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News Archives - Insurance Journal
Bank of Japan Scraps Radical Policy, Makes First Interest Rate Hike in 17 Years The Bank of Japan (BOJ) ended eight years of negative interest rates and other remnants of its unorthodox policy on Tuesday, making a historic shift away from its focus on reflating growth with decades of massive monetary stimulus. While the …
POSTED MARCH 19, 2024 10:05 AM |
China Evergrande’s Alleged $78 Billion Fraud Is Among World’s Worst China Evergrande Group’s alleged $78 billion revenue overstatement escalates the legal peril of founder Hui Ka Yan, who now stands at the center of one of the biggest financial fraud cases in history. The nation’s top securities regulator said the …
POSTED MARCH 19, 2024 9:05 AM |
Realtor Group Strikes $418 Million Deal to End Suits Over Commissions The National Association of Realtors agreed to settle litigation over commission rules for US real estate agents, clearing the way for possible changes in how Americans buy and sell homes. For homeowners and buyers, the proposed settlement marks an important …
POSTED MARCH 19, 2024 5:31 AM |
Viewpoint: The Imperative of Long-Term NFIP Reform In the wake of a record-shattering 28 billion-dollar extreme weather and natural disaster season in 2023, the U.S. finds itself at the mercy of an increasingly volatile climate. As hurricanes grow fiercer, sea levels rise and rainfall patterns shift, one …
POSTED MARCH 19, 2024 5:25 AM |
North Carolina Labor Chief Rejects Infectious Disease Rules for Workplaces RALEIGH, N.C. (AP) — North Carolina’s elected labor commissioner has declined to adopt rules sought by worker and civil rights groups that would have set safety and masking directives in workplaces for future infectious disease outbreaks like with COVID-19. Commissioner …
POSTED MARCH 19, 2024 5:01 AM |
Maui’s Mayor Prioritizes Vows to Hire More Firefighters After Hawaii Wildfire Maui’s mayor says he is prioritizing housing, evaluating evacuation routes and hiring more firefighters as his Hawaii community recovers from the deadliest U.S. wildfire in more than a century. Mayor Richard Bissen outlined the steps in emotional remarks more than …
POSTED MARCH 19, 2024 5:00 AM |
People Moves: Zamora Named Chief Underwriting Officer of ICW Group ICW Group Insurance Companies promoted Paul Zamora to chief underwriting officer, leading the company’s property/casualty multiline underwriting strategy and business expansion. Zamora joined ICW Group nearly 20 years ago to oversee its workers’ compensation underwriting business. He most recently served …
POSTED MARCH 19, 2024 5:00 AM |
Older Boeing Plane Found to Have Missing Panel After Flight From California to Oregon A post-flight inspection revealed a missing panel on an older Boeing 737-800 that had just arrived at its destination in southern Oregon on Friday after flying from San Francisco, officials said, the latest in a series of recent incidents involving …
POSTED MARCH 19, 2024 5:00 AM |
New Jersey Voters May Get to Decide If They Have a Right to a Clean Environment New Jersey, known as much for its beaches and blueberries as for the chemical plants and refineries that line some of its major highways, is considering asking voters a fundamental question: Should the state guarantee its citizens the right to …
POSTED MARCH 19, 2024 5:00 AM |
Six Defendants to Stand Trial for Michigan Auto Insurance Fraud Scheme Six defendants will stand trial on charges alleging the group operated an auto insurance fraud scheme targeting Michigan residents involved in automobile collisions, Michigan Attorney General Dana Nessel and Anita Fox, Director of the Michigan Department of Insurance and Financial …
POSTED MARCH 18, 2024 4:49 PM |
West News Archives - Insurance Journal
Maui’s Mayor Prioritizes Vows to Hire More Firefighters After Hawaii Wildfire Maui’s mayor says he is prioritizing housing, evaluating evacuation routes and hiring more firefighters as his Hawaii community recovers from the deadliest U.S. wildfire in more than a century. Mayor Richard Bissen outlined the steps in emotional remarks more than …
POSTED MARCH 19, 2024 5:00 AM |
People Moves: Zamora Named Chief Underwriting Officer of ICW Group ICW Group Insurance Companies promoted Paul Zamora to chief underwriting officer, leading the company’s property/casualty multiline underwriting strategy and business expansion. Zamora joined ICW Group nearly 20 years ago to oversee its workers’ compensation underwriting business. He most recently served …
POSTED MARCH 19, 2024 5:00 AM |
Older Boeing Plane Found to Have Missing Panel After Flight From California to Oregon A post-flight inspection revealed a missing panel on an older Boeing 737-800 that had just arrived at its destination in southern Oregon on Friday after flying from San Francisco, officials said, the latest in a series of recent incidents involving …
POSTED MARCH 19, 2024 5:00 AM |
Washington Commissioner Fines Molina $100K for Billing Errors Washington Insurance Commissioner Mike Kreidler fined Molina Healthcare of Washington $100,000 on Tuesday for errors in the company’s enrollment and billing system. Kreidler’s office opened a review of Molina’s enrollment and billing system in 2021 after a significant increase in …
POSTED MARCH 18, 2024 5:00 AM |
People Moves: BenefitMall Names Hutchinson Benefits Sales Executive for Southern California BenefitMall has named Don Hutchinson benefits sales executive for Southern California. Hutchinson has over a decade of industry experience. Before joining BenefitMall in February, Hutchinson most recently served as a regional sales manager at Choice Administrators. BenefitMall is headquartered in …
POSTED MARCH 18, 2024 5:00 AM |
Landslide Destroys Los Angeles Home, Threatening at Least 2 Others A landslide reduced a Los Angeles house under renovation to a jumble of lumber, pulled the pool and deck away from a second home, and left the pool at a third residence on the edge of a huge fissure. The …
POSTED MARCH 15, 2024 7:51 PM |
Waymo’s Robotaxi Expands into Los Angeles, Starting Free Rides in Parts of City Robotaxis will begin cruising the streets of Los Angeles this week when Google spinoff Waymo starts offering free rides to some of the roughly 50,000 people who have signed up for its driverless ride-hailing service. Waymo is expanding into Los …
POSTED MARCH 14, 2024 7:49 PM |
California Insurance Commissioner: Allow Cat Modeling in Rates for Wildfires California Insurance Commissioner Ricardo Lara said he will allow catastrophe modeling to be used in rate regulation for wildfires, a move he says will help restore insurance options for Californians, including allowing. It was the latest phase of Lara’s Sustainable …
POSTED MARCH 14, 2024 6:05 PM |
California Insurer of Last Resort Is Unprepared for Big Disaster California’s property insurer of last resort told lawmakers that it’s financially unprepared to cover the costs of a major catastrophe in the state. The plan now faces $311 billion in potential losses, up from $50 billion six years ago, California …
POSTED MARCH 14, 2024 5:24 PM |
NTSB Investigating Small Plane Crash in Oregon That Left ‘No Survivors’ A small plane crash in a remote area of central Oregon has killed everyone on board, local authorities said. The Jefferson County Sheriff’s Office said a 911 call around 7:40 p.m. Sunday reported the crash outside the city of Madras, …
POSTED MARCH 14, 2024 2:39 PM |
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