Insurance Journal

Alex Jones’ Infowars to Be Liquidated at Auctions to Pay Sandy Hook Families

Conspiracy theorist Alex Jones ‘ Infowars media platform and its assets will be sold off piece by piece in auctions this fall to help pay the more than $1 billion he owes relatives of victims of the Sandy Hook Elementary …

Posted: Sep 26, 2024

American Eagle Outfitters Sues Amazon for Infringing ‘Aerie’ Trademarks

American Eagle Outfitters sued Amazon.com on Wednesday, accusing it of intentionally infringing the clothing and accessories retailer’s “Aerie” and “Offline by Aerie” trademarks by directing customers to knock-off mercha...

Posted: Sep 26, 2024

Shell, Equinor, TotalEnergies Open CO2 Storage Facility in Norway

Shell, Equinor and TotalEnergies said on Thursday their carbon dioxide (CO2) storage project on Norway’s west coast is now completed and ready to receive CO2, with its first deliveries expected next year. Carbon capture and storage (CCS) has lo...

Posted: Sep 26, 2024

Ecuador Fires Threaten Wealthy Areas, Force President to Return Home

Wealthy neighborhoods in Quito remain under threat of flames, and schools have shifted to online teaching through the end of the week as firefighters battle forest fires in Ecuador’s capital. Quito Mayor Pabel Muñoz of the left-wing Citizen Rev...

Posted: Sep 26, 2024

Markets/Coverages: Markel Expands Specialist Tech Insurance Offering in UK

Markel, the insurance operations within the Markel Group Inc., has launched an enhanced insurance proposition tailored to meet the evolving needs of the UK’s growing tech sector. The enhanced product, MarkelTech, is aimed at start-ups, small-an...

Posted: Sep 26, 2024

Crimes Against Customers: Part 3 – Technology Crimes

This post is part of a series sponsored by AgentSync. Insurance compliance is serious business. Falling out of compliance can have real consequences for everyone from insurance agencies, carriers, MGAs, and MGUs, to individual producers, adjusters, a...

Posted: Sep 26, 2024

A $9.5 Trillion Investor Group Unveils Milestone Emissions Cuts

Institutional investors holding a combined $9.5 trillion of assets say they’ve slashed portfolio emissions at a rate that aligns them with the goal of limiting global warming to the critical threshold of 1.5C. The Net-Zero Asset Owner Alliance,...

Posted: Sep 26, 2024

India Insurer Star Health Sues Telegram After Hacker Uses App’s Chatbots to Leak Data

Top Indian insurer Star Health has sued Telegram and a self-styled hacker after Reuters reported that the hacker was using chatbots on the messaging app to leak personal data and medical reports of policy holders. Star has received a temporary &#8230...

Posted: Sep 26, 2024

Why US Home Insurance Rates Are Rising Fast – Climate Change Plays a Big Role

Millions of Americans have been watching with growing alarm as their homeowners insurance premiums rise and their coverage shrinks. Nationwide, premiums rose 34% between 2017 and 2023, and they continued to rise in 2024 across much of the country. To...

Posted: Sep 26, 2024

State Farm Posts Worst HO Loss Ratio Since 2011; Peers Recover: S&P

State Farm was the only one of 10 major players in the homeowners insurance market reporting a worse second-quarter loss ratio for the line than it did in 2023, according to a new analysis. The outlier result came even as …

Posted: Sep 26, 2024

Investigators Arrest Suspect From Washington Insurance Commissioner’s Most Wanted List

An Everett woman on Washington Insurance Commissioner Mike Kreidler’s Insurance Fraud Most Wanted list who failed to appear for her arraignment has been arrested. Shawndlyn Williams, who also goes by Shawndlyn Dyson, was charged by the King Cou...

Posted: Sep 26, 2024

Woman Arrested From Washington Insurance Commissioner’s Most Wanted List

An Everett woman on Washington Insurance Commissioner Mike Kreidler’s Insurance Fraud Most Wanted list who failed to appear for her arraignment has been arrested. Shawndlyn Williams, who also goes by Shawndlyn Dyson, was charged by the King Cou...

