Insurance Journal
An Ohio man was sentenced to five years in prison and ordered to pay restitution for filing 24 fraudulent claims with multiple insurance companies, totaling more than $229,000, the Ohio Department of Insurance announced. Justin Mack, a native of Buff...
Posted: Nov 26, 2024
Kansas Insurance Commissioner Vicki Schmidt will be serving as the Midwest Zone Chair for the National Association of Insurance Commissioners (NAIC) in 2025. Committee assignments will be announced in January of 2025. “I look forward to leading...
Posted: Nov 26, 2024
When Hurricane Beryl swept through southeast Texas on July 8, its damaging 80-mile-per-hour winds took down thousands of trees and knocked out much of the electricity system. More than 2.6 million Texas power customers went without electricity for da...
Posted: Nov 26, 2024
When Hurricane Beryl swept through southeast Texas on July 8, its damaging 80-mile-per-hour winds took down thousands of trees and knocked out much of the electricity system. More than 2.6 million Texas power customers went without electricity for da...
Posted: Nov 26, 2024
Walmart Inc. is reversing course on diversity, equity and inclusion initiatives, joining a growing list of businesses retreating on DEI programs targeted by conservative activists. The world’s biggest retailer will no longer consider race and g...
Posted: Nov 26, 2024
This edition of International People Moves details appointments at HUB International and Allianz UK Specialty. A summary of these new hires follows here. HUB International Names Mark Dutton as President for HUB Canada West HUB International (HUB), th...
Posted: Nov 26, 2024
This edition of International People Moves details appointments at HUB International and Allianz UK Specialty. A summary of these new hires follows here. HUB International Names Mark Dutton as President of HUB Canada West HUB International (HUB), the...
Posted: Nov 26, 2024
This edition of International People Moves details appointments at HUB International and Allianz UK Specialty. A summary of these new hires follows here. HUB International Names Mark Dutton as President of HUB Canada West HUB International (HUB), the...
Posted: Nov 26, 2024
While the insurance industry is quickly adopting AI technologies to improve the speed and accuracy of routine functions, analyze data and assess risk, malicious actors use the same tech to disrupt business and profit from cyberattacks. Recognizing th...
Posted: Nov 26, 2024
Walt Disney has agreed to pay $43.3 million to settle a lawsuit alleging that its female employees in California earned $150 million less than their male counterparts over an eight-year period, the plaintiffs’ lawyers said in a statement on Mon...
Posted: Nov 26, 2024
The next European Commission will urgently seek to streamline the bloc’s many environmental, social and governance rules, as it responds to complaints that excessive regulations are gutting industry competitiveness. Simplification will be at th...
Posted: Nov 26, 2024
A commercial general liability policy with a pollution exclusion does not protect a Virginia homeowners association from lawsuits filed by swimmers alleging they were injured by chemicals discharged into the community pool. That is the argument made...
Posted: Nov 26, 2024
Oak Reinsurance (OAK Re), the London-based reinsurance company, announced that its Lloyd’s Syndicate 2843 has received permission to begin underwriting business incepting from Jan. 1, 2025. This follows the approval in principle that was receiv...
Posted: Nov 26, 2024
Blue Yonder, a provider of supply chain software to manufacturing, logistics, and retail customers said it has been working “around the clock” to address disruptions caused by a ransomware incident. Blue Yonder said it “experienced...
Posted: Nov 26, 2024
Service workers at Charlotte Douglas International Airport, one of the nation’s busiest, went on strike this week just as the heaviest travel period of the year kicks off. News outlets reported that employees with ABM and Prospect Airport Servi...
Posted: Nov 26, 2024
McGill and Partners, the London-based global specialty insurance and reinsurance broker, has launched a new trade disruption insurance facility in collaboration with Tokio Marine Kiln (TMK) and Convex, offering limits of $95 million, led by TMK. This...
Posted: Nov 26, 2024
The European Union is proposing to sanction several Chinese firms that it claims helped Russian companies develop attack drones that were deployed against Ukraine. The European Commission, the EU’s executive arm, is also looking into imposing r...
Posted: Nov 26, 2024
A DHL cargo plane flying from Germany to Lithuania crashed close to Vilnius Airport, killing a crew member and injuring three others, according to police. The Boeing 737-400, which took off from the eastern German city of Leipzig, went down …
Posted: Nov 26, 2024
Want a simple, yet effective agency management tip for making your employees happy? Treat them like customers. That mindset stood out among comments from employees who nominated Morris & Garritano in Insurance Journal’s 2024 Best Agency to...
Posted: Nov 26, 2024
Meta Platforms Inc. faces an April 14 trial in the Federal Trade Commission’s long-running antitrust lawsuit to break up the company. US District Judge James Boasberg ruled Monday that the trial will take place in Washington next year. The FTC&...
Posted: Nov 26, 2024
Along with the rising cost of living in many facets of families’ daily lives, property insurance availability and affordability continue to be a challenge across the U.S. Inflation has been persistently increasing repair, labor, and medical cos...
Posted: Nov 26, 2024
It’s All in the Family at Higginbotham There’s a certain “something” about Rusty Reid that makes it clear why folks might like to work for him as chief executive and chairman of Higginbotham. He feels like a buddy, a big ̷...
Posted: Nov 26, 2024
InsureTrust, a cyber insurance and risk management broker within CRC Group and based in Norcross, Georgia, has named Brad Davis executive vice president. Davis will work in Nashville and will report to CRC/InsureTrust’s cyber practice leader Ch...
Posted: Nov 26, 2024
Finding insurance coverage for trucking firms could be considered a high-stress occupation. With the rise of nuclear lawsuit verdicts and “big-truck attorneys,” escalating premiums, and new state laws and regulations, it’s a lot to...
Posted: Nov 26, 2024
Despite four hurricanes in just over a year and significant payouts by the Florida Cat Fund, three special tax bonds have seen their ratings upgraded, the state’s insurance commissioner announced Monday. “These recent upgrades continue to...
Posted: Nov 26, 2024