Insurance Journal
Keyes Coverage, a rapidly growing Florida insurance brokerage, has acquired three firms: Bill and Sheila Gaylor Insurance, based in Melbourne, Florida; My Florida Insurance Broker, in Vero Beach; and Brian Laudanno Insurance in Coral Springs. It̵...
Posted: Mar 03, 2023
Senate Bill 2A, enacted into law in December, gave Florida property insurers some major relief on litigation costs. But it also required a number of consumer-friendly actions from carriers and sets new timetables on claims, starting this week, the Fl...
Posted: Mar 03, 2023
Jeremy Gittler, practice leader and head of Cyber Americas at AXA XL, thinks of the cyber insurance industry as a rollercoaster. He says that after several years of turbulence with the advent of more sophisticated ransomware, the market is slowly ...
Posted: Mar 03, 2023
Four New York City ambulance workers who said they were disciplined for speaking to the media during the harrowing, early months of the COVID-19 pandemic have reached a settlement in their free speech lawsuit against the fire department and the ̷...
Posted: Mar 03, 2023
The families of three residents of a veterans’ care facility in Massachusetts who died after contracting COVID-19 in the early days of the pandemic say in federal lawsuit that the deaths were “premature and preventable” and the resu...
Posted: Mar 03, 2023
Four family members from Australia who were injured during a crash-landing of a sightseeing helicopter in Southern Nevada in December have filed a lawsuit in the U.S. seeking more than $400,000 in damages from the tour operator. Las Vegas-based Papil...
Posted: Mar 03, 2023
Shipping companies will pay nearly $97 million to settle a lawsuit with a pipeline operator over a 2021 oil spill off the coast of Southern California, the pipeline company said Wednesday. Amplify Energy, the Houston-based company that operates the p...
Posted: Mar 03, 2023
Meta Platforms Inc. is wrong to say its $725 million settlement of a lawsuit claiming Facebook illegally shared user data with a controversial research firm protects it from similar claims brought by New Mexico, attorneys for the US state said. ̷...
Posted: Mar 02, 2023
A new AM Best commentary on the latest winter storm to hit Southern California drives home the growing risk and the financial volatility that weather-related losses pose for the insurance industry. According to the commentary, titled “Changing...
Posted: Mar 02, 2023
The White House announced a new national cybersecurity strategy meant to make the digital ecosystem more resilient, including a more aggressive stance against malicious cyber actors and shifting responsibility to “organizations that are most ca...
Posted: Mar 02, 2023
Hub International Limited announced that it has acquired the assets of Dwight W. Andrus Insurance Inc., Dwight Andrus & Richard Insurance, Inc., and DAI Shreve, LLC (Dwight Andrus Insurance). Terms of the transaction were not disclosed. Headquart...
Posted: Mar 02, 2023
COLUMBUS, Ohio (AP) – Railroads like the one involved in this month’s fiery crash and toxic chemical release in Ohio would be subject to a series of new federal safety regulations and financial consequences under legislation being introdu...
Posted: Mar 02, 2023
TRAVERSE CITY, Mich. (AP) – Even for the Thunder Bay area, a perilous swath of northern Lake Huron off the Michigan coast that has devoured many a ship, the Ironton’s fate seems particularly cruel. The 191-foot (58-meter) cargo vessel col...
Posted: Mar 02, 2023
Broker World Insurance Associates reports that it has acquired the business of Katz/Pierz of Cherry Hill, New Jersey. Terms of the transaction were not disclosed. Katz/Pierz was founded in 1987 by Aaron Katz and Donald Pierz. The agency serves profes...
Posted: Mar 02, 2023
The Georgia House of Representatives voted this week to raise the maximum workers’ compensation benefit amounts and to increase the maximum payout to dependent spouses. House Bill 480, sponsored by Rep. Lehman Franklin, R-Statesboro, and others...
Posted: Mar 02, 2023
AXA XL Adds to U.S. Mid-Market Team AXA XL Insurance continues to build out its U.S. Mid-Market business with the recent addition of Bennett Turner as head of strategy and operations and Christopher Fallon, head of analytics. Turner joins AXA …
Posted: Mar 02, 2023
A federal judge has approved a settlement of more than $1 million in a class action lawsuit that challenged a federal immigration raid at an eastern Tennessee meatpacking plant where about 100 people were arrested. The settlement approved by U.S. ...
Posted: Mar 02, 2023
About 320 people arrested during a George Floyd protest in the Bronx on June 4, 2020, and who claim the police used excessive force and violated their civil rights, will each receive about $21,500 under a settlement proposal agreed to …
Posted: Mar 02, 2023
About one year into his employment with Root Inc. and a week after he helped the company report fourth-quarter earnings, Chief Financial Officer Robert Bateman has been fired for violating company policies. According to a filing with the U.S. Securit...
Posted: Mar 02, 2023
Nearly three months after attacks on electrical substations caused a dayslong power outage in central North Carolina, a state Senate committee advanced legislation Tuesday that would stiffen penalties for intentionally damaging utility equipment. The...
Posted: Mar 02, 2023
A Tampa-area personal injury attorney, once active in auto accident, rideshare and other insurance claims litigation, has been arrested and charged with multiple counts of money laundering and grand theft. The Pinellas County Sheriff said that attorn...
Posted: Mar 02, 2023
The family of the late Kobe Bryant has agreed to a $28.5 million settlement with Los Angeles County to resolve the remaining claims in a lawsuit over deputies and firefighters The figure includes a newly agreed upon payment from the …
Posted: Mar 02, 2023
Lawyers for former Roman Catholic Cardinal Theodore McCarrick filed a motion this week to dismiss a case charging him with sexually assaulting a boy decades ago, saying the 92-year-old once-powerful American prelate has dementia and is not competent...
Posted: Mar 02, 2023
Bermuda-based Fidelis Insurance Holdings Ltd. announced it has submitted a draft registration statement on with the Securities and Exchange Commission, relating to a proposed initial public offering of its common shares. The number of common shares t...
Posted: Mar 02, 2023
Russian Foreign Minister Sergei Lavrov on Thursday accused the West of “shamelessly burying” the Black Sea grain initiative that facilitates the export of Ukraine’s agricultural products from its southern ports, the RIA Novosti news...
Posted: Mar 02, 2023