Insurance Journal
The U.S. Supreme Court on Monday agreed to decide whether the Consumer Financial Protection Bureau’s funding structure established by Congress violates the U.S. Constitution in a case that President Joe Biden’s administration has said thr...
Posted: Feb 27, 2023
A cargo of Russian oil is heading for storage tanks in Ghana, a nation that exports crude itself and is on the doorstep of two regional supply powerhouses. The development suggests that traders could be scouring the market for new …
Posted: Feb 27, 2023
A federal judge in New Orleans has called owners of McClenny Moseley & Associates back into his courtroom again, this time to decide if the law firm should be sanctioned — and if so, how much — for making misrepresentations …
Posted: Feb 27, 2023
EVANSVILLE, Ind. (AP) – An October fire that left an Evansville warehouse and neighboring buildings in ruins began on the third floor of the warehouse after someone started it to keep warm, firefighters said. The fire began around 4:40 a.m. …
Posted: Feb 27, 2023
This edition of International People Moves details appointments at Optio Group, Everest Re, and the MGA Pen Underwriting. A summary of these new hires follows here. Robinson Named CEO of Optio Group Optio Group, the London-based specialty MGA, announ...
Posted: Feb 27, 2023
Three banks agreed to pay $1.35 billion to resolve litigation by former Allen Stanford investors who accused them of contributing to the imprisoned financier’s massive Ponzi scheme. Canada’s Toronto-Dominion Bank will pay $1.205 billion,...
Posted: Feb 27, 2023
Is it possible to predict exactly where the wind will blow? How about where it will blow 30 years from now? The First Street Foundation, a nonprofit that works to define and communicate risks posed by climate change, says it …
Posted: Feb 27, 2023
Plastic use in G20 countries is on course to nearly double by the middle of the century unless a comprehensive and legally binding global treaty to curb consumption is drawn up, according to research published on Monday. Existing programs to …
Posted: Feb 27, 2023
An Anchorage official says thick, heavy ice had accumulated on the roof of a gym that collapsed earlier this month, killing one person and trapping two others. Ross Noffsinger, acting building official for the city, said “tremendous” ice...
Posted: Feb 27, 2023
An Anchorage official says thick, heavy ice had accumulated on the roof of a gym that collapsed earlier this month, killing one person and trapping two others. Ross Noffsinger, acting building official for the city, said “tremendous” ice...
Posted: Feb 27, 2023
The family of a man who was fatally shot by a sheriff’s deputy outside a Colorado middle school while students were being picked up alleges in a wrongful death lawsuit that deputies unnecessarily escalated a situation that should have been R...
Posted: Feb 27, 2023
All five people aboard a medical transport flight, including a patient, were killed in a plane crash in northern Nevada, according to an air ambulance company. The Lyon County Sheriff’s office said authorities began receiving calls about the cr...
Posted: Feb 27, 2023
Environmental and human rights activist groups said on Monday they had sued BNP Paribas, the eurozone’s biggest bank, for providing financial services to companies they allege contribute to the deforestation of the Amazon rainforest. Brazilian...
Posted: Feb 27, 2023
A judge on Friday acquitted a Florida nursing home administrator accused of causing the overheating deaths of nine patients after Hurricane Irma in 2017, saying that his employees had provided care and prosecutors had not proven he should have known...
Posted: Feb 27, 2023
The cyber-insurance market, battered by a rash of pandemic-era ransomware attacks, is making a comeback. Price hikes are moderating, new carriers and fresh sources of capital are emerging, and companies can better afford coverage. Cyber-insurance pri...
Posted: Feb 27, 2023
A federal judge in Detroit on Thursday dealt a blow to a U.S. labor agency by drastically narrowing his recent order that had barred Starbucks Corp SBUX.O from retaliating against pro-union workers nationwide to cover only one Michigan store. U.S. &#...
Posted: Feb 27, 2023
Norfolk Southern Corp. this week can resume shipments of hazardous waste from the site of its freight train derailment in Ohio, a US official said Sunday. Federal officials ordered the railroad last week to pause waste removal at the site, …
Posted: Feb 27, 2023
Warren Buffett’s Berkshire Hathaway Inc. on Saturday reported its highest-ever annual operating profit, even as foreign currency losses and rising interest rates contributed to lower earnings in the fourth quarter. Buffett called 2022 a “...
Posted: Feb 27, 2023
Berkshire Hathaway recorded its first full-year underwriting loss since 2017—but a small one—as strong profits from reinsurance operations were almost enough to counterbalance the deteriorating results from the conglomerate’s personal lines ins...
Posted: Feb 27, 2023
North Carolina business and insurance magnate Greg Lindberg has been indicted again on federal criminal charges, this time on accusations that he conspired to skim large amounts of money from his insurance companies, then lied about it to regulators...
Posted: Feb 27, 2023
Universal Insurance Holdings Inc. (UVE), parent company of Universal Property & Casualty Insurance Co., last week reported net income of $25.1 million in its fourth quarter, a sharp increase from the previous quarter. On a per-share basis, the Fo...
Posted: Feb 27, 2023
The Kentucky Senate voted Friday to provide teachers with liability insurance coverage as a cushion against financial losses when forced to defend themselves against work-related lawsuits. The bill would require Kentucky school districts to provide t...
Posted: Feb 27, 2023
A South Florida city has reached a $2 million settlement with the family of a Black motorist who was fatally shot by a police officer after his vehicle broke down on an interstate off-ramp more than seven years ago. The …
Posted: Feb 27, 2023
NORTH WILDWOOD, N.J. (AP) — The sandstorm being waged between New Jersey environmental officials and a defiant shore town bolstering its dunes without state permission is intensifying. The state Department of Environmental Protection said Thursday th...
Posted: Feb 27, 2023
Lithium ion batteries used to power electric bicycles and scooters have already sparked 22 fires that caused 36 injuries and two deaths in New York City this year, four times the number of fires linked to the batteries by this …
Posted: Feb 27, 2023