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Category: Insurance Journal

Businesses Do Not Have Proper Coverage for Rising Liability Losses, Says Chubb
Insurance Journal | June 20, 2024
Businesses Do Not Have Proper Coverage for Rising Liability Losses, Says Chubb
An annual report from Chubb has revealed a couple of troubling trends for many businesses—the frequency and severity of large losses are up and companies are underestimating the amount of liability coverage they need. “The delta between liability loss-cost trend …
Survey: Most Homeowners Believe Their Policy Covers Flood
Insurance Journal | June 20, 2024
Survey: Most Homeowners Believe Their Policy Covers Flood
Most U.S. homeowners don’t know the policy covering their home doesn’t cover flooding, a new survey shows. Respondents in a survey out this week from Trusted Choice, a group representing the members of the Independent Insurance Agents & Brokers of …
Car Dealerships Across US Halt Services After Cyberattack
Insurance Journal | June 20, 2024
Car Dealerships Across US Halt Services After Cyberattack
Thousands of car dealerships were ground to a halt during a normally busy holiday Wednesday by a cyber incident at CDK Global, a major software provider for dealers across the US. The company “shut all systems down and executed extensive …
Northern California Wildfire at 15K-Plus Acres, Containment Grows on Fire in South
Insurance Journal | June 19, 2024
Northern California Wildfire at 15K-Plus Acres, Containment Grows on Fire in South
A wildfire is raging through a large swath of western Sacramento Valley after igniting on Monday and spreading to 15,656 acres. Evacuations were ordered in rural areas around the Sites Fire in Colusa County, which is burning roughly 70 miles …
New Mexico Wildfires Spread to 20,000 Acres, Forcing Thousands to Evacuate
Insurance Journal | June 19, 2024
New Mexico Wildfires Spread to 20,000 Acres, Forcing Thousands to Evacuate
A pair of wildfires in New Mexico have spread to more than 20,000 acres, forcing thousands of people to evacuate and leaving one person dead. The South Fork and Salt fires have grown to more than 20,000 acres (16,335 for …
Tropical Storm Alberto to Bring Flooding to Coastal South Texas
Insurance Journal | June 19, 2024
Tropical Storm Alberto to Bring Flooding to Coastal South Texas
Tropical storm Alberto has caused flooding and more than three feet of storm surge in parts of coastal south Texas but is not expected to strengthen to hurricane force, meteorologists say. Alberto is the first named storm of the 2024 …
Over 1,300 North Dakotans Targeted in Deceptive Insurance Solicitation Scheme
Insurance Journal | June 19, 2024
Over 1,300 North Dakotans Targeted in Deceptive Insurance Solicitation Scheme
North Dakota Insurance Commissioner Jon Godfread has issued a cease-and-desist order against three companies for distributing deceptive materials to North Dakota consumers. The documents sent replicated an Internal Revenue Service (IRS) tax form requesting recipients to provide personal information. The …
People Moves: Alliant Grows Midwest Benefits Team with Richard as VP, Schmidt as SVP
Insurance Journal | June 10, 2024
People Moves: Alliant Grows Midwest Benefits Team with Richard as VP, Schmidt as SVP
Alliant Insurance Services, headquartered in Irvine, California, expanded its Midwest team by adding Matt Richard as vice president and Tricia Schmidt as senior vice president within its employee benefits group. Richard, based in Kentucky, has more than 20 years of …
US Supreme Court to Hear Facebook Bid to Scuttle Shareholder Lawsuit
Insurance Journal | June 10, 2024
US Supreme Court to Hear Facebook Bid to Scuttle Shareholder Lawsuit
The U.S. Supreme Court agreed on Monday to hear a bid by Meta’s Facebook to scuttle a private securities fraud lawsuit accusing the social media platform of misleading investors in 2017 and 2018 about the misuse of its user data …
Supreme Court Seeks U.S. Government Views on Honolulu Climate Suit Against Oil Companies
Insurance Journal | June 10, 2024
Supreme Court Seeks U.S. Government Views on Honolulu Climate Suit Against Oil Companies
The U.S. Supreme Court on Monday asked President Joe Biden’s administration to offer its views on a bid by Sunoco and other oil companies to scuttle a lawsuit by Honolulu accusing them of deceiving the public about climate change. The …