News Archives - Insurance Journal

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30 04, 2024

Family of Chicago Man Killed in Police Shooting Files Wrongful Death Lawsuit

By | April 30th, 2024|Uncategorized|Comments Off on Family of Chicago Man Killed in Police Shooting Files Wrongful Death Lawsuit

CHICAGO (AP) — The family of a Chicago man killed when plainclothes police officers fired their guns nearly 100 times during a traffic stop filed a wrongful death lawsuit last week, accusing the department of “brutally violent” policing tactics. The …

30 04, 2024

Recreational Marijuana Supporters Can Gather Signatures for North Dakota Ballot Initiative

By | April 30th, 2024|Uncategorized|Comments Off on Recreational Marijuana Supporters Can Gather Signatures for North Dakota Ballot Initiative

BISMARCK, N.D. (AP) — A North Dakota ballot initiative group can gather signatures to put a proposal legalizing recreational marijuana to a statewide vote in the fall, the state’s top election official said last Thursday, in the latest legalization effort …

30 04, 2024

Tornado in Southern China Kills 5 People, Damages Factories in City of Guangzhou

By | April 30th, 2024|Uncategorized|Comments Off on Tornado in Southern China Kills 5 People, Damages Factories in City of Guangzhou

A tornado struck the southern Chinese city of Guangzhou on Saturday, killing five people and damaging more than 140 factory buildings, state media said. The China Meteorological Administration said the tornado struck about 3 p.m. in the Baiyun district of …

26 04, 2024

US Ban on Worker Noncompetes Faces Uphill Legal Battle

By | April 26th, 2024|Uncategorized|Comments Off on US Ban on Worker Noncompetes Faces Uphill Legal Battle

The U.S. Federal Trade Commission’s ban on “noncompete” agreements commonly signed by workers is likely vulnerable to legal challenges, experts said, as some courts have grown increasingly skeptical of federal agencies’ power to adopt broad rules. The commission in unveiling …

26 04, 2024

NC Agent, Missouri Lawyers Convicted in $4M Tax Shelter, Insurance Scheme

By | April 26th, 2024|Uncategorized|Comments Off on NC Agent, Missouri Lawyers Convicted in $4M Tax Shelter, Insurance Scheme

A federal jury on Thursday found a North Carolina insurance agent and two Missouri lawyers guilty on all counts in a $4 million tax evasion scheme that also defrauded an insurance carrier. The jury in Charlotte, said licensed agent and …

26 04, 2024

US Probes Tesla Recall of 2 Million Vehicles Over Autopilot, Citing Concerns

By | April 26th, 2024|Uncategorized|Comments Off on US Probes Tesla Recall of 2 Million Vehicles Over Autopilot, Citing Concerns

U.S. auto safety regulators said Friday they have opened an investigation into whether Tesla’s recall of more than 2 million vehicles announced in December to install new Autopilot safeguards is adequate. The National Highway Traffic Safety Administration (NHTSA) said it …

26 04, 2024

Higginbotham Adds South Florida Benefits Agency to Team

By | April 26th, 2024|Uncategorized|Comments Off on Higginbotham Adds South Florida Benefits Agency to Team

Texas-headquartered Higginbotham, one of the largest independent insurance and benefits firms, has added Adams Benefits of Boca Raton, Florida, to its team, the company said in a news release. The move marks an expansion into south Florida for Higginbotham, which …

26 04, 2024

Russia Reinsurer Covers Domestic Insurers to Get India Marine Insurance Permit

By | April 26th, 2024|Uncategorized|Comments Off on Russia Reinsurer Covers Domestic Insurers to Get India Marine Insurance Permit

Russia’s state-owned reinsurer has given financial backing to three Russian insurance firms, allowing them to get Indian approval to provide marine insurance cover to tankers, two sources said, as Moscow seeks to facilitate trade with India amid Western sanctions. A …

26 04, 2024

Thames Water Debt Insurer Taps Advisers as Crisis Deepens

By | April 26th, 2024|Uncategorized|Comments Off on Thames Water Debt Insurer Taps Advisers as Crisis Deepens

A US insurance firm with at least $2 billion in exposure to Thames Water Utilities Finance Plc is working with bondholders and advisers to protect their interests ahead of potential debt talks, according to people familiar with the matter. Assured …

26 04, 2024

Workers’ Comp Rating Bureau of California OKs Higher Pure Premium Rate Filing

By | April 26th, 2024|Uncategorized|Comments Off on Workers’ Comp Rating Bureau of California OKs Higher Pure Premium Rate Filing

The Workers’ Compensation Insurance Rating Bureau of California submitted its Sept. 1, 2024, pure premium rate filing to the California Department of Insurance, proposing advisory rates on average 0.9% above the average approved Sept. 1, 2023 rates. The proposed advisory …