News Archives - Insurance Journal

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23 05, 2023

New York Dairy Farm Workers Gain $150K in Unpaid Wages

By | May 23rd, 2023|Uncategorized|Comments Off on New York Dairy Farm Workers Gain $150K in Unpaid Wages

A settlement in New York in a wage theft case has resulted in two dairy farm workers receiving nearly $150,000 in back wages. The New York State Department of Labor (NYSDOL) said its investigators found that Lewis County dairy farm …

23 05, 2023

Obie Raises $25M Series B to Expand Embedded Insurance Technology

By | May 23rd, 2023|Uncategorized|Comments Off on Obie Raises $25M Series B to Expand Embedded Insurance Technology

Insurtech Obie announced it has raised $25.5 million in a series B funding round led by Battery Ventures, with participation from Brick and Mortar VC, DivcoWest, and several real estate funds and investor groups. “We’re excited to have the ongoing …

23 05, 2023

People Moves: Lockton Adds Allianz’s Caruso; Verdi Joins Alliant From Gallagher; Marsh McLennan Agency Names Moher; Bischoff Joins Harford’s IT

By | May 23rd, 2023|Uncategorized|Comments Off on People Moves: Lockton Adds Allianz’s Caruso; Verdi Joins Alliant From Gallagher; Marsh McLennan Agency Names Moher; Bischoff Joins Harford’s IT

Lockton Appoints Caruso Financial Institutions Practice Leader in the Northeast Lockton, based in Kansas City, Missouri, has appointed Joe Caruso as its financial institutions practice leader in the Northeast. Caruso is based in New York, New York. Caruso brings 30 …

23 05, 2023

Widow of Bride Killed on Wedding Night Sues Driver, Carolina Bars

By | May 23rd, 2023|Uncategorized|Comments Off on Widow of Bride Killed on Wedding Night Sues Driver, Carolina Bars

The alleged drunken driver who police say slammed into newlyweds riding along a South Carolina beach road now faces a wrongful death lawsuit alongside several establishments accused of overserving her on the night of the crash, which killed the bride. …

23 05, 2023

World’s ‘Carbon Majors’ Face Biggest Share Price Hit From Climate Litigation: Study

By | May 23rd, 2023|Uncategorized|Comments Off on World’s ‘Carbon Majors’ Face Biggest Share Price Hit From Climate Litigation: Study

The world’s ‘carbon majors’ in the energy, utilities and mining sectors face the biggest share price hit when climate-related lawsuits are filed against them and need to consider it a financial risk, a study on Tuesday showed. The paper by …

23 05, 2023

Markets/Coverages: Sapiens to Integrate OpenAI for Insurers; WTW’s New Product for Intangible Assets; 2 New Construction Programs at Procore

By | May 23rd, 2023|Uncategorized|Comments Off on Markets/Coverages: Sapiens to Integrate OpenAI for Insurers; WTW’s New Product for Intangible Assets; 2 New Construction Programs at Procore

Sapiens International Corporation, a global provider of software solutions for the insurance industry, announced an agreement to integrate Microsoft Azure OpenAI Service to harness the most advanced generative AI models and tools for the insurance industry. Sapiens will integrate Microsoft …

23 05, 2023

Italian Insurer Unipol and SpaceX Join Forces to Help People Hit by Flooding

By | May 23rd, 2023|Uncategorized|Comments Off on Italian Insurer Unipol and SpaceX Join Forces to Help People Hit by Flooding

Elon Musk’s SpaceX and Unipol Gruppo agreed to join forces to help people hit by flooding in northern Italy connect to the Internet, facilitating rescue operations, the Italian insurer said on Saturday. Torrential rains devastated the eastern side of the …

7 06, 2023

Texas Car Dealership Sued for Age and Disability Discrimination

By | June 7th, 2023|Uncategorized|Comments Off on Texas Car Dealership Sued for Age and Disability Discrimination

DALLAS – Pete’s Car Smart Inc., a car dealership based in Amarillo, Texas, violated federal law by firing a long-time employee based on her age and cardiovascular-related disability, the federal agency announced today. According to the EEOC’s lawsuit, the employee …

23 05, 2023

Fitch Downgrades Allstate’s IFS Ratings to ‘A’

By | May 23rd, 2023|Uncategorized|Comments Off on Fitch Downgrades Allstate’s IFS Ratings to ‘A’

Citing declines in statutory capital and poor underwriting results in personal auto, Fitch Ratings has downgraded the insurer financial strength ratings of Allstate P/C insurance subsidiaries to “A” (Strong) from “A+.” Fitch has also downgraded Allstate’s holding company ratings, including …

23 05, 2023

U.S. Seeks Labor Rights Probe at Goodyear Tire in Mexico

By | May 23rd, 2023|Uncategorized|Comments Off on U.S. Seeks Labor Rights Probe at Goodyear Tire in Mexico

U.S. labor officials on Monday said they have asked Mexico to investigate alleged worker rights abuses at a Goodyear Tire & Rubber Co plant in Mexico in the latest “rapid response” probe under North American trade rules. The complaint from …