Texas Manufactured Homes Company Faces Lawsuit for Alleged Racial Harassment in the Workplace
News Archives - Insurance Journal Sep 21, 2023 | 12:56 pmA Texas manufactured homes company was sued for subjecting an employee to a hostile work environment after learning learning of his multiracial family, according to a lawsuit filed by the U.S. Equal Employment Opportunity Commission. Cavco Industries, Inc. and Palm[…]
Read more...The Hilb Group Expands Into Illinois
News Archives - Insurance Journal Sep 21, 2023 | 12:30 pmThe Hilb Group announced that it has acquired an Illinois-based property and casualty business, building on the company’s growing presence in the Midwest region and broadening its offerings to include specialized services for fast food franchises and student housing industries.[…]
Read more...People Moves: Grange Names Murphy Chief Legal Officer as Coleman Retires
News Archives - Insurance Journal Sep 21, 2023 | 12:28 pmGrange Names Murphy Chief Legal Officer as Coleman Retires After Nearly 34 Years Grange Insurance Company, headquartered in Columbus, Ohio, named Beth Murphy as chief legal officer, effective January 1, 2024, as LaVawn Coleman retires at the end of the[…]
Read more...From Disorderly to Orderly Reinsurance Renewals – What a Difference a Year Makes
News Archives - Insurance Journal Sep 21, 2023 | 11:54 amOne of the themes at this year’s reinsurance Rendez-Vous de Septembre (RVS) was that reinsurers have rediscovered client need, client interest and have again started to put clients at the center of conversations, according to Dirk Spenner, managing director at[…]
Read more...Risk Strategies Acquires Texas’ orchestrateHR Inc.
News Archives - Insurance Journal Sep 21, 2023 | 11:29 amRisk Strategies, announced that it has acquired human resources and employee benefits specialist orchestrateHR Inc. and its affiliate, Ebenconcepts Company . and its affiliate, (doing business as eBen Benefits). Also included in the transaction were the company’s specialty operating subsidiaries,[…]
Read more...Chicago Files Lawsuit Against Monsanto and Univar for Polluting Water, Air, and Soil with Harmful Chemicals
News Archives - Insurance Journal Sep 21, 2023 | 11:25 amChicago is suing Bayer AG’s Monsanto and Univar Solutions Inc. for polluting the city’s water, air and soil with chemicals the companies knew were harmful to humans. The complaint, filed in Cook County Circuit Court, seeks financial compensation for expenses[…]
Read more...Allstate Records About $640M in August Cat Losses, Half From Maui Wildfire
News Archives - Insurance Journal Sep 21, 2023 | 11:11 amAllstate reported about $641 million in August catastrophe losses from 18 events, with about half coming from the Maui wildfire. The losses for the month of August were $551 million or $435 million, after-tax, partially offset by favorable reserve reestimates[…]
Read more...Openly Secures $100 Million in Series D Funding
News Archives - Insurance Journal Sep 21, 2023 | 10:19 amInsurtech homeowners insurer Openly said has raised $100 million in Series D funding, led by Eden Global Partners. There was additional participation in the round from a mix of current and new investors including Gradient Ventures, Clocktower Technology Ventures, Trinity[…]
Read more...California Truck Drivers Ask Governor to Sign Job-Saving Bill as Self-Driving Big Rigs Are Tested
News Archives - Insurance Journal Sep 21, 2023 | 10:02 amCalifornia lawmakers, union leaders and truck drivers are trying to steer Democratic Gov. Gavin Newsom toward signing into law a proposal that could save jobs as self-driving trucks are tested for their safety on the roads. The legislation would ban[…]
Read more...Markets/Coverages: AmTrust Introduces Admitted Lawyers Professional Liability
News Archives - Insurance Journal Sep 21, 2023 | 09:29 amGlobal specialty P/C insurer AmTrust Financial Services introduced a new admitted lawyers professional liability policy from AmTrust PRO for mid-sized law firms. “In today’s competitive and complex legal environment, even a small error or simple oversight by an individual attorney[…]
