Insurance Journal
The litigation-financing industry could see new demand from an increase in health care lawsuits, according to Christopher Bogart, chief executive officer of litigation funder Burford Capital Ltd. “There is such enormous economic pressure in the...
Posted: Oct 02, 2024
Crest Insurance Group acquired Alliance Insurance Agency LLC in Colorado. Crest’s Colorado operations center around its Denver hub and expand to Longmont and Fort Collins. The Alliance deal adds Arvada to the footprint and adds 20 employees to...
Posted: Oct 02, 2024
Maine environmental officials said all water samples analyzed so far in the wake of the state’s largest recorded accidental spill of firefighting foam are below its guidelines for potentially dangerous chemicals. A fire suppression system at a...
Posted: Oct 02, 2024
Maine environmental officials said all water samples analyzed so far in the wake of the state’s largest recorded accidental spill of firefighting foam are below its guidelines for potentially dangerous chemicals. A fire suppression system at a...
Posted: Oct 02, 2024
This post is part of a series sponsored by Selectsys. In the highly competitive insurance industry, the policy lifecycle doesn’t end with the initial sale. Instead, the renewal and retention phases are critical touchpoints that can significantl...
Posted: Oct 01, 2024
Minden Seafood, LLC, a seafood restaurant in Minden, Louisiana, violated federal law when it failed to stop a male worker from repeatedly sexually harassing a female employee and refused to rehire her after she quit, the U.S. Equal Employment Opportu...
Posted: Oct 01, 2024
Alliant Insurance announced that a first-of-its-kind degree program at Southern University and A&M College has received final approval from the Louisiana State Board of Regents. The Alliant Insurance Foundation Degree Plan Program at Southern Uni...
Posted: Oct 01, 2024
Alliant Insurance announced that a first-of-its-kind degree program at Southern University and A&M College has received final approval from the Louisiana State Board of Regents. The Alliant Insurance Foundation Degree Plan Program at Southern Uni...
Posted: Oct 01, 2024
VAN BUREN TOWNSHIP, Mich. (AP) — A federal agency said it has resumed sending hazardous waste to a Michigan landfill from Ohio while communities in suburban Detroit continue their legal fight to bar waste from a World War II-era site …
Posted: Oct 01, 2024
HOWELL, Mich. (AP) — A 12-year-old boy died after he was struck by a tree that fell at a southeastern Michigan nature center where he and classmates were on a field trip, authorities said. Declan Carter was at the Howell …
Posted: Oct 01, 2024
Global insurance broker WTW has agreed to sell its direct-to-consumer insurance distribution business, Tranzact, to the private equity firm GTCR and Recognize, a technology services investment platform, for $632.4 million. “With the sale of Tra...
Posted: Oct 01, 2024
Insurance agents in the mountain city of Asheville, North Carolina, said they and their policyholders have been stunned by the catastrophic damage brought so far inland by Hurricane Helene, which dumped 14 inches of rain on the picturesque community...
Posted: Oct 01, 2024
Dockworkers on the U.S. East Coast and Gulf Coast began a strike early on Tuesday, their first large-scale stoppage in nearly 50 years, halting the flow of about half the nation’s ocean shipping after negotiations for a new labor contract ̷...
Posted: Oct 01, 2024
As it has many times before, the International Longshore Association (ILA) threatened a strike, beginning October 1, that would shut down major ports along the Atlantic and Gulf coasts of the United States, with significant repercussions for global t...
Posted: Oct 01, 2024
California Gov. Gavin Newsom vetoed a landmark bill aimed at establishing first-in-the-nation safety measures for large artificial intelligence models. The decision is a major blow to efforts attempting to rein in the homegrown industry that is rapid...
Posted: Oct 01, 2024
A Pennsylvania jury has awarded a $23.87 million verdict to James Spangler, a 58-year-old Harley Davidson mechanic from Manchester who suffered catastrophic injuries following a botched spinal surgery. The verdict represents the largest published med...
Posted: Oct 01, 2024
An explosive-laden drone boat slammed into an oil tanker as it sailed past the coast of Yemen, a sign Israeli airstrikes haven’t deterred the country’s Houthi militants from attacking commercial shipping. The 900-foot ship was hit by an u...
Posted: Oct 01, 2024
CONYERS, Ga. (AP) — Some residents east of Atlanta were evacuated while others were told to shelter in place Sunday to avoid contaminants from a chemical plant fire that sent a massive plume of dark smoke high into the sky …
Posted: Oct 01, 2024
The average cost of workers’ compensation claims in Delaware, for cases with more than seven days of lost work, went up by 3% per year between 2019 and 2022, according to a new study from the Workers Compensation Research Institute …
Posted: Oct 01, 2024
Partnership will offer Big ‘I’ members and state associations one-hour insurance training modules. October 1, 2024—The Big “I” is pleased to announce a strategic partnership with the Insurance Journal‘s Academy of Insura...
Posted: Oct 01, 2024
Tesla and its CEO Elon Musk on Monday won the dismissal of a lawsuit accusing them of defrauding shareholders by overstating the effectiveness and safety of the automaker’s self-driving technology in order to boost its stock price. U.S. Distric...
Posted: Oct 01, 2024
This post is part of a series sponsored by AgentSync. Adjuster licensing is famously terrible. Ask anyone who has ever been an adjuster. Or handled adjuster compliance. Or even regulated adjusters for their state department of insurance. There are a...
Posted: Oct 01, 2024
Miller, the London-based specialist re/insurance broker, announce it has completed the acquisition of Madrid-based commercial insurance broker Bruzon Correduría de Seguros y Reaseguros. The transaction, which first was announced in May, closed on Sep...
Posted: Oct 01, 2024
This edition of International People Moves details appointments at Liberty Specialty Markets, the MGA Pen Underwriting, and Lloyd’s syndicate, AEGIS London. A summary of these new hires follows here. Liberty Specialty Markets Promotes Nelson to...
Posted: Oct 01, 2024
Europe’s winter is forecast to be colder than last year — Germany’s third-mildest on record — as a weakened La Niña finally arrives, but it will still be warmer than longer-term averages. France, the UK and Scandinavia will be the …
Posted: Oct 01, 2024