News Archives - Insurance Journal

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18 10, 2024

Tokio Marine Pauses Sale of $1B Southeast Asia Life Insurance Business, Sources Say

By | October 18th, 2024|Uncategorized|Comments Off on Tokio Marine Pauses Sale of $1B Southeast Asia Life Insurance Business, Sources Say

Japanese insurer Tokio Marine has paused the sale of its $1 billion Southeast Asia life insurance business, partly due to a dispute with a Malaysian partner over an expiring products distribution agreement, four sources with knowledge of the matter said. …

18 10, 2024

Four Charged In $10 Million Dollar No-Fault Insurance Fraud Scheme

By | October 18th, 2024|Uncategorized|Comments Off on Four Charged In $10 Million Dollar No-Fault Insurance Fraud Scheme

Four men have been charged with defrauding New York auto insurers by allegedly submitting more than $10 million in fraudulent claims for psychological services —and for allegedly laundering the proceeds of that fraud through a network of illicit check cashers. …

18 10, 2024

Tesla ‘Full Self-Driving’ Faces Defect Probe After Fatality

By | October 18th, 2024|Uncategorized|Comments Off on Tesla ‘Full Self-Driving’ Faces Defect Probe After Fatality

The US opened a federal investigation into whether Tesla Inc.’s partial-automation system marketed as Full Self-Driving is defective after a series of crashes, one of which resulted in a fatality. The National Highway Traffic Safety Administration said Friday it will …

18 10, 2024

Big Tobacco Firms Near Deal to Settle Canada Smoking Risk Cases

By | October 18th, 2024|Uncategorized|Comments Off on Big Tobacco Firms Near Deal to Settle Canada Smoking Risk Cases

Three of the world’s biggest tobacco companies are near a possible deal to resolve longstanding claims in Canada that they held back information about the health risks of cigarettes. Under the proposal from a court-appointed mediator, Canadian subsidiaries of Philip …

18 10, 2024

3 Workers Dead, 4 Hurt in Collapse of Bridge Being Demolished in Mississippi

By | October 18th, 2024|Uncategorized|Comments Off on 3 Workers Dead, 4 Hurt in Collapse of Bridge Being Demolished in Mississippi

MENDENHALL, Miss. (AP) — Three people were killed and four were seriously injured Wednesday when a bridge in Mississippi that was closed nearly a month ago collapsed while a work crew was prepping it for demolition, authorities said. The bridge …

18 10, 2024

J&J Talc Settlement Holdouts Accuse Company of Buying Votes

By | October 18th, 2024|Uncategorized|Comments Off on J&J Talc Settlement Holdouts Accuse Company of Buying Votes

People who voted to settle their baby power-related health claims against Johnson & Johnson should have their ballots thrown out because the consumer products giant rigged the tally, according to lawyers for holdout claimants. The company organized a vote of …

18 10, 2024

Oakbridge Adds Alabama’s Hull & Associates to the Lineup

By | October 18th, 2024|Uncategorized|Comments Off on Oakbridge Adds Alabama’s Hull & Associates to the Lineup

Oakbridge Insurance Agency is expanding again, this time with the addition of Tuscaloosa, Alabama-based Hull & Associates, an agency that has specialized in finding coverage for student housing in and around the home of the University of Alabama. Richard Hull …

18 10, 2024

Sudanese Nationals Accused in ‘Anonymous Sudan’ Cyberattacks

By | October 18th, 2024|Uncategorized|Comments Off on Sudanese Nationals Accused in ‘Anonymous Sudan’ Cyberattacks

Two Sudanese nationals were indicted by US prosecutors for their alleged participation in a group known as “Anonymous Sudan” that conducted cyberattacks against US government agencies, airports and a major hospital in Los Angeles. The group relied on distributed-denial-of-service attacks, …

18 10, 2024

Florida OIR Extends Order, Barring Policy Cancels or Nonrenews Until Dec. 10

By | October 18th, 2024|Uncategorized|Comments Off on Florida OIR Extends Order, Barring Policy Cancels or Nonrenews Until Dec. 10

Florida’s insurance commissioner this week issued emergency orders, extending some policyholder cancellation protections in the wake of Hurricanes Helene and Milton. The orders, seen here and here, are in line with similar actions taken after hurricanes. The orders: Extend grace …

18 10, 2024

Asheville’s Dirty Water Warns of Climate Risk to Aging US Infrastructure

By | October 18th, 2024|Uncategorized|Comments Off on Asheville’s Dirty Water Warns of Climate Risk to Aging US Infrastructure

Hurricanes Helene and Milton devastated swaths of the southeastern US by bringing too much water. Now, communities are struggling with the opposite problem: too little of it. The North Fork Water Treatment Plant supplies most of the drinking water to …