Insurance Journal
The state of Nevada has reached a $285 million settlement with Walgreens regarding the pharmacy chain`s role in the opioid epidemic, the state`s top lawyer announced. The last in a series of multiyear settlements with pharmaceutical companies, retail...
Posted: Jul 07, 2023
The confidential documents stolen from schools and dumped online by ransomware gangs are raw, intimate and graphic. They describe student sexual assaults, psychiatric hospitalizations, abusive parents, truancy — even suicide attempts. “Pl...
Posted: Jul 07, 2023
Two firefighters were killed battling a blaze that began when cars caught fire deep inside a cargo ship carrying 5,000 cars at a New Jersey port, Newark`s fire chief said Thursday. Responding firefighters found five to seven vehicles already on ̷...
Posted: Jul 07, 2023
Ukraine’s wartime defense spending will remain high next year, underscoring the need for allies to provide war-risk insurance to help attract investment, the nation’s finance minister said. “Without international support, without wa...
Posted: Jul 07, 2023
Siemens Energy’s disclosure of quality issues in its newer wind turbine models has exposed broader challenges in a sector suffering from rushed development, soaring materials costs and a flawed market design. Siemens Energy shocked the wind sec...
Posted: Jul 07, 2023
Insurance broker World Insurance Associates announced that it acquired the business of Schlegel & Schlegel Insurance Brokers Inc. of West Yarmouth, Massachusetts on July 1, 2023. Schlegel & Schlegel has been providing home, auto and business...
Posted: Jul 07, 2023
Dozens of Vermont school districts have sued chemical giant Monsanto over toxic contamination in educational buildings from now-banned industrial chemicals known as PCBs. Last year, Vermont became the first state in the country to require older schoo...
Posted: Jul 07, 2023
Generali has agreed to buy Connecticut-based asset manager Conning Holdings as part of a partnership with Cathay Life, a unit of Taiwan’s Cathay Financial Holding, the Italian insurer said on Thursday. The deal, structured as an exchange of ass...
Posted: Jul 07, 2023
Chinese authorities are likely to announce a fine of at least 8 billion yuan ($1.1 billion) on Ant Group as soon as Friday, sources with direct knowledge of the matter said, bringing an end to the fintech company’s years-long regulatory …
Posted: Jul 07, 2023
Chinese authorities announced on Friday a 7.12 billion yuan ($984 million) fine for Ant Group, ending a years-long regulatory overhaul of the fintech company and marking a key step to concluding a crackdown on the country’s internet sector. Chi...
Posted: Jul 07, 2023
The longer the maturity and the lower the coupon, the more sensitive the note/bond price is to changes in interest rates. To pause and reflect for a moment on what we’ve discuss so far, the price of the bonds held …
Posted: Jul 07, 2023
Global leaders are racing to salvage an international deal to allow Ukraine’s grain shipments by sea before it expires in less than two weeks. They face a key problem: the pact, already extended three times, is nearly defunct. The nation’...
Posted: Jul 07, 2023
A group of 25 Republican state attorneys general Thursday urged the Biden administration to abandon its proposal to sharply cut vehicle tailpipe emissions, which would require dramatically more electric vehicles, saying it would harm the economy and...
Posted: Jul 07, 2023
Colorado State University (CSU) hurricane researchers have upped their hurricane season forecast. An above average Atlantic hurricane season is now expected for 2023, though there is a greater level of uncertainty than normal. The CSU team now predic...
Posted: Jul 07, 2023
The South Carolina Safe Home wind mitigation program has been revised to allow higher grant awards. The South Carolina Department of Insurance said in a bulletin this week that the program, which helps homeowners fortify their homes to better resist...
Posted: Jul 07, 2023
An insurer that used CCC Intelligent Solutions software to determine the payout for a claimant’s vehicle did not violate a Florida law that sets forth only three methods that auto insurers may use to determine actual cash value, a divided ̷...
Posted: Jul 07, 2023
If a person’s right to bring a personal injury lawsuit has expired by the time of his or her death, the person’s estate is barred from bringing a wrongful death suit in Massachusetts for the benefit of the beneficiaries. The …
Posted: Jul 07, 2023
If a person’s right to bring a personal injury lawsuit has expired by the time of his or her death, the person’s estate is barred from bringing a wrongful death suit in Massachusetts for the benefit of the beneficiaries. The …
Posted: Jul 07, 2023
A Maryland board approved $2.9 million in compensation Wednesday for a man who was wrongly imprisoned for 32 years, including a decade on death row, for two murders he did not commit. John Huffington was pardoned by former Gov. Larry …
Posted: Jul 07, 2023
An explosion at a building housing public works equipment in a Pennsylvania township destroyed the structure and heavily damaged some nearby homes, but no injuries were reported. Officials in Lancaster County`s Rapho Township said six employees were...
Posted: Jul 07, 2023
Brian Keith Arteaga, 39, of Placentia, California, was arraigned this week on multiple felony counts of grand theft by embezzlement, theft of fiduciary funds, insurance fraud, and money laundering after a California Department of Insurance investigat...
Posted: Jul 07, 2023
Higginbotham has acquired Cress Insurance Group in Albuquerque, New Mexico. Higginbotham and Cress Insurance Group will come together to enhance service to the group’s 2,500 clients and serve a broader customer base in New Mexico. Higginbotham...
Posted: Jul 07, 2023
The National Labor Relations Board on Thursday sued Starbucks SBUX.O over the coffee chain’s refusal to rehire 33 workers as it reorganized three downtown Seattle stores, including its flagship store in Pike Place Market. In a petition filed in...
Posted: Jul 06, 2023
Oklahoma Insurance Commissioner Gled Mulready offered recovery tips following the severe storms that hit Tulsa over Father’s Day weekend, causing extensive damage, including fallen trees and widespread power outages. The storm has been far-reac...
Posted: Jul 06, 2023
OKLAHOMA CITY (AP) – Tulsa lacks the jurisdiction to prosecute a Native American man cited by police for speeding because the city is located within the boundaries of an Indian reservation, a federal appeals court ruled. The 10th U.S. Circuit &...
Posted: Jul 06, 2023