Insurance Journal
U.S. bank regulators fined Citigroup $136 million for making “insufficient progress” fixing data management issues identified in 2020 and required the bank to demonstrate it was putting enough resources toward those efforts. The joint enf...
Posted: Jul 11, 2024
North Carolina authorities have charged one woman and are on the lookout for another in connection with a scheme to defraud a State Farm insurance company of more than $195,000. India Ayesha Wilkerson, 25, of Greensboro, was charged with insurance &#...
Posted: Jul 11, 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 11, 2024
The National Rifle Association’s former finance czar, Wilson “Woody” Phillips, has been banned for a decade from managing money for any nonprofit company in New York, the state’s attorney general said Tuesday. Phillips agreed...
Posted: Jul 11, 2024
MADISON, Wis . (AP) — A federal judge ruled Monday that protesters can’t march through a security zone at the Republican National Convention, handing a defeat to liberals who had pushed to have closer access to where delegates will be …
Posted: Jul 11, 2024
A La Porte, Texas tank cleaning company faces over $800,000 in fines after the company allegedly disregarded federal safety standards that may have protected their employees from hazardous working conditions and prevented another employee from suffer...
Posted: Jul 11, 2024
New York University has settled a lawsuit filed last November by three Jewish students who said they had been subjected to “pervasive acts of hatred, discrimination, harassment, and intimidation” since the start of the Israel-Hamas war. N...
Posted: Jul 11, 2024
New classic and modern collector vehicle insurer, OpenRoad, has announced it will begin offering coverage across select U.S. states on Monday, July 15, 2024. OpenRoad will be centered around Midwest states with coverage becoming available across Wisc...
Posted: Jul 11, 2024
An Iowa woman was sentenced on July 2, 2024 after pleading guilty to Tampering With Records (Aggravated Misdemeanor) following an investigation by the Iowa Insurance Division’s Fraud Bureau. Sarah Rahm, age 39, of Bondurant made willful misrepr...
Posted: Jul 11, 2024
SageSure, a managing general agent specializing in catastrophe-exposed markets in the Southeast and other states, along with its affiliated Anchor Re captive reinsurer and SURE reciprocal, announced they have secured a $60 million catastrophe bond, t...
Posted: Jul 11, 2024
Stacks Insurance Brokerage in Lighthouse Point, Florida, has named Kenny Bordman partner and president of commercial insurance. Bordman has more than a decade in commercial insurance, preceded by years in the U.S. Army and law enforcement, Stacks sai...
Posted: Jul 11, 2024
Authorities in Western states warned of the rising risk of wildfires as hot conditions and low humidity dry out the landscape amid a protracted heat wave that is expected to bake much of the U.S. again Thursday. California’s top fire …
Posted: Jul 11, 2024
NEW ORLEANS (AP) — Lawyers for retired NFL quarterback Brett Favre asked a federal appeals court Tuesday to revive a defamation lawsuit Favre filed against a fellow Pro Football Hall of Fame member, former tight end Shannon Sharpe, amid the …
Posted: Jul 11, 2024
ST. PETERSBURG, Fla. (AP) — Environmental groups and Florida regulators have settled a lawsuit over the 2021 leak of millions of gallons of polluted water from a phosphate plant reservoir into Tampa Bay, which triggered major fish kills and the ̷...
Posted: Jul 11, 2024
French shipping and logistics company CMA CGM said on Thursday that its ship “Benjamin Franklin” had lost 44 containers in difficult weather conditions off the coast of South Africa on Tuesday. “No injury to the crew has been report...
Posted: Jul 11, 2024
UK insurer Aviva announced it has completed the acquisition of Probitas Holdings (Bermuda) Ltd., which marks the company’s return to the Lloyd’s market after a hiatus of more than 20 years. The deal with Probitas, first announced in March...
Posted: Jul 11, 2024
Insurers in the United States may take a hit of about $2.7 billion from damage caused by Hurricane Beryl, catastrophe modeling company Karen Clark & Co (KCC) said on Thursday. About 1.5 million customers remained without power in Texas on …
Posted: Jul 11, 2024
Insurers in the United States may take a hit of about $2.7 billion from damage caused by Hurricane Beryl, catastrophe modeling company Karen Clark & Co (KCC) said on Thursday. About 1.5 million customers remained without power in Texas on …
Posted: Jul 11, 2024
An escalation in geopolitical conflicts is the biggest risk to the global economy, according to central bank reserve managers, who are generally positive about the world’s economic outlook, according to an annual survey released on Thursday. Th...
Posted: Jul 11, 2024
Elon Musk won dismissal of a lawsuit claiming he refused to pay at least $500 million of severance to thousands of Twitter employees he fired in mass layoffs after buying the social media company now known as X. U.S. District …
Posted: Jul 11, 2024
Hurricane Beryl’s path of destruction through the Caribbean last week triggered a record $44 million payout to the nation of Grenada from a regional catastrophe insurance fund. The Caribbean Catastrophe Risk Insurance Facility, or CCRIF, said i...
Posted: Jul 11, 2024
The US Federal Emergency Management Agency (FEMA) has finalized a rule mandating that projects built using its funds not only take into account previous and current levels of local flood risk, but for the first time consider the future risk …
Posted: Jul 11, 2024
A U.S. auto safety regulator said on Wednesday that three people have been killed and two seriously injured in the last nine months by low-cost faulty replacement air bag inflators. The National Highway Traffic Safety Administration urged used car bu...
Posted: Jul 11, 2024
A flood watch was declared for much of Vermont on Wednesday — the anniversary of last summer’s severe flooding — and also Thursday, with heavy rains in the forecast. As Gov. Phil Scott and other officials discussed the recovery from …
Posted: Jul 11, 2024
A flood watch was declared for much of Vermont on Wednesday — the anniversary of last summer’s severe flooding — and also Thursday, with heavy rains in the forecast. As Gov. Phil Scott and other officials discussed the recovery from …
Posted: Jul 11, 2024