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News – Insurance Journal
Climate Report: ‘Lo- to No- Snow’ Will Worsen Water Shortages in U.S. West
The Intergovernmental Panel on Climate Change this week distributed the final draft of the Working Group III contribution to the Sixth Assessment Report to governments, in one of the final stages of preparations before IPCC member countries consider this report …
POSTED DECEMBER 02, 2021 6:46 PM |
14 Insurers Pressing Lawsuit vs. Park Service After Gatlinburg Wildfires
Fourteen insurance companies are pressing ahead with a lawsuit against the federal government, alleging that the National Park Service did little to stop 2016 wildfires that destroyed dozens of homes and businesses in and around Gatlinburg, Tennessee. The suit, led …
POSTED DECEMBER 02, 2021 5:51 PM |
Louisiana Insurers Face $100 Million Assessment Fee after Ida-Related Insolvencies
Louisiana property and casualty insurers will be assessed $100 million to cover the cost of two regional insurance companies facing insolvency due to losses from Hurricane Ida. The Louisiana Insurance Guaranty Association board voted Nov. 30 to assess admitted insurers …
POSTED DECEMBER 02, 2021 5:33 PM |
How Personal Lines Insurance Sector Will Fare in 2022
Thanks in part to higher surplus levels and favorable risk-adjusted capitalization at the start of 2021, the U.S. personal lines insurance segment has managed to navigate the challenges of this year including above-average catastrophe activity, a return to pre-pandemic frequency …
POSTED DECEMBER 02, 2021 4:59 PM |
Wife of Injured Kansas Officer Settles with Auto Dealership
A lawsuit filed against a Wichita car dealership by the wife of a police officer injured when he was run over by a sport utility vehicle from the business has been settled for an undisclosed amount. Officer Brian Arterburn was …
POSTED DECEMBER 02, 2021 4:30 PM |
Hub Acquires Texas’ Catto & Catto
Hub International Limited (Hub), a global insurance brokerage and financial services firm, has acquired the assets of Catto & Catto, Inc. and Catto & Catto Benefits Group, LLC (collectively, Catto & Catto). Terms of the transaction were not disclosed. Located …
POSTED DECEMBER 02, 2021 4:27 PM |
Joyn Insurance Goes Live With E&S Offerings in 28 States
New digital managing general agency Joyn is expanding its excess and surplus coverage offerings to a total of 28 states plus Washington, D.C. The majority of the new offerings are excess lines of business in 21 states and Washington, D.C, …
POSTED DECEMBER 02, 2021 4:21 PM |
California Autonomous Delivery Service Rolling out from Nuro, 7-Eleven
Self-driving tech startup Nuro said on Wednesday it was rolling out California’s first commercial autonomous delivery service in partnership with 7-Eleven, a convenience store operator. Nuro and rivals such as Waymo are launching or planning to launch autonomous delivery services …
POSTED DECEMBER 02, 2021 3:28 PM |
New York Man Indicted for Workers’ Comp Insurance Fraud Scheme
A Bronx, New York, man has been indicted on grand larceny, insurance fraud and additional charges for falsely claiming he was fully disabled and unable to work at his state job so he could collect more than $35,000 in workers’ …
POSTED DECEMBER 02, 2021 3:26 PM |
World Insurance Associates Acquires New Jersey’s Coe-Brooke Insurance Agency
World Insurance Associates LLC (WIA) acquired Coe-Brooke Insurance Agency Inc. of Point Pleasant, New Jersey, on November 1, 2021. Terms of the transaction were not disclosed. Coe-Brooke Insurance Agency Inc. is a family owned and operated agency with more than …
POSTED DECEMBER 02, 2021 3:24 PM |
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