News Center
News Archives - Insurance Journal
UK Firms Told to ‘Urgently Review’ Green Claims Amid Crackdown Firms operating in the UK are being advised to go through any products and services around which some sort of sustainability claim has been made, to ensure they’re not in the crosshairs of a regulatory crackdown that’s due to take …
POSTED APRIL 24, 2024 10:13 AM |
Republican Senators FARMER Act to Boost Crop Insurance Coverage Republican senators this month introduced legislation they say would increase support for crop insurance and make higher levels of coverage more affordable to farmers. Sen. John Hoeven (R-N.D) proposed the Federal Agriculture Risk Management Enhancement and Resilience (FARMER) Act, an …
POSTED APRIL 24, 2024 10:00 AM |
Catastrophe Monitoring Firm ICEYE Completes $93 Million Funding Round ICEYE, the microsatellite manufacturer and catastrophe monitoring company, announced definitive agreement signed for an oversubscribed $93 million growth funding round. The financing will further accelerate investment in the world’s largest constellation of synthetic aperture radar (SAR) satellites and expand the …
POSTED APRIL 24, 2024 9:29 AM |
Cleveland to Pay $4.8M to Family of 13-Year-Old Killed During Police Chase CLEVELAND (AP) — Cleveland will pay $4.8 million to the family of a 13-year-old girl killed when a stolen car driven by a teenage carjacker jumped a curb during a police pursuit and struck her. The settlement attorneys for the …
POSTED APRIL 24, 2024 8:00 AM |
China’s Ping An Insurance Reports 4.3% Drop in Q1 Net Profit Ping An Insurance’s first-quarter net profit fell 4.3%, hit by shrinking returns from property and casualty insurance as well as its asset management operations, the Chinese insurance giant reported on Tuesday. Turbulence in China’s stock market, declining interest rates and …
POSTED APRIL 24, 2024 7:55 AM |
UK’s Jensten Acquires Lift and Escalator Specialist Broker Robert Gerrard & Co. Jensten is set to further scale its scheme and affinities business with the acquisition of UK broker Robert Gerrard & Co. The deal, which is subject to regulatory approval, will introduce a dedicated team of 19 professionals and an office …
POSTED APRIL 24, 2024 7:32 AM |
Standard Chartered Faces £1.5 Billion UK Claim in Iran Sanction Case Standard Chartered Plc is facing about £1.5 billion ($1.9 billion) worth of investor claims at a London trial over allegations it systematically breached Iranian sanctions to win new business. A London judge ruled on Friday [April 19] that the trial, …
POSTED APRIL 24, 2024 6:55 AM |
Jury Awards $80M to 3 Former Zurich NA Employees for Wrongful Termination Zurich North America was ordered by a California jury to pay three former employees a total of about $80.2 million to end a wrongful termination case earlier this month. Melinda Brantley, Nicholas Lardie, and Daniel Koos worked as claims examiners …
POSTED APRIL 24, 2024 5:43 AM |
CEO Viewpoint: Unlocking the Potential of Generative AI in Insurance Generative artificial intelligence (AI) has sparked a lot of interest from insurers and reinsurers because of its potential to revolutionize innovation, cut costs and improve the customer experience. Generative AI (or “Gen AI”) is the term used for technology that …
POSTED APRIL 24, 2024 5:02 AM |
AM Best Places Credit Ratings of GeoVera Insurance Group Members Under Review AM Best placed under review with developing implications the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a” (Excellent) of the members of GeoVera Insurance Group in Fairfield, California. Coastal Select Insurance …
POSTED APRIL 24, 2024 5:00 AM |
NOTICE: The links and articles found on or within this news center are simply for informational purposes that we believe may be of benefit to our clients and/or website visitors. By providing these links on our website, we are not recommending or endorsing the use of the particular products or services these third parties offer. Nor does Owen & Associates, LLC confirm, corroborate or agree to the statistics or opinions on these links and articles. We urge you to review each website’s Privacy Policy, Disclaimers, and develop an independent opinion of the service or product for any link pursued.
|