Industry News

Insurance Journal

People Moves: XPT Specialty Expands with Industry Veteran

Apr 25, 2024 XPT Specialty, headquartered in New Haven, Connecticut, hired Jody Travis as vice president and senior underwriter in its Houston office. Travis has over 30 years of...

DHL to Pay $8.7M to Settle Race Discrimination Lawsuit in Illinois

Apr 25, 2024 Delivery company DHL will pay $8.7 million and be subject to the oversight of a court-appointed monitor to settle a class race discrimination lawsuit filed by...

Houston Deputy Dies After Being Hit by Truck While Helping During Accident

Apr 25, 2024 HOUSTON (AP) — A deputy who was a 20-year-veteran of a Houston-area sheriff’s office died Tuesday after being hit by a truck while trying to...

Chubb CEO Greenberg: Some Financial Lines Underwriting Practices ‘Simply Dumb’

Apr 25, 2024 According to Chubb CEO Evan G. Greenberg, the insurance industry’s underwriting practices for a number of financial lines are “simply...

Best's Reviews

LIMRA: US Annuity Sales Jump 21% in the First Quarter

Apr 25, 2024 Total first-quarter U.S. annuity sales of $113.5 billion increased 21% above the previous year's quarter, according to preliminary results from LIMRA's U.S....

Ariel Re, Hiscox Re & ILS Launch Event-Based Cyber Catastrophe Consortium

Apr 25, 2024 Specialty reinsurer Ariel Re and Hiscox Re & ILS launched CyberShock, a cyber catastrophe consortium offering up to $50 million of...

WTW Posts Lower First-Quarter Net Income on Transformation, Compensation Costs

Apr 25, 2024 WTW posted lower first-quarter net income on lower cash flow related to transformation and discretionary compensation benefits costs...

Claims Journal

‘It’s in the Mail’ Not Good Enough to Contest Connecticut Workers’ Comp Claim

Apr 25, 2024 A Connecticut employer lost its right to contest a workers’ compensation claim because although it mailed its notice to the workers compensation...

4,800 Claims Handled by Unlicensed Adjusters in Florida After Irma, Lawsuit Says

Apr 25, 2024 Two south Florida lawsuits against property insurers argue that two major carriers employed a business strategy of hiring inexperienced or even...

Survey: Most Small Businesses Provide Regular Safety Training to Employees

Apr 25, 2024 A new report on small business owners’ workers’ compensation insurance-buying habits and risk exposures found that 95% offer regular safety...

Farm Bureau Must Defend Insured in Deadly Legionnaires’ Disease Outbreak in Carolina

Apr 25, 2024 What started out as festive time at the North Carolina Mountain State Fair in 2019 ended with 96 people hospitalized with Legionnaires’...