Insurance Journal
CHARLESTON, W.Va. (AP) — A former finance manager of a nonprofit organization that assists West Virginia disaster victims was sentenced Thursday to more than three years in prison for the theft of $871,000 from the group. Benjamin Cisco, 31, of ̷...
Posted: Jan 16, 2024
Boeing Co. was sued by passengers on an Alaska Airlines Inc. flight that was forced to make an emergency landing in Portland, Oregon, last week after a mid-air blowout of a so-called door plug on the 737 Max 9 jet. …
Posted: Jan 16, 2024
The Japanese government has revoked certification for three Daihatsu Motor Co. vehicles after an investigation found the Toyota Motor Corp. affiliate had been manipulating collision safety test results for decades. Transport Minister Tetsuo Saito del...
Posted: Jan 16, 2024
Repsol SA is being sued for $1 billion by an English law firm representing around 35,000 alleged victims for its involvement in Peru’s largest oil spill in 2022. Tom Goodhead, chief executive officer of Pogust Goodhead, said the lawsuit was ...
Posted: Jan 16, 2024
SOUTH BEND, Ind. (AP) — A judge last week dismissed a University of Notre Dame’s professor’s defamation lawsuit against a student-run publication over news coverage of her abortion-rights advocacy. St. Joseph County Superior Court Senior...
Posted: Jan 16, 2024
Check fraud has risen dramatically in the last few years – why are insurance companies still slow to make the leap to more secure payment? Insurance veterans know that when it comes to collecting payments, checks persist in our industry. …...
Posted: Jan 16, 2024
Houthi militants hit a US-owned commercial vessel with an anti-ship ballistic missile on Monday, underscoring warnings that the world’s most important trade artery remains too risky for navigation. The Gibraltar Eagle, sailing under the flag of...
Posted: Jan 16, 2024
Federal lawmakers introduced a bill to create a federal natural catastrophe backstop recently, reacting to insurers’ issues with growing private reinsurance costs. But a trade group for carriers suggested that a federal remedy could create more...
Posted: Jan 16, 2024
U.S. lawmakers have urged the Securities and Exchange Commission (SEC) to review its cyber security preparedness after the financial regulator’s X account posted market material information earlier in the week due to a hack. Someone briefly acc...
Posted: Jan 16, 2024
Alabama authorities last week charged a city councilman with insurance fraud, alleging that he falsely claimed he had purchased a BMW vehicle. Derrick Griffin, a councilman in Prichard, next to Mobile, was indicted by a grand jury in December. He ...
Posted: Jan 16, 2024
Alabama authorities last week charged a city councilman with insurance fraud, alleging that he falsely claimed he had purchased a BMW vehicle. Derrick Griffin, a councilman in Prichard, next to Mobile, was indicted by a grand jury in December. He ...
Posted: Jan 16, 2024
Stakeholders have continued to react to a recent Florida Office of Insurance Regulation report on the property insurance market, a report that underscored the impact that excessive claims litigation had on insurers but which also noted that some key...
Posted: Jan 16, 2024
Stakeholders have continued to react to a recent Florida Office of Insurance Regulation report on the property insurance market, a report that underscored the impact that excessive claims litigation had on insurers but which also noted that some key...
Posted: Jan 16, 2024
A record high tide in Maine washed away three historic fishing shacks that had stood since the 1800s and formed the backdrop of countless photographs. Michelle Erskine said she was visiting fisherman’s point at Willard Beach in South Portland o...
Posted: Jan 16, 2024
Tyler Banks joined Alliant Insurance Services as executive vice president, Alliant Private Client. Banks previously served as North America practice leader, president and CEO, personal lines at WTW. Alliant is based in Irvine, Calif.,
Posted: Jan 16, 2024
Connecticut is receiving emergency federal aid following severe flooding this month that caused dam breaches and road closures. President Joe Biden on Saturday approved an emergency declaration for the state that authorizes the Department of Homeland...
Posted: Jan 16, 2024
Philadelphia police say a former high-ranking commander fired after he was charged with sexual assault will be reinstated following an arbitrator’s ruling in the wake of the dismissal of the cases against him. Carl Holmes “will return to...
Posted: Jan 16, 2024
The Republican-led U.S. House of Representatives on Friday voted to repeal a federal labor board rule set to take effect in February that would treat companies as the employers of many contract and franchise workers and require them to bargain …...
Posted: Jan 16, 2024
Ukraine is discussing military risk insurance for air transportation with insurance broker Marsh and consulting firm Oliver Wyman, Ukraine’s National Security and Defense Council said on Friday. Air traffic over Ukraine has been suspended since...
Posted: Jan 15, 2024
This post is part of a series sponsored by IAT Insurance Group. Winter weather is just around the corner. To reduce the risk of hazards, winter preparation is essential. Now is the time for building mangers to ready their premises …
Posted: Jan 15, 2024
A judge has rejected several claims lodged by Delaware’s attorney general in a lawsuit alleging that the fossil fuel industry has downplayed the risks of climate change. Tuesday’s ruling significantly narrows the scope of the suit seeking...
Posted: Jan 14, 2024
An avalanche roared through a section of expert trails at a California ski resort near Lake Tahoe on Wednesday, sweeping up four people and killing one, as a major storm with snow and gusty winds moved into the region, authorities …
Posted: Jan 12, 2024
California lawmakers who want to ban tackle football for kids under 12 to reduce brain injuries gained ground this week in the Legislature but still face a very long field and a clock that is ticking. Though it was a …
Posted: Jan 12, 2024
The hack of the U.S. Securities and Exchange Commission’s X account earlier this week is shining a light on an uncomfortable truth: Cybersecurity measures at Wall Street’s chief regulator have repeatedly been found to be lacking. The agen...
Posted: Jan 12, 2024
As sea levels rise in coming years, younger people will move inland, while aging populations will be stuck with the growing risk in coastal areas, a Florida State University professor and researchers have concluded. “Older populations are the l...
Posted: Jan 12, 2024