Insurance Journal
Four years after Jerry Falwell Jr. resigned as the head of Liberty University amid a series of personal scandals, he and the evangelical school founded by his father have announced a settlement of “all outstanding disputes on both legal and ...
Posted: Aug 01, 2024
Software company Pegasystems convinced a Virginia appeals court on Tuesday to throw out a $2 billion jury verdict for rival Appian in a court battle over Pegasystems’ alleged theft of Appian’s trade secrets. The award from 2022 had been t...
Posted: Aug 01, 2024
Miller, the London-based independent specialist re/insurance broker, announced the acquisition of reinsurance capital advisory business 4809 Brokers AG. Financial details were not disclosed. As its third Continental European acquisition since 2022, M...
Posted: Aug 01, 2024
SKOPJE, North Macedonia (AP) — North Macedonia said it was seeking further assistance from the European Union Tuesday to combat wildfires that continue to burn out of control in heatwave temperatures and have crossed the southern border into Greece....
Posted: Aug 01, 2024
Financial services and insurance provider CBIZ said on Wednesday it would buy Marcum, one of the biggest accounting services providers in the United States, in a $2.3 billion cash-and-stock deal. The accounting market in the U.S. is dominated by the...
Posted: Aug 01, 2024
Economic liability associated with the remediation of perfluoroalkyl and polyfluoroalkyl substances (PFAS) in U.S. water districts is estimated to be between $120 billion and $175 billion, according to global consulting and actuarial firm Milliman In...
Posted: Aug 01, 2024
International treaties preempt state-based legal actions, giving an air transport company a escape from claims on what a hemp producer said was botched paperwork for an overseas hemp shipment, a federal appeals court said. The ruling by the U.S. 4th...
Posted: Aug 01, 2024
When actuary Greg Fears attended a Western Region Captive Insurance Conference in April, he expected to learn and share information about emerging uses of captives for commercial risks, including trucking captives—a recent focus of his attention. But...
Posted: Aug 01, 2024
In one of the nation’s largest wage recovery judgments, a Pennsylvania federal court has awarded $35.8 million in overtime back wages and liquidated damages to 6,000 current and former workers in nursing, rehabilitation and assisted living faci...
Posted: Aug 01, 2024
In one of the nation’s largest wage recovery judgments, a Pennsylvania federal court has awarded $35.8 million in overtime back wages and liquidated damages to 6,000 current and former workers in nursing, rehabilitation and assisted living faci...
Posted: Aug 01, 2024
In one of the nation’s largest wage recovery judgments, a Pennsylvania federal court has awarded $35.8 million in overtime back wages and liquidated damages to 6,000 current and former workers in nursing, rehabilitation and assisted living faci...
Posted: Aug 01, 2024
WCF Insurance Promotes Houting to SVP of Middle Market WCF Insurance, headquartered in Sandy, Utah, promoted Ken Houting to senior vice president of middle market. Houting leads growth and expansion of WCF’s middle market business unit. Houting...
Posted: Aug 01, 2024
CrowdStrike has been sued by shareholders who said the cybersecurity company defrauded them by concealing how its inadequate software testing could cause the July 19 global outage that crashed more than 8 million computers. In a proposed class action...
Posted: Jul 31, 2024
The formal split of its life and retirement business Corebridge Financial resulted in a second quarter net loss of nearly $4 billion for American International Group (AIG). The deconsolidation and divestitures from last year affected AIG’s gene...
Posted: Jul 31, 2024
Written premium for the first quarter of 2024 was 3% lower than the first quarter of 2023, while written premium in 2023 was slightly above 2022, according to the Workers’ Compensation Insurance Rating Bureau of California. The WCIRB released i...
Posted: Jul 31, 2024
NEW DELHI (AP) — Multiple landslides in southern India have killed 93 people and many others are feared trapped under the debris, officials said Tuesday, after torrential rains triggered torrents of mud and water that swept through tea estates and &#...
Posted: Jul 31, 2024
JM Wilson, headquartered in Portage, Michigan, hired Gina Deryas as a transportation renewal underwriter and Brian Bragg as a transportation underwriter. JM Wilson team member Joe Delaney was promoted to transportation underwriter. Deryas is responsi...
Posted: Jul 31, 2024
This edition of International People Moves details appointments at Swiss Re and MNK Re. A summary of these new hires follows here. Malmström Named Swiss Re’s Group CFO as Dacey Retires Swiss Re announced that Anders Malmström will succeed John...
Posted: Jul 31, 2024
Verisk’s Property Claim Services unit confirmed reports it has designated the recent global information technology outage as a cyber catastrophe event. With the designation, PCS Global Cyber believes what has come to be known as the CrowdStrike...
Posted: Jul 31, 2024
The New York personal lines carrier Adirondack Insurance Exchange (AIE) is facing financial difficulties and has told its agents and customers that it is working on a transition plan for all existing policies. The insurer urged agents and customers t...
Posted: Jul 31, 2024
The Tampa Bay Rays received final approval Tuesday for their proposal to build a new ballpark in St. Petersburg, Florida, capping a years-long process that had clouded the future of the Major League Baseball team. The Pinellas County Commission voted...
Posted: Jul 31, 2024
The Liberty Company Insurance Brokers has named Chenoa Dall vice president and an employee benefits producer, based in Naples, Florida. Dall, originally from Vermont, was previously with Brown & Brown Insurance and with McGriff Insurance, where s...
Posted: Jul 31, 2024
IMA Financial Group, Inc. has expanded its team in New York City, hiring Shawn A. Jacobs for the newly created role of employee benefits new business client executive. Jacobs serves as an insurance and employee benefits advisor and liaison between &#...
Posted: Jul 31, 2024
FORT LAUDERDALE, Fla. (AP) — A Florida police union leader blasted prosecutors Monday for bringing a criminal case against four officers over a 2019 shootout with two robbers that left a UPS driver and a passerby dead, saying they had …
Posted: Jul 31, 2024
The Park Fire near Chico, California, at 609 square miles is now the fifth largest wildfire in history, destroying 277 structures and damaging 29, according to CalFire. The fire covers four counties—Butte, Plumas, Shasta, Tehama—and is 389,791 acres....
Posted: Jul 31, 2024