Insurance Journal
Australia’s corporate regulator is taking QBE to court, alleging that the country’s biggest insurer by gross written premiums misled more than half a million customers about discounts on various products during a five-year period. The Aus...
Posted: Oct 23, 2024
The National Oceanic and Atmospheric Administration’s Climate Prediction Center says there is a 60% chance that a weak La Niña event will develop this autumn and could last until March. La Niña is part of a natural climate cycle that …
Posted: Oct 23, 2024
Meta Platforms and Chief Executive Mark Zuckerberg won the dismissal of a lawsuit claiming they misled shareholders in Meta’s proxy statement about their ability to ensure the safety of children who use Facebook and Instagram. In a decision on...
Posted: Oct 23, 2024
Insurers often include exclusions within their liability policies to prohibit coverage for claims arising out of pollution exposure. The exact wording of the exclusion can differ significantly, but the key issue is whether the underlying allegations...
Posted: Oct 23, 2024
Connecticut Attorney General William Tong announced a settlement with Guardian Analytics, Inc. and its successor Actimize, Inc., resolving an investigation into a data breach affecting Webster Bank customers’ data. Under the settlement, Guardia...
Posted: Oct 23, 2024
Walmart will pay $7.5 million to resolve charges that the largest U.S. retailer illegally disposed of hazardous and medical waste from its facilities into California municipal landfills. The settlement was announced on Tuesday by California Attorney...
Posted: Oct 23, 2024
A man who worked for United Way in Massachusetts was convicted in federal court of taking $6.7 million from the nonprofit through an information technology company that he secretly owned. Imran Alrai, 59, was convicted Wednesday in Concord, New Hamps...
Posted: Oct 23, 2024
ALKEME acquired Pinnacle Insurance Consultants in Scottsdale, Arizona. Pinnacle Insurance Consultants specializes in errors & omissions insurance for real estate firms. ALKEME is an insurance agency providing businesses and individuals with comme...
Posted: Oct 23, 2024
Four hacked companies will pay a total of almost $7 million to settle US Securities and Exchange Commission allegations that they downplayed the significance of the cyberattacks, the latest fallout from the massive SolarWinds Corp. breach. Unisys Cor...
Posted: Oct 23, 2024
Risk Strategies appointed Jeff Clinkscales as senior vice president, private client services leader for the west region. He oversees the region’s sales and service teams, manages relationships with carrier partners and other third parties and w...
Posted: Oct 23, 2024
This post is part of a series sponsored by Selectsys. Managing multi-carrier processes presents significant challenges for Managing General Agents (MGAs). With increasing complexity in the insurance landscape, MGAs must juggle multiple systems, stay...
Posted: Oct 22, 2024
Unison Risk Advisors (URA) reports that Avondale Insurance Associates has joined the firm and is the first company to join URA’s non-retail division. Established in 2006, Avondale Insurance Associates is an excess and surplus lines underwriting...
Posted: Oct 22, 2024
Unison Risk Advisors (URA) reports that Avondale Insurance Associates has joined the firm and is the first company to join URA’s non-retail division. Established in 2006, Avondale Insurance Associates is an excess and surplus lines underwriting...
Posted: Oct 22, 2024
HDI Global U.S. Appoints Long as US Casualty Lead HDI Global Insurance Company (HGIC), the U.S. subsidiary of inter-national corporate and specialty insurer HDI Global SE (HDI), headquartered in Chicago, appointed Thomas Long as U.S. casualty lead. W...
Posted: Oct 22, 2024
An agreement by Vale, BHP and their joint venture Samarco to pay 170 billion reais ($29.85 billion) in compensation for a deadly dam collapse in Brazil could end more than a hundred lawsuits against the mining companies in the South …
Posted: Oct 22, 2024
Hurricane Milton caused an estimated $1.5 billion to $2.5 billion in damage to Florida’s crops and agricultural infrastructure, according to a preliminary assessment released by the state’s Department of Agriculture and Consumer Services...
Posted: Oct 22, 2024
The federal Occupational Safety and Health Administration (OSHA) must do more to address ergonomic hazards at warehouses and delivery companies, where the number of injured workers in the growing sector are on the rise, a new report advises. The Gove...
Posted: Oct 22, 2024
State Farm will provide smoke alarms to more than 1,300 Texas homes during the Out to Alarm Texas 2024 campaign, the Insurance Council of Texas shared. The initiative was created in 2005 as a way mitigate the loss of life …
Posted: Oct 22, 2024
Louisiana nursing home owner Bob Dean Jr. and several companies he operated have agreed to an $8.2 million consent judgment to resolve allegations that they misappropriated and misused the assets and income of four nursing homes in Louisiana before a...
Posted: Oct 22, 2024
Donald Trump is facing a defamation lawsuit over comments he made during the September presidential debate about five men who were wrongly convicted in the 1989 jogger rape case and came to be known as the “Central Park Five.” The …
Posted: Oct 22, 2024
Phoenix has become a nerve-wracking bellwether for extreme heat. Arizona’s capital recently endured a three-week stretch when every day broke a heat record, with thermometers peaking at 117F (47C) on Sept. 28. Yet even below the threshold of sm...
Posted: Oct 22, 2024
U.S. Environmental Protection Agency announced a $180,000 settlement with All Point Construction LLC in Allen Park, Michigan to resolve alleged violations of the federal lead renovation, repair and painting regulations. After receiving a complaint fr...
Posted: Oct 22, 2024
The US Supreme Court declined to hear an appeal that sought to give the president control over agencies that have long operated independently, potentially including the Federal Trade Commission and Securities and Exchange Commission. The appeal, pres...
Posted: Oct 22, 2024
Price pressures have eased substantially over the past two years, but a disconnect remains between what US inflation data show and what millions of Americans experience with their finances. That’s in part because price levels are still higher t...
Posted: Oct 22, 2024
One of the energy market’s open questions since Russia’s invasion of Ukraine has been who’s insuring the tankers moving Moscow’s petroleum against the risk of a catastrophic oil spill. The answer is that while some are still c...
Posted: Oct 22, 2024