News Archives - Insurance Journal

/News Archives - Insurance Journal

About News Archives - Insurance Journal

This author has not yet filled in any details.
So far News Archives - Insurance Journal has created 3877 blog entries.
13 06, 2024

Canada’s Largest School Board Targeted by Ransomware Attack

By | June 13th, 2024|Uncategorized|Comments Off on Canada’s Largest School Board Targeted by Ransomware Attack

Canada’s largest school district is investigating a cyber incident, adding to a series of ransomware attacks that have caused disruptions to companies and public institutions in the country. The Toronto District School Board alerted parents Wednesday in an emailed letter, …

13 06, 2024

Specialist Risk Group’s MGA, MX, Agrees to New Long-Term Capacity Arrangement

By | June 13th, 2024|Uncategorized|Comments Off on Specialist Risk Group’s MGA, MX, Agrees to New Long-Term Capacity Arrangement

Specialist Risk Group, the London-based insurance intermediary, announced that its managing general agent, MX, has agreed to a new capacity agreement with program manager Accredited Insurance (Europe) Ltd. (AIEL). AIEL is supported by a panel of “A” rated reinsurers, said …

13 06, 2024

Major Defense Contractor Accused of Discriminating Against Older Workers

By | June 13th, 2024|Uncategorized|Comments Off on Major Defense Contractor Accused of Discriminating Against Older Workers

A major defense contractor was sued Tuesday over allegations that it discriminated against older workers in job ads. The lawsuit filed in federal court in Boston accuses RTX Corporation of posting ads that target younger workers at the expense of …

13 06, 2024

California Governor Wants to Curb a Labor Law That Cost Businesses $10B

By | June 13th, 2024|Uncategorized|Comments Off on California Governor Wants to Curb a Labor Law That Cost Businesses $10B

For two decades, a California law has helped workers sue the world’s biggest companies. Drivers for Uber Technologies Inc. won a $20 million settlement, Google employees secured $27 million over complaints of free-speech violations, and Walmart Inc. agreed to pay …

13 06, 2024

Insurance Broker Witness at Menendez Bribery Trial Faced Tough Cross-Examination

By | June 13th, 2024|Uncategorized|Comments Off on Insurance Broker Witness at Menendez Bribery Trial Faced Tough Cross-Examination

The prosecution’s prized turncoat witness at the bribery trial of U.S. Sen. Bob Menendez was politely combative Tuesday as defense lawyers tried to poke holes in his testimony and portray him as a habitual liar. Jose Uribe spent a third …

13 06, 2024

Survey: US Business Owners Seek More Insurance Coverage as AI, Election Risks Loom

By | June 13th, 2024|Uncategorized|Comments Off on Survey: US Business Owners Seek More Insurance Coverage as AI, Election Risks Loom

Artificial intelligence and U.S. election have emerged as significant risks to businesses this year with an overwhelming 80% of owners worried their insurance will not cover a specific loss, a survey by insurance brokerage Gallagher showed on Wednesday. Companies are …

13 06, 2024

SpaceX Sued by Engineers Fired After Accusing Elon Musk of Sexism

By | June 13th, 2024|Uncategorized|Comments Off on SpaceX Sued by Engineers Fired After Accusing Elon Musk of Sexism

Rocket maker SpaceX and its CEO Elon Musk were sued on Wednesday by eight engineers who say they were illegally fired for raising concerns about alleged sexual harassment and discrimination against women. The engineers—four women and four men—claim Musk ordered …

13 06, 2024

US E&S Growth Slower in 2023; Berkshire, AIG Top Premium Rankings

By | June 13th, 2024|Uncategorized|Comments Off on US E&S Growth Slower in 2023; Berkshire, AIG Top Premium Rankings

An analysis by S&P Global Market Intelligence reveals that the pace of growth in the U.S. excess and surplus lines market has slowed since a peak growth rate of 32.3% recorded in 2021. In 2023, growth remained robust—and up in …

13 06, 2024

Florida Jury Says Chiquita Brands Must Pay $38M for Colombia Deaths

By | June 13th, 2024|Uncategorized|Comments Off on Florida Jury Says Chiquita Brands Must Pay $38M for Colombia Deaths

Banana giant Chiquita Brands must pay $38.3 million to 16 family members of people killed during Colombia’s long civil war by a violent right-wing paramilitary group funded by the company, a federal jury in Florida decided. The verdict Monday by …

13 06, 2024

Most US Drivers Support Anti-Speeding Technology in Vehicles: IIHS Survey

By | June 13th, 2024|Uncategorized|Comments Off on Most US Drivers Support Anti-Speeding Technology in Vehicles: IIHS Survey

More than 60% of the drivers in the United States would find it acceptable if their vehicle provided an audible and visual warning when they exceeded the posted speed limit, a survey by Insurance Institute for Highway Safety showed on …