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CCC: Severe Weather Impacting Collision Repair, Auto Insurance
Insurance Journal | July 1, 2024
CCC: Severe Weather Impacting Collision Repair, Auto Insurance
The auto insurance and repair industry must “adapt to new patterns and prepare for an unpredictable future,” according to the Crash Course Q2 2024 report released by CCC Intelligent Solutions Inc., a P/C cloud platform provider. The latest report focuses …
Cancer Victims Lose Bid to Block Proposed J&J Talc Bankruptcy
Insurance Journal | July 1, 2024
Cancer Victims Lose Bid to Block Proposed J&J Talc Bankruptcy
A federal judge on Friday rejected a bid by a group of cancer victims to block Johnson & Johnson from pursuing a proposed bankruptcy settlement of tens of thousands of lawsuits alleging the company’s baby powder and other talc products …
NYC Has the World’s Worst Traffic Congestion, Costing $9 Billion
Insurance Journal | July 1, 2024
NYC Has the World’s Worst Traffic Congestion, Costing $9 Billion
New York City is the world’s most-congested urban area for the second year in a row, costing the city an estimated $9.1 billion in lost time, a new report shows. A typical motorist driving through the most populated city in …
Changes at American Coastal Insurance After Florida OIR Action on ‘No-Fly List’
Insurance Journal | July 1, 2024
Changes at American Coastal Insurance After Florida OIR Action on ‘No-Fly List’
Florida regulators’ effort to enforce a 2002 state law and keep insolvent insurers’ officers out of carrier leadership roles appears to be a reason behind a significant shakeup at St. Petersburg-based American Coastal Insurance Corp. An official with Florida’s Office …
Report: Combined California Workers’ Comp Losses and Expenses Down in 2023
Insurance Journal | July 1, 2024
Report: Combined California Workers’ Comp Losses and Expenses Down in 2023
Total insurer combined losses and expenses incurred in 2023 were down, a new report shows. The Workers’ Compensation Insurance Rating Bureau of California released its report on workers’ compensation losses and expenses for 2023. Findings in the WCIRB report, 2023 …
People Moves: Higginbotham Promotes Russell to President, Private Client Services
Insurance Journal | June 28, 2024
People Moves: Higginbotham Promotes Russell to President, Private Client Services
Higginbotham announced the promotion of long-time executive team member and former Chief Operating Officer, Personal Insurance Mary Russell to the position of President, Private Client Services. This move marks the final division of the president title that Higginbotham Chairman and …
Texas Health System Loses COVID-19 Business Interruption Suit – 5th Circuit
Insurance Journal | June 28, 2024
Texas Health System Loses COVID-19 Business Interruption Suit – 5th Circuit
A Texas nonprofit health system who purchased a specialized commercial property insurance policy is not covered for business interruption losses caused by COVID-19, a 5th Circuit Court of Appeals panel ruled, relying on existing precedent that COVID-19 does not physically …
A Potential Atlantic Hurricane Is About to Clash With a Cloud of Saharan Dust
Insurance Journal | June 28, 2024
A Potential Atlantic Hurricane Is About to Clash With a Cloud of Saharan Dust
A cluster of thunderstorms is threatening to become the Atlantic’s next tropical storm or hurricane — if it can survive a cloud of dust from the Sahara. The storms southwest of the Cape Verde islands have a 70% chance of …
Supreme Court Overturns Chevron Rule in Blow to Regulators
Insurance Journal | June 28, 2024
Supreme Court Overturns Chevron Rule in Blow to Regulators
A divided US Supreme Court threw out a decades-old legal doctrine that empowered federal regulators to interpret unclear laws, issuing a blockbuster ruling that will constrain environmental, consumer and financial-watchdog agencies. The 6-3 decision, which came in a fight over …
Growing Wildfires in New Mexico Destroyed 1,400 Structures
Insurance Journal | June 20, 2024
Growing Wildfires in New Mexico Destroyed 1,400 Structures
A pair of wildfires in New Mexico continue to rage uncontained, destroying an estimated 1,400 structures, forcing the evacuation of more than 8,000 people, while rains also flooded parts of the state. The Salt and South Fork fires have burned …