News Archives - Insurance Journal

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25 06, 2024

Markets/Coverages: Relm Insurance Releases Difference in Conditions Solution for D&O

By | June 25th, 2024|Uncategorized|Comments Off on Markets/Coverages: Relm Insurance Releases Difference in Conditions Solution for D&O

Relm Insurance, the Bermuda-based specialty insurance carrier, announced the release of its Side A Difference in Conditions (DIC) solution. Relm’s Side A DIC solution was created for clients that have been unable to secure enough limit or consistent terms across …

25 06, 2024

US Judge Skeptical of Biden Overtime Pay Rule

By | June 25th, 2024|Uncategorized|Comments Off on US Judge Skeptical of Biden Overtime Pay Rule

A federal judge in Texas on Monday seemed likely to stop a Biden administration rule that would extend mandatory overtime pay to 4 million U.S. workers from taking effect, but was unsure whether he could block it nationwide or only …

25 06, 2024

Zurich Insurance Adding 600 People in India Following Kotak Deal

By | June 25th, 2024|Uncategorized|Comments Off on Zurich Insurance Adding 600 People in India Following Kotak Deal

Zurich Insurance Group AG plans to increase headcount in India by 40% over the next three years, adding 600 people following its acquisition of a majority stake in Kotak Mahindra Bank Ltd.’s general insurance unit. The Swiss firm is pursuing …

24 06, 2024

Maine Doctor Convicted on Multiple Counts of IIlegally Distributing Opioids

By | June 24th, 2024|Uncategorized|Comments Off on Maine Doctor Convicted on Multiple Counts of IIlegally Distributing Opioids

A Maine doctor who runs an addiction treatment center has been convicted on multiple counts of illegally distributing opioids including oxycodone, hydromorphone and fentanyl. Dr. Merideth Norris, 53, of Kennebunk, Maine, was found guilty in federal court Friday of distributing …

24 06, 2024

Lightning Strikes Near Travelers Golf Championship

By | June 24th, 2024|Uncategorized|Comments Off on Lightning Strikes Near Travelers Golf Championship

Two people were taken to the hospital Saturday after lightning struck a tree near a home along a golf course that is hosting the PGA Tour’s Travelers Championship. The home is just north of the fifth green at TPC River …

24 06, 2024

FEMA Is Ready for Hurricane and Wildfire Seasons, but Money A Concern

By | June 24th, 2024|Uncategorized|Comments Off on FEMA Is Ready for Hurricane and Wildfire Seasons, but Money A Concern

The head of the Homeland Security Department said Friday that the agency tasked with responding to disasters across the country is prepared as it goes into what is expected to be an intense hurricane and wildfire season but he’s concerned …

24 06, 2024

Containment Grows on New Mexico Wildfires, as Rains and Cooler Weather Help

By | June 24th, 2024|Uncategorized|Comments Off on Containment Grows on New Mexico Wildfires, as Rains and Cooler Weather Help

Containment has grown on a pair of New Mexico wildfires that caused that destroyed thousands of structures and forced the evacuation of more than 8,000 people. The Salt and South Fork fires have burned more than 25,000 acres. The South …

24 06, 2024

Four Minor Early Morning Earthquakes Hit Southern California

By | June 24th, 2024|Uncategorized|Comments Off on Four Minor Early Morning Earthquakes Hit Southern California

Four small earthquakes occurred in California in the early Monday morning hours, according to the U.S. Geological Survey. A magnitude 3.2 earthquake struck near Cobb at a depth of 1.1 miles, a M2.9 quake hit two miles southeast of Highland …

24 06, 2024

Cyber Insurance Market Stable With Potential for Growth, Says AM Best

By | June 24th, 2024|Uncategorized|Comments Off on Cyber Insurance Market Stable With Potential for Growth, Says AM Best

According to industry rating agency AM Best, there are enough positive factors to give the cyber insurance market a ‘stable’ outlook despite a stall in premium growth. Analysts at AM Best issued a segment outlook and report Monday, and said …

24 06, 2024

Texas Pet Products Manufacturer Fined $278K Over Employee’s Facial Burns

By | June 24th, 2024|Uncategorized|Comments Off on Texas Pet Products Manufacturer Fined $278K Over Employee’s Facial Burns

A federal workplace safety investigation of a global manufacturer and distributor of pet products in Arlington, Texas identified one willful violation and eight serious violations of required safety regulations during its investigation into how an employee suffered severe facial burns …