Industry News

Insurance Journal

Ski Mask and Assault-Rifle Water Gun Prank Leads to Killing of Mississippi Teen

May 24, 2022 A teen in Mississippi shot and killed another teen who approached his home with a toy gun that looked like an assault rifle while wearing a ski...

Drought Will Impact Pacific Northwest This Summer, Experts Warn

May 24, 2022 Drought is expected to impact much of the Pacific Northwest this summer, including areas in eastern Washington, southern Oregon and southern Idaho, according to...

R&Q’s Accredited Europe Signs 6-Year Program Management Deal with UK Insurtech

May 24, 2022 The program manager Accredited Insurance (Europe) Ltd., the wholly owned subsidiary of Randall & Quilter Investment Holdings Ltd.,...

Markets/Coverages: NJM Introduces Commercial Package Policy in New Jersey

May 24, 2022 NJM Insurance Group is now writing commercial package policies in New Jersey with policy effective dates beginning July 1, 2022. The NJM ProPack Commercial...

Best's Reviews

Best’s Special Report: Strong Performance, New Investments Drive Growth in Insurers’ Private Equity Allocations

May 24, 2022 U.S. insurance companies’ private equity investments grew in 2021 by 25.8% to $117.4 billion, from $93...

UK Regulator Says Insurer Audits Not Always Up to Professional Standards

May 23, 2022 Auditors in the United Kingdom may not have always been applying the highest professional standards when reviewing insurance companies’ books...

Florida Lawmakers Take Up Bills With Legal, Roofing Insurance Reforms, Reinsurance Help

May 23, 2022 On the cusp of the 2022 hurricane season, Florida lawmakers began considering bills to amend laws giving the property...

Lloyd’s Execs Predict Heightened Uncertainty, Volatility, Possible Recession

May 23, 2022 Lloyd’s expects the market to experience a period of heightened uncertainty and volatility for the next 18 months due to higher inflation...

Claims Journal

Insurance Defense Counsel a New Target of Legal Malpractice Claims

May 24, 2022 The size of payouts for legal malpractice claims reached an all-time high last year, and for the first time some of those claims were made by insurers against the...

Traffic at NYC-Area Bridges and Tunnels Hits Pre-Pandemic Levels

May 24, 2022 Traffic at the Port Authority of New York and New Jersey’s bridges and tunnels has returned to pre-pandemic levels, partly due to changes in traveling habits, the...

Storms Kill at Least 8 in Canada, Leave Half a Million Without Power

May 23, 2022 The death toll from powerful thunderstorms in Canada’s two most populous provinces this weekend rose to at least eight, authorities said on Sunday, as...

Do Claims Against Musk Raise a Legal Issue for his Companies and Twitter Deal?

May 23, 2022 A report saying Tesla Inc CEO Elon Musk’s company SpaceX paid $250,000 to settle sexual harassment claims by a flight attendant on a private jet...