Insurance Journal

Uber Picks Once-Rival Aurora to Launch Driverless Truck Offering in Texas

Nearly a decade after it began working on self-driving vehicles, Uber Technologies Inc. plans to haul freight fully autonomously for the first time later this year through an expansion of an earlier deal with Aurora Innovation Inc. The former rivals...

Posted: Jun 25, 2024

SE People Moves: Floyd Named IIAG President; CRC Adds Two to Tampa Team

Jimbo Floyd, head of Turner Wood and Smith Insurance in Gainesville, Georgia, has been sworn in as president of the Independent Insurance Agents of Georgia. Floyd has previously served as IIAG’s chairman of the board, vice president, secretary-...

Posted: Jun 25, 2024

BlackSuit Cybercrime Gang Blamed in CDK Hack That Roiled Car Dealers

A hacking group called BlackSuit is behind the cyberattack on CDK Global that’s paralyzed car sales across the US, according to Allan Liska, a threat analyst at the security firm Recorded Future Inc. The cybercrime group has demanded an extorti...

Posted: Jun 25, 2024

Zurich Insurance Adding 600 People in India Following Kotak Deal

Zurich Insurance Group AG plans to increase headcount in India by 40% over the next three years, adding 600 people following its acquisition of a majority stake in Kotak Mahindra Bank Ltd.’s general insurance unit. The Swiss firm is pursuing &#...

Posted: Jun 25, 2024

US Judge Skeptical of Biden Overtime Pay Rule

A federal judge in Texas on Monday seemed likely to stop a Biden administration rule that would extend mandatory overtime pay to 4 million U.S. workers from taking effect, but was unsure whether he could block it nationwide or only …

Posted: Jun 25, 2024

Markets/Coverages: Relm Insurance Releases Difference in Conditions Solution for D&O

Relm Insurance, the Bermuda-based specialty insurance carrier, announced the release of its Side A Difference in Conditions (DIC) solution. Relm’s Side A DIC solution was created for clients that have been unable to secure enough limit or consi...

Posted: Jun 25, 2024

Ford Recalls 668,000 2014 F-150 Pickup Trucks Over Transmission Issue

Ford Motor said Tuesday it is recalling 668,000 F-150 pickup trucks worldwide from the 2014 model year because vehicles can unexpectedly downshift into the first gear causing a loss of driver control or rear-wheel lockup. A loss of signal can …

Posted: Jun 25, 2024

PCF Insurance Acquires Multiple Agencies, Benefits Platform

PCF Insurance Services, a multi-state brokerage headquartered in Utah, announced it has acquired four new operations, two of them in the Southeast. The Brady Agency, offering commercial and personal lines coverage in North Carolina and Virginia with...

Posted: Jun 25, 2024

Business Moves: Broker PCF Makes 4 Acquisitions in 4 States

Broker PCF Insurance Services continued its recent buying spree with the purchase of four insurance businesses in North Carolina, Pennsylvania, Mississippi, and Iowa. “At PCF Insurance, we are committed to accelerated and strategic expansion th...

Posted: Jun 25, 2024

New York Issues Guidance for Insurers on Insuring Affordable Housing

New York has issued guidance to commercial insurers that they are prohibited from inquiring about or making coverage decisions based on a property’s status as an affordable housing development or a tenant’s source of income. The guidance...

Posted: Jun 25, 2024

Dollar Tree Sold Lead-Tainted Applesauce After Recall

Dollar Tree Inc. continued to sell children’s applesauce tainted with “extremely high” levels of lead long after the company recalled the product due to contamination concerns, US regulators said. The discount store kept pouches of...

Posted: Jun 25, 2024

Protecting 1.2% of Earth Would Prevent Most Extinctions, Study Says

Setting aside an additional 1.2% of the world’s land as nature preserves would prevent the majority of predicted plant and animal extinctions and cost about $263 billion, according to a study published on Tuesday. The world is racing to meet &#...

