Insurance Journal
COLUMBUS, Ohio (AP) – Ohioans woke up Thursday in a land of recreational marijuana limbo, in which adults can legally grow and possess cannabis at home, but cannot legally buy it. That combination of factors related to a citizen-initiated statue R...
Posted: Dec 11, 2023
Microsoft Corp. has agreed to union contract language governing its use of artificial intelligence, creating an avenue for workers to challenge how it deploys the evolving technology. As part of negotiations with the Communications Workers of America...
Posted: Dec 11, 2023
This edition of International People Moves details appointments at Allianz Global Corporate & Specialty SE (AGCS) and Lloyd’s. A summary of these new hires follows here. Papanikolaou to Succeed Mueller as CEO of AGCS, also Leading Allianz C...
Posted: Dec 11, 2023
U.S. commercial insurance prices increased 6.1% in the third quarter, maintaining an upward trend. According to the latest results from WTW’s Commercial Lines Insurance Pricing Survey (CLIPS), carriers in the third quarter reported another aggr...
Posted: Dec 11, 2023
China’s government said on Monday it has started offering insurance for natural rubber producers, to encourage higher output and increase the country’s self-sufficiency rate in producing the latex used to make tires. The scheme for produc...
Posted: Dec 11, 2023
Former President Donald Trump returned to his civil fraud trial last Thursday to spotlight his defense, renewing his complaints that the case is baseless and heaping praise on an accounting professor`s testimony that backed him up. With testimony win...
Posted: Dec 11, 2023
The family of a Los Angeles County sheriff`s deputy who killed himself has filed a $20 million wrongful-death claim against the county, blaming years of working in jails and mandatory overtime for his depression. The claim was filed Thursday by ̷...
Posted: Dec 11, 2023
Africa Specialty Risks (ASR), the pan-African focused re/insurance group, has received “in-principle” approval to launch a Lloyd’s syndicate in 2024. The syndicate will be launched in partnership with insurance group Apollo Syndicat...
Posted: Dec 11, 2023
The U.S. Consumer Product Safety Commission is warning about the danger of high-powered, pea-sized magnets found in toys, announcing one company`s recall of a set containing them and saying it was aware of seven deaths linked to their ingestion. The...
Posted: Dec 11, 2023
Baltimore-based insurance agency Maury, Donnelly & Parr, Inc. has acquired another Maryland agency, Wetzel & Lanzi, Inc. Wetzel & Lanzi is a family-owned, independent insurance agency located in Lutherville-Timonium. Since 1974, W&L h...
Posted: Dec 11, 2023
An appeals court in West Virginia on Friday reversed a $7 million award in a product liability lawsuit against the Ford Motor Co. to the family of a woman who died when her Ford Mustang was involved in a fiery …
Posted: Dec 11, 2023
One complaint accuses Macy’s Inc. of discriminating against White men. Another levels that allegation against BlackRock Inc. A third points a finger at, of all things, NASCAR – a largely White sport where Confederate flags were prevalent until...
Posted: Dec 11, 2023
New York Attorney General Letitia James today secured $400,000 from dental insurance provider Healthplex, Inc. for failing to properly protect the personal and medical information of New Yorkers. Healthplex, a Long Island-based company, had inadequat...
Posted: Dec 11, 2023
NASHVILLE, Tenn. (AP) — Severe storms that tore through central Tennessee killed six people Saturday and sent about two dozen to the hospital as homes and businesses were damaged in multiple cities. Three people, including a child, were killed...
Posted: Dec 11, 2023
In a case of politics making strange bedfellows, the National Rifle Association will be represented by frequent nemesis the American Civil Liberties Union in an appeal before the U.S. Supreme Court. The New York-based civil liberties group confirmed...
Posted: Dec 11, 2023
Some South Korean financial institutions may be at risk if bets on overseas property sour, the regulator warned, emphasizing that the likelihood of systemic stress is low. “For companies with large overseas real estate exposures, prudential con...
Posted: Dec 11, 2023
Europe on Friday reached a provisional deal on landmark European Union rules governing the use of artificial intelligence including governments’ use of AI in biometric surveillance and how to regulate AI systems such as ChatGPT. With the politi...
Posted: Dec 11, 2023
Miller, the London-based independent specialist re/insurance broker, announced that GIC, a global institutional investor, and Cinven, the international private equity firm, have reached an agreement for GIC to acquire Cinven’s shares in Miller....
Posted: Dec 11, 2023
Australia’s far north coast is bracing for a cyclone that’s expected to bring damaging winds, heavy rainfall and potential flooding to an important tourism region. Tropical Cyclone Jasper, currently a category 1 storm, is forecast to inte...
Posted: Dec 11, 2023
The HTX exchange, a digital-asset trading platform linked to China-born industry mogul Justin Sun, has suffered a $258 million net outflow since resuming operations after suffering a major hack. The funds left the exchange between its Nov. 25 restart...
Posted: Dec 11, 2023
Starbucks Corp. said it reached out to the union representing hundreds of its stores to try to end an impasse over contract talks, a conflict that has frayed the coffee giant’s relationship with some of its frontline employees. The chain …...
Posted: Dec 11, 2023
Amazon.com asked a federal court on Friday to dismiss a U.S. government antitrust lawsuit which accuses the company of using illegal strategies to boost profits at its online retail empire, including an algorithm that allegedly pushed up prices by mo...
Posted: Dec 11, 2023
In a case of politics making strange bedfellows, the National Rifle Association will be represented by frequent nemesis the American Civil Liberties Union in an appeal before the U.S. Supreme Court. The New York-based civil liberties group confirmed...
Posted: Dec 11, 2023
ST. PETERSBURG, Fla. (AP) — In Florida, this year has been a tale of two states as far as rainfall totals, with the southeast coast deluged by sometimes-record rainfall and much of the Gulf of Mexico coast facing a drought. …
Posted: Dec 11, 2023
ST. PETERSBURG, Fla. (AP) — In Florida, this year has been a tale of two states as far as rainfall totals, with the southeast coast deluged by sometimes-record rainfall and much of the Gulf of Mexico coast facing a drought. …
Posted: Dec 11, 2023