Insurance Journal
Allstate Corp. said it estimated catastrophe losses for the month of January of $307 million, or $243 million after-tax from nine events primarily in Texas and California. Catastrophe losses for the January events were estimated at $309 million, part...
Posted: Feb 17, 2023
Florida-based Orion180, known for its heavy use of technology as a managing general underwriter, is officially transitioning to a stand-alone surplus lines property insurance carrier. Orion180 Insurance Co. is domiciled in Indiana and began writing n...
Posted: Feb 17, 2023
The death of a man who was handcuffed after a mental health team responded to a call of him walking out into traffic last year has been ruled a homicide, according to an autopsy report released Wednesday by lawyers for …
Posted: Feb 17, 2023
AUGUSTA, Maine — A state judge on Tuesday upheld a Maine law that eliminated the statute of limitations for child sexual abuse, allowing survivors to pursue lawsuits for sex crimes that happened decades ago. An attorney for more than a …
Posted: Feb 17, 2023
Delaware officials have agreed to pay $25,000 to settle a federal lawsuit alleging that police used excessive force and made an unlawful arrest in an encounter with a teenage drug suspect. A judge on Tuesday approved a stipulation of dismissal …...
Posted: Feb 17, 2023
Vehicle pricing was a major concern during the inflationary environment that dominated headlines in 2022, however a new report shows sales of electric vehicles in California rose by more than 50% last year from 2021 with an estimated increase in R...
Posted: Feb 16, 2023
Nearly every other American believes that people in the U.S. are being harmed by global warming right now. It may be a bit of a revelation that half of the nation believes climate change is here and now. What’s not …
Posted: Feb 16, 2023
Lewis Brisbois Expands Products Liability Capabilities in Midwest with Experienced Litigation Team in St. Louis Lewis Brisbois is pleased to welcome Rick Mueller and Heather F. Counts to its St. Louis, Missouri office as partners in the firm’s...
Posted: Feb 16, 2023
Two Columbia, Mo., residents pleaded guilty in federal court to their roles in a $1.2 million insurance fraud conspiracy that involved false claims of injuries suffered in car accidents. Latoya Marie Brown, 37, who also lived in the Kansas City, R...
Posted: Feb 16, 2023
A former Michigan insurance agent was convicted of filing false tax returns and making false statements to both a bankruptcy court and the Department of Justice. According to court documents and evidence presented at trial, Donald Stanley LaVigne, fo...
Posted: Feb 16, 2023
SHREVEPORT, La. (AP) – Family members of Alonzo Bagley, a Black man who was killed as he tried to flee police responding to a disturbance call, have filed a $10 million lawsuit against the officer who shot him. The federal …
Posted: Feb 16, 2023
The McClenny Moseley law firm agreed to pay $3,000 to $3,500 in advance for each prospective client referred to it by a marketing firm, at a total cost of nearly $14 million, according to documents submitted this week to a …
Posted: Feb 16, 2023
The G20’s Financial Stability Board (FSB) said on Thursday it would take steps to tackle “vulnerabilities” and data gaps in decentralized finance (DeFi) highlighted by the collapse of cryptocurrency exchange FTX last year. The fast-...
Posted: Feb 16, 2023
Hundreds of irate residents of the Ohio town where a train derailed and spilled toxic chemicals packed into a high school gym on Wednesday, seeking answers to what health dangers they face. East Palestine Mayor Trent Conaway, looking angry and …...
Posted: Feb 16, 2023
This edition of International People Moves details appointments at the UK-based MGA Rokstone and RSA Insurance. A summary of these new hires follows here. MGA Rokstone Names Heaton as Head of D&O Rokstone, the London-based international specialit...
Posted: Feb 16, 2023
An upcoming Supreme Court case could answer one of the toughest questions of the internet age: Should online companies be held responsible for promoting harmful speech? The case, Gonzalez v. Google, could upend the modern internet economy, sparing no...
Posted: Feb 16, 2023
44 active funders in the U.S. market had a combined $13.5 billion in assets under management Annual report provides a rare look into industry’s scope Companies that finance U.S. commercial lawsuits in exchange for a cut of any recoveries upped...
Posted: Feb 16, 2023
Two Trumbull Insurance customers who believe they were short-changed on claims payments have filed a proposed class action suit against the insurer, alleging Trumbull has been incorrectly calculating some property claim payments by deducting labor de...
Posted: Feb 16, 2023
Production is expected to resume this spring on the movie “Rust” that was halted in October 2021 after a fatal shooting on the set involving actor-producer Alec Baldwin. Rust Movie Productions also announced Tuesday that a related documen...
Posted: Feb 16, 2023
There will be a jury retrial on allocation of liability in a New Jersey workers’ compensation premium fraud case won by Liberty Insurance Corp. against a construction firm. The New Jersey Supreme Court ruled yesterday that a trial court erred &...
Posted: Feb 16, 2023
Truist today said it has agreed to sell a 20% stake its insurance brokerage business to private equity firm Stone Point Capital for $1.95 billion. Mubadala Investment Company and other co-investors are participating with Stone Point in the investment...
Posted: Feb 16, 2023
Catastrophe modeling firm Karen Clark & Co. (KCC) said on Thursday it expects insured losses of $2.4 billion from the devastating dual Kahramanmaras earthquakes that hit Turkey earlier this month. The number of people killed by the deadliest eart...
Posted: Feb 16, 2023
Turkey would need to construct about a million new homes in the 10 provinces hit by the February 6 earthquakes, according to a property developer, signaling the massive rebuilding effort that needs to be undertaken. “That’s an optimistic...
Posted: Feb 16, 2023
In a Selma neighborhood — a few blocks from the starting point of the 1965 voting rights marches — the path of a January tornado remains clear. Homes sit collapsed or missing walls and roofs. Some building are marked with …
Posted: Feb 16, 2023
A guest at an oceanfront hotel in Florida has died after being run over by a forklift working on storm repairs, authorities said. The 62-year-old woman, whose name wasn’t immediately released, was struck Monday while walking through the parking...
Posted: Feb 16, 2023