Insurance Journal

Delta, United Must Face Class Action Over US Airfares

Delta Air Lines and United Airlines were ordered by a federal judge to face a consumer antitrust class action accusing major U.S. carriers of conspiring to drive up domestic airfares by reducing the number of available seats. In a decision …

Posted: Sep 13, 2023

Lockton Signs Strategic Partnership With Spanish Re/insurance Broker Jhasa

Lockton, the world’s largest independent insurance broker, announced it has signed a long-term strategic agreement with Jhasa, a Spanish independent insurance and reinsurance broker that specializes in the construction, energy and M&A secto...

Posted: Sep 13, 2023

Already Soaked New England Warned of More Flooding Today, Hurricane Lee on Weekend

Already saturated communities in New England are facing continued heavy rains with additional flooding today and the prospect of even more bad weather from Hurricane Lee over the coming weekend. The National Weather Service said the region will see a...

Posted: Sep 13, 2023

MGM Hack Has Vegas Hotels Resorting to Cash Bars, Paper Vouchers

MGM Resorts International has been saying its hotels and casinos are “operational” following a cyberattack over the weekend that appeared to take down everything from payment systems to sportsbooks. Some of its patrons begged to differ. S...

Posted: Sep 13, 2023

US Already Sets Record for Yearly Billion-Dollar Weather Disasters

The deadly firestorm in Hawaii and Hurricane Idalia’s watery storm surge helped push the United States to a record for the number of weather disasters that cost $1 billion or more. And there’s still four months to go on what’s &#823...

Posted: Sep 13, 2023

California Lawmakers Approve Nation’s Most Sweeping Emissions Disclosure Rules for Big Business

Major corporations from oil and gas companies to retail giants would have to disclose their direct greenhouse gas emissions as well as those that come from activities like employee business travel under legislation passed by California lawmakers, the...

Posted: Sep 13, 2023

Google’s Search Dominance Challenged in Biggest Antitrust Trial in Decades

Google has exploited its dominance of the internet search market to lock out competitors and smother innovation, the Department of Justice charged Tuesday at the opening of the biggest U.S. antitrust trial in a quarter century. “This case is ab...

Posted: Sep 13, 2023

Court Clicks ‘OK’ on Uber’s Arbitration Agreement for Users’ Claims

A notice in Uber’s digital registration process requiring ride-share customers to take any individual claims to arbitration is enforceable, a New Jersey appeals court has ruled in a case involving passengers injured in an auto accident. Three p...

Posted: Sep 13, 2023

Court Clicks ‘OK’ on Uber’s Arbitration Agreement for Users’ Accident Claims

A notice in Uber’s digital registration process requiring ride-share customers to take any individual claims to arbitration is enforceable, a New Jersey appeals court has ruled in a case involving passengers injured in an auto accident. Three p...

Posted: Sep 13, 2023

Petitions to ‘Stop Cop City’ in Georgia in Legal Limbo After Court Rulings

ATLANTA (AP) — Atlanta officials refused to verify tens of thousands of signatures submitted on Monday by activists trying to stop the construction of a police and firefighter training center, citing a recent court order. The activists had gath...

Posted: Sep 13, 2023

Slave Descendants Facing County Vote on Development of Georgia Island

DARIEN, Ga. (AP) — Descendants of enslaved people living on a Georgia island are watching anxiously Monday evening as county commissioners consider doubling the maximum size of houses that can be built in their tiny community of modest homes an...

Posted: Sep 13, 2023

People Moves: RT Specialty Promotes Mitchell to President of Workers’ Comp Practice; Wu Joins Axis a...

RT Specialty Promotes Mitchell to President of Workers’ Compensation Practice RT Specialty promoted Jim Mitchell to national workers’ compensation practice president. Mitchell has been with RT Specialty since 2020, joining with the acquis...

Posted: Sep 13, 2023

Maine Lighthouse Closed After Walkway Collapse That Injured 11

A lighthouse that was the site of a walkway collapse that injured 11 people will remain closed for an undetermined amount of time, according to the group that maintains the structure. The wooden walkway at Doubling Point Lighthouse in Arrowsic &#8230...

