Insurance Journal

Majority of CO2 Emissions Linked to Just 57 Producers: Report

The vast majority of planet-warming carbon dioxide emissions since 2016 can be traced to a group of just 57 fossil fuels and cement producers, researchers said on Thursday. From 2016 to 2022, the 57 entities including nation-states, state-owned firms...

Posted: Apr 04, 2024

Sanofi to Settle 4,000 Zantac Cancer Lawsuits in US State Courts

Sanofi has reached an agreement in principle to settle 4,000 U.S. lawsuits linking the discontinued heartburn drug Zantac to cancer, the company said on Wednesday. Sanofi did not disclose the financial terms of the deal. The agreement, which still ne...

Posted: Apr 04, 2024

Utility Company Skips Texas Panhandle Wildfire Hearings

AMPA — A company hired to inspect utility poles in the Panhandle declined to testify before Texas lawmakers Wednesday, as part of the state’s inquiry into the Smokehouse Creek fire — the largest wildfire in state history that burned more &#8230...

Posted: Apr 04, 2024

SEC Bribery Unit Probes Technology Companies’ Use of Contractors

The US Securities and Exchange Commission is asking publicly traded tech companies about their relationships with distributors and other business partners outside the US in a push to root out possible corruption, according to people familiar with the...

Posted: Apr 04, 2024

Nationwide Survey Finds Distracted Driving Still an Issue

A survey of passenger car and commercial drivers finds that distracted driving is still a significant safety issue, according to a recent survey by insurance carrier, Nationwide. The new latest driving behaviors survey revealed additional risky behav...

Posted: Apr 04, 2024

A New Approach: Florida Agents Association Makes Big Investment in Startup Insurer

The Florida Association of Insurance Agents, the largest agent group in the state, has taken the unprecedented step of investing in a startup insurance carrier, a move designed to help keep agents in the game and bring more capacity to …

Posted: Apr 04, 2024

Could Modern Protections Have Saved Baltimore Bridge? Debate Is Underway.

When a 900-foot container ship struck the San Francisco–Oakland Bay Bridge in 2007, the span stood firm and no one died, either on the ship or the highway above. The bridge’s supports were protected by a fendering system of concrete …

Posted: Apr 04, 2024

People Moves: Post Joins Alliant as SVP; Crest Adds to Tucson and Scottsdale Teams

Post Joins Alliant Insurance Services as Senior Vice President Alex Post has joined Alliant Insurance Services as senior vice president, Alliant Specialty. Based in Seattle, Post has worked exclusively with global power, utility and renewable clients...

Posted: Apr 04, 2024

ALKEME in California Undergoing ‘Regional Alignment’ to Improve Efficiency

ALKEME in California announced the creation off two regions called West – North region and the West – South/South Pacific region for its operations as part of actions the firm said will enhance operations, speed decision-making and improve efficienci...

Posted: Apr 04, 2024

Report: Four-in-10 California Workers’ Comp Claims from Workers with Less Than a Year of Tenure

Roughly four-in-10 workers’ compensation claims come from workers with less than one year of tenure, a new report from the Workers’ Compensation Insurance Rating Bureau of California shows. The report shows 40% of workers’ comp clai...

Posted: Apr 04, 2024

Kansas Newspaper Seeks $10M Over Police Raids

TOPEKA, Kan. (AP) — A weekly central Kansas newspaper and its publisher filed a federal lawsuit Monday over police raids last summer of its offices and the publisher’s home, accusing local officials of trying to silence the paper and causing &#...

Posted: Apr 03, 2024

Illinois Hog Farm Sued for Gender Identity Discrimination

Sis-Bro, Inc., a hog farm in New Athens, Illinois, violated federal law when it allowed an employee to be harassed because of her sex and gender identity, forcing her to quit, the U.S. Equal Employment Opportunity Commission (EEOC) charged in …

Posted: Apr 03, 2024

UK’s Ardonagh Advisory Completes Acquisition of Westfield Brokers

Ardonagh Advisory, the London-based SME broking platform and part of Ardonagh Group, has completed its acquisition of Westfield Brokers Ltd. Financial details of the deal, which was first announced in December 2023, were not disclosed. Westfield Brok...

