Canada Insurers Investing in Fossil Fuels as Climate Risks Grow: Shareholder Group July 10, 2024 Canada’s top property and casualty insurers have invested more than C$19.5 billion ($14.30 billion) in fossil fuels production at a...
Insurance Broker TWFG Aims to Raise Up to $176M in IPO July 10, 2024 Insurance broker TWFG, backed by reinsurer RenaissanceRe, said on Tuesday it is aiming to raise as much as $176 million...
Viewpoint: Premium Audits Help Insurers Navigate Regulatory Compliance July 10, 2024 By Robert Sherman Leading carriers and managing general agents (MGAs) are increasingly seeking to assess their premium income via audits to ensure exposures...
Marsh McLennan Agency to Acquire The Horton Group July 10, 2024 Marsh McLennan Agency said it has a definite agreement to buy Illinois-based brokerage The Horton Group, Inc. Terms were not...
CSU Research Team Increases Atlantic Hurricane Forecast July 10, 2024 By Chad Hemenway Hurricane Beryl got the respected team of researchers at Colorado State University to rethink its forecast for the Atlantic hurricane...
Oxendine Asks Judge to Go Easy on Sentencing. Former Commissioners Weigh In July 10, 2024 By Insurance Journal Staff Reports Federal prosecutors want former Georgia Insurance Commissioner John Oxendine to serve 44 months in prison and pay $700,000 in restitution...
Progressive Settles New York Case Over Unpaid Sales Taxes on Total Loss Claims July 10, 2024 By Andrew G. Simpson At the same time it is settling a New York class action about underpaying totaled loss claims for $48 million,...
California Company Recalling 1M Power Adapters Sold with Baby Sound Machines Due to Shock Hazard July 10, 2024 Due to a shock hazard, a California company is recalling nearly 1 million power adapters sold with sound machines marketed...
Houston Struggles With Beryl’s Blackouts and Searing Heat July 9, 2024 By David R. Baker and Kevin Crowley Houston is struggling through Hurricane Beryl’s chaotic aftermath, with blackouts, blocked roads, internet disruptions and spotty access to gas expected...
Southern California Wildfire Has Now Burned Nearly 27,000 Acres July 9, 2024 A Southern California wildfire that grew to be the biggest of the year is now at nearly 27,000 acres. The...