News Archives - Insurance Journal

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20 06, 2024

Tropical Storm Alberto Strengthens as System Approaches Mexico

By | June 20th, 2024|Uncategorized|Comments Off on Tropical Storm Alberto Strengthens as System Approaches Mexico

Tropical Storm Alberto is strengthening as the system neared the Gulf coast of Mexico, and is expected to dump heavy rain across the northeast of the country and into southern Texas. The center of Alberto is expected to reach the …

20 06, 2024

Number of Companies Setting Climate Transition Plans Jumps 44% in 2023: Research

By | June 20th, 2024|Uncategorized|Comments Off on Number of Companies Setting Climate Transition Plans Jumps 44% in 2023: Research

The number of companies saying they have a climate transition plan in line with the world’s most ambitious goal has jumped by nearly half, but many do not give investors enough information to check the claims, according to non-profit data …

20 06, 2024

Drone-Sinking of Coal Ship Boosts Red Sea Perils, Drives Surge in Insurance Costs

By | June 20th, 2024|Uncategorized|Comments Off on Drone-Sinking of Coal Ship Boosts Red Sea Perils, Drives Surge in Insurance Costs

The sinking of a coal-carrier by a sea drone has boosted the risk of navigating the vital Bab el-Mandeb chokepoint to a new level and is driving a fresh surge in insurance costs. The British navy said Tuesday that the …

20 06, 2024

Southern Germany Floods to Cost Insurers $2.6 Billion-$3.9 Billion: Verisk

By | June 20th, 2024|Uncategorized|Comments Off on Southern Germany Floods to Cost Insurers $2.6 Billion-$3.9 Billion: Verisk

Estimated insured losses from flooding, which hit Southern Germany on May 15-June 5, will range from €2.4 billion (US$2.6 billion) to €3.6 billion (US$3.9 billion), according to Verisk, the data analytics and technology firm. Moody’s RMS recently estimated insured losses …

20 06, 2024

Allstate Reports May Pretax Catastrophe Losses of $1.4B

By | June 20th, 2024|Uncategorized|Comments Off on Allstate Reports May Pretax Catastrophe Losses of $1.4B

Allstate Corp. on Thursday reported May pretax catastrophe losses of about $1.4 billion. The Northbrook, Illinois-based insurer said 14 events contributed to nearly $1.5 billion in catastrophe losses for May, with 70% attributable to five wind and hail events mostly …

20 06, 2024

Massachusetts Restores 911 Emergency System After Outage of Several Hours

By | June 20th, 2024|Uncategorized|Comments Off on Massachusetts Restores 911 Emergency System After Outage of Several Hours

The 911 system across Massachusetts was restored Tuesday after going down for several hours, which made it impossible for anyone to reach emergency services through the call number. The Massachusetts State Police announced around 3:45 p.m. that the system had …

20 06, 2024

Alabama Insurance Producer Pleads to Threatening Prosecutor in Trump Case

By | June 20th, 2024|Uncategorized|Comments Off on Alabama Insurance Producer Pleads to Threatening Prosecutor in Trump Case

ATLANTA (AP) — An Alabama insurance producer pleaded guilty Tuesday to leaving threatening phone messages for Fulton County District Attorney Fani Willis and the county sheriff last summer because he was angry over the election-interference investigation into former President Donald …

20 06, 2024

Missing Student in Nashville Died of Intoxication and Drowning, Autopsy Shows

By | June 20th, 2024|Uncategorized|Comments Off on Missing Student in Nashville Died of Intoxication and Drowning, Autopsy Shows

NASHVILLE, Tenn. (AP) — Riley Strain, a University of Missouri student whose body was recovered from a river after going missing in Tennessee’s capital for nearly two weeks, died from accidental drowning and intoxication, according to a newly released autopsy …

20 06, 2024

Industry Groups Back Drugmakers’ Appeal in Zantac Cancer Lawsuits

By | June 20th, 2024|Uncategorized|Comments Off on Industry Groups Back Drugmakers’ Appeal in Zantac Cancer Lawsuits

A bid by GSK and other drugmakers to stop more than 70,000 lawsuits in Delaware over discontinued heartburn drug Zantac has received the backing of leading U.S. industry groups, including the United States Chamber of Commerce and Pharmaceutical Research and …

20 06, 2024

Golden Pass LNG Warns of Delays After Contractor’s Bankruptcy

By | June 20th, 2024|Uncategorized|Comments Off on Golden Pass LNG Warns of Delays After Contractor’s Bankruptcy

The developers of the Golden Pass LNG export facility that’s under construction in Texas warned of additional costs and delays due to the bankruptcy of contractor Zachry Industrial Inc. “Construction of a project of this magnitude, capable of employing nearly …