Wed.Apr 30, 2025

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Co-op Is Latest British Retailer to Be Hit by Cyber Attack

Insurance Journal

Britain’s Co-op Group said on Wednesday hackers had attempted to break into its systems, the second high-profile cyber attack on a major UK retailer in as many weeks, following an ongoing incident at Marks & Spencer.

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7 Policies Electrical Manufacturers Need To Protect Their Business 

Central Insurance

Electrical manufacturers face unique risks. From product liability to cyber threats, learn how specialized protection, proactive loss control, and an experienced insurance partner can help safeguard your electrical manufacturing business. The post 7 Policies Electrical Manufacturers Need To Protect Their Business appeared first on Central Insurance Blog.

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Insured Losses Could Hit $145B in 2025, Driven by Rising Claims From Secondary Perils

Insurance Journal

Global insured losses from natural catastrophes hit US$137 billion in 2024, following the 5%-7% annual growth rate that has been the norm in recent years, according to Swiss Re analysis.

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Understanding the Total Constructive Loss Doctrine in Property Insurance Policies

Property Insurance Coverage Law

Hugh Woods 1994 University of Miami Law Review comment,The Insurance Fallout Following Hurricane Andrew:Whether Insurance Companies Are Legally Obligated toPay for Building Code Upgrades Despite the Ordinance OrLaw Exclusion Contained in Most Homeowners Policies, 1is an important discussion about the constructive total loss doctrine at the center of the post-Hurricane Andrew coverage fights.

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Leverage Trellis Court Data To Identify More Investment Opportunities

Finance teams find Trellis to be particularly effective in conducting comprehensive due diligence on both individuals and businesses. With our court data solution, financial experts can access critical litigation insights, making it an invaluable resource for informed decision-making in the financial sector.

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UK Warned Cuts to Flood Defense Are Too Dangerous to Consider

Insurance Journal

The UK should spare flood defense programs from budget cuts to be announced in June, as the country is already woefully unprepared for worsening disasters linked to climate change, a government adviser has said.

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Aspen Specialty Settles With Condo in $11M Nashville Bombing Coverage Dispute

Insurance Journal

Aspen Specialty Insurance Co. has reached a settlement with the owners of a Nashville condominium building that was badly damaged in the Christmas Day bombing in 2020. The terms of the settlement were not disclosed.

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How to Build a Workers’ Comp Program That Runs Itself: The Power of Systematized Communication

AMAXX

Managing workers compensation can feel like playing whack-a-mole. One day its a delayed report, the next its an escalating claim or a frustrated injured worker. The constant firefighting leaves little time for strategic thinking. But what if your program could largely run itself not by adding complexity, but by simplifying and systematizing communication ?

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Companies Count the Costs After Blackout in Spain and Portugal

Insurance Journal

As factories, stores and hotels across Spain and Portugal gradually returned to normal on Tuesday after a huge blackout the day before, business associations and companies began counting the cost.

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Pool Safety Tips for Homeowners: Stay Cool and Covered This Summer

TGS

TGS Insurance Blog Theres nothing like a pool to turn your backyard into a summer paradisebut its not all fun and floaties. Home pools come with serious responsibilities, especially when it comes to keeping everyone safe and protecting yourself from potential liability. Whether youre a new pool owner or a seasoned cannonball enthusiast, these pool safety tips for homeowners will help you swim through summer with peace of mindand coverage that holds water. 1.

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Take the Hassle Out of Claims Management

Insurance professionals use Trellis to streamline claims management by analyzing legal trends, predicting outcomes, and strategizing effectively to serve clients better. Adjusters can evaluate claim validity, estimate settlement amounts, and identify potential litigation risks. Trellis' extensive State Trial Court Data can be leveraged to identify opposing/outside counsel and top mediators for insurance matters, evaluate the risk of new claims by viewing similar claim litigation history, and mor

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People Moves: SiriusPoint Taps AIG’s Gibson as International Chief Underwriting Officer; Howden Appoints McLaughlin From Chaucer to Lead Howden Re Miami

Insurance Journal

This edition of International People Moves details appointments at SiriusPoint and Howden. A summary of these new hires follows here. SiriusPoint Taps AIG’s Gibson as International Chief Underwriting Officer SiriusPoint Ltd.

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Summer Reset: Refreshing Family Routines, Schedules, and Spending Habits

Top Insurance Blogs

Summer holds the promise of unstructured afternoons, backyard adventures, and memories made in the everyday. But with kids home more, schedules in flux, and spending often on the rise, its easy to feel like things are spiraling before the season has even started. A summer reset is a chance to bring your family back to […] The post Summer Reset: Refreshing Family Routines, Schedules, and Spending Habits appeared first on My Top Insurance Blogs.

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Bill to Address California Wildfire And Insurance Crises Moving Through Legislature

Insurance Journal

A California Assembly committee advanced a bill designed to deal with the state’s wildfire and insurance crises. The California Safe Homes Act, Assembly Bill 888, passed out of the Assembly Insurance Committee on a unanimous vote.

