Insurance Journal
The U.S. Department of Labor today announced that its Occupational Safety and Health Administration plans to withdraw a proposal to reconsider and revoke final approval of Arizona’s for occupational safety and health. By withdrawing the proposa...
Posted: Feb 14, 2023
Coalition announced it has expanded its cybersecurity insurance offering to enterprise businesses with revenues up to $5 billion. The company’s increased capacity above its existing limit of $1 billion comes from a syndicated placement across m...
Posted: Feb 14, 2023
The distribution and severity of nurse practitioner (NP) office practice setting claims have increased sharply since 2017, according to a new report from CNA in collaboration with its business partners at Nurses Service Organization (NSO), “Nur...
Posted: Feb 14, 2023
A bill that would significantly raise the weight limit for trucks on Georgia highways appears to be gaining steam after it was approved by a state House committee. The House Transportation Committee voted 18-11 to raise the maximum gross vehicle R...
Posted: Feb 14, 2023
Sonoma County will pay $1.35 million to settle a civil rights lawsuit brought by a man who was mauled by a sheriff’s K-9 three years ago. Sheriff’s deputies used a stun gun on Jason Anglero-Wyrick and then unleashed a police …
Posted: Feb 14, 2023
A Philadelphia jury yesterday awarded former Philadelphia Eagles team captain Christopher Maragos $43.5 million in damages in a case of medical malpractice over a knee injury that ended his National Football League career in 2019. The civil case revo...
Posted: Feb 14, 2023
OpenEyes, an insurtech serving commercial automotive fleets, today emerged from stealth with $18 million in Series A funding led by global software investor Insight Partners and Pitango First, with participation by MoreVC, which led the seed round to...
Posted: Feb 14, 2023
Apollo, the London-based independent specialist insurer and reinsurer, is providing capacity to Moonrock Drone Insurance, designed to provide coverage for larger commercial drone operations, meeting an increased demand in the market. Moonrock was fou...
Posted: Feb 14, 2023
Apollo, the London-based independent specialist insurer and reinsurer, is providing capacity to Moonrock Drone Insurance, designed to provide coverage for larger commercial drone operations, meeting an increased demand in the market. Moonrock was fou...
Posted: Feb 14, 2023
BMS, the London-based independent specialty re/insurance broker, announced that BMS Iberia has signed a deal to acquire Seguros Viafina (Viafina), the Spanish specialty insurance and reinsurance broker. The acquisition is set to complete in February...
Posted: Feb 14, 2023
Lawmakers in West Virginia’s House of Delegates on Friday greenlit an investment of $105 million in taxpayer dollars to support a Bill Gates-backed company that is building a renewable energy battery plant in the state’s Northern Panhandl...
Posted: Feb 14, 2023
A West Virginia water utility is enhancing its water treatment process as a precaution following the derailment of a train hauling chemicals that later sent up a toxic plume in Ohio. West Virginia American Water said Sunday that it’s also ̷...
Posted: Feb 14, 2023
This edition of International People Moves details appointments at Allianz Global Corporate & Specialty (AGCS), Willis Towers Watson (WTW), and Lloyd’s insurer IQUW. A summary of these new hire follows here. AGCS Creates Delegated Authority...
Posted: Feb 14, 2023
Johnson & Johnson’s subsidiary shouldering talc-related lawsuits goes before a bankruptcy judge on Tuesday for the first time since a U.S. appeals court last month nixed the company’s attempt to offload the litigation into Chapter 11...
Posted: Feb 14, 2023
Economic losses for the Feb. 6, 2023 earthquakes in Turkey will likely exceed US$20 billion, while insured losses will likely be more than US$1 billion, according to Extreme Event Solutions at Verisk (formerly AIR Worldwide). These estimates are base...
Posted: Feb 14, 2023
Cyclone Gabrielle has started to track away from New Zealand after leaving a trail of destruction across large parts of the nation’s North Island. Some 225,000 homes are without electricity, at least 2,500 people have been evacuated and tens of...
Posted: Feb 14, 2023
For years, Allianz, one of the world’s biggest investors, piled billions into property, wind farms and even London’s sewage system, but now it is moving to shun such “alternative” investments for plain vanilla bonds, people wi...
Posted: Feb 14, 2023
Indian fintech startup InsuranceDekho raised $150 million from a clutch of investors led by Goldman Sachs Asset Management, an unusually large investment round that will help it target an under-served domestic market. TVS Capital Funds co-led the equ...
Posted: Feb 14, 2023
Following through on intentions to move its high net worth business to nonadmitted paper—and some to other capital providers—American International Group entered into a binding memorandum of understanding with Stone Point Capital LLC to form an indep...
Posted: Feb 14, 2023
Though the last five years have included events – specifically the murder of George Floyd – that prompted many company leaders to make commitments to diversity, equity, and inclusion (DEI), respondents of a recent survey tell a story of a …
Posted: Feb 14, 2023
The Tennessee Department of Commerce and Insurance has named Mark Wiedeman, a Utah native, as director of the department’s captive insurance section. Wiedeman, a graduate of Brigham Young University, joined the Utah Insurance Department in 2012...
Posted: Feb 14, 2023
Wildlife authorities in Maine said six wild ducks found dead in a stream in Winthrop have tested positive for bird flu. The hooded mergansers were found dead in Mill Stream and tested positive for a highly pathogenic avian influenza, the …
Posted: Feb 14, 2023
Federal workplace safety authorities have fined a central Pennsylvania confectionary factory more than $14,500 following an accident last year in which two workers fell into a vat of chocolate. The Occupational Safety and Health Administration cited...
Posted: Feb 14, 2023
The Roman Catholic Diocese of San Diego said it may declare bankruptcy in the coming months as it faces “staggering” legal costs in dealing with some 400 lawsuits alleging priests and others sexually abused children. In a letter that was...
Posted: Feb 14, 2023
Federal investigators cited a Nevada gold mine for safety violations in the death of an underground worker, including inadequate inspections and a defective rearview camera on the truck she backed into a deep hole before crashing to the mine floor. &...
Posted: Feb 14, 2023