Insurance Journal
This edition of International People Moves details appointments at Tokio Marine HCC International and the broker Miller. A summary of these new hires follows here. Tokio Marine HCC Taps SCOR’s Hannay to Lead New Power Proposition Tokio Marine H...
Posted: Feb 15, 2024
A bank uses biased artificial intelligence outputs in a mortgage lending decision. An insurance firm’s AI produces racially homogeneous advertising images. Users of an AI system complain about a bad experience. These are just a few of the poten...
Posted: Feb 15, 2024
Powerful winds have killed a man and brought widespread destruction across Australia’s second-most populous state, leaving 530,000 homes and businesses without power and fanning fires that razed homes and injured five firefighters, officials sa...
Posted: Feb 15, 2024
JACKSON, Miss. (AP) — Law enforcement officials have surged local, state and federal resources to Mississippi’s capital city for a new operation aimed at curbing violent crime, drug trafficking and other offenses, Gov. Tate Reeves announced Tue...
Posted: Feb 15, 2024
A pro-Palestinian hacking group targeted Israeli software engineers as part of an attempt to dupe them into downloading malware weeks before the Oct. 7 massacre, according to findings from cybersecurity researchers at Alphabet Inc.’s Google. Th...
Posted: Feb 15, 2024
ATLANTA (AP) — Georgia senators are moving to limit the ability of people to sue insurance companies directly in lawsuits over trucking accidents. The Senate voted 46-2 on Tuesday to pass Senate Bill 426, sending it the House for more …
Posted: Feb 15, 2024
CHARLESTON, W.Va. (AP) — A West Virginia bill approved by the House of Delegates on Tuesday that limits counties from regulating agricultural operations is stoking fears that a logging company could resurrect plans to build a toxic-spewing fumigation...
Posted: Feb 15, 2024
Facebook must face a collective lawsuit valued at around 3 billion pounds ($3.77 billion) over allegations the social media giant abused its dominant position to monetise users’ personal data, a London tribunal ruled on Thursday. Legal academic...
Posted: Feb 15, 2024
The scheduled trial next week of a movie weapons supervisor in the fatal shooting of a cinematographer by Alec Baldwin may hinge on an enduring mystery: How did live ammunition find its way onto the set of a film set …
Posted: Feb 15, 2024
Oracle Corp. female employees who fought the company in court for almost seven years over gender-pay equity reached a $25 million settlement — a small price for the software giant that amounts to one or two paychecks for most of …
Posted: Feb 15, 2024
The directors and officers of Bed Bath & Beyond will have their legal costs related to the retailer’s bankruptcy covered under a Zurich American Insurance policy. U.S. Bankruptcy Judge Vincent F. Papalia has stipulated that Zurich Insurance...
Posted: Feb 15, 2024
Reinsurers in general maintained adequate capacity for casualty programs, despite concerns about social inflation and some recent reserve strengthening actions, according to a report from AM Best. For reinsurers, a relatively stable economic environm...
Posted: Feb 15, 2024
Match Group was sued on Wednesday in a proposed class action claiming that its dating apps Tinder, Hinge and The League are designed to addict users, generating more profit for the company, rather than help them establish relationships. The plaintiff...
Posted: Feb 15, 2024
Burns & Wilcox Names Kestenbaum Managing Director of New Boston Office Insurance broker Burns & Wilcox, headquartered in Farmington Hills, Michigan, named Peter Kestenbaum managing director of its new Boston office. Kestenbaum joins Burns ...
Posted: Feb 15, 2024
Howden, the London-based insurance intermediary group, announced it has agreed to acquire ARM Group Holdings Ltd., the parent of Alternative Risk Management, one of the largest independent insurance managers in Europe and a specialist in the formatio...
Posted: Feb 15, 2024
The federal district court in Burlington, Vermont recently granted the state attorney general’s motion to return the state’s consumer protection case against Exxon and other fossil fuel producers to state court. The federal court said tha...
Posted: Feb 15, 2024
Britain’s markets watchdog has ordered more than 1,000 banks, insurers and brokerages to report how many sexual harassment, discrimination and other non-financial misconduct cases they have recorded since 2021 and how they have dealt with them....
Posted: Feb 15, 2024
FWD Group Holdings Ltd., the Asian insurer controlled by billionaire Richard Li, is considering options including a potential stake sale after delaying a planned initial public offering, according to people familiar with the matter. The company could...
Posted: Feb 15, 2024
U.S. energy regulators have launched a review of the performance of the bulk power system during recent winter storms in January that brought Arctic air across much of North America, the North American Electric Reliability Corporation (NERC) said on...
Posted: Feb 15, 2024
State-backed hackers from Russia, China, and Iran have been using tools from Microsoft-backed OpenAI to hone their skills and trick their targets, according to a report published on Wednesday. Microsoft said in its report it had tracked hacking group...
Posted: Feb 15, 2024
Multi-district litigation over the diabetes drug saxagliptin, a case that combined more than 80 suits from around the country, has failed because the plaintiffs’ sole expert witness was unreliable and did not show a causal link between the medi...
Posted: Feb 15, 2024
Workers who help bring Disneyland’s beloved characters to life — including Mickey Mouse, Donald Duck and Cinderella — are looking to unionize. Labor organizers announced the campaign, saying performers want better safety conditions and scheduli...
Posted: Feb 15, 2024
The Liberty Company Insurance Brokers named Rick Donatini and Tim Collins to vice president positions and Jules Gootrad as a business development specialist. Donatini joined the firm as vice president, employee benefits. Donatini has more than 30 yea...
Posted: Feb 15, 2024
A Virginia employer cannot assert that an injury is unrelated to a workplace accident while also arguing that the medical care for that injury is unauthorized; instead the employer must choose one or the other position, the Virginia Workers’ Co...
Posted: Feb 15, 2024
The Missouri Department of Commerce and Insurance (DCI) issued an Earthquake Survey in December 2023 that shows a lack of understanding about risk and insurance coverage is a problem, while the cost and lack of available earthquake insurance coverage...
Posted: Feb 15, 2024