Insurance Journal

UN Climate Alliance Scraps Emissions Rules for Insurers After Exodus

The Net-Zero Insurance Alliance (NZIA) has ditched all requirements for members to set or publish greenhouse gas emission-reduction targets, the U.N. said on Wednesday, a major rewrite of its rules after U.S. political pressure led to a member exodus...

Posted: Jul 06, 2023

Association of British Insurers Pushes Members to Act on Biodiversity Loss

A British insurance group is pushing its members, which include Allianz SE, Aviva Plc and Chubb Ltd., to step up their efforts to fight biodiversity loss as part of their broader climate-related goals. In a guide published Tuesday, the Association &#...

Posted: Jul 06, 2023

Mondelez Voluntarily Recalls Two Varieties of belVita Biscuits

Mondelez International’s subsidiary has voluntarily recalled two varieties of belVita Breakfast Sandwich biscuits in the U.S. over possible undeclared peanut in the products. Mondelez Global LLC said on Monday that these products sold at retail...

Posted: Jul 06, 2023

Liberty Mutual, Auto-Owners See DPW Jump in Q1

Though the U.S. commercial auto insurance industry’s 2022 combined ratio came in above 100 for the fourth time in five years, Liberty Mutual and Auto-Owners started 2023 with double-digit growth in direct premiums, according to S&P Global M...

Posted: Jul 06, 2023

Analytics Company Says Law Firms Using Google Searches to Drive Litigation

National law firms are investing $10 million to $12 million annually each to direct Google searches to websites that they control in an effort to find new clients to file lawsuits against insurance companies, according to 4Warn, a New Hampshire-based...

Posted: Jul 06, 2023

Washington Insurance Commissioner Issues $40K in Fines For Violations

Washington Insurance Commissioner Mike Kreidler issued $40,863 in fines in June against insurance companies and insurance producers for violations of state insurance laws and regulations. Following are the parties fined and their reported violations:...

Posted: Jul 06, 2023

11 People Charged in Alleged $8M Delaware Valley Catalytic Converter Theft Ring

A Philadelphia towing firm and 10 adults one juvenile have been charged in what prosecutors say is a multi-million dollar theft ring that targeted catalytic converters in the Delaware Valley region. The Bucks County District Attorney’s office i...

Posted: Jul 06, 2023

Big I Releases Video Statement From Chairman Costello on Rusbuldt

The Independent Insurance Agents and Brokers of America (The Big I) on Wednesday released a video statement from Chairman John Costello related to the organization’s move to relinquishing retiring chief executive Bob Rusbuldt of his duties imme...

Posted: Jul 05, 2023

Help Arrives to Battle Growing Wildfire in Washington

Authorities have more than doubled the number of people battling a wildfire that has burned structures and forced the evacuation of homes in southwestern Washington near the Columbia River Gorge. The blaze that began Sunday in the unincorporated area...

Posted: Jul 05, 2023

TIPOGNO Installs 2023-2024 Officers and Board of Directors

The Insurance Professionals of Greater New Orleans (TIPOGNO) installed the 2023-2024 Officers and Board of Directors at their 80th Annual Installation Dinner on Thursday, June 29, 2023. TIPOGNO is a dynamic group of insurance professionals that meet...

Posted: Jul 05, 2023

Texas Oilfield Services Firm Sued for Race and National Origin Discrimination

Liberty Energy, Inc. doing business as Liberty Oilfield Services, LLC, subjected three mechanics to discrimination and harassment at an Odessa, Texas facility, the U.S. Equal Employment Opportunity Commission (EEOC) charged in a lawsuit. According to...

Posted: Jul 05, 2023

Theft is on the Rise: Is your construction site secure?

This post is part of a series sponsored by IAT Insurance Group. Here are two true claims stories: In Dallas, a 2018 Lincoln Ranger Welder and tools in a 20-foot container were stolen from an elementary school jobsite. Since the …

Posted: Jul 05, 2023

Insurtech Honeycomb Given Approval to Write Policies in Indiana

The Indiana Department of Insurance has given Honeycomb Insurance approval to write policies statewide. The digital insurer has built proprietary technology offering comprehensive insurance coverage for apartment buildings, condominium associations,...

