State Farm to Cease Accepting New Applications for Business and Personal Lines P/C in California
News Archives - Insurance Journal May 27, 2023 | 21:12 pmAn insurer group was quick to respond over the weekend after State Farm announced it will cease accepting new applications for business and personal lines property/casualty in California to deal with increased risks and higher construction costs. The American Property[…]
Read more...Midwest States Consider Relaxing Child Labor Laws to Address Worker Shortages
News Archives - Insurance Journal May 26, 2023 | 12:37 pmMADISON, Wis. (AP) – Lawmakers in several states are embracing legislation to let children work in more hazardous occupations, longer hours on school nights and in expanded roles including serving alcohol in bars and restaurants as young as 14. The[…]
Read more...New Orleans TV Station Airs MMA Partner’s Admissions During Staff Meeting
News Archives - Insurance Journal May 26, 2023 | 12:19 pmA New Orleans television station broadcast an audio recording of a founding partner of the McClenny Moseley & Associates law firm admitting that his law firm used a roofing company and a marketing firm to sign on clients. 4WWL’s Eyewitness[…]
Read more...Florida DFS Charges Claims Adjuster with Submitting $24,000 in Fraudulent Auto Claims
News Archives - Insurance Journal May 26, 2023 | 12:03 pmFlorida investigators have charged a former Progressive Insurance claims adjuster with fraud, alleging that she used claimants’ identities to submit fraudulent auto claims, then pocketed almost $24,000 in settlements. Kiyuana R. Pasley, 41, of Homestead, was an adjuster at Progressive[…]
Read more...Illinois Catholic Clergy Abuse Report Could Prompt Lawsuits, Changes to State Law
News Archives - Insurance Journal May 26, 2023 | 11:53 amCHICAGO (AP) – Illinois’ attorney general has ended a five-year investigation into sexual abuse of children by Catholic clergy in the state, releasing a nearly 700-page report that revealed the problem was far worse than the church acknowledged in 2018[…]
Read more...EEOC Warns Employers to Check AI Workplace Monitoring Tools for Bias
News Archives - Insurance Journal May 26, 2023 | 11:47 amThe head of the U.S. agency charged with enforcing civil rights in the workplace says artificial intelligence-driven “bossware” tools that closely track the whereabouts, keystrokes and productivity of workers can also run afoul of discrimination laws. Charlotte Burrows, chair of[…]
Read more...Fired Root CMO Accused of Stealing Millions Spends ‘Lavishly’; Judge Appoints Receiver
News Archives - Insurance Journal May 26, 2023 | 11:30 amAccording to court records, Root Inc’s former chief marketing officer – accused of stealing about $10 million from the company – has not made court appearances, spent money in violation of court orders, and has a bench warrant out for[…]
Read more...Allianz’ PIMCO Weighs Joining Investors Suing Over Credit Suisse AT1 Bonds
News Archives - Insurance Journal May 26, 2023 | 11:21 amPacific Investment Management Co. is considering joining hundreds of investors in challenging the Swiss regulator’s decision to wipe out about $17 billion of Credit Suisse Group AG bonds following the bank’s takeover by UBS Group AG. PIMCO, which filed a[…]
Read more...Kin, Slide Say They’ve Completed Reinsurance Programs Ahead of June 1 Renewal
News Archives - Insurance Journal May 26, 2023 | 10:56 amTwo Florida-focused property insurers have announced they have completed their reinsurance programs, just days ahead of what some had warned would be a painful June 1 renewal deadline. Kin Insurance Inc., a tech and data-heavy, direct-to-consumer insurer with offices in[…]
Read more...People Moves: SiriusPoint Names Lopez as CTO, Succeeding Siry; IQUW Appoints MacDonald and Hennessey to Lead Property; Chaucer Promotes Tighe to Head of ESG
News Archives - Insurance Journal May 26, 2023 | 10:47 amThis edition of International People Moves details appointments at three re/insurers SiriusPoint, IQUW and Chaucer. A summary of these new hires follows here. SiriusPoint Names Lopez as CTO, Succeeding Siry SiriusPoint Ltd., the Bermuda-based specialty insurer and reinsurer, announced that[…]
Read more...Inszone Acquires Specialty Contractors Insurance Services California
News Archives - Insurance Journal May 26, 2023 | 10:44 amInszone Insurance Services acquired Specialty Contractors Insurance Services. Specialty Contractors Insurance Services has predominantly served business owners and contractors. It is headquartered in Sacramento, California. Inszone is a national provider of benefits, personal, and commercial lines insurance.
