Insurance Journal

Hazards at Oklahoma Dollar General Stores Lead to $267K in Penalties

When federal workplace safety investigators opened inspections in December 2022 at two Dollar General stores in southeast Oklahoma, they found blocked exit routes and walkways exposing employees to fire hazards, the same types of violations investiga...

Posted: May 31, 2023

Mayor: 5 Unaccounted For, 2 Likely in Wreckage of Collapsed Iowa Apartment Building

DES MOINES, Iowa (AP) – Five people remain unaccounted for, including two people whose remains may be in a pile of rubble at the site of a partially collapsed apartment building, officials of the city of Davenport, Iowa, said Tuesday. …

Posted: May 31, 2023

What a Dark Fleet Tanker Looks Like: 23 Defects, Eight Different Names

A giant oil tanker that was detained in China failed its safety inspection on more than 20 counts, spotlighting the dangers posed by a rapidly expanding fleet of aging vessels sailing the world’s oceans. The ship, currently called the Titan &#8...

Posted: May 31, 2023

People Moves: Hong Kong’s FWD Names Former SiriusPoint CEO as Group CFO; Lloyd’s Names Beazley’s Tur...

This edition of International People Moves details appointments at FWD Group and Lloyd’s of London. A summary of these new hires follows here. Hong Kong’s FWD Group Names Former SiriusPoint CEO as Group CFO FWD Group Holdings Ltd. announc...

Posted: May 31, 2023

SEC Seeks to Recover Funds from NC Insurance Agent’s Alleged Investment Scam

The U.S. Securities and Exchange Commission has asked a federal court to bar a North Carolina insurance agent and financial advisor from trading securities and to disgorge ill-gotten gains from a real estate scam, according to court papers filed Tues...

Posted: May 31, 2023

Markets/Coverages: U.S. Cannabis-Focused MGU Opens for Business in Europe

The North American managing general underwriter CannGen Insurance Services (CannGen) has launched a European operation amid expectations that the continent’s legal cannabis market is set for substantial growth. CannGen Insurance Europe SRL (CGE...

Posted: May 31, 2023

U.S. Warns China Could Hack Infrastructure, Including Pipelines, Rail Systems

The U.S. State Department has warned that China was capable of launching cyber attacks against critical infrastructure, including oil and gas pipelines and rail systems, after researchers discovered a Chinese hacking group had been spying on such net...

Posted: May 31, 2023

Maryland AG Sues 3M, DuPont, Other Manufacturers Over ‘Forever Chemicals’

Maryland Attorney General Anthony G. Brown has filed two lawsuits seeking to hold multiple chemical manufacturers accountable for contamination of the state’s natural resources and harm to public health from their so-called “forever chemi...

Posted: May 31, 2023

$3.1M Settlement Reached in Fatal Shooting of Black Man in Washington

Officials in Tacoma, Washington, will pay $3.1 million to the family of a Black man who was fatally shot by police during a traffic stop in 2019. The City Council announced the settlement with the relatives of 24-year- old Bennie …

Posted: May 31, 2023

Supreme Court Turns Away Social Media Sex Trafficking Case

The US Supreme Court turned away an appeal from victims of child pornography who claimed Reddit Inc. knowingly facilitates and benefits from images of child sexual abuse. The justices without comment left in place a ruling that affirmed Reddit can&#8...

Posted: May 31, 2023

California Overtime Law Threatens Use of Grazing Goats to Prevent Wildfires

Hundreds of goats munch on long blades of yellow grass on a hillside next to a sprawling townhouse complex. They were hired to clear vegetation that could fuel wildfires as temperatures rise this summer. These voracious herbivores are in high …

Posted: May 31, 2023

Suspected State-Backed Hackers Hit Series of New Targets in Europe, SE Asia

A hacking group suspected of ties to an Asian government has broadened its targets to government agencies in countries including Indonesia and Thailand, carrying out cyber-espionage as recently as April, cybersecurity firm Group-IB says. The perpetra...

