Insurance Journal
U.S. payment giants Visa and Mastercard are slamming the brakes on plans to forge new partnerships with crypto firms after a string of high-profile collapses shook faith in the industry, people familiar with the matter told Reuters. The crypto indust...
Posted: Feb 28, 2023
In a dispute over artwork lost in transit, a New York federal judge has ruled that FedEx Ground was liable to the artist for the lost works but that federal law caps its damages at the value placed on the …
Posted: Feb 28, 2023
A medical transport flight that crashed in a mountainous area in northern Nevada, killing five all five people aboard the plane including a patient, apparently broke apart before hitting the ground, authorities said. The National Transportation Safet...
Posted: Feb 28, 2023
Latino workers at a Tennessee meat processing plant have reached a $1.2 million settlement in a lawsuit over a 2018 immigration raid in which they were “targeted by federal agents” because of their ethnicity, an immigration advocacy group...
Posted: Feb 28, 2023
A Florida tort-reform bill that picks up where previous insurance-market rescue bills left off has passed its first milestone and now moves to the full House Judiciary Committee. But the speaker of the House said the measure is far from …
Posted: Feb 28, 2023
Acrisure, a fintech company that operates a top-10 global insurance broker, announced the formation of Acrisure Deutschland GmbH, a new subsidiary covering the German, Austrian and Swiss markets. Mathias Pahl will serve as president of Acrisure Deuts...
Posted: Feb 28, 2023
Fox Corp. Chairman Rupert Murdoch acknowledged under oath that some Fox hosts “endorsed” the notion that the 2020 U.S. presidential election was stolen, according to a court filing unsealed Monday. Murdoch’s acknowledgment is includ...
Posted: Feb 28, 2023
Walmart Inc. violated federal workplace safety standards at its warehouse in Johnstown, New York, when it failed to prevent stored merchandise from falling onto – and seriously injuring – an employee in 2017, a federal panel has affirmed. The Feb. &#...
Posted: Feb 28, 2023
The insurance sector saw 449 completed mergers and acquisitions (M&A) worldwide during 2022, up from 418 the previous year – the highest for a decade, according to law firm Clyde & Co’s insurance growth report. However, there was a mark...
Posted: Feb 28, 2023
FWD Group Holdings Ltd. raised a total of $1.8 billion in private placements over the past two years, as the pan-Asian insurance company owned by Hong Kong billionaire Richard Li moves a step closer to its planned initial public offering. …
Posted: Feb 28, 2023
AXA said on Monday it was selling virtually all of the 8% stake in Monte dei Paschi di Siena acquired when it invested into a make-or-break new share issue at the state-owned Italian bank. AXA paid 200 million euros in …
Posted: Feb 28, 2023
Full-year 2022 financial results, reported by a handful of international groups that write reinsurance, show mixed results in a market full of challenges—ranging from inflation to the Ukraine war to growing losses from natural catastrophes. A wrap-up...
Posted: Feb 28, 2023
A senior US cybersecurity official described adoption of some of Microsoft Corp. and Twitter Inc.’s security protocols as “disappointing” as part of a broadside against large technology companies’ approach to protecting user a...
Posted: Feb 28, 2023
This profile of Trium Cyber is the inaugural article in a regular series of Company Spotlights, published by Insurance Journal, which cover the insurance industry’s startups and innovators. Trium Cyber is the industry’s first Lloyd’...
Posted: Feb 28, 2023
Tesla Inc. and its Chief Executive Elon Musk were sued on Monday by shareholders who accused them of overstating the effectiveness and safety of their electric vehicles’ Autopilot and Full Self-Driving technologies. In a proposed class action f...
Posted: Feb 28, 2023
Tesla Inc. and its Chief Executive Elon Musk were sued on Monday by shareholders who accused them of overstating the effectiveness and safety of their electric vehicles’ Autopilot and Full Self-Driving technologies. In a proposed class action f...
Posted: Feb 28, 2023
In a decision that animal rights advocates are calling a big win over big agricultural interests, a federal appeals court last week struck down part of a North Carolina law, declaring that it violated the constitutional guarantee of free speech. R...
Posted: Feb 28, 2023
In a decision that animal rights advocates are calling a big win over big agricultural interests, a federal appeals court last week struck down part of a North Carolina law, declaring that it violated the constitutional guarantee of free speech. R...
Posted: Feb 28, 2023
North Carolina Gov. Roy Cooper has appointed Philip Baddour to a second six-year term as a full commissioner at the North Carolina Industrial Commission, which handles workers’ compensation claims disputes. If approved by the state General Asse...
Posted: Feb 28, 2023
North Carolina Gov. Roy Cooper has appointed Philip Baddour to a second six-year term as a full commissioner at the North Carolina Industrial Commission, which handles workers’ compensation claims disputes. If approved by the state General Asse...
Posted: Feb 28, 2023
Adults who testified they were sexually abused as children urged Maryland lawmakers last week to end the state’s statute of limitations for when civil lawsuits can be filed against institutions related to child sexual abuse. Dr. Frank Schindler...
Posted: Feb 28, 2023
New research on low-volume/high-cost drugs used to treat injured workers in California spotlights a handful of anti-inflammatory and anticonvulsant medications that have become significant cost drivers despite accounting for a relatively small share...
Posted: Feb 28, 2023
The California Department of Industrial Relations’ Occupational Safety and Health Appeals Board issued a precedential decision related to the provision of water at outdoor worksites, which required water must be as close as practicable to the a...
Posted: Feb 28, 2023
LUBBOCK — The Texas High Plains is a vast swath of oil-rich soil and farm and ranch land as far as the eye can see — only the peaks of Caprock Canyon break up the endless miles of plains in …
Posted: Feb 27, 2023
National insurance broker World Insurance Associates reports it acquired the business of Durfee Buffinton Insurance Agency, Inc. of Fall River, Massachusetts. Terms of the December 31, 2022 transaction were not disclosed. Durfee Buffinton provides pe...
Posted: Feb 27, 2023