News Archives - Insurance Journal

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7 08, 2023

Ukraine Black Sea Attacks Signal Expanding War; Russia Insurance Costs Likely to Rise

By | August 7th, 2023|Uncategorized|Comments Off on Ukraine Black Sea Attacks Signal Expanding War; Russia Insurance Costs Likely to Rise

The footprint of President Vladimir Putin’s war on Ukraine is growing fast after a weekend in which sea drones crippled a Russian naval vessel and oil tanker. For the first time, the attacks put at risk Russia’s commodity exports via …

7 08, 2023

Britain to Create New Regime to Deal With Big Insurance Company Failures

By | August 7th, 2023|Uncategorized|Comments Off on Britain to Create New Regime to Deal With Big Insurance Company Failures

Britain said on Wednesday [Aug. 2] it would start work on setting up new rules specially designed to prevent a big insurance company collapse from crashing the financial system. Regulators have already introduced rules to deal with ailing banks after …

7 08, 2023

Washington Dollar Tree Store Fined for Worker Safety Violations

By | August 7th, 2023|Uncategorized|Comments Off on Washington Dollar Tree Store Fined for Worker Safety Violations

Dollar Tree company is facing $132,000 in state fines for reported work safety violations including locked emergency exit routes, improper stacking of boxes, and debris scattered on the The fine is in connection with violations at the Tacoma Central Plaza …

7 08, 2023

Banking Industry Starts to Pick Its Battles Against New Capital Rules

By | August 7th, 2023|Uncategorized|Comments Off on Banking Industry Starts to Pick Its Battles Against New Capital Rules

Now that regulators in Washington have unfurled a hefty reform package of post-financial crisis capital regulations, banking industry advisers are honing in on what they consider most disruptive, including risk management requirements that could affect real estate lending, consumer credit …

7 08, 2023

People Moves: Frank Joins the WCF Insurance Board in Utah

By | August 7th, 2023|Uncategorized|Comments Off on People Moves: Frank Joins the WCF Insurance Board in Utah

WCF Insurance appointed Jan Frank to the company’s board of directors for a four-year term. Frank’s experience in the trade spans almost three decades. Most recently, she was chair, CEO, and president of Pacific Compensation Insurance Company, a California specialty …

7 08, 2023

NY Lawmakers Vow to Block Property Insurers from Asking About Subsidized Tenants

By | August 7th, 2023|Uncategorized|Comments Off on NY Lawmakers Vow to Block Property Insurers from Asking About Subsidized Tenants

Three New York legislators said they plan on pushing bills next year that would bar property insurers from requesting information about subsidized housing, a practice that discriminates, an NYC news outlet reported. The Gothamist, a non-profit news organization affiliated with …

7 08, 2023

Judge Tosses Fraud Case Against Exec in SC Nuclear Debacle, But New Case Could Follow

By | August 7th, 2023|Uncategorized|Comments Off on Judge Tosses Fraud Case Against Exec in SC Nuclear Debacle, But New Case Could Follow

A judge has ordered criminal charges dropped against the final executive accused of lying about problems building two nuclear reactors in South Carolina that were abandoned without generating a watt of power. The judge tossed the charges Wednesday because ratepayers …

7 08, 2023

Carlyle Group CEO: Could Broaden Insurance Invest, Despite Re Volatility

By | August 7th, 2023|Uncategorized|Comments Off on Carlyle Group CEO: Could Broaden Insurance Invest, Despite Re Volatility

Carlyle Group Inc. is engaged in a “critical strategic effort” to manage costs and boost profit margins, Chief Executive Officer Harvey Schwartz said Wednesday after the firm posted a 26% drop in second-quarter earnings. Some of the volatility was attributed …

7 08, 2023

Vermont’s Flooded Capital Ponders Rebuild With an Eye on Climate Change

By | August 7th, 2023|Uncategorized|Comments Off on Vermont’s Flooded Capital Ponders Rebuild With an Eye on Climate Change

A beloved bookstore in Vermont`s small capital city moved across the street to a new spot farther from the Winooski River after an ice jam sent river water into the store in 1992. A nearby office supply and gift store …

7 08, 2023

People Moves: H.W. Kaufman Group Appoints Janis as General Counsel

By | August 7th, 2023|Uncategorized|Comments Off on People Moves: H.W. Kaufman Group Appoints Janis as General Counsel

H.W. Kaufman Group Appoints Janis as General Counsel H.W. Kaufman Group, headquartered in Farmington Hills, Mich., hired David R. Janis as general counsel and a member of the company’s leadership team. For nearly 20 years, Janis has worked as a …