News Archives - Insurance Journal

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29 12, 2022

Google, YouTube Content Providers Must Face U.S. Children’s Privacy Lawsuit

By | December 29th, 2022|Uncategorized|Comments Off on Google, YouTube Content Providers Must Face U.S. Children’s Privacy Lawsuit

A U.S. appeals court on Wednesday revived a lawsuit accusing Alphabet Inc’s Google and several other companies of violating the privacy of children under age 13 by tracking their YouTube activity without parental consent, in order to send them targeted …

29 12, 2022

AM Best Gives A+ Rating to PartnerRe’s New MGA-Driven Insurance Ops

By | December 29th, 2022|Uncategorized|Comments Off on AM Best Gives A+ Rating to PartnerRe’s New MGA-Driven Insurance Ops

AM Best has assigned an A+ financial strength rating of A+ (Superior) to PartnerRe Insurance Solutions Bermuda Ltd. (PartnerRe Ins Solutions BM Ltd), a newly added member of PartnerRe Ltd. The ratings outlook is stable. According to an AM Best …

29 12, 2022

Top 10 National Insurance Journal Stories of 2022

By | December 29th, 2022|Uncategorized|Comments Off on Top 10 National Insurance Journal Stories of 2022

Auto insurers have had difficulties coming out of the pandemic – when streets were relatively unpopulated. The topic was the top national story published by Insurance Journal in 2022. If a word cloud was to be done on all national …

29 12, 2022

Exxon Sues to Force EU to Scrap New Windfall Profits Tax on Oil Companies

By | December 29th, 2022|Uncategorized|Comments Off on Exxon Sues to Force EU to Scrap New Windfall Profits Tax on Oil Companies

U.S. oil major Exxon Mobil Corp. is suing the European Union in a bid to force it to scrap the bloc’s new windfall tax on oil groups, arguing Brussels exceeded its legal authority by imposing the levy. Record profits this …

29 12, 2022

How Will Japan Secure Shipping Insurance for Imports of Russian LNG?

By | December 29th, 2022|Uncategorized|Comments Off on How Will Japan Secure Shipping Insurance for Imports of Russian LNG?

Japan, the world’s top liquefied natural gas (LNG) importer, is facing its latest challenge in securing vital gas supplies from Russia after Western reinsurers said they would halt marine war insurance for ships traveling in Russian waters from Jan. 1. …

29 12, 2022

2022 Will Be UK’s Warmest Year on Record: Met Office

By | December 29th, 2022|Uncategorized|Comments Off on 2022 Will Be UK’s Warmest Year on Record: Met Office

This year will be the warmest year on record for the UK, according to the Met Office. The annual average temperature across Britain exceeded the previous high set in 2014, when the average was 9.88C, provisional data from the national …

29 12, 2022

Insurance M&A Activity Slowed in 2022: S&P

By | December 29th, 2022|Uncategorized|Comments Off on Insurance M&A Activity Slowed in 2022: S&P

Berkshire Hathaway’s $11.6 billion acquisition of Alleghany Corp. was the largest insurance transaction in 2022 but insurance M&A activity dropped this year, according to an S&P Global Market Intelligence analysis. As of the end of November, there were 685 deals …

29 12, 2022

$5.4B Insured Losses from Winter Storm Elliot: KCC

By | December 29th, 2022|Uncategorized|Comments Off on $5.4B Insured Losses from Winter Storm Elliot: KCC

Insured damage to residential, commercial, and industrial properties and automobiles will be about $5.4 billion from Winter Storm Elliot, according to modeler Karen Clark & Co (KCC). The storm affected 42 states from Dec. 21 to Dec. 24 with below-freezing …

29 12, 2022

One Storm Departs California as Another Lines up to Enter

By | December 29th, 2022|Uncategorized|Comments Off on One Storm Departs California as Another Lines up to Enter

SACRAMENTO, Calif. (AP) – Dense fog plagued California’s Central Valley early Wednesday as one winter storm left the state and another lined up to enter. The new storm was expected to move through Northern California late Wednesday and overnight, followed …

29 12, 2022

Heating Methods Suspected in Ohio Fire After family of 6 Killed

By | December 29th, 2022|Uncategorized|Comments Off on Heating Methods Suspected in Ohio Fire After family of 6 Killed

NEWCOMERSTOWN, Ohio (AP) – Authorities investigating a fire that claimed the lives of six members of an Ohio family are looking at the possibility that the blaze was sparked by alternative methods of heating that the family was using to …