Insurance Journal

Moxie Underwriters Launches Admitted Habitational Program in California

The additional state rounds out offering led by program manager Jill Bay June 8, 2023, Scottsdale, AZ – Moxie Underwriters (‘Moxie’), an established program administrator led by managing underwriter Jill Bay, adds California admitted prod...

Posted: Jun 08, 2023

Florida OIR Approves Roof Endorsements That Could Bar Non-Storm Claims

Despite the Florida Legislature taking major steps to rein in the cost of roof claims and litigation, at least two insurers have come out with broad roof endorsements that seek to bar claims for wear and tear, poor workmanship and …

Posted: Jun 08, 2023

Washington Commissioner Issues $398K in Fines

Washington Insurance Commissioner Mike Kreidler issued fines in April and May totaling $398,500 against insurance companies for violations of state insurance laws and regulations. Following is a list of reported violations the commissioner’s of...

Posted: Jun 08, 2023

Washington Paying $3.1M to Settle Suit Over Evidence

Washington state is set to pay $3 million to settle a lawsuit over alleged severe neglect at an adult family home – in addition to more than $300,000 in penalties levied by a judge for wrongful withholding of evidence, officials …

Posted: Jun 08, 2023

Rhode Island AG Lawsuit Says Landlord Puts Tenants at Risk

A Rhode Island landlord whose tenants have long complained about lead hazards, rodent infestations and other problems with their apartments was sued Tuesday by the state attorney general, who said conditions at many properties put renters’ heal...

Posted: Jun 08, 2023

FIFA Made False Claims About Carbon Neutrality at Qatar World Cup: Regulator

Soccer’s world governing body FIFA made false and misleading statements about the reduced environmental impact of the 2022 World Cup in Qatar, a Swiss regulator said on Wednesday. The Swiss Fairness Commission, the self-regulatory body of the a...

Posted: Jun 08, 2023

Delaware County, Police Seek Dismissal of Wrongful Death Lawsuit

Attorneys for Delaware’s largest county and three police officers asked a federal judge on Tuesday to rule in their favor in a lawsuit stemming from a fatal police shooting in 2021. The family of Lymond Moses is suing New Castle …

Posted: Jun 08, 2023

Actor Gooding Settles Civil Sex Abuse Case, Averting Trial in New York

Just as a trial was to begin, it was revealed Tuesday that Cuba Gooding Jr. has settled accusations that he raped a woman in a New York City hotel a decade ago, according to court records. The actor had insisted …

Posted: Jun 08, 2023

Agent in California Arrested for Falsifying Evidence And Perjury

Bail agent Fausto Atilano, 60, of Temecula, California, was arrested this week on multiple felony counts of falsifying judicial records, perjury, and preparing false evidence, after a California Department of Insurance investigation found he allegedl...

Posted: Jun 08, 2023

Britain to Host First Global Summit on Artificial Intelligence Safety

The United Kingdom will host a global summit on artificial intelligence safety this autumn, the British government said on Wednesday, adding Prime Minister Rishi Sunak and U.S. President Joe Biden will also discuss the technology at their Thursday me...

Posted: Jun 07, 2023

Stricter UAE Ship Insurance Rules Look to Cut Oil Spill Risks

Tougher requirements for some ship insurers covering United Arab Emirates ships are aimed at boosting environmental safety, the UAE state news agency (WAM) reported, amid growing concerns over unregulated shipping. The UAE’s energy and infrastr...

Posted: Jun 07, 2023

The “G” in ESG – Good Governance Carrot and Stick

The temperature of the debate surrounding environmental, social and corporate governance (ESG) is already quite high and continues to rise. Last November, Elon Musk commented, “ESG is the devil.” More recently, in March 2023, Utah State T...

Posted: Jun 07, 2023

Texas Car Dealership Sued for Age and Disability Discrimination

DALLAS – Pete’s Car Smart Inc., a car dealership based in Amarillo, Texas, violated federal law by firing a long-time employee based on her age and cardiovascular-related disability, the federal agency announced today. According to the EEOC&#82...

