Insurance Journal
Britain’s markets watchdog is aiming to improve its procedures for finance workers who report on suspected wrongdoing after finding that some whistleblowers didn’t feel listened to enough and perceived the regulator as reluctant. The Fina...
Posted: May 05, 2023
An Exxon Mobil unit is in breach of insurance obligations for its first offshore oil project in Guyana in part due to errors by the environmental regulator, a Guyanese court ruled on Wednesday, a decision the government rejected. Exxon “engaged...
Posted: May 05, 2023
More than a third of workplace injuries occur during employees’ first year on the job, regardless of age or industry experience, according to a new report from Travelers. In fact, an employee’s time spent in a particular role is one ̷...
Posted: May 05, 2023
Insurers are being forced to rethink their approach to climate change as they assess the risk of being sued for antitrust violations. Munich Re, the world’s biggest reinsurer, recently backed out of the Net Zero Insurance Alliance citing what i...
Posted: May 05, 2023
Pop star Ed Sheeran won a closely watched trial over allegations that his 2014 Grammy-winning song Thinking Out Loud copied key musical elements from Marvin Gaye’s classic 1973 soul groove Let’s Get It On. A federal jury in Manhattan rend...
Posted: May 05, 2023
Maury, Donnelly & Parr, a Maryland-based broker and risk consultant that’s almost 150 years old, has acquired CANUSA Insurance Services in Sarasota, Florida. The merger marks a continued expansion by MDP, which acquired Connecticut-based No...
Posted: May 05, 2023
An elevator mechanic’s failure to execute basic safety procedures caused an elevator at a New York City building to plunge six stories and crush a co-worker to death, prosecutors said Tuesday. Mechanic Peter Milatz, 67, was charged with crimina...
Posted: May 05, 2023
The Green Rush may be gone, but now is the opportunity for the true insuring cannabis specialists to rise to the occasion and outshine the dabblers in the field. That was one takeaway from a panel of experts in the …
Posted: May 05, 2023
The California State Assembly unanimously voted for a bill that will help accelerate the transition to clean-air technology by making sure clean fleets have access to available and affordable commercial insurance. Assembly Bill 844, the Clean Fleet I...
Posted: May 04, 2023
This post is part of a series sponsored by CoreLogic. Insurers affected by Hurricane Ian’s damaging path across Florida at the end of September 2022 faced operational, regulatory and statutory requirements for accurate projections of the ultima...
Posted: May 04, 2023
The National Association of Mutual Insurance Companies is airing concerns over what the group calls a “duplicative data call” issued by the Federal Insurance Office on climate change. The concerns are being expressed by NAMIC as part of a...
Posted: May 04, 2023
AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Louisiana Farm Bureau Mutual Insurance Company (Louisiana...
Posted: May 04, 2023
Atkins Joins XPT Specialty as Vice President and Wholesale Casualty Broker Drew Atkins has joined XPT Specialty’s Texas-based operations as vice president and wholesale casualty broker. XPT is headquartered in New York, New York. Atkins started...
Posted: May 04, 2023
Celina Insurance Group Promotes Harlamert and Montgomery Celina Insurance Group, headquartered in Yorktown, Indiana, recently promoted Trisha Harlamert to vice president of underwriting and Scott Montgomery to vice president of distribution. Harlamer...
Posted: May 04, 2023
Mead Johnson & Company, a manufacturer of baby formula, violated federal law at its Zeeland, Michigan facility by failing to provide a reasonable accommodation to an employee with a disability, the U.S. Equal Employment Opportunity Commission (...
Posted: May 04, 2023
DIVERNON, Ill. (AP) – Winds stirred up a wall of dust from farm fields that engulfed a stretch of busy interstate highway in a matter of minutes. The brown cloud’s intensity caked even the insides of vehicles in dirt. As …
Posted: May 04, 2023
A fatal shooting incident Wednesday that locked down portions of Atlanta as a suspect was on the loose, resulted in the early closing of RIMS’ Riskworld annual conference. The shooting occurred at a medical facility on West Peachtree Street in...
Posted: May 04, 2023
Chubb CEO Evan Greenberg said society and the business community need to start asking questions regarding the purpose of third-party litigation funding, a major contributor to increases in frequency and severity within casualty lines. “What soc...
Posted: May 04, 2023
Construction crews had placed “insufficient support” beneath part of an upper floor that collapsed during renovations on the 124-year-old federal courthouse in Savannah, according to the government agency overseeing the project. Three con...
Posted: May 04, 2023
Construction crews had placed “insufficient support” beneath part of an upper floor that collapsed during renovations on the 124-year-old federal courthouse in Savannah, according to the government agency overseeing the project. Three con...
Posted: May 04, 2023
After years of chipping away at incentives for lawsuits against property insurers, the Florida Legislature has approved the Insurer Accountability Act, codifying some best practices in claims handling and requiring more reporting by carriers and regu...
Posted: May 04, 2023
AXIS Capital Holdings Ltd. announced that Vincent C. Tizzio assumed the role of president and CEO of AXIS as part of a planned leadership transition, first announced in December 2022, and timed to the company’s annual general meeting held at &#...
Posted: May 04, 2023
Arthur J. Gallagher & Co. acquired Woodland Hills, California-based Leavitt Insurance Services of Los Angeles. Teri Frankel, Kenneth Blaich and their team will remain in their current location under the direction of Scott Firestone, head of Galla...
Posted: May 04, 2023
A homeowner fired shots at a couple’s car when they mistakenly turned onto his property while making an Instacart delivery. A Florida man was charged with killing and dismembering an Uber Eats delivery driver who brought food to his home. ̷...
Posted: May 04, 2023
Aon has named Andy Marcell CEO of Risk Capital (Commercial Risk and Reinsurance) and Lambros Lambrou CEO of Human Capital (Health, Wealth and Talent), effective immediately. Both leaders will continue to report to Aon President Eric Andersen. Aon sai...
Posted: May 04, 2023