Court Siding With Merck Over War Exclusion for Cyber Attack a Warning to Insurers February 4, 2022 By Chad Hemenway Last month the Superior Court of New Jersey ruled insurers cannot use a policy exclusion to avoid covering about $1.4...
NASA: Earth’s Temperature in 2021 Was 1.5 Degrees F Above Baseline February 3, 2022 By Don Jergler Earth’s global average surface temperatures in 2021 were 1.5 degrees Fahrenheit (0.85 degrees Celsius) above the average for NASA’s baseline...
Last Chance: Share Your Thoughts on Agency Compensation Trends Now February 3, 2022 Tomorrow is the last day to participate in Insurance Journal’s annual Agency Salary Survey. Survey respondents receive a complimentary copy...
Kemper Eyes Rate Hikes, Agency Cancellations to Regain Footing After Q4 Fall February 3, 2022 Kemper Corp. said it is taking rating and other actions, including canceling some agents, as it seeks to recover from...
Q4 Net Income Drops 50% for Allstate on Higher Auto Claims February 3, 2022 Allstate Corp. said fourth quarter 2021 net income plummeted 50% compared to results of the prior year quarter as auto...
Traffic Fatalities Continue on Record Pace But Not in All States February 3, 2022 By Hope Yen The number of U.S. traffic deaths surged in the first nine months of 2021 to 31,720, the government reported Tuesday,...
Sacklers Close to Agreement Increasing Opioid Settlement in Purdue Bankruptcy February 3, 2022 By Tom Hals and Mike Spector Members of the Sackler family who own Purdue Pharma LP are nearing an agreement to boost their more than $4...
FAA Expects Addressing Safety Issues to Cause Only ‘Minimal Disruptions’ to Air Travel February 3, 2022 By David Shepardson The Federal Aviation Administration (FAA) is confident that aviation safety concerns about 5G C-Band deployment will be addressed “safely with...
Metromile Shareholders Approve Acquisition by Lemonade February 2, 2022 Metromile said its stockholders have approved its acquisition by digital insurer Lemonade. The transaction is expected to close in the...
Use of Fertilizer Behind Explosions, Fires Declines Due to High Risks February 2, 2022 By Elizabeth Elkin The nitrogen fertilizer causing a stir over imminent danger of explosion in North Carolina has been fading from the U.S....