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News Archives - Insurance Journal
2 Big Cannabis Insurance Providers Say Losses from California Storms Not as Bad as Feared
Just how big an impact the recent historic California storms had on the state’s cannabis industry is still coming into focus, and while two of the biggest players in California’s cannabis insurance market are starting to see upticks in claims, …
POSTED JANUARY 27, 2023 8:12 PM |
Wisc. Court: Homicide Conviction Doesn’t Mean Baby’s Death Wasn’t an Accident
The mother of a baby girl who was killed by her father may pursue a claim against the father’s insurer because of unresolved questions, including whether the death was an accident, a divided Wisconsin Supreme Court ruled Thursday. In a …
POSTED JANUARY 27, 2023 5:53 PM |
Inszone Acquires Texas’ Austin Insurance
Inszone Insurance Services announced the acquisition of Austin Insurance. Established in 2005 by Cole Austin, Austin Insurance has provided insurance services in Grand Prairie, Texas for over a decade. Operations for Austin Insurance will continue under Inszone Insurance’s Dallas location. …
POSTED JANUARY 27, 2023 5:30 PM |
Illinois’ Miller Mid-America Joins VIAA
Springfield, Illinois-based Miller Mid-America Insurance Agency recently joined Valley Insurance Agency Alliance (VIAA), a cohesive family of more than 160 independent insurance agencies in Missouri and Illinois. Founded in 2022, the veteran-owned and operated Miller Mid-America Insurance Agency was created …
POSTED JANUARY 27, 2023 5:21 PM |
Boeing Arraigned in Texas Court Over Max Jet Crashes
FORT WORTH — In an unusual proceeding for a corporation accused of a crime, Boeing officials were arraigned Thursday in a federal courtroom in Fort Worth for the company’s actions leading to two plane crashes in Indonesia and Ethiopia in …
POSTED JANUARY 27, 2023 5:13 PM |
January Reinsurance Renewals Were Most Challenging in 2 Decades: MMC’s Doyle
The most challenging January reinsurance renewals in nearly two decades saw global property catastrophe rate increases of 25% to 60% with loss-affected clients facing even higher prices, according to John Doyle, president and chief executive officer of Marsh McLennan Cos. …
POSTED JANUARY 27, 2023 5:02 PM |
Risk Strategies Deal for Tanenbaum-Harber Agency Includes California-based Firm
Risk Strategies, a national insurance brokerage, acquired Florida’s Tanenbaum-Harber, a risk management and insurance advisor. Based in Miramar, Florida, Tanenbaum-Harber traces its beginnings to 1860, the companies said in a news release. It is considered one of the largest independent …
POSTED JANUARY 27, 2023 5:00 PM |
New York Prosecutors Allege Workers’ Comp Premium Fraud in Two Schemes Worth $10M
Manhattan District Attorney Alvin Bragg, Jr. within the past week announced two separate indictments alleging workers’ compensation fraud, one totaling $7 million in premiums and the other, $3 million. In one case, Juan Escobar, and his drywall and carpentry companies, …
POSTED JANUARY 27, 2023 3:46 PM |
Worker Falls to His Death on Ship at Port of Los Angeles
A worker fell to his death on a ship at the Port of Los Angeles, authorities said. He fell about 50 feet from an upper deck to a lower one shortly before 5 p.m. on Wednesday, the Los Angeles Fire …
POSTED JANUARY 27, 2023 3:22 PM |
Dollar General Cited Again for Safety Issues: $15M in OSHA Fines Since 2017
Dollar General Corp. is once again facing stiff penalties for workplace safety violations, this time in Florida and Alabama. The U.S. Department of Labor said that just weeks after the nationwide chain of discount stores was hit with citations for …
POSTED JANUARY 27, 2023 3:13 PM |
News Archives - Claims Journal
New York Prosecutors Allege Workers’ Comp Premium Fraud in Two Schemes Worth $10M
Manhattan District Attorney Alvin Bragg, Jr. within the past week announced two separate indictments alleging workers’ compensation fraud, one totaling $7 million in premiums and the other, $3 million. In one case, Juan Escobar, and his drywall and carpentry companies, …
POSTED JANUARY 27, 2023 5:13 PM |
Illinois Man Charged in Planned Parenthood Clinic Fire
CHICAGO (AP) — A central Illinois man was charged Wednesday with setting fire to a Planned Parenthood clinic earlier this month, federal law enforcement said. Tyler W. Massengill, 32, of Chillicothe, is accused of “malicious use of fire and an …
POSTED JANUARY 27, 2023 5:07 PM |
Colorado Lawmakers Look to AI to Detect Wildfires Earlier
DENVER (AP) — A year after the most destructive wildfire in the state’s history scorched nearly 1,100 homes, Colorado lawmakers are considering joining other Western states by adopting artificial intelligence in the hopes of detecting blazes before they burn out …
POSTED JANUARY 27, 2023 5:01 PM |
Japan Launches Intel Satellite to Watch N. Korea, Disasters
TOKYO (AP) _ Japan successfully launched a rocket Thursday carrying a government intelligence-gathering satellite on a mission to watch movements at military sites in North Korea and improve natural disaster response. The H2A rocket, launched by Mitsubishi Heavy Industries Ltd., …
POSTED JANUARY 27, 2023 4:54 PM |
Tesla, Insurers Take Different Paths to Deal with Expensive Repairs
Tesla Inc’s electric vehicles are expensive to repair – so much so that the automaker and insurers are addressing the issue in sharply different ways. Chief Executive Elon Musk says Tesla is making design and software changes to its vehicles …
POSTED JANUARY 27, 2023 4:52 PM |
Study of Pittsburgh Bridge Collapse Looking at Leg Fractures
PITTSBURGH (AP) _ Investigators looking into the collapse of a Pittsburgh bridge nearly one year ago are looking closely at damage to the legs of the structure, the National Transportation Safety Board said Thursday. An agency update on the Jan, …
POSTED JANUARY 27, 2023 4:46 PM |
Wisc. Supreme: Homicide Conviction Doesn’t Mean Baby’s Death Wasn’t an Accident
The mother of a baby girl who was killed by her father may pursue a claim against the father’s insurer because of unresolved questions, including whether the death was an accident, a divided Wisconsin Supreme Court ruled Thursday. In a …
POSTED JANUARY 27, 2023 6:00 AM |
Viewpoint: Prevention and Mitigation of Business Interruptions After Cyber Attacks
The modern security ecosystem is diverse and ever-changing, a place where cyber risk is top of mind for leaders at all levels, and threats to information / data security and privacy evolve at the speed of the technical innovations driving …
POSTED JANUARY 27, 2023 6:00 AM |
Shareholders Can Sue McDonald’s Ex-Executive in Landmark Ruling
WILMINGTON, Del. —Shareholders can sue McDonald Corp’s former global chief people officer for the damage they claim he caused to the restaurant chain by allegedly allowing a culture of sexual harassment to flourish, according to a groundbreaking legal ruling. The …
POSTED JANUARY 26, 2023 5:50 PM |
Few Florida Insurers Compel Arbitration, but Attorneys Say that Will Change
After American Integrity Insurance Co. filed for a binding arbitration endorsement on homeowner policies one year ago, many in the industry expected a wave of other insurers to follow suit as claims litigation costs continued to rise in Florida. So …
POSTED JANUARY 26, 2023 5:24 PM |
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