Insurance Journal
Atlanta-based NCR Corp., one of the largest makers of payment systems, self-checkout technology and ATMs, said it had been targeted this week by a ransomware attack, affecting some customer restaurants. An NCR data center was disabled by the attack,...
Posted: Apr 18, 2023
American consumers may be waiting longer than expected for Royal Philips NV to replace sleep apnea devices that were recalled, the US drugs regulator has warned. The number of replacement and remediated devices sent to consumers in the US is …
Posted: Apr 18, 2023
Billionaire Elon Musk said on Monday he will launch an artificial intelligence (AI) platform that he calls “TruthGPT” to challenge the offerings from Microsoft and Google. He criticized Microsoft-backed OpenAI, the firm behind chatbot sen...
Posted: Apr 18, 2023
Everspan Group said it has partnered with specialty MGA Ledgebrook on a new program offering general liability and supported excess liability to mid-market businesses. Coverage will be distributed through wholesale brokers. Built upon the foundationa...
Posted: Apr 18, 2023
California Insurance Commissioner Ricardo Lara made two reappointments to the California Workers’ Compensation Insurance Rating Bureau’s governing committee. Diana Rich is the director of risk management for Foundation Building Materials,...
Posted: Apr 18, 2023
The U.S. Supreme Court on Tuesday is set to hear an evangelical Christian former mail carrier’s claim of religious discrimination against the U.S. Postal Service after he was disciplined for refusing to work on Sundays in a case that could R...
Posted: Apr 18, 2023
Annual challenge begins April 24, raises funds in the fight against childhood hunger in US & UK LOS ANGELES (April 13, 2021) – The Insurance Industry Charitable Foundation (IICF), a unique nonprofit organization dedicated to helping communities a...
Posted: Apr 18, 2023
Resolute Global Partners, an investment adviser specializing in insurance and reinsurance, announced the launch of “Footprint,” a new type of reinsurance contract, which the firm created in collaboration with global reinsurance broker Gal...
Posted: Apr 18, 2023
Chinese regulators are expected to fine Ant Group about a quarter less than the more than $1 billion initially planned and downgrade their charges against it, sources said, as they seek to end a years-long crackdown on marquee technology firms. ̷...
Posted: Apr 18, 2023
Pro MGA Global Solutions, the independent managing general agent (MGA) incubator, announced its incubation partnership with specialty MGA Nirvana. Nirvana is led by CEO Kabir Chanrai and Executive Chairman Rob Jones, along with Thomas Mannsdorfer, he...
Posted: Apr 18, 2023
Greenpeace and other campaign groups are set to take the European Commission to court on Tuesday, seeking to overturn European Union rules that class nuclear energy and natural gas as climate-friendly investments. The groups are targeting the EU̵...
Posted: Apr 18, 2023
WTW Names Doddington North America Proposition Leader WTW has appointed Laura Doddington as North America proposition leader – pricing, product, claims and underwriting personal lines for insurance consulting and technology. Doddington is based in To...
Posted: Apr 18, 2023
Nine states, including Michigan and Nebraska, have joined a U.S. Department of Justice lawsuit against Alphabet’s Google which alleges the search and advertising company broke antitrust law in running its digital advertising business, the depar...
Posted: Apr 18, 2023
Kojima Industries Corp. is a small company and little-known outside Japan, where it produces cup holders, USB sockets and door pockets for car interiors. But its modest role in the automotive supply chain is a critical one. And when the …
Posted: Apr 18, 2023
A Japanese insurer with $65 billion of assets plans to offload all its currency-hedged foreign debt holdings, foreshadowing what may become a renewed wave of selling by some of the biggest investors in global bond markets. Fukoku Mutual Life Insuranc...
Posted: Apr 18, 2023
Celebrities who promoted FTX, including NFL quarterback Tom Brady and comedian Larry David, said an investor lawsuit seeking damages in the wake of the cryptocurrency exchange’s collapse should be dismissed. The proposed class action in Miami a...
Posted: Apr 18, 2023
In 2015, the Shilo Christian Center in Melbourne, Florida, cut its property insurance premiums in half by asking its insurer to drop coverage for named windstorms. Hurricane Matthew struck the next year, ripping the roof of the church and unleashing...
Posted: Apr 18, 2023
Florida property insurers are preparing for another assessment on premiums to help the Florida Insurance Guaranty Association fund outstanding claims from an insolvent insurer. The 1% emergency assessment on all premium for new and renewing policies,...
Posted: Apr 18, 2023
Emergency crews extinguished a fire at a Georgia chemical plant shortly after 10 p.m. Saturday, allowing officials to lift a shelter-in-place order issued in the afternoon when the fire broke out for the second time in the day. The fire …
Posted: Apr 18, 2023
Bad-faith litigation is a hot topic in Florida following the passage of the new tort-reform measure known as House Bill 837. However, even in the face of reasonable legislative changes, it remains important for insurers and their adjusters to be R...
Posted: Apr 18, 2023
Capitola in California has raised $15.6 million in its Series A funding round led by Munich Re Ventures. The firm reports this round will be used to grow Capitola’s platform with an emphasis on its market intelligence capabilities and to …...
Posted: Apr 18, 2023
Ten years ago, on April 15, 2013, two brothers placed pressure cooker bombs near the finish line of the Boston Marathon. The devices detonated within seconds of each other, killing three people, injuring more than 260 others, and causing property ...
Posted: Apr 18, 2023
California private security company owner Luis Burgos, 50, and his former business partner, Sohan Singh, 57, were charged for their alleged involvement in a workers’ compensation insurance fraud scheme after an investigation by the Central Vall...
Posted: Apr 18, 2023
A truck containing hundreds of thousands of dollars worth of dimes was broken into while it was parked overnight at a Philadelphia store, and authorities say the thieves apparently made off with at least $100,000. The theft was reported around …...
Posted: Apr 18, 2023
SANDWICH ACADEMY GRANT TOWNSHIP, Maine (AP) – Railway owner Canadian Pacific Kansas City is leading cleanup and track repairs following a freight train derailment and fire in Maine that sent three railway workers to the hospital for treatment,...
Posted: Apr 18, 2023