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California Commissioner Issues Regulation to Allow Reinsurance in Ratemaking
California Insurance Commissioner Ricardo Lara on Monday announced what he is calling the final step in his efforts to help the state’s ailing homeowners insurance market with the Net Cost of Reinsurance in Ratemaking Regulation, which enables reinsurance as a …
POSTED DECEMBER 30, 2024 8:08 PM |
Maryland Sues Gore-Tex Maker Over ‘Forever Chemicals’ Pollution
Maryland is suing the company that produces the waterproof material Gore-Tex often used for raincoats and other outdoor gear, alleging its leaders kept using “forever chemicals” long after learning about serious health risks associated with them. The complaint, which was …
POSTED DECEMBER 30, 2024 7:30 PM |
New York State Government to Monitor Its AI Use
New York state government agencies will have to conduct reviews and publish reports that detail how they’re using artificial intelligence software, under a new law signed by Gov. Kathy Hochul. Hochul, a Democrat, signed the bill last week after it …
POSTED DECEMBER 30, 2024 7:00 PM |
Bird Flu Likely Mutated Within a Louisiana Patient: CDC
A genetic analysis suggests the bird flu virus mutated inside a Louisiana patient who contracted the nation’s first severe case of the illness, the U.S. Centers for Disease Control and Prevention said last week. Scientists believe the mutations may allow …
POSTED DECEMBER 30, 2024 5:36 PM |
Iowa Contractor Agrees to Consent Order Over Unlicensed Public Adjusting
The Iowa Insurance Division last month entered into a consent order with a contractor who had made claims they were offering services that require a public adjuster license. Central Iowa Gutter and Donald Smart have agreed to make changes to …
POSTED DECEMBER 30, 2024 5:29 PM |
Loss-Free Property Cat Rates Fall 5%-15% as Reinsurer Appetite Grows: Guy Carpenter
Global reinsurers’ appetite rose for property catastrophe during the upcoming January renewals, which have seen risk-adjusted reinsurance rate reductions of 5%-15% for loss-free accounts, according to a renewal report published by Guy Carpenter, the reinsurance business of Marsh McLennan. Property …
POSTED DECEMBER 30, 2024 5:23 PM |
Tornadoes in Texas and Mississippi Kill 2 and Injure 6
HOUSTON (AP) — A strong storm system threatened to whip up tornadoes in parts of the U.S. Southeast on Sunday, a day after severe weather claimed at least two lives as twisters touched down in Texas and Mississippi. Strong storms …
POSTED DECEMBER 30, 2024 5:15 PM |
Top Midwest Region Insurance Journal Stories of 2024
This year’s top Insurance Journal Midwest headlines feature a range of misconduct, from fraud and embezzlement to high-profile lawsuits. Top stories stories also highlight increasing frequency of severe weather event and the evolving legal landscape of workplace safety. Top 10 …
POSTED DECEMBER 30, 2024 5:09 PM |
Top South Central Region Insurance Journal Stories of 2024
Readers of Insurance Journal were drawn to South Central headlines detailing the complexities facing the insurance industry, from legal and regulatory issues to the evolving landscape of cyber threats and natural disasters. Other popular topics include insurance fraud and unscrupulous …
POSTED DECEMBER 30, 2024 4:59 PM |
One Dead, Two Hurt After Tyson Foods Plant Fire in Georgia
ATLANTA (AP) — A woman died and two other people were hospitalized with injuries after a fire at a Tyson Foods plant in southwest Georgia, state officials said Friday. A wall fell on the cab of an 18-wheel truck parked …
POSTED DECEMBER 30, 2024 4:54 PM |
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