Posted: Jun 25, 2024

Chinese Hackers Step Up Attacks on Taiwanese Organizations, Cybersecurity Firm Says

A suspected Chinese state-sponsored hacking group has stepped up its targeting of Taiwanese organizations, particularly those in sectors such as government, education, technology and diplomacy, according to cybersecurity intelligence company Recorded...

Posted: Jun 25, 2024

Deadly Explosion in Korea Revives Concerns Over Battery Safety

A deadly factory blaze has revived concerns over battery safety in South Korea, a key global supplier of lithium-ion cells used in everything from electric vehicles to energy storage systems. The fire and a series of explosions at a lithium …

Posted: Jun 25, 2024

Roller Coaster Strikes Man in Restricted Area of Ohio Theme Park

CINCINNATI (AP) — A man who apparently entered a restricted area to retrieve his lost keys at a theme park in Ohio was critically injured when he was struck by a steel roller coaster, police and park officials said. The …

Posted: Jun 25, 2024

EU Adds 27 Russian Vessels to List of Entities Under Sanctions

The European Union will add 27 vessels, including oil and liquefied natural gas tankers, to its list of entities under sanctions as part of its latest measures against Russia, two sources familiar with the matter said on Monday. EU countries …

Posted: Jun 25, 2024

Dellwood Specialty Gets A- Rating From AM Best

Dellwood Specialty Insurance Company has received a financial strength rating of A- (Excellent) from AM Best. The industry rating agency said the rating as given due to Dellwood’s “very strong” balance sheet strength as well as othe...

Posted: Jun 25, 2024

Federal Judge Blocks Biden Wage Rule for Construction Projects

A federal judge on Monday temporarily blocked a Biden administration rule expanding the cases in which construction contractors are required to pay workers prevailing wages that apply to $200 billion of federally funded infrastructure projects. U.S....

Posted: Jun 25, 2024

Music Labels Sue AI Companies Suno, Udio for Copyright Infringement

Major record labels Sony Music, Universal Music Group and Warner Records sued artificial intelligence companies Suno and Udio on Monday, accusing them of committing mass copyright infringement by using the labels’ recordings to train music-gene...

Posted: Jun 25, 2024

Alabama Company Pays $81,000 OSHA Fine After Worker’s Fatal Fall

The U.S. Department of Labor has fined an Alabama mobile home manufacturer more than $81,000 after a worker without fall protection slipped and fell to his death last November. The department’s Occupational Safety and Health Administration foun...

Posted: Jun 25, 2024

Workers Sue Disney, Say They Were Wrongly Induced to Move to Florida

ORLANDO, Fla. (AP) — Disney workers are suing their employer, claiming they were fraudulently induced to move from California to Florida to work in a new office campus only to have those plans later scrapped amid a fight between the …

Posted: Jun 25, 2024

New Hampshire Weighs Suspension of Trucker Found Not Guilty in Deadly Motorcycle Crash

Days before the five-year anniversary of a crash that killed seven motorcyclists, relatives and friends urged New Hampshire officials not to allow the trucker involved back on the state’s roadways. A jury in 2022 found Volodymyr Zhukovskyy not...

Posted: Jun 25, 2024

New Hampshire Weighs Suspension of Trucker Found Not Guilty in Deadly Crash

Days before the five-year anniversary of a crash that killed seven motorcyclists, relatives and friends urged New Hampshire officials not to allow the trucker involved back on the state’s roadways. A jury in 2022 found Volodymyr Zhukovskyy not...

Posted: Jun 25, 2024

Jury Awards $13M to Ultramarathon Athlete Injured on Seattle Sidewalk

A jury awarded $13.1 million to an ultramarathon athlete who was severely injured when she fell on a Seattle sidewalk in 2021. The award by a King County jury found that the city of Seattle and the owners of an …

Posted: Jun 25, 2024

New York County to Pay $1.75 Million to Family of Man Killed by Police in 2011

A New York county has reached a $1.75 million settlement with the family of a man shot and killed by police in his home in 2011. Suffolk County, on Long Island, has agreed to pay the settlement to the family …

Posted: Jun 25, 2024