News Archives - Insurance Journal

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1 05, 2024

16 Nabbed in Florida Sting Operation for Failing to Get Workers’ Comp Coverage

By | May 1st, 2024|Uncategorized|Comments Off on 16 Nabbed in Florida Sting Operation for Failing to Get Workers’ Comp Coverage

A sting operation in Manatee County, Florida, has led to the arrest of 16 men who were working without a contractor’s license and without securing workers’ compensation insurance on their employees. The sting was led by the Manatee Sheriff’s office …

1 05, 2024

Houthis Attack Four Ships in Indian Ocean, Red Sea

By | May 1st, 2024|Uncategorized|Comments Off on Houthis Attack Four Ships in Indian Ocean, Red Sea

Yemen’s Houthis said on Tuesday they targeted the MSC Orion container ship in a drone attack in the Indian Ocean as part of their ongoing campaign against international shipping in solidarity with Palestinians against Israel’s military actions in Gaza. MSC …

1 05, 2024

Kansas Won’t Legalize Medical Marijuana for at Least a Year

By | May 1st, 2024|Uncategorized|Comments Off on Kansas Won’t Legalize Medical Marijuana for at Least a Year

TOPEKA, Kan. (AP) — Kansas will remain among the handful of states that haven’t legalized the medical use of marijuana or expanded their Medicaid programs for at least another year. Republican state senators on Friday blocked efforts to force debates …

1 05, 2024

Insurtechs Root, Lemonade Book Q1 Net Income Losses but Each Tout Progress

By | May 1st, 2024|Uncategorized|Comments Off on Insurtechs Root, Lemonade Book Q1 Net Income Losses but Each Tout Progress

Insurtech Root Inc. posted a net loss for the first quarter 2024 of $6.2 million but said it recorded operating income for the first time in the company’s history. The net income loss for the first three months of the …

1 05, 2024

Prudential to Wind Down Direct-to-Consumer Assurance Business

By | May 1st, 2024|Uncategorized|Comments Off on Prudential to Wind Down Direct-to-Consumer Assurance Business

Less than five years after acquiring online insurance startup Assurance IQ for $2.35 billion, Prudential is shutting it down. “Prudential Financial routinely evaluates strategic opportunities for its businesses that are aligned with its long-term growth strategy,” the company said in …

1 05, 2024

Travelers to Open Technology Office in Atlanta

By | May 1st, 2024|Uncategorized|Comments Off on Travelers to Open Technology Office in Atlanta

Just as companies worldwide struggle with the office-versus-remote work question, Travelers has decided to open a 2,800-square-foot office site in Atlanta to house its artificial intelligence, data science and other technology operations. Travelers, a global property and casualty insurer, plans …

2 05, 2024

$24.5M Settlement in New Mexico over Natural Gas Flaring in Permian Basin

By | May 2nd, 2024|Uncategorized|Comments Off on $24.5M Settlement in New Mexico over Natural Gas Flaring in Permian Basin

New Mexico has reached a record settlement with a company over air pollution violations at natural gas gathering sites in the Permian Basin. The $24.5 million agreement with Ameredev announced this week is the largest settlement the state Environment Department …

2 05, 2024

California Contractor Pleads Guilty to Insurance Fraud After Underreporting Nearly $1M in Payroll

By | May 2nd, 2024|Uncategorized|Comments Off on California Contractor Pleads Guilty to Insurance Fraud After Underreporting Nearly $1M in Payroll

Kent Bo Fridolfsson, 67, of Benicia, California, pleaded guilty to six charges of insurance fraud and grand theft after a joint investigation with the California Department of Insurance, Solano County District Attorney’s Office and the Employment Development Department reportedly revealed …

2 05, 2024

New Mexico Restaurant Settles Wage-Theft Complaint After Prolonged Legal Battle

By | May 2nd, 2024|Uncategorized|Comments Off on New Mexico Restaurant Settles Wage-Theft Complaint After Prolonged Legal Battle

New Mexico labor announced a legal settlement that resolves longstanding accusations of unpaid wages against a restaurant business in northwestern New Mexico. The Workforce Solutions Department said in a news release that 505 Burgers Farmington LLC has agreed to pay …

2 05, 2024

Police: Athletic Director Used AI to Frame Principal With Racist Remarks in Fake Audio

By | May 2nd, 2024|Uncategorized|Comments Off on Police: Athletic Director Used AI to Frame Principal With Racist Remarks in Fake Audio

A high school athletic director in Maryland has been accused of using artificial intelligence to impersonate a principal on an audio recording that included racist and antisemitic comments, authorities said. Authorities said the case appears to be among the first …