Insurance Journal

Lawsuit Accuses Oregon Officer of Excessive Force in 2022 Shooting of Unarmed Black Man

A police officer in Portland, Oregon, has been accused in a federal lawsuit of excessive force over a 2022 fatal shooting of an unarmed Black man. The officer shot Immanueal “Manny” Clark in the back as he ran away from …

Posted: Mar 14, 2024

Lawsuit Accuses Oregon Officer of Excessive Force in Shooting of Unarmed Black Man

A police officer in Portland, Oregon, has been accused in a federal lawsuit of excessive force over a 2022 fatal shooting of an unarmed Black man. The officer shot Immanueal “Manny” Clark in the back as he ran away from …

Posted: Mar 14, 2024

People Moves: EPIC Adds Romanelli; New Hampshire Promotes Dexter, Heaton

EPIC Insurance Brokers & Consultants (EPIC), headquartered in San Francisco, named Jim Romanelli as executive vice president. Based in New York, Romanelli will focus on growth in the Northeast region. Romanelli has over three decades of experienc...

Posted: Mar 14, 2024

People Moves: Alliant Names Hammond VP, Private Client Loss Control Department

Willy Hammond joined the Alliant private client division of Alliant Insurance Services as vice president, senior loss control specialist. Hammond has 30 years of experience in the industry and previously served as national director of premier account...

Posted: Mar 14, 2024

How to Maintain Your Truck’s Gross Weight Compliance

This post is part of a series sponsored by IAT Insurance Group. Many of the top issues facing the trucking industry this year all roll up into one prime source: the economy.[1] In 2022, the cost of operating in the …

Posted: Mar 13, 2024

Chubb’s Greenberg Defends Issuing Appeal Bond to Trump: ‘We Don’t Take Sides’

Chubb CEO Evan Greenberg, recognizing the criticism swirling around his company’s involvement in providing Donald Trump with a $91.6 million appeal bond so he can appeal a verdict, penned a letter to explain. “When Chubb issues an appeal...

Posted: Mar 13, 2024

Court Upholds Kansas Law Banning Changes to Transgender Driver’s Licenses

TOPEKA, Kan. (AP) — A Kansas judge ruled Monday that the state isn’t violating transgender residents’ rights under the state constitution by refusing to change their driver’s licenses to reflect their gender identities. District Jud...

Posted: Mar 13, 2024

Oklahoma House Passes Bill to Fund Fortified Homes Program

Oklahoma lawmakers in the House of Representatives on Tuesday approved a bill that would provide financial grants to residents to construct or retrofit homes, making them more resilient against the destructive forces of tornadoes, windstorms and hail...

Posted: Mar 13, 2024

People Moves: Arch Reinsurance Promotes 3 Senior Leaders: Halgan, Hardy Pickering and Pun; DUAL Fran...

This edition of International People Moves details appointments at Arch Reinsurance and DUAL France. A summary of these new hires follows here. Arch Reinsurance Promotes 3 Senior Leaders: Halgan, Hardy Pickering and Pun Arch Reinsurance Group announc...

Posted: Mar 13, 2024

Brawner Acquires Missouri’s Armstrong

Brawner Insurance Agency recently acquired Armstrong Insurance, a four-year-old agency serving Northeast Missouri. Brawner Insurance owner Jared Brawner will continue to serve as president and hired Jake Bunker as Sales Advisor to assist with day-to-...

Posted: Mar 13, 2024

Iowa Woman Charged With Insurance Fraud

An Iowa woman was charged with one count of Insurance Fraud – Presenting False Information (Class D Felony) and one count of Theft in the 2nd Degree (Class D Felony) following an investigation by the Iowa Insurance Division’s Fraud Bureau. &#82...

Posted: Mar 13, 2024

Texas, Oklahoma Areas Face New Extreme Fire Risks: Weather Watch

Red flag fire warnings are up across the Texas Panhandle, as well as parts of New Mexico, Oklahoma and Kansas, the National Weather Service said. While critical fire conditions exist in a wide swath of that area, the region around …

Posted: Mar 13, 2024

Markets/Coverages: QBE Creates UK Healthcare Practice With New Liability Product

QBE has created a Healthcare practice group and has launched a Healthcare Advantage Liability product. The Healthcare practice group will be supported by all regional offices in the UK and aims to provide a more focused approach to customers in &#823...

