Insurance Journal

Aging Population Could Be Left on the Coast as Sea Levels Rise, Study Shows

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

People Moves: Alliant Names Hutchinson VP, One Call Appoints Burgess to Board

Alliant Insurance Services has named Burney Hutchinson, of Jackson, Mississippi, vice president for its Americas Division. Hutchinson, who will design property and casualty insurance programs, has extensive experience in the industry, including comme...

Posted: Jan 12, 2024

Suspect Interviewed in Shooting of Bills Fan Outside Miami Stadium

MIAMI GARDENS, Fla. (AP) — Police in South Florida have interviewed a suspect but no arrests have been made after a man fatally shot a 30-year-old Buffalo Bills fan during an altercation near Hard Rock Stadium after the Bills defeated …

Posted: Jan 12, 2024

Judge Says Lawsuit vs. Parkland School Deputy Can Go to Trial

FORT LAUDERDALE, Fla. (AP) — A lawsuit filed by families of the 17 people killed and other victims of the Parkland, Florida, school massacre against a former sheriff’s deputy who failed to intervene can go forward, a judge ruled, rejecting &#82...

Posted: Jan 12, 2024

Bottled Water Contains More Plastic Particles Than Previously Thought

A typical one-liter (33-ounce) bottle of water contains some 240,000 plastic fragments on average, according to a new study. Many of those fragments have historically gone undetected, the researchers determined, suggesting that health concerns linked...

Posted: Jan 12, 2024

Harvard Sued by Jewish Students Over ‘Rampant’ Antisemitism

Harvard University was sued by Jewish students who claim the school has failed to punish campus antisemitism that soared after the Hamas attack on Israel and helped lead to the ouster of President Claudine Gay. Harvard administrators failed to enforc...

Posted: Jan 12, 2024

Tennessee Launches Effort to Protect Songwriters and Singers from AI Mimickry

NASHVILLE, Tenn. (AP) — Tennessee Gov. Bill Lee on Wednesday unveiled new legislation designed to protect songwriters, performers and other music industry professionals against the potential dangers of artificial intelligence. Lee made the announceme...

Posted: Jan 12, 2024

FAA Launches Probe of Boeing 737 MAX 9 After Mid-Air Panel Incident

The U.S. Federal Aviation Administration is launching a formal investigation into the Boeing 737 MAX 9 after a cabin panel blew off an Alaska Airlines flight last week in mid-air, forcing an emergency landing, the regulator said on Thursday. The &#82...

Posted: Jan 12, 2024

Houthi Attacks on Shipping in Red Sea Persist; U.S. and Allies Strike Back

The United States and Britain carried out strikes from the air and sea against Houthi military targets in Yemen in response to the movement’s attacks on ships in the Red Sea. The Houthis have been targeting vessels in the southern …

Posted: Jan 12, 2024

Indiana Bill Would Allow Employees to Select Physician in Workers’ Comp Cases

An Indiana lawmaker has proposed a bill that would allow employees to choose their attending physician in workers’ compensation cases. Rep. Charles Moseley, a Democrat, introduced House Bill 1246 this week, which would permit an injured worker...

Posted: Jan 12, 2024

Dallas Auto Dealer That Gave Employee Racist ‘Trophy’ Fined $22K

AOD Ventures, Inc. doing business as Autos of Dallas, a local retailer of pre-owned vehicles in the Dallas-Fort Worth area, will pay $22,500 and furnish other relief to settle a race discrimination lawsuit filed by the U.S. Equal Employment Opportuni...

Posted: Jan 12, 2024

Omaha Beef Processing Plant Faces $274K in Fines Following Worker’s Amputation

A federal investigation into how an employee suffered a serious hand injury at an Omaha, Nebraska beef processing plant in June 2023 identified more than a dozen willful and serious violations related to the company’s failures to protect its wo...

