Insurance Journal
Wegman’s Food Markets was wrongly denied an opportunity to cross-examine an injured employee’s doctor, the New York Court of Appeals has ruled, overturning rulings by a workers’ compensation law judge, the New York State WorkersR...
Posted: Dec 22, 2023
The Louisiana Department of Insurance (LDI) announced that several fire districts have received improved fire ratings between July and December 2023, which may lead to reduced fire insurance premiums for property owners in the associated area. Accord...
Posted: Dec 21, 2023
This edition of International People Moves details appointments at QBE Re, Intact Financial Corp., and Hamilton Re. A summary of these new hires follows here. QBE Re Appoints Guarnori and Ahluwalia to Senior Roles QBE Re has appointed Andrew Guarnori...
Posted: Dec 21, 2023
Leif Assurance Names Davis Creative Marketing Director Leif Assurance, headquartered in St. Louis, Mo., named Lauren Davis creative marketing director. Davis has worked as creative marketing director at Leif Assurance’s sister companies, Powers...
Posted: Dec 21, 2023
INDIANAPOLIS (AP) – An Indianapolis-based health network has agreed to pay the government $345 million to resolve charges it defrauded Medicare by overpaying doctors who referred patients to its facilities, prosecutors said Tuesday. The agreement set...
Posted: Dec 21, 2023
HDI Global Insurance Company (HDI) has acquired Indiana Lumbermens Insurance Company (ILIC), a subsidiary of Pennsylvania Lumbermens Mutual Insurance Company (PLM). HDI has purchased one hundred percent (100%) of the shares of ILIC from PLM. The tran...
Posted: Dec 21, 2023
Honda Motor‘s American unit is recalling 2.54 million vehicles in the United States over risks of fuel pump failure, the first recall for the issue by the Japanese automaker. Honda previously recalled 628,000 U.S. vehicles in 2021 and 136,000 i...
Posted: Dec 21, 2023
(Reuters) – Novo Nordisk has sued one compounding pharmacy and refiled a lawsuit against another after finding their products claiming to contain the active ingredient for its in-demand weight-loss drug Wegovy were impure, some by as much as 33...
Posted: Dec 21, 2023
(Bloomberg) — Citgo Petroleum Corp. was awarded an insurance payment of more than $54 million for almost 1 million barrels of crude seized by the Venezuelan government. A jury in federal court in Manhattan decided late Monday that insurers must...
Posted: Dec 21, 2023
Rite Aid Corp. must stop using facial recognition for the next five years as part of a privacy settlement with the US Federal Trade Commission, which said the pharmacy chain misused the technology to mistakenly tag consumers as shoplifters. In …...
Posted: Dec 21, 2023
NASHVILLE, Tenn. (AP) –Tennessee prisons are severely understaffed, with a vacancy rate at one prison of 61%, leading to unsafe conditions for both inmates and guards, a state audit of the prison system found. The audit by the state comptroller...
Posted: Dec 21, 2023
NormanMax Insurance Holdings, the Ft. Lauderdale, Fla.-based parametric re/insurance group, has received “in principle” approval from Lloyd’s to launch a syndicate, which will be managed by Apollo Syndicate Management Ltd. NormanMax...
Posted: Dec 21, 2023
NormanMax Insurance Holdings, the Ft. Lauderdale, Fla.-based parametric re/insurance group, has received “in principle” approval from Lloyd’s to launch a syndicate, which will be managed by Apollo Syndicate Management Ltd. NormanMax...
Posted: Dec 21, 2023
Tesla faces an inquiry by Norway’s traffic safety regulator into suspension failures in the company’s electric cars that could result in a recall, the agency told Reuters. Norwegian Public Roads Administration (NPRA) senior engineer Tor-O...
Posted: Dec 21, 2023
A dozen people were still missing on Thursday after a 6.2-magnitude earthquake struck northwestern Gansu province late Monday, and netizens questioned the speed at which rescue operations had ended. Chinese media reported that search-and-rescue work...
Posted: Dec 21, 2023
Global shippers of crude and fuels are grappling with a spike in booking costs for some tankers taking lengthy diversions to avoid disruptions at the Suez and Panama canals. Chartering costs for a so-called Suezmax, the largest class of oil …
Posted: Dec 21, 2023
Yemen’s Houthi rebels vowed to continue targeting ships in the Red Sea despite a US move to compile an international naval task force to protect maritime trade in one of the world’s most important waterways. The Iran-backed group also war...
Posted: Dec 21, 2023
A volcanic eruption on Iceland’s Reykjanes Peninsula sent lava flowing through a 4-kilometer (2.5-mile) crack in the Earth’s crust. The eruption began in earnest on Monday and occurred near the evacuated fishing town of Grindavík, with la...
Posted: Dec 21, 2023
A group of 11 nonfiction authors have joined a lawsuit in Manhattan federal court that accuses OpenAI and Microsoft of misusing books the authors have written to train the models behind OpenAI’s popular chatbot ChatGPT and other artificial-inte...
Posted: Dec 21, 2023
Private equity firm Apollo-owned Aspen Insurance on Wednesday filed its paperwork for an initial public offering in the United States, according to a regulatory filing. The company did not disclose details about the size of the offering, but is repor...
Posted: Dec 21, 2023
Ardith Lindsey’s lawsuit accusing Citigroup Inc. of tolerating years of sexual harassment and assault against her struck a chord across Wall Street for many reasons, not least of which was her title: managing director. It’s typically the...
Posted: Dec 21, 2023
Toyota Motor said on Wednesday it will recall 1.12 million vehicles worldwide because a short circuit in a sensor could cause air bags not to deploy as designed. The recall covers 2020 through 2022 model year vehicles including various Avalon, …...
Posted: Dec 21, 2023
Toyota Motor said on Wednesday it will recall 1.12 million vehicles worldwide because a short circuit in a sensor could cause air bags not to deploy as designed. The recall covers 2020 through 2022 model year vehicles including various Avalon, …...
Posted: Dec 21, 2023
The company holiday party holds inherent potential for drama and danger. Holiday parties have bounced back big-time post-pandemic. The 2023 Challenger Holiday Party Survey from Challenger, Gray and Christmas, Inc. found that 64.4% of companies will h...
Posted: Dec 21, 2023
Tax collectors in more than 30 Florida counties have joined a lawsuit against a home-hardening and energy efficiency program, arguing that it misleads homeowners and saddles them with huge property tax bills. The Florida PACE Funding Agency has pushe...
Posted: Dec 21, 2023