News Center
News Archives - Insurance Journal
Hong Kong’s Typhoon-Related Claims Set to Top Record $500M in 2023
Hong Kong insurance claims caused by natural disasters may climb to a record and exceed $500 million this year should approaching Typhoon Koinu add to this storm season’s damages, according to Bloomberg Intelligence. The city’s heaviest rainstorm on record, coupled …
POSTED OCTOBER 04, 2023 6:30 AM |
NHTSA Expands Probe Into Ford Engine Failures to Include Nearly 709,000 Vehicles
U.S. auto safety investigators have expanded a probe into Ford Motor Co. engine failures to include nearly 709,000 vehicles. The National Highway Traffic Safety Administration also said in documents posted Monday on its website that it upgraded the investigation to …
POSTED OCTOBER 04, 2023 6:15 AM |
Commercial Auto Up Against Persistent Headwinds to Underwriting Profit
Underwriting losses in U.S. commercial auto have returned to pre-pandemic levels and rate increases have not been enough to keep up with severity trends. “The liability component has been more problematic than the physical damage component, which is no surprise …
POSTED OCTOBER 04, 2023 5:31 AM |
Viewpoint: Reflecting on 30 Years of Transformation in the Re/Insurance Sector
Executive summary: Reflecting on 30 years of Pro Global’s journey in the re/insurance sector, it is evident that the company’s evolution parallels the broader shifts that have defined the industry’s growth, adaptation, and innovation. This reflection provides an opportunity to …
POSTED OCTOBER 04, 2023 5:15 AM |
Is Industry Prepared? Hail, Convective Storms, Population Now Driving Billions in Losses
Hurricanes in the East. Wildfires in the West. Those are the big disasters that grab the headlines and are driving property insurance costs and cancellations, to a large degree, right? Yes, but insurers also are seeing a huge increase in …
POSTED OCTOBER 04, 2023 5:01 AM |
Subcontractors Working Too Close to High Voltage Power Lines Draws OSHA Action
The U.S. Department of Labor has entered into a settlement agreement with a New Jersey building contractor who allowed its subcontractors’ employees to work in close proximity to high-voltage power lines at a Paterson work site in 2021 and 2022. …
POSTED OCTOBER 04, 2023 5:00 AM |
Musk Facing Defamation Suit in Texas Over Posts That Falsely Identified Man in Protest
A California man who says he was harassed after Elon Musk amplified posts on his social media platform X, formerly known as Twitter, that falsely placed the man at a confrontation involving far-right protesters sued the billionaire for defamation in …
POSTED OCTOBER 04, 2023 5:00 AM |
Washington Insurance Commissioner Issued $262K in Fines for Violations
Washington Insurance Commissioner Mike Kreidler issued fines in July and August totaling $262,250 against insurance companies and insurance producers for violating state insurance laws and regulations. Following is a breakdown of the fines and the reported offenses: Insurance companies Kaiser …
POSTED OCTOBER 04, 2023 5:00 AM |
5 Died of Exposure to Chemical in Central Illinois Crash, Preliminary Autopsies Find
Five people died from exposure to a chemical that spilled after a semitruck overturned in central Illinois, according to autopsies. Effingham County Coroner Kim Rhodes said official results from the autopsies won`t be available for several weeks. The victims of …
POSTED OCTOBER 04, 2023 5:00 AM |
Army Officer Pepper-Sprayed During Traffic Stop Seeks New Trial Against Police
A U.S. Army lieutenant who was struck, pepper-sprayed and handcuffed during a traffic stop in Virginia asked a federal appeals court on Monday to overturn rulings by a trial judge after jurors found mostly in favor of the two police …
POSTED OCTOBER 04, 2023 5:00 AM |
West News Archives - Insurance Journal
Washington Insurance Commissioner Issued $262K in Fines for Violations
Washington Insurance Commissioner Mike Kreidler issued fines in July and August totaling $262,250 against insurance companies and insurance producers for violating state insurance laws and regulations. Following is a breakdown of the fines and the reported offenses: Insurance companies Kaiser …