Posted: Jun 07, 2023

Hub Acquires Illinois-Based E-Insurance Services

Hub International Limited (Hub), a leading global insurance brokerage and financial services firm, announced that it has acquired the assets of E-Insure Services, Inc. (EINSURANCE). EINSURANCE is a web-based, direct-to-consumer lead generation platfo...

Posted: Jun 07, 2023

Plane had Mechanical Problems Before Crash That Killed Founder of Morgan White Insurance Group

WINSLOW, Ark. (AP) – A small plane had mechanical problems with its autopilot system before it crashed in Arkansas last month and killed a former Mississippi state senator who was flying it, according to a preliminary report by the National &#8...

Posted: Jun 07, 2023

Week After Iowa Building Collapse, Minnesota Condo Evacuated Over Stability Concerns

ROCHESTER, Minn. (AP) – Less than a week after an apartment building partially collapsed in Iowa, more than 140 people were evacuated from a condominium in Minnesota after a structural engineer expressed concerns about its stability. Officials...

Posted: Jun 07, 2023

Republican Wisconsin Lawmakers Propose Plan to Combat PFAS Pollution

MADISON, Wis. (AP) – Republican legislators have proposed a sweeping new plan to address PFAS pollution that would create grants for local governments, limit regulators’ ability to delay projects on polluted property and mandate studies o...

Posted: Jun 07, 2023

Children Rescued from Burning Car While Florida Mom was Shoplifting, Police Say

Shoppers at a Florida mall managed to pull two children out of a burning car after their mother left them alone while she shoplifted, police said. The vehicle caught fire May 26 outside the Oviedo Mall, just northeast of Orlando, …

Posted: Jun 07, 2023

Appeals Court Upholds Jury’s $9M Irma Verdict That Went Beyond Experts’ Opinions

Juries that are asked to resolve hurricane-damage disputes often hear widely varying damage estimates from expert witnesses. A decision by a federal appellate court on Monday demonstrates that once a jury decides on a number, insurers may need more t...

Posted: Jun 07, 2023

New York City Files Suit Against Hyundai, Kia Over Thefts

New York City has joined other municipalities in suing carmakers Hyundai and Kia for not having immobilizer anti-theft technology in some of their vehicles, which the municipalities claim has resulted in record car thefts and created a public nuisanc...

Posted: Jun 07, 2023

Insurance Group Hamilton Mulls Potential IPO, Sale

Hamilton Insurance Group is considering strategic options amid growing momentum for deals involving insurance and reinsurance companies, people familiar with the matter told Reuters. The Bermuda-based group has been discussing options with potential...

Posted: Jun 07, 2023

California Insurers’ Inability to Price Risk Is Causing Headaches

California regulations restrict insurers from using sophisticated computer models to consider the rapidly growing wildfire risks from climate change — and that limitation is a factor pushing US insurers out of the state. State Farm General Insurance...

Posted: Jun 07, 2023

Kazakhstan Presses Ahead With $16.5B Claim Against Oil Majors

Kazakhstan is pressing ahead with $16.5 billion in claims against international oil majors over disputed project costs and has no plans for a possible out-of-court settlement, Energy Minister Almasadam Satkaliyev said. The legal wrangling underscores...

Posted: Jun 07, 2023

China’s Wheat Growers Face ‘Disaster’ After Heavy Rain Batters Crop

After two weeks of continuous heavy rains, a farmer surnamed Chen in China’s Henan province surveys bent stalks of saturated wheat in sodden fields that will take days to dry out before harvesting can start. The rains are also causing …

Posted: Jun 07, 2023

Tesla’s $2.6 Billion SolarCity Buyout Ruled Fair as Dismissal of Shareholder Suit Upheld

esla Inc.’s $2.6 billion acquisition of SolarCity in 2016 was “entirely fair” to shareholders, Delaware’s top court ruled, upholding the dismissal of an investor lawsuit and sparing Elon Musk from a potential multibillion-doll...

Posted: Jun 07, 2023