Insurance Journal
Seventeen former field inspectors for a company that provided damage estimates for McClenney Moseley & Associates filed a lawsuit against their former employer, saying they are owed for bonuses that were promised but never paid and uncompensated...
Posted: May 30, 2023
A pair of Louisiana parishes lead CoreLogic’s ranking of riskiest U.S. housing markets based on natural-disaster probability. CoreLogic’s Climate Risk Analytics: Composite Risk Score (CRA Composite Risk Score) identified Plaquemines Paris...
Posted: May 30, 2023
This edition of International People Moves details executive appointments at Hiscox and SCOR. A summary of these new hires follows here. Hiscox Appoints Bloomer as Chair, Succeeding Childs Hiscox Ltd., the international specialist insurer, announced...
Posted: May 30, 2023
Lacey’s Place LLC Series Midlothian, doing business as Lacey’s Place, which owns and operates more than 30 video gaming parlors in Illinois, will pay $92,964 and furnish other relief to settle a pay discrimination and retaliation lawsuit...
Posted: May 30, 2023
Bankrupt Oxycontin manufacturer Purdue Pharma can shield its owners, members of the wealthy Sackler family, from opioid lawsuits in exchange for a $6 billion contribution to the company’s broader bankruptcy settlement, a U.S. appeals court rule...
Posted: May 30, 2023
DAVENPORT, Iowa (AP) – There were no confirmed fatalities and no known people still trapped the morning after a six-story apartment building in the eastern Iowa city of Davenport partially collapsed, authorities said Monday. Davenport Fire Chie...
Posted: May 30, 2023
Verisk, a leading global data analytics and technology provider, has acquired Morning Data, a supplier of state-of-the-art software to brokers and managing general agents (MGAs) in London and across the globe. The acquisition enables Verisk to enhanc...
Posted: May 30, 2023
The Hartford announced new leadership appointments in sales and distribution across multiple lines of business in support of the company’s growth and innovation plans. Hayes Henderson has been promoted to head of sales and relationship manageme...
Posted: May 30, 2023
A judge ruled that the U.S. government can keep using chemical retardant to fight wildfires, despite finding that the practice pollutes streams in western states in violation of federal law. Halting the use of the red slurry material could have ̷...
Posted: May 30, 2023
California regulators say the state is unlikely to run out of electricity this summer because of a big increase in power storage and a wet winter that filled the state’s reservoirs enough to restart hydroelectric power plants that were dormant...
Posted: May 30, 2023
While dealers and manufacturers are dealing with the sharp rise in thefts of Kia and Hyundai automobiles, police departments around the South and Midwest have begun offering free steering-wheel locks for owners of the cars. In Raleigh-Durham and in F...
Posted: May 30, 2023
Data from the first quarter of 2023 shows that the number of product recalls in the U.S. increased 14.2% from the previous quarter. According to Sedgwick brand protection’s latest U.S. product recall index report — which analyzes recall data fr...
Posted: May 30, 2023
Authorities were searching this week for a Georgia man who falsely claimed a lightning strike caused more than $18,000 in damage to his property, Georgia Insurance Commissioner John King said in a bulletin. Salvatore Arzillo, 52, of Buford, Georgia,...
Posted: May 30, 2023
A 25-year-old firefighter from South Carolina has died after part of a burning apartment building collapsed while firefighters were inside. Authorities said James Muller of the Irmo Fire District died Friday while he was providing aid during the resp...
Posted: May 30, 2023
Guy Carpenter, the reinsurance specialist business of Marsh McLennan, announced it will acquire Re Solutions, the leading independent reinsurance broker in Israel. Terms of the transaction, which is expected to close later this quarter, were not disc...
Posted: May 30, 2023
Buffeted by earthquakes and the potential of conflict with China, Taiwan’s leaders want to accelerate plans to make the island more resilient to communications breakdowns and direct attacks on its digital infrastructure. It could be an impossib...
Posted: May 30, 2023
Tokio Marine Holdings Inc., Japan’s largest insurer by market value, is withdrawing from the Net Zero Insurance Alliance, the latest in a wave of defections from the world’s biggest climate alliance for insurers. The company declined to g...
Posted: May 30, 2023
Tokio Marine Holdings Inc., Japan’s largest insurer by market value, is withdrawing from the Net Zero Insurance Alliance, the latest in a wave of defections from the world’s biggest climate alliance for insurers. The company declined to g...
Posted: May 30, 2023
The list of firms walking out of the Net Zero Insurance Alliance continued to grow this week, adding to an exodus as the industry struggles to navigate anti-ESG attacks led by the Republican Party. The latest round of defections includes …
Posted: May 30, 2023
Germany’s Talanx said on Saturday it had acquired Liberty Mutual Insurance’s Latin America business for about 1.38 billion euros ($1.52 billion), through its subsidiary HDI International. “The acquisition encompasses Liberty’s...
Posted: May 30, 2023
The record $279 million whistleblower award issued by the U.S. Securities and Exchange Commission earlier this month stemmed from a bribery case against Swedish telecommunications company Ericsson, the Wall Street Journal reported on Friday. The awar...
Posted: May 30, 2023
It’s no longer just a hypothesis that more and larger natural disasters, along with general inflation and social inflation, are driving up insurers’ claims costs. New data shows loss ratios rose in 2022, specifically for personal lines pr...
Posted: May 30, 2023
Alphabet Inc’s Google must pay $32.5 million in damages for infringing one of smart-speaker maker Sonos Inc’s patents in its wireless audio devices, a San Francisco federal jury decided on Friday. The case is part of a sprawling intellect...
Posted: May 30, 2023
A flight instructor and a student pilot died Friday when a small plane crashed at a south Florida airport, Palm Beach County authorities said. The crash at the Palm Beach County Park Airport in Lantana happened shortly after 11 a.m. …
Posted: May 30, 2023
Two clashing climatic behemoths, one natural and one with human fingerprints, will square off this summer to determine how quiet or chaotic the Atlantic hurricane season will be. An El Nino is brewing and the natural weather event dramatically dampen...
Posted: May 30, 2023