Insurance Journal News Feed

Insurance Journal news feed

1. W.R. Berkley Posts Record Year With Q4 Net Income Up 45%

   Forth quarter 2024 net income at W.R. Berkley Corp. jumped 45% compared to a year ago to about $576 million. For the year, the Greenwich, Connecticut-based commercial insurer said it booked record income of about $1.8 billion compared to about …

2. NYC Scraps ‘Solvent’ Requirement in Revised Taxi Insurance Rules

   New York City is walking back a proposed rule change that would have required taxi and rideshare drivers to be covered by a “solvent and responsible” insurance carrier, after Uber Technologies Inc. warned the mandate risked leaving thousands of drivers …

3. Texas Reports 564 Fatal Occupational Injuries in 2023, Down Slightly From Prior Year

   The Texas Department of Insurance, Division of Workers’ Compensation this month released a report on fatal occupational injuries in Texas for the 2023 year, finding that fatal injuries were slightly down compared to the year prior. There were 564 fatal …

4. Kansas Cattle Farms Fined for Clean Water Act Violations

   Cattle feedlot operators Wickstrum Farms Inc. and Wickstrum Cattle LLC of Pottawatomie County, Kansas, will pay a combined $70,000 in civil penalties to resolve alleged violations of the federal Clean Water Act. According to the U.S. Environmental Protection Agency (EPA), …

5. Data Centers and Large Users Strain Texas Power Grid

   The rise of artificial intelligence, the digitization of the economy and everyday life’s growing computing needs have turbocharged the expansion of data centers, driving up a surge in electricity demand in Texas and across the country. Texas’ main grid operator …