Insurance Journal

Kansas College Reaches Settlement in Suit Alleging Discrimination Against Black Athletes

HIGHLAND, Kan. (AP) – A Kansas community college that was accused of trying to reduce the number of Black student-athletes has agreed to a settlement, the U.S. Justice Department announced Monday. The department said in a news release that the &#8230...

Posted: Aug 30, 2023

Federal Government Opens Two Areas in Gulf of Mexico for Wind Farms, but No Companies Bid on Leases

The federal government for the first time on Tuesday opened two areas in the Gulf of Mexico off the Texas coast to build wind farms. Groups representing supply chain businesses hailed the chance for the new offshore leases to create …

Posted: Aug 30, 2023

U.S. Department of Justice and Oklahoma Bank Reach Settlement Over Discriminatory Lending Practices...

The U.S. Department of Justice and a northeastern Oklahoma bank have announced a proposed agreement to settle claims that the bank discriminated in lending to Blacks and Hispanics in the Tulsa area. Collinsville-based American Bank of Oklahoma used t...

Posted: Aug 30, 2023

Former Georgia Insurance Commissioner Oxendine Fraud Case Headed to Trial

Former Georgia Insurance Commissioner John Oxendine is headed to trial on health insurance fraud and money laundering charges after a federal judge this week denied all of his efforts to have an indictment dismissed. “Having now addressed all r...

Posted: Aug 30, 2023

Judge Allows Age-Discrimination Lawsuit Against Elon Musk’s X to Proceed

A California federal judge has refused to dismiss a lawsuit accusing X, the social media service formerly called Twitter, of disproportionately laying off older workers when Elon Musk acquired the company last year. U.S. District Judge Susan Illston...

Posted: Aug 30, 2023

Chubb Loses Bid to Enforce D&O Coverage Exclusions in Opioid-Related Case

A federal judge in North Carolina has ruled against a Chubb subsidiary in its attempt to rid itself of defense-cost obligations in opioid-related litigation by enforcing two policy exclusions. According to court documents in U.S. District Court for t...

Posted: Aug 30, 2023

Heavy Rains Cause Major Flooding in Parts of West Virginia

Thunderstorms dumped heavy rains that caused significant flooding in parts of West Virginia on Monday, authorities said. Gov. Jim Justice issued a state of emergency in at least five counties, enabling the National Guard to activate swift-water rescu...

Posted: Aug 30, 2023

Vassar College Hit With Class Action Alleging Sex Discrimination Against Women in Pay, Promotions

Vassar College, founded in 1861 to provide equal education for women, has been hit with a class action suit by female faculty members alleging unfair sex discrimination in compensation, evaluations and promotions of female professors in violation of...

Posted: Aug 30, 2023

Vassar College Hit With Lawsuit Alleging Discrimination Against Women in Pay, Promotions

Vassar College, founded in 1861 to provide equal education for women, has been hit with a class action suit by female faculty members alleging unfair sex discrimination in compensation, evaluations and promotions of female professors in violation of...

Posted: Aug 30, 2023

Idalia Rumbles Ashore as Cat 3, Lashing Tallahassee and Much of Florida and Georgia

Just when parts of the property-casualty industry thought it was safe to re-enter the Florida market, Hurricane Idalia made landfall closer to the heavily-populated Tallahassee area than expected, and brought heavy storm surge to the Big Bend coastli...

Posted: Aug 30, 2023

Appeals Court Nixes Its Own ‘Flawed’ Limit on Title VII Employee Discrimination Claims

A federal appeals court has discarded its own long-time precedent and expanded the scope of discrimination claims that employees can bring against their employers under Title VII of the Civil Rights Act. In so ruling, the Fifth Circuit of Appeals, &#...

Posted: Aug 30, 2023

Yale University Settles Suit Over Treatment of Students with Mental Health Issues

Yale University and a student group announced Friday that they`ve reached a settlement in a federal lawsuit that accused the Ivy League school of discriminating against students with mental health disabilities, including pressuring them to withdraw....

Posted: Aug 30, 2023

People Moves: MMG Adds Clukey; Carl Joins Alliant in Philadelphia

MMG Hires Clukey as Vice President of People & Engagement/HR MMG Insurance Company, headquartered in Presque Isle, Maine, hired Julia Clukey as vice president of people and engagement/HR. Clukey’s experience includes leadership positions at...

