Insurance Journal
/A U.S. judge on Tuesday ordered Russia’s largest cargo airline to pay aircraft lessor BOC Aviation Ltd. $406.2 million after being declared in default on leases for three Boeing 747-8 freighters following Russia’s invasion of Ukraine. U....
Posted: Apr 12, 2023
French investigators are treating the deaths of at least six people who were killed when a building collapsed in the city of Marseille as a possible “involuntary homicide” case, a prosecutor said Tuesday. Prosecutor Dominique Laurens said...
Posted: Apr 12, 2023
NFP, a New York City-based property/casualty broker, announced it has acquired Gravity Risk Services Ltd., an insurance broker based in the West Midlands, England. Financial terms of the deal were not disclosed. NFP will integrate Gravity’s ris...
Posted: Apr 12, 2023
German shipbuilder Lürssen, which makes military vessels as well as luxury yachts, has become the target of a ransomware cyberattack. The Bremen-based company was attacked over the Easter holiday period, company spokesman Oliver Grün said Tuesday. &#...
Posted: Apr 12, 2023
Strong Named New N2G CEO N2G Worldwide Insurance Services, LLC has named Kevin M. Strong its new chief executive officer. Strong replaces retiring N2G CEO Bill Skapof, who has led the company since 2020. Strong has more than 20 years …
Posted: Apr 12, 2023
A Johnson & Johnson company on Tuesday defended its second attempt to resolve talc lawsuits in bankruptcy, telling a U.S. judge it can quickly build consensus around its $8.9 billion settlement offer despite doubts about its assertion that 60,000...
Posted: Apr 12, 2023
Kin Insurance and its reciprocal exchange program have expanded into Mississippi, just as tornado damage may be worsening in the state. Mississippi saw 184 tornadoes in 2022, ranking it first in the nation for tornado activity and up sharply from ...
Posted: Apr 12, 2023
Alera Group, a nationwide wealth services and insurance firm, has acquired Wilson, Washburn & Forster, 62-year-old insurance agency in Miami. Wilson Washburn, founded in 1961, offers commercial and personal lines products, including coverage for...
Posted: Apr 12, 2023
Washington Insurance Commissioner Mike Kreidler issued fines in March totaling $578,363 against insurance companies that violated state insurance laws and regulations. Following is a breakdown of who was fined, and the commissioner’s stated rea...
Posted: Apr 12, 2023
A California Department of Insurance-led investigation with assistance from the California Department of Justice has resulted in the arraignment of 12 suspects on more than 110 felony counts including conspiracy, insurance fraud, and grand theft for...
Posted: Apr 12, 2023
A Maine woman is suing a school district whose counselor encouraged her teen’s social gender transition, providing a chest binder and using a new name and pronouns, without consulting parents. It’s the latest lawsuit to pit a parent’...
Posted: Apr 12, 2023
A grand jury in Virginia has indicted the mother of a 6- year-old boy who shot his teacher on charges of child neglect and failing to secure her handgun in the family’s home, a prosecutor said Monday. A grand jury …
Posted: Apr 12, 2023
Circumstantial evidence suggesting a fire that damaged four buildings in the Queens neighborhood of New York City was caused by improper use of extension cords was not enough to allow an insurer to proceed with a subrogation lawsuit, a federal …...
Posted: Apr 12, 2023
CHESTERFIELD, Mo. (AP) – The family of a man who drowned on a canoe trip is suing two state agencies, alleging a dangerous dam was to blame. The St. Louis Post-Dispatch reports that Caleb Gage, of Ballwin, was 32 last …
Posted: Apr 11, 2023
Alden Short and Hinson Jennings, a Dallas-based property management company, will pay $85,000 and furnish other relief to settle a national origin harassment lawsuit filed by the U.S. Equal Employment Opportunity Commission (EEOC), the agency announc...
Posted: Apr 11, 2023
KENDLETON, Texas (AP) – No injuries were reported after three empty tank cars derailed but remained upright in a Southeast Texas rail yard on Monday, the train’s owner said. A locomotive leaked fuel but it was contained, Kansas City South...
Posted: Apr 11, 2023
CARNEY, Okla. (AP) – A magnitude 4.0 earthquake was among a series of six tremors that struck central Oklahoma last Thursday morning, according to the U.S. Geological Survey. No injuries or serious damage were reported following the quakes that...
Posted: Apr 11, 2023
The husband of a deceased worker is not ineligible for workers’ compensation death benefits merely because he no longer lived with his wife when she died, a divided Iowa Supreme Court ruled Friday. In a 4-2 decision, the high court …
Posted: Apr 11, 2023
A U.S. judge rejected requests to sever JPMorgan Chase & Co’s lawsuit accusing former executive Jes Staley of concealing what he knew about Jeffrey Epstein from two related lawsuits over its work for the late sex offender. Monday’s de...
Posted: Apr 11, 2023
Arch Insurance today said it has acquired Thimble, an insurtech platform that enables small businesses to get insurance coverage by the job, month or year using app, website, or over the phone. Terms were not disclosed. Arch said the acquisition R...
Posted: Apr 11, 2023
This edition of International People Moves details appointments at Generali Global Corporate & Commercial (GC&C), Gallagher Re and Mosaic Insurance. A summary of these new hires follows here. Generali Global Corporate & Commercial France...
Posted: Apr 11, 2023
Crews could face a difficult cleanup task after a 25-car train derailment spilled powdered clay and cases of beer beside a scenic western Montana river, leaving some cars off the tracks in a narrow, century-old tunnel with limited access, officials &...
Posted: Apr 11, 2023
A woman was arrested after she pushed a burning shopping cart into a Los Angeles police station, damaging the lobby, authorities said. Mishauna Eaton, 30, was arrested on suspicion of arson and was being held on $250,000 bail, police said. …
Posted: Apr 11, 2023
A woman who was wrongfully arrested in 2020 for a Scottsdale hit-and-run has settled her lawsuit with the city for $200,000. Benjamin Taylor, an attorney for Yessenia Garcia, announced the settlement Thursday. Garcia had filed a federal lawsuit for c...
Posted: Apr 11, 2023
Southeastern states’ coastlines have seen a dramatic rise in sea levels since 2010, according to two academic studies, raising new concerns for major population areas and for property insurers. “The acceleration is most notable on the Sou...
Posted: Apr 11, 2023