News Archives - Insurance Journal

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24 05, 2024

Caterpillar to Pay $800K Over Systemic Hiring Discrimination at Illinois Plant

By | May 24th, 2024|Uncategorized|Comments Off on Caterpillar to Pay $800K Over Systemic Hiring Discrimination at Illinois Plant

Heavy equipment company Caterpillar has agreed to pay $800,000 to resolve allegations of systemic hiring discrimination against Black applicants at an Illinois plant, the U.S. Labor Department said on Tuesday. The money will cover back wages and interest to affected …

17 05, 2024

Ardonagh Group’s MDS Brazil to Acquire Brazilian Broker D’Or Consultoria

By | May 17th, 2024|Uncategorized|Comments Off on Ardonagh Group’s MDS Brazil to Acquire Brazilian Broker D’Or Consultoria

MDS Brazil, a subsidiary of Ardonagh-owned MDS Group and one of the country’s major brokers, announced it intends to acquire D’Or Consultoria, a health, dental, life insurance and pensions broker from Rede D’Or Sao Luiz. S.A. The transaction, which has …

17 05, 2024

Markets/Coverages: Aon Offers Carbon Capture, Storage Insurance for Energy Transition

By | May 17th, 2024|Uncategorized|Comments Off on Markets/Coverages: Aon Offers Carbon Capture, Storage Insurance for Energy Transition

Insurance broker Aon plc has developed a new insurance product designed specifically for international transport and storage companies that are engaged in storing carbon dioxide. The new product, which is available for projects globally, is aimed at providing cover for …

17 05, 2024

Texas Storms Leave 800,000 Without Power While Flights Grounded

By | May 17th, 2024|Uncategorized|Comments Off on Texas Storms Leave 800,000 Without Power While Flights Grounded

A line of dangerous storms and flooding rains rolled over the US Gulf Coast, killing at least four people and leaving more than 800,000 customers in Texas — about 6% of the total — without power while grounding hundreds of …

17 05, 2024

SEC Updates Customer Data Hacking Rules for Wall Street

By | May 17th, 2024|Uncategorized|Comments Off on SEC Updates Customer Data Hacking Rules for Wall Street

Wall Street’s top regulator on Thursday said it had updated rules to ensure investment companies and others work to detect and respond to hackers’ theft of customer data. The changes, approved unanimously by the five-member U.S. Securities and Exchange Commission, …

17 05, 2024

Family of California Veteran Who Died After Officer Knelt on His Neck Settles for $7.5M

By | May 17th, 2024|Uncategorized|Comments Off on Family of California Veteran Who Died After Officer Knelt on His Neck Settles for $7.5M

Family members of a Navy veteran who died in 2020 after a police officer pressed a knee to his neck for nearly five minutes while he was in a mental health crisis have settled a federal lawsuit against the Northern …

17 05, 2024

DeSantis, Amid Criticism, Signs Bill Making Climate Change Less of a Priority

By | May 17th, 2024|Uncategorized|Comments Off on DeSantis, Amid Criticism, Signs Bill Making Climate Change Less of a Priority

TALLAHASSEE, Fla. (AP) — Climate change will be a lesser priority in Florida and largely disappear from state statutes under legislation signed Wednesday by Florida Gov. Ron DeSantis that also bans power-generating wind turbines offshore or near the state’s lengthy …

17 05, 2024

Driver Says He Smoked Pot Oil, Took Meds Before Florida Crash That Killed 8 Workers

By | May 17th, 2024|Uncategorized|Comments Off on Driver Says He Smoked Pot Oil, Took Meds Before Florida Crash That Killed 8 Workers

OCALA, Fla. (AP) — A man with a long record of dangerous driving told investigators he smoked marijuana oil and took prescription drugs hours before he sideswiped a bus, killing eight Mexican farmworkers and injuring dozens more, according to an …

17 05, 2024

Fitch Ratings: US Cyber Premium Growth Slows in 2023

By | May 17th, 2024|Uncategorized|Comments Off on Fitch Ratings: US Cyber Premium Growth Slows in 2023

The U.S. cyber insurance market saw what Fitch Ratings called an unexpected 1% decline in direct written premiums in 2023 following a 160% increase from 2020 to 2022. According to Fitch Ratings’ U.S. Cyber Insurance Market Update, standalone cyber written …

17 05, 2024

Deadly US Oil Blast Exposes Risks of Pushing Profits Over Safety

By | May 17th, 2024|Uncategorized|Comments Off on Deadly US Oil Blast Exposes Risks of Pushing Profits Over Safety

The explosion that rocked Marathon Petroleum Corp.’s Galveston Bay oil refinery one year ago trapped Rigoberto Guillen 75 feet in the air. Stranded on a metal platform, he and a colleague crouched low as black smoke engulfed them. “I couldn’t …