Insurance Journal
Jensten, the London-based independent insurance broking group, announced the acquisition of Henry Seymour & Co. The deal, which is subject to regulatory approval, will introduce to the business a team of 22 professionals, an office located in Sut...
Posted: Apr 02, 2024
Imperial PFS (IPFS) has acquired Stonemark, Inc., a privately held premium finance organization. The transaction closed on April 1, 2024. Frisco, Texas-based Stonemark’s existing client base of over 4,000 agencies, along with their entire team,...
Posted: Apr 02, 2024
The United States and Britain on Monday announced a new partnership on the science of artificial intelligence safety, amid growing concerns about upcoming next-generation versions. Commerce Secretary Gina Raimondo and British Technology Secretary Mic...
Posted: Apr 02, 2024
Storms and tornadoes are in the forecast for states across the Midwest in the US, with further weather warnings and advisories stretching further east. There is a moderate risk of severe thunderstorms — which could bring hail, tornadoes, and straight...
Posted: Apr 02, 2024
Devonshire UW Ltd. and its affiliate Devonshire UW Europe GmbH (known collectively as “Devonshire Underwriting”) announced the launch of a managing general agent specializing in transactional risk solutions. Focused on positively disrupti...
Posted: Apr 02, 2024
U.S.-listed shares of pot producers rose premarket on Tuesday after the Florida Supreme Court on Monday allowed voters to decide on the fate of recreational use of marijuana in the state through a referendum on the November ballot. If voters …
Posted: Apr 02, 2024
A billionaire Donald Trump supporter whose California company is known for subprime auto loans offered to arrange the former president’s $175 million appeal bond in New York state’s civil fraud suit, though he said politics had nothing to...
Posted: Apr 02, 2024
In September, Hyundai and Kia issued a recall of 3.4 million of its vehicles in the United States with an ominous warning: The vehicles should be parked outdoors and away from buildings because they risked catching fire, whether the engines …
Posted: Apr 02, 2024
Health authorities searched a second Kobayashi Pharmaceutical factory in western Japan on Sunday after the company reported five deaths possibly tied to dietary supplements, an official said. The inspection in Wakayama prefecture follows one on Satur...
Posted: Apr 02, 2024
Donald Trump followed through on his vow to pay a $175 million bond to put a massive civil fraud verdict on hold while he appeals it, assuring New York state won’t start seizing the former president’s assets, at least for …
Posted: Apr 02, 2024
ST. PAUL, Minn. (AP) — Families of five men killed by police have reached a settlement with the Minnesota Bureau of Criminal Apprehension in their lawsuit seeking the investigative files on the fatal shootings. The $165,000 settlement was reached las...
Posted: Apr 02, 2024
NEW ORLEANS (AP) — Advocates for adult victims of childhood sexual abuse say they will ask Louisiana’s Supreme Court to reconsider a ruling that wiped out 2021 legislation giving them a renewed opportunity to file civil damage lawsuits over the...
Posted: Apr 02, 2024
DAVENPORT, Okla. (AP) — Authorities and work crews on Sunday continued to clean up after a train derailment in central Oklahoma overturned 22 rail cars carrying gravel but didn’t result in any injuries. The derailment occurred Saturday afternoo...
Posted: Apr 02, 2024
Systemic cyber risk is being discussed as a growing concern for insurers as technology advances and interconnectivity increases, but how is this risk defined? That may be one of its gray areas. “As you go through different owners of risk …...
Posted: Apr 02, 2024
An American aviation executive has had British judgments worth more than $4 million against him thrown out after a judge ruled that his legal opponent had covered up its use of hackers to steal the businessman’s emails in order to …
Posted: Apr 02, 2024
The owner of the ship that rammed into a bridge in Baltimore last week, killing six workers and throwing the eastern US transportation network into chaos, is seeking to limit its liability to about $43.7 million. The company, Grace Ocean, …
Posted: Apr 02, 2024
Google said it would delete millions of records of users’ browsing activities as part of a settlement of a class-action lawsuit that alleged it tracked people without their knowledge. The case, filed in 2020, alleged the Alphabet Inc. unit surr...
Posted: Apr 02, 2024
Shell on Tuesday told a Dutch court a 2021 order that it should drastically cut greenhouse gas emissions lacks a legal basis and risks obstructing the fight against climate change. In a landmark ruling that shocked the energy sector, a …
Posted: Apr 02, 2024
A Dutch court will on Tuesday hear Shell’s appeal against a landmark climate ruling which ordered it to drastically deepen planned greenhouse gas emission cuts. The district court in The Hague in 2021 ordered the oil and gas giant to …
Posted: Apr 02, 2024
A person in Texas contracted bird flu, most likely after being exposed to infected dairy cows, public health officials said, as an emerging outbreak among the animals spreads in the country. The risk to the general population remains low, the …
Posted: Apr 02, 2024
Alliant Insurance Services, a national distributor, has named Gary Pestana managing director of Alliant Specialty, in the firm’s real estate and hospitality area. He will be based in Charlotte, North Carolina. Pestana has more than 30 yearsR...
Posted: Apr 02, 2024
The global insurance brokerage Arthur J. Gallagher has acquired Fort Myers-based Specialty Risk Management Services and its affiliate agency, Private Client Insurance Services, the broker announced Monday. Specialty Risk provides commercial property...
Posted: Apr 02, 2024
A North Carolina body shop owner has been charged with fraud in connection with the use of used auto parts, instead of new parts that the insurer had paid for. The state Insurance Commissioner’s office said in a bulletin that …
Posted: Apr 02, 2024
The National Insurance Crime Bureau is hailing a new Florida law that aims to deter predatory tow-truck practices and limit the fees that tow companies can charge. House Bill 179 was signed by the governor in March and it will …
Posted: Apr 02, 2024
A company that bought property for a group of tech billionaires trying to build a sustainable city in northern California won a ruling advancing its lawsuit that accused landowners in the project’s target area of a conspiracy to drive up …...
Posted: Apr 02, 2024