Read more...OSHA Fines Georgia Concrete Pipe Maker $246,000 After Death of Worker in Florida
News Archives - Insurance Journal Sep 21, 2023 | 09:25 amThe death of a 19-year-old Florida worker could have been prevented if a concrete pipe maker had ensured that employees followed proper safety procedures, the U.S. Occupational Safety and Health Administration said. OSHA cited Foley Products Co., based in Georgia,[…]
Read more...MGM Resorts Recovers From Cyberattack, but Still No Digital Room Keys
News Archives - Insurance Journal Sep 21, 2023 | 08:45 amMGM Resorts said on Wednesday its hotels and casinos were back to normal operations but it was working to resolve issues at its luxury Excalibur hotel and casino in Las Vegas, over a week after a cyberattack disrupted its systems.[…]
Read more...Maritime Industry Eyes Nuclear Power for Ships as Tech Advances; Insurers Are Wary
News Archives - Insurance Journal Sep 21, 2023 | 04:19 amThe maritime industry is exploring whether nuclear fuel can be used to power commercial ships as advancements in technology open up such options, industry officials said. Nevertheless, any possible nuclear fuel solutions for ships are at least 10 years away[…]
Read more...Tech Update: Conduit Re Uses hyperexponential’s Pricing Decision Intelligence Platform
News Archives - Insurance Journal Sep 21, 2023 | 04:02 amConduit Re, the Bermuda-based global reinsurer, is achieving end-to-end underwriting with pricing decision intelligence (PDI) company hyperexponential. Using the PDI platform, hx Renew, Conduit Re is now able to rapidly develop and iterate its pricing models and rating landscape. Conduit[…]
Read more...Climate Change Made Deadly Floods in Libya and Greece More Extreme
News Archives - Insurance Journal Sep 21, 2023 | 02:35 amThe low-pressure weather system that unleashed unprecedented amounts of rain across the eastern Mediterranean last week was made more likely and more intense by climate change. Global warming caused by human emissions of greenhouse gases made the heavy rainfall over[…]
Read more...UK Firm Sold Thousands of Unverified Jet Engine Parts, CFM Says
News Archives - Insurance Journal Sep 21, 2023 | 02:12 amJet engine maker CFM International said on Wednesday thousands of engine components may have been sold with forged paperwork by a British distributor, as the fallout from a probe into falsely certified parts reached London’s High Court. Matthew Reeve, a[…]
Read more...UK Watchdog Sets 3-Month Deadline to Improve Car Insurance
News Archives - Insurance Journal Sep 21, 2023 | 01:45 amBritain’s financial watchdog has told motor insurers they have three months to improve the value they give customers in products that top up coverage, or face potential sanctions. The Financial Conduct Authority (FCA) said on Wednesday it had asked insurers[…]
Read more...John Grisham, Other Top Authors Sue OpenAI Over Copyrights
News Archives - Insurance Journal Sep 21, 2023 | 01:31 amA trade group for U.S. authors has sued OpenAI in Manhattan federal court on behalf of prominent writers including John Grisham, Jonathan Franzen, George Saunders, Jodi Picoult and “Game of Thrones” novelist George R.R. Martin, accusing the company of unlawfully[…]
Read more...Viewpoint: A New Risk Landscape Emerges for Global Maritime Industry
News Archives - Insurance Journal Sep 21, 2023 | 01:15 amExecutive Summary: The International Group of P&I Clubs offers a unique lens into the intricate web of maritime risk that influences both the insurance sector and the maritime industry globally. From this perspective, one thing is abundantly clear: A “new[…]
Read more...Lloyd’s and the UN Team Up to Provide Insurance to Climate Vulnerable Countries
News Archives - Insurance Journal Sep 21, 2023 | 01:10 amLloyd’s of London is teaming up with the United Nations Capital Development Fund (UNCDF) to try and improve access to insurance for climate vulnerable countries, with an initial focus on Fiji and Pacific island countries. Climate change is happening faster[…]
Read more...