News
American Family Insurance Group Raising Minimum Pay to $23 Per Hour
American Family Insurance group announced it is raising its minimum hourly wage to $23 per hour—its second increase in two years. The wage increase, which will take effect in July, will result in ...
Experts to Visit Fukushima Plant to Check Water Release Plan
A team of experts from the International Atomic Energy Agency will visit Japan's wrecked Fukushima nuclear power plant next week to review plans to begin releasing more than a million tons of treated ...
Tokio Marine Invests in Satellite Imaging Specialist ICEYE, Enters Nat-Cat Collaboration
ICEYE, the Helsinki-based synthetic aperture radar (SAR) data provider and specialist in natural catastrophe solutions, announced that Tokio Marine Holdings has made a strategic investment in the ...
Another Big Insurer Stops Writing Florida Homeowners
The Florida property insurance market is showing more signs of trouble, with one of the state's largest carriers deciding to stop writing new homeowners business in the state—while also asking for ...
W.R. Berkley Optimistic Yet Cautious About Workers Compensation
W.R. Berkley Corporation, a commercial lines property/casualty insurance company, indicated in its Q4 and full year 2021 earnings call that while it is optimistic about 2022, it is exercising caution ...
New Auto Insurer Sensa’s Device Analyzes Accident, Triggers Emergency Services to Crash Site
A new auto insurer is turning the tables on car manufacturers that offer insurance with their roadside and emergency services by including these accident services with its auto insurance policy. ...
Windstorm Coverage Doesn’t Include Flood Damage: 5th Circuit
An insurance policy that lists named windstorms among the covered perils doesn't cover flood damages caused by Hurricane Harvey even though flooding wasn't specifically excluded, a panel of the 5th ...
Executives on the Move at QBE, TigerRisk, Bain Capital Insurance
QBE has appointed Kevin Shallow as director of Underwriting and product head for Marine, subject to regulatory approval. He takes over from Tim Pembroke, who will be retiring on March 31 after nearly ...