Insurance Journal
The Oklahoma Insurance Department (OID) announced it will hold the inaugural OK Captive Day on Tuesday, August 20, 2024. This event aims to educate key industries in Oklahoma about the Oklahoma Captive domicile and the benefits of a captive insurance...
Posted: Jun 27, 2024
The U.S. Supreme Court on Thursday paused a U.S. Environmental Protection Agency plan to reduce the amount of smog that drifts across state borders from industrial facilities like power plants. The 5-4 opinion is the latest in a conflict over …
Posted: Jun 27, 2024
Kansas Insurance Commissioner Vicki Schmidt announced, that the Kansas Department of Insurance has made its annual distribution to local Firefighter Relief Associations (FRAs). Pursuant to the Kansas Firefighters Relief Act, $18,912,365.52 has been d...
Posted: Jun 27, 2024
The US Supreme Court curbed the Securities and Exchange Commission’s ability to press complaints before in-house judges, saying defendants have a constitutional right to make their case to a federal jury when the agency is seeking financial pen...
Posted: Jun 27, 2024
The deadline to submit for Insurance Journal’s Top 100 Agencies and Top Agency Partnerships ranking is tomorrow! We hope you will consider entering your agency for Insurance Journal’s 2024 Top 100 independent agencies listing and Top Agen...
Posted: Jun 27, 2024
The U.S. Supreme Court on Thursday blocked OxyContin maker Purdue Pharma’s bankruptcy settlement that would have shielded its wealthy Sackler family owners from lawsuits over their role in the nation’s deadly opioid epidemic. The 5-4 deci...
Posted: Jun 27, 2024
The independent agents place more than 62% of all property/casualty insurance written in the U.S., according to the Independent Insurance Agents & Brokers of America (the Big “I”). The association’s 2024 Market Share Report said...
Posted: Jun 27, 2024
New Hampshire is suing social media video service TikTok Inc. for allegedly violating the state’s consumer protection act, Attorney General John M. Formella announced. The state’s complaint against TikTok filed in Superior Court in Merrim...
Posted: Jun 27, 2024
LAKE TOXAWAY, N.C. (AP) — A 12-year-old boy who was enrolled in a wilderness therapy program for troubled youths in North Carolina died in February from an inability to breathe in the mostly plastic tentlike structure he was sleeping in, …
Posted: Jun 27, 2024
Four protesters who were jailed for writing anti-police graffiti in chalk on a temporary barricade near a Seattle police precinct have been awarded nearly $700,000 after a federal court jury decided their civil rights were violated. The Jan. 1, 2021,...
Posted: Jun 27, 2024
Evolve Bank & Trust confirmed it was the victim of a cyberattack and that customer data had been posted on the dark web, less than two weeks after the Arkansas-based lender was ordered by regulators to improve its risk management …
Posted: Jun 27, 2024
Massachusetts businesses will see an average 14.6% reduction in workers’ compensation rates—a cut that is almost twice the size of what the insurance industry’s rating bureau proposed in its filing. The lower rates go into effect on July...
Posted: Jun 27, 2024
JACKSONVILLE, Fla. (AP) — The city of Jacksonville approved a $1.4 billion “stadium of the future” Tuesday that should keep the Jaguars in one of the NFL’s smallest markets for at least another 30 years and end decades of speculatio...
Posted: Jun 27, 2024
Hackers behind a London hospital attack recently published records that include personal information about pregnant women, newborns, cancer patients, people suffering from schizophrenia and thousands of others across the UK and Ireland, revealing the...
Posted: Jun 27, 2024
This edition of International People Moves details appointments at Brit Re and the managing general agent Optio Group. A summary of these new hires follows here. Brit Re Names Partner Re’s Ex-CEO Bonneau as Non-Executive Director Brit Ltd. anno...
Posted: Jun 27, 2024
The U.S. Chemical Safety and Hazard Investigation Board (CSB) issued its final investigation report into the fatal naphtha release and fire at the BP-Husky Toledo Refinery (“BP Toledo Refinery”) in Oregon, Ohio, on September 20, 2022, whi...
Posted: Jun 27, 2024
MUSKEGON, Mich. (AP) — Severe thunderstorms cut power to thousands of homes and businesses Tuesday in western Michigan, less than a week after storms left thousands in the dark across the state in suburban Detroit. Roughly 98,000 Consumers Energy cus...
Posted: Jun 27, 2024
Arthur J. Gallagher & Co.’s captive and alternative risk transfer solutions subsidiary, Artex, has acquired London-based Implement Compliance Solutions & Resources Ltd. (ICSR). Terms of the transaction were not disclosed. ICSR provides...
Posted: Jun 27, 2024
Arthur J. Gallagher & Co.’s captive and alternative risk transfer solutions subsidiary, Artex, has acquired London-based Implement Compliance Solutions & Resources Ltd. (ICSR). Terms of the transaction were not disclosed. ICSR provides...
Posted: Jun 27, 2024
Sanctions on shipping companies are undermining safety at sea and pose dangers for trade as ship standards are impacted, the chief executive of sanctioned Russian shipping group Sovcomflot said. The European Union imposed sanctions on Russia’s...
Posted: Jun 27, 2024
Venezuela’s state oil company PDVSA has begun using tankers that navigate off radar to supply its closest political ally, Cuba, as a fleet of state-owned vessels that have historically covered the route dwindles, according to documents and ship...
Posted: Jun 27, 2024
Volkswagen said on Wednesday it was recalling over 307,000 vehicles in North America due to a potential wiring fault that may deactivate front passenger air bags when the seat is occupied. The recall covers 271,000 2021-2024 model year Atlas and R...
Posted: Jun 27, 2024
Even though direct loss ratios for commercial auto and other liability lines rose in first-quarter 2024, across all lines U.S. property/casualty insurers posted a net combined ratio of 94—the best since first-quarter 2007. Translating to an aggregate...
Posted: Jun 27, 2024
Even though direct loss ratios for commercial auto and other liability lines rose in first-quarter 2024, across all lines U.S. property/casualty insurers posted a net combined ratio of 94—the best since first-quarter 2007. Translating to an aggregate...
Posted: Jun 27, 2024
Britain’s markets regulator will publish an update in autumn into how companies are detecting and dealing with sexual harassment, bullying and other non-financial misconduct, a senior official said on Wednesday. Steve Smart, the joint head of e...
Posted: Jun 27, 2024