Insurance Journal

Markets/Coverages: New WTW Cyber Solution for SMEs With Revenue Under $50M

Broker WTW said it has launched a cyber solution specifically for business with annual revenue under $50 million, including startups and pre-revenue accounts. This tailored solution for small- and medium-sized enterprises (SME) is meant to address ch...

Posted: Jan 29, 2024

Seattle Will Pay $10M to Protesters Who Said Police Used Excessive Force During 2020 Protests

Seattle has agreed to pay $10 million to 50 demonstrators who sued over the police department’s heavy-handed response to racial justice protests in 2020, in a settlement announced by attorneys from both sides. The protesters were among tens of...

Posted: Jan 29, 2024

Oregon Jury Awards $85 M to 9 Victims of Deadly 2020 Wildfires

An Oregon jury awarded $85 million to nine victims of wildfires that ravaged the state in 2020, the latest verdict in a series of legal proceedings that are expected to put the utility PacifiCorp on the hook for billions of …

Posted: Jan 29, 2024

Howden Acquires UK-Based AHR Consultants

Howden, the London-based global insurance group, announced it has bolstered its risk management capabilities in the UK through the acquisition of AHR Consultants, a leading provider of HR, employment law, training and health & safety services. Fi...

Posted: Jan 29, 2024

Howden Acquires UK-Based AHR Consultants to Boost Risk Management Capabilities

Howden, the London-based global insurance group, announced it has bolstered its risk management capabilities in the UK through the acquisition of AHR Consultants, a leading provider of HR, employment law, training and health & safety services. Fi...

Posted: Jan 29, 2024

Residents Fight Planned Monkey-Breeding Farm in South Georgia

BAINBRIDGE, Ga. (AP) — Some local residents and an animal-rights group are protesting plans for a monkey-breeding facility in southwest Georgia. Opponents recently urged the Bainbridge City Council to block plans by a company called Safer Human Medic...

Posted: Jan 29, 2024

Hacking Allegations Expose E-Prescription System Cyber Risk

Scammers hacked into doctors’ electronic prescribing accounts, wrote tens of thousands of bogus orders for addictive drugs, then had runners pick them up from pharmacies in multiple states so they could be illegally resold online, prosecutors i...

Posted: Jan 29, 2024

Climate Change Poses Significant Risk for South African Insurers: Old Mutual

Climate change poses the most significant threat for South African insurance companies and risks raising premiums and the cost of reinsurance, a top official at its biggest insurer by assets said. After staying almost flat in the decade to 2020, &#82...

Posted: Jan 29, 2024

Prized Jackie Robinson Statue Stolen from Kansas Park, Sparking Outrage and Police Search

WICHITA, Kan. (AP) — A prized statue of Jackie Robinson was stolen from a public park in Kansas, spurring a police search Friday and outrage across the city of Wichita. The statue honors the first player to break Major League …

Posted: Jan 29, 2024

Jackie Robinson Statue Stolen From Kansas Park, Sparking Outrage and Police Search

WICHITA, Kan. (AP) — A prized statue of Jackie Robinson was stolen from a public park in Kansas, spurring a police search Friday and outrage across the city of Wichita. The statue honors the first player to break Major League …

Posted: Jan 29, 2024

Former Allianz Execs Raise Funds for Carbon Credit-Backed Insurance

An insurance start-up founded by three former Allianz executives that aims to guarantee companies buying carbon credits get the permits they’ve paid for has closed the biggest European climate-focused seed funding round in more than a year. Car...

