Heat Wave Threatens Power Output and Wildfires Across Europe
Europe’s heat wave is intensifying, fueling wildfires across the Mediterranean and threatening to curb electricity generation from both nuclear and hydropower plants. Temperatures in Spain are forecast to hit 39C (102F) on Wednesday, but could climb further to 42C next …
Cargo Theft Up 27% in 2024 With Continued Rise Expected: NICB
Tariffs, enhanced technology to defeat law enforcement along with profitability of criminal enterprises, and geopolitical circumstances have led to an increased threat to the global supply chain, according to the National Insurance Crime Bureau (NICB). Within the past 18 months, …
Microsoft Sued by Authors Over Use of Books in AI Training
Microsoft has been hit with a lawsuit by a group of authors who claim the company used their books without permission to train its Megatron artificial intelligence model. Kai Bird, Jia Tolentino, Daniel Okrent and several others alleged that Microsoft …
Florida Citizens Moves to Have Commercial Claims Disputes Decided by DOAH
Three years after Citizens Property Insurance Corp. made the unprecedented move to resolve many of its residential claims disputes through a state agency instead of through litigation, officials are now planning to send some commercial claims down that same path. …
Slide’s Exec Pay Leads to Questions About Florida Citizens’ Rate Model
At Wednesday’s Board of Governors meetings, a Citizens Property Insurance Corp. committee voted to move ahead with the full, 15% average rate increase for personal lines in 2026 – the largest increase allowed under Citizens’ statutory glidepath. But two members …
US E&S Growth Slowed Again in ’24; Berkshire, AIG Top Premium Rankings
A recent analysis by S&P Global Market Intelligence reveals that the pace of growth in the U.S. excess and surplus lines market slowed to 13.4% in 2024, down from 14.5% a year earlier. While growth stayed up in double digits …
HEMIC to Act as a Servicing Facility for Hawaii Hurricane Relief Fund
HEMIC Insurance Managers is accepting apartment and condominium owner associations (AOAO) applications for hurricane coverage from Hawaii licensed insurance agents. The Department of Commerce and Consumer Affairs announced that the Hawaii Hurricane Relief Fund (HHRF) was reactivated to address the …
MIT Sued by Student, Instructor Claiming Campus Antisemitism
The Massachusetts Institute of Technology was sued by an instructor and a former student who claim the school’s administration failed to address a “hostile anti-Semitic environment” on campus following the Oct. 7, 2023, attacks in Israel by Hamas. Lior Alon, …
Tesla Sued Over Model S Crash That Killed Three in New Jersey
Tesla was sued on Monday by the estates of three people killed last September when their 2024 Model S equipped with Autopilot and Full Self-Driving features crashed on New Jersey’s Garden State Parkway. The wrongful death lawsuit filed in the …
People Moves: MAPFRE USA Names Pasko; Roosevelt Road Appoints Cook
MAPFRE USA Names Pasko Executive Vice President, General Counsel, Secretary MAPFRE USA, headquartered in Boston, Massachusetts, appointed Mark Pasko as executive vice president, general counsel and secretary of MAPFRE USA, effective July 21. Pasko will be responsible for MAPFRE’s legal, …
MJ Companies Expands Nashville Ops, Names Reavis VP for Development
Indianapolis-based MJ Companies, an insurance agency and financial consulting firm, named Craig Reavis vice president for business and community development. The company also signed a lease for new office space at the upscale Nashville Yards mixed-use development district near downtown. …
Coalition Re’s New Helios Platform Allows Cedants to Gain Real-Time Cyber Insights
Coalition today introduced Coalition Re’s Helios platform, a new tool that allows cedants to view real-time cyber risk exposures in their portfolios and manage them more effectively. With the Helios platform, information previously provided to cedents only via a summary …
AI-Focused COVU Acquires Maine’s 100-Year Old Ford Agency
San Francisco-based COVU, Inc. announced it has acquired Ford Insurance Agency, a 100+ year-old, family-owned business based in Eliot, Maine. Operated by the Lonsinger family, Ford Insurance Agency provides commercial and personal lines coverage. This marks COVU’s fourth acquisition in …
What to Watch: The Trends for P/C Insurance in 2025 So Far
As we reach the midpoint of 2025, now is a perfect time to reflect on some of the key trends that have defined the first half of the year while also looking ahead at what to expect in the back …
EV-Carrying Ship Sinks in Pacific Ocean After Catching Fire
A ship that caught fire in the Pacific Ocean earlier this month has sunk. The vessel was abandoned in the middle of the pacific — about 360 miles from land — after a blaze. It was carrying about 3,000 vehicles …
Body Found After Boat Capsize on Lake Tahoe Brings Death Toll to 8
The body of the last person missing from a boat that capsized on Lake Tahoe in California during a sudden and powerful weekend thunderstorm was found Monday, bringing the death toll to eight. Ten people were on board the 27-foot …
Chicago Allows Summer Curfews for Minors as Mayor Vows Veto
Chicago’s city council voted to give its police chief the green light to enforce temporary curfews for minors in a bid to curb violence that has typically ramped up during the summer months, prompting Mayor Brandon Johnson to vow to …
Texas Lt. Gov. Patrick Clashes With Gov. Abbott Over Veto of THC Ban
Lt. Gov. Dan Patrick, the powerful head of the Texas Senate, sharply rebuked Gov. Greg Abbott on Monday for vetoing his top legislative priority — a ban on all THC products — and dug in his heels against the governor’s …
People Moves: Acrisure Re Names Souza Leader of New West Coast Office
Acrisure Re named Danny Souza, senior vice president, as leader of Acrisure Re’s new West Coast office in San Francisco, California. He will continue to report to Marc Piccione, partner and managing director of the New York office. Souza joined …
World Acquires Five Louisiana Agencies
World Insurance Associates announced that it acquired the business of five entities with locations across Louisiana on March 1, 2025. The agencies are Insurance Unlimited of Louisiana, LLC (“IU”), Erwin Insurance Agency, Inc. (“Erwin”), Burke & Burke Insurance Marketing Inc. …
Insurance Journal delivers the latest business news for the Property/Casualty insurance industry
Suscribirse a Fuente de noticias Insurance Journal
Comunicados de prensa más recientes
Gran Caimán, Islas Caimán, 3 de julio de 2024. El CCRIF SPC realizó un pago el 1o de julio de 2024 d
Gran Caimán, Islas Caimán, 14 de junio de 2024. El 5 de junio de
Gran Caimán, Islas Caimán, 20 de octubre de 2023. El CCRIF SPC realizó dos pagos por un total de US$3,4 millones a los Gobiernos de Antigua y Barbuda y las Islas Vírgenes Británicas tras la tormenta tropical Philippe. Philippe tocó tierra en Antigua y Barbuda el 2 de octubre y pasó cerca de las Islas Vírgenes Británicas el 4 de octubre, provocando fuertes lluvias e inundaciones en ambos países. El CCRIF realizó pagos en las pólizas de seguro paramétrico para exceso de lluvia, como sigue:
19 de septiembre de 2023. Gran Caimán, Islas Caimán.
14 de septiembre de 2023. Gran Caimán, Islas Caimán. El CCRIF SPC se enorgullece en dar la bienvenida a Honduras como su cuarto miembro de Centroamérica. El Gobierno ha adquirido cobertura de seguro paramétrico para exceso de lluvia, efectiva a partir del 1 de junio de 2023. El director ejecutivo del CCRIF, el Sr.