News Archives - Insurance Journal

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20 10, 2023

Markel Takes Minority Stake in UK-Based Tax MGA

By | October 20th, 2023|Uncategorized|Comments Off on Markel Takes Minority Stake in UK-Based Tax MGA

Markel, the insurance operation within Markel Group Inc., announced a 49% strategic investment in Certa Insurance Partners, the London-based specialist tax MGA. This move will accelerate the UK-based tax specialist’s product development and geographical expansion plans, while giving Markel further …

25 10, 2023

Oregon Prosecutors Charge Off-Duty Pilot Accused of Trying to Cut Engines on Midflight Jet with Attempted Murder

By | October 25th, 2023|Uncategorized|Comments Off on Oregon Prosecutors Charge Off-Duty Pilot Accused of Trying to Cut Engines on Midflight Jet with Attempted Murder

Oregon prosecutors have charged an off-duty pilot accused of trying to cut the engines on a Horizon Air jet in mid-air with 83 counts of attempted murder. The Multnomah County District Attorney’s Office in Portland filed the charges just before …

20 10, 2023

Pfizer to Pay $2M to Settle Alleged Gender Bias in Compensation at New York City Office

By | October 20th, 2023|Uncategorized|Comments Off on Pfizer to Pay $2M to Settle Alleged Gender Bias in Compensation at New York City Office

Pharmaceutical firm Pfizer Inc. has agreed to pay $2 million to resolve alleged compensation discrimination affecting female employees at the federal contractor’s New York City headquarters. The U.S. Department of Labor (DOL) announced it entered into a conciliation agreement with …

20 10, 2023

People Moves: Allianz Commercial Taps AIG’s Valencia to Lead Portfolio Solutions; Sompo Int’l Taps Allianz’s El Oulhani for Distribution & Client Mgmt. in France

By | October 20th, 2023|Uncategorized|Comments Off on People Moves: Allianz Commercial Taps AIG’s Valencia to Lead Portfolio Solutions; Sompo Int’l Taps Allianz’s El Oulhani for Distribution & Client Mgmt. in France

This edition of International People Moves details appointments at Allianz Commercial and Sompo International. A summary of these new hires follows here. Allianz Commercial Taps AIG’s Valencia to Lead Portfolio Solutions Allianz Commercial has appointed Claudia Valencia as global head …

25 10, 2023

Meta’s Instagram Linked to Depression, Anxiety, Insomnia in Kids: States’ Lawsuit

By | October 25th, 2023|Uncategorized|Comments Off on Meta’s Instagram Linked to Depression, Anxiety, Insomnia in Kids: States’ Lawsuit

Dozens of U.S. states are suing Meta Platforms and its Instagram unit, accusing them of fueling a youth mental health crisis by making their social media platforms addictive. In a complaint filed on Tuesday, the attorneys general of 33 states …

20 10, 2023

Horse Racing, Boat Manufacturer Announce Major Expansions in TN, KY

By | October 20th, 2023|Uncategorized|Comments Off on Horse Racing, Boat Manufacturer Announce Major Expansions in TN, KY

A manufacturer and a famous horse-racing operation are expanding in Tennessee and Kentucky, bringing millions of dollars in investment, hundreds of new jobs and the potential need for more workers’ compensation, property and liability coverage. In Lexington, Kentucky, Keeneland, the …

25 10, 2023

Israeli Firms Try to Cope With Trauma, Worker Shortages, Missed Deadlines

By | October 25th, 2023|Uncategorized|Comments Off on Israeli Firms Try to Cope With Trauma, Worker Shortages, Missed Deadlines

Business as usual is rare right now inside the companies that power Israel’s $520 billion economy, as leaders try to keep operations going while offering emotional and other support to workers. The realities of the Israel-Hamas war are upending not …

20 10, 2023

Fortress Has Plowed $6 Billion Into Other Companies’ Lawsuits

By | October 20th, 2023|Uncategorized|Comments Off on Fortress Has Plowed $6 Billion Into Other Companies’ Lawsuits

Fortress Investment Group LLC is pitching an investment opportunity within an increasingly popular yet controversial corner of finance — funding other companies’ legal battles. The private equity firm is raising its second fund to invest in legal assets, having already …

25 10, 2023

Theft of 2 Million Dimes Linked to Truck Cargo Robbery Spree

By | October 25th, 2023|Uncategorized|Comments Off on Theft of 2 Million Dimes Linked to Truck Cargo Robbery Spree

Federal authorities have released more details and unsealed charges in the theft of more than 2 million dimes earlier this year from a tractor-trailer that had picked up the coins from the U.S. Mint in Philadelphia. The truck driver was …

20 10, 2023

M4.2 Earthquake Confirmed in Northern California, Set off Quake Alert

By | October 20th, 2023|Uncategorized|Comments Off on M4.2 Earthquake Confirmed in Northern California, Set off Quake Alert

A magnitude 4.2 earthquake shook part of Northern California between the state capital and the San Francisco Bay region on Wednesday, setting off automated quake alerts, the U.S. Geological Survey confirmed. The 9:29 a.m. quake was centered in the agricultural …