Insurance Journal delivers the latest business news for the Property/Casualty insurance industry
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US, UK Say Russia Targeted Officials in Political Cyber Campaign

The US and UK have launched a coordinated effort to disrupt a longtime alleged Russian government hacking campaign aimed at what they say is an attempt to undermine democratic processes in both their countries. The UK accused Russia’s main intelligence …

Fri Dec 8, 2023 08:31
Florida Weekly Wage and Max Workers’ Comp Benefit See Biggest Jump Since 1980

The Florida Division of Workers’ Compensation has released the maximum weekly wage benefit for 2024 and it’s the largest two-year jump in wages in more than four decades. Florida law sets the maximum indemnity benefit for injured workers at 100% …

Fri Dec 8, 2023 08:11
Judge Gives Early Nod to GEICO’s $5M Settlement in Georgia Class Action

GEICO Indemnity Co. has agreed and a federal court in Georgia has given approval to a preliminary settlement of $5.1 million in a class-action lawsuit in which plaintiffs said the insurer had shorted them on ad valorem taxes when their …

Fri Dec 8, 2023 08:11
Travelers Wins CGL v. E&O Battle in Insurance Agency Defamation Case

Travelers Casualty Insurance Co. did not owe a duty to defend or indemnify its insured, CBIZ Borden-Perlman Insurance Agency, Inc., in a tort action in which Republic, as another insurer of B-P, bore the litigation and settlement costs, a federal …

Fri Dec 8, 2023 08:11
Two Charged in 50 Crimes Including Thefts of 16 Luxury Cars Worth $1 Million

Massachusetts Attorney General Andrea Joy Campbell announced indictments against two men for a total of 50 crimes including thefts of 16 luxury cars valued at more than $1 million. Dyllan Lopes, age 21 of Quincy, was indicted for 31 crimes …

Fri Dec 8, 2023 08:11
What to Expect in Personal Lines: Regulatory Battles Ahead; Allstate May Drop Customers

Analysts from Standard & Poor’s predicted this week that while personal auto results are starting to stabilize, the continued push for rate in 2024 will set the stage for more faceoffs between regulators and insurers. Tim Zawacki, principal insurance analyst, …

Fri Dec 8, 2023 08:02

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