Insurance Journal

JPMorgan Must Hand Over CEO Dimon’s Records in Jeffrey Epstein Lawsuit

A U.S. judge on Thursday ordered JPMorgan Chase & Co. to hand over more documents concerning Chief Executive Jamie Dimon to the U.S. Virgin Islands for the territory’s lawsuit accusing the bank of aiding in Jeffrey Epstein’s sex traff...

Posted: Mar 10, 2023

Georgia Insulation Maker Fined $432,400 After Worker’s Head Injury

The U.S. Occupational Health and Safety Organization has cited a Georgia insulation manufacturer after a 21-year-old worker suffered severe head trauma when he was caught in a machine’s roller. Bonded Logic Inc., in Lafayette, Georgia, was cite...

Posted: Mar 10, 2023

1 Worker Killed, 3 Injured in Wall Collapse at Manhattan Demolition Site

A worker died after a wall collapsed at a New York City demolition site and buried him in rubble, authorities said. The collapse happened Tuesday at a three-story building being demolished on Lafayette Street in lower Manhattan, city Department of &#...

Posted: Mar 10, 2023

Court Finds Medical Malpractice Suit Partially Time-Barred, Trims Jury Award by $1.2M

A Pennsylvania Superior Court three-judge panel has slashed $1.2 million from a $2.7 million jury award in a medical malpractice case alleging two cancer misdiagnoses, finding that one of the claims was not brought until after the statute of limitati...

Posted: Mar 10, 2023

Colorado Officer Charged in Shootout Sued by Injured Bystander

A police officer accused of accidentally shooting five bystanders as he fired at an armed man as bars let out in downtown Denver last year is being sued. Angelica Rey, one of the bystanders, filed the lawsuit against Officer Brandon …

Posted: Mar 10, 2023

Mercury Insurance in California Names Pang Chief Technology Officer

Mercury General Corp. named Wilson Pang chief technology officer to lead its technological transformation efforts. As part of Mercury’s executive leadership team, Pang will develop and drive digital transformation strategies and will be respons...

Posted: Mar 10, 2023

Athletes File Class Action Against Ivy League Schools Over No-Scholarship Policy

A pair of basketball players from Brown University allege in a federal lawsuit that the Ivy League’s policy of not offering athletic scholarships amounts to a price-fixing agreement that denies athletes proper financial aid and payment for thei...

Posted: Mar 10, 2023

Live by Prop 103, Die by Prop 103

Wildfire has hit Assemblymember Damon Connolly’s (D-San Rafael) Northern California district particularly hard in recent years, including the devastating Glass and LNU Lightning Complex fires in 2020, the Nuns and Tubbs fires in 2017, and the V...

Posted: Mar 09, 2023

Ohio Insurance Department Warns of ‘Past Posting’ Fraud Scheme

The Ohio Department of Insurance warned of an insurance fraud scheme committed after an auto accident or property damage that is trending in the state. Named the “past posting” scheme, the term describes the action of a person attempting...

Posted: Mar 09, 2023

NTSB Investigates Fatal Helicopter Crash Along Texas Gulf Coast

SEADRIFT, Texas (AP) – A helicopter crash along the Texas Gulf Coast killed two people, according to the local sheriff. The Robinson R44 helicopter was flying from Port O’Connor to the Calhoun County- Port Lavaca Airport about 20 miles (3...

Posted: Mar 09, 2023

Minnesota Governor Signs ‘Drivers License For All” Law

ST. PAUL, Minn. (AP) – Immigration status will no longer disqualify more than 80, 000 people from getting Minnesota drivers licenses under a bill signed by Gov. Tim Walz on Tuesday. Supporters of the effort, dubbed “driver’s license...

Posted: Mar 09, 2023

Ex-Blue Bell CEO to Plead Guilty to Misdemeanor Over 2015 Listeria Outbreak

The former chief executive of Blue Bell Creameries will plead guilty to a misdemeanor charge under a deal in which prosecutors have agreed to drop fraud charges against him related to a 2015 listeria outbreak traced back to the company’s &#8230...

