Insurance Journal
The owner of a New York trucking business who fabricated a supposedly independent Texas affiliate to circumvent his existing firm’s negative safety rating and avoid higher insurance costs has been found guilty of conspiracy and fraud. On June 2...
Posted: Jul 05, 2024
The cumulative cost of the seven heat events in California in the past decade amounted to $7.7 billion in losses, a new report shows. The analysis from California Insurance Commissioner Ricardo Lara’s office is the result of legislation he spon...
Posted: Jul 05, 2024
The cumulative cost of the seven heat events in California in the past decade amounted to $7.7 billion in losses, a new report shows. The analysis from California Insurance Commissioner Ricardo Lara’s office is the result of legislation he spon...
Posted: Jul 05, 2024
An appeals court on Tuesday rejected an appeal by a Tony Award-winning producer who claims that a union for actors and stage managers organized an illegal boycott that prevented him from producing live Broadway shows. The 2nd U.S. Circuit Court ̷...
Posted: Jul 05, 2024
Two government consultants have paid more than $11 million to settle allegations that they failed to meet cybersecurity requirements in a program for New Yorkers who applied online for federal emergency rental assistance during the COVID-19 pandemic....
Posted: Jul 05, 2024
A federal judge delayed implementation of the US Federal Trade Commission’s near-total ban on noncompete agreements, the first salvo in the high-stakes legal fight over how much freedom workers should have to switch jobs within an industry. US...
Posted: Jul 03, 2024
Progressive Insurance has agreed to a $48 million settlement with a class of 93,000 New York policyholders who claim the insurer underpaid their total loss claims on their vehicles. The $48 million represents approximately 54% of the compensatory dam...
Posted: Jul 03, 2024
State Farm has applied for large rate increases in California, months after the carrier got rate approvals of 7% and 20% earlier this year—adding fuel to a burning homeowners crisis in a state that’s seen an increasing number of carriers …...
Posted: Jul 03, 2024
This edition of International People Moves details appointments at Everest in Europe and CNA Hardy. A summary of these new hires follows here. Everest Taps BHSI’s d’Huart as Head of France, Charon Named Head of Client Engmt, Europe Everes...
Posted: Jul 03, 2024
A federal judge halted Joe Biden’s temporary moratorium on new licenses for exports of US liquefied natural gas, though the decision is unlikely to immediately jump start approvals. US District Judge James D. Cain Jr. in Louisiana issued a prel...
Posted: Jul 03, 2024
ALTON, Ill. (AP) — A giant sinkhole has swallowed the center of a soccer complex that was built over an operating limestone mine in southern Illinois, taking down a large light pole and leaving a gaping chasm where squads of …
Posted: Jul 03, 2024
Hurricane Beryl’s explosive growth into an unprecedented early whopper of a storm shows the literal hot water the Atlantic and Caribbean are in right now and the kind of season ahead, experts said. Beryl smashed multiple records even before its...
Posted: Jul 03, 2024
MONAHANS — Low wages and working conditions that truck drivers describe as degrading have sparked an organized labor movement in the Permian Basin, a historic first for the nation’s busiest oil field. About a dozen truckers and local environmen...
Posted: Jul 03, 2024
Yemen’s Houthis are sending drone boats packed with explosives into the Red Sea as they intensify their attacks on merchant ships that have little defense against the “sophisticated shift” in tactic, maritime security sources say. I...
Posted: Jul 03, 2024
Marsh McLennan Agency, a subsidiary of Marsh, announced the acquisition of AmeriStar Agency, Inc., a Wayzata, Minnesota-based independent agency. Terms of the acquisition were not disclosed. Founded in 1987, AmeriStar provides a range of insurance co...
Posted: Jul 03, 2024
MASONVILLE, N.Y. (AP) — Five members of a family from Georgia, including a former insurance analyst, who were visiting Cooperstown, New York, for a baseball tournament died when their small plane crashed in a rural, wooded area, authorities said. The...
Posted: Jul 03, 2024
Specialist Risk Group, the London-based insurance intermediary, announced the acquisition of political violence specialist underwriter, Tristar Special Risks. Tristar Special Risks has deep expertise in terrorism insurance and supports broker partner...
Posted: Jul 03, 2024
Howden, the London-based insurance intermediary group, announced its entry into the Japanese market, launching Howden Re Japan Ltd. and an ILS partnership with Keystone ILS Capital. Howden also announced the appointment of Kentaro Tada as CEO, Howden...
Posted: Jul 03, 2024
DARIEN, Ga. (AP) — A man has been charged with starting a fire that destroyed a nearly century-old home on the site of a coastal Georgia rice plantation that’s associated with the largest slave auction in U.S. history, authorities said …
Posted: Jul 03, 2024
ATLANTA (AP) — The Atlanta City Council has approved the payment of a settlement of $2 million to two college students who were shocked with Tasers and pulled from a car while they were stuck in downtown traffic caused by …
Posted: Jul 03, 2024
Law firms are capitalizing on client uncertainty sparked by a flurry of new U.S. Supreme Court rulings that favored opponents of federal agency powers, even as lawyers themselves differ on the decisions’ immediate and long-term effects. Within...
Posted: Jul 03, 2024
Tony Martinez has been appointed to the new position of chief information officer for Unison Risk Advisors (URA) Inc., the parent company for Baltimore-based RCM&D, Oswald Companies of Cleveland and Miami-based NSI Insurance. He will lead all tec...
Posted: Jul 03, 2024
Hurricane Beryl churned toward Jamaica with violent winds, heavy rains and a life-threatening storm surge that could cause more than $1 billion in damage. Beryl’s winds roared at 145 miles (230 kilometers) per hour early Wednesday, making it a...
Posted: Jul 03, 2024
China is moving closer to unveiling its financial stability law, which includes setting up a fund to rescue troubled financial institutions, as part of Beijing’s broader efforts to prevent systemic financial risks in the world’s second-bi...
Posted: Jul 03, 2024
The City of London Corporation deferred a vote on plans for a new 73-story office tower next to the Gherkin that’s set to become the tallest building in the historic financial district. The City Corporation’s planning committee voted Tues...
Posted: Jul 03, 2024