INSURANCE NEWS
Worker Warned Organizer `Someone’s Going to End Up Dead` Before Crowd Surge at Astroworld
HOUSTON (AP) – Just moments before rap superstar Travis Scott took the stage at the deadly 2021 Astroworld festival, a contract worker had been so worried about what might happen after seeing people getting crushed that he texted an event …
Florida Judge Won’t Dismiss Suit Over Disney’s Governing Board
A judge in Florida on Friday refused to dismiss a lawsuit brought by Gov. Ron DeSantis appointees against Disney’s efforts to neutralize the governor`s takeover of Disney World’s governing district. The judge in state court in Orlando denied Disney`s motion …
EU Companies Get New ESG Rules Aimed at Addressing Climate Risks
Tens of thousands of companies operating in Europe face new requirements to report their operations’ ESG impacts as the European Union advances a plan to address climate change and environmental degradation through increased transparency and market pressures. The European Commission …
Winds Challenge Firefighters Battling Two California Blazes
A massive wildfire burning out of control in California’s Mojave National Preserve was spreading rapidly amid erratic winds, while firefighters reported progress against another major blaze to the southwest that prompted evacuations. The York Fire that erupted Friday near the …
Judge Dismisses Lawsuit in Death of New Mexico Officer
A federal judge dismissed a lawsuit alleging the Department of Homeland Security was negligent in a drug bust that resulted in the first New Mexico State Police officer killed in the line of duty in over three decades. U.S. District …
Judge Allows Parents’ Lawsuit Over Hospital’s Fetal Autopsy
A judge has refused to dismiss a lawsuit alleging that a Delaware hospital system performed an autopsy on a 16-week-old fetus despite the parents refusing to give their consent. Superior Court Judge Patricia Winston denied a motion this week by …
CNA Financial Misses Profit Estimates on Higher P/C Catastrophe Losses
Insurer CNA Financial missed second-quarter profit estimates on Monday, as wider catastrophe losses in its property and casualty (P&C) segment partially offset higher investment income. Profits at insurers came under pressure from a rise in catastrophe-related claims due to severe …
Q2 Net Income Up 23% at The Hartford, Bolstered by Commercial Lines
The Hartford said second quarter net income was $542 million, an increase of 23% compared with the same period a year ago, driven by written premium growth of 12% in commercial lines. Net income from commercial lines was $458 million, …
Global Insurance Prices Continue to Moderate in Q2 With Exception of Property: Marsh
Global commercial insurance pricing rose 3% in the second quarter of 2023, down from 4% in Q1, according to Marsh, which pointed to two notable trends during Q2: a moderation in cyber rates and continuing challenges in property insurance, which …
Burning Car Carrier Off Dutch Coast Being Towed Away From Shipping Lanes
A burning car carrier off the Dutch coast is being towed to a new location away from shipping routes as part of a difficult operation to salvage the ship, the Dutch water board Rijkswaterstaat and media said. The ship will …
Extreme Weather Risks May Make Parts of the World ‘Uninsurable’
Soaring global temperatures may make large parts of the world “uninsurable,” according to Spain’s largest insurance firm. Climate change “has the potential of changing the insurance business profoundly and making part of the world uninsurable,” Gonzalo Gortazar, CaixaBank SA’s chief …
Ford Recalls 870,000 F-150 Trucks Over Unexpected Parking Brake Activation
Ford Motor said Friday it is recalling 870,000 F-150 trucks in the United States because of the risk of an unexpected activation of the electric parking brake due to a potential wiring issue. The recall covers 2021 through 2023 model …