Insurance Journal
One of the East Coast’s largest auto recyclers and used parts suppliers has agreed to pay $868,000 in penalties related to 35 workplace safety violations at its Camden, New Jersey facility. The agreement with The Auto Store, operating as My ...
Posted: Apr 17, 2024
Four railroads have asked federal appeals courts to throw out a new rule that would require two-person train crews in most circumstances, saying the mandate is arbitrary, capricious and an illegal abuse of discretion. The identical challenges of the...
Posted: Apr 17, 2024
Donald Trump submitted evidence that the insurer providing his $175 million appeal bond in New York’s civil fraud case is financially capable of paying up if his legal challenge fails, after the state attorney general demanded more proof. Los A...
Posted: Apr 17, 2024
Hours before leaving port, the massive container ship that caused the deadly collapse of a Baltimore bridge experienced apparent electrical problems, a person with knowledge of the situation told The Associated Press on Monday, the same day FBI agent...
Posted: Apr 17, 2024
So-called forever chemicals have been found in water sources across New Mexico, according to recent studies by the U.S. Geological Survey and state environment officials. The federal agency detailed the findings last week, around the same day the U.S...
Posted: Apr 17, 2024
Michaela Mendelsohn, who owns six El Pollo Loco locations serving grilled chicken and tacos in California, recently found herself raising managers’ pay by over 10% to more than $83,000 a year. With the state’s new law mandating a $20 mini...
Posted: Apr 17, 2024
Scott Reinke joined Intact Insurance Specialty Solutions, headquartered in Plymouth, Minnesota, as chief underwriting officer for its transactional surety team. Reinke oversees surety’s commercial transactional book of business and their online...
Posted: Apr 16, 2024
Wild weather is sweeping the central US on Tuesday with tornado watches posted across parts of Nebraska and Kansas and an enhanced risk of severe thunderstorms later in Iowa, Missouri and Illinois, the National Weather Service said. At least one R...
Posted: Apr 16, 2024
Jacobson Memorial Hospital Care Center, a critical access hospital in Elgin, North Dakota, will pay $45,000 and provide other relief to settle a U.S. Equal Employment Opportunity Commission (EEOC) retaliation lawsuit, the federal agency announced tod...
Posted: Apr 16, 2024
In Texas, 49 public water utility systems have reported surpassing the U.S. Environmental Protection Agency’s first-ever limits for five “forever chemicals” in drinking water, according to data submitted to the federal agency. Exper...
Posted: Apr 16, 2024
Higginbotham has acquired Eagan Insurance of Metairie, Louisiana, in a move that extends Higginbotham’s presence to South Louisiana and the Mississippi Gulf Coast. “At Higginbotham, we just celebrated our 75th anniversary last year, so we...
Posted: Apr 16, 2024
Alabama-based CRC Group, a wholesale and specialty distributor and part of Truist Insurance Holdings, has shuffled its deck a bit, moving InsureTrust, a cyber coverage broker, from Starwind Specialty. Starwind was formed in 2021 with the combination...
Posted: Apr 16, 2024
King Insurance Partners, considered one of the fastest-growing U.S. brokerages, has added another producer to its lineup: The Dave Alton Agency, with offices in Greenville, Plymouth and Washington, North Carolina. The Alton agency, in business for tw...
Posted: Apr 16, 2024
The U.S. cyber insurance line generated strong direct underwriting profits for the second straight year in 2023, but written premium volume has stalled amid renewed pricing pressure, according to a Fitch Ratings analysis. For standalone cyber coverag...
Posted: Apr 16, 2024
Four people, including a Cuban-born former Major League Baseball player who earned more than $15 million in his playing career, have been charged with staging an auto accident and defrauding an insurance carrier. Yuniesky Betancourt, 42, who played n...
Posted: Apr 16, 2024
The first quarter Small Business Index, which measures small business owner confidence, is 62.3—similar to last quarter’s score of 61.3—reflecting a stable business climate. More small businesses see an improving economy, which drove the headli...
Posted: Apr 16, 2024
Beat Capital Partners, a London-based venture capital investor that focuses on the insurance industry, announced it is planning to launch a specialty and tech-enabled credit non-payment insurance underwriter. Called “Convergence,” the bus...
Posted: Apr 16, 2024
Jensten Group, the London-based independent insurance broking group, announced it will invest up to £1 million (US$1.3 million) this year to help 15 individuals start their own independent brokerages. The investments will be made through Coversure, t...
Posted: Apr 16, 2024
Mark Zuckerberg won his bid to avoid personal liability in about two dozen lawsuits accusing Meta Platforms Inc. and other social media companies of addicting children to their products. US District Judge Yvonne Gonzalez Rogers, who is overseeing the...
Posted: Apr 16, 2024
Inflation continues to have an effect on property exposures with sums insured for European windstorm increasing by 10.1% year-on-year at constant euro exchange rates, at similar levels to 2023, according to PERILS AG, the independent Zurich-based com...
Posted: Apr 16, 2024
UnitedHealth Group expects to take a hit of as much as $1.6 billion this year from disruptions caused by the February cyberattack at its Change Healthcare unit. Despite the disruptions, UnitedHealth still beat estimates for first-quarter adjusted pro...
Posted: Apr 16, 2024
More than two dozen river barges broke loose from their moorings and floated down the Ohio River in Pittsburgh, striking one bridge that had already been preemptively closed and damaging a marina, officials said. The boats eventually were pinned to &...
Posted: Apr 16, 2024
This post is part of a series sponsored by AgentSync. As the property and casualty market struggles to find its equilibrium, carriers and reinsurers are retooling their approach to risk and the market. As a Floridian myself, seeing reinsurers pull &#...
Posted: Apr 16, 2024
An El Niño weather event has ended, Australian weather authorities said on Tuesday, adding that they were uncertain if a La Niña phenomenon would form later this year, as other forecasters have predicted. The cycle between the two is hugely …
Posted: Apr 16, 2024
San Diego, CA. April 16, 2024 — Today, Carrier Management announced the agenda and speakers for The InsurTech Summit 2024. This event will provide valuable insights not found elsewhere and is designed for: carrier executives, entrepreneurs and invest...
Posted: Apr 16, 2024