POSTED OCTOBER 04, 2023 5:00 AM |
Lawsuits Blame Utility for Washington Fire That Killed Man and Burned Hundreds of Homes
Two lawsuits have been filed against an electric utility for allegedly sparking a fire in eastern Washington that killed a man and burned approximately 240 homes. A lawsuit filed in Spokane County Superior Court says Inland Power and Light Company`s …
POSTED OCTOBER 03, 2023 1:55 PM |
$650K to Settle Whistleblower Suit in New Mexico
New Mexico’s Children, Youth and Families Department has reached a $650,000 settlement in a whistleblower lawsuit brought by two former agency officials. The settlement was announced Tuesday, just weeks before the case was scheduled to go to trial in a …
POSTED OCTOBER 03, 2023 5:00 AM |
People Moves: Su Joins Golden Bear as General Counsel
Golden Bear Insurance Company, headquartered in Stockton, Calif., appointed Henry Su as its new general counsel. As general counsel, Su will oversee all legal affairs for the company, provide strategic guidance and ensure compliance with industry regulations. Su has more …
POSTED OCTOBER 03, 2023 5:00 AM |
California Judge Rules Tesla Owners Must Arbitrate False Ad Claims Over Autopilot Feature
A California federal judge has ruled that a group of people who own cars made by Tesla Inc must pursue claims that the company misled the public about its autopilot features in individual arbitration rather than court. The ruling marks …
POSTED OCTOBER 02, 2023 10:38 PM |
Court Orders Subway Franchise Owners in California to Pay Workers Nearly $1M
A federal court ordered the owners of 14 Subway locations north of San Francisco to pay employees nearly $1 million in damages and back pay, and also to sell or shut their businesses, with any sale proceeds going to the …
POSTED OCTOBER 02, 2023 2:12 PM |
Report: Pilot Error, Training Issues Factors in Alaska Crash That Killed Czech Billionaire
The probable cause of a heli-skiing crash in Alaska in 2021 that killed a Czech billionaire and four others was a failure by the pilot to adequately respond to whiteout conditions, a federal accident report concluded. The report from the …
POSTED OCTOBER 02, 2023 5:00 AM |
Washington Asks Insurers to Expedite Approval Process for Debris Removal After Wildfires
Washington Insurance Commissioner Mike Kreidler sent a letter asking insurance companies and adjusters working with communities impacted by the Gray and Oregon Road fires to expedite the approval process for debris removal. Speeding up the process will help assure people …
POSTED OCTOBER 02, 2023 5:00 AM |
Plaintiffs’ Attorney Cites ‘Experimental Vehicles’ in Tesla Trial Over Autopilot Fatality
The lawyer representing victims of a fatal crash of a Tesla Model 3 car in his opening statement in court on Thursday blamed the company’s Autopilot driver assistant system, saying that “a car company should never sell consumers experimental vehicles.” …
POSTED SEPTEMBER 29, 2023 8:00 AM |
INSHUR Partners with Uber on Insurance Products for On-Demand Livery Drivers in Arizona
On-demand insurance platform INSHUR launched its insurance offering for on-demand livery drivers in Arizona, its second state in the U.S. following New York. This comes after the company’s acquisition of American Business Insurance Services in April. The launch in Arizona …
POSTED SEPTEMBER 29, 2023 5:00 AM |
NOTICE: The links and articles found on or within this news center are simply for informational purposes that we believe may be of benefit to our clients and/or website visitors. By providing these links on our website, we are not recommending or endorsing the use of the particular products or services these third parties offer. Nor does Premier Group Insurance confirm, corroborate or agree to the statistics or opinions on these links and articles. We urge you to review each website’s Privacy Policy, Disclaimers, and develop an independent opinion of the service or product for any link pursued.
|