News Archives - Insurance Journal

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30 04, 2024

Inszone Acquires Van Oppen & Co. 2 in Wyoming

By | April 30th, 2024|Uncategorized|Comments Off on Inszone Acquires Van Oppen & Co. 2 in Wyoming

Inszone Insurance Services acquired Van Oppen & Co. 2 in Wyoming. Founded in 2008 by Rick van Oppen, the firm has specialized in serving the needs of the architectural, engineering and environmental sectors. Sacramento, California-based Inszone is an insurance brokerage …

30 04, 2024

‘Fearless Girl’ Lawsuit by State Street Settles on Eve of Trial

By | April 30th, 2024|Uncategorized|Comments Off on ‘Fearless Girl’ Lawsuit by State Street Settles on Eve of Trial

State Street Corp. and the artist it commissioned to create Wall Street’s sculpture have settled a 2019 lawsuit on the eve of trial. The bank, which commissioned the artwork, was set to square off against the sculptor, Kristen Visbal, in …

30 04, 2024

Hazing Concerns Prompt University of Virginia to Expel 1 Fraternity, Suspend 3 Others

By | April 30th, 2024|Uncategorized|Comments Off on Hazing Concerns Prompt University of Virginia to Expel 1 Fraternity, Suspend 3 Others

Concerns about hazing have prompted the University of Virginia to terminate one local fraternity and suspend three others on its Charlottesville campus, the school said Wednesday. The university said in a statement that the Pi Kappa Alpha chapter had “engaged …

30 04, 2024

Key Insurer Says Russia Oil Price Cap Increasingly Unenforceable

By | April 30th, 2024|Uncategorized|Comments Off on Key Insurer Says Russia Oil Price Cap Increasingly Unenforceable

A Group of Seven-imposed cap on the price of Russia oil is becoming increasingly unenforceable, an organization at the heart of the global insurance industry said, offering one of the most direct criticisms yet of measures that were meant to …

30 04, 2024

Vale, BHP Offer $25B Settlement for Mining Disaster, but Brazil Authorities Want More

By | April 30th, 2024|Uncategorized|Comments Off on Vale, BHP Offer $25B Settlement for Mining Disaster, but Brazil Authorities Want More

Vale, BHP and their joint venture Samarco have presented Brazilian authorities with a settlement proposal related to reparations for the 2015 Mariana tailings dam burst, but local prosecutors still want them to bump up their offer. The proposal, the Brazilian …

30 04, 2024

US to Require New Cars to Have Emergency Braking Systems by 2029

By | April 30th, 2024|Uncategorized|Comments Off on US to Require New Cars to Have Emergency Braking Systems by 2029

Nearly all new passenger cars and trucks sold in the United States will be required to have automatic emergency braking systems by September 2029, the National Highway Traffic Safety Administration (NHTSA) said on Monday, saying that the rule will save …

30 04, 2024

Growing Progressive Set to Hire 10,000+ in Claims, IT, Other Roles

By | April 30th, 2024|Uncategorized|Comments Off on Growing Progressive Set to Hire 10,000+ in Claims, IT, Other Roles

Progressive Insurance isn’t just growing the number of policies it writes but aims to hire thousands to support several years of year-over-year growth, according to a media statement published in late April. “Progressive Insurance Continued Growth Leads to More Than …

30 04, 2024

Missiles Fired by Yemen’s Houthi Rebels Damage Panama-Flagged Oil Tanker in Red Sea

By | April 30th, 2024|Uncategorized|Comments Off on Missiles Fired by Yemen’s Houthi Rebels Damage Panama-Flagged Oil Tanker in Red Sea

Ballistic missiles fired by Yemen’s Houthi rebels caused “minor damage” to a Panama-flagged oil tanker traveling through the Red Sea on Friday, authorities said. The attack follows an uptick in assaults launched by the Houthis in recent days after a …

30 04, 2024

London Firms Are Letting More Staff Work Entirely From Home

By | April 30th, 2024|Uncategorized|Comments Off on London Firms Are Letting More Staff Work Entirely From Home

London’s employers are letting more staff work entirely from home, according to a prominent recruitment firm, with workers keen to earn the premium paid by jobs in the capital without enduring its high living costs. The proportion of white-collar jobs …

30 04, 2024

UK’s Second Biggest Mortgage Lender Pulls Offers Over Flood Risk

By | April 30th, 2024|Uncategorized|Comments Off on UK’s Second Biggest Mortgage Lender Pulls Offers Over Flood Risk

The UK’s second biggest mortgage provider has stopped making loans on homes at risk of flooding, over fears they may become uninsurable — and therefore, unsellable — over the coming years. Nationwide Building Society uses mapping technology to identify which …