News Archives - Insurance Journal

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21 09, 2023

The Hilb Group Expands Into Illinois

By | September 21st, 2023|Uncategorized|Comments Off on The Hilb Group Expands Into Illinois

The Hilb Group announced that it has acquired an Illinois-based property and casualty business, building on the company’s growing presence in the Midwest region and broadening its offerings to include specialized services for fast food franchises and student housing industries. …

21 09, 2023

Texas Manufactured Homes Company Faces Lawsuit for Alleged Racial Harassment in the Workplace

By | September 21st, 2023|Uncategorized|Comments Off on Texas Manufactured Homes Company Faces Lawsuit for Alleged Racial Harassment in the Workplace

A Texas manufactured homes company was sued for subjecting an employee to a hostile work environment after learning learning of his multiracial family, according to a lawsuit filed by the U.S. Equal Employment Opportunity Commission. Cavco Industries, Inc. and Palm …

22 09, 2023

Extreme Weather Forcing JFK, Other Airports to Redesign Runways, Systems

By | September 22nd, 2023|Uncategorized|Comments Off on Extreme Weather Forcing JFK, Other Airports to Redesign Runways, Systems

(Bloomberg) — Airports around the world are relocating sensitive electrical equipment to rooftops to protect it from flooding, reinforcing runways to handle extreme temperature swings and revving up air conditioning as climate change complicates operations. In New York, the $19 …

20 09, 2023

Assumable Mortgages Could Save Buyers Thousands in Interest, Startup Says

By | September 20th, 2023|Uncategorized|Comments Off on Assumable Mortgages Could Save Buyers Thousands in Interest, Startup Says

A New York startup company said it is now offering a platform that will make it easier for homebuyers to assume a mortgage from the seller, potentially saving buyers significantly over current interest rates. Roam, as it’s known, launched last …

20 09, 2023

People Moves: Hylant Names Reyes Risk Leader and Adds NC Benefits Team Members

By | September 20th, 2023|Uncategorized|Comments Off on People Moves: Hylant Names Reyes Risk Leader and Adds NC Benefits Team Members

Hylant, one of the larger privately held insurance brokers in the country, has made a number of personnel changes in recent weeks. Alejandro Reyes will lead Ohio-based Hylant’s business risk consulting teams, which help clients manage operational risks, the company …

20 09, 2023

The Legal Tensions of Collaboration and Competition in the Life Sciences Industry

By | September 20th, 2023|Uncategorized|Comments Off on The Legal Tensions of Collaboration and Competition in the Life Sciences Industry

Moderna’s suit against Pfizer and partner BioNtech over alleged COVID-vaccine-related patent infringement – and the targets’ countersuit – might suggest an abrupt return to business as usual after an unprecedented period of cooperation among life sciences companies during the height …

20 09, 2023

Israeli Cyber Firm Cato Networks Raises $238M, Valued at $3B

By | September 20th, 2023|Uncategorized|Comments Off on Israeli Cyber Firm Cato Networks Raises $238M, Valued at $3B

Israeli cybersecurity firm Cato Networks said on Tuesday it had raised $238 million in a private funding round that valued the company at $3 billion. The round, one of Israel’s largest this year and Cato’s biggest, was led by LightSpeed …

20 09, 2023

Credit Suisse Unit Ordered to Pay Georgian Tycoon Ivanishvili $743 Million

By | September 20th, 2023|Uncategorized|Comments Off on Credit Suisse Unit Ordered to Pay Georgian Tycoon Ivanishvili $743 Million

A Credit Suisse unit has been ordered to pay billionaire Bidzina Ivanishvili reduced damages of $742.7 million by a Singapore court as it confirmed that the bank’s trust had failed to safeguard its client’s assets. The amount was revised down …

20 09, 2023

US Home Insurance ‘Bubble’ Closer to Popping as Climate Risks Mount: Report

By | September 20th, 2023|Uncategorized|Comments Off on US Home Insurance ‘Bubble’ Closer to Popping as Climate Risks Mount: Report

Home insurance costs that have soared in much of the US may get even higher. Tens of millions of properties around the country are insured at prices that haven’t caught up with the danger of hurricanes, wildfires and floods, according …

20 09, 2023

Eli Lilly Sues Businesses Selling Knockoff Versions of Mounjaro

By | September 20th, 2023|Uncategorized|Comments Off on Eli Lilly Sues Businesses Selling Knockoff Versions of Mounjaro

Eli Lilly & Co. is suing medical spas, wellness centers and compounding pharmacies in various US states that sell unapproved versions of its blockbuster diabetes drug Mounjaro, which is frequently used off-label for weight loss. In lawsuits Lilly said it …