Insurance Journal
Britain’s financial watchdog has told motor insurers they have three months to improve the value they give customers in products that top up coverage, or face potential sanctions. The Financial Conduct Authority (FCA) said on Wednesday it had a...
Posted: Sep 21, 2023
A trade group for U.S. authors has sued OpenAI in Manhattan federal court on behalf of prominent writers including John Grisham, Jonathan Franzen, George Saunders, Jodi Picoult and “Game of Thrones” novelist George R.R. Martin, accusing t...
Posted: Sep 21, 2023
Berkshire Hathaway Energy Co.’s PacifiCorp has been battered in an unprecedented court fight over the utility’s failure to prevent massive wildfire destruction in Oregon. The largest grid operator in the western US faces the risk that it...
Posted: Sep 21, 2023
Executive Summary: The International Group of P&I Clubs offers a unique lens into the intricate web of maritime risk that influences both the insurance sector and the maritime industry globally. From this perspective, one thing is abundantly clea...
Posted: Sep 21, 2023
Lloyd’s of London is teaming up with the United Nations Capital Development Fund (UNCDF) to try and improve access to insurance for climate vulnerable countries, with an initial focus on Fiji and Pacific island countries. Climate change is happ...
Posted: Sep 21, 2023
The next speaker of the Florida House of Representatives, set to take charge in 2025, said he hopes to see more legislation that could further address spiraling property insurance costs. “Do I believe we are done with property insurance? No. &#...
Posted: Sep 21, 2023
The Florida Office of Insurance Regulation is reminding carriers that additional information about Hurricane Ian claims is due no later than Sept. 27. By law, the office is required to collect data after hurricanes. Simple data was required in the &#...
Posted: Sep 21, 2023
Blue Bird Corp., one of the largest and oldest makers of school buses, has fully embraced electric vehicles and will soon provide 13 electric buses to a Kentucky school district. Bowling Green Independent School District said the purchase of the R...
Posted: Sep 21, 2023
The Social Security Administration is trying to claw back billions of dollars in disability overpayments, many of them made to people who received workers’ compensation payouts for injuries, an analysis has found. KFF Health News, part of the K...
Posted: Sep 21, 2023
Michigan cannabis sales are a great story. Sales there reached another record in July, hitting $277 million for the month, and look to head well over $3 billion for the year. What’s going on there? The state is still fairly …
Posted: Sep 21, 2023
CSAA Insurance Group Promotes Pugh to EVP and CIO CSAA Insurance Group, headquartered in Walnut Creek, Calif., promoted Todd Pugh to executive vice president and chief information officer, overseeing all aspects of the company’s information tec...
Posted: Sep 21, 2023
Jenny Wong has joined Ryan Transactional Risk (RTR) as vice president, North American tax insurance. RTR is headquartered in London, England. Wong, based in New York, N.Y., has 19 years of experience as a tax practitioner, including roles as an ̷...
Posted: Sep 20, 2023
Arthur J. Gallagher & Co., the global insurance brokerage, has agreed to acquire Massachusetts-based Eastern Insurance Group, a subsidiary of Eastern Bank, Gallagher announced. The move is subject to regulatory approval. The purchase transaction...
Posted: Sep 20, 2023
New York Gov. Kathy Hochul has signed legislation that should make it easier for nonprofit groups to find auto insurance coverage through risk retention groups. Assembly Bill 5718 and its companion Senate bill allows out-of-state risk retention group...
Posted: Sep 20, 2023
An Ohio trucking company violated federal law by subjecting two gay mechanics to harassment and termination because of their sexual orientation and retaliated against them for opposing or complaining about the harassment, the U.S. Equal Employment Op...
Posted: Sep 20, 2023
Alliant Insurance Services Hires Montgomery as VP, Employee Benefits Group Brian Montgomery has joined Alliant Insurance Services as vice president within its employee benefits group in Houston, Texas. Montgomery joins Alliant, based in Irvine, Calif...
Posted: Sep 20, 2023
The Texas A&M University System issued staff guidance earlier this month on how to comply with the state’s ban on diversity, equity and inclusion initiatives, providing a first glimpse into how Texas universities are navigating the thorny i...
Posted: Sep 20, 2023
Nirvana, the London-based media, tech and cyber managing general agent (MGA), has launched its new European SME Warranty and Indemnity (W&I) binder. The team has a total available line size of €20 million ($21.4 million), in partnership with a ha...
Posted: Sep 20, 2023
U.S. authorities are seeking evidence from Credit Suisse to assess whether the bank misled investors about its financial health as it teetered towards a state-backed rescue by UBS six months ago. Credit Suisse “has received requests for documen...
Posted: Sep 20, 2023
JACKSON, Miss. (AP) — A Utah-based private prison company has returned $5.1 million to the Mississippi Department of Corrections after an investigation found it failed to provide enough workers at one of the prisons it was operating, state Audi...
Posted: Sep 20, 2023
Like most lobstermen, the Maine House Republican leader scrambled to complete his work ahead of the remnants of Hurricane Lee. Rep. Billy Bob Faulkingham was rushing home from sea when a giant wave rose up, seemingly from nowhere, and towered …
Posted: Sep 20, 2023
The death of a worker who suffocated in a Georgia grain silo could have been prevented had the employer not violated safety regulations, federal officials say. That finding results from the U.S. Occupational Safety and Health Administration investiga...
Posted: Sep 20, 2023
When London’s Lord Mayor called recently for the creation of a new council to lead reform of Britain’s flagging financial services sector, a deep sense of déjà vu eclipsed the City. For many, the proposal served as a reminder of …
Posted: Sep 20, 2023
Virgin Australia Airlines Pty found a second suspected unapproved plane part from obscure UK supplier AOG Technics Ltd., as the industry continues to hunt down bogus components that have spread across the global fleet. The Australian airline discover...
Posted: Sep 20, 2023
United Airlines Holdings Inc. discovered dubious parts in two aircraft engines, adding to the list of carriers worldwide that have found bogus components from supplier AOG Technics Ltd. The parts were discovered in a single engine on each of two R...
Posted: Sep 20, 2023