Insurance Journal

Howden’s Aston Lark Acquires UK Broker Curtis Marine

Aston Lark, a Howden company, announced it has acquired Plymouth, UK-based marine insurance broker, Curtis Marine. Financial details of the deal were not disclosed. Curtis Marine will become part of Howden’s marine practice, trading under the H...

Posted: Aug 29, 2023

Derek Rathel Joins InsurSign as CEO: Vision & Future Outlook

San Francisco, CA., August 29, 2023 — In a significant stride towards innovation, Derek Rathel has taken the reins as the Chief Executive Officer (CEO) of InsurSign. This move underscores the evolution of the eSignature app and signals a promis...

Posted: Aug 29, 2023

Removing Fukushima’s Melted Nuclear Fuel Will Be Harder Than Wastewater Release

At a small section of the Fukushima Daiichi nuclear plant’s central control room, the treated water transfer switch is on. A graph on a computer monitor nearby shows a steady decrease of water levels as treated radioactive wastewater is diluted...

Posted: Aug 29, 2023

El Niño Likely to Develop Between Sept and Nov, Australian Weather Bureau Says

Australia’s weather bureau said on Tuesday that sea surface temperatures in the tropical Pacific were rising and an El Niño weather event, which typically brings hotter, drier weather, would likely develop between September and November. El Niñ...

Posted: Aug 29, 2023

Federal Judge Set to Decertify Google Play Class Action

A U.S. judge plans to free Google from having to defend against a class action by 21 million consumers who claimed it violated federal antitrust law by overcharging them in its Google Play app store. Monday’s decision by U.S. District …

Posted: Aug 29, 2023

Hundreds of P&O Cruise Passengers Flown Home After Tanker Crash

Hundreds of passengers on a P&O cruise ship that crashed into an oil tanker during a storm in Spain have been flown home. The flagship Britannia departed the Mediterranean island of Palma de Mallorca on Monday and will return to …

Posted: Aug 29, 2023

Toyota’s Japan Production at Standstill as System Failure Hits All 14 Assembly Plants

Toyota Motor Corp. on Tuesday said it has suspended operations at all 14 of its assembly plants in Japan due to a production system malfunction, bringing domestic output to a standstill at the world’s biggest-selling automaker. The glitch is pr...

Posted: Aug 29, 2023

Drugmaker Mallinckrodt Files for Second Bankruptcy in the US

Drugmaker Mallinckrodt on Monday filed for its second bankruptcy in three years in the United States, with a restructuring plan that would cut $1 billion from what it owes to victims of the opioid crisis. The Ireland-based company initiated Chapter &...

Posted: Aug 29, 2023

Kentucky Supreme Court: Docs Must Bill for Injured Workers Within 45 Days

Medical providers who treat injured workers in Kentucky must bill the employer/insurer within 45 days, even before a workers’ compensation claim has been filed and before an employer’s liability has been established, the Kentucky Supreme...

Posted: Aug 29, 2023

NCCI Calls for Average 15% Decrease in Florida Workers’ Compensation Rates

The National Council on Compensation Insurance has proposed an average 15.1% decrease in rates for Florida, starting Jan. 1, the latest and one of the largest reduction recommendations in more than a decade of rate filings. The filing, which will &#8...

Posted: Aug 29, 2023

Farmers Insurance Laying Off 11% of Workforce, Citing Industry Challenges

Farmers Insurance announced it will part ways with approximately 2,400 employees – 11% of its workforce across all lines of business. “Decisions like these are never easy, and we are committed to doing our best to support those impacted by &#82...

Posted: Aug 28, 2023

KCC Estimates Storm Hilary Caused Nearly $600M in Insured Losses

Catastrophe modeler Karen Clark & Co. said privately insured losses in the U.S. from Hurricane Hilary will be near $600 million. Once a Category 4 storm, Hurricane Hilary weakened to a tropical storm before it made landfall near Baja California &...

Posted: Aug 28, 2023

TEPCO Says Seawater Radioactivity Below Detectable Limits After Fukushima Release

Initial tests showed seawater radioactivity to be below detectable levels after the release of treated radioactive water from Japan’s Fukushima plant, its operator, Tokyo Electric Power Co (TEPCO), said on Friday. The seawater samples contained...

