Insurance Journal
CONWAY, N.H. (AP) – Bakery owner Sean Young was thrilled when high school art students covered the big blank wall over his doorway last spring with a painting of the sun shining over a mountain range made of sprinkle-covered chocolate …
Posted: Apr 19, 2023
A Johnson & Johnson subsidiary is again asking a U.S. judge to pause tens of thousands of lawsuits alleging the company’s baby powder and other talc products cause cancer, as it seeks to resolve the litigation in bankruptcy after a …
Posted: Apr 19, 2023
This post is part of a series sponsored by AgentSync. Supply chain disruptions, increased consumer demands, a tight labor market, a global pandemic, a couple natural disasters, and a war. These are just a few of the causes that combined …
Posted: Apr 19, 2023
The UK government’s cyber defense agency warned on Wednesday of an emerging threat to Western critical national infrastructure posed by hackers sympathetic to Russia and its war on Ukraine. Russia-aligned “hacktivists” have carried...
Posted: Apr 19, 2023
Fox News’s agreement to pay $787.5 million to settle a voting machine maker’s defamation lawsuit over the network’s 2020 election broadcasts leaves a similar, $2.7 billion suit by voting technology company Smartmatic Corp. to reckon...
Posted: Apr 19, 2023
Fox News agreed to pay $787.5 million to settle a voting machine maker’s lawsuit alleging the network defamed it by airing bogus claims that it rigged the 2020 presidential election against Donald Trump, Dominion Voting Systems Inc. said. The n...
Posted: Apr 19, 2023
Transport Canada said on Tuesday Hyundai Auto Canada Corp pleaded guilty to six different counts of criminal charges for violating the Motor Vehicle Safety Act. Hyundai Auto Canada failed to send out notices of safety defect within the prescribed tim...
Posted: Apr 19, 2023
Some Japanese banks may soon come under the spotlight for potential “gender washing” over the way they count the number of women in management positions. Japan’s Financial Services Agency found a big discrepancy in responses from a...
Posted: Apr 19, 2023
Ascot Group Names Williams U.S. CIO Ascot Group has appointed Owen Williams to the newly created role of chief information officer (CIO), Ascot U.S., headquartered in New York, New York. Williams has been working in the insurance and technology secto...
Posted: Apr 19, 2023
Canada’s Desjardins Group is seeking acquisitions in the property and casualty (P/C) insurance space as it seeks to boost its presence across the country, CEO Guy Cormier told Reuters on Tuesday. Cormier said the Quebec-based cooperative financ...
Posted: Apr 19, 2023
After five years of tweaks to Florida’s insurance and tort laws, all designed to reduce the vast amount of claims litigation and – eventually – bring down property rates, many in the industry argue that there’s still one big piece …
Posted: Apr 19, 2023
Editor’s note: This article first ran in Insurance Journal’s sister publication, Carrier Management, earlier this month. It was written by CM Editor Susanne Sclafane. The National Council on Compensation Insurance, which turns 100 years o...
Posted: Apr 19, 2023
After five years of tweaks to Florida’s insurance and tort laws, all designed to reduce the vast amount of claims litigation and – eventually – bring down property rates, many in the industry argue that there’s still one big piece …
Posted: Apr 19, 2023
A judge has agreed to seal from public view the terms of a proposed settlement agreement that benefits the son of slain cinematographer Halyna Hutchins, in a wrongful death lawsuit against actor Alec Baldwin and an array of producers and …
Posted: Apr 19, 2023
Four Native Americans who say they were abused by three Roman Catholic priests on their reservation in Maine are the latest to bring lawsuits since the state fully lifted the statute of limitations for child sex crimes. The Penobscot Nation …
Posted: Apr 19, 2023
Classrooms across Tucson, Arizona, were ravaged by ransomware in January that locked up computer systems and forced teachers to revamp lesson plans. Officials in southern Arizona’s largest school district tried assuring students and staff for w...
Posted: Apr 19, 2023
The son of the late Major League Baseball Hall of Famer Roberto Clemente alleges that Allstate Insurance Co. committed fraud when it cancelled his family agency’s agreement after accusing them of fraud for using auto insurance discounts that th...
Posted: Apr 19, 2023
As a child, Lawrance W. McFarland lived on a small piece of land on a Native American reservation in Palm Springs he described as a “little world of its own,” surrounded by the parts of the city that were tourist …
Posted: Apr 19, 2023
Ryan Specialty Promotes RT Specialty Leaders Austenfeld and Houska Ryan Specialty Holdings, Inc. has promoted Brenda (Ballard) Austenfeld and Chris Houska to CEO and president of their respective RT Specialty practices, the wholesale brokerage specia...
Posted: Apr 18, 2023
The U.S. Securities and Exchange Commission met on Friday to open public comment again on its proposal to expand the definition of an “exchange,” clarifying that its existing rules on exchanges also apply to decentralized cryptocurrency p...
Posted: Apr 18, 2023
Two excess insurers may be liable for the more than $20 million that ExxonMobil Corp. paid to settle lawsuits filed by a contractor’s employees who were badly burned while working at an Exxon refinery, the Texas Supreme Court ruled. The …
Posted: Apr 18, 2023
RICHMOND, Ind. (AP) – Authorities in eastern Indiana lifted a dayslong evacuation order late Sunday afternoon for an area near a plastics fire after they said it was determined air quality and other environmental concerns related to the fire we...
Posted: Apr 18, 2023
MINNEAPOLIS (AP) – Minnesota announced a settlement Monday in its lawsuit against Juul Labs and tobacco giant Altria – the first of thousands of cases against the e-cigarette maker to reach trial – just ahead of closing arguments. T...
Posted: Apr 18, 2023
CHICO, Texas (AP) – A train collision and subsequent derailment injured two rail employees in Texas, according to a company official. A Union Pacific freight train collided with an unoccupied train that was parked on a siding around 7 p.m. R...
Posted: Apr 18, 2023
Everest Names Mulray President of North America Insurance Everest Re Group Ltd., the Bermuda-based property/casualty, and specialty re/insurer, announced the appointment of Mike Mulray as executive vice president and president of North America Insura...
Posted: Apr 18, 2023