Insurance Journal
New York City officials unveiled three new high-tech policing devices Tuesday, including a robotic dog that critics called creepy when it first joined the police pack 2 1/2 years ago. The new devices, which also include a GPS tracker for …
Posted: Apr 14, 2023
The Texas Department of Insurance, Division of Workers’ Compensation (DWC) has adopted two rules: amendments to 28 Texas Administrative Code (TAC) Chapter 127, Designated Doctor Procedures and Requirements, and amendments to 28 TAC Section 180....
Posted: Apr 13, 2023
The Louisiana Department of Insurance sent out a reminder this week that United Property & Casualty Insurance Company’s (UPC) former policyholders and their insurance agents have until April 28 to secure homeowners insurance in the private...
Posted: Apr 13, 2023
MILWAUKEE (AP) – A landlord has been ordered to pay $1.35 million for a fire that killed two people in Milwaukee in 2019, a newspaper reported. Will Sherard has shown a “reckless disregard” for the condition of his properties, Milwa...
Posted: Apr 13, 2023
CHICAGO (AP) – Michigan researchers have found the wreckage of two ships that disappeared into Lake Superior in 1914 and hope the discovery will lead them to a third that sank at the same time, killing nearly 30 people aboard …
Posted: Apr 13, 2023
Symphony Deerbrook, LLC will pay $400,000 and furnish other relief to settle a pregnancy discrimination lawsuit brought by the U.S. Equal Employment Opportunity Commission (EEOC) over conduct at its Symphony of Joliet facility, the federal agency ann...
Posted: Apr 13, 2023
Google argued Thursday that the U.S. Justice Department’s allegations that it broke antitrust law to build and maintain its dominance of search are flawed and that its lawsuit should be thrown out. The government, which filed its lawsuit in the...
Posted: Apr 13, 2023
Progressive Corp. today reported first quarter net income of about $448 million – a 43% increase compared to the same time last year – though the insurer booked a nearly $152 million loss for the month of March. At the …
Posted: Apr 13, 2023
A substantial wildfire in Manchester Township in New Jersey on federal, state and private property, which reached 3,859 acres in size, has been 100% contained, the state’s forest fire service reported Thursday. The New Jersey Forest Fire Servic...
Posted: Apr 13, 2023
New Jersey firefighters continued to make substantial progress in containing a wildfire in Manchester Township on federal, state and private property. The fire, which reached 3,859 acres in size, was 75% contained by 8:30 Wednesday night, the state&#...
Posted: Apr 13, 2023
Billionaire Warren Buffett assured investors Wednesday that Berkshire Hathaway will be fine when he’s no longer around to lead the conglomerate. Buffett said shareholders shouldn’t worry about the future of the company after Vice Chairman...
Posted: Apr 13, 2023
Seven members of an organized theft crew were arrested yesterday and charged in connection with stealing catalytic converters from more than 470 vehicles in Massachusetts and New Hampshire. For the alleged ringleader, theft was a full-time job, prose...
Posted: Apr 13, 2023
Assicurazioni Generali SpA is close to selling its Deutschland Pensionskasse AG unit to a German firm controlled by Chinese conglomerate Fosun International Ltd, as the Italian insurer reviews its life operations in a bid to improve profitability. Ge...
Posted: Apr 13, 2023
This edition of International People Moves details appointments at AIG Asia Pacific and Gallagher Re. A summary of these new hires follows here. AIG Appoints BHSI’s Colahan as Regional President, AIG Asia Pacific American International Group In...
Posted: Apr 13, 2023
Germany’s ruling coalition presented a scaled-back plan to decriminalize personal use of cannabis in Europe’s largest economy. The proposal would allow adults to possess as much as 25 grams (0.9 ounce) of marijuana and join nonprofit R...
Posted: Apr 13, 2023
The Clear Group, the London-based independent broker, announced the acquisition of Irish commercial broker McAuliffe Barry & Collins Ltd., which trades as MBC Insurance and Techinsure.ie. Clear has acquired 100% of MBC Insurance. Financial detail...
Posted: Apr 13, 2023
Apollo, the London-based independent specialist re/insurer, announced its new ICX Consortium through its “Apollo ibott 1971” division, which provides data-driven embedded insurance solutions for the fast-growing digital economy. Apollo pl...
Posted: Apr 13, 2023
Australia’s northwest region, home to the world’s largest iron ore export hub, was bracing on Thursday for the area’s most powerful tropical cyclone in a decade, as a major port closed and residents rushed to stock up on essential s...
Posted: Apr 13, 2023
The Kremlin warned on Wednesday that the outlook for extending a deal beyond May 18 that allows the safe wartime export of grain and fertilizer from several Ukrainian Black Sea ports was not great as Russia’s own such exports still …
Posted: Apr 13, 2023
E-cigarette maker Juul Labs Inc agreed on Wednesday to pay $462 million over eight years to settle claims by six U.S. states including New York and California, along with the District of Columbia, that it unlawfully marketed its addictive products &#...
Posted: Apr 13, 2023
Former President Donald Trump filed a $500 million lawsuit against his former attorney Michael Cohen for allegedly violating their attorney-client bond and spreading “embarrassing or detrimental” lies. Cohen, whose falling out with Trump...
Posted: Apr 13, 2023
Management failures, not loose regulations, prompted Silicon Valley Bank’s sudden failure last month, a top Federal Deposit Insurance Corporation (FDIC) official said on Wednesday. “Mismanagement of interest rate risk was at the core of S...
Posted: Apr 13, 2023
Florida regulators have given a green light to a new homeowners insurance company, the first since state lawmakers took steps in December to rein in costly claims litigation. Tailrow Insurance Co., part of HCI Group, was approved April 4 by …
Posted: Apr 13, 2023
Florida regulators have given a green light to a new homeowners insurance company, the first since state lawmakers took steps in December to rein in costly claims litigation. Tailrow Insurance Co., part of HCI Group, was approved April 4 by …
Posted: Apr 13, 2023
Florida authorities have charged a Miami man – who has a long record of criminal and civil cases under his name – with insurance fraud after investigators found that some $300,000 in claims were linked to pre-exiting damage to his …
Posted: Apr 13, 2023