Industry News

Insurance Journal

Workers’ Comp Apportion Evals Must be Well-Reasoned, WV Supreme Court Says

Apr 24, 2024 West Virginia law, like statutes in a number of states, allows employers to try and apportion contributions to a worker’s injury, including how...

Chamber of Commerce Sues to Block FTC’s Non-Compete Ban

Apr 24, 2024 Business groups led by the US Chamber of Commerce sued the Federal Trade Commission Wednesday seeking to block a rule finalized this week that would outlaw non-compete...

FAU Gets Grant to Study Seaweed Harvesting, Just as Blobs Approach South Florida

Apr 24, 2024 Researchers at Florida Atlantic University are using a $1.3 million grant to see if huge blobs of seaweed can be harvested to help mitigate the...

District of Columbia AG Settles With NRA Over Alleged Violations of Nonprofit Law

Apr 24, 2024 District of Columbia Attorney General Brian L. Schwalb last week announced a resolution of his office’s lawsuit against the National Rifle...

Best's Reviews

AM Best Revises Issuer Credit Rating Outlook to Positive for Southern Farm Bureau Life Insurance Company

Apr 24, 2024 AM Best has revised the outlook to positive from stable for the Long-Term Issuer Credit Rating (Long-Term ICR...

Kemper Projects Swing to First-Quarter Net Income in $65 Million to $75 Million Range

Apr 23, 2024 Kemper Corp. said it expects to swing to first-quarter net income and adjusted consolidated net operating income in the $65...

Chubb Posts First-Quarter Profit Hike as Property/Casualty, Life Earnings Rise

Apr 23, 2024 Chubb Ltd. posted higher first-quarter net income on higher income in both the life and property/casualty segments and a double-digit...

Claims Journal

Boeing Crash Victims’ Families Seek to Share Evidence With DOJ

Apr 24, 2024 U.S. Justice Department officials will meet Wednesday with families of Boeing Co. 737 Max crash victims even as they investigate the company’s operations in the...

Florida’s Home Insurance Industry May Be Worse Than Anyone Realizes

Apr 24, 2024 Seven property insurers in Florida went bankrupt in 2021 and 2022. The bankruptcies left thousands of homeowners scrambling to get new coverage, which often came...

Jury Awards $80M to 3 Former Zurich NA Employees for Wrongful Termination

Apr 24, 2024 Zurich North America was ordered by a California jury to pay three former employees a total of about $80.2 million to end a wrongful termination case...

UnitedHealth Data Leak May Affect ‘Substantial’ Swath of U.S.

Apr 24, 2024 UnitedHealth Group Inc. found files containing private information on a vast number of Americans whose data may have been compromised in a February cyberattack that...