Insurance Journal
EW ORLEANS (AP) – The oxygen-depleted “dead zone” that forms each year in the Gulf of Mexico off Louisiana and Texas is forecast to cover about 4,155 square miles (10,761 square kilometers) this year. That’s about 1,200 square...
Posted: Jun 09, 2023
Valley Insurance Agency Alliance Hires Von Ruden as Personal Foundation Coach Valley Insurance Agency Alliance (VIAA), headquartered in St. Louis, Missouri, recently hired Trish Von Ruden as personal foundation coach. Von Ruden will coach new and exi...
Posted: Jun 09, 2023
The New Orleans Steamboat Company (NOSC) was charged on May 26, 2023 with violating the Clean Water Act (“CWA”) in connection with a discharge of excess ballast material into the Industrial Canal in New Orleans in 2019, according to the &...
Posted: Jun 09, 2023
The SEC’s new lawsuit against Coinbase Global Inc. appears best positioned among cryptocurrency cases to let the US Supreme Court finally decide if digital assets count as securities. The crypto tokens traded by Coinbase users should be treated...
Posted: Jun 09, 2023
Shareholder support for proxy resolutions on topics including climate change and workforce diversity dropped significantly this spring, analysts said, as tough proposals from activists met with growing political pressure on fund firms’ voting....
Posted: Jun 09, 2023
The UK is drawing up a war-risk insurance scheme that it hopes will convince investment companies as well as tech, energy and defense firms to back Ukraine’s reconstruction with billions in aid, people familiar with the plans said. Britain is &...
Posted: Jun 09, 2023
New Farmers Group CEO Raul Vargas has reversed a prior company decision to allow most workers to do their jobs from home by instituting a hybrid work scheduling starting in September. Despite some employees reportedly making major life changes – R...
Posted: Jun 09, 2023
For the first time in six years, Florida has a new health care provider reimbursement manual, governing workers’ compensation fees for doctors. But the manual already could be considered three years out of date. It also will soon face a …
Posted: Jun 09, 2023
Montclair Township in New Jersey has been hit by a cyber attack, Mayor Sean Spiller reported on June 6. The town was holding a municipal election on June 6. According to the mayor, the attack did not affect any voting …
Posted: Jun 09, 2023
A divided Alabama Supreme Court on Friday declined to lift a preliminary injunction blocking construction of a new coastal bridge. Justices in a 5-3 decision declined the emergency request from the Alabama Department of Transportation to lift the inj...
Posted: Jun 09, 2023
FCCI Insurance Group has hired Phil Shepard to lead its surety line of business expansion into New England. FCCI is now writing contract and commercial surety bonds in the six New England states – Connecticut, New Hampshire, Maine, Massachusetts, Rho...
Posted: Jun 09, 2023
LANSING, Mich. (AP) – Michigan lawmakers introduced bipartisan legislation Tuesday that would give victims of sexual abuse more time to sue for damages as the state again looks to overhaul laws following multiple sexual abuse scandals. The legi...
Posted: Jun 09, 2023
North Carolina agencies and state pension plans would be prohibited from using socially and environmentally conscious criteria to make investment decisions or hire employees, under legislation that advanced Wednesday in the state Senate. The proposal...
Posted: Jun 09, 2023
North Carolina agencies and state pension plans would be prohibited from using socially and environmentally conscious criteria to make investment decisions or hire employees, under legislation that advanced Wednesday in the state Senate. The proposal...
Posted: Jun 09, 2023
The Kremlin announced that Russian President Vladimir Putin has signed a law to ratify the creation of the Eurasian Reinsurance Co. The Eurasian Economic Union (EAEU) agreed in October 2022 to form the company, which is intended to facilitate investm...
Posted: Jun 09, 2023
COLUMBUS, Ohio (AP) – Thousands of dollars raised by a charity that falsely claimed it would help residents affected by a train derailment on the Ohio- Pennsylvania border earlier this year will be turned over to a food bank serving …
Posted: Jun 09, 2023
New Mexico’s attorney general and its Environment Department filed suit against the manufacturers of so-called “forever chemicals,” commonly referred to as PFAS, seeking monetary damages to defray the costs of environmental monitori...
Posted: Jun 09, 2023
A summer that has already seen water crises and wildfire smoke is rapidly becoming an inflection point in the pitched battle between climate change and the price of homeowners’ insurance in the US. American International Group Inc., which has a...
Posted: Jun 09, 2023
Philippine officials on Thursday raised the alert level for one of the country’s most active volcanoes after superheated streams of gas, debris and rocks cascaded down its upper slope in a condition they fear could lead to a hazardous eruption...
Posted: Jun 09, 2023
Denis Kessler, 71, non-executive chairman of SCOR and the reinsurer’s former chief executive, died Friday, the company said. “Over the past two decades, Denis Kessler has been the architect behind SCOR’s success and reputation throu...
Posted: Jun 09, 2023
A significant number of Americans ages 44 and younger show a high level of tolerance for insurance fraud, according to a new survey of insurance consumers by Verisk and the Coalition Against Insurance Fraud. The accompanying study found that while &#...
Posted: Jun 09, 2023
Acrisure said it has acquired TEn Insurance Services Ltd. As part of the acquisition, TEn will go to market as Eleven Network. The deal is expected to close in the near term, pending FCA regulatory approvals. Terms were not disclosed. …
Posted: Jun 09, 2023
The U.S. Supreme Court yesterday narrowed when identity theft can be included as part of federal criminal charges. In the case (Dubin v. U.S.), the high court found that not every use of another’s identification means there has been an …
Posted: Jun 09, 2023
A well servicing company that damaged 53 natural gas wells by using a defective chemical during a hydrofracking operation is not entitled to insurance coverage for a $13 million jury verdict because there was no accident, a panel of the …
Posted: Jun 09, 2023
New York City’s reliance on the tactic known as “stop and frisk” as part of a new initiative to combat gun violence is harming communities of color and running afoul of the law, a court-appointed federal monitor reported this week....
Posted: Jun 09, 2023