Insurance Journal
The 8th Judicial District Court of Nevada has ordered Friday Health Plans of Nevada into receivership and appointed Nevada Insurance Commissioner Scott Kipper as Receiver. Kipper initiated the petition for receivership on June 1 with the company̵...
Posted: Jun 21, 2023
The Kansas Insurance Department distributed $16.8 million to firefighters across the state, funds generated by a two percent tax paid by insurance companies on fire and lightning insurance premiums written in Kansas. The Kansas Firefighters Relief Ac...
Posted: Jun 21, 2023
The U.S. Equal Employment Opportunity Commission (EEOC) announced a suit it filed against Munster Medical Research Foundation, Inc., operators of Community Hospital, located in Munster, Indiana, for failing to accommodate an employee with a disabilit...
Posted: Jun 21, 2023
The Texas power grid operator urged homes and businesses to conserve electricity on Tuesday evening to prevent power reserves from falling short as consumers crank up their air conditioners to escape the first heat wave of the summer season. Power &#...
Posted: Jun 21, 2023
Soon after U.S. Department of Labor workplace safety inspectors arrived at a Family Dollar store in southeast Van Zandt County in December 2022, they found the store’s operator allowing merchandise to block storeroom exits and walkways, stackin...
Posted: Jun 21, 2023
The US Federal Trade Commission sued Amazon.com Inc. Wednesday, alleging the e-commerce giant duped consumers into signing up for its Prime membership service and deliberately made it hard to cancel. The consumer protection agency filed a lawsuit in...
Posted: Jun 21, 2023
Patterson Named Shareholder in Meadors, Adams & Lee Insurance Agency Meadors, Adams & Lee has named J.K. Patterson a shareholder. Patterson, who joined the agency as a property and casualty producer in 2014, is just the seventh shareholder in...
Posted: Jun 21, 2023
U.S. Senate Majority Chuck Schumer on Wednesday will call for “comprehensive legislation” to advance and ensure safeguards on artificial intelligence (AI). Governments around the world are considering how to mitigate the dangers of the em...
Posted: Jun 21, 2023
The London Metal Exchange canceled $12 billion worth of trades when nickel prices went haywire in March 2022 to “save” China’s Tsingshan, lawyers for two financial firms suing the exchange told London’s High Court on Tuesday....
Posted: Jun 21, 2023
Twitter Inc. employees sued the social media company claiming it refuses to pay 2022 bonuses, despite promises that they would be paid out at 50% of their target amounts. Twitter has a cash performance bonus plan that is paid out …
Posted: Jun 21, 2023
Rapidly melting glaciers in Asia’s Hindu Kush Himalayan region — home to the world’s highest mountains — are threatening the lives and livelihoods of as many as two billion people downstream, according to a new study. The glaciers thawed...
Posted: Jun 21, 2023
Howden, the London-based insurance broker, announced it has expanded its offering in Switzerland with the acquisition of insurance brokers argenius Risk Experts AG (argenius) and RVA Versicherungsbroker AG (RVA). Born Consulting AG, which has been pa...
Posted: Jun 21, 2023
Aon, Lloyd’s and Vienna Insurance Group (VIG) announced they are collaborating to provide foreign re/insurance capacity to support Ukraine’s recovery and reconstruction. As part of the UK-Ukraine Private Finance Partnership, Lloyd’s...
Posted: Jun 21, 2023
Authorities have identified five people who died in a mobile home fire in a rural North Carolina town as a husband and wife, a family friend and his two young sons. The Harnett County Sheriff’s Office identified the victims as …
Posted: Jun 21, 2023
Tropical Storm Bret formed in the central Atlantic Ocean on Monday, with forecasters saying it could pose a hurricane threat to the Lesser Antilles by Thursday and the Dominican Republic and Haiti by the weekend. The National Hurricane Center in R...
Posted: Jun 21, 2023
On this episode of The Insuring Cyber Podcast, two InsurTech CEOs shared their perspectives on InsurTech’s role in the insurance industry, and both agreed that disruption was never the goal. Rob Schimek, CEO of bolttech, and Rick McCathron, CEO...
Posted: Jun 21, 2023
Increased punishments for intentionally damaging utility equipment received final legislative approval Thursday in North Carolina after attacks on the state’s electrical grid caused a dayslong blackout last December. The bill passed unanimously...
Posted: Jun 21, 2023
LIV Golf leader Greg Norman and his wife are being sued by a high school girl who says she was sexually assaulted at their Florida home by two boys during a party where alcohol was served to her, her alleged …
Posted: Jun 21, 2023
A fire that started in a New York City e-bike shop early Tuesday spread to upper-floor apartments, killing four people and injuring several others, authorities said. City fire officials said the blaze was reported shortly after midnight on the Lower...
Posted: Jun 21, 2023
Severe weather created when a stationary front trapped warm, humid air over Texas and the Southeast caused an estimated $5.5 billion in insured losses, Karen Clark & Co. said in a briefing on Tuesday. KCC said there were dozens of …
Posted: Jun 21, 2023
SiriusPoint has seen a cluster of challenges over the past two years—ranging from an incomplete merger integration to persistent underwriting and investment losses to several leadership shake-ups. First the merger: Third Point Re merged with Sirius I...
Posted: Jun 21, 2023
In the days before hedge fund manager Daniel Loeb decided to drop its buyout of SiriusPoint, Carrier Management asked analysts at AM Best and Fitch Ratings about the pros and cons of taking insurers and reinsurers private. Sridhar Manyem, senior R...
Posted: Jun 21, 2023
Demand isn’t an issue for the solar industry. The challenges lie with fulfilling demand with more skilled labor, more technology, and more sites. While the Inflation Reduction Act (IRA), a freeze of potential tariffs, and more robust supply cha...
Posted: Jun 21, 2023
Insurance broker World Insurance Associates LLC (reports it acquired the business of B. R. Alexander & Co., Inc. of Boston, Massachusetts on May 1, 2023. Terms of the transaction were not disclosed. B. R. Alexander was founded in 1937. The …...
Posted: Jun 21, 2023
This post is part of a series sponsored by AgentSync. More than 400 insurance professionals – state, federal, and international regulators; P&C, life, and health carriers; insurtech entrepreneurs; and college students representing the next genera...
Posted: Jun 21, 2023