News Archives - Insurance Journal

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15 05, 2024

Markets/Coverages: Coalition Enters Excess Cyber Insurance Market in Australia

By | May 15th, 2024|Uncategorized|Comments Off on Markets/Coverages: Coalition Enters Excess Cyber Insurance Market in Australia

Coalition, the San Francisco-based cyber managing general agent and cyber-security firm, announced it entered the excess cyber insurance market in Australia, enabling businesses to add a layer of risk management to their cyber towers. Australian brokers can now sell coverage …

15 05, 2024

EU Finalizes Investment Fund Labels to Combat Greenwashing

By | May 15th, 2024|Uncategorized|Comments Off on EU Finalizes Investment Fund Labels to Combat Greenwashing

The European Union’s securities watchdog confirmed on Tuesday final guidelines on when investment funds can label themselves as being “sustainable” without being accused of greenwashing. Trillions of dollars globally have flowed into investments that promote their green attractions, but regulators …

15 05, 2024

Markets/Coverages: CFC Partners With Online Quoting Platform Tarmika

By | May 15th, 2024|Uncategorized|Comments Off on Markets/Coverages: CFC Partners With Online Quoting Platform Tarmika

Specialty insurer CFC said it will be offering its admitted cyber insurance solution on Tarmika, an online quoting platform for independent agents. CFC enables agents to instantly quote and bind cyber insurance directly on the Tarmika platform, making it even …

10 05, 2024

UKMTO Reports Hijacking Attempt of Vessel East of Yemen’s Aden

By | May 10th, 2024|Uncategorized|Comments Off on UKMTO Reports Hijacking Attempt of Vessel East of Yemen’s Aden

The United Kingdom Maritime Trade Operations (UKMTO) organization said on Friday it had received a report of a failed hijacking attempt of a vessel 195 nautical miles east of Yemen’s Aden. The vessel’s master reported being approached by a small …

14 05, 2024

Teen Awarded $185K in Lawsuit Over Interference With Recording of Mother’s Arrest

By | May 14th, 2024|Uncategorized|Comments Off on Teen Awarded $185K in Lawsuit Over Interference With Recording of Mother’s Arrest

NEW ORLEANS (AP) — A teenager who video-recorded his mother’s forceful arrest by Louisiana sheriff’s deputies in 2020 has been awarded $185,000 by a federal jury in a lawsuit filed over one deputy’s attempt to interfere with the recording. De’Shaun …

15 05, 2024

Before Global Scrutiny, Indian Spice Maker MDH Faced Many US Rejections

By | May 15th, 2024|Uncategorized|Comments Off on Before Global Scrutiny, Indian Spice Maker MDH Faced Many US Rejections

Popular Indian spice brand MDH, under scrutiny for alleged contamination in some products, has since 2021 seen an average 14.5% of its US shipments rejected due to the presence of bacteria, a Reuters analysis of US regulatory data found. Hong …

15 05, 2024

FDIC Chair Gruenberg Apologizes for Agency Culture, Commits to Fixes

By | May 15th, 2024|Uncategorized|Comments Off on FDIC Chair Gruenberg Apologizes for Agency Culture, Commits to Fixes

U.S. Federal Deposit Insurance Corporation Chairman Martin Gruenberg on Wednesday said he was deeply sorry for a toxic workplace culture and his own mistreatment of employees. Testifying before Congress, Gruenberg said he accepted the findings of an independent report that …

10 05, 2024

Florida’s HCI Group Reports Another Healthy Quarter

By | May 10th, 2024|Uncategorized|Comments Off on Florida’s HCI Group Reports Another Healthy Quarter

TAMPA, Fla. (AP) — HCI Group Inc. (HCI) on Wednesday reported first-quarter profit of $47.6 million, which follows a $38 million profit for Q4 2023. The Tampa-based company said it had profit of $3.81 per share. Earnings, adjusted for non-recurring …

14 05, 2024

Governor Signs Strengthen Oklahoma Homes Act Into Law

By | May 14th, 2024|Uncategorized|Comments Off on Governor Signs Strengthen Oklahoma Homes Act Into Law

Oklahoma Governor Kevin Stitt has signed into law Monday a bill, which aims to provide financial grants to construct or retrofit homes, making them more resilient against the destructive forces of tornadoes, windstorms and hail. Under the new law, known …

10 05, 2024

Inszone Acquires Texas’ Brazos Valley Insurance Agency

By | May 10th, 2024|Uncategorized|Comments Off on Inszone Acquires Texas’ Brazos Valley Insurance Agency

Inszone Insurance Services announced its 15th acquisition in the state of Texas with the successful integration of Brazos Valley Insurance Agency. The move further solidifies Inszone’s commitment to enhancing its presence in the Texas market and marks another significant milestone …