INSURANCE NEWS
Global Insurance Prices Continue to Stabilize in Q3 as US Cyber Premiums Drop: Marsh
Global commercial insurance prices increased 3% in the third quarter of 2023, the same as the prior quarter, according to the Global Insurance Market Index released by the insurance broker Marsh, a business of Marsh McLennan. The third quarter marks …
Verisk Tops Q3 Expectations on Resilient Demand From Insurers
Verisk Analytics beat market expectations for third-quarter revenue and profit on Wednesday, as more insurance companies used its products to assess risk. The data analytics company’s products cater to insurers across sectors ranging from real estate to manufacturing. Insurance company …
Southern California Wildfire Prompts Evacuation Order for Thousands as Winds Fuel Flames
A wildfire fueled by Santa Ana winds ripped through rural land southeast of Los Angeles, forcing about 4,000 people from their homes, fire authorities said. The Highland Fire erupted at about 12:45 p.m. Monday in dry, brushy hills near the …
Tennessee Law Officials Settle Claim They Arrested Man for Meme Over Fallen Officer
NASHVILLE, Tenn. (AP) — A prosecutor and two Tennessee Bureau of Investigation agents have settled a First Amendment lawsuit for $125,000, the plaintiff`s attorneys said Monday. The suit was filed by a man who said he was arrested over a …
Bayer Ordered to Pay $332M in Another Roundup Cancer Trial
A California jury on Tuesday found Bayer liable in a case brought by a man who claimed his cancer was due to exposure to the company’s Roundup weed killer, and ordered it to pay $332 million in damages. The verdict …
Trump Children to Testify in New York Civil Trial
Ivanka Trump’s testimony at her father’s New York civil fraud trial is being delayed until next week so there is sufficient time for her to be questioned, a judge said Monday. Former President Donald Trump’s eldest daughter had been set …
Bayer Investor Calls for Rethink After Latest Glyphosate Defeat
Bayer investor Union Investment said on Wednesday the German group should reconsider its litigation strategy for glyphosate after it lost a trial over the weed killer’s alleged carcinogenic effects for a third time in a row. A California jury on …
China Eases Investment Rules for Insurers in Bid to Boost Flows Into Stocks
China has taken a move that effectively allows insurance firms to make longer-term investment in shares, adding to a drumbeat of support measures to revitalize the country’s stock market. The Ministry of Finance will from now on evaluate insurers’ return …
Insurance Premiums Are Big Driver of Australian Inflation
Australian inflation is being driven by climate change, geopolitical shocks and government policies — factors typically beyond the Reserve Bank’s control. Yet economists still anticipate it will have to respond with monetary tightening as soon as next week. In a …
NFP Acquires Ireland-Based Health and Safety Consultancy, SeaChange Ltd.
NFP, a New York City-based property/casualty broker, announced it has acquired SeaChange Ltd., a health and safety consultancy based in Naas, County Kildare, in Ireland. This acquisition expands NFP’s European health and safety capabilities and solutions for the company’s Irish, …
Death Toll Lowered to 7 in Louisiana Super Fog Highway Crashes Involving 160 Vehicles
NEW ORLEANS (AP) – The death toll from last week’s series of highway crashes blamed on a “super fog” of smoke from marsh fires mixed with dense fog has been lowered from eight to seven people, according to Louisiana State …
Tesla Cleared of Fault in Fatal Chinese Crash: Local Media Reports
A Chinese court has ruled a Tesla Inc. vehicle wasn’t the cause of a 2022 accident that killed two people and injured three others, Shanghai Securities News reported. The automaker had sued a social media influencer who alleged the crash …