Posted: Mar 13, 2024

Russian Hackers Are Weaponizing Stolen Microsoft Passwords

A Russian state-sponsored hacking group that stole sensitive data from Microsoft Corp. executives is trying to leverage that information to compromise the company’s source code and other internal systems, according to the technology giant. The...

Posted: Mar 13, 2024

Florida Jury Awards $32M Against Cleveland Clinic. Did ‘Changing Stories’ Play Role?

A Broward County jury has decided that the Cleveland Clinic Florida should pay almost $32 million to the estate of a man who was not put in intensive care after suffering septic shock and later died. The jury found the …

Posted: Mar 13, 2024

PE Firm Nordic Capital Weighs Sale of Regulatory Tech Firm Regnology: Sources

Nordic Capital is weighing a sale of German regulatory software firm Regnology, in a deal which could value the business at up to 3 billion euros ($3.27 billion), four people familiar with the matter told Reuters. The private equity firm …

Posted: Mar 13, 2024

Oil Sheen off California Possibly Caused by Natural Seepage From Ocean Floor

An oil sheen spotted off the Southern California coast last week was possibly caused by a natural seep from the ocean floor, but the exact source still isn’t known, U.S. Coast Guard officials said. Authorities detected the 2.5-mile-long oil she...

Posted: Mar 13, 2024

Kentucky House Passes Bill to Reduce Medically Trained Workers in Smaller Mines

FRANKFORT, Ky. (AP) — The Kentucky House voted Monday to allow the state’s smallest coal mining operations to reduce the number of miners with emergency medical training assigned for each underground shift. In a state once known as a coal &#823...

Posted: Mar 13, 2024

Virginia Governor Faces Decision on Bad Faith Bill Opposed by Auto Insurers

Property/casualty insurers are urging Virginia Gov. Glenn Youngkin to veto a “bad faith” insurance claims measure that they contend will “open the floodgates of litigation against insurance companies” and raise auto insurance...

Posted: Mar 13, 2024

Florida’s Heritage Insurance Reports Improved Bottom Line for Q4 and Year 2023

TAMPA, Fla. (AP) — Heritage Insurance Holdings Inc. (HRTG) on Monday reported earnings of $30.9 million in its fourth quarter, more than double what it saw in Q4 2022. The Tampa, Florida-based company said it had profit of $1.15 per …

Posted: Mar 13, 2024

Cancer Clinics Face Cash Crunch After Hack Rocks US Health Care

Doctors across the US are stretching to keep their practices afloat as a debilitating cyberattack on a once little-known company at the center of the health-care system continues to cause havoc. The Feb. 21 attack against Change Healthcare, a subsidi...

Posted: Mar 13, 2024

Brown & Brown Acquires Assets of Northeast Dealer Services Firm, DealerMax

Insurance agency Brown & Brown announced that its dealer services division has acquired the assets of DealerMax. DealerMax, founded in 1982 by Jim Maxim, Sr. as Maxim Automotive, serves car dealer customers in Pennsylvania and throughout the Nort...

Posted: Mar 13, 2024

Novatae Acquires UK-Based Broker Bretton Woods International

Novatae Risk Group announced that it acquired the Lloyd’s broker Bretton Woods International (BWI) of London. The transaction is subject to applicable regulatory approval and is expected to close before the end of the second quarter. Terms of t...

Posted: Mar 13, 2024

UK Insurer Direct Line Rejects Ageas’ Sweetened Buyout Proposal

British home and motor insurer Direct Line said on Wednesday it has rejected a revised buyout proposal from Belgium-based rival Ageas, saying it “significantly undervalued” the company. Direct Line said it had received the proposal on Mar...

Posted: Mar 13, 2024

UK Insurer Direct Line Rejects Ageas’ Raised Buyout Proposal

British home and motor insurer Direct Line said on Wednesday it had rejected a higher buyout proposal from Belgium-based rival Ageas, saying it “significantly undervalued” the company. Direct Line said in a statement it had received the r...

Posted: Mar 13, 2024