News Archives - Insurance Journal

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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 …

1 08, 2023

Companies Caught in Diversity Crossfire Are Frozen by Uncertainty

By | August 1st, 2023|Uncategorized|Comments Off on Companies Caught in Diversity Crossfire Are Frozen by Uncertainty

The US Supreme Court’s ruling against affirmative action has sparked a fierce debate over the future of diversity in corporate America, with dueling sides claiming either that workplace programs are unaffected by the decision, or that they’re suddenly open to …

1 08, 2023

Industry Trades Rail Against Federal Climate Disclosure Bill

By | August 1st, 2023|Uncategorized|Comments Off on Industry Trades Rail Against Federal Climate Disclosure Bill

Federal legislation introduced last week that would require insurance companies with more than $100 million in annual premiums to disclose investments and underwritings related to coal, oil and gas projects, and fossil fuels is already required at the state level …

1 08, 2023

Aircraft Lessors Aim for June 2024 Trial Over Contested Russia Insurance Claims

By | August 1st, 2023|Uncategorized|Comments Off on Aircraft Lessors Aim for June 2024 Trial Over Contested Russia Insurance Claims

Some of the world’s largest aircraft lessors and insurers are aiming to be ready to go to trial in June 2024 over contested insurance claims for aircraft stuck in Russia, a lawyer for one of the lessors said on Monday. …

1 08, 2023

As E-bikes Proliferate, so Do Deadly E-Bike Fires Blamed on Exploding Batteries

By | August 1st, 2023|Uncategorized|Comments Off on As E-bikes Proliferate, so Do Deadly E-Bike Fires Blamed on Exploding Batteries

The explosion early on a June morning ignited a blaze that engulfed a New York City shop filled with motorized bicycles and their volatile lithium-ion batteries. Billowing smoke quickly killed four people asleep in apartments above the burning store. As …

1 08, 2023

Viewpoint: Innovation Trends Through the Lens of Qorus-Accenture Innovation Awards

By | August 1st, 2023|Uncategorized|Comments Off on Viewpoint: Innovation Trends Through the Lens of Qorus-Accenture Innovation Awards

The winners of the Qorus-Accenture Innovation in Insurance Awards were announced recently at a live ceremony in Milan, bringing together the industry’s trendsetters and pioneers. Now in its eighth year, this program has served as a catalyst for insurance innovation, …

1 08, 2023

Rain Pelts Beijing, Northern China, Causing Floods and Claiming at Least 11 Lives

By | August 1st, 2023|Uncategorized|Comments Off on Rain Pelts Beijing, Northern China, Causing Floods and Claiming at Least 11 Lives

Relentless rain stretched into a fourth day in Beijing and nearby cities on Tuesday as a weakening typhoon brought non-stop precipitation and widespread flooding to northern China, so far claiming 11 lives. Rivers have swollen to dangerous levels, prompting Beijing …

1 08, 2023

MGA Pen Underwriting Changes Divisional Structure

By | August 1st, 2023|Uncategorized|Comments Off on MGA Pen Underwriting Changes Divisional Structure

Pen Underwriting, the London-based managing general agent, announced changes to its divisional structure to bring together core underwriting capabilities and expertise, for the benefit of its brokers. As of Aug. 1, Pen is separating its International & Financial Lines (IFL) …

31 07, 2023

Florida Judge Won’t Dismiss Suit Over Disney’s Governing Board

By | July 31st, 2023|Uncategorized|Comments Off on Florida Judge Won’t Dismiss Suit Over Disney’s Governing Board

A judge in Florida on Friday refused to dismiss a lawsuit brought by Gov. Ron DeSantis appointees against Disney’s efforts to neutralize the governor`s takeover of Disney World’s governing district. The judge in state court in Orlando denied Disney`s motion …