Insurance Journal
Toyota Motor said Friday it is recalling about 380,000 trucks in the United States over an axle issue that could increase the risk of a crash. The recall covers 2022 and 2023 model year Tacoma vehicles because an axle shaft …
Posted: Mar 05, 2024
Influential U.S. doctors’ group the American Medical Association (AMA) on Monday asked the Biden Administration to make emergency funds available to physicians hurt by ongoing problems created by the hack of UnitedHealth’s Change Healthca...
Posted: Mar 05, 2024
Staff at Wyoming’s state youth detention facility locked juveniles in solitary confinement for weeks at a time, repeatedly buckled one in a restraint chair for up to 12 hours a day and poked fun at another while withholding the leg …
Posted: Mar 05, 2024
A unit of Warren Buffett’s Berkshire Hathaway was added on Monday to a lawsuit accusing the National Association of Realtors and several brokerages of conspiring to keep real estate commissions artificially high nationwide. The complaint filed...
Posted: Mar 05, 2024
Authorities say a collision between two firetrucks responding to a blaze in northeastern Pennsylvania injured six firefighters. Officials in Luzerne County say a rescue truck from Valley Regional Fire and Rescue collided with a ladder truck from Hazl...
Posted: Mar 05, 2024
Volkswagen AG faces a pair of lawsuits in Germany over claims it was the battery in a Porsche electric vehicle that triggered the 2022 fire onboard a massive cargo ship that eventually sank with thousands of cars on board. One …
Posted: Mar 05, 2024
Houthi militants attacked and damaged a Swiss-owned container vessel on Monday in the Gulf of Aden, as the Iran-backed group continues to roil shipping in the region. The MSC Sky II, managed by MSC Mediterranean Shipping Co., was about 91 …
Posted: Mar 05, 2024
AXIS Capital Holdings announced it has received full approval from Lloyd’s to begin underwriting from April 1, 2024. AXIS first announced in December that it had secured in-principle approval from Lloyd’s to establish a new syndicate that...
Posted: Mar 05, 2024
Four former top Twitter executives, including former CEO Parag Agrawal, have sued Elon Musk for over $128 million in combined unpaid severance, according to a lawsuit filed on Monday. The lawsuit, filed in federal court in San Francisco, is the ̷...
Posted: Mar 05, 2024
ST. PETERSBURG, Fla. (AP) — Moments before the deadly crash of a charter jet on a Florida highway, three warnings about oil pressure problems in its two engines sounded, the National Transportation Safety Board said in a preliminary report Tuesday. &...
Posted: Mar 05, 2024
The head of two property insurance companies set to enter the Florida market this year is warning state lawmakers that bills that would limit policy cancellations and nonrenewals after storm damage could do more harm than good. “It absolutely i...
Posted: Mar 05, 2024
A former New Jersey insurance agent has agreed to a deal with prosecutors under which he will testify in the federal corruption case against U.S. Senator Bob Menendez. In federal court in Manhattan last Friday, Jose Uribe pleaded guilty to …
Posted: Mar 05, 2024
Street parking was already scarce in Hoboken, New Jersey, when the death of an elderly pedestrian spurred city leaders to remove even more spaces in a bid to end traffic fatalities. For seven years now, the city of nearly 60,000 …
Posted: Mar 05, 2024
AccuWeather meteorologists say California will be free of widespread drought through the end of 2025 on the heels of a blizzard that dumped more than 80 inches of snow on the mountains of northern and central California. Back-to-back wet and …
Posted: Mar 05, 2024
IMA Financial Group acquired RiskPoint Insurance Advisors LLC in the Pacific Northwest. With the transaction, k.p.d. Insurance and JL Jones and Associates will join RiskPoint in rebranding as IMA companies and expanding IMA’s presence in the Pa...
Posted: Mar 05, 2024
A Florida woman who says she was struck and dragged by a New York City bus and left partially paralyzed has been awarded $72.5 million in her lawsuit against the city’s transit agency. A city jury found in favor of …
Posted: Mar 05, 2024
This post is part of a series sponsored by IAT Insurance Group. After the unprecedented boom that surged through the trucking industry following the COVID-19 pandemic, trucking companies are now grappling with lower delivery volumes and excess capaci...
Posted: Mar 05, 2024
A post on a hacker forum popular with cybercriminals has claimed UnitedHealth Group paid $22 million in a bid to recover access to data and systems encrypted by the “Blackcat” ransomware gang, according to two researchers. Neither UnitedH...
Posted: Mar 05, 2024
Low-cost air carriers JetBlue Airways and Spirit Airlines canceled their $3.8-billion merger agreement on Monday, seeing no path forward after a U.S. judge blocked the deal in January on anti-competition concerns. A successful deal would have created...
Posted: Mar 04, 2024
This edition of International People Moves details appointments at Aon’s Reinsurance Solutions Bermuda unit and Acrisure Re in London. A summary of these new hires follows here. Aon Promotes Romeo to CEO of Bermuda Reinsurance Operations Insura...
Posted: Mar 04, 2024
Aviva plc announced it will acquire 100% of Probitas Holdings (Bermuda) Ltd., the parent company of the Probitas Group, for a minimum fixed consideration of £242 million (US$306.2 million). The transaction includes Probitas Managing Agency, which is...
Posted: Mar 04, 2024
The hard market has independent agents “going the extra mile” to prioritize client communication, retention, technology and team morale. Trusted Choice, the national consumer brand representing the members of the Independent Insurance Age...
Posted: Mar 04, 2024
CANTON TOWNSHIP, Mich. (AP) — A driver who crashed her sport-utility vehicle into a Walmart store in suburban Detroit was likely having a health incident at the time, authorities said Saturday. The woman and four other people who were taken …
Posted: Mar 04, 2024
The cost of war risk insurance through the Red Sea remained stable on Monday despite the sinking of the Rubymar cargo ship as underwriters had already factored in the casualty after it was first hit by a missile last month, …
Posted: Mar 04, 2024
Rating agency AM Best has assigned a negative outlook to the U.S. directors and officers liability insurance segment as more market entrants increase capacity and drive down pricing in the face of some troubling potential risk exposures. “The c...
Posted: Mar 04, 2024