Insurance Journal
A 2015 Listeria outbreak linked to ice cream sold by Blue Bell Creameries hospitalized 10 people and killed three. While those injuries and deaths were certainly “bodily injuries,” a lawsuit filed by investors against Blue Bell’s bo...
Posted: Jul 12, 2023
Inflation, new technology, evolving legislation and hackers for hire are just a few of the exposures facing professional services firms including management consultants, auditors, accountants, architects, engineers, solicitors and lawyers and media e...
Posted: Jul 12, 2023
Polluters like water or energy companies that befoul UK rivers and seas or spill waste will face unlimited penalties and tougher sanctions, according to expanded government legislation announced on Wednesday. The government plans to scrap the current...
Posted: Jul 12, 2023
Canada’s banking regulator on Tuesday proposed changes to capital adequacy guidelines that would require lenders and mortgage insurers to hold more funds to better manage risks from a sharp rise in home loan rates. Variable home loan rates have...
Posted: Jul 12, 2023
Deutsche Bank AG, Commerzbank AG and ING Groep NV are among dozens of companies worldwide whose client data were compromised when a criminal hacking group exploited a security flaw in a file transfer tool. The attackers obtained access to data …...
Posted: Jul 12, 2023
Hackers suspected of working for Russia’s foreign intelligence agency targeted dozens of diplomats at embassies in Ukraine with a fake used car advert in a bid to break into their computers, according to a cybersecurity firm report seen by Reut...
Posted: Jul 12, 2023
The insurer Swiss Re said on Wednesday that it planned to promote its deputy chairman Jacques de Vaucleroy to the role of permanent chairman of the board after his predecessor Sergio Ermotti resigned to lead UBS. The reshuffle is part …
Posted: Jul 12, 2023
One of the world’s top insurers is mulling offloading its property reinsurance business in a bid to cut its exposure to natural disasters like hurricanes, according to three people familiar with the matter. French insurer AXA SA has been discus...
Posted: Jul 12, 2023
The U.S. Food and Drug Administration (FDA) on Tuesday classified the recall of certain electrosurgery tools manufactured by a Johnson & Johnson unit as “most serious,” saying their use could lead to injuries or death. The U.S. health...
Posted: Jul 12, 2023
A federal appeals court on Tuesday revived a lawsuit against Royal Caribbean Cruises by the parents of an 18-month-old girl who died after slipping through her grandfather’s hands and falling through an open cruise ship window. The 11th U.S. Ci...
Posted: Jul 12, 2023
A federal appeals court has affirmed a lower court ruling that a Scottsdale Insurance commercial policy for a community center excludes almost all non-weather water damage. It’s the type of “infuriating” exclusion that plaintiffs...
Posted: Jul 12, 2023
Not even $12 million worth of fines is enough to stop a Jersey Shore town from bulldozing sand on its beach to bolster eroded spots in defiance of state environmental officials. The New Jersey Department of Environmental Protection says North …
Posted: Jul 12, 2023
LP Insurance Services, headquartered in Reno, Nev., promoted Trinity Steelman to chief operating officer. Founding COO, Joe Wyatt, retired on July 1. Steelman is responsible for the daily operations throughout the LP Insurance footprint. She continue...
Posted: Jul 12, 2023
A Connecticut homeowner who is being sued by a woman who alleges his dog bit her in the face is not entitled to insurance coverage because his home insurance application, which was completed by his insurance agent, indicated he did …
Posted: Jul 12, 2023
A man and two teenagers riding in a buggy pulled by a horse were seriously injured in a crash with a minivan over the weekend, authorities said. State police in Centre County say the minivan struck the rear of the …
Posted: Jul 12, 2023
One month after it announced it would stop writing new homeowner policies in Florida, Farmers Insurance now says it plans to cut back further on its presence in the hurricane-prone state. The Florida Office of Insurance Regulation said Tuesday that &...
Posted: Jul 11, 2023
One month after it announced it would stop writing new homeowner policies in Florida, Farmers Insurance now says it plans to cut back further on its presence in the hurricane-prone state. The Florida Office of Insurance Regulation said Tuesday that &...
Posted: Jul 11, 2023
Multiple, minor earthquakes have been reported in western North Carolina in recent months but now they’re being felt in Tennessee and Virginia, the U.S. Geological Survey has reported. A 2.2-magnitude quake happened Friday evening near Seviervi...
Posted: Jul 11, 2023
Gary Gensler’s Securities and Exchange Commission is filling the crypto regulatory void, and the industry and its backers on Capitol Hill have so far been unable to check him. The tide was supposed to turn when Republicans gained control over &...
Posted: Jul 11, 2023
Stephens Insurance LLC has named Mark Green, of Alabama, as senior vice president for cyber risk, the company announced. Stephens, headquartered in Little Rock, Arkansas, said Green has more than 20 years of experience in the insurance business, most...
Posted: Jul 11, 2023
WTW announced the appointment of Juan Mascaro as hospitality segment leader, a part of the Real Estate, Hospitality, and Leisure Division within Corporate Risk and Broking (CRB), North America. Mascaro has more than two decades of insurance industry...
Posted: Jul 11, 2023
Twelve homes were evacuated in a Los Angeles-area city after a major ground shift put them at risk of collapse, officials said. Janice Hahn, chair of the Los Angeles County Board of Supervisors, visited Rolling Hills Estates, a city 19 …
Posted: Jul 11, 2023
Lawyers for a California man who says he developed a rare cancer from exposure to asbestos in Johnson & Johnson’s talc-based baby powder on Monday urged a jury to order the company to pay heavy punitive damages, calling its conduct …
Posted: Jul 11, 2023
Online insurance agency EverQuote will lay off nearly 100 employees at its Evansville, Indiana office as part of plans to reduce its non-marketing operating expenses by over 15%. A Worker Adjustment and Retraining Notification (WARN) submitted to the...
Posted: Jul 11, 2023
Since workers’ compensation shields an employer from liability, an insurer may not be able to rely on an employer liability exclusion in a commercial general liability policy to avoid claims. That’s the potentially costly message a federa...
Posted: Jul 11, 2023