Insurance Journal
NASHVILLE, Tenn. (AP) — The state of Tennessee has agreed to pay $150,000 to settle a federal lawsuit by its former vaccine leader over her firing during the COVID-19 pandemic. The current and former health commissioners, and the state`s chief...
Posted: Nov 03, 2023
Federal safety regulators have brought the hammer down on a Louisiana contractor, deciding that the company failed to use correct safety equipment that would have prevented a fatal fall at an electric car plant construction site in Georgia. “Th...
Posted: Nov 03, 2023
While Lemonade is still burning cash and reported a net loss on the bottom line of its third-quarter income statement, the insurtech expects both situations to reverse by year-end 2026. The cash situation, in fact, will turn around by year-end …...
Posted: Nov 03, 2023
Sovereign Nations Insurance, LLC signed a settlement agreement with Washington Insurance Commissioner Mike Kreidler and has agreed to cease its operations in the state. Kreidler ordered Sovereign Nations to stop selling unauthorized insurance product...
Posted: Nov 03, 2023
Sovereign Nations Insurance, LLC signed a settlement agreement with Washington Insurance Commissioner Mike Kreidler to cease its operations in the state. Kreidler ordered Sovereign Nations to stop selling unauthorized insurance products in Washington...
Posted: Nov 03, 2023
Connecticut-based independent insurance broker Evertree Insurance Services, LLC said it finalized its acquisition of Virginia Beach-based Prosper Insurance on November 1, bolstering its presence in the Mid-Atlantic region. Prosper has more than 100 e...
Posted: Nov 03, 2023
RALEIGH, N.C. (AP) — A panel of judges on Wednesday blocked changes for now that were made by North Carolina`s Republican-controlled legislature to three state boards, attempts opponents criticized as a partisan bid to end Democratic Gov. Roy C...
Posted: Nov 03, 2023
Randy Willoughby’s lawyers turned a $10,000 uninsured motorist policy into a $4 million bad-faith settlement with his auto insurer. Then they won a $30 million jury verdict against the co-owner of the truck that crashed into him. Now, Willoughb...
Posted: Nov 03, 2023
Randy Willoughby’s lawyers turned a $10,000 uninsured motorist policy into a $4 million bad-faith settlement with his auto insurer. Then they won a $30 million jury verdict against the co-owner of the truck that crashed into him. Now, Willoughb...
Posted: Nov 03, 2023
State authorities have announced charges against a company over a natural gas explosion that leveled a house and injured a western Pennsylvania family five years ago. Attorney General Michelle Henry said Wednesday that the criminal complaint alleges...
Posted: Nov 03, 2023
HDI Global SE has received regulatory approval to open a branch in Lisbon, Portugal. HDI Global has been operating in the Portuguese market for more than two decades under the European Union’s freedom of services. The new branch office in ̷...
Posted: Nov 03, 2023
The Travelers Companies today said it has agreed to buy cyber managing general underwriter Corvus Insurance Holdings, Inc. for about $435 million for its middle-market excess and surplus lines presence. “This transaction accelerates our access...
Posted: Nov 03, 2023
FTX founder Sam Bankman-Fried was found guilty Oct. 2 of stealing from customers of his now-bankrupt cryptocurrency exchange in one of the biggest financial frauds on record, a verdict that cemented the 31-year-old former billionaire’s fall fro...
Posted: Nov 03, 2023
This edition of International People Moves details appointments at Aspen Insurance Holdings and CNA Hardy. A summary of these new hires follows here. Aspen Taps SiriusPoint’s Mardon as Global Head of Property Catastrophe Aspen Insurance Holding...
Posted: Nov 03, 2023
Jensten, the London-based independent insurance broking group, has now completed the acquisition of East Anglia, England-based One Broker Group, following approval from the UK regulator. Its largest acquisition to date, the deal provides Jensten with...
Posted: Nov 03, 2023
Insurance companies in Switzerland are set to repay billions in mostly discounted old-style bonds over the next decade as changes to the country’s capital rules take effect next year. There are nearly $20 billion of subordinated notes that Swis...
Posted: Nov 03, 2023
Insurance companies in Switzerland are set to repay billions in mostly discounted old-style bonds over the next decade as changes to the country’s capital rules take effect next year. There are nearly $20 billion of subordinated notes that Swis...
Posted: Nov 03, 2023
Howden Scotland, formerly known as Bruce Stevenson, announced the acquisition of Neilson Laurence & Neil, the Glasgow-based UK specialist commercial insurance broker. Financial details of the deal were not disclosed. Through the acquisition, Neil...
Posted: Nov 03, 2023
Air pollution, a global scourge that kills millions of people a year, is shielding us from the full force of the sun. Getting rid of it will accelerate climate change. That’s the unpalatable conclusion reached by scientists poring over the R...
Posted: Nov 03, 2023
The Department of Treasury’s Federal Insurance Office finalized its proposed Climate-Related Financial Risk Data Collection. The FIO in June released a report analyzing climate-related issues and gaps in U.S. insurance supervision and regulatio...
Posted: Nov 03, 2023
Amazon.com used a series of illegal strategies to boost profits at its online retail empire, including an algorithm that pushed up prices U.S. households paid by more than $1 billion, the U.S. Federal Trade Commission detailed in a new court …
Posted: Nov 03, 2023
Tesla on Oct. 31 won the first U.S. trial over allegations that its Autopilot driver assistant feature led to a death, a major victory for the automaker as it faces several other lawsuits and federal investigations related to the same …
Posted: Nov 03, 2023
Uber Technologies has reached a settlement with the New York State Department of Labor to help ensure that eligible drivers and couriers can obtain unemployment benefits, New York Governor Kathy Hochul said on Thursday. The ride-sharing company agree...
Posted: Nov 03, 2023
An effort supporters say will boost transparency in several leading Pennsylvania universities passed the House of Representatives on Monday, while the universities’ annual state subsidies remain snarled in the Legislature in a partisan funding...
Posted: Nov 03, 2023
Montana’s state psychiatric hospital has been so poorly run for decades that patients are unsafe and not treated with dignity and respect, which combined with a pattern of understaffing, lack of training and neglect has hastened the deaths of t...
Posted: Nov 03, 2023