News Archives - Insurance Journal

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29 12, 2022

Oklahoma Airport Says Air Force Charter Damaged Runway

By | December 29th, 2022|Uncategorized|Comments Off on Oklahoma Airport Says Air Force Charter Damaged Runway

STILLWATER, Okla. (AP) – A military cargo aircraft carrying the U.S. Air Force Academy women’s basketball team to a game at Oklahoma State University landed without authorization at the city’s airport and caused damage to its runway, city officials in …

29 12, 2022

Ohio Supreme Court: Ransomware Did Not Cause Direct Physical Loss

By | December 29th, 2022|Uncategorized|Comments Off on Ohio Supreme Court: Ransomware Did Not Cause Direct Physical Loss

A business owner’s insurance policy did not provide coverage for software damaged by a ransomware attack because there was no direct physical damage or loss, the Ohio Supreme Court ruled. “Computer software cannot experience ‘direct physical loss or physical damage’ …

29 12, 2022

Pennsylvania Helps Buffalo Clear Snow; State Acts on Flooding, Insurance, Banks

By | December 29th, 2022|Uncategorized|Comments Off on Pennsylvania Helps Buffalo Clear Snow; State Acts on Flooding, Insurance, Banks

Like a good neighbor, the state of Pennsylvania is sending equipment and personnel to help neighboring Buffalo, New York, dig out from the recent deadly winter storm that dumped more than four feet of snow in the region and has …

29 12, 2022

Highway Fatalities Top 170 in Maine

By | December 29th, 2022|Uncategorized|Comments Off on Highway Fatalities Top 170 in Maine

Maine is likely to finish the year with its highest number of highway fatalities in 15 years, as a pandemic trend of speeding and reckless driving continues across the state, officials said. The unofficial number of highway deaths stood at …

23 12, 2022

Baltimore Police Say Carjackers Targeting Rideshare Drivers

By | December 23rd, 2022|Uncategorized|Comments Off on Baltimore Police Say Carjackers Targeting Rideshare Drivers

Police in Baltimore are investigating dozens of rideshare carjackings and robberies over the past month but have seen more cases despite several arrests, Police Commissioner Michael Harrison said Wednesday. In many cases, an active rideshare driver’s car and phone are …

23 12, 2022

Title Insurer Stewart Agrees to $2.5M ‘No-Poaching’ Settlement With New York

By | December 23rd, 2022|Uncategorized|Comments Off on Title Insurer Stewart Agrees to $2.5M ‘No-Poaching’ Settlement With New York

New York Attorney General Letitia James announced a settlement with one of the largest title insurance underwriters, Stewart Title Guaranty Corp., ending non-competitive no-poach agreements between Stewart and its competitors. As a result of this agreement, Stewart said it will …

22 12, 2022

Verisk to Acquire Swedish Claims Insurtech Mavera

By | December 22nd, 2022|Uncategorized|Comments Off on Verisk to Acquire Swedish Claims Insurtech Mavera

Verisk, the global data analytics provider, has entered into an agreement to acquire Mavera, a Sweden-based insurtech firm that operates a personal injury claims management platform. Financial details of the transaction were not disclosed. This addition of the Nordics personal …

22 12, 2022

Suits Over Carolina Cheerleader Abuse Allegations Now Include Racketeering Claims

By | December 22nd, 2022|Uncategorized|Comments Off on Suits Over Carolina Cheerleader Abuse Allegations Now Include Racketeering Claims

A series of lawsuits beginning in South Carolina have detailed the alleged sexual abuse of at least 20 cheerleaders across six states. The anonymous plaintiffs have accused coaches, choreographers and others of illicit drug provision, child pornography solicitation and rape. …

22 12, 2022

ACORD Study Highlights Drivers of High Performance Among Top U.S. Insurers

By | December 22nd, 2022|Uncategorized|Comments Off on ACORD Study Highlights Drivers of High Performance Among Top U.S. Insurers

ACORD recently conducted the U.S. Value Creators Study focused on the 100 largest property/casualty insurance groups in the U.S., representing nearly 90% of premiums written and almost 100% of the industry’s market capitalization – $9.1 trillion over the 20 years …

22 12, 2022

Chinese Electric Automaker Nio Hit by Ransomware Attack

By | December 22nd, 2022|Uncategorized|Comments Off on Chinese Electric Automaker Nio Hit by Ransomware Attack

China-based Nio Inc. said on Tuesday that hackers had breached its computer systems and accessed data on users and vehicle sales, in the latest hacking incident to hit the global auto industry. The hackers had sent an email to the …