Insurance Journal
Britain’s capital market rules will not differ markedly from regulations applied in Europe and the United States, its financial services minister Andrew Griffith said on Thursday. “We don’t want to become a third polarity but operat...
Posted: Mar 09, 2023
Rite Aid is not liable for a mass shooting that killed three workers at a warehouse in Maryland; not because it was protected by workers’ compensation immunity, but because the plaintiffs did not show the tragedy could have been foreseen …...
Posted: Mar 09, 2023
Even before Russia invaded Ukraine, its hacking offensive was well under way. Suspected Russian hackers targeted Ukrainian government and financial websites with so-called distributed denial-of-service attacks aimed at creating chaos; they bombarded...
Posted: Mar 09, 2023
UK insurer Aviva Plc said it is seeing increased demand for private health insurance because of the strains the National Health Service has experienced since the pandemic. “Health insurance sales were up 15% and we expect that to continue as &#...
Posted: Mar 09, 2023
Aviva Plc said it is seeing increased demand for private health insurance because of the strains the National Health Service has experienced since the pandemic. The UK insurer said Thursday that health insurance sales rose 14%. “We expect that...
Posted: Mar 09, 2023
Transactional risk insurance continued its rise in popularity in 2022 to become a global, mainstream feature on mergers and acquisitions (M&A). Despite macroeconomic and geopolitical challenges, demand for transactional insurance remained resilie...
Posted: Mar 09, 2023
Alerted by the concerns of the West Chester Township Fire Department in Ohio, workplace safety inspectors with the U.S. Department of Labor discovered exit routes, doors and fire extinguishers blocked at a Dollar General store on Princeton Glendale R...
Posted: Mar 09, 2023
OKLAHOMA CITY (AP) – Oklahoma voters on Tuesday rejected the legalization of recreational marijuana, following a late blitz of opposition from faith leaders, law enforcement and prosecutors. Oklahoma would have become the 22nd state to legalize...
Posted: Mar 09, 2023
U.S. health officials are alerting consumers about two more recalls of eyedrops due to contamination risks that could lead to vision problems and serious injury. The announcements follow a recall last month of eyedrops made in India that were linked...
Posted: Mar 09, 2023
Federal investigators are opening a wide-ranging investigation into one of the nation’s biggest railroads following a fiery derailment on the Ohio-Pennsylvania border last month and several other accidents involving Norfolk Southern, including...
Posted: Mar 09, 2023
Crypto-focused bank Silvergate Capital Corp. said on Wednesday it planned to wind down operations and voluntarily liquidate after it was hit with losses following the dramatic collapse of crypto exchange FTX, sending its shares down 35% in after-hour...
Posted: Mar 09, 2023
A public adjuster that has been vilified by insurers for disrupting and delaying property inspections could soon be suspended for two years following a recommended order by an administrative law judge. But state regulators’ recommendations in t...
Posted: Mar 09, 2023
A public adjuster that has been vilified by insurers for disrupting and delaying property inspections has been suspended for two years by an administrative law judge. But state regulators’ recommendations in the case have raised new and potenti...
Posted: Mar 09, 2023
A public adjuster that has been vilified by insurers for disrupting and delaying property inspections could soon be suspended for two years following a recommended order by an administrative law judge. But state regulators’ recommendations in t...
Posted: Mar 09, 2023
Connecticut on Tuesday sued four gun companies it accused of mailing illegal firearm parts with no serial numbers to an undercover state investigator, the latest legal filing by states and cities seeking to crack down on untraceable ghost guns. Annou...
Posted: Mar 09, 2023
Model regulations states can follow similar to their cannabis industries may be just around the corner. Such guidelines are in place for state insurance regulators from the National Association of Insurance Commissioners. The insurance industry has N...
Posted: Mar 09, 2023
PCF Insurance Services in Lehi, Utah, named Jenni Lee Crocker president. Crocker was PCF’s senior vice president, growth and operations for the past year. She will remain on the board of directors at PCF after completing her two-year tenure as...
Posted: Mar 09, 2023
McCain to Retire from Frankenmuth Insurance Frankenmuth Insurance Senior Vice President Phil McCain will retire on June 2 after 37 years of service and leadership. McCain started at the company, headquartered in Frankenmuth, Michigan, as a programmer...
Posted: Mar 08, 2023
The Louisiana Supreme Court suspended indefinitely the law license of the attorney who manages McClenny Moseley & Associates’ office in New Orleans — the latest setback for a law firm that paid nearly $14 million for client leads and filed...
Posted: Mar 08, 2023
A 51-year-old painting contractor at a residential apartment complex in Cleveland stepped onto a third-floor balcony and it tilted suddenly, causing him to fall 21 feet onto the concrete below. As he lay injured, the balcony slid off its wall …
Posted: Mar 08, 2023
MIDLAND, Mich. (AP) – A conservative economic-policy group will get a $22,500 reward for blowing the whistle on a Michigan teachers union and its insurance arm, which got $12.5 million in government-backed loans during the early months of the C...
Posted: Mar 08, 2023
Burns & Wilcox has signed a definitive agreement to acquire McIntyre & Associates, a Ruston, Louisiana based managing general agent. The deal is expected to close early in Q2 2023.. Family owned for two generations, McIntyre is a wholesale bu...
Posted: Mar 08, 2023
A cyberattack that disrupted derivatives trading in January is prompting calls for more oversight to combat the risk of hacks across financial markets. The top US derivatives regulator wants to update standards and monitoring systems that will help m...
Posted: Mar 08, 2023
Insurer Swiss Re Corporate Solutions, reinsurance broker Guy Carpenter, and the data technology firm ICEYE have teamed up with New York City government agencies to develop a pilot parametric flood recovery assistance program for low and moderate inco...
Posted: Mar 08, 2023
A new report showed that while more agencies have at least one woman in leadership, men still outnumber women in leadership two to one. Women make up more than half of all employees in insurance agencies, but less than one-third …
Posted: Mar 08, 2023