Insurance Journal

California Labor Commissioner Cites Amazon $6M for Violating Warehouse Quotas Law

Amazon failed to meet requirements of California’s Warehouse Quotas law at warehouses in Riverside and San Bernardino Counties, according to the Labor Commissioner’s Office. The ofice cited Amazon.com Services LLC $5,901,700 for violation...

Posted: Jun 19, 2024

Real-Time, Integrated, Automated Compliance Becoming Industry Standard

This post is part of a series sponsored by AgentSync. For many carriers and agencies, compliance is an arduous chore. Compliance touches on almost every aspect of your distribution process: From checking licenses during onboarding to obtaining appoin...

Posted: Jun 18, 2024

New Jersey Insurance Executive, Political Power Broker Charged With Racketeering

New Jersey Attorney General Matthew J. Platkin is charging a well-known New Jersey insurance executive and long-time Democratic political influencer with leading a criminal enterprise in the state for the past dozen years. George E. Norcross III, exe...

Posted: Jun 18, 2024

Iowa Nurse Charged With Insurance Fraud

An Iowa woman was charged with one count of Insurance Fraud – Presenting False Information (Class D Felony), following an investigation by the Iowa Insurance Division’s Fraud Bureau. Amanda Manatt, age 35, of Marshalltown allegedly falsif...

Posted: Jun 18, 2024

La Nina Weather 65% Likely to Develop in July-Sept: National Weather Service

There is a 65% chance of the La Nina weather pattern, characterized by cold temperatures in the Pacific Ocean, developing during July-September, a U.S. government forecaster said on Thursday. This shift from the current neutral phase between La Nina...

Posted: Jun 18, 2024

Companies Downplaying DEI Executive Pay Goals

A growing number of America’s biggest companies are revising diversity metrics for executive pay, a possible sign that conservative-led attacks on DEI are weighing more heavily on corporate culture. A review of about 1,200 companies found that...

Posted: Jun 18, 2024

AM Best Downgrades Credit Rating of Louisiana Farm Bureau Mutual

AM Best announced it has downgraded the Financial Strength Rating to B++ (Good) from A- (Excellent) and the Long-Term Issuer Credit Rating to “bbb” (Good) from “a-” (Excellent) of Louisiana Farm Bureau Mutual Insurance Company...

Posted: Jun 18, 2024

Houston Leaders Approve $1B Bond Deal to Cover Back Pay for Firefighters

HOUSTON (AP) — Houston leaders have agreed to a bond deal that could cost the city’s taxpayers more than $1 billion to cover years of back pay owed to firefighters. Firefighters in the nation’s fourth-largest city have worked without a &#...

Posted: Jun 18, 2024

Ex-Browns QB Sues Digital Media Company Over Firing for Sportsbook Bet

CLEVELAND (AP) — Former Cleveland Browns quarterback Bernie Kosar has sued a digital media company over his firing as a pregame radio host for placing a bet on a sportsbook app when Ohio legalized gambling last year. According to court …

Posted: Jun 18, 2024

Wintermute Moves from WTW to Alliant, Now VP for Benefits Group

Alliant Insurance Services, known as one of the larger U.S. insurance distribution companies, has named Kevin Wintermute executive vice president of its employee benefits group, based in Charlotte, North Carolina. Wintermute has 28 years in the busin...

Posted: Jun 18, 2024

Wintermute Moves From WTW to Alliant, Now VP for Benefits Group

Alliant Insurance Services, known as one of the larger U.S. insurance distribution companies, has named Kevin Wintermute executive vice president of its employee benefits group, based in Charlotte, North Carolina. Wintermute has 28 years in the busin...

Posted: Jun 18, 2024

New Mexico Town Ordered to Evacuate Due to Large, Uncontained Wildfire

Residents of a New Mexico town were ordered to flee their homes on Monday due to a fast-moving wildfire. The town of Ruidoso, with roughly 7,000 residents, was ordered to immediately evacuate from the South Fork and Salt fires. “An …

Posted: Jun 18, 2024

This Week’s Travelers PGA Event Attracts Top Golfers; Proceeds Go to Charities

The Travelers Companies is marking its record 18th year as title sponsor of its Professional Golf Association (PGA) Tour event at TPC River Highlands in Cromwell, Connecticut. The 2024 Travelers Championship tournament is a PGA Tour Signature Event a...

