Insurance Journal
By Chad Hemenway Root Inc., the parent company of Root Insurance, has followed up its investigation into almost $10 million of unauthorized payments with a lawsuit against its former chief marketing officer. According to the suit, filed in U.S. Distr...
Posted: Feb 19, 2023
The Nevada Supreme Court upheld the Nevada Division of Insurance’s temporary ban on using credit information to help set insurance rates. The division in 2020 imposed the temporary ban, concluding that the pandemic had a disproportionately nega...
Posted: Feb 17, 2023
The Illinois Supreme Court ruled Friday that a separate claim accrues each time a business unlawfully scans or transmits an individual’s biometric identifier or information, a decision that could drive up class action settlements against repeat...
Posted: Feb 17, 2023
QBE Insurance Group announced a reinsurance transaction with legacy acquisition specialist Enstar, designed to de-risk the group’s exposure to portfolio reserves totaling US$1.9 billion. “This portfolio includes reserves primarily relatin...
Posted: Feb 17, 2023
Two more Louisiana citizens were sentenced for conspiring to stage automobile accidents in order to defraud insurance and trucking companies. United States Attorney Duane A. Evans announced that John Diggs age 62, of Thibodaux, Louisiana, and James W...
Posted: Feb 17, 2023
AUSTIN, Texas (AP) – Austin’s city manager was fired Wednesday in the wake of outrage over a slow and fumbled response to a winter storm power outage that left thousands of people without electricity for a week or longer in …
Posted: Feb 17, 2023
PCF Insurance Services, a top 20 U.S. insurance brokerage firm, today announced that it has secured a $500 million preferred equity investment in a transaction co-led by Carlyle’s Global Credit platform and private equity firm HGGC, an existing...
Posted: Feb 17, 2023
EAST PALESTINE, Ohio (AP) – Residents of the Ohio village upended by a freight train derailment packed a gymnasium demanding reassurances after toxic chemicals spilled and burned in a huge plume over their homes and businesses. “I have three gr...
Posted: Feb 17, 2023
A U.S. appeals court on Wednesday blocked a California law that prohibited employers from requiring their workers to resolve legal disputes in private arbitration, ruling that it conflicts with a federal arbitration statute. The 2-1 ruling by a three...
Posted: Feb 17, 2023
Ohio and Pennsylvania have negotiated agreements with DNA Diagnostics Center – a Fairfield, Ohio, company that provides paternity and other DNA testing – over a 2021 data breach that compromised the personal information of more than 45,000 consumers...
Posted: Feb 17, 2023
AmeriTrust subsidiary Star Insurance Co. must pay the $9 million balance of a $10 million settlement in the death of a 12-year old boy who died after a trench he dug on a Long Branch, New Jersey beach collapsed on …
Posted: Feb 17, 2023
The NCAA asked a federal appeals court on Wednesday to reject a legal effort to make colleges treat Division I athletes like employees and start paying them an hourly wage. Lawyers for the student-athletes said that weekly, they often spend …
Posted: Feb 17, 2023
RiverStone International, the largest provider of legacy solutions in the Lloyd’s market, announced it has secured an innovative multi-year excess-of-loss corporate member reinsurance cover. The reinsurance has been put in place to support the...
Posted: Feb 17, 2023
The main freeway in southern Arizona reopened in both directions evening and officials said people living southeast of downtown Tucson could return home a day after a deadly crash sent acrid plumes into the desert sky and prompted evacuations. “...
Posted: Feb 17, 2023
Kentucky lawmakers took an initial step Wednesday toward giving themselves oversight of relief funds like the ones the governor created to help people recover from tornadoes and flooding. The measure, which sailed through a Senate committee, calls fo...
Posted: Feb 17, 2023
Georgia lawmakers are moving to restrict vaping in public spaces. The state Senate voted 51-3 on Wednesday to pass Senate Bill 47, which would regulate vaping in the same way the state already regulates smoking. The measure moves to the …
Posted: Feb 17, 2023
CFC Underwriting, the specialist managing general agent, announced it is introducing policy encryption for its cyber insurance policies – and is the first provider in the industry to do so. Leveraging its mobile app for cyber to deliver the encryptio...
Posted: Feb 17, 2023
A liability insurer has no standing to object to its insured’s bankruptcy plan, even if the carrier feels that the plan unfairly exposes it to potentially fraudulent claims, a federal appeals court decided this week in an asbestos case that ...
Posted: Feb 17, 2023
A liability insurer has no standing to object to its insured’s bankruptcy plan, even if the carrier feels that the plan unfairly exposes it to potentially fraudulent claims, a federal appeals court decided this week in an asbestos case that ...
Posted: Feb 17, 2023
The G20-backed International Sustainability Standards Board on Thursday approved “global baseline” rules for firms disclosing how climate change affects their business, after calls to curb greenwashing in a “pivotal” year for...
Posted: Feb 17, 2023
Goose Insurance Services announced that it closed a $4 million Series A funding round led by Axis Insurance Managers, with participation from Impression Ventures, Real Ventures, and Manchester Story. The Vancouver-based insurtech plans to use the fun...
Posted: Feb 17, 2023
New Zealand faces big questions about where people should live and how to build infrastructure as the devastating aftermath of Cyclone Gabrielle highlights the impact of climate change, Finance Minister Grant Robertson said. The cyclone swept across...
Posted: Feb 17, 2023
Germany’s Allianz on Friday swung to a fourth-quarter net profit, marking a return to the black after taking big charges a year earlier for a U.S. funds scandal. The fourth quarter was helped by strength at its life and health …
Posted: Feb 17, 2023
Tesla Inc. said it would recall 362,000 U.S. vehicles to update its Full Self-Driving (FSD) Beta software after U.S. regulators said on Thursday the driver assistance system did not adequately adhere to traffic safety laws and could cause crashes. Th...
Posted: Feb 17, 2023
A broad coalition of insurers, leasing companies, car repair shops and others are calling on the European Commission to propose rules for fair access to valuable vehicle data soon, fearing further delays could see the initiative shelved after Europea...
Posted: Feb 17, 2023