Insurance Journal
Twice within a month, an Illinois roofing contractor — cited previously more than 20 times for violating federal workplace safety regulations — was again found exposing employees to falls as they did residential framing work on houses under construct...
Posted: Jan 09, 2024
The Biden administration is reevaluating the climate criteria it uses when approving new liquefied natural gas export facilities in a move that has the potential to stall pending projects as the 2024 election nears. A panel of government officials co...
Posted: Jan 09, 2024
The U.S. Supreme Court ruled that Minnesota’s lawsuit against major actors in the fossil-fuel industry may proceed in state court. Without comment, the Court denied the petition of defendants ExxonMobil, the American Petroleum Institute, and th...
Posted: Jan 09, 2024
Oswald Companies announced it has acquired Brieden Consulting Group, an employee benefits agency based in Grosse Pointe, Michigan. The addition of Brieden strengthens Oswald’s existing Michigan presence, which is headquartered in the Detroit su...
Posted: Jan 09, 2024
RSA Insurance’s UK Specialty Lines business and Brit Ltd. have announced the launch of a new Project Cargo consortium, called “BUILD.” The consortium, one of the largest in the cargo market globally, is now open for business and off...
Posted: Jan 09, 2024
Over 100 firefighters battled a blaze last Friday at a New Jersey industrial park that was home to the Singer Sewing Machine factory for more than a century. A passerby reported the fire around 5:30 a.m., Mayor J. Christian Bollwage …
Posted: Jan 09, 2024
King Insurance Partners, an insurance brokerage based in Gainesville, Florida, announced it has acquired Partners Insurance Agency in Gainesville. It’s the latest growth spurt for King, which saw significant expansion in 2023. Sheila Williams i...
Posted: Jan 09, 2024
This edition of International People Moves details appointments at CFC, Aon and QBE Re. A summary of these new hires follows here. Trueman Joins CFC as CUO After Recent Management Shakeup CFC, the specialist managing general agent, announced that Dan...
Posted: Jan 09, 2024
Multiple tornadoes and high winds were reported across the South early Tuesday, including Panama City, Florida, where storms caused significant damage to homes and businesses and forced rescues of stranded residents. ClickOrlando.com and other news s...
Posted: Jan 09, 2024
New York state lawyers increased their request for penalties to over $370 million Friday in Donald Trump’s civil business fraud trial. He retorted, “They should pay me.” The exchange came as lawyers for both sides filed papers highl...
Posted: Jan 09, 2024
PartnerRe Ltd. announced that effective April 1, 2024, Jacques Bonneau will retire from the company and Philippe Meyenhofer will succeed him as chief executive officer and take his place on the Board of Directors. As part of the transition, Jon ̷...
Posted: Jan 09, 2024
The administration of U.S. President Joe Biden will release a final rule as soon as this week that will make it more difficult for companies to treat workers as independent contractors rather than employees that typically cost a company more, …
Posted: Jan 09, 2024
Heavy rains and flooding across Australia’s southern state of Victoria has damaged crops and stranded cattle as a months-long run of wild weather on the nation’s east coast leaves a trail of destruction. Severe storms have lashed Victoria...
Posted: Jan 09, 2024
Heavy rains and flooding across Australia’s southern state of Victoria has damaged crops and stranded cattle as a months-long run of wild weather on the nation’s east coast leaves a trail of destruction. Severe storms have lashed Victoria...
Posted: Jan 09, 2024
A new Chubb report has found that 76% of wealthy Americans and Canadians believe exposure to extreme weather due to climate change is among the biggest threats to their homes. Sixty-three percent of respondents to the property and casualty insurance...
Posted: Jan 09, 2024
Natural catastrophes in 2023 caused global economic losses of US$250 billion, with insurers and reinsurers paying US$95 billion of that amount, according to Munich Re. Last year’s insured losses of US$95 billion are close to the five-year avera...
Posted: Jan 09, 2024
After my (relatively) successful effort in looking at 2023 cyber insurance themes, like a gambler on a streak of beginner’s luck, I wanted to have another roll of the dice in offering my thoughts on cyber insurance themes to look …
Posted: Jan 09, 2024
Oil and fuel tanker traffic in the Red Sea was stable in December, even though many container ships have rerouted due to attacks by Iran-aligned Houthi militants, a Reuters analysis of vessel tracking data showed. The attacks have driven up …
Posted: Jan 09, 2024
OpenAI publicly addressed a lawsuit from the New York Times in a strongly worded blog post on Monday, saying the newspaper’s complaint was “not telling the full story” about its use of Times data. The suit, filed in December, claims...
Posted: Jan 09, 2024
The U.S. Supreme Court on Monday declined to hear a bid by major fossil fuel companies and an industry trade group to move a lawsuit filed by Minnesota accusing them of worsening climate change out of state court and into …
Posted: Jan 09, 2024
In early 2021, former executives with the Auto Club Insurance Co. of Florida, affiliated with AAA, decided to form a new property insurance company in Florida — even before state lawmakers made monumental changes that curbed claims litigation a...
Posted: Jan 09, 2024
A top federal transportation safety official on Thursday harshly criticized Washington’s regional transit agency, saying a “poor safety culture” led to an October 2021 derailment that caused hundreds of new Metro railcars to be pull...
Posted: Jan 09, 2024
More than a month after an arson fire at a storage yard damaged a key Los Angeles freeway, the state has hired security guards to watch out for smoke and other trouble at three additional sites beneath Interstate 10 that …
Posted: Jan 09, 2024
New Mexico marijuana regulators revoked the licenses of two growing operations in a rural county for numerous violations and have levied a $1 million fine against each business. One of the businesses, Native American Agricultural Development Co., is...
Posted: Jan 09, 2024
A Yale professor has filed a federal gender discrimination lawsuit against a prominent Harlem church after it did not hire her for its senior pastor job. The suit brought by Eboni Marshall Turman accuses Abyssinian Baptist Church and the search ̷...
Posted: Jan 09, 2024