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Category: Insurance Journal

Insurers Hit With Thousands of Claims Following Storms and Floods in New Zealand
Insurance Journal | January 30, 2023
Insurers Hit With Thousands of Claims Following Storms and Floods in New Zealand
Major insurers operating in New Zealand including Insurance Australia Group and Suncorp Group have cumulatively received over 9,000 claims so far following severe storms and flooding in and around the biggest city, Auckland. As of Monday morning, Suncorp’s Vero and …
Filipino Workers Say Oil Company Abandoned Them in Hurricane Ida
Insurance Journal | January 30, 2023
Filipino Workers Say Oil Company Abandoned Them in Hurricane Ida
NEW ORLEANS (AP) – As Hurricane Ida struck the Louisiana Gulf Coast in August 2021, Renato Decena and Rosel Hernandez watched the storm punch a hole in the roof of the bunkhouse where they were sheltered _ abandoned, they allege, …
Twitter Asks Judge to Toss Out Proposed Sex Bias Class Action
Insurance Journal | January 30, 2023
Twitter Asks Judge to Toss Out Proposed Sex Bias Class Action
Twitter Inc. has asked a federal judge to toss out a proposed class action claiming the company targeted female employees during its recent mass layoffs, saying the plaintiffs failed to identify any actual discrimination. Twitter said the December lawsuit fails …
Musk Faces SEC Probe for Role in Tesla Self-Driving Claims
Insurance Journal | January 30, 2023
Musk Faces SEC Probe for Role in Tesla Self-Driving Claims
US regulators are investigating Elon Musk’s role in shaping Tesla Inc.’s self-driving car claims, the latest effort by watchdogs to scrutinize the actions of the world’s second-richest person. The review is part of an ongoing Securities and Exchange Commission probe …
Ford Recalls 462,000 Vehicles for Rear Camera Display Failure
Insurance Journal | January 30, 2023
Ford Recalls 462,000 Vehicles for Rear Camera Display Failure
Ford Motor Co said Friday it is recalling 462,000 vehicles worldwide because video output may fail, preventing the rearview camera image from displaying. The U.S. automaker said the recall covers some 2020-2023 model year Explorer, Lincoln Aviator, and 2020-2022 Lincoln …
Allstate’s Castle Key Plans to Drop 33,000 Condo Policies in Florida
Insurance Journal | January 30, 2023
Allstate’s Castle Key Plans to Drop 33,000 Condo Policies in Florida
At least one of Allstate Insurance group’s Florida subsidiaries plans to non-renew 33,000 Florida condominium policies, starting in June. In a notice sent to Florida agents this month, Allstate said its Castle Key subsidiary had sent a letter Jan. 11 …
People Moves: California Commissioner Appoints Members to Statewide Boards
Insurance Journal | January 30, 2023
People Moves: California Commissioner Appoints Members to Statewide Boards
California Insurance Commissioner Ricardo Lara appointed Carolyn Wysinger as the newest member to the California Automobile Assigned Risk Plan Advisory Committee, and April Savoy, Patrick Wong, and Peter Guastamachio as members on the California Insurance Guarantee Association Board of Governors. …
2 Big Cannabis Insurance Providers Say Losses from California Storms Not as Bad as Feared
Insurance Journal | January 27, 2023
2 Big Cannabis Insurance Providers Say Losses from California Storms Not as Bad as Feared
Just how big an impact the recent historic California storms had on the state’s cannabis industry is still coming into focus, and while two of the biggest players in California’s cannabis insurance market are starting to see upticks in claims, …
Wisc. Court: Homicide Conviction Doesn’t Mean Baby’s Death Wasn’t an Accident
Insurance Journal | January 27, 2023
Wisc. Court: Homicide Conviction Doesn’t Mean Baby’s Death Wasn’t an Accident
The mother of a baby girl who was killed by her father may pursue a claim against the father’s insurer because of unresolved questions, including whether the death was an accident, a divided Wisconsin Supreme Court ruled Thursday. In a …
Inszone Acquires Texas’ Austin Insurance
Insurance Journal | January 27, 2023
Inszone Acquires Texas’ Austin Insurance
Inszone Insurance Services announced the acquisition of Austin Insurance. Established in 2005 by Cole Austin, Austin Insurance has provided insurance services in Grand Prairie, Texas for over a decade. Operations for Austin Insurance will continue under Inszone Insurance’s Dallas location. …