News Archives - Insurance Journal

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28 07, 2023

As E-Bikes Proliferate, So Do Deadly Fires Blamed on Exploding Batteries

By | July 28th, 2023|Uncategorized|Comments Off on As E-Bikes Proliferate, So Do Deadly 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 …

28 07, 2023

Kraft Heinz Defeats Lawsuit Over Mac & Cheese Preparation Time

By | July 28th, 2023|Uncategorized|Comments Off on Kraft Heinz Defeats Lawsuit Over Mac & Cheese Preparation Time

A federal judge on Thursday dismissed a lawsuit accusing Kraft Heinz & Co of misleading consumers by promising it takes only 3-1/2 minutes to prepare a cup of microwavable Velveeta macaroni and cheese. U.S. District Judge Beth Bloom in Miami …

28 07, 2023

Teen`s Death in Poultry Plant Shows Child Labor Remains a Problem, Feds Say

By | July 28th, 2023|Uncategorized|Comments Off on Teen`s Death in Poultry Plant Shows Child Labor Remains a Problem, Feds Say

The death of a 16-year-old in a Mississippi poultry plant earlier this month offered another reminder that children remain vulnerable to exploitation in the workplace in the United States, senior Labor Department officials said Wednesday. Duvan Perez became the third …

28 07, 2023

Clear Group Acquires UK Specialist MGA, Profile Risk Solutions

By | July 28th, 2023|Uncategorized|Comments Off on Clear Group Acquires UK Specialist MGA, Profile Risk Solutions

The Clear Group, the London-based independent broker, announced the acquisition of a specialist commercial lines managing general agent, Profile Risk Solutions Ltd. This represents the Clear Group’s third MGA deal and is a continuation of its strategy to build a …

28 07, 2023

Michael Jackson’s Employees Were Not Legally Obligated to Prevent Sex Abuse, Lawyer Argues in Court

By | July 28th, 2023|Uncategorized|Comments Off on Michael Jackson’s Employees Were Not Legally Obligated to Prevent Sex Abuse, Lawyer Argues in Court

Workers for corporations owned by Michael Jackson had no legal obligation to protect children from the pop star, an attorney told an appeals court. Jackson estate lawyer Jonathan Steinsapir pushed back against a tentative decision by California’s 2nd District Court …

28 07, 2023

Mother Punched While She Held Her Baby Sues Los Angeles Sheriff`s Department

By | July 28th, 2023|Uncategorized|Comments Off on Mother Punched While She Held Her Baby Sues Los Angeles Sheriff`s Department

A woman who was punched in the face by a deputy as she held her baby sued the Los Angeles County Sheriff`s Department, alleging excessive force and wrongful arrest. Yeayo Russell filed a federal lawsuit last week against the department …

28 07, 2023

Markets/Coverages: QBE North America, Converge Launch New Cyber Program

By | July 28th, 2023|Uncategorized|Comments Off on Markets/Coverages: QBE North America, Converge Launch New Cyber Program

QBE North America and new managing general agency, Converge, teamed up to launch a cyber insurance program, which will be broken down into two separate distribution structures, each with a distinct revenue focus and cyber security data access formation. ConvergeElements …

28 07, 2023

People Moves: Everest Insurance Int’l Taps Brionne and Benson From Chubb, Promotes Mah; SiriusPoint Hires TMK’s Kattan as Global Head of Ceded Reinsurance

By | July 28th, 2023|Uncategorized|Comments Off on People Moves: Everest Insurance Int’l Taps Brionne and Benson From Chubb, Promotes Mah; SiriusPoint Hires TMK’s Kattan as Global Head of Ceded Reinsurance

This edition of International People Moves details appointments at Everest Insurance International and SiriusPoint. A summary of these new hires follows here. Everest Insurance Int’l Taps Chubb’s Brionne, Benson, Promotes Mah Everest Insurance International, an insurance division of Everest Group …

28 07, 2023

Norfolk Southern Says Cost of Ohio Derailment Doubles to $803M

By | July 28th, 2023|Uncategorized|Comments Off on Norfolk Southern Says Cost of Ohio Derailment Doubles to $803M

OMAHA, Neb. (AP) – The costs associated with Norfolk Southern`s fiery February derailment in Ohio have more than doubled to $803 million as the railroad works to clean up the mess and moves forward with all the related lawsuits. Norfolk …

28 07, 2023

US Lawmakers Turn to Louisiana for Experience on Climate Change Impacts to Infrastructure

By | July 28th, 2023|Uncategorized|Comments Off on US Lawmakers Turn to Louisiana for Experience on Climate Change Impacts to Infrastructure

BATON ROUGE, La. (AP) – This summer – as blistering heat waves scorched the Southwest, wildfire smoke from Canada choked much of North America, a drought in the central U.S. devastated soybean and corn crops, and storms flooded parts of …