Insurance Journal
Alphabet’s Google on Tuesday made a last-ditch effort at Europe’s top court to overturn a 2.42 billion euro ($2.6 billion) EU antitrust fine imposed for market abuse related to its shopping service, saying that regulators failed to show t...
Posted: Sep 20, 2023
The Department of Homeland Security wants Congress and other federal agencies to help it streamline 52 different cyber reporting requirements to protect critical infrastructure and ease regulatory burdens on hacking victims. On Tuesday, it released a...
Posted: Sep 20, 2023
Eli Lilly & Co. is suing medical spas, wellness centers and compounding pharmacies in various US states that sell unapproved versions of its blockbuster diabetes drug Mounjaro, which is frequently used off-label for weight loss. In lawsuits Lilly...
Posted: Sep 20, 2023
Home insurance costs that have soared in much of the US may get even higher. Tens of millions of properties around the country are insured at prices that haven’t caught up with the danger of hurricanes, wildfires and floods, according …
Posted: Sep 20, 2023
A Credit Suisse unit has been ordered to pay billionaire Bidzina Ivanishvili reduced damages of $742.7 million by a Singapore court as it confirmed that the bank’s trust had failed to safeguard its client’s assets. The amount was revised...
Posted: Sep 20, 2023
Israeli cybersecurity firm Cato Networks said on Tuesday it had raised $238 million in a private funding round that valued the company at $3 billion. The round, one of Israel’s largest this year and Cato’s biggest, was led by LightSpeed &...
Posted: Sep 20, 2023
Moderna’s suit against Pfizer and partner BioNtech over alleged COVID-vaccine-related patent infringement – and the targets’ countersuit – might suggest an abrupt return to business as usual after an unprecedented period of cooperation am...
Posted: Sep 20, 2023
Hylant, one of the larger privately held insurance brokers in the country, has made a number of personnel changes in recent weeks. Alejandro Reyes will lead Ohio-based Hylant’s business risk consulting teams, which help clients manage operation...
Posted: Sep 20, 2023
A New York startup company said it is now offering a platform that will make it easier for homebuyers to assume a mortgage from the seller, potentially saving buyers significantly over current interest rates. Roam, as it’s known, launched last...
Posted: Sep 20, 2023
Kendall Bundy has joined Burns & Wilcox and will lead its San Diego, Calif. office. Bundy most recently served as a vice president at RT Specialty and also worked as project manager at Fieldwork Network. Burns & Wilcox is headquartered …...
Posted: Sep 20, 2023
The Washington State Department of Labor & Industries is proposing a 4.9% increase in the average hourly rate employers and workers will pay for workers’ compensation insurance next year. If adopted, the increase would have employers and wo...
Posted: Sep 20, 2023
This post is part of a series sponsored by AgentSync. There are plenty of reasons to assume an economic downturn is no time to innovate. Here’s why that logic is wrong, and the truth about innovating in uncertain economic times. …
Posted: Sep 19, 2023
Three artworks believed stolen during the Holocaust from a Jewish art collector and entertainer have been seized from museums in three different states by New York law enforcement authorities. The artworks by Austrian Expressionist Egon Schiele were...
Posted: Sep 19, 2023
(Bloomberg) — Airlines are scrambling to find replacements for hundreds of single-aisle jetliners that will be sidelined by a recently discovered engine issue, providing a boon to companies that lease out aircraft and crews. About 3,000 Pratt &...
Posted: Sep 19, 2023
ReSource Pro, headquartered in New York, N.Y., named Brittany Boyer as its Vice President of Product. Boyer brings with her over 17 years’ experience in the insurance industry. Before joining ReSource Pro, Boyer served as executive director of...
Posted: Sep 19, 2023
A drywall contractor has been sentenced to six months in jail for defrauding the New York State workers’ compensation insurance fund out of almost $3 million in premiums over an eight-year period. The Manhattan District Attorney announced the s...
Posted: Sep 19, 2023
A U.S. Department of Labor workplace safety investigation has found that a Houston-based contractor willfully and repeatedly exposed its workers to falls, electrical hazards and amputations. Following a March 9, 2023, complaint, investigators with th...
Posted: Sep 19, 2023
On four occasions in less than three months in 2023, U.S. Department of Labor inspectors observed a Millersburg, Ohio roofing contractor again exposing workers to deadly fall hazards of up to 19 feet at four residential roofing job sites in …
Posted: Sep 19, 2023
BATON ROUGE, La. (AP) – Louisiana, typically one of the wettest states in the country, is on fire. In communities often challenged by flooding and hurricanes this time of year, firefighters instead are fending off 300-foot-tall (91.44 meters) blazes...
Posted: Sep 19, 2023
NDIANAPOLIS (AP) – Indiana`s attorney general has sued the state`s largest hospital system, claiming it violated patient privacy laws when a doctor publicly shared the story of an Ohio girl who traveled to Indiana for an abortion. The lawsuit, filed...
Posted: Sep 19, 2023
Ohio Mutual CFO Hendrix Announces Retirement; Wallen to Assume Position in January Ohio Mutual Chief Financial Officer David Hendrix will retire from the company effective December 31. Current Corporate Controller Andrew M. Wallen will assume the rol...
Posted: Sep 19, 2023
When the wording of insurance policies conflict with each other and can’t be reconciled, insurers must share defense expenses, a federal appeals court said in a case that stemmed from lawsuits against school personnel. “The district court...
Posted: Sep 19, 2023
Environmental groups called on federal regulators to immediately shut down one of two reactors at California’s last nuclear power plant until tests can be conducted on critical machinery they believe could fail and cause a catastrophe. Friends...
Posted: Sep 19, 2023
Everest Insurance, the insurance division of Everest Group Ltd., has launched a dedicated U.S. Wholesale and Programs Division to serve the distinct and evolving needs of this market. “This dedicated offering reflects Everest’s decades of...
Posted: Sep 19, 2023
Intact Financial Corp. has kicked off the sale of its personal insurance subsidiary in the UK, which could be valued at around £500 million ($620 million), people with knowledge of the matter said. The Canadian insurer is working with JPMorgan …...
Posted: Sep 19, 2023