Insurance Journal
A former professor at Harvard Medical School and founder of one of the nation’s largest fertility clinics is being accused of secretly impregnating a patient in 1980 after promising the sperm would come from an anonymous donor, according to a &...
Posted: Dec 15, 2023
A man who was recently cleared in the gruesome, fiery 1995 killing of a subway token booth clerk sued New York City and two detectives on Monday, saying that “a wanton and reckless” law enforcement culture subjected him to decades …
Posted: Dec 15, 2023
Woodruff Sawyer named Luke Parsons the firm’s national private equity and venture capital practice group leader. Parsons was previously senior vice president of Woodruff Sawyer’s private equity and due diligence teams. He was named partne...
Posted: Dec 15, 2023
It was a rough year for many Massachusetts farmers who experienced a deep February freeze, a late May frost event, and catastrophic flooding in July. To help them recover from the damage, the Healey-Driscoll Administration announced that the state...
Posted: Dec 15, 2023
It was a rough year for many Massachusetts farmers who experienced a deep February freeze, a late May frost event, and catastrophic flooding in July. To help them recover from the damage, the Healey-Driscoll Administration announced that the state...
Posted: Dec 15, 2023
This post is part of a series sponsored by CoreLogic. It’s that time of year again. In the thick of the holiday season, we are at a crossroads between tying up loose ends to wrap up 2023 and preparing for …
Posted: Dec 14, 2023
Initial data on fiscal year 2022/23 public self-insured claims experience in the California workers’ compensation system show that public self-insured’s total claim volume, spurred by a sharp drop in indemnity claims, fell 16.8% in the 12...
Posted: Dec 14, 2023
The Oklahoma Insurance Department announced the adoption of the Surplus Lines Automation Suite (SLAS) for the reporting and payment of all Oklahoma surplus lines premium taxes beginning January 1, 2024. For all Oklahoma policies effective January 1,...
Posted: Dec 14, 2023
Swift Joins XPT Specialty Brokerage Team XPT Specialty, headquartered in New York, N.Y., hired Ben Swift as an underwriter/broker specializing in commercial binding accounts for Midwest retailers. Before joining XPT, Swift served as a senior commerci...
Posted: Dec 14, 2023
U.S. officials say that Russian hackers are targeting servers hosting outdated versions of software made by the Czech tech company JetBrains for potential SolarWinds-style espionage operations. In a statement released on Wednesday, the U.S. National...
Posted: Dec 14, 2023
A U.S. auto safety regulator said on Thursday it is opening an investigation into 447,000 Volkswagen Golf and Audi A3 and cars over fuel leak reports and whether a 2016 recall adequately addressed the issue. The National Highway Traffic Safety …...
Posted: Dec 14, 2023
Former Buffalo Bills punter Matt Araiza is being dropped from a lawsuit filed by a woman who alleged she was raped by San Diego State University football players in 2021, it was announced. The woman agreed to dismiss Araiza from …
Posted: Dec 14, 2023
A federal appeals court panel has rejected former President Donald Trump’s attempt to shield himself from a defamation suit by claiming presidential immunity. The three-judge Second Circuit Court of Appeals panel agreed with a federal district...
Posted: Dec 14, 2023
While everyone may be talking about potential risks associated with generative artificial intelligence, a new directors & officers report from Allianz highlights a range of current concerns associated with environmental, social, and governance is...
Posted: Dec 14, 2023
SiriusPoint Ltd., the Bermuda-based specialty insurer and reinsurer, announced that the parent company of a key shareholder has been taken into private receivership by its lenders in Singapore. CMIG International Holding Pte Ltd (CMIH) is the parent...
Posted: Dec 14, 2023
Jose Castillo didn’t ask his insurance company to defend him from a lawsuit that alleged his shoddy construction caused millions of dollars in water damage to a townhouse project, so his insurer didn’t provide a defense. That turned out t...
Posted: Dec 14, 2023
Markel, the insurance operation within Markel Group Inc., has launched a Specialty practice within its International Wholesale division, which will be spearheaded by Tom Hillier as divisional managing director. The Specialty unit will be supported by...
Posted: Dec 14, 2023
Residents of Garner, North Carolina, have spent the week cleaning up after an F1 tornado damaged more than 20 homes and left four of them uninhabitable. The Raleigh News & Observer reported that warmer winters already have resulted more storms &#...
Posted: Dec 14, 2023
Howden, the London-based insurance group, announced an agreement to acquire Denmark’s fourth largest insurance intermediary NORTH Risk, thereby establishing a retail presence in the Danish market and strengthening its geographical presence in t...
Posted: Dec 14, 2023
Tim Coen, a property investor, loved his Range Rover Sport but decided it was time to go green. He wanted to trade in the gas-guzzling sport utility vehicle for an electric Porsche. There was a snag, however. A string of …
Posted: Dec 14, 2023
AXIS Capital Holdings Ltd. announced it has received in-principle approval from Lloyd’s to launch a syndicate that will focus on providing capacity for new energy projects with a critical role in supporting the transition to net zero. Through E...
Posted: Dec 14, 2023
CHICAGO (AP) – The operator of a Chicago commuter train that collided with snow- removal equipment last month was not at fault for the crash, which could have been prevented by a more sophisticated signal system, the National Transportation Safety &#...
Posted: Dec 14, 2023
The Texas Windstorm Insurance Association held its final quarterly meeting on Dec. 12 in Corpus Christi, where the board of directors voted to approve the association’s budget for 2024. The board also voted to keep agent commissions unchanged a...
Posted: Dec 14, 2023
Armed guards on a fuel tanker exchanged gunfire with a small boat in the Red Sea, another sign of escalating risks in one of the world’s most crucial waterways. The frequency of attacks in the maritime corridor handling about 12% …
Posted: Dec 14, 2023
Amanda Blanc, the CEO of insurer Aviva, told British lawmakers on Wednesday that physical and verbal harassment of women in financial services eclipsed other industries and that she had heard “absolutely appalling” stories. Blanc, giving...
Posted: Dec 14, 2023