Insurance Journal

Tabloid Publisher Apologizes to Prince Harry at Outset of Invasion of Privacy Trial

The publisher of British tabloid the Daily Mirror acknowledged and apologized Wednesday for unlawfully gathering information about Prince Harry, saying at the outset of a trial over one of his phone hacking lawsuits that the prince was due “app...

Posted: May 12, 2023

New Mexico Officials Say FEMA Delays Create Mistrust Among Wildfire Victims

Members of New Mexico’s congressional delegation are criticizing federal emergency managers for missing deadlines as residents seek recovery assistance following the largest wildfire in the state’s recorded history. It has been a year sin...

Posted: May 12, 2023

Washington Irrigation District Facing Fines for Worker Safety Issues

A South Central Washington irrigation district is facing stiff fines for not protecting workers from the dangers of trenching the second time this year. The Sunnyside Valley Irrigation District is tasked with delivering irrigation water to landowners...

Posted: May 12, 2023

Jury Awards $22M in Back Pay Verdict, One Biggest Ever Won by Labor Department

A federal court jury has awarded back wages of more than $22 million to the U.S. Department of Labor for more than 7,500 employees working for East Penn Manufacturing Co. Inc. — one of the largest battery manufacturers — after …

Posted: May 12, 2023

Jury Awards $22M in Back Pay Verdict, Biggest Ever Win by Labor Department

A federal court jury has awarded back wages of more than $22 million to the U.S. Department of Labor for more than 7,500 employees working for East Penn Manufacturing Co. Inc. — one of the largest battery manufacturers — after …

Posted: May 12, 2023

UK Drops Post-Brexit Plan to Scrap Thousands of EU Laws by Year’s End

Britain’s bonfire of European Union laws has been reduced to embers. The U.K. government on Wednesday scrapped a plan to remove all remaining EU laws, about 4,000 in all, from British statute books by the end of this year — …

Posted: May 12, 2023

Vermont Law Shields Providers of Abortion Medication, Gender Affirming Services

Vermont’s Republican governor signed abortion and gender affirming shield bills into law Wednesday that are the first in the country to include protecting access to a medication widely used in abortions even if the U.S. Food and Drug Administra...

Posted: May 12, 2023

California Paying $24M for Man’s Death in Police Custody

California will pay a $24 million civil rights settlement to the family of a man who died in police custody after screaming “I can’t breathe” as multiple officers restrained him while trying to take a blood sample, lawyers said Tues...

Posted: May 12, 2023

Greenpeace Sues Italian Energy Company ENI

Greenpeace and an environmental coalition including 12 Italian citizens are suing Italian energy company ENI, accusing it of knowingly contributing to climate change. The complaint names ENI as well as its two biggest shareholders, the Italian Econom...

Posted: May 11, 2023

Nobody Injured as Possible Meteorite Crashes Through Roof Into New Jersey Home

HOPEWELL TOWNSHIP, N.J. — A metallic object believed to be a meteorite punched a hole in the roof of a central New Jersey home this week, smashing into a hardwood floor and bouncing around a bedroom. The family who owns …

Posted: May 11, 2023

Broker Sues Over Unethical ‘Raid’ of 38 Staff in UK Poaching Row

Marsh & McLennan Cos.’s reinsurance broker sued a London rival, saying it secretly planned an unethical “raid” of 38 people across Europe, in the latest lawsuit to pore over clandestine staff poaching allegations. Guy Carpenter...

Posted: May 11, 2023

Amynta Group Completes Buy of Brit’s Ambridge Group

Amynta Group said it has completed its $400 million acquisition of Ambridge Group from Brit. A multi-year strategic partnership had previously been announced in which Brit, a subsidiary of Fairfax Financial Holdings Ltd., will be a significant capaci...

Posted: May 11, 2023

Georgia Commissioner Wants Consumers to Stay Away from ‘Dirt-Cheap Insurance’

Georgia’s insurance commissioner is warning consumers to steer clear of Dirt-Cheap Insurance, an unlicensed outfit that he said has sold fraudulent policies in the state. Three people associated with Dirt-Cheap, Deamarkis Barber, Oluwatosin Oye...

