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News – Insurance Journal
Reinsurers Saw ‘Good’ Rate Hikes in January Renewals, but Will Be Asking for More: S&P
Global property and casualty reinsurers saw “good” rate increases during the January 2021 renewals but they came up short of a hard market, dashing reinsurers’ hope of a strong start for 2021, according to a report from S&P Global Ratings. …
POSTED MARCH 02, 2021 10:21 AM |
Post-Brexit Exodus of Staff and Assets from London to EU Slows
LONDON – The shift in financial staff and assets from the City of London to the European Union because of Brexit has eased after Britain completed its full departure from the bloc, a tracker from consultants EY showed on Tuesday. …
POSTED MARCH 02, 2021 9:31 AM |
Supreme Court Justices Question Patent Tribunal’s Constitutionality
U.S. Supreme Court justices on Monday signaled they may rein in the power of in-house judges serving on a U.S. Patent and Trademark Office tribunal who have the ability to cancel patents in a case involving a dispute between surgical …
POSTED MARCH 02, 2021 6:00 AM |
U.S. Conducting Probe of 1.9M Toyota RAV4s Over Fire Risk
U.S. auto safety regulators on Monday said they have opened an investigation into nearly 1.9 million Toyota RAV4 sport-utility vehicles over potential fire risks. The National Highway Traffic Safety Administration (NHTSA) said the preliminary evaluation looking at 2013-2018 RAV4 vehicles …
POSTED MARCH 02, 2021 6:00 AM |
Hub Adds Entertainment Specialist Cloward from Allianz in California
Hub International has added entertainment insurance specialist David Cloward as practice leader in the Los Angeles, Calif. office. Cloward will focus on managing film, production, venue, business management and live entertainment clients and supporting the entertainment and sports specialty strategy …
POSTED MARCH 02, 2021 6:00 AM |
Winter Storm Uri Losses in Texas Expected in $10B – $20B Range
It’s likely that insured losses in Texas from Winter Storm Uri, which overwhelmed the state in mid-February, will climb into the $10 billion to $20 billion range, according to catastrophe modelers and insurance industry market analysts. Losses from Uri may …
POSTED MARCH 01, 2021 11:37 PM |
Many States Lack Flood Risk Disclosure Laws for Homebuyers
Homebuyers in nearly half of the states including hurricane-prone Florida can be left in the dark about the flood risks to their new house. The Natural Resources Defense Council (NRDC) ) has released an updated scorecard that shows which states …
POSTED MARCH 01, 2021 7:30 PM |
Historic General Store in North Carolina Destroyed by Fire
A century-old general store in the northwest North Carolina mountains known as a gathering place for local commerce and memories was destroyed by fire, authorities said. The Todd General Store, established in 1914 and identified in the National Register of …
POSTED MARCH 01, 2021 6:23 PM |
3 Vehicles Stolen in Attack on Illinois Luxury Car Delivery Driver
Four men attacked a luxury car delivery driver in suburban Chicago and took off with three high-end vehicles, authorities said. The attack, which was captured on video, took place early in the morning on Feb. 25 at Jidd Motors in …
POSTED MARCH 01, 2021 5:49 PM |
Ohio Roofing Contractor Cited for Safety Violations, Fined $117.5K
An Ohio roofing contractor has been cited for the sixth time since 2012 by federal workplace safety regulators for failing to ensure workers used required fall protection equipment. The U.S. Department of Labor’s Occupational Safety and Health Administration cited Ivan …
POSTED MARCH 01, 2021 5:40 PM |
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