Insurance Journal
TRAVERSE CITY, Mich. (AP) – Police Chief Jason Wright feared the worst as he rushed to the scene of a freight train derailment in Michigan’s Van Buren Township, mindful of a fiery rail crash this month in Ohio that led …
Posted: Feb 21, 2023
The US National Highway Traffic Safety Administration asked Tesla Inc. for more information about one of its vehicles colliding with a fire truck in a fatal crash in the San Francisco Bay area. The agency reached out to the manufacturer …
Posted: Feb 21, 2023
Louisiana Insurance Commissioner Jim Donelon announced Friday that his department issued a cease-and-desist order to McClenny, Moseley & Associates, a Houston-based law firm that filed more than 1,500 hurricane-damage lawsuits in the state — many...
Posted: Feb 21, 2023
When Paul C. Higginbotham founded his namesake insurance agency in 1948, he never could have imagined the Fort Worth, Texas company would grow into one of America’s top independent property/casualty agencies. Started as a personal insurance bro...
Posted: Feb 21, 2023
The US Supreme Court rejected a Johnson & Johnson appeal, leaving intact a $302 million award against the company for misrepresenting the risks of vaginal-mesh implants to California consumers. The rebuff is a victory for California, the first st...
Posted: Feb 21, 2023
The U.S. Supreme Court on Tuesday began hearing arguments in a major case that could weaken a legal shield that protects internet companies from a wide array of lawsuits in a dispute involving YouTube and the family of an American …
Posted: Feb 21, 2023
A U.S. district judge has granted a motion for a temporary restraining order requested by Root Inc. against its former chief marketing officer to prevent him, his companies, or associates from selling or transferring any properties or possessions Roo...
Posted: Feb 21, 2023
A building collapse in Alaska evening killed one person and briefly trapped two others, including a victim who communicated with firefighters before being freed and transported to a hospital, officials said. The Anchorage Fire Department confirmed th...
Posted: Feb 21, 2023
A power substation fire temporarily caused outages at the Oakland International Airport and left 50,000 customers around the east San Francisco Bay Area without electricity Sunday, Oakland fire officials said. The Oakland Fire Department responded to...
Posted: Feb 21, 2023
Georgia Power Co. has again delayed the projected startup for two new units at its Vogtle nuclear power plant near Augusta, saying its share of the costs will rise by an additional $200 million. Southern Co., the utility’s Atlanta-based parent,...
Posted: Feb 21, 2023
Three New York City firefighters were critically injured Friday in what the commissioner said was a “very close call” as wind-swept flames tore through a Staten Island duplex. They are alert and expected to survive, officials said. Firefi...
Posted: Feb 21, 2023
Their billboards once plastered South Florida. Their contractors went door-to-door, offering expensive and much-needed upgrades to roofs, windows and air conditioning units — with no money down, no credit check needed. Ygrene Energy was the big...
Posted: Feb 21, 2023
Brookfield Underwriting, the specialist Stockholm-based high net worth managing general agent, announced it has been acquired by Säkra, one of Sweden’s largest insurance intermediaries, which itself has just been acquired by private equity inve...
Posted: Feb 21, 2023
A former executive of the only financial institution to be criminally charged in connection with the federal bank bailout program in the wake of the 2008 financial crisis has reached a settlement with federal securities regulators in a related civil...
Posted: Feb 21, 2023
The swimming pool in the backyard of Louis Minardi’s home may be distinctive to Florida: The custom-built pool is shaped like a six-shooter revolver, in a state made famous – sometimes infamous – by guns, gun politics and gun cultur...
Posted: Feb 21, 2023
Global claims services provider McLarens has established a strategic alliance with Egypt Global Adjusters (EGA), a leading Egyptian loss adjusting firm, headquartered in Cairo. Operating as McLarens’ exclusive affiliate in Egypt, the partnershi...
Posted: Feb 21, 2023
A German court on Monday ruled in favor of an environmental NGO’s lawsuit against the federal motor authority for releasing cars with software on exhaust gas recirculation it argues is illegal, in a judgment which could lead to a wave …
Posted: Feb 21, 2023
Facebook on Monday temporarily fought off a collective lawsuit valued at up to 3 billion pounds ($3.7 billion) over allegations the social media giant abused its dominant position to monetise users’ personal data. However, a London tribunal gav...
Posted: Feb 21, 2023
The Bank of England sought on Monday to allay fears among insurers that it was dragging its feet over a long-trailed and disputed reform of their capital rules, saying a “very good sense” of the changes would emerge well before …
Posted: Feb 21, 2023
US enforcement agencies are forming a “strike force” to combat adversaries trying to steal advanced technology, hack for financial gain or use new tools to collect intelligence. The move comes as government officials are grappling with ho...
Posted: Feb 21, 2023
US enforcement agencies are forming a “strike force” to combat adversaries trying to steal advanced technology, hack for financial gain or use new tools to collect intelligence. The move comes as government officials are grappling with ho...
Posted: Feb 21, 2023
U.S. Transportation Secretary Pete Buttigieg said Sunday he would call on major railroads to improve safety after a Feb. 3 derailment in East Palestine, Ohio, of a train operated by Norfolk Southern. Buttigieg in a letter to Norfolk Southern Chief &#...
Posted: Feb 21, 2023
One person died and one is in critical condition after a fire early Saturday at a high-rise apartment building in a suburb of Washington, D.C., the Washington Post and other local media reported. The fire in downtown Silver Spring sent …
Posted: Feb 21, 2023
Lockton, the world’s largest privately owned insurance brokerage, announced the launch of an Affinity Schemes business in Australia, New Zealand and Pacific. The business will be led by Tanya Dasgupta who recently joined Lockton as National Man...
Posted: Feb 20, 2023
Legal & General Group Plc have launched a fresh lawsuit against Glencore Plc, months after the commodities giant pleaded guilty to allegations of market manipulation and bribery. A group of Legal & General funds filed claims against Glencore...
Posted: Feb 20, 2023