Insurance Journal
The Laurels of Athens, a nursing and rehabilitation facility in Athens, Ohio, owned and operated by Laurel Heath Care Company, Athens LTC, Inc., Ciena Healthcare Management, Inc., and Ciena Group, LLC, will pay $150,000 and provide other relief to se...
Posted: Aug 21, 2024
The parents of a former student accused of killing 10 people at a high school near Houston in 2018 do not bear financial responsibility for the shooting, a jury decided Monday. A lawsuit brought by victims and their families sought …
Posted: Aug 21, 2024
Texans set an unofficial record in electricity use Tuesday as soaring temperatures spurred homeowners, schools and businesses to crank up air conditioners. Power demand on the state grid rose to 85,559 megawatts at 6 p.m. local time, topping the Augu...
Posted: Aug 21, 2024
Florida Peninsula Managers, the managing general agency for Florida Peninsula Insurance and Edison Insurance, has officially changed its name to Windward Risk Managers, the name of the company that has managed it for years. The change comes a month a...
Posted: Aug 21, 2024
One year after it was approved for the Florida market, Mainsail Insurance Co. has been sold to Emerald Bay Risk Solutions, an underwriter and fronting carrier that was launched earlier this year. The move will help expand business in the …
Posted: Aug 21, 2024
Kroger Co. is seeking to block the Federal Trade Commission’s in-house case against its proposed purchase of rival grocer Albertsons Cos., claiming the proceeding is unconstitutional. The FTC, eight states and Washington, DC, challenged the Kro...
Posted: Aug 21, 2024
The Malawian government has received an insurance payout of $11.2 million for a crippling El Niño-linked drought that led the southern African nation to declare a state of disaster earlier this year. The payout was given to Malawi this month, …
Posted: Aug 21, 2024
Wall Street’s top regulator on Tuesday voted 3-2 to bless new rules making it easier for an audit watchdog to hold people responsible for audit firms’ violations. Divided along party lines, the five-member U.S. Securities and Exchange Com...
Posted: Aug 21, 2024
Thunderstorm alerts are in place for a swath of Europe from Poland and Hungary to Italy and Greece. There are orange warnings for northern Greece, as the summer heat gives way to violent storms and the risk of flooding. Serbia …
Posted: Aug 21, 2024
Rokstone, the Aventum Group’s international re/insurance MGA, announced a multi-year, multi-strategy capacity agreement with Accredited Insurance Program Management, a leading global program manager. The partnership includes both US and interna...
Posted: Aug 21, 2024
Italian divers on Wednesday prepared for a third day of search and rescue efforts around a sunken yacht off Sicily, where British tech entrepreneur Mike Lynch, Morgan Stanley International chairman Jonathan Bloomer and four others were feared to have...
Posted: Aug 21, 2024
Italian divers on Wednesday retrieved four bodies from a sunken yacht off Sicily, where British tech entrepreneur Mike Lynch and Morgan Stanley International chairman Jonathan Bloomer were among those feared to have died earlier this week. Six people...
Posted: Aug 21, 2024
Italian divers have retrieved four bodies from a sunken yacht off Sicily, where British tech entrepreneur Mike Lynch and Morgan Stanley International chairman Jonathan Bloomer were among those feared to have died earlier this week. While four people...
Posted: Aug 21, 2024
Italian search and rescue teams have retrieved a fifth body from a sunken yacht off Sicily, where British tech tycoon Mike Lynch and Morgan Stanley International chair Jonathan Bloomer are among those feared to have died. The body was recovered ̷...
Posted: Aug 21, 2024
US firms have warned that parts of a proposed cyber law could grant the Hong Kong government unusual access to their computer systems, highlighting the latest challenge to Western tech giants in the city. The Asia Internet Coalition, which includes &...
Posted: Aug 21, 2024
Insurance Australia Group said on Wednesday it expects premiums to keep rising because of a huge jump in loss claims and third-party costs for home and automobile repairs, sending its shares more than 3% lower. IAG said the money it …
Posted: Aug 21, 2024
Losses in Puerto Rico from Hurricane Ernesto are expected to be absorbed by the island’s domiciled insurers, according to industry rating AM Best. Initial feedback from AM Best-rated insurers—though it is early in the claims process—indicates t...
Posted: Aug 21, 2024
Insurance broker Marsh announced the launch of what it said is a first of its kind $50 million port blockage insurance facility, covering shipping ports and terminals around the world. The insurance facility can be purchased independently or used to...
Posted: Aug 21, 2024
Litigation that seeks to win Medicare reimbursements from insurance companies has become a huge business over the last decade, making one Miami lawyer a billionaire and causing expensive, ongoing legal headaches for property-casualty insurers. But th...
Posted: Aug 21, 2024
A federal judge temporarily cleared the way Monday for a transgender girl to play soccer for her high school team while she and another student challenge a New Hampshire ban. The families of Parker Tirrell, 15, and Iris Turmelle, 14, …
Posted: Aug 21, 2024
A U.S. appeals court said Google must face a revived lawsuit by Google Chrome users who said the company collected their personal information without permission, after they chose not to synchronize their browsers with their Google accounts. The 9th U...
Posted: Aug 21, 2024
The city of Baltimore has reached a $152.5 million settlement with Cardinal Health to resolve the city’s claims against the opioid distributor related to its role in the opioid epidemic. Baltimore Mayor Brandon M. Scott announced that Cardinal...
Posted: Aug 21, 2024
The city of Baltimore has reached a $152.5 million settlement with Cardinal Health to resolve the city’s claims against the opioid distributor related to its role in the opioid epidemic. Baltimore Mayor Brandon M. Scott announced that Cardinal...
Posted: Aug 21, 2024
A federal judge ruled the US Federal Trade Commission can’t enforce its near-total ban on noncompete agreements that was set to go into effect next month, blocking an effort by the agency to make labor markets more competitive. In a …
Posted: Aug 21, 2024
Alphabet’s Waymo said on Tuesday it had doubled its paid rides to 100,000 per week in just over three months as the autonomous ride-hailing firm expanded its areas of service and allowed more people to ride its robotaxis. Waymo’s expansio...
Posted: Aug 21, 2024