Posted: Sep 26, 2024

Passenger Killed When Horse Smashed Through Windshield on California Highway

The passenger in a car was killed when a horse smashed through the windshield during a series of crashes on a Southern California interstate, authorities said. The first collision occurred about 2 a.m. Sunday when a Toyota Tacoma towing a …

Posted: Sep 26, 2024

Snowmobiler Who Crashed Into Black Hawk Helicopter on Path Awarded $3 Million

The federal government was mostly responsible for a nighttime collision involving a snowmobiler who nearly died after hitting a Black Hawk helicopter that was parked on a Massachusetts trail, a judge ruled in awarding him $3.3 million in damages. U.S...

Posted: Sep 26, 2024

Norcross Defense Team Pans Racketeering Case as ‘Crime Thriller With No Crime’

Lawyers for New Jersey insurance executive and political power broker George Norcross III say the state’s 111-page indictment against him and others for alleged racketeering is a “crime thriller with no crime.” In calling for dismis...

Posted: Sep 26, 2024

Selectsys Max and Hub: The Ultimate End-to-End Solution for Next-Gen Insurance Management

This post is part of a series sponsored by Selectsys. Introduction In today’s fast-paced and increasingly digital insurance landscape, the need for an all-encompassing, flexible, and scalable management system is greater than ever. Enter Select...

Posted: Sep 25, 2024

Cease and Desist Order Issued Against Iowa Contractor

The Iowa Insurance Division has issued a cease-and-desist orderagainst William Campbell and All or Nothing LLC, a Clive, Iowa limited liability company doing business as All or Nothing Roofing and Construction. The order claims that Campbell and his...

Posted: Sep 25, 2024

Oklahoma Supreme Court Denies Rehearing for Survivors of Tulsa Race Massacre Lawsuit

OKLAHOMA CITY (AP) — The Oklahoma Supreme Court has rejected a request to reconsider its ruling to dismiss a lawsuit filed by the last two known living survivors of the 1921 Tulsa Race Massacre. Without comment, seven members of the …

Posted: Sep 25, 2024

Oklahoma High Court Denies Rehearing for Survivors of Tulsa Race Massacre

OKLAHOMA CITY (AP) — The Oklahoma Supreme Court has rejected a request to reconsider its ruling to dismiss a lawsuit filed by the last two known living survivors of the 1921 Tulsa Race Massacre. Without comment, seven members of the …

Posted: Sep 25, 2024

Judge Denies Texas Attorney General’s Attempt to Halt Gun Ban at State Fair

DALLAS (AP) — A judge last week denied a effort by Texas Attorney General Ken Paxton to halt the recently announced ban on guns at the State Fair of Texas. Dallas County District Judge Emily Tobolowsky denied the state’s request …

Posted: Sep 25, 2024

3 Tufts Lacrosse Players Remain Hospitalized With Rare Muscle Injury

Three Tufts University men’s lacrosse players remained hospitalized with a rare muscle injury Monday after participating in a voluntary, supervised 45-minute workout earlier this month, according to a university spokesperson. The players became...

Posted: Sep 25, 2024

People Moves: Greggains Joins Irwin Siegel as President; Plymouth Rock Appoints Fornari

Irwin Siegel Agency (ISA), headquartered in Rock Hill, New York, named Nick Greggains as president. ISA is a managing general underwriter and part of Ryan Specialty Underwriting Managers. Greggains is involved in finalizing the launch of ISA’s...

Posted: Sep 25, 2024

People Moves: Price Forbes Re Taps Howden’s Waterhouse as Head of Property Fac; AXA XL Appoints Unde...

This edition of International People Moves details appointments at Price Forbes Re and AXA XL. A summary of these new hires follows here. Price Forbes Re Taps Howden’s Waterhouse as Head of Property Fac Price Forbes Re, the London-based special...

Posted: Sep 25, 2024

Cape Cod Margaritaville Contractor Owes $300K in Workers’ Pay Plus $70K Penalty

A Virginia-based construction company converting a Cape Cod hotel into a Margaritaville Resort has reached a settlement with the state of Massachusetts over wage violations affecting 78 workers. Massachusetts Attorney General Andrea Joy Campbell anno...

Posted: Sep 25, 2024

Cal/OSHA Cautioning Employers to Protect Workers From Wildfire Smoke

Cal/OSHA is urging employers to protect workers from unhealthy air due to wildfire smoke. The Line Fire is impacting air quality in areas around San Bernardino and Riverside counties. Employers are required to monitor air quality, adjust work practic...

Posted: Sep 25, 2024