Zurich Insurance Group expects a net $550 million pre-tax hit from Hurricane Ian, Europe’s fifth-largest insurer said on Thursday, though it remains on track to beat its 2020-2022 financial targets, helped by premium rate rises. Insurers face potential losses of …
The data breach at Medibank Private Ltd. could cost the Australian health insurer A$700 million ($450 million) if customers decide to sue for damages after personal medical details were posted to a forum on the dark web, according to Bloomberg …
Global securities regulators proposed closer scrutiny of carbon trading on Wednesday to deepen liquidity and prevent greenwashing in markets used by companies to offset their emissions to drive the transition to a net-zero economy. The International Organization of Securities Commissions …
The Liberty Co. Insurance Brokers, based in Gainesville, Florida, has named Douglas Choi vice president for risk management and program underwriting. Choi spent 15 years with carriers, including several with Travelers and Nationwide, before moving to the broker side. This …
Reports about the risk of carcinogens in Zantac heartburn medications may be piling up, and lawsuits over the discontinued drug have topped more than 100,000 nationwide. But a proposed class action involving dozens of plaintiffs has now been been dismissed …
Circle K’s deal with Green Thumb Industries to sell cannabis at some of its Florida gasoline retail locations may be a sign the industry has finally crossed any remaining mainstream barriers. Green Thumb CEO Ben Kovler told Bloomberg the deal …
Wildlife officials in Connecticut are warning residents against feeding bears particularly over the next few months as the animals step up their hunt for the extra food they will need before hibernating for the winter. According to the Connecticut Department …
Former Georgia Insurance Commissioner John Oxendine denies knowingly being involved in any fraud scheme and has moved to have the criminal charges brought against him dismissed. A November 4 defense filing in federal court in Atlanta claims that the indictment …
The Workers’ Compensation Insurance Rating Bureau of California released its 2022 WCIRB Geo Study, which underscores regional differences in claim characteristics across California. Key findings include: Even after controlling for regional differences in wages and industry mix, indemnity claim frequency …
Attorney General Bob Ferguson announced that a Thurston County Superior Court judge rejected an attempt by PEMCO Mutual Insurance Company and subsidiaries of the Progressive Corporation to stop his office’s investigation of potential race discrimination against Washington drivers. The companies …
