Insurance Journal
MISSION, Kan. (AP) – A mother is suing a shuttered Christian boarding school in Missouri, blaming her son`s death on a gang rape and other abuse he endured there. Agape Boarding School has been subjected to a wave of litigation …
Posted: Oct 25, 2023
MISSION, Kan. (AP) – A mother is suing a shuttered Christian boarding school in Missouri, blaming her son’s death on a gang rape and other abuse he endured there. Agape Boarding School has been subjected to a wave of litigation …
Posted: Oct 25, 2023
COLUMBIA, S.C. (AP) — Nine of South Carolina`s 16 elected prosecutors are asking to remove all legislators who are lawyers from a committee that decides which judicial candidates are put before the General Assembly for election. All six of the...
Posted: Oct 25, 2023
Alliant Insurance Services, a distributor based in California, said it has named Scott Myers vice president of its employee benefits group. Myers is based in West Palm Beach. He has 15 years’ experience and has worked as a benefits consultant &...
Posted: Oct 25, 2023
An attorney suing Tesla over a fatal accident cited an internal safety analysis conducted by the company that showed it knew about a steering malfunction in its Autopilot driver assistant feature about two years earlier. The disclosure came during cl...
Posted: Oct 25, 2023
Brown & Brown Inc. (BRO on NYSE) this week reported third-quarter earnings of $175.9 million. The Daytona Beach, Florida-based brokerage said it had net income of 62 cents per share. Earnings, adjusted for non-recurring costs, came to 71 cents pe...
Posted: Oct 25, 2023
Third quarter net income at Chubb Ltd. shot up to $2.04 billion, an increase of nearly 158% over last year’s $792 million during the same quarter. Chubb’s P/C underwriting income was up about 84% to $1.3 billion in the third …
Posted: Oct 25, 2023
Federal authorities have released more details and unsealed charges in the theft of more than 2 million dimes earlier this year from a tractor-trailer that had picked up the coins from the U.S. Mint in Philadelphia. The truck driver was …
Posted: Oct 25, 2023
Business as usual is rare right now inside the companies that power Israel’s $520 billion economy, as leaders try to keep operations going while offering emotional and other support to workers. The realities of the Israel-Hamas war are upending...
Posted: Oct 25, 2023
Dozens of U.S. states are suing Meta Platforms and its Instagram unit, accusing them of fueling a youth mental health crisis by making their social media platforms addictive. In a complaint filed on Tuesday, the attorneys general of 33 states …
Posted: Oct 25, 2023
As the world’s digital ecosystem has grown and become more complex, Trent Frazier, deputy assistant director in the stakeholder engagement division at CISA, or the Cybersecurity and Infrastructure Security Agency, said on this episode of The In...
Posted: Oct 25, 2023
JACKSON, Miss. (AP) — Incomplete homicide autopsy reports have continued to pile up in Mississippi – despite tough-on-crime talk by state leaders ahead of the Nov. 7 general election. Police officers and prosecutors rely on medical examin...
Posted: Oct 25, 2023
Hurricane Otis made landfall near the tourist hotspot of Acapulco on Mexico’s Pacific Coast as a deadly Category 5 hurricane with winds capable of collapsing homes, ripping apart power lines and tossing trees. The storm made landfall around 2:2...
Posted: Oct 25, 2023
CFM International Inc. identified more aircraft engines and forged documents linked to the UK parts distributor behind an alleged scheme to sell aircraft components backed by forged records. An extensive review by the engine-making joint venture of G...
Posted: Oct 25, 2023
USQRisk, the international managing general agent specializing in alternative risk transfer solutions, has announced the launch of Pera, a managing general agent providing cyber and blended cyber and technology E&O insurance to large U.S. domicil...
Posted: Oct 25, 2023
Tech-enabled commercial insurance wholesale brokerage QuoteWell announced its public launch to serve independent retail agents. Founded in 2021, the insurtech said it “helps agents who are often overlooked and given poor customer service due to...
Posted: Oct 25, 2023
The market for catastrophe bonds is one of this year’s best-performing debt classes. It’s also about to see a significant increase in sales as the World Bank, a major issuer, prepares to ratchet up its offering. The lender plans to …...
Posted: Oct 25, 2023
NEW ORLEANS (AP) – At least seven people were killed Monday after a “superfog” of smoke from marsh fires and dense morning fog caused a series of wrecks on Interstate 55 near New Orleans that left a long stretch of …
Posted: Oct 25, 2023
Ransomware attacks are up 95.41% globally in 2023 year over year, a trend showing no signs of slowing. The number of ransomware victims to date in 2023 (3,311) has already surpassed totals for the entirety of 2021 (3,048) or 2022 …
Posted: Oct 25, 2023
DBRS Morningstar experts anticipate increased reliance on government insurance programs as insurers exit catastrophe-prone states. New commentary from the credit ratings business said these departures could “eventually trigger declines in prope...
Posted: Oct 25, 2023
The story of disbarred Florida plaintiffs’ attorney Scot Strems has been told, in bits and pieces, in this publication and others over the last six years. But the saga and Strems’ alleged actions and the havoc they caused in the …
Posted: Oct 25, 2023
A Collegeville, Pennsylvania restaurant and its owners must pay $268,660 in back wages, liquidated damages and punitive damages to satisfy a consent judgment obtained by the U.S. Department of Labor after an investigation into the employers’ il...
Posted: Oct 25, 2023
A Collegeville, Pennsylvania restaurant and its owners must pay $268,660 in back wages, liquidated damages and punitive damages to satisfy a consent judgment obtained by the U.S. Department of Labor after an investigation into the employers’ il...
Posted: Oct 25, 2023
Two New York hospitals that were hit with a cyberattack have resumed admitting emergency patients after shutting down their computer systems to investigate, hospital officials said. The ambulance diversion ended Saturday night and the hospitals resum...
Posted: Oct 25, 2023
Relatives of three people who died last year in a flash flood stemming from the largest wildfire in New Mexico’s recorded history are suing the U.S. Forest Service. The wrongful death lawsuit filed earlier this month alleges the Forest Service...
Posted: Oct 25, 2023