Insurance Journal
The United Nations is racing to extend a deal that has allowed shipments of Ukrainian grain through the Black Sea to parts of the world struggling with hunger, helping ease a global food crisis exacerbated by the war Russia launched …
Posted: May 18, 2023
The Ukraine Black Sea grain deal has been extended for two more months, in what U.N. Secretary-General Antonio Guterres hailed as “good news for the world,” a day before Russia could have quit the pact over obstacles to its grain …
Posted: May 18, 2023
Deutsche Bank AG agreed to pay $75 million to settle a lawsuit in which victims of Jeffrey Epstein’s sexual abuse accused the bank of facilitating his sex-trafficking operation, according to attorneys for the plaintiffs. Deutsche Bank agreed to...
Posted: May 18, 2023
Johnson & Johnson has set aside $400 million to resolve U.S. state consumer protection actions as part of its broader $8.9 billion effort to settle claims that its Baby Powder and other talc products cause cancer. J&J subsidiary LTL Managemen...
Posted: May 18, 2023
The 2022 property/casualty insurance industry saw a stark difference between the combined ratio of commercial lines at 94.8, while personal lines came in at 109.9. It was the largest difference in about 15 years, according to actuaries at the Insuran...
Posted: May 18, 2023
The 2022 property/casualty insurance industry saw a stark difference between the combined ratio of commercial lines at 94.8, while personal lines came in at 109.9. It was the largest difference in about 15 years, according to actuaries at the Insuran...
Posted: May 18, 2023
Norfolk Southern Corp was sued on Tuesday by bondholders who said they lost hundreds of millions of dollars because the railroad concealed safety risks prior to the February derailment in Ohio of a train carrying hazardous chemicals. The proposed cla...
Posted: May 18, 2023
The U.S. Occupational Safety and Health Administration has cited a Georgia wood-treating company and its maintenance firm for exposing workers to high levels of arsenic, actions that could result in as much as $180,000 in fines. OSHA opened an invest...
Posted: May 18, 2023
ALKEME acquired the Infinity Insurance Group in Idaho. Infinity Insurance is an insurance agency with offices in Post Falls. Infinity Insurance broke away from its parent company in 2010 and has focused on providing auto, home, health, life and comme...
Posted: May 18, 2023
World Insurance Associates LLC acquired the business of Morris Insurance Group Inc. of Clinton Township and Rochester, Michigan Morris is an insurance agency providing personal insurance, commercial insurance and health and life insurance. World Insu...
Posted: May 18, 2023
A fire at a Marathon Petroleum refinery near Houston caused visible flames and left at least one worker dead, the company said. Marathon said the cause of the Monday morning fire was under investigation. Aerial footage from Houston television station...
Posted: May 18, 2023
Toxicology by definition is the study of adverse effects of chemical, biological, or physical agents on living organisms. Cannabis and toxicology doesn’t sound like a subject that is pertinent to insurance professionals in the specialty, but kn...
Posted: May 18, 2023
A federal judge on Tuesday blocked part of New Jersey’s new handgun carry law that barred weapons from being carried in so-called sensitive places and halted a new insurance mandate the law sought to institute. Second Amendment rights groups th...
Posted: May 18, 2023
A federal judge on Tuesday blocked part of New Jersey’s new handgun carry law that barred weapons from being carried in so-called sensitive places and halted a new insurance mandate the law sought to institute. Second Amendment rights groups th...
Posted: May 18, 2023
Maryland Gov. Wes Moore signed gun-control measures into law on Tuesday, after lawmakers passed measures this year in response to a U.S. Supreme Court ruling. The high court’s ruling in New York State Rifle and Pistol Association v. Bruen last...
Posted: May 18, 2023
Illinois became the latest state to pass public adjuster reform legislation when the Illinois Public Adjuster bill (SB 1495) passed both houses of the legislature and will move on to the governor. Indiana Gov. Eric Holcomb recently signed HB 1329, &#...
Posted: May 18, 2023
The operator of a limousine company who has been accused of acting recklessly and causing the deaths of 20 people, is not to blame for the 2018 upstate New York crash, because he tried his best to repair and maintain …
Posted: May 18, 2023
AM Best downgraded the Financial Strength Rating to B++ (Good) from A- (Excellent) and the Long-Term Issuer Credit Rating to “bbb+” (Good) from “a-” (Excellent) of Farm Bureau Mutual Insurance Company of Arkansas Inc. The outl...
Posted: May 18, 2023
A key element of the European Union’s Green Deal package has been delayed after France, the bloc’s biggest supporter of nuclear power, said it won’t back a law to scale up renewable energy. Member-state officials had been due to end...
Posted: May 18, 2023
Nevada and pharmacy chain CVS have reached a nearly $152 million settlement to be paid over the next decade to end a lawsuit over opioid claims, state Attorney General Aaron Ford announced. “CVS negotiated in good faith,” Ford said at ...
Posted: May 18, 2023
The Department of Justice proposed an amended complaint and consent decree in the District of Maryland that would resolve claims that chicken producer George’s Inc. and George’s Foods conspired with other poultry processors for years to s...
Posted: May 18, 2023
Annual celebration of insurance industry philanthropy raises funds for regional nonprofits CHICAGO (April 25, 2022) – The Midwest Division of the Insurance Industry Charitable Foundation (IICF), a unique nonprofit organization dedicated to helping co...
Posted: May 17, 2023
NOTE: This is an excerpt from a longer article on IJ. Here’s the full article. When it comes to firearms and insurance, we can look at them in two ways. First, as items of personal property, in which case, in …
Posted: May 17, 2023
Nashville-based Davies Group, a rapidly growing professional services and technology firm serving the insurance industry, has named Jen Morrissey group chief operations officer. Morrissey was previously chief information officer with Unison Risk Advi...
Posted: May 17, 2023
Buyers of directors and officers liability may be getting a break from steep rate and price increases seen over the last several years, but insurance industry rating agency AM Best said it remains to seen how long the reprieve can …
Posted: May 17, 2023