Insurance Journal
Hospitals and clinics in several states on Friday began the time-consuming process of recovering from a cyberattack that disrupted their computer systems, forcing some emergency rooms to shut down and ambulances to be diverted. Many primary care serv...
Posted: Aug 07, 2023
More victims of a devastating wildfire sparked last year by the U.S. Forest Service in northern New Mexico are getting compensated, with payouts to landowners totaling more than $14 million as of early next week, federal emergency managers said. Cong...
Posted: Aug 07, 2023
DUAL, the London-based managing general agent, announced the acquisition of David Ashby Underwriting Ltd. (DAU), an MGA that specializes in bloodstock and high value sports horse insurance. Financial details of the deal were not disclosed. DUAL said,...
Posted: Aug 07, 2023
Warren Buffett’s Berkshire Hathaway Inc. posted gains in operating profit as strength in its insurance businesses helped counter inflationary pressures that have weighed on the sprawling conglomerate in the last year. The firm reported $10.04 b...
Posted: Aug 07, 2023
Investors in cyber risk solution company Resilience have contributed yet again – $100 million in a series D equity financing round – a testament to the company’s business model and results, its leaders said. With reports of a decline in …
Posted: Aug 07, 2023
Investors in cyber risk solution company Resilience have contributed yet again – $100 million in a series D equity financing round – a testament to the company’s business model and results, its leaders said. With reports of a decline in …
Posted: Aug 07, 2023
A U.S. judge has rejected former Allianz fund manager Gregoire Tournant’s bid to dismiss a criminal fraud case over his role in causing more than $7 billion of investor losses. In an order made public on Friday, U.S. District Judge …
Posted: Aug 07, 2023
SiriusPoint Ltd., the Bermuda-based specialty insurer and reinsurer, and Eaton Gate, a London-based managing general underwriter (MGU), announced a new partnership. Eaton Gate writes in excess of £100 million GWP through its group of managing general...
Posted: Aug 07, 2023
Irving, TX., August 7, 2023 – Team One Adjusting Services (“Team One”), a provider of claims adjusting and claims management services, and Southwest Adjusters (“SWA”), a multi-line independent insurance adjustment agency...
Posted: Aug 07, 2023
Australia will drastically toughen penalties against promoters of dodgy tax schemes and beef up regulatory powers under reforms announced on Sunday in response to a scandal over the use of leaked fiscal plans by PwC Australia. The leak of the …
Posted: Aug 07, 2023
Thirty-seven Ericsson shareholders are suing the Swedish telecoms company for a combined 1.8 billion Swedish crowns ($170 million), saying its CEO’s disclosure of activities in Iraq depressed the stock, business daily Dagens Industri reported o...
Posted: Aug 07, 2023
LJUBLJANA, Slovenia (AP) – Slovenia has faced the worst-ever natural disaster in its history, Prime Minister Robert Golob said Saturday, after devastating floods caused damage estimated at half a billion euros ($550 million). The floods were “t...
Posted: Aug 07, 2023
A U.S. judge hearing the Justice Department’s antitrust lawsuit accusing Google of unlawfully maintaining monopolies in the internet search market let stand key claims made by the federal government. Google, a unit of Alphabet, had asked for su...
Posted: Aug 07, 2023
Oxycontin maker Purdue Pharma on Friday asked the U.S. Supreme Court to reject the U.S. Department of Justice’s request to delay its multi-billion-dollar bankruptcy settlement resolving thousands of lawsuits against it over the opioid epidemic....
Posted: Aug 07, 2023
The Japanese government is preparing to start releasing treated wastewater from the Fukushima nuclear disaster site into the sea as early as late August, local newspapers including the Yomiuri Shimbun reported. Prime Minister Fumio Kishida will meet...
Posted: Aug 07, 2023
Social media influencer Kai Cenat is facing charges of inciting a riot and promoting an unlawful gathering in New York City, after the online streamer drew thousands of his followers, many of them teenagers, with promises of giving away electronics,...
Posted: Aug 07, 2023
Flooding in northwest Tennessee and western Kentucky has shut down roads and prompted some home evacuations. Several inches of rain fell over 24 hours in the region along the Mississippi River, causing flash flooding. Residents in the Green Acres mob...
Posted: Aug 07, 2023
A federal appeals court on Friday upheld a 2021 Connecticut law that eliminated the state’s longstanding religious exemption from childhood immunization requirements for schools, colleges and day care facilities. The decision comes about a year...
Posted: Aug 07, 2023
The A.M. Best financial rating firm has downgraded the financial strength rating of the Alabama Municipal Insurance Corp., citing weather losses as well as law enforcement liability costs. “AMIC’s law enforcement liability segment has bee...
Posted: Aug 07, 2023
The A.M. Best financial rating firm has downgraded the financial strength rating of the Alabama Municipal Insurance Corp., citing weather losses as well as law enforcement liability costs. “AMIC’s law enforcement liability segment has bee...
Posted: Aug 07, 2023
Cleanup from a chemical spill and fire near Interstate 24 in Tennessee will take several days, after the interstate was shut down and nearby homes evacuated overnight on Thursday. Emergency responders were called to the scene just after 9 p.m. …...
Posted: Aug 07, 2023
A beloved bookstore in Vermont`s small capital city moved across the street to a new spot farther from the Winooski River after an ice jam sent river water into the store in 1992. A nearby office supply and gift store …
Posted: Aug 07, 2023
Carlyle Group Inc. is engaged in a “critical strategic effort” to manage costs and boost profit margins, Chief Executive Officer Harvey Schwartz said Wednesday after the firm posted a 26% drop in second-quarter earnings. Some of the volat...
Posted: Aug 07, 2023
A judge has ordered criminal charges dropped against the final executive accused of lying about problems building two nuclear reactors in South Carolina that were abandoned without generating a watt of power. The judge tossed the charges Wednesday be...
Posted: Aug 07, 2023
A judge has ordered criminal charges dropped against the final executive accused of lying about problems building two nuclear reactors in South Carolina that were abandoned without generating a watt of power. The judge tossed the charges Wednesday be...
Posted: Aug 07, 2023