Insurance Journal
South Carolina Gov. Henry McMaster has requested a presidential disaster declaration to assist in recovery after wind and hail damaged homes the northern part of the state on April 20. “I have determined that the situation and survivor recovery...
Posted: May 08, 2024
U.S. prosecutors are examining whether Tesla committed securities or wire fraud by misleading investors and consumers about its electric vehicles’ self-driving capabilities, three people familiar with the matter told Reuters. Tesla’s Auto...
Posted: May 08, 2024
International General Insurance Holdings Ltd. announced it will begin trading for the first time at Lloyd’s on May 9, 2024, demonstrating the company’s long-term commitment to the London market. Located in the Lloyd’s underwriting r...
Posted: May 08, 2024
Insurance broker Marsh announced the launch of MiCAssure, a proprietary insurance solution for crypto-asset service providers such as custodians, exchanges, and administrators operating within the European Union (EU), which are required to comply wit...
Posted: May 08, 2024
Marty Malinow’s mom never could get her head around what her son did for a living. To friends, she said he was “a stockbroker that does something with the weather.” Malinow couldn’t really object — he knew most people had R...
Posted: May 08, 2024
Saudi Arabian fintech firm Rasan intends to sell a 30% stake in its Riyadh initial public offering, making it one of the first companies from the sector to go public in the kingdom. Rasan and its investors will offer 22.7 …
Posted: May 08, 2024
Typhoon activity in the Northwest Pacific region is expected to be about 20% below normal this year, forecaster Tropical Storm Risk said in its first outlook of the season. The London-based group said it expects 15 typhoons, seven of which …
Posted: May 08, 2024
April was the Earth’s 11th consecutive month of record-breaking heat, with warmer weather already sweeping across Asia and a hotter-than-usual summer expected in Europe. The European Union’s Copernicus Climate Change Service said last mon...
Posted: May 08, 2024
Full repairs to three submarine internet cables damaged in the Red Sea in February are being held up by disputes over who controls access to infrastructure in Yemeni waters. The Yemeni government has granted permits for the repair of two …
Posted: May 08, 2024
DES MOINES, Iowa (AP) — A Tennessee-based sanitation company has agreed to pay more than half a million dollars after a federal investigation found it illegally hired at least two dozen children to clean dangerous meat processing facilities in Iowa &...
Posted: May 08, 2024
NEW ORLEANS (AP) — Authorities have expanded an investigation of clergy sexual abuse in the Roman Catholic Church in New Orleans to include senior church officials suspected of shielding predatory priests for decades and failing to report their crime...
Posted: May 08, 2024
U.S.-Israeli cloud cybersecurity startup Wiz said on Tuesday it raised $1 billion in a private funding round that values the four-year old company at $12 billion. Wiz, which has raised $1.9 billion since its founding in 2020, said the funds …
Posted: May 08, 2024
China-based ByteDance Ltd. made clear it won’t comply with a new US law requiring it to sell its popular TikTok video-sharing app, setting up what likely will be a prolonged court battle pitting free-speech rights against national-security inte...
Posted: May 08, 2024
The Federal Deposit Insurance Corporation must make sweeping changes to address widespread sexual harassment and other misconduct, according to an independent report released on Tuesday that raises questions about the future of the banking regulator&...
Posted: May 08, 2024
I readily admit that lists of top risks, top threats, and opportunities for insurance are well-trodden ground, and ranking risks in order of importance inevitably triggers debate about which risk should be near the top or bottom, rather than the R...
Posted: May 08, 2024
SAVANNAH, Ga. (AP) — Georgia’s attorney general says city officials in Savannah overstepped their authority by making it illegal to leave firearms in unlocked cars. Savannah’s mayor and city council in April enacted the new city ordinance...
Posted: May 08, 2024
The Georgia insurance commissioner is accepting comments on proposed rule changes that would cut the pre-licensing course load by almost two-thirds for personal lines agents. “The primary purpose of the proposed changes to all Regulation Chapte...
Posted: May 08, 2024
A former Scranton attorney has been sentenced to prison for lying to clients who filed civil cases and for forging corresponding documents — including a judge’s signature. Pennsylvania Attorney General Michelle Henry reported that James Conaboy...
Posted: May 08, 2024
New Jersey is creating a strategic innovation center for financial (fintech) and insurance (insurtech) technology startups in a partnership with Silicon Valley-based innovation platform Plug and Play. The new innovation hub will be known as the Finte...
Posted: May 08, 2024
The husband of a Connecticut visiting nurse who was killed during an appointment with a convicted rapist filed a wrongful death lawsuit Monday, alleging her employer repeatedly ignored workers’ safety concerns about treating dangerous patients....
Posted: May 08, 2024
Had emergency responders known about widespread cellphone outages during the height of last summer’s deadly Maui wildfires, they would have used other methods to warn about the disaster, county officials said in a lawsuit. Alerts the county sen...
Posted: May 08, 2024
Robert Kirby Wells, 64, of Woodland, California, was sentenced this week to two years in prison for aggravated identity theft. Court documents show Wells was an insurance broker for a company in Denver, Colorado, that owned multifamily and commercial...
Posted: May 08, 2024
Boeing has locked out its private force of firefighters who protect its aircraft-manufacturing plants in the Seattle area and brought in replacements after the latest round of negotiations with the firefighters’ union failed to deliver an agree...
Posted: May 08, 2024
Wildfire Defense Insurance Services is offering a $20 million excess and surplus commercial property coverage for E&S risks in wildfire prone areas of California. The coverage is for total insured value up to $20 million. WDIS offers E&S comm...
Posted: May 08, 2024
Wildfire Defense Insurance Services is offering a $20 million excess and surplus commercial property coverage for E&S risks in wildfire prone areas of California. The coverage is for total insured value up to $20 million. WDIS offers E&S comm...
Posted: May 08, 2024