News Center
News Archives - Insurance Journal
Insurers Have Now Paid Out Nearly $7B for LA Wildfires, Report Shows Insurance companies have so far paid out more than $6.9 billion for losses from the biggest two of the Los Angeles-area wildfires that swept through the region and destroyed tens of thousands of homes last month. That’s according to the …
POSTED FEBRUARY 13, 2025 8:45 PM |
Southern California Edison Gear Ignited More Fires in 2024 Than Previous Year Southern California Edison’s equipment ignited nearly 60% more fires in 2024 than in the previous year, mainly tiny ones that were quickly extinguished, as the utility battled to prevent catastrophe in the months leading up to the Los Angeles wildfires. …
POSTED FEBRUARY 13, 2025 6:15 PM |
Oklahoma Selected as Host for 2029 NAIC Spring National Meeting The National Association of Insurance Commissioners has selected Oklahoma City as the host location for their 2029 Spring National Meeting, Oklahoma Insurance Commissioner Glen Mulready announced this week. Commissioner Mulready and First Deputy Commissioner Brian Downs made a successful presentation …
POSTED FEBRUARY 13, 2025 5:51 PM |
Fire Erupts Near El Paso Airport, Injuring Five A fire broke out at a transportation center next to the international airport in El Paso, Texas, on Tuesday, injuring five people and sending a large tower of black smoke billowing over the city on the U.S.-Mexico border. Authorities did …
POSTED FEBRUARY 13, 2025 4:41 PM |
Statewide Computer Outage Disrupts Nebraska Government Operations A systemwide outage of Nebraska goverment computers shut down everything from the work of the Legislature to driver’s licensing offices for several hours Thursday. The state Office of the Chief Information Officer confirmed that the outage affected all state connections …
POSTED FEBRUARY 13, 2025 4:39 PM |
People Moves: BMS Taps Howden Re’s Biddell as Managing Director and Head of London P/C; MGA DUAL UK Makes 3 Senior Appointments in Underwriting and Distribution This edition of International People Moves details appointments at the broker BMS and the managing general agent DUAL UK. A summary of these new hires follows here. BMS Taps Howden Re’s Biddell as Managing Director and Head of London P/C …
POSTED FEBRUARY 13, 2025 4:37 PM |
Over 800 File Complaints of Sexual Abuse in Illinois Youth Facilities Marcus Walker said the sexual abuse he experienced two decades ago as a teenager at an Illinois youth detention facility has haunted his life. After a staff member gave him drugs and sexually abused him, he joined a gang hoping …
POSTED FEBRUARY 13, 2025 4:36 PM |
Judge Rules Boston Waited Too Long to Sue Drug Intermediaries Over Opioid Crisis A federal judge has dismissed the city of Boston’s lawsuit seeking to hold pharmacy benefit managers liable for the opioid epidemic. US District Judge Patti B. Saris ruled that the suit against the drug intermediaries was filed too late. The …
POSTED FEBRUARY 13, 2025 4:35 PM |
Financial Firms Hated US Consumer Watchdog, but Rapid Unraveling Creates Limbo At a JPMorgan townhall meeting on Wednesday, CEO Jamie Dimon was asked whether the Trump administration’s decision to abruptly stop work at the Consumer Financial Protection Bureau (CFPB) and question its existence was good news for the industry. Dimon told …
POSTED FEBRUARY 13, 2025 3:37 PM |
Mercury Expects to Lose $1.6B to $2B From LA Wildfires Although Mercury Insurance Group expects gross losses from the 2025 California wildfires in the $1.6 billion-$2.0 billion range, potential subrogation and reinsurance recoveries will drop the ultimate bill down to $325 million or less, the company believes. “We believe there …
POSTED FEBRUARY 13, 2025 3:28 PM |
NOTICE: The links and articles found on or within this news center are simply for informational purposes that we believe may be of benefit to our clients and/or website visitors. By providing these links on our website, we are not recommending or endorsing the use of the particular products or services these third parties offer. Nor does My Insurance confirm, corroborate or agree to the statistics or opinions on these links and articles. We urge you to review each website’s Privacy Policy, Disclaimers, and develop an independent opinion of the service or product for any link pursued.
|