U.S. P/C Industry Records $26.5 Billion Underwriting Loss in 2022 March 23, 2023 The U.S. property/casualty (P/C) industry recorded a $26.5 billion net underwriting loss in 2022, $21.5 billion more than the $5...
Florida Insurance Agent Who Used $5M in Premiums for Safari, Condos Gets 14 Years March 23, 2023 By William Rabb More than 18 months after he pleaded guilty to absconding with almost $5 million in premiums, a Florida insurance agent...
These Southwestern Counties Were Ranked Safest from Natural Disasters March 23, 2023 A city in New Mexico and five counties in Colorado ranked in the top 10 for lowest-risk areas for natural...
Long-Term Drought in Spain Expected to Bring More Heatwaves, Wildfires March 23, 2023 By Ciaran Giles MADRID (AP) – Spain has officially entered a period of long-term drought, owing to high temperatures and low rainfall over...
Lloyd’s of London Swings to 2022 Pre-Tax Loss on Investments but U/W Profits Up March 23, 2023 Lloyd’s of London swung to a pre-tax loss in 2022 and took writedowns on its fixed-income investments, it said on...
Japanese Shipping Firm Seeks Government Support for Russia Insurance Risk March 23, 2023 By Shoko Oda and Tsuyoshi Inajima Major Japanese shipping company Nippon Yusen KK is seeking a government guarantee to insure vessels at risk from Russia’s war...
Oil Spills and Near Misses: Growing Numbers of Ghost Tankers Ship Sanctioned Fuel March 23, 2023 By Jonathan Saul An oil tanker runs aground off eastern China, leaking fuel into the water. Another is caught in a collision near...
GM Must Face Class Actions Over Defective Transmissions March 23, 2023 By Jonathan Stempel A federal judge in Detroit certified class actions for drivers in 26 U.S. states who accused General Motors Corp. of...
Supreme Court Chews on Jack Daniel’s Fight Against Parody Dog Toy March 23, 2023 By John Kruzel and Andrew Chung U.S. Supreme Court justices on Wednesday sniffed around for a way to resolve a dispute over a dog toy parodying...
Kentucky Governor Signs Bill: Guaranty Fund Won’t Pay Claims from Self-Insurers March 23, 2023 By Insurance Journal Staff Reports Kentucky’s governor this week signed into law a bill that seeks to make one thing perfectly clear: The Kentucky Insurance...