Insurance Journal

Dutch Watchdog Probes Alleged Tesla Data Breach

The data protection watchdog for the Netherlands said on Friday it was aware of possible Tesla data protection breaches, but it was too early for further comment. Germany’s Handelsblatt reported on Thursday that Elon Musk’s Tesla had alle...

Posted: May 26, 2023

Report Alleges Workers’ Compensation Abuse in New York Correctional Unit

A report by the New York State Inspector General alleges “egregious” abuse of workers’ compensation loss wage benefit provisions by state corrections and institution safety officers. The report blames a 2016 labor agreement with the...

Posted: May 26, 2023

Georgian Billionaire Wins $926M From Credit Suisse After Fraud

Credit Suisse was ordered to pay $926 million to Georgia’s former prime minister on Friday for losing part of his fortune, in a Singapore court ruling that represents one of the biggest legal awards made against the bank. Singapore’s Inte...

Posted: May 26, 2023

OSHA Wins Trademark Battle Against Safety Consulting Firm’s Logo

A workplace safety consulting firm will stop using the OSHA acronym and a stylized similar to the federal government’s trademarked Occupational Safety and Health Administration acronym and logo under an agreement approved by a federal judge. Th...

Posted: May 26, 2023

Reuters: Lloyd’s Register Drops Ships of Top Indian Carrier of Russian Oil

Lloyd’s Register has told India’s Gatik Ship Management, which has become a major carrier of Russian oil since the Ukraine war, that it will withdraw certification of 21 of its vessels by June 3, the maritime services company told Reuters...

Posted: May 26, 2023

Rhode Island AG Sues Manufacturers of Forever Chemicals

Rhode Island Attorney General Peter F. Neronha yesterday filed a lawsuit against the manufacturers of per- and polyfluoroalkyl substances, commonly referred to as PFAS, for allegedly causing significant harm to the residents and natural resources of...

Posted: May 26, 2023

Climate Alliance Sounds Alarm on ‘Political Attacks’ on Insurers

“Political attacks” are interfering with insurers’ efforts to price climate risks, the Glasgow Financial Alliance for Net Zero said on Friday, after a wave of insurers quit an industry climate group following pressure in the United...

Posted: May 26, 2023

Judge Greenlights JPMorgan Lawsuit Blaming Ex-Executive in Jeffrey Epstein Scandal

A federal judge said Wednesday that he won’t block JPMorgan’s legal efforts to blame a former executive of hiding Jeffrey Epstein’s decades-long sex abuse to keep the financier as a client. Judge Jed Rakoff in Manhattan denied reque...

Posted: May 26, 2023

IIHS: Rear Passengers in Small Cars at Higher Risk of Internal Injuries

A new crash test, conducted by the Insurance Institute for Highway Safety (IIHS), revealed poor ratings for all small cars tested. In all five vehicles tested, the rear dummy submarined beneath the seat belt, causing the lap belt to slide …

Posted: May 26, 2023

California Commissioner Issues Decision on Workers’ Comp Regulatory Filing

California Insurance Commissioner Ricardo Lara issued a decision this week regarding the Workers’ Compensation Insurance Rating Bureau of California’s Sept. 1, 2023 regulatory filing. The Commissioner approved all of the WCIRB’s pro...

Posted: May 26, 2023

California Department of Insurance Bans Sender of Misleading Wildfire Mailers

A California Department of Insurance investigation into misleading mailers on insurance claims following wildfires led to a ban of public adjuster and California Recovery Group owner Argen Youssefi of Glendale. The investigation reportedly found Cali...

Posted: May 26, 2023

Microsoft Chief Says Deep Fakes Are Biggest AI Concern

Microsoft President Brad Smith said Thursday that his biggest concern around artificial intelligence was deep fakes, realistic looking but false content. In a speech in Washington aimed at addressing the issue of how best to regulate AI, which went f...

Posted: May 26, 2023

Microsoft Chief Says Deep Fakes Aare Biggest AI Concern

Microsoft President Brad Smith said Thursday that his biggest concern around artificial intelligence was deep fakes, realistic looking but false content. In a speech in Washington aimed at addressing the issue of how best to regulate AI, which went f...

