(239) 334-7727

info@benfew.com

Tag: insurance-journal

West Virginia Saw 5 Tornadoes Last Week, Double the Yearly Average
Insurance Journal | April 10, 2024
West Virginia Saw 5 Tornadoes Last Week, Double the Yearly Average
CHARLESTON, W.Va. (AP) — The National Weather Service on Monday confirmed a fifth tornado touched down during severe storms that barreled across West Virginia last week. That’s more than double the state’s average for an entire year. West Virginia saw …
US CDC Says Bird Flu Risk Low, but Asks States to Be Ready With Testing
Insurance Journal | April 10, 2024
US CDC Says Bird Flu Risk Low, but Asks States to Be Ready With Testing
The U.S. Centers for Disease Control and Prevention (CDC) said on Monday bird flu risk to the public remains low even as it asked the state public health officials to be prepared to respond. The agency asked for plans to …
National Crime Report Shows Vehicle Thefts Surged to More than 1 Million in 2023
Insurance Journal | April 10, 2024
National Crime Report Shows Vehicle Thefts Surged to More than 1 Million in 2023
It was another record-breaking year for vehicle thefts in 2023, with more than one million vehicles reported stolen – an overall increase of 1% nationwide from 2022 to 1,020,729 last year. A report from the National Insurance Crime Bureau shows …
More Data Show All Trends Pointing in Right Direction for Florida Insurers
Insurance Journal | April 10, 2024
More Data Show All Trends Pointing in Right Direction for Florida Insurers
Policyholder surplus increased significantly, direct premium written jumped, and combined ratio has fallen for Florida-focused property insurance carriers in 2023, according to a Gallagher Re report released this week. The analysis echoes some of the good news in an S&P …
People Moves: Farmers Insurance Names Coleman President of Business Insurance
Insurance Journal | April 10, 2024
People Moves: Farmers Insurance Names Coleman President of Business Insurance
Farmers Insurance Names Coleman President of Business Insurance Farmers Insurance announced that Eric Coleman has joined the organization as president of Business Insurance, effective April 10. In this role, Coleman is responsible for leading commercial underwriting, product, strategy, finance and …
Pennsylvania Issues Its ‘Expectations’ for Insurance Carriers Regarding Their Use of AI
Insurance Journal | April 10, 2024
Pennsylvania Issues Its ‘Expectations’ for Insurance Carriers Regarding Their Use of AI
Pennsylvania has issued guidance for insurance companies’ use of artificial intelligence systems (AIS) based on a model adopted by the National Association of Insurance Commissioners (NAIC). The Pennsylvania Insurance Department issued Notice 2024-04 which includes recommended best practices for how …
Boeing Crisis of Confidence Deepens With 787 Now Under Scrutiny
Insurance Journal | April 10, 2024
Boeing Crisis of Confidence Deepens With 787 Now Under Scrutiny
Boeing Co. faces a deepening crisis of confidence after an engineer at the US planemaker alleged the company took manufacturing shortcuts on its 787 Dreamliner aircraft in order to ease production bottlenecks of its most advanced airliner. Factory workers wrongly …
Markets/Coverages: Insurtech Slice Expands Contractors General Liability Insurance Offering, Backed by Philadelphia Insurance
Insurance Journal | April 10, 2024
Markets/Coverages: Insurtech Slice Expands Contractors General Liability Insurance Offering, Backed by Philadelphia Insurance
Slice Labs Inc., the New York-based insurtech that operates an on-demand insurance platform, has expanded into seven additional states and the District of Columbia with its contractors general liability insurance product for small businesses. Coverage purchased on Slice’s platform is …
Hackers Claim to Have UnitedHealth’s Stolen Data – But Is It a Bluff?
Insurance Journal | April 10, 2024
Hackers Claim to Have UnitedHealth’s Stolen Data – But Is It a Bluff?
A freshly formed hacking gang claims to have won access to a massive stash of data stolen from UnitedHealth Group, the largest U.S. health insurer, but with little evidence to go on it is not clear whether they are telling …
Deadly Blast at Enel Plant in Italy Came Amid Maintenance Work
Insurance Journal | April 10, 2024
Deadly Blast at Enel Plant in Italy Came Amid Maintenance Work
A deadly explosion Wednesday at an Enel SpA hydro-power facility in northern Italy that left at least three people dead occurred as works to renew facilities at the 1970s-era plant were concluding. The accident took place some 40 meters (131 …