Posted: Aug 30, 2023

Warren Buffett’s Bet on Mild Florida Storm Season Faces Test With Hurricane Idalia

Berkshire Hathaway Inc. bet big earlier this year that Florida’s reinsurance market would deliver huge premiums with minimal losses. Hurricane Idalia is about to offer a test of that calculus, with months of potential storms left this season. W...

Posted: Aug 30, 2023

What Is it About Named Storms That Start with the Letter ‘I’ ?

Floridians, Georgians and others in the path of Idalia are hoping that the hurricane won’t join the long list of destructive Atlantic Ocean storms whose names started with “I.” Since 1955, 13 Atlantic storm names beginning with &#82...

Posted: Aug 30, 2023

What Is it About Named Storms That Start With the Letter ‘I’ ?

Floridians, Georgians and others in the path of Idalia are hoping that the hurricane won’t join the long list of destructive Atlantic Ocean storms whose names started with “I.” Since 1955, 13 Atlantic storm names beginning with &#82...

Posted: Aug 30, 2023

The U.S. Cyber Trust Mark and the Power of Collaboration

As cyber threats continue to grow, guests on the latest episode of The Insuring Cyber Podcast say that collaborations between the public and private sector are becoming even more vital. “Probably the most urgent driver of cooperation is the con...

Posted: Aug 30, 2023

What Caused Closure of Toyota’s 14 Assembly Plants in Japan?

Toyota Motor was ramping back production at its Japan-based factories on Wednesday after a computer system processing orders for vehicle parts broke down on Tuesday, forcing the closure of 14 assembly plants. The disruption shut down a system that is...

Posted: Aug 30, 2023

Super Typhoon Saola Lashes Taiwan Before Heading to Hong Kong

Super Typhoon Saola pummeled the south of Taiwan early Wednesday with strong winds and heavy rain, shutting offices and canceling some flights before heading to Hong Kong. Authorities in Taiwan, where no typhoon has made landfall since 2019, closed o...

Posted: Aug 30, 2023

People Moves: Starr Names Chen CEO of Starr Singapore; Arch Re Announces 4 Executive Promotions; Fid...

This edition of International People Moves details appointments at Starr Insurance, Arch Reinsurance and Fidelis MGU. A summary of these new hires follows here. Starr Names Chen CEO of Starr Singapore Starr Insurance announced that Sean Chen, a 14-ye...

Posted: Aug 30, 2023

Dutch Insurer NN Says Extreme Weather May Make Further Premium Hikes Unavoidable

Dutch insurer NN Group NV may increase premiums further as extreme weather patterns become more prevalent, Chief Executive Officer David Knibbe said. While NN benefited from benign weather conditions in the first half of the year, the July storm in &...

Posted: Aug 30, 2023

UK’s Direct Line Group Names Aviva’s Winslow as Group Chief Executive Officer

UK insurer Direct Line Group announced that Adam Winslow has been appointed as chief executive officer, subject to regulatory approval. It is expected that he will take up the role in the first quarter of 2024, succeeding Jon Greenwood who …

Posted: Aug 30, 2023

Car Premiums to Rise Again as British Insurers Feel the Heat

Motorists in Britain should brace for another year of steep insurance rises as providers confront cost pressures, industry figures have warned. Admiral Group Plc will continue increasing motor insurance prices and expects the rest of the market to fo...

Posted: Aug 30, 2023

People Moves: Cover Genius Names Rudow Chief Financial Officer

Cover Genius Names Rudow Chief Financial Officer Cover Genius, headquartered in Mumbai, India, appointed David Rudow as its new chief financial officer (CFO). Rudow has over 18 years of experience and previously served as CFO of the cloud-based techn...

Posted: Aug 30, 2023

People Moves: Cover Genius Names Rudow Chief Financial Officer; Lubbers Head of US Affinity & Progra...

Cover Genius Names Rudow Chief Financial Officer Cover Genius appointed David Rudow as its new chief financial officer (CFO). Rudow has over 18 years of experience and previously served as CFO of the cloud-based technology company nCino. Other previo...

Posted: Aug 30, 2023