Chicago Tribune journalists filed suit Thursday against the newspaper’s owner, claiming it has knowingly paid them less than their white or male counterparts.
Author: Annie George
Florida’s 125% Surge in Property Insurance Bills Sows Havoc
With Florida being threatened by more powerful hurricanes, commercial-property insurance costs last year surged at nearly five times the national pace, according to credit rating firm AM Best.
Farmers to Resume Offering Key Lines of Business Insurance in California
Farmers Insurance® announced it will resume accepting new business Commercial Multi-Peril applications for Auto Service & Repair, Habitational, Manufacturing, Real Estate and Wholesale Distribution policies in California, as of August 1, 202
U.S. Studying If Other Bridges at Risk After Baltimore Collapse
The U.S. Coast Guard said it is evaluating whether other bridges nationwide are at risk after a cargo ship crashed into the Francis Scott Key Bridge in Baltimore in March, killing six people and destroying the Patapsco River crossing.
CIAB: Premium Increases Flat to Down Q1 2024
Premium increase moderation continued this quarter, with premiums across all account sizes increasing by 7.7%, slightly up from the previous quarter’s 7.0%. It was the 26th consecutive quarter of increases.
Cyber Insurance Premium Growth Levels Off for U.S. P/C Insurers
Cyber again generated strong profits for U.S. property/casualty (P/C) insurers last year, Fitch Ratings says in its latest market update report, but weaker pricing led to the first decline in direct cyber written premiums since cyber-specific premium data were included in statutory financial statements.
Four Dead, Thousands without Power Following Severe Storm in Houston
Hurricane-strength winds unexpectedly blew through Houston Thursday, leaving four dead, hundreds of thousands without power and the country’s fourth-largest city scrambling to repair damage.
North Carolina Insurance Mogul Lindberg Found Guilty in Federal Bribery Retrial
A federal jury once again convicted North Carolina insurance executive Greg Lindberg of trying to bribe Insurance Commissioner Mike Causey for favorable regulatory rulings following a second trial, according to court documents.
Swiss Re Posts $1.1B Net Income in Q1 2024
Swiss Re on Thursday reported a net income of $1.1 billion or $3.76 per share for the first quarter of 2024. Insurance revenue for the period from January to March was $11.7 billion, the company said.
IBC: Canadian Auto Theft Losses Accelerate to $1.1B; Luxury Cars Popular Target
Stolen vehicle insured losses accelerated to C$1.5 billion ($1.1 billion) for most Canadian provinces in 2023, compared with C$1.3 billion in losses a year earlier, according to the Insurance Bureau of Canada.