Insurance Journal
This edition of International People Moves details appointments at Liberty Specialty Markets and Guy Carpenter. A summary of these new hires follows here. Liberty Specialty Markets Names AXA XL’s Prato as London President Liberty Specialty Mark...
Posted: Jun 20, 2023
Former Nissan chairman Carlos Ghosn has sued the company for more than $1 billion in a lawsuit filed to Lebanon’s public prosecutor last month, according to a copy of the lawsuit seen by Reuters. The lawsuit filed on May 18 …
Posted: Jun 20, 2023
There is an ongoing global threat posed by toxic cough syrups, the World Health Organization (WHO) told Reuters, saying it was now working with six more countries than previously revealed to track the potentially deadly children’s medicines. Th...
Posted: Jun 20, 2023
U.S. auto safety regulators are investigating nearly 40,000 Hyundai Ioniq 5 electric vehicles over reports of power loss while driving tied to a battery charging issue. The National Highway Traffic Safety Administration’s preliminary investigat...
Posted: Jun 20, 2023
What happens when an insurance carrier, its underwriter, a broker and the insured all forget to make sure a sublimit endorsement on wind-driven rain losses is included in a multi-million dollar property policy? In the case of a Liberty Mutual …
Posted: Jun 20, 2023
Insurance broker World Insurance Associates LLC announced that it acquired substantially all the insurance assets of Bryant Asset Protection, Inc. of Slingerlands, Terms of the transaction were not disclosed. BAP was founded in 1951 by Charles Bryant...
Posted: Jun 20, 2023
California workers’ compensation private self-insured claim frequency rose 6% last year as both medical-only and indemnity claim volume increased, but a new report suggests that many of the claims may have been low-cost COVID-19 cases. A Califo...
Posted: Jun 20, 2023
Federal officials report they have charged two construction company owners with submitting fraudulent bonds in connection with storm recovery and reconstruction projects in New York. Rawinder Dhillon and Amninder Singh allegedly defrauded the New Yor...
Posted: Jun 20, 2023
Insurance professionals specializing in cannabis across the nation in the last few years have gone from few and far in between to too many to count as cannabis evolves into a mature industry – and it builds a clearer claims …
Posted: Jun 20, 2023
The University of Delaware has agreed to pay $6.3 million to settle a lawsuit over its campus shutdown in 2020 and the halting of in-person classes because of the coronavirus pandemic. According to court papers that were filed this month …
Posted: Jun 20, 2023
The Bank of England has launched its first system-wide liquidity ‘stress test’ to establish how big banks, insurers, clearing houses and investment funds respond collectively during extreme stresses in markets, it said on Monday. The BoE...
Posted: Jun 19, 2023
MINNEAPOLIS (AP) – The Justice Department alleged Friday that Minneapolis police have systematically discriminated against Black and Native American people for years and often violated constitutional rights following a sweeping investigation th...
Posted: Jun 19, 2023
In early June, sporadic but serious service disruptions plagued Microsoft’s flagship office suite – including the Outlook email and OneDrive file-sharing apps – and cloud computing platform. A shadowy hacktivist group claimed responsibility, sa...
Posted: Jun 19, 2023
PERRYTON, Texas (AP) – As Sabrina Devers watched what would turn out to be a deadly storm approach her ranch just north of the Texas Panhandle town Perryton, she first spotted golf ball-sized and then softball-sized hail. Then, Devers said, ...
Posted: Jun 19, 2023
Louisiana homeowners will soon be able to apply for grants to retrofit their roofs to beyond-code construction standards, spurring discounts to their insurance premiums. State lawmakers appropriated $30 million to the Louisiana Fortify Homes Program...
Posted: Jun 19, 2023
Claims involving lightning in 2022 resulted in homeowners insurance payouts approaching $1 billion, according to the Insurance Information Institute. The total value of claims in 2022 attributable to lightning was $952 million, down from $1.3 billion...
Posted: Jun 19, 2023
AKRON, Ohio (AP) – The eight police officers who shot Jayland Walker last summer used excessive force when they fired 94 bullets at him during a foot chase and participated in a “culture of violence and racism” within Akron’s...
Posted: Jun 19, 2023
AKRON, Ohio (AP) – The eight police officers who shot Jayland Walker last summer used excessive force when they fired 94 bullets at him during a foot chase and participated in a “culture of violence and racism” within Akron’s...
Posted: Jun 19, 2023
A 29-year-old worker suffered the amputation of a fingertip while reassembling a pump at a Hostess Brands LLC facility in Chicago, an injury the employer could have prevented by ensuring to shut down and lockout the equipment to prevent it …
Posted: Jun 19, 2023
The railroad industry sued to block new environmental rules in California, arguing they would force the premature retirement of about 25,000 diesel-powered locomotives across the country long before their zero-emission counterparts are ready to take...
Posted: Jun 19, 2023
A 71-year-old man was arrested Friday on suspicion of starting a forest fire that destroyed more than 100 homes last year near Yosemite National Park, California fire authorities said. Edward Fredrick Wackerman, of Mariposa, was arrested on suspicion...
Posted: Jun 19, 2023
The swimming pool deck of a beachfront South Florida condominium that collapsed two years ago, killing 98 people, failed to comply with the original building codes and standards, did not stick to the original design, and had many areas of …
Posted: Jun 19, 2023
Damaging winds and possible tornadoes toppled trees, damaged buildings and blew cars off a highway Wednesday as powerful storms crossed the South from Texas to Florida to Georgia late last week. The National Weather Service issued numerous tornado wa...
Posted: Jun 19, 2023
Thinksurance, a Frankfurt, Germany-headquartered insurtech specializing in digital insurance consultations for commercial and industrial clients in Europe, has raised $24 million in new funding. The capital comes from new investors as well as existin...
Posted: Jun 19, 2023
Britain’s main opposition Labour Party on Monday pledged to turn the country into a clean energy superpower by 2030, saying it would overturn a ban on new onshore wind farms while respecting any oil and gas licenses granted before the …
Posted: Jun 19, 2023