Posted: Apr 03, 2024

Multiple Hurt in Texas Crash Caused by High Winds

MIDLAND, Texas (AP) — Multiple people were hurt Monday in a pileup involving as many as 30 vehicles at an intersection south of Midland, Texas, as high winds blew dust that made visibility difficult, the Texas Department of Public Safety …

Posted: Apr 03, 2024

People Moves: Upland Promotes Walas to Chief Underwriting Officer

Upland Capital Group, Inc., headquartered in Dallas, promoted Kate Walas to chief underwriting officer. Walas joined Upland as senior vice president for the professional liability errors and omissions product line. Before joining Upland, she served a...

Posted: Apr 03, 2024

People Moves: MS Amlin Promotes Geddes as Head of Reinsurance; Aon’s CFO Davies to Retire in 2025

This edition of International People Moves details appointments at re/insurer MS Amlin and the broker Aon. A summary of these new hires follows here. MS Amlin Promotes Geddes as Head of Reinsurance MS Amlin, the Lloyd’s re/insurer, announced th...

Posted: Apr 03, 2024

­­­­­­­AXA Plans Cyber Risk Prevention Campaign Ahead of Paris Olympics

AXA SA is planning a campaign to help prevent cyberattacks targeting France in the run-up to the Paris Olympics next summer. The insurer will share key measures with French corporate clients to improve the protection of their information systems, the...

Posted: Apr 03, 2024

Howden to Acquire French Broker OFRACAR

Howden, the London-based insurance intermediary group, announced it has entered into an agreement to acquire OFRACAR, an independent brokerage group headquartered in Rouen, thereby expanding its geographical footprint and capabilities to clients in n...

Posted: Apr 03, 2024

Generali Completes Purchase of Conning and Affiliates From Cathay Life

Generali announced it has completed the acquisition of Conning Holdings Ltd. (CHL) and Conning affiliates from Cathay Life, a subsidiary of Taiwan’s Cathay Financial Holdings. The deal, which was first announced on July 6, 2023, has been struct...

Posted: Apr 03, 2024

Generali Completes Acquisition of Conning and Affiliates From Cathay Life

Generali announced it has completed the acquisition of Conning Holdings Ltd. (CHL) and Conning affiliates from Cathay Life, a subsidiary of Taiwan’s Cathay Financial Holdings. The deal, which was first announced on July 6, 2023, has been struct...

Posted: Apr 03, 2024

Palm Beach Elite Are Raising Money to Lure Vanderbilt to Florida

Wealthy Florida residents and developers are looking to raise at least $300 million for Vanderbilt University to build a sprawling campus in West Palm Beach. Billionaire developer Steve Ross hosted a reception at his Palm Beach mansion on Monday for...

Posted: Apr 03, 2024

PCF Insurance Acquires Alabama’s MK Insurance Agency

PCF Insurance Services, a brokerage operating in 40 states, has acquired Hoover, Alabama-based MK Insurance Group, a family owned commercial and personal lines agency in business for six decades. MK Insurance has specialized in insurance coverage for...

Posted: Apr 03, 2024

Markets/Coverages: Munich Re’s HSB Launches Cyber Insurance for Autos

With millions of connected vehicles on U.S. roads, personal cars and trucks will likely be the next big target for hackers and cyber thieves, according to specialty insurer HSB, which has launched a new cyber insurance product to help consumers &#823...

Posted: Apr 03, 2024

Migrants Flown to Martha’s Vineyard by DeSantis Can Sue Charter Flight Company

BOSTON (AP) — Lawyers representing migrants flown to Martha’s Vineyard nearly two years ago by Florida Gov. Ron DeSantis can sue the charter flight company that transported them, according to a ruling Monday by a federal judge in Boston. The &#...

Posted: Apr 03, 2024

Murdaugh Sentenced to 40 Years for Stealing Insurance, Other Funds from Clients, Firm

CHARLESTON, S.C. (AP) — For maybe the last time, Alex Murdaugh, in a prison jumpsuit instead of the suit he used to wear, shuffled into a courtroom Monday in South Carolina and was sentenced to 40 years in federal prison. …

Posted: Apr 03, 2024