Insurance Journal
Insurance broker World Insurance Associates reports that it has acquired the business of Thomas J. Woods Insurance Agency, Inc. of Worcester, Massachusetts. TJ Woods was founded in 1949, and is a property/casualty agency, providing personal and busin...
Posted: Apr 13, 2023
An electric bicycle powered by a lithium ion battery is being blamed for a fatal fire on Monday in New York City that killed two children, marking the latest in a string of e-bike-related fires in the city. FDNY Chief …
Posted: Apr 13, 2023
A Boston woman recently guilty in federal court in Boston to her role in a scheme to defraud an insurance provider for physical therapy services that were not provided to patients. Gyulnara Bayryshova pleaded guilty to one count of conspiracy …
Posted: Apr 13, 2023
An offshore pipeline involved in a 2021 oil spill that fouled Southern California beaches is being put back in service, the operator said. Amplify Energy Corp. said that it received approval from federal regulatory agencies to restart operations and...
Posted: Apr 13, 2023
An environmental group has sued to block Pacific Gas & Electric from seeking to extend the federal operating licenses for California’s last nuclear power plant. A complaint filed in San Francisco Superior Court by Friends of the Earth asks...
Posted: Apr 13, 2023
A Pennsylvania candy-maker ignored warnings of a gas leak at its chocolate factory and bears responsibility for a subsequent explosion that killed seven workers and injured several others, according to a lawsuit filed Tuesday. The family of Judith &#...
Posted: Apr 13, 2023
Three Alaska Native tribes have sued to block what they say would be one of the largest gold mines in the world, arguing that federal agencies failed to properly analyze health and environmental concerns for the project in southwest Alaska. …
Posted: Apr 13, 2023
Five defendants were arraigned this week on multiple felony counts of insurance fraud after a California Department of Insurance investigation found a landscaping company some of the defendants owned allegedly underreported wages to their insurer to...
Posted: Apr 13, 2023
The Texas Windstorm Insurance Associated Board of Directors will meet Tuesday, April 18 to discuss taking possible action on the TWIA’s reinsurance purchase for the 2023 storm season. TWIA’s reinsurance broker, Gallagher Re, will present...
Posted: Apr 12, 2023
Texans who suffer from chronic pain and potentially other debilitating conditions would be able to access the state’s medical marijuana program under a bill advanced by the Texas House on Tuesday. The bipartisan legislation, sponsored by House...
Posted: Apr 12, 2023
This edition of International People Moves details appointments at Sompo International, Oneglobal Broking and Vantage Group Holdings. A summary of these new hires follows here. Sompo Int’l Promotes Cañellas to Iberia Country Manager, Insurance...
Posted: Apr 12, 2023
Luebbering Insurance Agency recently joined Valley Insurance Agency Alliance (VIAA), a cohesive family of more than 160 independent insurance agencies in Missouri and Illinois. Founded in 1991, Luebbering Insurance Agency was created by owner Dennis...
Posted: Apr 12, 2023
When word surfaced that soils and liquids laced with chemicals from the East Palestine, Ohio, train derailment were being sent to southeastern Michigan for storage, local residents and politicians were livid. “People were seeing pictures of wha...
Posted: Apr 12, 2023
UNION, Neb. (AP) – Overnight rain helped firefighters get control of two wildfires Monday in southeast Nebraska near the Missouri River. Nebraska officials said after Gov. Jim Pillen surveyed the damage that the fire near Beaver Lake was about...
Posted: Apr 12, 2023
America’s cybersecurity watchdog has no confidence that the cellular network used by American first responders and the military is secure against digital intrusions, U.S. Senator Ron Wyden said in a letter released Wednesday. The letter from th...
Posted: Apr 12, 2023
Bills that would ban assignment of benefits for windshield repairs moved a step closer to becoming law this week after they passed their third and final committee stops. A late amendment to the bills would bar insurance companies and agents …
Posted: Apr 12, 2023
A U.S. appeals court on Tuesday revived a lawsuit alleging HP Inc. defrauded shareholders by secretly using unprofitable tactics to boost sales of its printing supplies in 2015 and 2016. The 9th U.S. Circuit Court of Appeals reversed a judge’s...
Posted: Apr 12, 2023
Activist investor Daniel Loeb is looking to take insurance firm SiriusPoint Ltd. private, the founder of hedge fund Third Point said in a regulatory filing, sending the shares of the company up 13% in early trading on Wednesday. The billionaire ̷...
Posted: Apr 12, 2023
Activist investor Daniel Loeb is looking to take insurance firm SiriusPoint Ltd. private, the founder of hedge fund Third Point said in a regulatory filing, sending the shares of the company up 13% in early trading on Wednesday. The billionaire ̷...
Posted: Apr 12, 2023
The massive rainfall and snow California received this winter will likely delay the upcoming wildfire season for the state – though all that moisture is unlikely to curtail it much if at all, a wildfire report out today shows. The …
Posted: Apr 12, 2023
Aspect Labs Ltd., the London-based re/insurance managing general agent, has officially opened its doors for business – targeting small-to-mid-market risks that are not big enough for Lloyd’s of London. Initially focusing on the direct and facul...
Posted: Apr 12, 2023
Insurers paid out more than $1 billion in dog-related injury claims in 2022, a 28% increase over 2021 even though the number of claims decreased last year, according to the Insurance Information Institute (Triple-I) and State Farm. There were 17,597...
Posted: Apr 12, 2023
The U.S. Environmental Protection Agency (EPA) on Wednesday proposed sweeping emissions cuts for new cars and trucks through 2032, a move it says could mean two out of every three new vehicles automakers sell will be electric within a decade. …
Posted: Apr 12, 2023
An East Hartford man has pleaded guilty to participating in a stolen catalytic converter trafficking ring. Bryant Bermudez pleaded guilty to one count of conspiracy to commit interstate transportation of stolen property and three counts of interstate...
Posted: Apr 12, 2023
There is a lot of talk about the insurance industry being slower to adopt new technologies, such as artificial intelligence, but Counterpart CEO Tanner Hackett and Socotra CEO Dan Woods both agreed on the latest episode of The Insuring Cyber …
Posted: Apr 12, 2023