News Archives - Insurance Journal

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28 06, 2024

Australia Approves ANZ’s $3.3B Buyout of Suncorp; Deal Will Help With Insurance Focus

By | June 28th, 2024|Uncategorized|Comments Off on Australia Approves ANZ’s $3.3B Buyout of Suncorp; Deal Will Help With Insurance Focus

Australia on Friday gave the go-ahead for ANZ Group’s A$4.9 billion ($3.26 billion) buyout of Suncorp’s banking business, clearing the deal to proceed after almost two years of scrutiny by financial regulators and treasury. Treasurer Jim Chalmers said the deal …

28 06, 2024

Fisker to Recall Over 12,000 Ocean Vehicles

By | June 28th, 2024|Uncategorized|Comments Off on Fisker to Recall Over 12,000 Ocean Vehicles

Electric-vehicle firm Fisker is recalling more than 12,000 Ocean vehicles to fix an issue where exterior door handles can stick and fail to open, the company said on Friday, marking its third recall this month. The U.S. National Highway Traffic …

28 06, 2024

Vertafore Report Highlights Agency Recruitment, Hard Market Challenges

By | June 28th, 2024|Uncategorized|Comments Off on Vertafore Report Highlights Agency Recruitment, Hard Market Challenges

Independent insurance agencies are struggling to find qualified job candidates, and nearly a third of agents surveyed for a recent Vertafore report said they’re finding that “young people just aren’t that interested in insurance.” Vertafore’s annual insurance workforce survey report …

28 06, 2024

California Workers’ Comp Med-Legal Costs up Sharply Under New Fee Schedule

By | June 28th, 2024|Uncategorized|Comments Off on California Workers’ Comp Med-Legal Costs up Sharply Under New Fee Schedule

Payments for medical-legal evaluations and reports used to resolve medical disputes in California worker injury claims rose more than expected since a new Med-Legal Fee Schedule (MLFS) took effect in 2021, according to a new study. The study by the …

28 06, 2024

Ex-Staffers of Missouri Boarding School Face Suit Alleging Abuse of Students

By | June 28th, 2024|Uncategorized|Comments Off on Ex-Staffers of Missouri Boarding School Face Suit Alleging Abuse of Students

JEFFERSON CITY, Mo. (AP) — Yet another civil lawsuit filed Wednesday against a Missouri Christian boarding school by a former student accuses staffers of forced child labor, physical abuse and tactics aimed at hiding mistreatment from authorities. The lawsuit, filed …

28 06, 2024

Allstate, Nationwide Post Dramatic Q12024 Homeowners Loss Ratio Drops: S&P

By | June 28th, 2024|Uncategorized|Comments Off on Allstate, Nationwide Post Dramatic Q12024 Homeowners Loss Ratio Drops: S&P

In the topsy-turvy world of homeowners insurance, first-quarter loss ratios have been bouncing around for the last five years—from below 50 in 2020 to over 70 in 2021 and 2023, a new analysis shows. The S&P Global Market Intelligence analysis …

25 06, 2024

Jury Awards $13M to Ultramarathon Athlete Injured on Seattle Sidewalk

By | June 25th, 2024|Uncategorized|Comments Off on Jury Awards $13M to Ultramarathon Athlete Injured on Seattle Sidewalk

A jury awarded $13.1 million to an ultramarathon athlete who was severely injured when she fell on a Seattle sidewalk in 2021. The award by a King County jury found that the city of Seattle and the owners of an …

25 06, 2024

New Hampshire Weighs Suspension of Trucker Found Not Guilty in Deadly Motorcycle Crash

By | June 25th, 2024|Uncategorized|Comments Off on New Hampshire Weighs Suspension of Trucker Found Not Guilty in Deadly Motorcycle Crash

Days before the five-year anniversary of a crash that killed seven motorcyclists, relatives and friends urged New Hampshire officials not to allow the trucker involved back on the state’s roadways. A jury in 2022 found Volodymyr Zhukovskyy not guilty of …

25 06, 2024

Workers Sue Disney, Say They Were Wrongly Induced to Move to Florida

By | June 25th, 2024|Uncategorized|Comments Off on Workers Sue Disney, Say They Were Wrongly Induced to Move to Florida

ORLANDO, Fla. (AP) — Disney workers are suing their employer, claiming they were fraudulently induced to move from California to Florida to work in a new office campus only to have those plans later scrapped amid a fight between the …

25 06, 2024

Alabama Company Pays $81,000 OSHA Fine After Worker’s Fatal Fall

By | June 25th, 2024|Uncategorized|Comments Off on Alabama Company Pays $81,000 OSHA Fine After Worker’s Fatal Fall

The U.S. Department of Labor has fined an Alabama mobile home manufacturer more than $81,000 after a worker without fall protection slipped and fell to his death last November. The department’s Occupational Safety and Health Administration found that 62-year-old Jerry …