Industry News

Insurance Journal

California Sees Two More Property Insurers Withdraw From Market

Apr 18, 2024 California’s already strained property insurance market is facing a new challenge as two more insurers, Tokio Marine America Insurance Co. and Trans Pacific...

Marsh McLennan Reports Better Than Expected First Quarter Profit

Apr 18, 2024 Marsh McLennan reported a better-than-expected quarterly profit on Thursday, helped by an increase in interest income the insurance brokerage earned from funds...

CFC Acquires Solution Underwriting in Australia

Apr 18, 2024 CFC, the London-based specialist insurer, announced it has agreed to acquire Australian managing general agent, Solution Underwriting. Financial details of the deal, which is...

Investor Climate Group Sets Target for Assets in Private Equity, Debt

Apr 18, 2024 The world’s leading group of asset owners committed to turning their investment portfolios green said on Thursday it had set guidance for private...

Claims Journal

California Sees Two More Property Insurers Withdraw From Market

Apr 18, 2024 California’s already strained property insurance market is facing a new challenge as two more insurers, Tokio Marine America Insurance Co. and Trans Pacific...

United Airlines Says Boeing to Compensate for Damages Caused by MAX 9 Grounding

Apr 18, 2024 United Airlines will receive compensation from planemaker Boeing for financial damages incurred in the first quarter due to the grounding of 737 MAX 9...

Smartmatic, One America News Settle Election Defamation Lawsuit

Apr 18, 2024 Smartmatic has settled a lawsuit accusing right-wing television network One America News of defamation by falsely claiming that the voting technology company rigged...

Bayer Pushes Legislation in Multiple States for Legal Shield Against Lawsuits

Apr 18, 2024 Stung by paying billions of dollars for settlements and trials, chemical giant Bayer has been lobbying lawmakers in three states to pass bills providing...

Best's Reviews

Generali Approves New Organizational Structure

Apr 18, 2024 The board of directors of Generali said it has approved a new organizational structure to reflect the group’s main activities, as proposed by Philippe Donnet, group...

MGA Macquarie Insurance Facility Gets Approval as Lloyd's Coverholder in Expansion

Apr 18, 2024 Managing general agent Macquarie Insurance Facility has been approved as a Lloyd's coverholder and will partner with Mosaic...

California Bill Would Require Insurers to Consider Fire Mitigation When Setting Coverage, Rates

Apr 18, 2024 The American Property Casualty Insurance Association is urging California lawmakers to slow down on legislation that...

PIA Backs Backs Measure in Congress Bringing Back Inflation Adjustment for Crop Insurance

Apr 18, 2024 The National Association of Professional Insurance Agents is backing a bipartisan measure in Congress that would reinstate...