Insurance Journal delivers the latest business news for the Property/Casualty insurance industry
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Markets/Coverages: Marsh Expands Cyber Facility ECHO, Offering Up to $125M of Excess Insurance Capacity

Marsh, the insurance brokerage business of Marsh McLennan, announced an additional $25 million layer of capacity to its existing $100 million Cyber ECHO facility. Available to Marsh clients globally, Cyber ECHO now offers up to $125 million of excess cyber …

Mon Apr 29, 2024 12:56
RBNZ Says Insurance May Become Unaffordable for High-Risk Homes

New Zealanders who own properties in areas prone to flooding or earthquakes may find they can’t afford insurance or may not be offered cover for specific risks, according to the Reserve Bank. Rising premiums or the inability to insure are …

Mon Apr 29, 2024 10:55
US tests show pasteurized milk safe as bird flu spreads

Additional tests of milk showed that pasteurization killed the bird flu virus, federal health officials said on Friday, as Colorado became the ninth U.S. state to report an infected dairy herd. Federal lawmakers urged the Biden administration to further contain …

Mon Apr 29, 2024 08:55
30% of Business Leaders Say Global Political Risk Is Their Biggest Threat

Sixty-five percent of North American business leaders fear this election year will impact their ability to trade internationally, with 32% of U.S. leaders saying political risk is their number one threat. In January, Beazley surveyed over 3,500 business leaders in …

Mon Apr 29, 2024 08:55
Insurers Get Green Light to Pay Less Than Billed Charges in Florida PIP Cases

The Florida Supreme Court has given auto insurers more flexibility in reducing payments for medical services under the state’s no-fault auto insurance law and may have finally put to rest years of questions about the much-debated statute. In answering a …

Mon Apr 29, 2024 08:55
People Moves: Lara Makes Appointments to California Curriculum Board and Insurance Diversity Task Force

California Insurance Commissioner Ricardo Lara made several appointments to the state’s curriculum board and insurance diversity task force. Lara named Aretha Hartley as the newest member of the curriculum board. The curriculum board oversees the development of pre-licensing and continuing …

Mon Apr 29, 2024 08:55

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