Insurance Journal
Assicurazioni Generali SpA has agreed to acquire a group of European businesses from US insurer Liberty Mutual Holding Co. for €2.3 billion ($2.5 billion). Liberty Mutual announced the sale of its Liberty Seguros subsidiary in a statement on Thursday...
Posted: Jun 15, 2023
A judge has given Erie Insurance and the Maryland insurance regulator 60 days to settle their differences related to allegations that the insurer unfairly discriminated against Black insurance agents in the Baltimore area and that the regulator acted...
Posted: Jun 15, 2023
Allstate Corp. today released estimated catastrophe losses for the month of May of $885 million or $699 million, after-tax. There were a dozen events in May causing $893 million in catastrophe losses, Allstate said, but about 70% of losses were ̷...
Posted: Jun 15, 2023
The operator of a north central Wisconsin meat and sausage manufacturing plant might have spared two employees from suffering serious hand injuries by following required machine safety standards, a U.S. Department of Labor investigation found. Inspec...
Posted: Jun 15, 2023
First MainStreet Insurance L.C. (FMSI), an affiliate of TrueNorth Companies L.C., announced the addition of four new agencies. Lauer & Lauer Insurance, based in West Union, Iowa was FMSI’s first acquisition of 2023. Established in 1954 and...
Posted: Jun 15, 2023
ALKEME announced the acquisition of the Daugherty Insurance Group, a Sugar Land, Texas- based full-service insurance agency. For over three decades, Daugherty Insurance Group has been focused on serving their loyal customers throughout Sugar Land and...
Posted: Jun 15, 2023
Nationwide General Insurance has avoided payment of a dog bite claim filed by a homeowner it insured who ran a firearms business out of his garage. A federal district court for Alabama ruled that the business exclusions in all three …
Posted: Jun 15, 2023
Nationwide General Insurance has avoided payment of a dog bite claim filed by a homeowner it insured who ran a firearms business out of his garage. A federal district court for Alabama ruled that the business exclusions in all three …
Posted: Jun 15, 2023
University of Nevada, Las Vegas announced the establishment of the Kerestesi Center for Insurance and Risk Management within the Lee Business School. The center, made possible through a $5 million gift from the Nevada Surplus Lines Foundation, will a...
Posted: Jun 15, 2023
A US labor board ruling on Tuesday laid the groundwork for drivers from Uber Technologies Inc. and Lyft Inc. and other gig workers to formally unionize – a still difficult but potentially transformative task. In a ruling concerning workers at …
Posted: Jun 15, 2023
The U.S. Department of Agriculture said Wednesday it hopes to weed out false or misleading animal-welfare claims on meat and poultry packaging with new guidance and testing. The claims – such as “pasture-raised,” “humanely raised,&#...
Posted: Jun 15, 2023
The U.S. Department of Agriculture said Wednesday it hopes to weed out false or misleading animal-welfare claims on meat and poultry packaging with new guidance and testing. The claims – such as “pasture-raised,” “humanely raised,&#...
Posted: Jun 15, 2023
The New York author who won a $5 million sexual abuse trial against Donald Trump was allowed to expand an earlier defamation lawsuit to add remarks he made about her on a CNN town hall and seek at least $10 …
Posted: Jun 15, 2023
The National Music Publishers’ Association sued Twitter Inc. Wednesday, alleging it violates the copyright of songwriters by using their music on its platform without permission. Twitter is one of the only major social media platforms that does...
Posted: Jun 15, 2023
Vineyards and apple orchards across the Northeast are still gauging damage from a late-season frost in May that wiped out a third to most of the crop for some growers who say it’s the worst frost damage they have ever …
Posted: Jun 15, 2023
British insurer Legal & General has hired Banco Santander’s António Simões as its new CEO, it said on Thursday, replacing Nigel Wilson. Simões, who has been regional head of Europe for Santander since September 2020, will take up his positi...
Posted: Jun 15, 2023
Saboteurs target a nation leading the world in clean energy. They hack into vulnerable wind and solar power systems. They knock out digitalized energy grids. They wreak havoc. It’s the stuff of nightmares for European power chiefs. Henriette Bo...
Posted: Jun 15, 2023
A coal dust examiner who worked for a Kentucky mining company has been sentenced to six months in prison for falsifying dust samples and lying to federal officials. Walter Perkins’ employer, Black Diamond Coal Company, was placed on probation f...
Posted: Jun 15, 2023
Austin, TX., June 15, 2023 – The National Alliance for Insurance Education & Research is proud to announce the launch of a new seven-part Introduction to Employee Benefits continuing education series for risk and insurance professionals. The Intr...
Posted: Jun 15, 2023
Last year marked robust growth in the U.S. cyber insurance market, with direct premiums increasing by 50% to $7.2 billion, brought on by better underwriting and improved loss ratios, according to Best’s Market Segment Report. Direct premium wri...
Posted: Jun 15, 2023
A UK printing firm that sends mail for clients ranging from major health-insurance providers to multinational banks was a victim of the extensive MOVEit cyberattack. Adare SEC confirmed to Bloomberg News on Monday that it was hit by the MOVEit …...
Posted: Jun 15, 2023
A UK printing firm that sends mail for clients ranging from major health-insurance providers to multinational banks was a victim of the extensive MOVEit cyberattack. Adare SEC confirmed to Bloomberg News on Monday that it was hit by the MOVEit …...
Posted: Jun 15, 2023
Wall Street’s main regulator is moving to introduce new rules for brokerages using artificial intelligence to interact with clients. The US Securities and Exchange Commission said Tuesday that a long contemplated plan to rein in conflicts of in...
Posted: Jun 15, 2023
Two U.S. senators introduced legislation on Wednesday that would allow social media companies to be sued for spreading harmful material created with artificial intelligence. The law would open the door for lawsuits to proceed against social media com...
Posted: Jun 15, 2023
Four intrepid reinsurance executives from Convex and Swiss Re are rowing from Monterey, Calif. to Hawaii – as part of the “World’s Toughest Row – Pacific.” It’s all for charity – and, of course, for a challenging, life-changin...
Posted: Jun 15, 2023