Insurance Journal

Jury Awards $9M to Player Who Sued US Tennis Association Over Sexual Abuse by Coach

A tennis player was awarded $9 million in damages by a jury in federal court in Florida after accusing the U.S. Tennis Association of failing to protect her from a coach she said sexually abused her at one of its …

Posted: May 09, 2024

Jury Awards $9M to Player Who Sued US Tennis Association Over Coach’s Sexual Abuse

A tennis player was awarded $9 million in damages by a jury in federal court in Florida after accusing the U.S. Tennis Association of failing to protect her from a coach she said sexually abused her at one of its …

Posted: May 09, 2024

Range Rover Buyers Offered Insurance Cash After String of Thefts

Jaguar Land Rover Automotive Plc is offering to pay part of customers’ insurance costs for new Range Rovers after a string of thefts caused premiums to soar and left some unable to get cover. The British carmaker will provide £150 …

Posted: May 09, 2024

Brazilian Floods Are Inflicting Billions in Economic Devastation

The floods and severe rainfall that ravaged Southern Brazil are hurting the nation’s powerhouse agricultural sector, with industries from auto manufacturing to banking and insurance also bracing for disruption. Heavy rains in Rio Grande do Sul,...

Posted: May 09, 2024

The World’s Biggest Carbon Removal Plant Comes Online in Iceland

Amid the steam rising around Iceland’s Hellisheioi station sits a newly built warehouse surrounded by giant fans run by carbon removal startup Climeworks. Dubbed Mammoth, the project is now the world’s biggest plant to suck carbon dioxide...

Posted: May 09, 2024

Fannie and Freddie Hit Pause on Replacement-Value Requirements for Home Insurance

Property insurance groups on Wednesday applauded a decision by Fannie Mae and Freddie Mac to hold off on an apparent plan to scrutinize mortgages on homes that don’t carry full replacement-value insurance coverage. The decision by Fannie and Fr...

Posted: May 09, 2024

Safety Lapses Contributed to Patient Assaults at Oregon State Hospital: Federal Report

Safety lapses at the Oregon State Hospital contributed to recent patient-on-patient assaults, a federal report on the state’s most secure inpatient psychiatric facility has found. The investigation by the Centers for Medicare and Medicaid Servi...

Posted: May 09, 2024

Judge Dismisses Suit by Mother Who Claimed School Hid Teen’s Gender Expression

A federal judge dismissed a lawsuit brought by a Maine woman who accused school officials of encouraging her teen’s gender expression by providing a chest binder and using a new name and pronouns, without consulting parents. U.S. District Judge...

Posted: May 09, 2024

Report: California Workers’ Comp Written Premium Increased 2% in 2023

Written premium in calendar year 2023 was 2% higher than the prior year, driven by continued economic expansion, but partially offset by continued rate decreases, a new report shows. The Workers’ Compensation Insurance Rating Bureau of Californ...

Posted: May 09, 2024

Nevada Launches Home Insurance Tool to ID Carriers by ZIP

The Nevada Division of Insurance is launching a web-based tool that enables Nevada consumers to identify insurance carriers that are currently accepting home insurance applications by specific ZIP code. The NVDOI said its tool is a recognition that p...

Posted: May 09, 2024

Vendor That Mishandled Pennsylvania Virus Data to Pay $2.7M in Whistleblower Case

A large staffing firm that performed COVID-19 contact tracing for Pennsylvania and exposed the private medical information of about 72,000 residents will pay $2.7 million in a settlement with the Justice Department and a company whistleblower, federa...

Posted: May 09, 2024

People Moves: Roberts Joins LP Insurance in California; AMERIND Names Sattler CFO

Roberts Joins LP Insurance Services Employee Benefits Brokerage Team Lynn Roberts joined the employee benefits group in the Gold River, California, office of LP Insurance Services LLC. Roberts has over 30 years of industry experience and most recentl...

