Insurance Journal

People Moves: US Premium Finance Hires Malone From AFCO Direct

US Premium Finance, a division of Atlanta-based Ameris Bank, named Alan Malone director of sales and marketing. Malone has more than 30 years of experience in insurance premium finance. He was previously senior vice president and regional sales manag...

Posted: Nov 13, 2024

Plains All American Agrees to Pay $73 M to Settle California Oil Spill Lawsuit

Plains All American Pipeline has agreed to pay $72.5 million to settle a lawsuit over the 2015 Refugio Beach oil spill in Santa Barbara, a filing showed on Tuesday. The spill occurred after a pipeline, which ran across California’s coastline, &...

Posted: Nov 13, 2024

Alphabet’s Waymo Opens Autonomous Ride-Hailing Service to All in Los Angeles

Alphabet’s Waymo said on Tuesday its autonomous ride-hailing service, Waymo One, is now available to everyone in Los Angeles, a sign of rapid growth and adoption of the technology. Waymo had closed a $5.6 billion funding round last month, as &#...

Posted: Nov 13, 2024

Sarah Palin, NY Times Have Explored Settlement, as Judge Sets Defamation Retrial

Sarah Palin and the New York Times have explored trying to settle the former Alaska governor and Republican U.S. vice presidential candidate’s closely watched defamation case against the newspaper, their lawyers said on Tuesday. The disclosures...

Posted: Nov 13, 2024

New Hampshire Landscaper Required to Pay Employees $310K in Wages, Liquidated Damages

The U.S. Department of Labor (DOL) has recovered a total of $310,193 in back wages and liquidated damages from a Bedford, New Hampshire, landscaper and contractor who underpaid 60 employees. The fund recovery comes following an investigation by the D...

Posted: Nov 13, 2024

New Hampshire Landscaper to Pay Employees $310K in Wages, Damages

The U.S. Department of Labor (DOL) has recovered a total of $310,193 in back wages and liquidated damages from a Bedford, New Hampshire, landscaper and contractor who underpaid 60 employees. The fund recovery comes following an investigation by the D...

Posted: Nov 13, 2024

Inszone Acquires Springbrook Insurance Agency in California

Inszone Insurance Services acquired Springbrook Insurance Agency in San Diego, California. Charlene and John Drapp will be staying on after the transition to Inszone Insurance. Springbrook Insurance Agency offers insurance services with a primary foc...

Posted: Nov 13, 2024

Safeco to Take Personal Lines Renewal Business of Main Street America

Liberty Mutual’s Safeco Insurance has agreed to take the personal lines business of Main Street America, marking the second time in two months that Safeco has stepped in to assume a personal lines book of business from another insurer. Main &#8...

Posted: Nov 13, 2024

World Insurance Associates Expands Louisiana Texas With 5 Acquisitions

World Insurance Associates LLC (“World”), announced today that it acquired the business of five entities with locations across Louisiana and Texas on August 1, 2024. The agencies are The Firm of Louisiana P&C, LLC (Lake Charles), McFa...

Posted: Nov 12, 2024

World Insurance Associates Expands in Louisiana, Texas With 5 Acquisitions

World Insurance Associates LLC (“World”), announced today that it acquired the business of five entities with locations across Louisiana and Texas on August 1, 2024. The agencies are The Firm of Louisiana P&C, LLC (Lake Charles), McFa...

Posted: Nov 12, 2024

Supreme Court Lets Stand Ruling Curbing Bid-Rigging Prosecutions

The US Supreme Court left intact a ruling that curbs the Justice Department’s ability to use federal antitrust law to prosecute people and companies for bid-rigging, price-fixing and other collusion. The justices, without comment, turned away a...

Posted: Nov 12, 2024

Hub Acquires Texas’ ANCO Insurance

Hub International Limited announced that it has acquired the assets of ANCO Insurance Managers, Inc. (ANCO Insurance). Terms of the transaction were not disclosed. Headquartered in Bryan, Texas with six additional offices, ANCO Insurance is one of th...

