Insurance Journal
Toronto-based Fairfax Financial Holdings Ltd.’s ratings are unaffected following last week’s announcement it has entered into a definitive agreement to acquire an additional 46.32% of Gulf Insurance Group (GIG) from Kuwait Projects Co. (K...
Posted: Apr 24, 2023
Fox Corp.’s $787.5 million settlement with Dominion Voting Systems over defamation charges is eye-popping, but the ultimate cost to the media company is likely to be much lower. Fox settled with Dominion over charges that Fox News baselessly ac...
Posted: Apr 24, 2023
North Carolina lawmakers are hoping to capitalize on Walt Disney World’s feud with the Florida governor, and have introduced a bill that would fund a study and incentives for luring Disney north. Senate Bill 594, titled Mickey’s Freedom R...
Posted: Apr 24, 2023
Prosecutors have formally dismissed an involuntary manslaughter charge against Alec Baldwin in the fatal 2021 shooting of a cinematographer on the set of the Western film “Rust,” citing new evidence and the need for more time to investiga...
Posted: Apr 24, 2023
California will provide 100% of the water requested by cities and farms for the first time in years thanks to winter storms that filled reservoirs and runoff from a record snowpack, regulators announced. The State Water Project will provide full R...
Posted: Apr 24, 2023
California will provide 100% of the water requested by cities and farms for the first time in years thanks to winter storms that filled reservoirs and runoff from a record snowpack, regulators announced. The State Water Project will provide full R...
Posted: Apr 24, 2023
W.R. Berkley Corp. President and CEO Robert Berkley said the insurer is not going to follow the directors and officers market “down the drain.” During a call with analysts to discuss first quarter earnings, Berkley said the D&O market...
Posted: Apr 24, 2023
National specialty insurance broker Risk Strategies announced its acquisition of JW Surety Bonds, a large volume bond producer, along with sister companies Bryant Surety Bonds, Inc. and Lance Surety Bonds Associates, Inc. Headquartered in Pipersville...
Posted: Apr 24, 2023
Florida Gov. Ron DeSantis asked the Biden administration on Saturday to declare Broward County a disaster area due to flooding earlier this month after record rainfall. The flooding, from record rainfall, was so great that it will likely force Fort &...
Posted: Apr 24, 2023
A crash involving a fuel truck and a car sparked a fire on a major Connecticut highway bridge Friday, with flames spreading to land on one side and officials closing Interstate 95 in both directions during the blaze. Officials said …
Posted: Apr 24, 2023
A widow and her family are suing Celebrity Cruises for allegedly mishandling her husband’s body after he died while they were on a ship last year, saying it was left to decompose and they suffered extreme emotional trauma. After Marilyn …
Posted: Apr 24, 2023
SANDWICH ACADEMY GRANT TOWNSHIP, Maine (AP) – The Maine Department of Environmental Protection is taking Canadian Pacific Kansas City to task over the cleanup following a freight train derailment and fire. Commissioner Melanie Loyzim sent a let...
Posted: Apr 24, 2023
Moscow may retaliate if Group of Seven countries proceed with a total ban on most exports to Russia by withdrawing from the safe-transit deal that allows Ukraine to ship grains from Black Sea ports, said Dmitry Medvedev, deputy chair of …
Posted: Apr 24, 2023
AUSTIN, Texas. April 24, 2023 – Today ePayPolicy announced the addition of Finance Connect to their suite of insurance payments and reconciliation products for insurance companies. Finance Connect enables insurance companies to offer premium fi...
Posted: Apr 24, 2023
Howden Group Holdings announced it has successfully raised more than £875 million ($1.1 billion) across both debt and equity, with total cash and facilities available for investment in M&A, new initiatives and talent in excess of £1 billion ($1.2...
Posted: Apr 24, 2023
Howden Group Holdings announced it has successfully raised more than £875 million ($1.1 billion) across both debt and equity, with total cash and facilities available for investment in M&A, new initiatives and talent in excess of £1 billion ($1.2...
Posted: Apr 24, 2023
Issuing “catastrophe bonds” and setting up public-private partnerships could help plug the “insurance gap” to better cover damage from climate change, a discussion paper from the European Central Bank and European Union insura...
Posted: Apr 24, 2023
Assicurazioni Generali SpA is looking to sell Tua Assicurazioni, a unit inherited from its purchase of a smaller Italian rival, people with knowledge of the matter said. The insurer has hired advisers to sell the non-life company, which is valued ...
Posted: Apr 24, 2023
Attorneys general in 17 states on Thursday urged the federal government to recall millions of Kia and Hyundai cars because they are too easy to steal, a response to a sharp increase in thefts fueled by a viral social media …
Posted: Apr 24, 2023
Tobacco giant Altria Group Inc is set to face trial Monday in a lawsuit by San Francisco’s public school district accusing the company of fueling a teen vaping epidemic, along with e-cigarette maker Juul Labs Inc. The San Francisco Unified R...
Posted: Apr 24, 2023
Tesla Inc. was found by a Los Angeles jury not to be at fault following a trial over a driver’s claim that the Autopilot feature in her Model S caused her to veer into the center median of a city …
Posted: Apr 24, 2023
Paramount Global directors agreed to a $167.5 million settlement of investors’ lawsuits over the controversial 2019 merger of CBS Corp. and Viacom Inc. that created the entertainment company, according to a securities filing The settlement with...
Posted: Apr 24, 2023
Four companies that sell vaping devices have filed a federal lawsuit against Kinsale Insurance Co., claiming the insurer dropped coverage for batteries but failed to fully inform the policyholders before denying a claim. If it goes to trial and appea...
Posted: Apr 24, 2023
The family of a northern Virginia man fatally shot by U. S. Park Police officers has reached a $5 million settlement in its civil lawsuit against the government. Two officers shot 25-year-old Bijan Ghaisar of McLean in November 2017 after …
Posted: Apr 24, 2023
Delaware Gov. John Carney said Friday that he will allow bills legalizing recreational marijuana use by adults in the state and authorizing the establishment of a state-licensed and regulated cannabis industry to become law without his signature. The...
Posted: Apr 24, 2023