News Archives - Insurance Journal

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7 11, 2022

Tanzanian Plane Crashes Into Africa’s Lake Victoria, Killing 19

By | November 7th, 2022|Uncategorized|Comments Off on Tanzanian Plane Crashes Into Africa’s Lake Victoria, Killing 19

Nineteen people died after a passenger plane crashed into Africa’s largest lake on approach to an airport in northwestern Tanzania, Radio One cited Prime Minister Kassim Majaliwa as saying. The ATR turboprop aircraft was carrying 39 passengers from Tanzania’s commercial …

29 11, 2022

Texas DWC to Host Presentation on Amendments to Administrative Code

By | November 29th, 2022|Uncategorized|Comments Off on Texas DWC to Host Presentation on Amendments to Administrative Code

The Texas Department of Insurance, Division of Workers’ Compensation (DWC) informally proposes amendments to 28 Texas Administrative Code (TAC) Chapter 133, General Medical Provisions and 28 TAC Chapter 134, Benefits–Guidelines for Medical Services, Charges, and Payments to improve the designated …

7 11, 2022

Online Startup Waada Buys Rival to Become Pakistan’s Largest Insurtech

By | November 7th, 2022|Uncategorized|Comments Off on Online Startup Waada Buys Rival to Become Pakistan’s Largest Insurtech

Pakistani online insurance startup Waada acquired a local rival to create the South Asian nation’s largest player in the field, seeking to benefit from growth in the burgeoning market. The Karachi-based company took over MicroEnsure Pakistan, a unit of MIC …

29 11, 2022

NFP Acquires Olson & Olson in Colorado

By | November 29th, 2022|Uncategorized|Comments Off on NFP Acquires Olson & Olson in Colorado

NFP acquired Olson & Olson Insurance Services Inc. in Denver, Colorado. Firm leaders Darrell Olson II and Lance Olson will join NFP and report to John Hohman, president, West region, NFP. Olson & Olson is an insurance broker with capabilities …

7 11, 2022

Inflation, Debt Crisis, Cost of Living Pose Top Business Risks in G20 Nations: Survey

By | November 7th, 2022|Uncategorized|Comments Off on Inflation, Debt Crisis, Cost of Living Pose Top Business Risks in G20 Nations: Survey

Runaway inflation, an unfolding debt crisis and cost-of-living problems pose the biggest threats to doing business for G20 countries in the next two years, data from the World Economic Forum showed on Monday. Inflation has surged to levels not seen …

29 11, 2022

Houston Lifts Boil-Water Notice

By | November 29th, 2022|Uncategorized|Comments Off on Houston Lifts Boil-Water Notice

Houston residents are safe to use and drink tap water again after the city lifted its boil-water notice early Tuesday morning for all customers. “Customers should flush their water system by running cold-water faucets for at least one minute, cleaning …

29 11, 2022

Report from California Insurers Calls for More Freedom to Use Wildfire Catastrophe Models

By | November 29th, 2022|Uncategorized|Comments Off on Report from California Insurers Calls for More Freedom to Use Wildfire Catastrophe Models

Associations representing insurers operating in California on Tuesday released an analysis from Milliman showing wildfire catastrophe models would improve homeowners’ access to insurance in the face of climate-induced wildfire risk. The analysis was commissioned by the Personal Insurance Federation of …

7 11, 2022

Brazil’s BB Seguridade Raises Full-Year Forecasts as Q3 Profit Jumps 69%

By | November 7th, 2022|Uncategorized|Comments Off on Brazil’s BB Seguridade Raises Full-Year Forecasts as Q3 Profit Jumps 69%

Brazilian insurer BB Seguridade Participacoes SA raised some full-year forecasts on Monday after reporting a 69% jump in third quarter profit on the back of a strong commercial performance in insurance, pension plans and premium bonds. BB Seguridade, which is …

30 11, 2022

Report: It Takes 7 Years to Close Most California Workers’ Comp Claims

By | November 30th, 2022|Uncategorized|Comments Off on Report: It Takes 7 Years to Close Most California Workers’ Comp Claims

It takes seven years to close the vast majority of workers’ compensation claims in California, more than double the time in the median state. The Workers’ Compensation Insurance Rating Bureau of California released a report detailing duration drivers for California …

7 11, 2022

Allstate in Talks to Return Headquarters to Chicago From Suburbs

By | November 7th, 2022|Uncategorized|Comments Off on Allstate in Talks to Return Headquarters to Chicago From Suburbs

Allstate Corp. is in talks about moving its headquarters to Chicago after selling the majority of its suburban campus earlier this year, potentially returning to a city that it quit decades ago. The insurer has held discussions with Chicago officials …