Insurance Journal
Sam Bankman-Fried, testifying in his own defense at his fraud trial on Friday, acknowledged that a “lot of people got hurt” when the FTX cryptocurrency exchange he founded collapsed, but said he did not defraud anyone or take customer fun...
Posted: Oct 27, 2023
SiriusPoint Ltd., the specialty insurer and reinsurer, and managing general agent Banyan Risk Ltd. announced an extension of their capacity partnership. The deal extends for three years the Bermuda-based companies’ existing commercial relations...
Posted: Oct 27, 2023
The Hartford reported a 93% increase in third quarter net income to $645 million driven by results in its commercial lines segment. The Hartford, Connecticut-based insurer said third quarter net income in commercial lines grew more than 80% to $519 &...
Posted: Oct 27, 2023
The toll from a series of crashes on a Louisiana interstate rose to eight dead and 63 injured, a day after a “super fog” of marsh fire smoke and dense fog snared more than 160 vehicles in the fiery pileup, …
Posted: Oct 27, 2023
Federal prosecutors said this week that the captain of a scuba dive boat should be held responsible for the deaths of 34 people killed in a fire aboard the vessel in 2019, while the captain`s defense attorneys said the boat’s …
Posted: Oct 27, 2023
The Florida Surplus Lines Association installed new officers and directors at its recent annual convention, including new President Dave DeMott, of Gridiron Insurance Underwriters. Other FSLA 2023-2024 board members include: President-elect: Virginia...
Posted: Oct 27, 2023
Boston-based global insurer Liberty Mutual has confirmed that it is laying off about 850 workers, or 2% of its workforce, in the U.S. The terminations will be felt in several departments this month and many will become effective by the …
Posted: Oct 27, 2023
Boston-based global insurer Liberty Mutual has confirmed that it is laying off about 850 workers, or 2% of its workforce, in the U.S. The terminations will be felt in several departments this month and many will become effective by the …
Posted: Oct 27, 2023
TWFG Insurance, also known as The Woodlands Financial Group, has continued its growth trajectory with the acquisition of Jeff Kincaid Insurance Agency, which has five offices in North Carolina. Kincaid, a former Nationwide Mutual Insurance agent, bri...
Posted: Oct 27, 2023
Kingsbury Companies LLC has paid a worker $40,000 in punitive damages and $3,901 in back pay after the company terminated the employee in retaliation for speaking with the employer and other employees about whether they were receiving the correct pay...
Posted: Oct 27, 2023
]A second Baltimore firefighter has died from injuries sustained while battling a rapidly intensifying blaze that engulfed multiple rowhouses in northwest Baltimore last week, a city official said. Lt. Dillon Rinaldo was hospitalized in critical but...
Posted: Oct 27, 2023
The New Hampshire Insurance Department announced the promotion of Keith Nyhan as the deputy commissioner. Nyhan has served as director of the Consumer Services unit since 2007. Nyhan brings 28 years of experience in the financial services and insuran...
Posted: Oct 27, 2023
Britain on Thursday cautioned the public about buying fake weight-loss pens claiming to contain Novo Nordisk’s diabetes drug Ozempic or weight-loss drug Saxenda after reports of a “very small number” of hospitalizations. The warning...
Posted: Oct 27, 2023
The three incidents that resulted in damage to a gas pipeline and two telecom cables between Estonia, Finland and Sweden “are related,” Estonian Prime Minister Kaja Kallas said. Finnish police leading the pipeline investigation have named...
Posted: Oct 27, 2023
The Liberty Company Insurance Brokers announced its National Private Client Practice Group, spearheaded by Liberty Partner Steve Rivera. With over two decades of experience in insurance, Rivera, a former executive at Momentous Insurance Brokerage, In...
Posted: Oct 27, 2023
Britain’s financial watchdog said on Wednesday that firms marketing cryptoassets are failing to highlight risks properly to consumers, such as by publishing warnings that are too hard to read. Britain’s Financial Conduct Authority had new...
Posted: Oct 27, 2023
Chongho Bridge Credit Agricultural Group Co., a Chinese rural bank that offers microcredit and micro-insurance to small businesses, is considering a Hong Kong initial public offering that could raise as much as $500 million, according to people famil...
Posted: Oct 27, 2023
Chongho Bridge Credit Agricultural Group Co., a Chinese rural bank that offers microcredit and micro-insurance to small businesses, is considering a Hong Kong initial public offering that could raise as much as $500 million, according to people famil...
Posted: Oct 27, 2023
The Insurance Industry Charitable Foundation (IICF), a nonprofit organization dedicated to helping communities and enriching lives, hosted the annual IICF Week of Giving, a celebration of the insurance industry’s year-round dedication to volunt...
Posted: Oct 27, 2023
An auto parts shortage combined with longer cycle times for repairs has contributed to repairs taking an average of about 23 days in 2023, up an average of a little more than 6 days from 2022 and more than double …
Posted: Oct 27, 2023
A federal appeals court this week upheld a $12 million jury award against a gravel and waste-hauling company in a horrific highway accident that killed four Spanish women who were on vacation in the Florida Keys in 2018. But it’s …
Posted: Oct 27, 2023
CRC Group named Angela Alaniz as chief digital officer of its commercial solutions division. Alaniz is based in San Francisco, Calif. Alaniz has been with CRC Group since 2010 and most recently served as senior vice president of digital solutions. &#...
Posted: Oct 27, 2023
A New Jersey man has admitted his role in a conspiracy to steal and transport across state lines luxury cars stolen from towns in New York, Connecticut, and New Jersey, reported U.S. Attorney Philip Sellinger. Malik Baker of Vauxhall pleaded …
Posted: Oct 27, 2023
A heated debate has emerged about the once-unimaginable shooting of a teacher by her 6-year-old student: How should the school district take care of the teacher? Should she only get workers’ compensation for her serious physical injuries? Or do...
Posted: Oct 27, 2023
A Colorado judge chided a welding company that tried to pay off a $23,500 settlement with a subcontractor by sending the money in loose coins that weighed 3 tons. Judge Joseph Findley ruled Monday that JMF Enterprises “acted maliciously and ...
Posted: Oct 27, 2023