Posted: May 11, 2023

People Moves: CFC Grabs Phillips From Resilience to Lead Cyber Practice

Specialty insurance provider CFC announced today it has appointed Michael Phillips as Cyber Practice Leader. In this newly created role based out of New York, Michael will drive CFC’s cyber underwriting strategy and broker development in the US...

Posted: May 11, 2023

Hylant Expands with Acquisition of Aegis Insurance in Georgia

Hylant, one of the largest privately held insurance brokerages, announced it has acquired Aegis Insurance Services Inc. of Alpharetta, Georgia, a broker and agency specializing in the moving and storage industry. Aegis, headed by CEO Barbara Stevens,...

Posted: May 11, 2023

Florida Driver in 116-mph Fatal House Crash Sentenced to 27 Years

A Florida man who was driving his Tesla at least 116 mph (186 kph) before crashing into a house and killing two people in 2021 has been sentenced to 27 years in prison. Vaughn Mongan, 45, of Palm Harbor, was …

Posted: May 11, 2023

People Moves: McGriff Hires Marine and Energy Practice Leadership; IMA hires Chappell as Central Reg...

McGriff Hires SVP, Director and Producer for its Houston Marine and Energy Practice McGriff has added three new members to its growing Houston, Texas-based marine and energy practice. Joe Etzler joins McGriff as managing director with 17 years of exp...

Posted: May 11, 2023

Peloton Recalls Two Million Exercise Bikes For Seat Issue

Peloton Interactive Inc has recalled two million exercise bikes citing the possibility of the seat post breaking during use that could lead to injuries, the U.S. Consumer Product Safety Commission (CPSC) said on Thursday. The recall piles on more pre...

Posted: May 11, 2023

$3.4M Fine Proposed for 2021 California Oil Pipeline Leak

An energy company should be fined nearly $3.4 million for safety violations involving a 2021 oil pipeline spill that fouled Southern California beaches, a federal regulator said. Amplify Energy Corp. ignored 83 alarms indicating the offshore pipeline...

Posted: May 11, 2023

Insurtech Funding Up 38% Over Q4 2022: Gallagher Re

Insurtech funding increased nearly 38% from Q4 2022 to Q1 2023, from about $1 billion to about $1.4 billion, according to a new analysis released by Gallagher Re. The U.S. leads France and the UK as the nation funding the …

Posted: May 11, 2023

Norfolk Southern to Pay Ohio Homeowners Near Wreck

Norfolk Southern has recommitted to creating a fund for residents near the site of an Ohio train wreck that would cover any decline in home values since before the derailment earlier this year. In early February, 38 cars derailed in …

Posted: May 11, 2023

Four Injured in Explosion at Wisconsin Condominium Building

MADISON, Wis. (AP) – Four people were injured in an apparent explosion at a Madison condominium building Tuesday evening, the city’s fire chief said. One person was taken to an area hospital by ambulance, and three other people transporte...

Posted: May 11, 2023

Legislation to Govern AI Takes Another Step in Europe

European lawmakers came a step closer to passing new rules regulating artificial intelligence tools such as ChatGPT, following a crunch vote on Thursday where they agreed tougher draft legislation. The European Union’s highly anticipated AI Act...

Posted: May 11, 2023

Alliant Acquires Texas’ McAnally Wilkins

Alliant Insurance Services has acquired McAnally Wilkins, LLC, a leading provider of property and casualty (P&C) insurance solutions for the oil and gas service industry. Based in Odessa, Texas, McAnally Wilkins provides insurance and risk manage...

Posted: May 11, 2023

Facebook Fails in Bid to Get Cambridge Analytica Lawsuit Tossed

A judge ruled Facebook founder Mark Zuckerberg and other former directors of the social-media company must face claims they turned a blind eye to rampant privacy violations, including allowing a firm hired by Donald Trump’s 2016 presidential ca...

Posted: May 11, 2023