News Archives - Insurance Journal

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5 07, 2022

Lawsuits Filed After Deadly Missouri Amtrak Crash

By | July 5th, 2022|Uncategorized|Comments Off on Lawsuits Filed After Deadly Missouri Amtrak Crash

The first lawsuits have been filed only days after an Amtrak train collision and derailment in rural Missouri that left four people dead and injured up to 150 others. In a federal lawsuit filed last Friday, surviving passenger Janet Williams …

5 07, 2022

Austin, Texas Officials Report At Least 90 Fires From July 4th Celebrations

By | July 5th, 2022|Uncategorized|Comments Off on Austin, Texas Officials Report At Least 90 Fires From July 4th Celebrations

The Austin, Texas fire department reported at least 90 fires the night of July 4th in spite of a fireworks ban ordered by Austin and Travis County officials. Most of the fires were small grass, dumpster and trash fires, the …

5 07, 2022

Rates Increases Steady in Q2: MarketScout

By | July 5th, 2022|Uncategorized|Comments Off on Rates Increases Steady in Q2: MarketScout

MarketScout said commercial property/casualty rates in the U.S. during the second quarter 2022 were about the same as the first quarter, with composite average rate increases across all lines of just over 5.9%. Increases were 6% in the first quarter …

1 07, 2022

Grocery Chain Wegmans Settles with New York Over Data Breach

By | July 1st, 2022|Uncategorized|Comments Off on Grocery Chain Wegmans Settles with New York Over Data Breach

The supermarket chain Wegmans agreed to pay $400,000 and upgrade its security practices over a data breach that exposed personal information of more than 3 million consumers nationwide, New York Attorney General Letitia James said on Thursday. Wegmans was accused …

1 07, 2022

Midyear Prop-Catastrophe Reinsurance Capacity Down for 1st Time in Decades: Aon

By | July 1st, 2022|Uncategorized|Comments Off on Midyear Prop-Catastrophe Reinsurance Capacity Down for 1st Time in Decades: Aon

For the first time since the devastating U.S. hurricanes of 2004 and 2005, property-catastrophe capacity contracted during the June/July reinsurance renewal period, Aon said in a new report released yesterday. While the reinsurance market remained stable on the casualty side, …

1 07, 2022

Climate Change Driving Extreme Heat and Flooding in 2022: Report

By | July 1st, 2022|Uncategorized|Comments Off on Climate Change Driving Extreme Heat and Flooding in 2022: Report

Extreme weather events – from scorching heatwaves to unusually heavy downpours – have caused widespread upheaval across the globe this year, with thousands of people killed and millions more displaced. In the last three months, monsoon rains unleashed disastrous flooding …

1 07, 2022

Florida Property Reinsurance Premiums Rise by as Much as 50%: Gallagher Re

By | July 1st, 2022|Uncategorized|Comments Off on Florida Property Reinsurance Premiums Rise by as Much as 50%: Gallagher Re

Property reinsurance rates rose by as much as 50% in Florida at July 1 renewals and by up to 40% in the United States overall, reinsurance broker Gallagher Re said on Friday, as reinsurers grappled with higher inflation and natural …

1 07, 2022

Supreme Court: Vet Who Lost Job as Texas Trooper Can Sue State

By | July 1st, 2022|Uncategorized|Comments Off on Supreme Court: Vet Who Lost Job as Texas Trooper Can Sue State

The Supreme Court on Wednesday allowed a former state trooper to sue Texas over his claim that he was forced out of his job when he returned from Army service in Iraq. The justices ruled for Army veteran Le Roy …

1 07, 2022

Supreme Court Declines to Hear New York Vaccine Mandate for Health Workers

By | July 1st, 2022|Uncategorized|Comments Off on Supreme Court Declines to Hear New York Vaccine Mandate for Health Workers

The Supreme Court declined on Thursday to take up a case involving a COVID-19 vaccine requirement for health care workers in New York that does not offer an exemption for religious reasons. The court’s action follows a decision in December …

1 07, 2022

UFC Star Charged in Shooting Sues California Day Care Owners over Alleged Molesting

By | July 1st, 2022|Uncategorized|Comments Off on UFC Star Charged in Shooting Sues California Day Care Owners over Alleged Molesting

Cain Velasquez, the former UFC heavyweight champion accused of trying to kill the man he claims molested his 4-year-old son, is suing the man and his family who own a day care where the alleged molestation occurred. Velasquez was arrested …