News Archives - Insurance Journal

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7 11, 2023

Right Turn on Red? With Pedestrian Deaths Rising, US Cities Are Considering Bans

By | November 7th, 2023|Uncategorized|Comments Off on Right Turn on Red? With Pedestrian Deaths Rising, US Cities Are Considering Bans

Sophee Langerman was on her way to a bicycle safety rally in Chicago’s Lakeview neighborhood in June when a car turning right rolled through a red light and slammed into her bike, which she was walking off the curb and …

27 10, 2023

Auto Claims Satisfaction Scores Are Up Despite Longer Repairs; Amica Tops List

By | October 27th, 2023|Uncategorized|Comments Off on Auto Claims Satisfaction Scores Are Up Despite Longer Repairs; Amica Tops List

An auto parts shortage combined with longer cycle times for repairs has contributed to repairs taking an average of about 23 days in 2023, up an average of a little more than 6 days from 2022 and more than double …

27 10, 2023

IICF Celebrates Week of Giving

By | October 27th, 2023|Uncategorized|Comments Off on IICF Celebrates Week of Giving

The Insurance Industry Charitable Foundation (IICF), a nonprofit organization dedicated to helping communities and enriching lives, hosted the annual IICF Week of Giving, a celebration of the insurance industry’s year-round dedication to volunteerism, from October 14–21. According to a press …

27 10, 2023

Ant-Backed Rural Lendera and Micro-Insurance Firm, Chongho, Eyes $500M HK IPO

By | October 27th, 2023|Uncategorized|Comments Off on Ant-Backed Rural Lendera and Micro-Insurance Firm, Chongho, Eyes $500M HK IPO

Chongho Bridge Credit Agricultural Group Co., a Chinese rural bank that offers microcredit and micro-insurance to small businesses, is considering a Hong Kong initial public offering that could raise as much as $500 million, according to people familiar with the …

27 10, 2023

Crypto Firms Are Failing to Spell Out Risks to Consumers: UK Watchdog

By | October 27th, 2023|Uncategorized|Comments Off on Crypto Firms Are Failing to Spell Out Risks to Consumers: UK Watchdog

Britain’s financial watchdog said on Wednesday that firms marketing cryptoassets are failing to highlight risks properly to consumers, such as by publishing warnings that are too hard to read. Britain’s Financial Conduct Authority had new powers from Oct. 8 to …

27 10, 2023

Markets/Coverages: Liberty Launches National Private Client Practice Group

By | October 27th, 2023|Uncategorized|Comments Off on Markets/Coverages: Liberty Launches National Private Client Practice Group

The Liberty Company Insurance Brokers announced its National Private Client Practice Group, spearheaded by Liberty Partner Steve Rivera. With over two decades of experience in insurance, Rivera, a former executive at Momentous Insurance Brokerage, Inc., now a Marsh McLennan Agency, …

27 10, 2023

Three Baltic Pipe and Cable Incidents ‘Are Related’: Estonia

By | October 27th, 2023|Uncategorized|Comments Off on Three Baltic Pipe and Cable Incidents ‘Are Related’: Estonia

The three incidents that resulted in damage to a gas pipeline and two telecom cables between Estonia, Finland and Sweden “are related,” Estonian Prime Minister Kaja Kallas said. Finnish police leading the pipeline investigation have named the Hong-Kong-flagged container carrier …

27 10, 2023

UK Warns of Fake Ozempic Pens After Hospitalizations

By | October 27th, 2023|Uncategorized|Comments Off on UK Warns of Fake Ozempic Pens After Hospitalizations

Britain on Thursday cautioned the public about buying fake weight-loss pens claiming to contain Novo Nordisk’s diabetes drug Ozempic or weight-loss drug Saxenda after reports of a “very small number” of hospitalizations. The warning from the country’s medicines regulator comes …

27 10, 2023

People Moves: New Hampshire Promotes Nyhan to Deputy Insurance Commissioner

By | October 27th, 2023|Uncategorized|Comments Off on People Moves: New Hampshire Promotes Nyhan to Deputy Insurance Commissioner

The New Hampshire Insurance Department announced the promotion of Keith Nyhan as the deputy commissioner. Nyhan has served as director of the Consumer Services unit since 2007. Nyhan brings 28 years of experience in the financial services and insurance sectors …

27 10, 2023

A Second Baltimore Firefighter Has Died After Battling Rowhouse Fire

By | October 27th, 2023|Uncategorized|Comments Off on A Second Baltimore Firefighter Has Died After Battling Rowhouse Fire

]A second Baltimore firefighter has died from injuries sustained while battling a rapidly intensifying blaze that engulfed multiple rowhouses in northwest Baltimore last week, a city official said. Lt. Dillon Rinaldo was hospitalized in critical but stable condition after the …