Posted: Jan 29, 2024

Federal Court Issue Fine to Nebraska Contractor Who Stalled Investigation into Employee’s Fall

A federal court has issued an order holding a Nebraska roofing contractor — who has stalled federal investigators for nearly a year — in contempt of court and imposing a fine of $100 a day if he fails to comply …

Posted: Jan 29, 2024

Federal Court Fines Nebraska Contractor Who Stalled Investigation into Employee’s Fall

A federal court has issued an order holding a Nebraska roofing contractor — who has stalled federal investigators for nearly a year — in contempt of court and imposing a fine of $100 a day if he fails to comply …

Posted: Jan 29, 2024

Federal Court Fines Nebraska Contractor Who Stalled Investigation Into Employee’s Fall

A federal court has issued an order holding a Nebraska roofing contractor — who has stalled federal investigators for nearly a year — in contempt of court and imposing a fine of $100 a day if he fails to comply …

Posted: Jan 29, 2024

Brazil’s Government Paves the Way for Insurance-Linked Securities

Brazil’s National Monetary Council (CMN), the country’s highest economic body, granted approval on Thursday for regulations enabling insurers and reinsurers to raise funds from investors through the issuance of insurance-linked securities...

Posted: Jan 29, 2024

EPA Blocks Access to Louisiana Apartment Complex Due to Cancer-Causing Chemicals in Soil

BENTON, La. (AP) — After cancer-causing chemicals were found in the soil at a north Louisiana apartment complex, the Environmental Protection Agency has blocked access to part of the property and will move to abate the situation. The EPA will …

Posted: Jan 29, 2024

EPA Blocks Access to Louisiana Apartment Complex Due to Cancer-Causing Chemicals

BENTON, La. (AP) — After cancer-causing chemicals were found in the soil at a north Louisiana apartment complex, the Environmental Protection Agency has blocked access to part of the property and will move to abate the situation. The EPA will …

Posted: Jan 29, 2024

Audit Reveals Incomplete Information Led to Resignation of Minnesota Marijuana Regulator

ST. PAUL, Minn. (AP) — The Minnesota governor’s office did not have complete information about the woman the governor appointed as director of Minnesota’s new marijuana regulatory agency, leading to her surprising resignation after media...

Posted: Jan 29, 2024

Audit: Incomplete Information Led to Resignation of Minnesota Marijuana Regulator

ST. PAUL, Minn. (AP) — The Minnesota governor’s office did not have complete information about the woman the governor appointed as director of Minnesota’s new marijuana regulatory agency, leading to her surprising resignation after media...

Posted: Jan 29, 2024

HP Enterprise Discloses Hack by Suspected State-Backed Russian Hackers

Hewlett Packard Enterprise disclosed Wednesday that suspected state-backed Russian hackers broke into its cloud-based email system and stole data from cybersecurity and other employees. The provider of information technology products and services sai...

Posted: Jan 29, 2024

Family of Florida Woman Killed by Alligator Sues Housing Complex for Negligence

WEST PALM BEACH, Fla. (AP) — The family of a Florida woman killed by an alligator last year as she walked her dog in her backyard is suing the housing complex’s owner, alleging its employees fed the gator and didn’t …

Posted: Jan 29, 2024

Are Some Florida Workers’ Comp Judges Bending to the Political Winds on Fees?

Attorney fees in Florida workers’ compensation cases seem to be part of a story that will never end, and a state appeals court has added new life to the story with decisions that give support to both sides of the …

Posted: Jan 29, 2024

U.S. Finds Ex-Gov. Cuomo Sexually Harassed Employees, Settles With New York State

The U.S. Justice Department concluded former New York Gov. Andrew Cuomo sexually harassed more than a dozen state employees, according to a settlement announced Friday that confirmed allegations from the damaging misconduct probe that led to the Demo...

Posted: Jan 29, 2024

U.S. Finds Ex-Gov. Cuomo Sexually Harassed Employees, Outlines New York Reforms

The U.S. Justice Department concluded former New York Gov. Andrew Cuomo sexually harassed more than a dozen state employees, according to a settlement announced Friday that confirmed allegations from the damaging misconduct probe that led to the Demo...

Posted: Jan 29, 2024

Bayer Jury’s $2.2 Billion Roundup Verdict Is Biggest Yet

Bayer AG’s Monsanto unit was ordered by a Pennsylvania jury to pay more than $2.2 billion to a former Roundup user who blamed his cancer on the weedkiller in the largest verdict so far in five years of litigation over …

Posted: Jan 29, 2024