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News Archives - Insurance Journal
Higginbotham Adds South Florida Benefits Agency to Team Texas-headquartered Higginbotham, one of the largest independent insurance and benefits firms, has added Adams Benefits of Boca Raton, Florida, to its team, the company said in a news release. The move marks an expansion into south Florida for Higginbotham, which …
POSTED APRIL 26, 2024 3:24 PM |
US Probes Tesla Recall of 2 Million Vehicles Over Autopilot, Citing Concerns U.S. auto safety regulators said Friday they have opened an investigation into whether Tesla’s recall of more than 2 million vehicles announced in December to install new Autopilot safeguards is adequate. The National Highway Traffic Safety Administration (NHTSA) said it …
POSTED APRIL 26, 2024 3:17 PM |
NC Agent, Missouri Lawyers Convicted in $4M Tax Shelter, Insurance Scheme A federal jury on Thursday found a North Carolina insurance agent and two Missouri lawyers guilty on all counts in a $4 million tax evasion scheme that also defrauded an insurance carrier. The jury in Charlotte, said licensed agent and …
POSTED APRIL 26, 2024 2:53 PM |
Ban on Worker Noncompetes Faces Uphill Legal Battle The U.S. Federal Trade Commission’s ban on “noncompete” agreements commonly signed by workers is likely vulnerable to legal challenges, experts said, as some courts have grown increasingly skeptical of federal agencies’ power to adopt broad rules. The commission in unveiling …
POSTED APRIL 26, 2024 2:43 PM |
Report: Cybercrime ‘A Thriving Business’ as US Claims Frequency Rises Cyber claims frequency in the U.S. rose 13% last year, a new report shows. According to Coalition’s 2024 Cyber Claims Report, released this week, cybercrime is “a thriving business that adversely impacts” the economy. In 2023, there were more than …
POSTED APRIL 26, 2024 1:47 PM |
Class Action Opposes Limiting Ship’s Liability for Baltimore Bridge Collapse A Baltimore small business has filed a class action against the owner and operator of the cargo ship Dali that crashed into the Francis Scott Key Bridge last month. The suit, filed Thursday by the Karen Austin, the founder of …
POSTED APRIL 26, 2024 1:30 PM |
Missouri House Backs Legal Shield for Weedkiller Maker Facing Cancer Lawsuits JEFFERSON CITY, Mo. (AP) — The manufacturer of a popular weedkiller won support Wednesday from the Missouri House for a proposal that could shield it from costly lawsuits alleging it failed to warn customers its product could cause cancer. The …
POSTED APRIL 26, 2024 7:00 AM |
Central US Braces for Severe Weather Outbreak An active weather pattern could bring destructive tornadoes, heavy rains, large hail and strong wind gusts to parts of the central United States over the next several days, according to meteorologists at the National Weather Service and Accuweather. Two strong …
POSTED APRIL 26, 2024 7:00 AM |
Judge Won’t Dismiss Lawsuits Against Travis Scott Over Deadly Astroworld Concert HOUSTON (AP) — A judge has declined to dismiss hundreds of lawsuits filed against rap star Travis Scott over his role in the deadly 2021 Astroworld festival in which 10 people were killed in a crowd surge. State District Judge …
POSTED APRIL 26, 2024 6:00 AM |
Here’s Why Experts Don’t Think Cloud Seeding Caused Dubai Flooding With cloud seeding, it may rain, but it doesn’t really pour or flood — at least nothing like what drenched the United Arab Emirates and paralyzed Dubai, meteorologists said. Cloud seeding, although decades old, is still controversial in the weather …
POSTED APRIL 26, 2024 5:39 AM |
West News Archives - Insurance Journal
Family of Nigerian Businessman Killed in Helicopter Crash Sues Charter Company The family of a Nigerian business leader who died in a Southern California helicopter crash that killed five others in February filed a lawsuit claiming the flight should have been grounded because of treacherous weather. Relatives of Abimbola Ogunbanjo, the …
POSTED APRIL 26, 2024 5:00 AM |
Orion180 Launches Homeowners Insurance in Arizona Orion180 is expanding its homeowners insurance services to Arizona under a push by the company into the Western U.S. Orion180 currently operates in Alabama, Arizona, Georgia, Indiana, Mississippi, North Carolina and South Carolina through its two insurance carriers. The company …
POSTED APRIL 26, 2024 5:00 AM |
Workers’ Comp Rating Bureau of California OKs Higher Pure Premium Rate Filing The Workers’ Compensation Insurance Rating Bureau of California submitted its Sept. 1, 2024, pure premium rate filing to the California Department of Insurance, proposing advisory rates on average 0.9% above the average approved Sept. 1, 2023 rates. The proposed advisory …
POSTED APRIL 26, 2024 5:00 AM |
Viewpoint: Insurers Face Added Role in Curbing Workplace Violence With California Law New legislation aimed at reducing workplace violence in California vastly increases employers’ responsibilities and hands workers’ compensation insurers an unprecedented oversight role that is likely to trigger lawsuits and affect rates and capacity. The Workplace Violence Prevention Bill SB 553, …
POSTED APRIL 25, 2024 5:15 AM |
PCF Insurance in Utah Secures $400M in Financing PCF Insurance Services in Utah closed $400 million in incremental debt financing led by Blue Owl. The financing was materially oversubscribed and was upsized from $300 million to $400 million in response to demand from new and existing lenders. The …
POSTED APRIL 25, 2024 5:00 AM |
Jury Rules BNSF Contributed to 2 Deaths in Montana Town Exposed to Asbestos A federal jury said BNSF Railway contributed to the deaths of two people who were exposed to asbestos decades ago when tainted mining material was shipped through a Montana town where thousands have been sickened. The jury awarded $4 million …
POSTED APRIL 25, 2024 5:00 AM |
People Moves: Liberty Names Rubin Senior Vice President, Benefits The Liberty Company Insurance Brokers named Neal Rubin senior vice president, benefits. Rubin is based in Irvine, California. Rubin has more than 40 years of experience in the Southern California employee benefits sector. He spent seven years as vice president …
POSTED APRIL 25, 2024 5:00 AM |
AM Best Places Credit Ratings of GeoVera Insurance Group Members Under Review AM Best placed under review with developing implications the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a” (Excellent) of the members of GeoVera Insurance Group in Fairfield, California. Coastal Select Insurance …
POSTED APRIL 24, 2024 5:00 AM |
Omaha National Acquires Sutter Insurance in California Omaha National Group Inc. acquired Sutter Insurance Co., a California domiciled carrier. Sutter Insurance has been renamed Omaha National Casualty Co. Omaha National also owns Omaha National Insurance Co., which is domiciled in Nebraska. Omaha National, now licensed to issue …
POSTED APRIL 24, 2024 5:00 AM |
Hawaii Lawmakers Take Aim at Vacation Rentals After Wildfire Amplifies Housing Crisis Amy Chadwick spent years scrimping and saving as a single mother of two to buy a house in the town of Lahaina on the Hawaiian island of Maui. But after a devastating fire leveled Lahaina in August and reduced Chadwick’s …
POSTED APRIL 24, 2024 5:00 AM |
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