Insurance Journal
Two years after the U.S. Department of Labor added Kyoei Steel LTD to its program for severe violators of federal safety and health regulations, inspectors returned for a follow-up inspection at the Vinton, Texas steel fabrication and recycling facil...
Posted: Jul 12, 2024
Days after Hurricane Beryl crashed through the city, Houston is still grappling with the aftershocks. Large swaths of America’s fourth-largest city are still without power, shutting stores and snarling traffic at non-functioning lights. Gas sta...
Posted: Jul 12, 2024
CHARLESTON, W.Va. (AP) — A judge approved a $1 million settlement Tuesday in a wrongful death lawsuit that accused West Virginia state police troopers of using excessive force on a Maryland man who was walking along a highway last year. …
Posted: Jul 12, 2024
MARION, N.C. (AP) — Three people were killed when a small plane crashed in western North Carolina, officials said Monday. McDowell County Emergency Management said in a statement that emergency personnel responding to a report of a missing small plan...
Posted: Jul 12, 2024
MEMPHIS, Tenn. (AP) — A sitting Tennessee sheriff pleaded not guilty Wednesday to charges that he illegally profited from the work of jail inmates under his supervision and housed dozens of them in a home outside of the prison without …
Posted: Jul 12, 2024
Illinois-based specialty insurance broker Origin Specialty Underwriters Agency announced it has acquired Agricultural Insurance Management Services (AIMS), an agribusiness insurance-focused managing general underwriter based in Bow, New Hampshire. AI...
Posted: Jul 12, 2024
AT&T said Friday the company suffered a massive hacking incident as data from about 109 million customer accounts containing records of calls and texts from 2022 was illegally downloaded in April. The U.S. telecom company said the FBI is investig...
Posted: Jul 12, 2024
US Senator Bob Menendez’s lawyer told jurors that the politician’s wife failed to tell him details of how she got a Mercedes Benz from a convicted felon who testified during the lawmaker’s corruption trial that the car was a bribe....
Posted: Jul 12, 2024
Storms that pounded South Africa’s Western Cape province have led to flood damage affecting more than 35,000 households in the city of Cape Town, Executive Mayor Geordin Hill-Lewis said. “We’ve got more than 35,000 families in the c...
Posted: Jul 12, 2024
In a change in regulatory practice, Connecticut has decided that all commercial lines claims made insurance forms and rates are now subject to full regulatory review. Citing compliance issues, Insurance Commissioner Andrew Mais issued a new bulletin...
Posted: Jul 12, 2024
Greece is fighting a deadly fire on the island of Lesvos, as temperatures in some parts of the country exceed 40C (104F). A person died in a burned-out car on Lesvos, where authorities are investigating whether the vehicle was scorched …
Posted: Jul 12, 2024
A ring of wildfires has erupted around Canada’s unofficial oil-sands capital of Fort McMurray, adding new threats to crude production from the world’s third-largest petroleum reserves. Eight out-of-control blazes have been discovered just...
Posted: Jul 12, 2024
A hard market combined with underwriting capacity from fronting companies allowed for robust growth in the MGA market in 2023, according to a new Conning strategic study. The global investment management firm’s 11th annual study on the P/C prog...
Posted: Jul 12, 2024
Climate change is expected to increase the frequency and severity of floods in the U.S., posing greater risks to homeowners and mortgage lenders—and since flood damage tends to lower the market value of affected homes, it’s more likely that hom...
Posted: Jul 12, 2024
AXA XL, headquartered in Stamford, Connecticut, appointed Joseph Madigan as chief underwriting officer for its North American environmental insurance business for the middle market. Madigan joined AXA XL’s environmental insurance business as an...
Posted: Jul 12, 2024
A federal judge in Texas said on Wednesday he would block the National Labor Relations Board from pursuing claims that Elon Musk’s SpaceX forced workers to sign illegal severance agreements, pending the outcome of the rocket maker’s chall...
Posted: Jul 12, 2024
A workers’ compensation insurer is entitled to continue to receive reimbursements from the Massachusetts second injury fund even after it stops writing business in the state, the state’s high court has ruled in an opinion reversing itself...
Posted: Jul 12, 2024
A new Vermont-based captive insurer is promising to provide insurance for New York affordable rental housing buildings at a time when advocates say coverage is difficult to afford or obtain. The Milford Street Association Captive Insurance Co. will b...
Posted: Jul 12, 2024
A new Vermont-based captive insurer is promising to provide insurance for New York affordable rental housing buildings at a time when advocates say coverage is difficult to afford or obtain. The Milford Street Association Captive Insurance Co. will b...
Posted: Jul 12, 2024
A new Vermont-based captive insurer is promising to provide insurance for New York affordable rental housing buildings at a time when advocates say coverage is difficult to afford or obtain. The Milford Street Association Captive Insurance Co. will b...
Posted: Jul 12, 2024
Heffernan Insurance Brokers acquired Costello Insurance Associates in Tempe, Arizona. Pat Costello and his team of five employees will continue to service their new and existing customers Costello services clients throughout the U.S. in obtaining cov...
Posted: Jul 12, 2024
California Insurance Commissioner Ricardo Lara today ordered insurers to preserve residential property insurance coverage for roughly 46,000 policyholders affected by the Thompson Fire in Butte County. The move follows an emergency declaration over t...
Posted: Jul 11, 2024
Fifth Third Bank agreed this week to pay a $5 million fine for illegally forcing vehicle insurance onto borrowers who had coverage. Fifth Third also agreed to pay a $15 million fine for illegal sales practices. The Cincinnati, Ohio-based bank …
Posted: Jul 11, 2024
Honeywell did not violate workplace anti-discrimination laws by firing a white engineer who refused to participate in mandatory diversity, equity and inclusion training after the Black Lives Matter movement began, a U.S. appeals court ruled on Wednes...
Posted: Jul 11, 2024
Brandon Rice joined Alliant Insurance Services, based in Irvine, California, as a vice president for its employee benefits group. Rice is based in Dallas. He most recently served as vice president at Lockton Companies, where he worked for over 18 ...
Posted: Jul 11, 2024