Insurance Journal
In late June, one of cybersecurity expert Steven Adair’s clients got an alert from Microsoft: one of the client’s employees working on human rights issues had their email account compromised. The client wanted to know if Adair could get t...
Posted: Jul 14, 2023
Families of 20 Gambian children who died after consuming cough syrups made in India will take their government to court this month for allegedly mishandling drug imports – a rare step in one of Africa’s poorest countries, where few have …
Posted: Jul 14, 2023
The Clear Group, the London-based independent broker, announced the acquisition of One Commercial Specialty Ltd., a speciality lines managing general agent. This represents the Clear Group’s second MGA deal and is a continuation of its strategy...
Posted: Jul 14, 2023
A New York state appellate court has upheld the constitutionality of the Child Victims Act (CVA) which granted a one year extension of the state’s statute of limitations for victims of childhood sexual abuse to bring civil actions. The court &#...
Posted: Jul 14, 2023
Remote work risks wiping $800 billion from the value of office buildings in major cities, highlighting the potential losses that landlords are facing from post-pandemic changes in employment trends. COVID-19’s push toward hybrid work has driven...
Posted: Jul 14, 2023
A top buyer of Russian oil is bracing for trading trouble as the price of Urals, the country’s main export grade, breaks through a $60-a-barrel cap set by Western nations to curb Moscow’s revenue. India and China have been the …
Posted: Jul 14, 2023
LITTLE ROCK, Ark. (AP) – Medical marijuana sales in Arkansas are on track to set a new record this year, state officials said. From January through June, patients spent $141 million to buy a little more than 29,000 pounds of …
Posted: Jul 14, 2023
While no one directly asked the question of this article’s headline at the S&P Global Ratings June annual insurance conference, the prospect that an outlook change is near came into view during the industry meeting. During a panel on proper...
Posted: Jul 14, 2023
MADISON, Wis. (AP) – A 16-year-old boy killed in an accident at a Wisconsin sawmill appears to have been doing work allowed by state child labor laws when he was injured, police records obtained Tuesday show. Michael Schuls was attempting …
Posted: Jul 14, 2023
CHICAGO (AP) – A tornado touched down Wednesday evening near Chicago’s O’Hare International Airport, prompting passengers to take shelter and disrupting hundreds of flights. There were no immediate reports of injuries. A confirmed tornado...
Posted: Jul 14, 2023
After four years of unparalleled underwriting profitability ending in 2021, the property/casualty market is headed for a second straight year of underwriting losses, according to the newly released S&P Global Market Intelligence report. S&P&#...
Posted: Jul 14, 2023
The U.S. Federal Trade Commission has opened an investigation into OpenAI on claims it has run afoul of consumer protection laws by putting personal reputations and data at risk, the strongest regulatory threat to the Microsoft-backed startup yet. Th...
Posted: Jul 14, 2023
Like a sports league deciding to make greater use of in-game instant replay on crucial calls, the Florida Supreme Court has made it a little easier for hospitals and other medical malpractice defendants to challenge expert witnesses’ qualificat...
Posted: Jul 14, 2023
Like a sports league deciding to make greater use of in-game instant replay on crucial calls, the Florida Supreme Court has made it a little easier for hospitals and other medical malpractice defendants to challenge expert witnesses’ qualificat...
Posted: Jul 14, 2023
Steve Bannon must pay nearly $500,000 in outstanding legal fees to his former attorneys, a New York judge ruled. Bannon, a longtime ally of former President Donald Trump and far-right strategist, was sued earlier this year for allegedly stiffing the...
Posted: Jul 14, 2023
Nexus Underwriting completed its acquisition of Evolve Cyber Insurance Services in California. Evolve is a cyber managing general agency. The company operates out of offices in California, New York, and Texas, and has more 3,000 broking partners nati...
Posted: Jul 14, 2023
On July 21, when the New York Yankees open their first homestand after the All Star break, the players’ famous uniforms will look a bit different. They will sport a Starr Insurance logo on the sleeve. The insurer’s jersey patch …
Posted: Jul 14, 2023
Kin is expanding into Arizona, marking the digital insurer’s first move into the U.S. Southwest. Kin is a direct-to-consumer digital insurer focused on the growing homeowners insurance market. It is a licensed carrier that offers coverage throu...
Posted: Jul 14, 2023
Tech and social media giants like Facebook, Amazon and Google bear responsibility for radicalizing the Buffalo supermarket shooter, who was fueled by racist conspiracy theories he encountered online, the victim’s relatives said in a lawsuit fil...
Posted: Jul 14, 2023
Sean Cooper has been named executive vice president and chief actuary at the Workers’ Compensation Insurance Rating Bureau of California, headquartered in Oakland, Calif. Cooper succeeds Dave Bellusci, who retired from the WCIRB after 33 years....
Posted: Jul 14, 2023
ST. LOUIS (AP) __ The federal government and companies responsible for nuclear bomb production and atomic waste storage sites in the St. Louis area in the mid- 20th century were aware of health risks, spills, improperly stored contaminants and other...
Posted: Jul 13, 2023
EMERSON, Ark. (AP) – Forecasters warned Wednesday of possible life threatening flash flooding in parts of southern Arkansas and northern Louisiana as heavy rain battered the region. The National Weather Service urged residents in four towns in Arkans...
Posted: Jul 13, 2023
CHARLOTTE, N.C. July, 13, 2023 – Over the last month, Amwins Underwriting has introduced some new faces as well as promoted within the organization. Our people are our greatest asset, and we remain committed to supporting our clients and carrie...
Posted: Jul 13, 2023
A bill to make large companies in California disclose their emissions is worth a watch in all states. The moving through California Legislature – it passed the Assembly Natural Resources Committee this week – could set a stage in other …
Posted: Jul 13, 2023
Incline P&C Group Hires Gorney as COO Incline P&C Group, headquartered in Austin, Texas, appointed George Gorney as chief operating officer. Gorney joins Incline from U.S. Risk Insurance Group, where he previously held the role of chief infor...
Posted: Jul 13, 2023