Posted: Jul 05, 2023

Western Michigan Fireworks Explosion Kills Woman, Damages Several Homes and Vehicles

PARK TOWNSHIP, Mich. (AP) __ A fireworks explosion in western Michigan killed one woman left nine other people with injuries ranging from critical to minor, the Ottawa County Sheriff`s Department said. The explosion happened Monday, but a news releas...

Posted: Jul 05, 2023

Springfield, Illinois Residents Go Days Without Power After ‘Widespread, Devastating’ Derecho Winds

SPRINGFIELD, Ill. (AP) – The fierce derecho that tore through Springfield late last week snapped massive utility poles and trees, causing widespread power outages that are expected to leave many homes in the dark for several more days, official...

Posted: Jul 05, 2023

Law Firms Are Recruiting More AI Experts as Clients Demand ‘More for Less’

Chatbots, data scientists, software engineers. As clients demand more for less, law firms are hiring growing numbers of staff who’ve studied technology not tort law to try and stand out from their rivals. Law firms are advertising for experts i...

Posted: Jul 05, 2023

Twitter Settles Retaliation Claim Over Return to Office Protest

Twitter has settled with a former employee who US labor board prosecutors concluded was illegally punished for protesting its return-to-office mandate. Software engineer Alexis Camacho claimed the company put them on administrative leave in retaliati...

Posted: Jul 05, 2023

Mississippi Farms To Pay Back Wages After Favoring Immigrants over Local Workers

Forty-four farms in Mississippi exploited local Black workers by paying higher wages to immigrants who were in the United States on temporary work visas, the U.S. Labor Department said Wednesday. The department announced it completed investigations t...

Posted: Jul 05, 2023

Crack in NC Roller Coaster Support Reminder of Amusement Park Risks

A visible crack in the support beam of a North Carolina roller coaster served as a reminder of the risks that sometimes arise with amusement park rides, particularly as families and adrenaline junkies flock to the attractions in summer. Video …

Posted: Jul 05, 2023

Skittles Maker Wrigley Settles With Cannabis Company Over Trademark

Wrigley, the maker of multi-colored fruit-flavored Skittles candies, has settled a lawsuit accusing a seller of cannabis-related merchandise of trademark infringement for marketing products under the “ZKITTLEZ” name. Under a proposed perm...

Posted: Jul 05, 2023

Vermont Workers’ Comp Changes, Including for Children and Firefighters, Now in Effect

Vermont’s workers’ compensation benefits for temporary total disability and for dependent children, as well as the work search requirement for injured workers returning to the job market, changed starting July 1, 2023, the result of new l...

Posted: Jul 05, 2023

People Moves: Hearn to Step Down as Inver Re’s CEO; TMK Taps Munich Re’s Partridge as Cargo U/W in L...

This edition of International People Moves details executive changes and appointments at Inver Re, Tokio Marine Kiln and Chubb. A summary of these new hires follows here. Hearn to Step Down as Inver Re’s CEO Inver Re, the reinsurance broking &#...

Posted: Jul 05, 2023

Be Kind, Rewind: How a Blockbuster-Era Law Is Still Being Used in Data Privacy Disputes

A 1988 law regarding video rentals is still affecting the legal, and even the insurance and technology landscape, today. The Video Privacy Protection Act was enacted in 1988 after judge and U.S. Supreme Court nominee Robert Bork found that a …

Posted: Jul 05, 2023

Ransomware Attack Hits Japan’s Biggest Port, Disrupting Cargo Shipments

Japan’s biggest maritime port was crippled by an alleged Russian cyberattack, disrupting cargo as operators rushed to prevent a wider delay in shipments. Ransomware — used by hackers to lock access to files or systems unless a payment is made &...

Posted: Jul 05, 2023

Earth Keeps Breaking Temperature Records, Underscoring Dangers of Global Warming

Global temperatures have smashed through records this week, underscoring the dangers of ever-increasing greenhouse gas emissions generated from burning fossil fuels. The average worldwide temperature reached 17C (63F) on Monday, just above the previo...

Posted: Jul 05, 2023