Insurance Journal
Doctors are expected to testify this week in a trial about a 2016 ski crash between Gwyneth Paltrow and a retired Utah man suing her and claiming her recklessness left him with lasting injuries and brain damage. On the opening …
Posted: Mar 23, 2023
A recent U.S. labor board ruling limiting what employers can include in severance agreements is a reminder that companies must be careful not to ask workers to sign away their rights, the agency’s top prosecutor said on Wednesday. National Labo...
Posted: Mar 23, 2023
Chinese company ByteDance and its popular social media platform TikTok are facing a wrongful death suit in New York over the 2022 death of a teenager. The suit alleges that TikTok sent thousands of unsolicited suicidal videos to 16 year-old …
Posted: Mar 23, 2023
Chinese company ByteDance and its popular social media platform TikTok are facing a wrongful death suit in New York over the 2022 death of a teenager. The suit alleges that TikTok sent thousands of unsolicited suicidal videos to 16 year-old …
Posted: Mar 23, 2023
Warner Pacific, a large general agency in several Western U.S. states, is reaching eastward with the acquisition of Agents Marketing Group in Miami, the company announced. The acquisition of AMG, a general agency, will expand Warner’s presence...
Posted: Mar 23, 2023
The U.S. property/casualty (P/C) industry recorded a $26.5 billion net underwriting loss in 2022, down $21.5 billion from the prior year’s underwriting loss of $5 billion, according to a report published by AM Best. The underwriting loss came d...
Posted: Mar 23, 2023
More than 18 months after he pleaded guilty to absconding with almost $5 million in premiums, a Florida insurance agent has been sentenced to 14 years in prison. John M. Thomas, 52, the former owner of Thomas Insurance agency in …
Posted: Mar 23, 2023
A city in New Mexico and five counties in Colorado ranked in the top 10 for lowest-risk areas for natural catastrophes. A study by global property information provider CoreLogic detailed the least risky places to live in the U.S. from …
Posted: Mar 23, 2023
MADRID (AP) – Spain has officially entered a period of long-term drought, owing to high temperatures and low rainfall over the past three years, and likely faces another year of heatwaves and forest fires. The country’s Aemet weather agen...
Posted: Mar 23, 2023
Lloyd’s of London swung to a pre-tax loss in 2022 and took writedowns on its fixed-income investments, it said on Thursday. The pre-tax loss was 800 million pounds ($982.56 million), compared with a profit of 2.3 billion pounds a year …
Posted: Mar 23, 2023
Major Japanese shipping company Nippon Yusen KK is seeking a government guarantee to insure vessels at risk from Russia’s war in Ukraine. Conditions for getting war insurance for ships entering Russian territorial water have gotten stricter, sa...
Posted: Mar 23, 2023
An oil tanker runs aground off eastern China, leaking fuel into the water. Another is caught in a collision near Cuba. A third is seized in Spain for drifting out of control. These vessels were part of a “shadow” fleet …
Posted: Mar 23, 2023
A federal judge in Detroit certified class actions for drivers in 26 U.S. states who accused General Motors Corp. of producing faulty transmissions for about 800,000 vehicles from the 2015 to 2019 model years. Monday’s decision by U.S. District...
Posted: Mar 23, 2023
U.S. Supreme Court justices on Wednesday sniffed around for a way to resolve a dispute over a dog toy parodying a Jack Daniel’s whiskey bottle, though they clearly did not consider the case – exploring the boundary between creative expression &...
Posted: Mar 23, 2023
Kentucky’s governor this week signed into law a bill that seeks to make one thing perfectly clear: The Kentucky Insurance Guaranty Association will not pay claims from defunct self-insurers that are not members of the association. “The ne...
Posted: Mar 23, 2023
Kentucky’s governor this week signed into law a bill that seeks to make one thing perfectly clear: The Kentucky Insurance Guaranty Association will not pay claims from defunct self-insurers that are not members of the association. “The ne...
Posted: Mar 23, 2023
Proponents of a new proposal this week to update Washington’s permanent heat rules say they will increase protections for agricultural, construction, and other workers exposed to dangerous outdoor temperatures on the job. The Washington State D...
Posted: Mar 23, 2023
In cannabis, there are the apparent risks – product liability, property, and certainly cyber for medical marijuana operations. However, one of the most apparent risks to a cannabis operation are those that may not get as much media coverage. Environm...
Posted: Mar 23, 2023
A federal investigation into why a 17-year-old worker – who fell 24 feet from the roof of a New Castle, Pennsylvania, home improvement store in October 2022 – was doing work that violated child labor laws led to a wider …
Posted: Mar 23, 2023
HERSreplace, Pennsylvania ‚—-Hershey Co. is looking to reduce “trace” amounts of lead and cadmium in its chocolate, chief financial officer Steve Voskiul told Reuters on Wednesday, after Consumer Reports found that some dark chocolate bar...
Posted: Mar 23, 2023
Texas Governor Greg Abbott has appointed David Bolduc as the Public Counsel for the Office of Public Insurance Counsel (OPIC) for a term set to expire on February 1, 2025. The Office represents the interests of insurance consumers in regulatory ̷...
Posted: Mar 22, 2023
This edition of International People Moves details appointments at media, tech and cyber MGA, Nirvana, and the broker Verlingue. A summary of these new hires follows here. New Specialty MGA Nirvana Taps Sompo’s Mannsdorfer for European Underwri...
Posted: Mar 22, 2023
Chubb Ltd. announced new underwriting criteria for oil and gas extraction projects that will require clients to reduce methane emissions, a by-product of oil and gas production that are among the most severe greenhouse gases. Chubb also announced it...
Posted: Mar 22, 2023
DETROIT (AP) – A deal has been reached over control of an 1888 painting by Vincent van Gogh, lawyers said, weeks after the custody fight created public buzz and much tension near the end of a rare U.S. exhibition in …
Posted: Mar 22, 2023
CHICAGO (AP) – A floor collapsed onto two Chicago firefighters early Tuesday as they were helping battle a residential fire, trapping one of them until he was rescued, officials said. Crews arrived at the townhouse about 4 a.m. on the …
Posted: Mar 22, 2023