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Seasonal Changes Can Affect Your Auto Insurance in Michigan

Shield Insurance Agency

At Shield Insurance Agency, nestled in the heart of Michigan, we know that as the seasons change, so do your auto insurance needs. Especially when you’re dusting off your vehicle after a long winter’s nap and gearing up for sunnier days ahead. Spring Cleaning Your Coverage While your vehicle was hibernating, you might have tweaked your auto insurance to reflect its sleepy status.

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LA County Approves $4B Payout to Settle Sexual Abuse Claims at Juvenile Facilities

Insurance Journal

Los Angeles County officials this week approved a $4 billion payout to settle nearly 7,000 claims of sexual abuse in juvenile facilities since 1959. The agreement reached on April 4 far surpasses a $2.

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Auto Insurance is Still People-Driven in a Technology-Driven World

Paragon Independent Insurance Agencies

Today’s automotive industry boasts a wider variety of vehicles and technological features. From SUVs to sedans, hybrids, and more, drivers have a plethora of choices when deciding what type of vehicle they want to drive. However, this also necessitates the need for appropriate insurance to safeguard you and your vehicle in case of an accident or mishap.

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California Workers’ Comp Bureau Submits Higher 2025 Pure Premium Rate Filing

Insurance Journal

The Workers’ Compensation Insurance Rating Bureau of California submitted a September 1, 2025 pure premium rate filing, proposing advisory pure premium rates on average 11.2% above the average approved September 1, 2024 advisory pure premium rates.

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Marine round-up : 1st May 2025

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Marine round-up : 1st May 2025 appeared first on Insurance Marine News.

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Allstate Q1 Income Drops 52% on Record $3.3B Gross Catastrophe Losses

Insurance Journal

Allstate Corp. first quarter 2025 net income applicable to common shareholders fell more than 52% to $566 million primarily due to a record $3.3 billion of gross catastrophe losses. The gross loss was partially offset by $1.

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Syndicate Results 2024 No. 20 KI / Brit 1618

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Syndicate Results 2024 No. 20 KI / Brit 1618 appeared first on Insurance Marine News.

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People Moves: Dorn Named to Maryland Insurance Administration Post

Insurance Journal

Maryland Insurance Commissioner Marie Grant appointed Patricia Dorn as associate commissioner for consumer education and advocacy at the Maryland Insurance Administration.

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How USTR measures affect the global shipping market: HFW (Long)

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post How USTR measures affect the global shipping market: HFW (Long) appeared first on Insurance Marine News.

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Car Smashes Through Illinois Building, Killing 4 Young People and Injuring Others

Insurance Journal

A car smashed through a building Monday afternoon, killing four young people and injuring several others during an after-school program in a small city outside of Springfield, Illinois, police said. Officers responded at about 3:20 p.m.

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Trade wars see redrawing of global LPG trading and outlook

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Trade wars see redrawing of global LPG trading and outlook appeared first on Insurance Marine News.

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AM Best Revises Outlook to Negative for Missouri Valley Mutual Insurance Company

Insurance Journal

AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of “bbb-” (Good) of Missouri Valley Mutual Insurance Company (MVMIC) based in Burke, South Dakota.

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Finnish Coast Guard reports shadow fleet tanker near-miss

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Finnish Coast Guard reports shadow fleet tanker near-miss appeared first on Insurance Marine News.

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Strengthen Oklahoma Homes Program to Hold Second Pilot Launch

Insurance Journal

The Oklahoma Insurance Department is preparing for a second pilot launch of the Strengthen Oklahoma Homes Program, which provides up to $10,000 to residents to upgrade their homes to the IBHS Fortified standard.

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Guyana plans law to make companies liable for oil spills

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Guyana plans law to make companies liable for oil spills appeared first on Insurance Marine News.

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With LA Wildfire Suits Looming, Edison Beats Estimates on Lower Expenses and Rate Hikes

Insurance Journal

Edison International beat Wall Street estimates for first-quarter profit on Tuesday, as the utility benefited from lower operating and interest expenses and higher rates for its services.

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Products tanker hits barges on Mississippi

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Products tanker hits barges on Mississippi appeared first on Insurance Marine News.

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Tech Update: WTW Launches AI Monitoring Tool ‘Radar Vision’ for Insurers

Insurance Journal

WTW has announced the North American launch of Radar Vision, an AI-driven performance monitoring tool custom-built for insurers.

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Zombie ships now a feature of Venezuelan oil trade

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Zombie ships now a feature of Venezuelan oil trade appeared first on Insurance Marine News.

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Three Rhode Island Men Charged in Theft of Thousands of Catalytic Converters

Insurance Journal

Three Rhode Island men have been charged in federal court in Providence for their alleged roles in a conspiracy to steal and sell hundreds of thousands of dollars’ worth of catalytic converters, announced Acting U.S. Attorney Sara Miron Bloom.

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