Posted: May 09, 2024

COVID-19 Can Be Occupational Disease, Colorado Court Says in Worker Death Case

For the first time, a Colorado appellate court has concluded that COVID-19 can be an occupational disease that is compensable under the state’s Workers’ Compensation Act. The Colorado Court of Appeals ruling came in a case in which Life C...

Posted: May 09, 2024

Construction Site Fatalities Down, Injuries Up in New York City

Building construction-related fatalities in the five boroughs of New York City are at the lowest number in nearly a decade, with seven deaths in 2023 as compared to a high of 14 in 2019. While fatalities are down, the annual …

Posted: May 09, 2024

All 50 States in Just 2 Minutes: How Service Insurance Companies Went National in No Time

This post is part of a series sponsored by AgentSync. When Service Insurance Companies decided to expand nationwide, what was once a mildly cumbersome task (for just the state of Texas), morphed into a Herculean challenge. The shift from a …

Posted: May 08, 2024

Hub Acquires Michigan’s True North Group

Hub International Limited announced the acquisition of the assets of True North Group Insurance Services, LLC (True North Group). Terms of the transaction were not disclosed. Located in Howell, Michigan, True North Group is an independent insurance a...

Posted: May 08, 2024

People Moves: IMA Financial Group Names Mizell Director of Energy & Marine Practice

IMA Financial Group, Inc., headquartered in Houston, named John Mizell as a director within IMA Houston’s energy and marine practice. Before joining IMA, John led McGriff Insurance Services, Inc.’s Houston office as executive vice preside...

Posted: May 08, 2024

Houston Floodwaters Starts to Recede; 800 Structures Damaged

HOUSTON (AP) — Floodwaters in the Houston area and parts of Southeast Texas began to recede on Monday, allowing residents to begin returning to their homes and assess damages after days of heavy rainfall that pummeled the area and led …

Posted: May 08, 2024

Houston Floodwaters Start to Recede; 800 Structures Damaged

HOUSTON (AP) — Floodwaters in the Houston area and parts of Southeast Texas began to recede on Monday, allowing residents to begin returning to their homes and assess damages after days of heavy rainfall that pummeled the area and led …

Posted: May 08, 2024

People Moves: RT Specialty’s Environmental & Construction Professional Practice Promotes Six

RT Specialty made six promotions to leadership roles in its environmental & construction professional practice. Hannah Altomare was promoted to consultant. Altomare joined RT ECP six years ago. She previously served as commercial lines account ma...

Posted: May 08, 2024

Louisiana Governor Signs Package of Property Insurance Reform Bills

Louisiana governor Jeff Landry signed a package of insurance reform bills Tuesday aimed at encouraging insurers to write more business in the state’s property market. The legislation, endorsed by Louisiana Insurance Commissioner Tim Temple, wil...

Posted: May 08, 2024

Ardonagh to Acquire Australia’s PSC Insurance Group for A$2.3 Billion

Ardonagh Group, the London-based independent insurance distribution platform, announced it has agreed to acquire Australia’s PSC Insurance Group Ltd., in a deal valued at A$2.3 billion (US$1.5 billion). PSC is a diversified insurance services g...

Posted: May 08, 2024

Lawsuit Alleges Decades of Child Sexual Abuse at Illinois Juvenile Detention Centers

CHICAGO (AP) — Child sexual abuse at Illinois juvenile detention centers was pervasive and systemic for decades, according to disturbing accounts in a lawsuit filed Monday by 95 men and women housed at the youth centers as children. The lawsuit &#823...

Posted: May 08, 2024

Pfizer Agrees to Settle More Than 10,000 Zantac Cancer Lawsuits

Pfizer Inc. has agreed to settle more than 10,000 cases accusing it of hiding the cancer risks of its Zantac heartburn drug, according to people familiar with the deal, the biggest of the litigation. The agreements cover cases in state …

Posted: May 08, 2024

Markets/Coverages: FM Global Names Leadership for New Renewable Energy Unit

Commercial property insurer FM Global announced the launch of a renewable energy unit to help clients in the transition to alternative energy through research and innovation, and to support the overall advancement of the renewable energy industry. FM...

Posted: May 08, 2024