Insurance Journal
Ameris Bank, an Atlanta-based corporation with operations in seven Southeastern states, has agreed to invest $9 million in minority neighborhoods in Jacksonville, part of a settlement with the U.S. Department of Justice over alleged redlining practic...
Posted: Oct 19, 2023
Seiffert Insurance Agency recently joined Valley Insurance Agency Alliance (VIAA), a cohesive family of more than 160 independent insurance agencies in Missouri and Illinois. Founded in 2023, Seiffert Insurance Agency was created by owner Anthony Sei...
Posted: Oct 19, 2023
Kansas producer licensing fees will be reduced by $1.2 million beginning in January, 2024, Insurance Commissioner Vicki Schmidt announced. Resident producer application fees will be reduced from $30 to $15, and non-resident producer fees will be redu...
Posted: Oct 19, 2023
Storm Babet has triggered a red alert in Scotland as exceptional rainfall and flooding pose a “danger to life,” according to the Met Office. About 350 homes are being evacuated in Brechin, as Scotland braces for its first red weather R...
Posted: Oct 19, 2023
This edition of International People Moves details appointments at Lockton in London and Markel Australia. A summary of these new hires follows here. Lockton Taps Aon Veteran Guffanti as Head of Continental Europe Lockton, the world’s largest i...
Posted: Oct 19, 2023
Prime Insurance Company Names Schlueter SVP, Healthcare Professional Liability Prime Insurance Company, headquartered in Chicago, Ill., named Bart Schlueter as senior vice president and head of healthcare professional liability. Schlueter has over 25...
Posted: Oct 19, 2023
Britain’s financial watchdog said on Thursday it was having to “push back” against some investment funds that misleadingly attempt to label themselves as being focused on environmental, social and governance (ESG) based performance....
Posted: Oct 19, 2023
bankruptcybakruptNew York Attorney General Letitia James on Thursday sued cryptocurrency firms Genesis Global, its parent company Digital Currency Group (DCG) and Gemini for allegedly “defrauding” investors of more than $1 billion. The de...
Posted: Oct 19, 2023
Uber and one of its New York drivers who failed to pull within a foot of the curb when picking up a passenger must face a negligence lawsuit after all. A lower court had dismissed the negligence suit against Uber …
Posted: Oct 19, 2023
Allstate Corp. today reported September catastrophe losses of $317 million and total catastrophe losses for the third quarter of about $1.2 billion pretax. Seventeen events in September resulted in catastrophe losses of about $357 million, partially...
Posted: Oct 19, 2023
Aviation war insurers have given notice to cancel cover for some airlines domiciled in Israel and Lebanon because of the conflict in the region, with some cancellations already taking effect, three industry sources with direct knowledge of the matter...
Posted: Oct 19, 2023
The rise of cyber risk accumulation events has highlighted the need for cyber insurers and reinsurers to understand single points of failure (SPoFs) within their customers’ digital supply chains, according to a new report published by the Inter...
Posted: Oct 19, 2023
The rise of cyber risk accumulation events has highlighted the need for cyber insurers and reinsurers to understand single points of failure (SPoFs) within their customers’ digital supply chains, according to a new report published by the Inter...
Posted: Oct 19, 2023
JACKSON, Miss. (AP) — Water is flowing again to nearly all of Mississippi’s capital city. It’s a stark contrast from a year ago, when Jackson’s 150,000 residents could never be sure what, if anything, would flow from their tap...
Posted: Oct 19, 2023
S&P Global Market Intelligence projects that personal auto results will improve from 2022’s worst-in-decades combined ratio of 112.2%, though not as rapidly as the organization’s experts previously expected. Continued pressure on clai...
Posted: Oct 19, 2023
CHARLESTON, W.Va. (AP) — Forensic pathologists in West Virginia are being asked to perform at least twice as many autopsies as the national best practice standard, resulting in significant delays, the state office of the chief examiner said Tue...
Posted: Oct 19, 2023
Ahead of its third quarter earnings announcement early next month, The Hanover Insurance Group released a preliminary estimate of catastrophe losses of nearly $196 million primarily from multiple convective storms in the Midwest. “Severe weathe...
Posted: Oct 19, 2023
Most everyone who’s committed their career to solving the climate crisis comes to the field because they have something they want to save. It’s the mountains for Christoph Gebald, whose startup, Climeworks AG, is among the pioneers of suc...
Posted: Oct 19, 2023
Thomas Nuernberger is preparing for tougher times. For the past seven years, the 55-year-old has run the Chinese unit of fan and motor maker ebm-papst, and business has been good. But, as tensions simmer between Berlin and Beijing, ebm-papst is ̷...
Posted: Oct 19, 2023
National multi-line program administrator Atlas General Insurance Services, an RPS Company, announced the addition of a new workers’ compensation insurance program with Sompo International. This new platform includes the addition of over 400 wo...
Posted: Oct 19, 2023
Risk Strategies and One80 Intermediaries on Oct 18 announced an internal reorganization to operate under the newly introduced Accession Risk Management Group parent brand. Accession Risk Management Group, led by John Mina as global CEO, will represen...
Posted: Oct 19, 2023
A U.S. appeals court upheld Nasdaq’s board diversity rule on Wednesday, requiring companies listed on the exchange to have women and minority directors on their boards or explain why they do not. In a lengthy opinion, the New Orleans-based 5th...
Posted: Oct 19, 2023
Johnson & Johnson said it is weighing a third attempt to use bankruptcy for an $8.9 billion settlement of tens of thousands of lawsuits that allege tainted talc in the company’s baby powder caused cancer. Erik Haas, J&J’s lawyer i...
Posted: Oct 19, 2023
American consumers may remember the news about certain Chinese-made dehumidifiers, more than 1.5 million of which were recalled due to their tendency to overheat and catch fire. The manufacturer, Gree USA, in 2021 agreed to pay $91 million in penalti...
Posted: Oct 19, 2023
The California Labor Commissioner’s Office cited Hyatt Regency Long Beach $4.79 million for reportedly failing to timely offer job positions to 25 employees laid off during the COVID-19 pandemic once the hotel increased its business operations...
Posted: Oct 19, 2023