Posted: Aug 28, 2023

Kansas City Fire Department Faces US Department of Justice Investigation for Alleged Racial Discrimi...

KANSAS CITY, Mo. (AP) – The Kansas City, Missouri, Fire Department is under a U. S. Department of Justice investigation for alleged racial discrimination, a Kansas City spokesperson confirmed to The Kansas City Star Thursday. Associated Press phone c...

Posted: Aug 28, 2023

People Moves: Sompo Int’l Taps Zurich’s Weiss as Head of Property & Energy, Continental Europe; Inig...

This edition of International People Moves details appointments at Sompo International and Inigo Limited. A summary of these new hires follows here. Sompo Int’l Taps Zurich’s Weiss as Head of Property & Energy, Continental Europe Somp...

Posted: Aug 28, 2023

Severe Storms and Tornado Cause Damage and Power Outages in Michigan, Leaving 5 Dead

CANTON TOWNSHIP, Mich. (AP) – At least one tornado touched down in Michigan as part of severe storms powered by winds of up to 75 mph (121 kph) that downed trees, tore roofs off buildings and killed five people while …

Posted: Aug 28, 2023

Louisiana Oil Refinery Fire Mostly Contained but Residents Worry About Air Quality

GARYVILLE, La. (AP) – Crews were still working to suppress flare-ups Saturday as a fire at a Louisiana oil refinery burned for a second day along the banks of the Mississippi River, while residents worried about health effects from the …

Posted: Aug 28, 2023

Libor Zombies Pit Hedge Funds Against Banks, Insurers in High-Stakes Feud

One of the most lucrative, and contentious, trades of 2023 has emerged in an obscure corner of financial markets, minting overnight profits for the hedge fund crowd of as much as 35%. The play: Load up on 1980s-era bank bonds …

Posted: Aug 28, 2023

Nominations Open for ‘Best Agency to Work For’ Awards. Deadline Soon.

Is your agency a Best Place to Work? Then it’s time to nominate your agency as a “Best Agency to Work For.” To nominate your agency, you must be a current employee of the agency you are nominating. A MINIMUM …

Posted: Aug 28, 2023

Appeals Court Blasts Insurer’s Conduct in Denying Claim Over Insured’s Conduct

Philadelphia Indemnity Insurance Co. is not entitled to the summary judgment it was granted by a federal district court in a building fire case in which it claimed the insured was not cooperative in accommodating its requests for examinations under &...

Posted: Aug 28, 2023

More Than 600 Firefighters, Water-Dropping Planes Struggle to Control Greece Wildfires

More than 600 firefighters, including reinforcements from several European countries and backed by a fleet of water-dropping planes and helicopters, were battling three major wildfires in Greece Sunday, two of which have been raging for days. A massi...

Posted: Aug 28, 2023

Cyber Startup Wiz Is Weighing Potential Bid for SentinelOne

Closely held cloud cybersecurity company Wiz Inc. is considering a potential bid for SentinelOne Inc. in what would represent a rare move by a startup to buy a large listed company. Wiz spokesperson Tamar Harel said on Friday that the …

Posted: Aug 28, 2023

Alabama Supreme Court Says Work on New Coastal Bridge Can Resume

The Alabama Supreme Court ruled Friday that the state can continue work on a new bridge that will give motorists an alternate route to state beaches. Justices reversed an injunction issued by a Montgomery judge that had halted work on …

Posted: Aug 28, 2023

US Workers Exposed to Extreme Heat Have No Consistent Protection

Santos Brizuela spent more than two decades laboring outdoors, persisting despite a bout of heatstroke while cutting sugarcane in Mexico and chronic laryngitis from repeated exposure to the hot sun while on various other jobs. But last summer, while...

Posted: Aug 28, 2023

Man Kills Three in Racially Motivated Shooting at Jacksonville Store

A masked white man carrying at least one weapon bearing a swastika fatally shot three Black people inside a Florida store Saturday in an attack with a clear motive of racial hatred, officials said. The shooting in a Dollar General …

Posted: Aug 28, 2023