Posted: Mar 09, 2023

Tiger Woods’ Ex-Girlfriend Sues to Void Non-Disclosure Pact

Tiger Woods’ ex-girlfriend Erica Herman is seeking to nullify an August 2017 non-disclosure agreement with the professional golfer. Due to the NDA, Herman is unsure if she is able to disclose “facts giving rise to various legal claims she...

Posted: Mar 09, 2023

TSA Adds New Cybersecurity Regulations to Address Persistent Threats

The Transportation Security Administration (TSA) on Tuesday issued new cybersecurity requirements for airports and aircraft operators as part of an “emergency action” to address persistent threats to the aviation industry. The TSA, as par...

Posted: Mar 09, 2023

4 Killed When 2 Small Planes Collide Over Florida Lake

A pilot and and a 19-year-old student pilot were among four people killed when two small planes collided in midair over a central Florida lake, sheriff’s officials said. A Piper J-3 Cub seaplane and a Piper Cherokee 161 fixed-wing plane …

Posted: Mar 09, 2023

Washington, Oregon Ending Health Care Settings Mask Mandate

Washington and Oregon will soon drop mask requirements in health care settings, state health officials said, moving to lift the last major masking requirements meant to curb the spread of COVID-19. Mandates in both states will end on April 3, …

Posted: Mar 09, 2023

Former Florida Insurance Commissioner Named to BOD for Aspen Insurance

David Altmaier has moved from overseeing regulation of insurance companies to overseeing operations for one – the Bermuda-based reinsurer Aspen Insurance Holdings. Aspen announced Wednesday that Altmaier, who was Florida insurance commissioner for si...

Posted: Mar 09, 2023

UK Specialty MGA Nirvana Launches With ‘Ambitious Growth Plans’

Nirvana, a London-based managing general agent, has launched in London after acquiring leading media, tech and cyber underwriter, Nirvana Risk Partners, from the MGA formation platform Castel Underwriting Agencies in a management buyout. Nirvana, whi...

Posted: Mar 09, 2023

New York State, City Lawmakers Look to Curb Lithium-Ion Battery Fires

Lawmakers in Albany and New York City are pushing measures they hope will curb incidents of lithium-ion battery fires, which have risen in the past few years. They include measures requiring that all batteries and chargers being sold be certified &#8...

Posted: Mar 09, 2023

Lloyd’s Expects 2022 Loss of $947.6M on Investments; Underwriting Results ‘Strong’

Lloyd’s reported an interim full-year 2022 loss before tax of £800 million ($947.6 million) as a result of investment losses of approximately £3 billion ($3.6 billion). This compares to a profit of £2.3 billion ($2.7 billion) and investment inc...

Posted: Mar 09, 2023

Investors Aviva, M&G Urge Britain to Press Ahead With Financial Reforms

Investors Aviva and M&G on Thursday joined calls for Britain to press ahead with financial reforms and give high-growth sectors such as technology companies more support to keep London’s markets competitive. Finance bosses have warned that...

Posted: Mar 09, 2023

Firefighters Contain New Jersey Forest Fire That Threatened 15 Homes

LITTLE EGG HARBOR, N.J. (AP) – A wind-whipped forest fire in the southern New Jersey Pinelands that threatened 16 homes Tuesday was fully contained by nightfall, and firefighters said they believed the homes were no longer in jeopardy. No injur...

Posted: Mar 09, 2023

Significant Hack Potentially Exposes US Lawmakers’ Personal Data

A serious breach at a healthcare administrator serving the U.S. House of Representatives has potentially exposed the personal data of hundreds of lawmakers and their staff, top representatives and a senior Congressional official said in letters circu...

Posted: Mar 09, 2023

Glut of Plastic Polluting World’s Oceans Is Growing Fast: Research

There are more than 170 trillion tiny plastic particles — or 2 million tons of them — floating on the surface of the ocean, and many of them got there after 2004, according to a paper published Wednesday in the …

Posted: Mar 09, 2023

Update: Britain Says Financial Reforms Will Be in Same ‘Orbit’ as EU, U.S.

Britain’s revamped financial market rules will largely be aligned with U.S. and European Union regulations to minimize disruption to global companies, its financial services minister Andrew Griffith said on Thursday. Britain left the EU in 2020...

Posted: Mar 09, 2023