Insurance Journal
Louisiana State Police have opened a criminal investigation into efforts by McClenny Moseley & Associates and Apex Roofing to solicit customers after receiving a complaint by the state Insurance Department about “suspected fraudulent action...
Posted: Nov 13, 2023
DP World Plc is struggling to work through a backlog of 30,000 shipping containers piled up at ports across Australia as the company resumes operations after a cyberattack. Friday’s hack on DP World, one of the world’s largest port operat...
Posted: Nov 13, 2023
Swedish truck maker Scania must share car data, such as vehicle identification numbers, with repair shops and parts distributors, Europe’s top court said on Thursday in a ruling that could provide a boost for the latter looking to tap a …
Posted: Nov 13, 2023
Russian flagship carrier Aeroflot said on Thursday it had clinched a settlement with leasing company BOC Aviation under which nine aircraft are to be handed over to Russian state insurance company NSK. A statement issued by Aeroflot said NSK would &#...
Posted: Nov 13, 2023
Freight costs for ships in Ukraine’s alternative export corridor have eased back to their former levels, a government source said on Friday, after brokers said earlier they had risen following an attack on a cargo vessel in the Black Sea …...
Posted: Nov 13, 2023
The Bank of England said on Friday it would start the second leg to its first system-wide stress test of how banks, insurers, pension schemes and clearing houses collectively cope with shocks involving interest rates and risky asset prices over ̷...
Posted: Nov 13, 2023
HOUSTON (AP) – A crash at a red light killed six people including former NFL cornerback D.J. Hayden in downtown Houston early Saturday. The two-vehicle crash occurred about 2 a.m. when a Chrysler 300, apparently “going very fast, high velocity,...
Posted: Nov 13, 2023
Cyber catastrophe bonds may be about to move out of the shadows of private deal-making and into the public debt markets. So-called cat bonds, which farm out hard-to-insure risks to capital market investors in exchange for double-digit returns, have t...
Posted: Nov 13, 2023
The notorious hacking gang Lockbit has posted what it described as documents belonging to Boeing Co. on its website, two weeks after claiming credit for a cyberattack against the aircraft manufacturer. LockBit recently posted the documents on the dar...
Posted: Nov 13, 2023
A hacking group linked to Russia claimed responsibility for attacks that periodically forced OpenAI’s ChatGPT offline last week, saying it targeted the company due to its support of Israel. The group, which calls itself Anonymous Sudan, said in...
Posted: Nov 13, 2023
Several major U.S. business groups sued a federal labor board on Nov. 9, seeking to strike down a rule treating many companies as employers of contract and franchise workers and requiring them to bargain with their unions. The groups led …
Posted: Nov 13, 2023
Liability insurers that write in West Virginia and beyond received some unsettling and expensive news from the state Supreme Court last week: Without iron-clad policy language barring coverage, long-tail illness claims must be covered and a carrier h...
Posted: Nov 13, 2023
Liability insurers that write in West Virginia and beyond received some unsettling and expensive news from the state Supreme Court last week: Without iron-clad policy language barring coverage, long-tail illness claims must be covered and a carrier h...
Posted: Nov 13, 2023
A lawyer for the Roman Catholic Diocese of Portland told supreme court justices Thursday that Maine’s elimination of time limits on child sex abuse lawsuits is unconstitutional and imposes new liabilities, a reference to costly lawsuits that ha...
Posted: Nov 13, 2023
A Snohomish, Washington roofing company fades more than $400,000 in fines for reportedly disregarding safety rules it has violated 60 times over the past four years. The Washington State Department of Labor & Industries opened an inspection of Al...
Posted: Nov 13, 2023
The 13 largest U.S. tire manufacturers are facing a lawsuit from a pair of California commercial fishing organizations that could force the companies to stop using a chemical added to almost every tire because it kills migrating salmon. Also found &#...
Posted: Nov 13, 2023
A jury said Robert De Niro’s company should pay more than $1.2 million to his former personal assistant after finding his production company engaged in gender discrimination and retaliation. While the jury found De Niro was not personally liabl...
Posted: Nov 13, 2023
Verisk, a global data analytics and technology provider, announced that Citizens Property Insurance Corp., the residual, not-for-profit insurer in Florida, will adopt Verisk’s aerial imagery analytics solution. The move is designed to help prov...
Posted: Nov 10, 2023
Liberty Mutual Holding Co. on Thursday reported third quarter net income of $219 million, reversing a loss of $353 million a year ago during the same time. “Solid underwriting results in our Global Risk Solutions business and the tailwind from...
Posted: Nov 09, 2023
National specialty broker Risk Strategies has added a Long Island commercial lines agency to its roster. Boston-based Risk Strategies announced its acquisition of Prince Associates, Inc., a multi-line retail independent insurance agency founded in 19...
Posted: Nov 09, 2023
A Russian missile strike on a commercial ship at a major Ukrainian Black Sea port is adding to risks for commodity exports just as farmers in the war-battered nation are in the midst of this year’s harvest. A 750-feet iron …
Posted: Nov 09, 2023
Syracuse University must face a claim by a female student who alleges her coaches retaliated against her after she filed a sexual assault complaint against a male athlete. A federal district court in September 2022 dismissed Jane Doe’s delibera...
Posted: Nov 09, 2023
Tampa-based HCI Group, the holding company for Homeowners Choice and TypTap property insurance companies, reported a $15.7 million net income in the third quarter, a strong improvement over Q3 last year, when the group saw a $52 million net loss. ...
Posted: Nov 09, 2023
Cruise is recalling 950 driverless cars from the roads across the United States following a crash involving one of its robotaxis and will likely issue more recalls, General Motors’ self-driving unit said. The cars are being recalled because the...
Posted: Nov 09, 2023
CHARLESTON, W.Va. (AP) — A lawsuit filed by inmates who described conditions at a southern West Virginia jail as inhumane has been settled, a federal judge said Tuesday, a week after a magistrate judge said some records in the suit …
Posted: Nov 09, 2023