Insurance Journal
Hawaii Employers’ Mutual Insurance Company Inc. is giving policyholders the largest dividend in the workers’ compensation carrier’s history. The HEMIC board of directors recently announced a $5 million dividend to qualifying policyh...
Posted: Sep 18, 2024
A U.S. Department of Labor investigation has recovered $77,206 in back wages for five workers employed on a federally funded construction project after finding one subcontractor failed to pay prevailing wages and fringe benefits and another submitted...
Posted: Sep 18, 2024
A Ridgefield, Washington cabinet company has been cited for numerous safety violations including unguarded saw blades, spraying flammable glue next to ignition sources and not taking steps to lock down dangerous machinery. The Washington State Depart...
Posted: Sep 18, 2024
This post is part of a series sponsored by Selectsys. Introduction In today’s data-driven world, the ability to quickly and accurately extract information from documents is crucial for the insurance industry. Manual data entry is not only time-...
Posted: Sep 17, 2024
California Insurance Commissioner Ricardo Lara and Cal Poly Humboldt plan to form a strategy group to undertake what Lara says will be the nation’s first public wildfire catastrophe model. The plan is for the group to draw from California’...
Posted: Sep 17, 2024
California Insurance Commissioner Ricardo Lara and Cal Poly Humboldt plan to form a strategy group to undertake what Lara says will be the nation’s first public wildfire catastrophe model. The plan is for the group to draw from California’...
Posted: Sep 17, 2024
The Louisiana Department of Insurance announced that registration for the next round of Louisiana Fortified Homes Program grants will open at 8 a.m. CT, Wednesday, Sept. 18, and close at 5 p.m. CT, on Friday, Sept. 20. Registration for this …
Posted: Sep 17, 2024
BEDFORD, Ohio (AP) — An 8-year-old girl took an SUV from her Ohio home and drove for miles to a store where she was later found unharmed, authorities said. The girl, whose name was not released, and the vehicle — …
Posted: Sep 17, 2024
DALLAS (AP) — A vehicle crossed into oncoming traffic on a Dallas interstate and collided with two other vehicles in a crash that left four people dead, police said. The multi-vehicle accident happened about 1 p.m. Saturday on Interstate 45 …
Posted: Sep 17, 2024
Nebraska certified two ballot measures Friday to legalize medical marijuana even though the state’s Republican attorney general said their supporters may have submitted at least several thousand invalid signatures, which could keep them from be...
Posted: Sep 17, 2024
DES MOINES, Iowa (AP) — Ten more Iowa and Iowa State athletes and an Iowa basketball equipment manager ensnared in a 2023 state gambling sting joined a civil lawsuit Tuesday seeking unspecified monetary damages from the state and its public …
Posted: Sep 17, 2024
Firefighters in the Houston suburb of La Porte were working to extinguish a pipeline fire that forced residents to evacuate some areas. The blast occurred at a valve station on a 20-inch (51-centimeter) pipeline operated by Energy Transfer LP, the &#...
Posted: Sep 17, 2024
A school district in Tennessee temporarily lost more than $3 million after a district employee was duped into sending funds to a fake vendor. The finance director for the Johnson County Board of Education, in northeast Tennessee, in March wired ̷...
Posted: Sep 17, 2024
Cigna Group’s Express Scripts sued the US Federal Trade Commission over a recent report that the company said demonizes pharmacy benefit managers and asked the court to order the agency to retract it. The lawsuit escalates the conflict between...
Posted: Sep 17, 2024
PCF Insurance Services acquired the insurance business of Top Insurance Associates in Snohomish, Washington. The Top Insurance Associates team will join PCF Insurance’s Fortiphi Insurance. Top Insurance Associates offers personal and commercial...
Posted: Sep 17, 2024
Parts of North Carolina saw something Monday that has not been seen in hundreds, perhaps 1,000 years – 18 inches of rain in half a day. That’s “once in every 1,000 years!” the National Weather Service said on social media …
Posted: Sep 17, 2024
Parts of North Carolina saw something Monday that has not been seen in hundreds, perhaps 1,000 years – 18 inches of rain in half a day. That’s “once in every 1,000 years!” the National Weather Service said on social media …
Posted: Sep 17, 2024
Baltimore-based Maury, Donnelly & Parr, Inc. (MDP) reported its acquisition of another Maryland insurance agency, Campion Insurance in Bel Air. MDP said the merger broadens its reach and service offerings across the Mid-Atlantic region, including...
Posted: Sep 17, 2024
This edition of International People Moves details appointments at AXIS Capital Holdings and Marsh McLennan. A summary of these new hires follows here. AXIS Names Chubb’s Mitchell as Head of Global Markets, Succeeding Gregory AXIS Capital Holdi...
Posted: Sep 17, 2024
US property insurance rates are decreasing for the first time in almost seven years, after insurers returned to profitability amid lower losses tied to catastrophes. The average US property insurance rate decreased 0.94% in the second quarter from a...
Posted: Sep 17, 2024
Russian company RusChemAlliance has filed new lawsuits against five European banks that stopped financing the construction of a gas project in Russia after the West imposed sanctions against Moscow over the 2022 invasion of Ukraine. The lawsuits, all...
Posted: Sep 17, 2024
Howden, the London-based insurance intermediary group, announced its launch into the Japanese retail insurance broking and captive consulting and management markets with the acquisition of Foresight Holdings Co. Ltd. Also announced was the appointmen...
Posted: Sep 17, 2024
The Brazilian government confirmed on Monday it was in talks on a potential $18 billion payout from a trio of miners involved in a deadly 2015 dam collapse, saying the deal could also involve further repair work by the companies …
Posted: Sep 17, 2024
The focus of a lengthy probe into PricewaterhouseCoopers LLP’s China business now shifts to Hong Kong after the accounting firm was hit with a record fine in the mainland over its audit of failed developer China Evergrande Group. Hong Kong̵...
Posted: Sep 17, 2024
Private equity firms have changed the business models of life insurers they invest in, posing risks that are more likely to materialize with higher interest rates, according to researchers at the Bank for International Settlements. Buyout firms chann...
Posted: Sep 17, 2024