Insurance Journal delivers the latest business news for the Property/Casualty insurance industry
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Hurricane Beryl Caused Estimated $2-3B in Insured Losses to U.S. Property: Verisk

Estimated industry insured losses to onshore property from wind in the U.S. for Hurricane Beryl will range between $2 billion to $3 billion, Verisk’s Extreme Event Solutions business unit said. Beryl made landfall near Matagorda Bay, Texas the morning of …

Fri Jul 19, 2024 20:13
Global IT Crash That Blocked 911 Calls and Grounded Planes Eases

In what will go down as the most spectacular IT failure the world has ever seen, a botched software update from cybersecurity firm CrowdStrike Holdings Inc. crashed countless Microsoft Windows computer systems globally. Microsoft Corp. and CrowdStrike have rolled out …

Fri Jul 19, 2024 20:13
Tesla’s California Car Registrations Fall for Third Straight Quarter

Registrations of Tesla cars in California fell 24% in the April to June period, marking the third consecutive quarter that the company posted a sales drop in its key market, indicating mounting challenges for the EV maker, according to industry …

Fri Jul 19, 2024 19:13
People Moves: Ohio Bar Liability Insurance Company Names Tribble as CEO

Ohio Bar Liability Insurance Company announced that John R. Tribble, MBA, CPCU, CCLA will be joining the company as its next President and CEO. Tribble has held a variety of positions during the past eight years with Church Mutual Insurance …

Fri Jul 19, 2024 19:13
Why Texas Mass Power Outages Continue to Happen

It’s become a familiar cycle: A powerful storm sweeps through a swath of Texas and takes the electric system down in its grip. Trees might bend and topple, crashing down onto a power pole. Sometimes the weight of ice pulls …

Fri Jul 19, 2024 19:13
Cargo Ship Sustains Damage After Houthi Attack in Gulf of Aden

A Singaporean-flagged cargo vessel was hit by Yemen’s Houthi missiles in the Gulf of Aden on Friday, forcing it to return to its last port of call to assess the damage. Iran-aligned Houthis launched ballistic missiles and drones towards the …

Fri Jul 19, 2024 19:13

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