Posted: Nov 12, 2024

Michigan Jury Awards $12M to Woman Fired for Refusing to Get COVID Vaccine

DETROIT (AP) — A jury awarded more than $12 million Friday to a woman who lost her job at a Michigan insurance company after declining to get a COVID-19 vaccination. Much of the award — $10 million — is for …

Posted: Nov 12, 2024

Obama Relatives Settle Racial Bias Suit With Private School in Milwaukee

Former first lady Michelle Obama’s brother and his wife have settled a lawsuit they filed in 2022 alleging a private school in Milwaukee refused to reenroll their children after the couple raised concerns about racism and inappropriate conduct...

Posted: Nov 12, 2024

Fire Crews on Both US Coasts Battle Wildfires; 1 Death in New York-New Jersey fire

Fire crews on both coasts of the United States continued battling wildfires on Sunday, including a blaze in New York and New Jersey that killed a parks employee and another in Southern California that destroyed more than 130 structures and …

Posted: Nov 12, 2024

Fire Crews on Both US Coasts Battle Wildfires; 1 Death in New York-New Jersey Fire

Fire crews on both coasts of the United States continued battling wildfires on Sunday, including a blaze in New York and New Jersey that killed a parks employee and another in Southern California that destroyed more than 130 structures and …

Posted: Nov 12, 2024

Envelop Risk Launches Underwriting Division, Naming Ex-Dale Underwriter Peters CEO

Envelop Risk, the reinsurance managing general agent and analytics specialist, announced the launch of Envelop Underwriting, which will encompass all existing underwriting activities: Envelop Risk Bermuda and Envelop at Lloyd’s, including the E...

Posted: Nov 12, 2024

Suvivors Want to Rebuild Safer, But Cost Misperceptions Can Stand in the Way

As Florida and the Southeast begin recovering from 2024’s destructive hurricanes, many people are asking: How can we rebuild sustainably and in a way that avoids the same damage, costs and trauma in future storms? There are proven ways to &#823...

Posted: Nov 12, 2024

Containment Increases on California Blaze That Has Destroyed at Least 168 Structures

Firefighters battled strong driving a fast-moving Southern California wildfire that forced the evacuations of thousands of people and destroyed at least 168 structures. Containment of the Mountain Fire in Ventura County increased to 48%. The fire has...

Posted: Nov 12, 2024

Containment Increases on California Fire That Has Destroyed 168 Structures

Firefighters battled strong driving a fast-moving Southern California wildfire that forced the evacuations of thousands of people and destroyed at least 168 structures. Containment of the Mountain Fire in Ventura County increased to 48%. The fire has...

Posted: Nov 12, 2024

Chipotle Shareholders Sue Over Fallout From Skimping on Portion Sizes

Chipotle Mexican Grill was sued on Monday by shareholders for concealing how many of its restaurants were skimping on portions, forcing the chain to spend more on ingredients and hurting its stock price. In a proposed class action filed in …

Posted: Nov 12, 2024

Meta’s Zuckerberg Not Liable in Lawsuits Over Social Media Harm to Children

A federal judge said Meta Platforms CEO Mark Zuckerberg is not personally liable in 25 lawsuits accusing his company of addicting children to social media. U.S. District Judge Yvonne Gonzalez Rogers in Oakland, California rejected accusations on Thur...

Posted: Nov 12, 2024

People Moves: Everest Promotes Davis to Lead Reinsurance Global Specialties Business; Miller Names A...

This edition of International People Moves details appointments at the Everest Reinsurance and the broker Miller. A summary of these new hires follows here. Everest Reinsurance, the reinsurance division of Bermuda-based Everest Group Ltd., announced...

Posted: Nov 12, 2024

UK Motor Insurer Direct Line to Cut 550 Jobs in Turnaround Bid

Direct Line Insurance Group Plc, the UK insurer that rejected a takeover attempt by Belgian rival Ageas SA earlier this year, is set to cut about 550 jobs as part of a turnaround plan aimed at saving £50 million ($64 …

Posted: Nov 12, 2024

Global Warming Is Already on the Cusp of 1.5C, New Research Finds

A newly proposed method for calculating the global temperature suggests that countries may have already failed their main climate goal: to limit warming to below 1.5C. Scientists using the method say the world was 1.49C hotter than in pre-industrial...

Posted: Nov 12, 2024