News Archives - Insurance Journal

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21 01, 2025

Liberty Mutual, Great American Balk at $20M Claim on Fake Basquiat Artwork

By | January 21st, 2025|Uncategorized|Comments Off on Liberty Mutual, Great American Balk at $20M Claim on Fake Basquiat Artwork

ORLANDO, Fla. (AP) — Two insurance companies have asked a court to block a $19.7 million claim by owners of more than two dozen forged Jean-Michel Basquiat paintings that were seized during an FBI raid at the Orlando Museum of …

21 01, 2025

North Carolina Settles on 15% Increase in HO Rates

By | January 21st, 2025|Uncategorized|Comments Off on North Carolina Settles on 15% Increase in HO Rates

RALEIGH. N.C. (AP) — Base rates for North Carolina homeowners’ insurance premiums will increase on average by about 15% by mid-2026 as part of a settlement reached by the state Insurance Department and the industry. The agreement announced Friday by …

21 01, 2025

Extreme Cold and Record Snowfall to Test Texas Power Grid

By | January 21st, 2025|Uncategorized|Comments Off on Extreme Cold and Record Snowfall to Test Texas Power Grid

A cold blast gripping the US South threatens to bring record-breaking snowfall to New Orleans and Houston and a deep freeze that endangers oil and natural gas output and electrical grids. Snow and sleet began dropping Monday night in Houston, …

21 01, 2025

Michigan Adult Care Company to Pay $170K in EEOC Lawsuit

By | January 21st, 2025|Uncategorized|Comments Off on Michigan Adult Care Company to Pay $170K in EEOC Lawsuit

PACE Southeast Michigan, a company providing all-inclusive care for the elderly, will pay $170,000 and furnish other relief to resolve a disability discrimination lawsuit filed by the U.S. Equal Opportunity Commission (EEOC), the federal agency announced. According to the EEOC’s …

21 01, 2025

Walgreens Ignored Red Flags in Dispensing Opioids, US Says

By | January 21st, 2025|Uncategorized|Comments Off on Walgreens Ignored Red Flags in Dispensing Opioids, US Says

The Department of Justice sued Walgreens Boots Alliance Inc. for allegedly dispensing opioids and other controlled substances at pharmacies across the US while ignoring red flags that the prescriptions were likely illegal. The lawsuit claims Walgreens pharmacists filled millions of …

21 01, 2025

EEOC Sues Two Automakers, Alleging Discrimination and Harassment

By | January 21st, 2025|Uncategorized|Comments Off on EEOC Sues Two Automakers, Alleging Discrimination and Harassment

The U.S. Equal Employment Opportunity Commission on Jan. 17 sued two large automakers, accusing General Motors and the United Auto Workers of age discrimination and the Stellantis unit that includes Chrysler of subjecting female employees to sexual harassment. GM and …

21 01, 2025

UK’s Reeves to Meet Key Financial Services Sectors

By | January 21st, 2025|Uncategorized|Comments Off on UK’s Reeves to Meet Key Financial Services Sectors

British finance minister Rachel Reeves said on Monday she would meet representatives from key financial services sectors, such as banking and insurance, over the coming months to formulate a new growth and competitiveness strategy. “I am committed to working hand-in-hand …

21 01, 2025

Southern Taiwan Hit by 6.4 Magnitude Quake, TSMC Evacuates Some Factories

By | January 21st, 2025|Uncategorized|Comments Off on Southern Taiwan Hit by 6.4 Magnitude Quake, TSMC Evacuates Some Factories

A 6.4 magnitude earthquake struck a mountainous, rural area of Taiwan’s south on Tuesday near the city of Chiayi, the island’s weather administration said, with reports of minor damage. Chipmaker TSMC said it had evacuated staff at its factories in …

21 01, 2025

People Moves: SCOR UK Promotes Mummé-Young to CUO; QBE Taps Allianz’s Marega for New Role of European Product Manager, Professional Indemnity

By | January 21st, 2025|Uncategorized|Comments Off on People Moves: SCOR UK Promotes Mummé-Young to CUO; QBE Taps Allianz’s Marega for New Role of European Product Manager, Professional Indemnity

This edition of International People Moves details appointments at SCOR UK and SCOR Syndicate as well as QBE. A summary of these new hires follows here. SCOR UK Promotes Mummé-Young to CUO SCOR announced the appointment of Henry Mummé-Young as …

21 01, 2025

Generali, BPCE to Form Europe’s Second-Largest Asset Manager

By | January 21st, 2025|Uncategorized|Comments Off on Generali, BPCE to Form Europe’s Second-Largest Asset Manager

Assicurazioni Generali SpA and BPCE have reached a preliminary deal to combine their investment units and create Europe’s second-largest asset manager amid a deal wave in the industry. The two firms signed a non-binding memorandum of understanding for a joint …