Posted: May 31, 2023

Former HealthSouth CEO Scrushy Denies Hiding Millions of Dollars

The man who once led HealthSouth, a huge provider of outpatient rehab services, including therapy for injured workers, has been ordered to turn over records related to a bank account that lawyers say he’s using to hide millions. In a …

Posted: May 31, 2023

Eight Months After Ian, Struggles Continue for Swamped Florida Residents

Eight months ago, chef Michael Cellura had a restaurant job and had just moved into a fancy new camper home on Fort Myers Beach. Now, after Hurricane Ian swept all that away, he lives in his older Infiniti sedan with …

Posted: May 31, 2023

Boeing 737 MAX Relatives May Pursue Pre-Impact Victim Compensation Claims

A U.S. judge ruled late on Tuesday that relatives of those killed in a 2019 Boeing 737 MAX Ethiopian Airlines crash may seek compensation for pain and suffering of passengers before the plane hit the ground. Boeing in 2021 agreed …

Posted: May 31, 2023

CFO of UK’s Prudential Resigns Amid Probe Into Conduct

Prudential Plc Chief Financial Officer James Turner resigned on Wednesday amid a probe into a code of conduct matter related to a recent recruitment situation, with the firm saying he didn’t meet its standards. The company named Ben Bulmer, cur...

Posted: May 31, 2023

Maine Governor Wants Changes to Paid Leave Program to Ease Effects on Businesses

Maine Gov. Janet Mills is pumping the brakes on a paid family and medical leave proposal promoted by her fellow Democrats, seeking compromises to reduce the burden on businesses in an effort to win broader support. Deputy Chief of Staff …

Posted: May 31, 2023

Catholic Church Settles Suit by Man Who Alleged Bishop Raped Him

A lawsuit brought by a former altar boy who said he was raped as a child in the 1960s by a now-deceased Roman Catholic bishop in Massachusetts has been settled, the sides announced Friday. The plaintiff identified in court papers …

Posted: May 31, 2023

Cyber Insurance: A Growth Market for Insurers With Some Caveats

As demand for cyber insurance continues to grow, insurers must remain vigilant in managing the changing risk associated with the line of coverage. According to today’s DBRS Morningstar’s commentary on the exploding line of coverage, while...

Posted: May 31, 2023

Cyber Insurance: A Growth Market for Insurers with Some Caveats

As demand for cyber insurance continues to grow, insurers must remain vigilant in managing the changing risk associated with the line of coverage. According to today’s DBRS Morningstar’s commentary on the exploding line of coverage, while...

Posted: May 31, 2023

Top AI CEOs, Experts Raise ‘Risk of Extinction’ From AI

Top artificial intelligence (AI) executives including OpenAI CEO Sam Altman on Tuesday joined experts and professors in raising the “risk of extinction from AI,” which they urged policymakers to equate at par with risks posed by pandemics...

Posted: May 31, 2023

Florida Judge Slams SFR Contractor for Misrepresentation, Fraud in Tower Hill Case

SFR Services, a Florida restoration firm made famous by its volume of claims litigation and its charges that United Property & Casualty Insurance Co. had instructed desk adjusters to alter their estimates, now finds itself in some legal trouble o...

Posted: May 31, 2023

Cyber Insurance Attorney Charged With Serial Rape, Kidnapping 15 Years Ago

The Federal Bureau of Investigation and Boston Police reported they have arrested a cyber insurance attorney in connection with a series of sexual assaults and kidnappings in the Boston area about 15 years ago. At a press conference on Tuesday, &#823...

Posted: May 31, 2023

Delta Air Lines Faces Proposed Class Action Over Carbon Neutral Claims

Delta Air Lines is facing a proposed class action lawsuit over advertising touting the U.S. carrier as carbon-neutral, according to a complaint filed on Tuesday in California federal court. The complaint, filed on behalf of a California resident who...

Posted: May 31, 2023

Pinnacol Issues $15M Dividend to 58K Colorado Employers

Colorado’s largest workers’ compensation carrier, Pinnacol Assurance, issued a general dividend of $15 million to 58,000 employers in the state. This marks the organization’s eighth straight year of issuing dividends and a total of...

Posted: May 31, 2023