Posted: Jun 18, 2024

Fire at Carrie Underwood’s Tennessee Home Limited by Her 10,000-gallon Water Tank

A fire at country music star Carrie Underwood’s Nashville-area home was limited to the garage, thanks in part to a 10,000-gallon water tank on the property. USA Today and local news outlets reported that an all-terrain vehicle sparked a fire &#...

Posted: Jun 18, 2024

Fire at Carrie Underwood’s Tennessee Home Limited by Her 10,000-Gallon Water Tank

A fire at country music star Carrie Underwood’s Nashville-area home was limited to the garage, thanks in part to a 10,000-gallon water tank on the property. USA Today and local news outlets reported that an all-terrain vehicle sparked a fire &#...

Posted: Jun 18, 2024

Zurich Insurance to Sell Downtown Madrid Offices for About €100 Million

Zurich Insurance Group agreed to sell its iconic office building in downtown Madrid to a Spanish investment fund for about €100 million ($107 million), underscoring the robust demand for real estate in the city. Investment firm Besant Capital has mad...

Posted: Jun 18, 2024

Markets/Coverages: ANV Expands Transactional Risk Offering to the U.S.

Specialty risk insurance managing general agent ANV Global Services, Inc. said it has launched its transactional risk insurance (TRI) program in the United States. The new ANV unit will be led by Colin Addy and Greg Conroy, who previously held &#8230...

Posted: Jun 18, 2024

Markets/Coverages: ANV Expands Transactional Risk Offering to the US

Specialty risk insurance managing general agent ANV Global Services, Inc. said it has launched its transactional risk insurance (TRI) program in the United States. The new ANV unit will be led by Colin Addy and Greg Conroy, who previously held &#8230...

Posted: Jun 18, 2024

EV Startup Fisker Files for Bankruptcy, Aims to Sell Assets

Fisker filed for bankruptcy protection late on Monday, as the U.S. electric-vehicle maker looks to salvage its operations by selling assets and restructuring its debt after burning through cash in an attempt to ramp up production of its Ocean SUVs. &...

Posted: Jun 18, 2024

Stellantis Recalls Over 1 Million Vehicles For Rearview Camera Issue

Chrysler parent Stellantis is recalling 1.16 million vehicles in North America over a problem with software that is preventing rear view cameras from displaying, raising the risk of a crash, the automaker said Tuesday. The over-the-air software updat...

Posted: Jun 18, 2024

Vantage Group Chairman and Former Arch CEO Iordanou Dies

Constantine “Dinos” Iordanou, the chairman of Vantage Group Holdings and former chairman and chief executive officer of Arch Capital Group Ltd. has died. Described as “an industry legend,” as well as “a remarkable busine...

Posted: Jun 18, 2024

Greencore Recalls Sandwiches, Wraps, Salads Amid E. Coli Concern

Convenience foods manufacturer Greencore Group is recalling a variety of products because of concerns over possible contamination with E. coli. The recall involves various sandwiches, wraps and salads sold at major retailers including Aldi, Asda, Boo...

Posted: Jun 18, 2024

Potential Tropical Storm in Southern Gulf of Mexico Gathers Strength

Tropical storm watches have been posted along the Texas and Mexican coasts as a low-pressure system gathers strength in Bay of Campeche at the southern end of the Gulf of Mexico and threatens heavy rain across Central America, the US …

Posted: Jun 18, 2024

Dredger That Hit Tanker Reported Sudden Loss of Control; Oil Spill Cleanup Ongoing

Singapore authorities said Monday a dredger boat reported a sudden loss in engine and steering control that led it to hit a stationary cargo tanker, causing an oil spill that has blackened part of the city-island’s southern shores. The Netherla...

Posted: Jun 18, 2024

More Than 800 Coal Plants Worldwide Could Be Profitably Decommissioned: Research

More than 800 coal-fired power plants in emerging countries could be decommissioned and profitably replaced by cleaner solar energy starting from the end of the decade, research on Monday showed. Though only a tenth of existing coal plants are schedu...

Posted: Jun 18, 2024