Insurance Journal
Alera Group announced the acquisition of Rick Young Insurance, an insurance agency offering employee benefits services including health insurance, life insurance, Medicare and Medicaid redetermination. Rochester Hills, Michigan-based Rick Young Insur...
Posted: Oct 30, 2023
President Joe Biden is directing the US government to take a sweeping approach to artificial intelligence regulation, his most significant action yet to rein in an emerging technology that has sparked both concern and acclaim. The lengthy executive o...
Posted: Oct 30, 2023
CNA Financial reversed a third quarter loss of $42 million in 2022 with net income of $258 million this year on higher investment income, positive underwriting income and lower catastrophe losses. The Chicago-based insurer said the combined ratio in...
Posted: Oct 30, 2023
Electric utility Duke Energy plans to build a project to create clean energy using an end-to-end system to produce, store and combust 100% green hydrogen, in Florida. The new system, a collaboration between Duke, construction management and consultin...
Posted: Oct 30, 2023
The Tennessee Department of Commerce and Insurance will host a webinar Thursday, Nov. 2 to cover key changes in the state’s insurance license exam program. The Department said it has teamed up with Pearson VUE, a test administration firm, to &#...
Posted: Oct 30, 2023
An Idaho woman is suing her one-time fertility doctor, saying he secretly used his own sperm to inseminate her 34 years ago, the latest in a string of such cases brought as at-home DNA sampling enables people to learn more …
Posted: Oct 30, 2023
A magnitude 3.7 earthquake with its center at San Francisco`s international airport rattled the Bay Area Friday evening but there were no reports of damage. The U.S. Geological Survey reported the minor quake struck about 7 miles beneath the San R...
Posted: Oct 30, 2023
NEW ORLEANS (AP) – The heating element removed from Monique Plaisance`s water heater in September was disintegrating, streaked with rust and covered in a dry crust. She blamed the corrosion on the water piped in from the area`s longtime drinking R...
Posted: Oct 30, 2023
Insurtech Hippo Holdings said it has “initiated an organizational realignment” by laying off about 120 employees, or 20% of its workforce. The company said in a filing with the U.S. Securities and Exchange Commission on Oct. 26 that it ex...
Posted: Oct 30, 2023
Insurers and the Texas Department of Insurance hope to persuade the state Supreme Court to block a constitutional challenge to a law that prohibits roofing contractors from acting as public adjusters on their customers’ damage claims. The high...
Posted: Oct 30, 2023
Panama has been removed from the gray list of financial crime watchdog FATF, a register which includes countries deemed to be doing too little to combat money laundering, according to a government statement on Friday. The Central American countryR...
Posted: Oct 30, 2023
Hurricane Otis is expected to be one of the costliest natural catastrophe events in Mexico’s history with initial economic losses expected to top US$10 billion, according to Gallagher Re. Further, insured losses are expected to run into the bil...
Posted: Oct 30, 2023
Shenzhen Shouhui Technology Group Ltd., a Chinese online insurance platform, is considering an initial public offering in Hong Kong as soon as next year, according to people familiar with the matter. China International Capital Corp. and Huatai Secur...
Posted: Oct 30, 2023
Boeing Co said on Oct. 27 that it was assessing a claim made by the Lockbit cybercrime gang that it had “a tremendous amount” of sensitive data stolen from the aerospace giant that it would dump online if Boeing didn’t …
Posted: Oct 30, 2023
A U.S. labor board on Oct. 26 issued a final rule making it easier for workers and unions to hold companies liable for labor law violations by their franchisees and contractors, reviving an Obama-era standard heavily criticized by trade groups. ̷...
Posted: Oct 30, 2023
A Philadelphia jury on Friday found Bayer AG liable in a case brought by a retired restaurant owner who claimed his cancer was due to exposure to the company’s Roundup weed killer, and ordered Bayer to pay him $175 million …
Posted: Oct 30, 2023
South Carolina in 2022 saw a record number of complaints about insurance fraud, and has almost matched the number through the first 10 months of this year. And some state lawmakers are now looking into the reasons for the increase. …
Posted: Oct 30, 2023
Universal Insurance Holdings, after discontinuing more than 160,000 policies over the last two years, now sounds like it’s ready to start growing again in its home state of Florida. “As we move forward, we’re more confident in the F...
Posted: Oct 30, 2023
Oregon OSHA cited Forest Grove contractor J&K Roofing Co. $39,000 for repeatedly violating a requirement to provide protection to safeguard workers from fall hazards that could injure or kill them. The citation resulted from an inspection launche...
Posted: Oct 30, 2023
A decade after they were first envisioned in the aftermath of Superstorm Sandy ‘s destruction, two of the largest flood control projects designed to protect the densely populated cities of New Jersey that lie just outside New York City finally...
Posted: Oct 30, 2023
Lawyers sparred in a Virginia courtroom Friday over whether a teacher who was shot by her 6-year-old student should get only workers` compensation for her serious injuries. Abby Zwerner is suing Newport News Public Schools for $40 million, alleging g...
Posted: Oct 30, 2023
A Springfield, Massachusetts man pleaded guilty in federal court in Boston last week to his role in a regional organized theft crew that stole catalytic converters from over 490 vehicles. According to Acting U.S. Attorney Joshua S. Levy, Santo Felibe...
Posted: Oct 30, 2023
The U.S. Environmental Protection Agency last week proposed banning the cancer-causing chemical trichloroethylene, which can be found in consumer products including automobile brake cleaners, furniture care and arts and crafts spray coating. The move...
Posted: Oct 30, 2023
This post is part of a series sponsored by IAT Insurance Group. Property insurance offers protection for a building once it’s operational. A builder’s risk policy insures against physical loss or damage to a building during construction....
Posted: Oct 29, 2023
NFP, a New York City-based property/casualty broker, announced it has acquired Resolute Insurance Services, an independent insurance broker based in the West Midlands. Financial details of the deal were not disclosed. NFP said the acquisition expands...
Posted: Oct 27, 2023