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Category: Insurance Journal

Is Trampoline Job Landscape Work? A.I. Says Yes. 11th Circuit Says it’s Not Covered
Insurance Journal | May 30, 2024
Is Trampoline Job Landscape Work? A.I. Says Yes. 11th Circuit Says it’s Not Covered
Is the installation of an in-ground trampoline considered landscaping work, covered by a landscaper’s liability insurance policy? Artificial intelligence programs suggest that it is. But human judges with the 11th U.S. Circuit Court of Appeals believe otherwise, despite one of …
New Language in California Budget Seeks to Expedite Insurance Rate Filing Approvals
Insurance Journal | May 29, 2024
New Language in California Budget Seeks to Expedite Insurance Rate Filing Approvals
Insurers are praising new trailer bill language in the California budget that promises to expedite the home and auto insurance rate filing approval process. California Gov. Gavin Newsom first made the proposal to speed up the rate filing process while …
Chicago Man Convicted of Murder Based on Blind Witness’ Testimony Sues City, Police
Insurance Journal | May 29, 2024
Chicago Man Convicted of Murder Based on Blind Witness’ Testimony Sues City, Police
CHICAGO (AP) — A Chicago man convicted of murder based in part on testimony from a legally blind eyewitness is suing the city and the police department. A judge convicted Darien Harris in 2014 in connection with a fatal shooting …
Relation Insurance Services Acquires Oklahoma’s First Insurance
Insurance Journal | May 29, 2024
Relation Insurance Services Acquires Oklahoma’s First Insurance
Relation Insurance Services acquired the assets of First Insurance an Affiliate of FirstBank, Inc. The transaction went into effect on April 1, 2024; terms of the transaction were not disclosed. First Insurance, based in Durant, Oklahoma, offers commercial and personal …
Nicotine-Like Chemicals in US Vapes May Be More Potent Than Nicotine, FDA Says
Insurance Journal | May 29, 2024
Nicotine-Like Chemicals in US Vapes May Be More Potent Than Nicotine, FDA Says
Nicotine alternatives used in vapes being launched in the U.S. and abroad, such as 6-methyl nicotine, may be more potent and addictive than nicotine itself, though the scientific data remains incomplete, according to the U.S. Food and Drug Administration (FDA) …
Power Restored to Majority of Houston Residents Affected by Deadly Storms
Insurance Journal | May 20, 2024
Power Restored to Majority of Houston Residents Affected by Deadly Storms
HOUSTON (AP) — Houston area residents affected by deadly storms last week received some good news as officials said power was restored Sunday to a majority of the hundreds of thousands who had been left in the dark and without …
Arizona Wildfire Growing Amid Windy Conditions
Insurance Journal | May 20, 2024
Arizona Wildfire Growing Amid Windy Conditions
A wildfire has led the U.S. Forest Service to shut down a portion of the Tonto National Forest has grown to more than 14,000 acres. The Wildcat Fire increased in size because of windy weather conditions Sunday, prompting the Tonto …
Chicago Tribune Faces Suit Over Alleged Pay Disparities Among Women and Black Journalists
Insurance Journal | May 20, 2024
Chicago Tribune Faces Suit Over Alleged Pay Disparities Among Women and Black Journalists
CHICAGO (AP) — The Chicago Tribune is being sued by some of its staffers, who say they and other women and Black journalists are being paid less than their white male counterparts. The complaint filed Thursday in federal court in …
Howden Buys Microinsurance Specialist That Offers Cover for LatAm Underinsured
Insurance Journal | May 20, 2024
Howden Buys Microinsurance Specialist That Offers Cover for LatAm Underinsured
Howden, the London-based insurance intermediary group, announced the acquisition of MiCRO, a microinsurance specialist that designs and implements parametric insurance coverage for underserved populations in Latin America against natural catastrophes. Financial details of the deal were not disclosed. The acquisition …
Houston Windstorm Causes Preliminary Economic Loss of $5-7B: AccuWeather
Insurance Journal | May 20, 2024
Houston Windstorm Causes Preliminary Economic Loss of $5-7B: AccuWeather
The destructive windstorm that blew out windows in downtown Houston and left hundreds of thousands of southeast Texas residents without power caused upwards of $5-7 billion in total damage and economic loss, according to preliminary estimates by AccuWeather. Thousands of …