Insurance Journal
The government plan to pay billions of dollars to victims of toxic water at Camp Lejeune has unleashed a wave of fraudulent claims that threatens to disrupt or taint what could be one of the largest-ever mass tort cases. Mikal …
Posted: Oct 31, 2023
OKITIPUPA, Nigeria (AP) – It was the dead of night when the ship caught fire, Patrick Aganyebi remembers, but the flames made it seem as bright as day. The explosion that night woke him and knocked him to the floor. …
Posted: Oct 31, 2023
The U.S. Securities and Exchange Commission on Monday sued software company SolarWinds Corp. and its top information security executive, saying they defrauded investors by hiding cybersecurity weaknesses during a massive hack targeting the U.S. gover...
Posted: Oct 31, 2023
The U.S. Securities and Exchange Commission on Monday sued software company SolarWinds Corp. and its top information security executive, saying they defrauded investors by hiding cybersecurity weaknesses during a massive hack targeting the U.S. gover...
Posted: Oct 31, 2023
A group of poultry producers, including the world’s largest, have asked a federal judge to dismiss his ruling that they polluted an Oklahoma watershed. Arkansas-based Tyson Foods, Minnesota-based Cargill Inc. and the others say in a motion file...
Posted: Oct 31, 2023
Ryan Specialty announced it has signed a definitive agreement to acquire AccuRisk Holdings, LLC, a medical stop loss managing general underwriter. AccuRisk is headquartered in Chicago, Illinois and was founded in 2017. Discussing the acquisition, Pat...
Posted: Oct 31, 2023
Governments are ill-prepared for the hazards brought on by artificial intelligence and development should be paused, according to a new survey of risk specialists by insurance company AXA SA. Only 7% of almost 3,500 risk experts from 50 countries sai...
Posted: Oct 31, 2023
Financials Acquisition Corp. said Monday it would ask shareholders to back its planned merger with its newly formed insurance venture, in a test of investor appetite for new stocks. The special purpose acquisition company (SPAC) unveiled plans earlie...
Posted: Oct 31, 2023
A man from Japan wrongly accused of drunken driving can sue a Michigan police officer who grossly misread a breath test and conceded during the stop that she had “no idea” what she was doing, a federal appeals court said …
Posted: Oct 31, 2023
The U.S. Food and Drug Administration has warned consumers to not purchase or use certain eye drops from several brands, including CVS Health Corp and Cardinal Health, as they may cause eye infection and in some cases possible vision loss. …
Posted: Oct 31, 2023
More than a dozen groups are pressing the U.S. Justice Department to retreat from a new policy they say gives a “free pass” to corporate wrongdoers, a sign of mounting criticism among progressives of enforcement under President Joe Biden....
Posted: Oct 31, 2023
NFP, a property-casualty insurance broker headquartered in New York, N.Y., hired Meg McSherry to lead the property and casualty business in its Atlantic region. McSherry will support new business and client acquisition and retention and will help man...
Posted: Oct 31, 2023
A Florida lawsuit brought by private equity fund Fortinbras Enterprises and three others charges that Lighthouse Property Insurance Corp. executives concealed the extent of underwriting losses after Hurricane Ida, even as the insurer solicited millio...
Posted: Oct 31, 2023
Expert testimony is subject to a well-established standard set forth by the US Supreme Court 30 years ago in Daubert v. Merrel Dow Pharms., Inc. Under the Daubert standard, trial judges are gatekeepers of expert testimony, tasked with determining whe...
Posted: Oct 31, 2023
United Airlines UAL.O has been sued by two longtime flight attendants who say they were excluded from highly coveted assignments to work on charter flights for the Los Angeles Dodgers baseball team because of their racial background and age. In ̷...
Posted: Oct 31, 2023
The Environmental Protection Agency (EPA) has taken action against several companies including gas station operators in New Jersey, New York and the U.S. Virgin Islands to address alleged violations of federal laws regarding the maintenance and opera...
Posted: Oct 31, 2023
Boston-based national specialty insurance broker Risk Strategies announced it has acquired Fairmount Benefits Co., a Philadelphia-based specialty firm focused on employee benefit programs and technology for corporate employers. Fairmount Benefits has...
Posted: Oct 31, 2023
This post is part of a series sponsored by AgentSync. A recap of AgentSync’s VP of Sales, Ryan Ward’s workshop at this year’s Insurtech Insights Conference in New York In an age when it’s difficult to attract and retain talent...
Posted: Oct 30, 2023
Stanford University said on Friday that it is investigating a cybersecurity incident that struck its Department of Public Safety. The university said in a statement that the breach didn’t appear to “impact police response to emergencies,&...
Posted: Oct 30, 2023
Five publicly traded insurance brokers reported strong third quarter revenues, with their executives using adjectives such as “outstanding,” “terrific,” “excellent,” and “strong” to describe their compa...
Posted: Oct 30, 2023
Some of the largest insurance brokers reported strong third quarter revenues, with executives using adjectives such as “outstanding,” “excellent,” and “strong” to describe their companies’ financial performan...
Posted: Oct 30, 2023
Marsh & McLennan Companies Inc. gave notice of its intention to delist from the London Stock Exchange. Marsh & McLennan explained the action by saying that the majority of trading in the company’s securities occurs on the New York Stock...
Posted: Oct 30, 2023
General Motors’ autonomous vehicle unit, Cruise, is facing multiple federal investigations over its cars’ safety, including two incidents where the robot cars appeared not to yield to pedestrians in crosswalks, according to a U.S. regulat...
Posted: Oct 30, 2023
TOPEKA, Kan. (AP) – Kansas officials are calling a massive computer outage that’s kept most of the state’s courts offline for two weeks a “security incident” and, while they had not provided an explanation as of Wednesday, exp...
Posted: Oct 30, 2023
MINNEAPOLIS (AP) – A new lawsuit accuses the city of Minneapolis of discrimination by lax housing code enforcement, especially for rental properties in a part of the city with high populations of people of color. The lawsuit was filed last …
Posted: Oct 30, 2023