Delaware lawmakers are expected to vote as soon as next week to overhaul the state’s corporate law to protect its business-friendly reputation, but opponents have called the bill a giveaway to billionaires. The bill makes it hard for investors to …
Delaware Corporate Law Reform Heads to Final Vote Amid Criticism It Favors Billionaires Read More »
Approximately 170,000 properties were potentially impacted by the severe outbreak across the Midwest and Mississippi Valley, in addition to wildfires and dust storms across the Southern Plains, CoreLogic said. The early season tornado outbreak over March 13-16 spawned at least …
CoreLogic: Approximately 170K Properties Potentially Impacted by Severe Storms Read More »
RiverStone International has signed an agreement with Lyft subsidiary Pacific Valley Insurance Co. to provide a loss portfolio transfer reinsurance for a commercial auto liability portfolio. The deal is effective from Jan. 1, 2025. Guy Carpenter was the broker of …
Riverstone in Loss Portfolio Transfer Deal With Lyft Subsidiary Read More »
The European Union’s law enforcement agency cautioned Tuesday that artificial intelligence is turbocharging organized crime that is eroding the foundations of societies across the 27-nation bloc as it becomes intertwined with state-sponsored destabilization campaigns. The grim warning came at the …
AI Is Turbocharging Organized Crime, EU Police Agency Warns Read More »
Munich Re said it has acquired Next Insurance, which will become part of the reinsurer’s major primary insurance business, Ergo. The agreement in place values Next Insurance at $2.6 billion. Ergo already owned nearly 30% of the digital insurance company’s …
Ergo Enters US Small Business Insurance Market With Full Buy of Next Insurance Read More »
Greenpeace has been ordered to pay more than $660 million in damages to Energy Transfer Partners LP after the Texas-based oil company accused the environmental group of defamation in connection with protests against an oil pipeline almost a decade ago. …
Greenpeace to Pay $660 Million in Damages to Texas Oil Firm Read More »
Are you a young insurance agent, 40 years old or younger? Do you know a young insurance agent? Insurance Journal is once again looking for young insurance agents to participate in this year’s Young Insurance Agents Opinion Survey. Tell us …
Young Insurance Agents – Share Your Thoughts About the Industry Today Read More »
A new report identifying commercial litigation waves likely to pick up steam in 2025 highlights one particular theme that could further lengthen the tail of general liability claims for insurers writing policies for contractors and builders. The 2025 “Commercial Litigation …
Contractors Insurance Alert: Construction Defect Lawsuits Rising Read More »
A grand jury for Baltimore County has handed down an indictment charging Michael C. Okolo, of Parkville, Maryland, with theft of property valued at $100,000 or more. This is the third time since September 2024 that Okolo has been indicted …
Third Time’s No Charm as Insurance Agent Is Charged Again Read More »
Unlicensed adjusters can work in three Kentucky counties once they register on temporary basis, the state’s insurance commissioner decreed after wind events caused serious damage in the northern part of the state. “The commissioner is allowing temporary registration for unlicensed, …
Kentucky Allows Unlicensed Adjusters in Three Counties After Storms Batter State Read More »