Posted: Sep 13, 2023

Insurer Mapfre Faces Class Actions Over Data Breach

Two proposed class actions have been filed in federal court in Massachusetts against Mapfre U.S.A. Corp. and its affiliate Commerce Insurance Co. over a recent data breach that one of the lawsuits contends may have exposed customer data for more &#82...

Posted: Sep 13, 2023

The SEC’s New Disclosure Rules and Cyber, D&O Coverage

The U.S. Securities and Exchange Commission in July adopted rules that require public companies to disclose certain information about their cyber risk. The rules, originally proposed in March 2022, not only require disclosure within four days of any...

Posted: Sep 13, 2023

Global Companies to Increase Security Spending as Threats Rise: Survey

Almost half of security chiefs at the world’s biggest companies expect to increase their budgets significantly in the next year as they see economic and social unrest driving more cases of theft, fraud and the leaking of sensitive information....

Posted: Sep 13, 2023

Arthur J. Gallagher & Co. Buys Bermuda-Based Frontier Financial Services Ltd.

Arthur J. Gallagher & Co., the Rolling Meadows, Ill.-based brokerage, risk management and consulting services firm, announced that its captive and alternative risk transfer solutions subsidiary, Artex, has acquired Bermuda-based Frontier Financia...

Posted: Sep 13, 2023

Pair of Iowa Men Face Felony Charges for Presenting False Information in Workers’ Comp Claim

A pair of Iowa men were charged with insurance fraud following an investigation by the Iowa Insurance Division’s Fraud Bureau. Trey Wysocki, age 40, of New Virginia was charged with one count of Insurance Fraud – Presenting False Informat...

Posted: Sep 13, 2023

Iowa Men Face Felony Charges for Workers’ Comp Insurance Fraud

A pair of Iowa men were charged with insurance fraud following an investigation by the Iowa Insurance Division’s Fraud Bureau. Trey Wysocki, age 40, of New Virginia was charged with one count of Insurance Fraud – Presenting False Informat...

Posted: Sep 13, 2023

Ex-Chairman of Top China Insurer Given Suspended Death Sentence

China sentenced the former head of the nation’s largest life insurer to death with a two-year reprieve, as President Xi Jinping’s crackdown on corruption in the financial industry continues. Wang Bin, ex-chairman of China Life Insurance C...

Posted: Sep 13, 2023

UK Insurer Aviva to Sell Singlife Joint Venture Stake for $1 Billion

Aviva is quitting its Singlife joint venture, selling its 25.9% stake in Singapore Life Holdings and two debt instruments to Sumitomo Life for a combined 800 million pounds ($997 million), the British insurer said on Wednesday. The transaction is exp...

Posted: Sep 13, 2023

EEOC Sues Oklahoma Powersports Vehicle Retailer for Sex Discrimination

Vicars Powersports, a McAlester, Oklahoma retailer of ATVs, UTVs, dirt bikes, motorcycles and personal watercraft, violated federal law when it fired a female manager because she is a woman, the U.S. Equal Employment Opportunity Commission (EEOC) cha...

Posted: Sep 13, 2023

Texas Sees Rapid Growth in Battery Storage to Support Power Grid

On Wednesday night, minutes before the state’s grid operator went into emergency mode to make sure it would have enough power to meet high demand during another triple-digit day, batteries provided more electricity to Texas homes and businesses...

Posted: Sep 13, 2023

Driver Killed as Loose Wheel Crashes into Vehicle on Interstate 70 in Indianapolis

INDIANAPOLIS (AP) – A wheel came off a pickup truck on an Indianapolis freeway, bounced over a median and crashed into the windshield of another vehicle, killing its driver Monday, police said. The woman driving the second vehicle was pronounced &#82...

Posted: Sep 13, 2023

Minnesota Meat Processing Company Fined $300K for Employing Children in Hazardous Conditions

MADELIA, Minn. (AP) – A meat processing company in Minnesota on Friday agreed to pay $300,000 in penalties after an investigation found it employed children as young as 13 to work in hazardous conditions, such as operating meat grinders, while &#8230...

Posted: Sep 13, 2023