News Archives - Insurance Journal

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1 08, 2023

NHTSA Opens Probe Into 280,000 New Tesla Vehicles Over Steering Issue

By | August 1st, 2023|Uncategorized|Comments Off on NHTSA Opens Probe Into 280,000 New Tesla Vehicles Over Steering Issue

U.S. auto safety regulators said Tuesday they have opened an investigation into 280,000 new Tesla Model 3 and Model Y vehicles over reports of loss of steering control and power steering. The National Highway Traffic Safety Administration (NHTSA) opened a …

1 08, 2023

Inmate Sues Private Kansas Prison Operators Over His 2021 Stabbing

By | August 1st, 2023|Uncategorized|Comments Off on Inmate Sues Private Kansas Prison Operators Over His 2021 Stabbing

LEAVENWORTH, Kan. (AP) – An inmate is suing one of the nation`s largest private prison operators over his 2021 stabbing inside a now-defunct maximum security federal facility in Kansas. Joshua Braddy, who is now incarcerated in Illinois, amended his suit …

1 08, 2023

PCF Insurance Services Secures $400M Financing as Part of New Loan

By | August 1st, 2023|Uncategorized|Comments Off on PCF Insurance Services Secures $400M Financing as Part of New Loan

PCF Insurance Services said today that it closed $400 million in incremental debt financing led by Blue Owl, a global alternative asset manager that acted as lead arranger and admin agent. The financing was upsized from $300 million to $400 …

1 08, 2023

People Moves: Marsh Promotes Duca to Global Head of Credit Specialties; Howden Names Agarwal CEO, Howden India, as Vashista Becomes Chairman

By | August 1st, 2023|Uncategorized|Comments Off on People Moves: Marsh Promotes Duca to Global Head of Credit Specialties; Howden Names Agarwal CEO, Howden India, as Vashista Becomes Chairman

This edition of International People Moves details appointments at Marsh and Howden. A summary of these new hires follows here. Marsh Promotes Duca to Global Head of Credit Specialties Marsh, the insurance broker and risk adviser, announced the appointment of …

1 08, 2023

Swedish Mining Firm Exempted From Paying Compensation for Toxic Spill in Spain in ’98

By | August 1st, 2023|Uncategorized|Comments Off on Swedish Mining Firm Exempted From Paying Compensation for Toxic Spill in Spain in ’98

A Spanish court on Friday exempted a Swedish mining firm from paying 89 million euros ($98 million) in compensation for the cleaning of a toxic sludge spill that occurred in 1998 at a heavy metals mine in southern Spain. The …

31 07, 2023

Three Killed When Small Plane Hits Hangar at California Airport

By | July 31st, 2023|Uncategorized|Comments Off on Three Killed When Small Plane Hits Hangar at California Airport

A pilot and two passengers were killed Sunday when a single-engine plane crashed into a hangar and burst into flames at a Southern California airport, authorities said. The Beechcraft P35 with three people on board crashed during departure around 6: …

1 08, 2023

California Workers’ Independent Medical Review Volume Rose in First Half of 2023

By | August 1st, 2023|Uncategorized|Comments Off on California Workers’ Independent Medical Review Volume Rose in First Half of 2023

A review of the Independent Medical Review process used to resolve California workers’ compensation medical disputes shows the number of IMR decision letters rose 4.1% in the first six months of 2023 compared to the first half of 2022 after …

1 08, 2023

Syracuse Catholic Diocese Settles $100 Million in Sexual Abuse Claims

By | August 1st, 2023|Uncategorized|Comments Off on Syracuse Catholic Diocese Settles $100 Million in Sexual Abuse Claims

The Roman Catholic Diocese of Syracuse on Thursday announced a $100 million settlement with people who say they were sexual abuse victims as part of its bankruptcy proceedings. Catholic dioceses around the state are dealing with a surge of lawsuits …

1 08, 2023

Medicare Recovery Firm that Sued Auto Insurers Said to be Under Investigation

By | August 1st, 2023|Uncategorized|Comments Off on Medicare Recovery Firm that Sued Auto Insurers Said to be Under Investigation

The Florida lawyer and entrepreneur who reportedly made millions by disrupting the auto insurance industry’s Medicare set-aside practices is under federal investigation and may be in financial trouble, according to news reports. John Ruiz, whose MSP Recovery, now known as …

1 08, 2023

Tenco Adjusting Acquires James C. Greene Firm in Carolinas

By | August 1st, 2023|Uncategorized|Comments Off on Tenco Adjusting Acquires James C. Greene Firm in Carolinas

Nashville-based Tenco Services Inc., a multi-line claims adjusting firm in six Southeastern states, plans to acquire the James C. Greene adjusting company in Raleigh, North Carolina, Tenco announced. Greene has offices in North and South Carolina and also works in …