News Archives - Insurance Journal

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12 07, 2023

Report: Top Emerging Liability Trends in the Professional Services Sector

By | July 12th, 2023|Uncategorized|Comments Off on Report: Top Emerging Liability Trends in the Professional Services Sector

Inflation, new technology, evolving legislation and hackers for hire are just a few of the exposures facing professional services firms including management consultants, auditors, accountants, architects, engineers, solicitors and lawyers and media executives. A new report by Allianz Global Corporate …

12 07, 2023

Verlingue Acquires Majority Stake in Italian Broker INSER, Advancing European Strategy

By | July 12th, 2023|Uncategorized|Comments Off on Verlingue Acquires Majority Stake in Italian Broker INSER, Advancing European Strategy

Verlingue has acquired a majority stake in the insurance broker INSER, in line with its Verlingue 2024 strategic plan to create a major European, family-owned, independent insurance broker. Financial details of the deal were not disclosed. The INSER’s longstanding shareholder, …

12 07, 2023

Rain Eases After Flooding Vermont, Other Northeast States But More Expected

By | July 12th, 2023|Uncategorized|Comments Off on Rain Eases After Flooding Vermont, Other Northeast States But More Expected

A storm that left up to two months` worth of rain in Vermont and saturated other parts of the Northeast was moving out Tuesday, but more flooding was expected after already cutting off access to some communities, including the main …

12 07, 2023

Florida Boy Dies After Dog Attack, Ahead of New Law That Bars Local Bans on Pit Bulls

By | July 12th, 2023|Uncategorized|Comments Off on Florida Boy Dies After Dog Attack, Ahead of New Law That Bars Local Bans on Pit Bulls

A 6-year-old Florida boy has died after he was attacked by a pit bull-mix dog that lived in the same home. The North Port Police Department said the boy suffered extensive injuries to his upper torso and was flown to …

12 07, 2023

Landslide Tears Apart Luxury Homes on Southern California Peninsula

By | July 12th, 2023|Uncategorized|Comments Off on Landslide Tears Apart Luxury Homes on Southern California Peninsula

A landslide tore apart luxury homes on Southern California`s Palos Verdes Peninsula this week, leaving a confused jumble of collapsed roofs, shattered walls, tilted chimneys and decks dangling over an adjacent canyon. The slide in the Los Angeles County city …

12 07, 2023

Property Insurers’ Ratings Under Pressure as Risk Rises, Morningstar Says

By | July 12th, 2023|Uncategorized|Comments Off on Property Insurers’ Ratings Under Pressure as Risk Rises, Morningstar Says

The credit ratings of global property insurers are coming under pressure as rising reinsurance costs force them to cut back on cover and retain more risks themselves, DBRS Morningstar analysts said in a research note on Wednesday. Reinsurers, which insure …

12 07, 2023

HCA Data Leak Affects 11 Million; Class Action Says 9 Million Hit by Dental Insurer Breach

By | July 12th, 2023|Uncategorized|Comments Off on HCA Data Leak Affects 11 Million; Class Action Says 9 Million Hit by Dental Insurer Breach

Nashville-based HCAHealthcare, the largest for-profit operator of hospitals and clinics in the U.S., said that patient information had been leaked to an online forum. The breach leaked data for as many as 11 million patients, making it the largest known …

12 07, 2023

California Insurance Commissioner Issues Workers’ Comp Pure Premium Rate Filing Decision

By | July 12th, 2023|Uncategorized|Comments Off on California Insurance Commissioner Issues Workers’ Comp Pure Premium Rate Filing Decision

California Insurance Commissioner Ricardo Lara issued a decision regarding the workers’ compensation insurance pure premium rate filing that average $1.46 per $100 of payroll, 2.6% below the average of the approved September 1, 2022 advisory pure premium rates. The Workers’ …

12 07, 2023

Delos to Insurers Shedding Wildfire Risk: Send the Homes to Us

By | July 12th, 2023|Uncategorized|Comments Off on Delos to Insurers Shedding Wildfire Risk: Send the Homes to Us

About 6 million homes in the U.S. are considered uninsurable due to wildfire risk. The models at Delos Insurance say about half of those homes are absolutely insurable. “Delos sees a lot more insurable homes in California than other insurance …

12 07, 2023

Wisconsin Wildfire Consumes Nearly 1,000 aAcres, Forces Evacuations

By | July 12th, 2023|Uncategorized|Comments Off on Wisconsin Wildfire Consumes Nearly 1,000 aAcres, Forces Evacuations

MADISON, Wis. (AP) __ A wildfire in central Wisconsin has consumed almost 1000 acres (405 hectares) and forced evacuations of scores of properties. State Department of Natural Resources officials said at a news conference Tuesday that the fire began Monday …