News Archives - Insurance Journal

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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 …

30 11, 2022

Massachusetts Man Pleads Guilty in Physical Therapy Insurance Scam

By | November 30th, 2022|Uncategorized|Comments Off on Massachusetts Man Pleads Guilty in Physical Therapy Insurance Scam

A Boston man pleaded guilty in federal court in connection with a scheme to defraud an insurance company for physical therapy services that were not provided to patients, according to prosecutors. Officials said Slava Pride pleaded guilty to one count …

7 11, 2022

Cheerleading Company Denies Abuse Involvement, Hires Big Gun Attorney

By | November 7th, 2022|Uncategorized|Comments Off on Cheerleading Company Denies Abuse Involvement, Hires Big Gun Attorney

The American cheerleading company behind the sport’s top uniforms, camps and competitions is vehemently denying accusations that the enterprise helped facilitate alleged sexual abuse at gyms across the Southeast outlined in a series of federal lawsuits, and has hired a …

30 11, 2022

ALKEME Acquires Dealer Insurance Services in California

By | November 30th, 2022|Uncategorized|Comments Off on ALKEME Acquires Dealer Insurance Services in California

ALKEME acquired Dealer Insurance Services in Laguna Hills, California. Dealer Insurance Services will continue to operate under its current brand. Dealer Insurance Services specializes in benefits, with a focus on the auto dealer industry. ALKEME is based in Ladera Ranch, …

7 11, 2022

Two Families Settle with PacifiCorp in Oregon Over Fire

By | November 7th, 2022|Uncategorized|Comments Off on Two Families Settle with PacifiCorp in Oregon Over Fire

Electric company PacifiCorp has entered a settlement with two families who were victims of the catastrophic Labor Day fires in southern Oregon in 2020, according to attorneys representing the families, the Oregonian reports. The confidential settlement avoids a jury trial …