Insurance Journal
DES MOINES, Iowa (AP) — Iowa officials agreed Tuesday to pay $3.5 million in a settlement agreement with the family of an Iowa State University student who drowned after a school crew club boat capsized in cold, rough waters. The …
Posted: Jun 06, 2024
Federal investigators have concluded that an Appleton, Wisconsin pallet manufacturer’s failure to train employees in machine safety procedures — and ensure the procedures were followed — contributed to the fatal injuries suffered by a 57-year-o...
Posted: Jun 06, 2024
The financial costs of drought in Texas have risen rapidly over recent decades, according to a new analysis of federal crop insurance data. The nonprofit Environmental Working Group, a longtime critic of the federal crop insurance program based in Wa...
Posted: Jun 06, 2024
USI Insurance Services (USI) announced the launch of PATH (patent pending), a proprietary technology-enabled risk control platform for clients. The new platform leverages industry-specific benchmark data to generate tailored risk control solutions to...
Posted: Jun 06, 2024
Blue Cleaning, a small business in West Maui that spruces up 27 vacation rentals, survived the sharp decline in tourists during the Covid-19 pandemic and after the devastating Aug. 8 wildfire in Lahaina. But now Leo Szakacs-Kekona, who owns and ̷...
Posted: Jun 06, 2024
Practitioners of Brazilian butt lift surgery, repeatedly in the news after infections and at least two patient deaths in south Florida, must now obtain medical malpractice liability insurance, thanks to a bill signed into law last month. House Bill 1...
Posted: Jun 06, 2024
This edition of International People Moves details appointments at Chubb and Everest Re. A summary of these new hires follows here. Chubb Promotes Kirk as Division President of Chubb Global Markets Chubb announced that David Kirk has been appointed d...
Posted: Jun 06, 2024
A new Rhode Island law prohibits auto insurers from charging policyholders more solely because they have been widowed. The new law bans insurers from treating widows or widowers any differently than married people in terms of classification or rates...
Posted: Jun 06, 2024
Safety dangers are growing from aging and unregulated vessels, leading ship management firm V.Group told Reuters, adding it had stopped providing services to 30 tankers last year after they were sold to companies that did not pass compliance checks....
Posted: Jun 06, 2024
Although insurers can help to stop the growth of social inflation, they can’t lead the effort, an industry executive said during an insurance conference this week. Evan Greenberg, chair and chief executive officer of Chubb Limited, explained th...
Posted: Jun 06, 2024
Lloyd’s, the re/insurance marketplace, is opening an office in Miami from Sept. 1, 2024, with an aim to strengthen its Latin America and Caribbean business. The new office will enable Lloyd’s to realign its resources to centrally support...
Posted: Jun 06, 2024
Liberty Mutual Insurance is pushing for a New Jersey federal judge to recuse himself from a construction insurance case because he did not disclose that he has been a long-time Liberty insured, a significant claimant, and investigated by the insurer...
Posted: Jun 06, 2024
What do the little engine that could, insurance executives, and a Boy Scout Scoutmaster have in common? They all play into the prose of the book, “Born2Lead”, by Michael Koscielny, Jr. Mike is a “retired” insurance executive....
Posted: Jun 06, 2024
In June of last year, a Russian cybercrime gang called BlackCat hacked the Barts Health NHS Trust, a part of the UK’s National Health Service that operates several hospitals in London, and published some of it online in an extortion …
Posted: Jun 06, 2024
Each of the past 12 months ranked as the warmest on record in year-on-year comparisons, the EU’s climate change monitoring service said on Wednesday, as U.N. Secretary-General António Guterres called for urgent action to avert “climate he...
Posted: Jun 06, 2024
More than half of whistleblowers have felt pressured not to use internal hotlines to raise red flags at large global businesses and public bodies, a global EY survey showed. The number of organizations without a whistleblowing hotline has halved sinc...
Posted: Jun 06, 2024
Crypto exchange Binance on Wednesday sought to throw out the vast majority of a London lawsuit worth up to 10 billion pounds ($12.8 billion) over claims it and other exchanges colluded to “delist” the Bitcoin Satoshi Vision (BSV) cryptocu...
Posted: Jun 06, 2024
The Internet of Things (IoT), which refers to the collection of internet-enabled devices such as wearables, industrial sensors and controls, and closed-circuit cameras, has revolutionized processes from pharmaceuticals storage to energy-usage monitor...
Posted: Jun 06, 2024
NetJets, the luxury plane unit of billionaire Warren Buffett’s Berkshire Hathaway Inc, sued its 3,400-member pilots union for defamation over statements about its commitment to safety and training pilots. The lawsuit filed on Monday in a state...
Posted: Jun 06, 2024
Following last year’s historically challenging property insurance market, 2024 is proving to be “a more stable and capitalized market,” USI Insurance Services reported in its latest Commercial Property & Casualty Market Outlook...
Posted: Jun 06, 2024
CNA Financial Corp. said it is promoting Doug Worman, currently executive vice president and global head of underwriting, to president and chief executive officer starting in 2025. Current CEO Dino E. Robusto will transition to a role of executive ch...
Posted: Jun 06, 2024
JACKSON, Miss. (AP) — A judge has ordered the enforcement of a lawsuit settlement between Mississippi’s capital city and the family of a man who died after police officers pulled him from a car while searching for a murder suspect. …
Posted: Jun 06, 2024
CANTON, Miss. (AP) — Madison County has recovered an estimated $900,000 after an investigation found that the county was defrauded out of millions of tax dollars, authorities said Monday. Sheriff Randy Tucker updated the Board of Supervisors on Monda...
Posted: Jun 06, 2024
GEICO Insurance companies have continued their campaign against alleged auto insurance fraud actors, including some well-known physicians and medical clinics. And a federal judge ruled this week that two of those practitioners cannot escape a $2.8 mi...
Posted: Jun 06, 2024
PCF Insurance Services named Brandon Gray chief financial officer. Gray, who joined PCF in March 2023, previously served as the company’s senior vice president and treasurer. His promotion to CFO follows Felix Morgan’s December 2023 appoi...
Posted: Jun 06, 2024