Read more...Housing Crisis Remains in East Kentucky Almost A Year After Flooding
News Archives - Insurance Journal May 26, 2023 | 09:52 amShirley Howard’s feet splashed into nearly a foot of water when she stepped out of bed on a summer morning last July amid a torrential rainfall. A devastating flood swallowing up Kentucky’s Appalachian region had reached her bedroom in the[…]
Read more...NOAA Predicts Near-Normal Atlantic Hurricane Season
News Archives - Insurance Journal May 26, 2023 | 09:46 amAs the 2023 Atlantic hurricane season approaches June 1, the National Oceanic and Atmospheric Administration is predicting “near-normal” activity. The season’s expectations are mostly due to the fact NOAA scientists predict a high potential for the weather condition known as[…]
Read more...Typhoon Mawar Is Most Powerful Storm of 2023, So Far
News Archives - Insurance Journal May 26, 2023 | 09:43 amMawar is now one of the three strongest storms ever to hit the North Pacific in May and is the undisputed most powerful — in terms of windspeed — of 2023 so far, according to Jeff Masters, a meteorologist for[…]
Read more...Three Former Mississippi Officers Indicted in Death of Man Repeatedly Tased
News Archives - Insurance Journal May 26, 2023 | 09:37 amA Mississippi grand jury has indicted two former police officers on murder charges and another ex-officer on a manslaughter charge in the death of a Black man who was pinned to the ground and repeatedly tased during an arrest last[…]
Read more...People Moves: Jeter to Lead NFP Aviation Specialty Practice
News Archives - Insurance Journal May 26, 2023 | 09:08 amNFP Hires Jeter to Lead Aviation Specialty Practice Insurance broker NFP has hired Josh Jeter as a senior vice president and aviation specialty practice leader in the company’s aviation industry group. Jeter comes to NFP from Gallagher, where he served[…]
Read more...Eastman Chemical Resins to Pay $2.4M for Environmental Violations in Pennsylvania
News Archives - Insurance Journal May 26, 2023 | 09:05 amEastman Chemical Resins Inc. will pay a $2.4 million penalty for environmental violations at the sprawling 56-acre manufacturing facility in West Elizabeth, Pennsylvania, that is now owned and operated by Synthomer Jefferson Hills, the Environmental Protection Agency announced. Along with[…]
Read more...Dutch Watchdog Probes Alleged Tesla Data Breach
News Archives - Insurance Journal May 26, 2023 | 08:54 amThe data protection watchdog for the Netherlands said on Friday it was aware of possible Tesla data protection breaches, but it was too early for further comment. Germany’s Handelsblatt reported on Thursday that Elon Musk’s Tesla had allegedly failed to[…]
Read more...Report Alleges Workers’ Compensation Abuse in New York Correctional Unit
News Archives - Insurance Journal May 26, 2023 | 08:29 amA report by the New York State Inspector General alleges “egregious” abuse of a workers’ compensation loss wage benefit provision by state corrections and institution safety officers. The report blames a 2016 labor agreement with the state’s correction agency’s Security[…]
Read more...Georgian Billionaire Wins $926M From Credit Suisse After Fraud
News Archives - Insurance Journal May 26, 2023 | 07:58 amCredit Suisse was ordered to pay $926 million to Georgia’s former prime minister on Friday for losing part of his fortune, in a Singapore court ruling that represents one of the biggest legal awards made against the bank. Singapore’s International[…]
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