Posted: May 26, 2023

Microsoft Chief Says Deep Fakes are Biggest AI Concern

Microsoft President Brad Smith said Thursday that his biggest concern around artificial intelligence was deep fakes, realistic looking but false content. In a speech in Washington aimed at addressing the issue of how best to regulate AI, which went f...

Posted: May 26, 2023

People Moves: Aihara & Associates in California Names Kinoshita EVP

Aihara & Associates Insurance Services named Mike Kinoshita executive vice president. Kinoshita is a third-generation insurance agent and current senior client advisor at The J. Morey Company, an Ori-gen Family Company. Kinoshita’s appointm...

Posted: May 26, 2023

People Moves: Cowbell Names CNA’s Bilbao as UK Director of Underwriting; Allianz Commercial Promotes...

This edition of International People Moves details appointments at Cowbell Cyber and Allianz Commercial. A summary of these new hires follows here. Cowbell Names CNA’s Bilbao as UK Director of Underwriting Cowbell, the Pleasanton, Calif.-based...

Posted: May 25, 2023

People Moves: Lockton Adds IP Experts Sandler and Taylor; Byrne Hired at Cowbell as VP Tech E&O Unde...

Lockton Adds Intellectual Property Experts to Transaction Liability Practice Lockton has hired Jason Sandler and Craig Taylor to its intangible asset and contingent liability practice, a division within its broader transaction liability practice. Gau...

Posted: May 25, 2023

Indiana Food Distributor Agrees to $709K Settlement Over Sex Discrimination Lawsuit

Kenneth O. Lester Company, Inc., doing business as PFG Customized Distribution – Indiana, will pay $709,971 in monetary relief and furnish significant equitable relief to settle a federal sex discrimination lawsuit brought by the U.S. Equal Employmen...

Posted: May 25, 2023

2 Killed in Severe Storms North of Houston

CONROE, Texas (AP) – Two people were killed and several others were hurt Tuesday afternoon when a home that was under construction collapsed as strong storms hit north of Houston in the Conroe area. A home under construction in the …

Posted: May 25, 2023

Murdaugh Indicted for Skimming Insurance Funds; Accomplice Attorney Pleads

Former South Carolina injury attorney Alex Murdaugh, convicted in March of murdering his wife and son, has been indicted on 22 federal counts of defrauding clients, laundering money, and diverting insurance proceeds into his personal account. Murdaug...

Posted: May 25, 2023

Murdaugh Indicted for Defrauding Clients of Insurance Funds; Accomplice Attorney Pleads

Former South Carolina injury attorney Alex Murdaugh, convicted in March of murdering his wife and son, has been indicted on 22 federal counts of defrauding clients, laundering money, and diverting insurance proceeds into his personal account. Murdaug...

Posted: May 25, 2023

Do Not Call: States Sue Telecom Company Over Billions of Robocalls

Attorneys general across the U.S. joined in a lawsuit against a telecommunications company accused of making more than 7.5 billion robocalls to people on the national Do Not Call Registry. The 141-page lawsuit was filed Tuesday in U.S. District Court...

Posted: May 25, 2023

Mississippi Woman Pleads in Scheme to Steal Ownership of USDA-Mortgaged Homes

A Mississippi woman has pleaded guilty to conspiring to steal houses that were mortgaged by the U.S. Department of Agriculture, federal prosecutors said. Ella Martin, 69, of Jayess, pleaded guilty Thursday before U.S. District Judge David Bramlette i...

Posted: May 25, 2023

Family of Suicidal Black Teen Killed in Nevada Agrees To $2M Settlement

The parents of a suicidal Black teenager who was fatally shot by police in 2020 in Nevada have agreed to a $2 million settlement with the city of Sparks that also includes more crisis intervention and mental health training for …

Posted: May 25, 2023

Walmart Paying California $500K in Settlement Over Sale of Brass Knuckles

Walmart will pay half a million dollars to settle allegations from California’s Department of Justice that it was selling brass knuckles on its website, state Attorney General Rob Bonta said. Brass knuckles are classified as deadly and illegal...

Posted: May 25, 2023