Insurance Journal
KANSAS CITY, Mo. (AP) – Kansas City has reached a settlement with one of the gun dealers it accused in a lawsuit of contributing to surging violence in the region by ignoring evidence that firearms were being sold illegally. Kansas …
Posted: Mar 10, 2023
Thirty-four Tyson Foods employees, former employees and family members filed a lawsuit against the company Monday, saying it failed to take appropriate precautions at its meat-packing plants during the early days of the COVID pandemic. In the lawsuit...
Posted: Mar 10, 2023
LITTLE ROCK, Ark. (AP) – The Arkansas House sent the GOP governor a bill Wednesday to make it easier to sue doctors who provide gender-affirming treatment to minors, moving to effectively reinstate the state’s blocked ban on such care. Th...
Posted: Mar 10, 2023
LIBERTY, Mo. (AP) – A jury found UPS Inc. must pay a Missouri family $75 million, after a company driver with a known history of drug abuse collided with a pregnant woman’s car, causing her baby to be born with …
Posted: Mar 10, 2023
DAYTON, Ohio (AP) – Crews found the bodies of five people after a fire destroyed a house that had been vacant for years and recently had been home to about a dozen squatters, fire officials said. Dayton Fire Chief Jeff …
Posted: Mar 10, 2023
Texas’s notoriously opaque natural gas market is getting fresh calls for transparency and oversight, two years after the 2021 winter storm that left millions in the dark and more than 200 dead. Texas Representative John Bryant, a Democrat, is p...
Posted: Mar 10, 2023
When celebrities collect their Oscars on Sunday, none of them will thank insurers. But it’s the insurance industry that makes entertainment production possible, whether it’s movies, live concerts, or even a virtual event. They all need al...
Posted: Mar 10, 2023
A Tennessee lawmaker wants insurance carriers to offer paid family leave insurance as a way to make time off more affordable for employers. House Bill 609, sponsored by state Rep. David Hawk, R-Greenville, would establish a new line of insurance R...
Posted: Mar 10, 2023
A swarm of earthquakes occurring over the past few weeks has intensified at a remote Alaska volcano dormant for over a century, a possible indication of an impending eruption. The Alaska Volcano Observatory raised the alert level to advisory status &...
Posted: Mar 10, 2023
Washington state’s first auction of greenhouse-gas pollution allowances has generated an estimated $300 million as companies, consumers and the Legislature get a glimpse of the cost of emitting greenhouse gases that are increasing climate catas...
Posted: Mar 10, 2023
Federal workplace safety inspectors have cited a New York thermometer manufacturer for overexposing its employees to mercury at its West Babylon facility. Occupational Safety and Health Administration (OSHA) inspectors said they determined Kessler Th...
Posted: Mar 10, 2023
A Norfolk Southern train derailed Thursday in Alabama, just hours before the rail company’s CEO testified in Congress about last month’s fiery derailment of an Ohio train carrying hazardous chemicals. The northeast Alabama incident, the l...
Posted: Mar 10, 2023
AM Best announced Thursday that it has downgraded the financial strength rating to A (excellent) from A+ (superior) and the long-term issuer credit ratings to “a+” (Excellent) from “aa-” (Superior) of SCOR SE and its main oper...
Posted: Mar 10, 2023
According to a new analysis by the National Insurance Crime Bureau, more than one million vehicles were stolen in the United States last year – marking a 7% increase over 2021. Monthly theft totals nationwide consistently exceeded 75,000 in 2022. ...
Posted: Mar 10, 2023
Environmental organizations have filed a civil rights complaint against Alabama, accusing the state of discriminating against minority communities in how it distributes funding for wastewater infrastructure, including money for families who need help...
Posted: Mar 10, 2023
Voters in Vermont’s largest city have rejected a proposal for a community police oversight board that would have had the authority to discipline and remove Burlington police officers. Burlington Mayor Miro Weinberger, a Democrat, vetoed a simil...
Posted: Mar 10, 2023
Mehmet Alkan, a shoe-sole manufacturer in Turkey’s earthquake-hit south, doesn’t know what will become of his company after some of his 220 employees died and half fled, reflecting the difficult transformation ahead for industry in the re...
Posted: Mar 10, 2023
Asta, the leading third-party managing agent at Lloyd’s, announced it is strengthening its global presence by establishing a service company in Singapore. With the Asian market presenting extensive opportunities, Asta has launched a service com...
Posted: Mar 10, 2023
Allianz Group announced it is restructuring its global commercial insurance segment as one go-to-market business under the trading name Allianz Commercial, which will encompass its Allianz Global Corporate & Specialty (AGCS) business, serving lar...
Posted: Mar 10, 2023
A new Chinese financial watchdog will help bridge regulatory gaps but analysts and investors say the agency will consolidate power at the top and could introduce more state and party intervention. In a major shake-up, China will set up the …
Posted: Mar 10, 2023
Apollo, the London-based independent specialist insurer and reinsurer, announced a three-year agreement with Praedicat, the California-based emerging risk analytics and modeling company, that will deploy Praedicat’s technology and data for Apol...
Posted: Mar 10, 2023
Seven of the UK’s 10 largest listed companies have failed to comply with the FCA’s new gender-diversity quotas, a reminder of the scale of the challenge facing businesses as they look to improve diversity in their upper ranks. AstraZeneca...
Posted: Mar 10, 2023
The year 2022 is in the books for most U.S. property/casualty insurers as the days tick down to statutory filing deadlines. Putting the numbers together, AM Best revealed just how bad the aggregate results looked overall. The rating agency’s re...
Posted: Mar 10, 2023
The European Central Bank plans to test the cyber resilience of the euro zone’s top banks after a sharp rise in cyberattacks, including after Russia’s invasion of Ukraine, ECB supervisory chief Andrea Enria told a Lithuanian newspaper. &#...
Posted: Mar 10, 2023
Regardless of where you call home, we all face growing risk of damage related to extreme weather. Hurricanes, wildfires, winter storms, tornadoes and hail pose increased risk for homes, businesses and communities across the country. According to the...
Posted: Mar 10, 2023