Posted: Jan 12, 2024

Brexit Has Cost UK More Than $178 Billion so far: London Mayor

Britain’s departure from the European Union has reduced the size of its economy by 6% so far – an annual cost of 140 billion pounds ($178 billion) – London mayor Sadiq Khan said on Thursday, with the shortfall seen reaching …

Posted: Jan 12, 2024

Bank of England May Tighten Up on Life Insurers’ Use of Offshore Reinsurance

The Bank of England may tighten supervision of life insurers’ use of the “funded reinsurance” market, typically alternative asset managers who make riskier investments, as corporate pension providers increasingly rely on this offsho...

Posted: Jan 12, 2024

Bank of England May Tighten Up Life Insurers’ Use of Offshore Reinsurance

The Bank of England may tighten supervision of life insurers’ use of the “funded reinsurance” market, typically alternative asset managers who make riskier investments, as corporate pension providers increasingly rely on this offsho...

Posted: Jan 12, 2024

Plastic Pellet Spill Unleashes Cleanup Nightmare on Spain’s Coast

Tiny white plastic pellets are washing ashore in Spain’s northwestern coast by the millions, with hundreds of volunteers leading the clean up as authorities struggle to coordinate and companies decline any responsibility. A tanker ship lost six...

Posted: Jan 12, 2024

People Moves: Allstate Names Fiato EVP and Chief Claims Officer; TNEDICCA Names Progressive’s Pratt...

Allstate, headquartered in Northbrook, Ill., named Mike Fiato as executive vice president and chief claims officer, effective Jan. 22. Fiato joins Allstate with more than 32 years of industry experience. Most recently, he served as executive vice pre...

Posted: Jan 12, 2024

Ex UK Goldman Sachs Manager Seeks $1.27M Over Harm From ‘Dysfunctional’ Workplace

A former senior Goldman Sachs manager is seeking around 1.0 million pounds ($1.27 million) from the Wall Street bank in London over allegations that bullying and a dysfunctional workplace destroyed his physical and psychological health. Ian Dodd, a 5...

Posted: Jan 12, 2024

People Moves: Watkins Insurance Group Names Scott President

Watkins Insurance Group, based in Austin, promoted Chris Scott to president. Patrick Watkins, who has been leading the agency since 2002, will continue as CEO. Scott joined Watkins Insurance Group in 2017 and most recently served as executive vice pr...

Posted: Jan 12, 2024

Australia’s Usual Summer of Wildfires Is Now Being Soaked by Prolonged Wet Weather

Australians bracing for a return of scorching heat and wildfires are instead battling a prolonged deluge of rain across the country’s east that’s inundated homes and damaged crops from sugar to wheat. Vast areas of the country’s pop...

Posted: Jan 12, 2024

Activist Group Scorecard: Insurers Adopting Policies on Oil and Gas Slowed in 2023

The number of insurers adopting policies on oil and gas has slowed, according to climate activist organization Insure Our Future’s seventh annual “Scorecard on Insurance, Fossil Fuels and the Climate Emergency” released this week. T...

Posted: Jan 12, 2024

Riskonnect Acquires Ventiv Technology in Risk Management Deal

Riskonnect, a provider integrated risk management (IRM) solutions, said Thursday is acquired Ventiv Technology, a provider of risk, insurance and underwriting technology solutions. “The acquisition adds substantial value for our customers, givi...

Posted: Jan 12, 2024

People Moves: AXIS Appoints Tan Head of Wholesale Casualty; Fiato Named Allstate Chief Claims Office...

AXIS Capital Holdings Limited named Anna Tan as head of wholesale casualty. Tan joins AXIS from Navigators, a brand of The Hartford, where she served for over 12 years, most recently as head of excess casualty. Before this, she spent …

Posted: Jan 12, 2024

Auto Insurance Costs Soar by 20% in the US

There’s no relief in sight for US car owners who’ve faced soaring costs of maintaining a vehicle in the past two years. Prices of motor-vehicle insurance rose 20.3% in December from a year earlier, the biggest jump since 1976, according &...

Posted: Jan 12, 2024

Worker Tells of Fleeing Burning Jeep on Cargo Ship Where 2 Firefighters Died

Gaven Puchinsky had been pushing vehicles onto a huge cargo ship in one of the nation’s busiest seaports when he heard a loud “clunking” noise that he believed came from the yellow Jeep Wrangler he was using to nudge the …

Posted: Jan 12, 2024