insurance-journal – Page 7 – Ben Few & Company, Inc.

Insurance Journal | December 27, 2024

Pittsburgh Regional Transit Dealing With Ransomware Attack

Pittsburgh Regional Transit (PRT) has reported it is responding to a ransomware attack that was first detected on December 19, a day when the rail service experienced temporary disruptions. Upon discovering the incident, PRT said it immediately launched an investigation, …

Insurance Journal | December 27, 2024

Root Expands to Minnesota

Root has announced the availability of Root Insurance in Minnesota. The insurer now serves drivers in 35 states, extending its auto insurance offering to over 4 million registered drivers in Minnesota and covering more than three-quarters of the U.S. population. …

Insurance Journal | December 27, 2024

Inszone Acquires Texas-Based Roten & Company Insurance

Inszone Insurance Services announced the acquisition of Roten & Company Insurance, a longstanding family-owned and operated insurance agency based in San Antonio, Texas. This acquisition strengthens Inszone’s footprint in Texas and enhances its ability to deliver personalized insurance solutions to …

Insurance Journal | December 20, 2024

Global Warming Can’t Be Ignored, Montana’s Top Court Says, Upholding Landmark Climate Case

Montana’s Supreme Court upheld a landmark climate ruling that said the state was violating residents’ constitutional right to a clean environment by permitting oil, gas and coal projects without regard for global warming. The justices, in a 6-1 ruling, rejected …

Insurance Journal | December 20, 2024

Chicago Restaurant Owners to Pay $125K in Overtime Back Wages

The U.S. Department of Labor obtained a consent judgment and order in the U.S. District Court for the Northern District of Illinois on Dec. 2, 2024, that requires D’Nuez Corp. and owners Antonio Rendon and Albino Rendon – operators of …

Insurance Journal | December 20, 2024

Swiss Re’s Business Unit CEOs Share Views on Key Risk Themes of 2025

Social inflation will continue to be a top concern for insurers and reinsurers in 2025 with US liability claims increasing by 57% during the past decade and nuclear verdicts rising in frequency, said Swiss Re, pointing to jury awards above …

Insurance Journal | December 20, 2024

Tesla Recalls Nearly 700,000 Vehicles in Over Tire Pressure Monitoring Issue

Tesla said on Friday it was recalling 694,304 vehicles in the United States over an issue with the tire pressure monitoring system (TPMS). The TPMS warning light may not remain illuminated between drive cycles, failing to warn the driver of …

Insurance Journal | December 20, 2024

Liberty Mutual Weighs Sale of Thailand, Vietnam Assets

Liberty Mutual Holding Co. is considering a sale of its businesses in Thailand and Vietnam as the US insurer seeks to streamline its operations, according to people familiar with the matter. Liberty Mutual is working with a financial adviser on …

Insurance Journal | December 20, 2024

Safeco to Stop Writing New Condo and Renter Policies in California

It appears another insurance carrier is turning sour on wildfire-prone California. Safeco, a Liberty subsidiary, is preparing to stop writing new condo and rental policies in California at the beginning of next year. Liberty stopped writing new condo or rental …

Insurance Journal | December 20, 2024

Cleveland Clinic Plans New Hospital, Larger Outpatient Center in South Florida

The Cleveland Clinic, a health care system with hospitals and clinics around the world, said it plans to build a 150-bed hospital in the Palm Beach area and will quadruple the size of an outpatient clinic there. Cleveland has operated …

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