News Archives - Insurance Journal

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11 08, 2023

Supreme Court Halts Purdue Pharma Bankruptcy Settlement Pending Review

By | August 11th, 2023|Uncategorized|Comments Off on Supreme Court Halts Purdue Pharma Bankruptcy Settlement Pending Review

The U.S. Supreme Court on Thursday agreed to hear a challenge by President Joe Biden’s administration to the legality of OxyContin maker Purdue Pharma’s bankruptcy settlement, putting on hold a deal that would shield its wealthy Sackler family owners from …

11 08, 2023

Kentucky Governor’s Storm Relief Efforts Could Trim GOP Leaning in Rural Areas

By | August 11th, 2023|Uncategorized|Comments Off on Kentucky Governor’s Storm Relief Efforts Could Trim GOP Leaning in Rural Areas

Gina Thorn`s life was uprooted when a monstrous tornado tore through her Kentucky hometown of Mayfield, but her family stuck it out and now they`re homeowners for the first time. Thorn says Gov. Andy Beshear deserves credit for their brighter …

11 08, 2023

Boston Financial Adviser Sentenced After Defrauding Older Victims of Annuity Funds

By | August 11th, 2023|Uncategorized|Comments Off on Boston Financial Adviser Sentenced After Defrauding Older Victims of Annuity Funds

A financial adviser who stole about $1.2 million from the retirement accounts of his mostly older victims, one of whom had dementia and another of whom had a traumatic brain injury, has been sentenced to more than four years in …

11 08, 2023

Security First Accountant Charged with Siphoning $1.4M Through Fake Invoices

By | August 11th, 2023|Uncategorized|Comments Off on Security First Accountant Charged with Siphoning $1.4M Through Fake Invoices

An accountant for Ormond Beach-based Security First Insurance Co. has been charged with stealing more than $1.4 million by creating false invoices and routing the funds to her personal accounts. Samantha Rae Link, 30, of Daytona Beach, was arrested Wednesday, …

11 08, 2023

NHTSA Probing Fatal Tesla Crash in Virginia, Adding to Investigations

By | August 11th, 2023|Uncategorized|Comments Off on NHTSA Probing Fatal Tesla Crash in Virginia, Adding to Investigations

Tesla Inc. is facing increased scrutiny as federal investigations said Thursday they are investigating a fatal crash in Virginia involving one of the company’s SUVs that collided with a tractor-trailer truck. The accident, which took place on July 19 in …

11 08, 2023

Miami’s Septic Tanks, Trash Problems Test Appeal to Rich Homeowners

By | August 11th, 2023|Uncategorized|Comments Off on Miami’s Septic Tanks, Trash Problems Test Appeal to Rich Homeowners

Miami wants to attract even more out-of-state workers and wealthy newcomers like hedge fund tycoon Ken Griffin. But first, County Mayor Daniella Levine Cava faces a huge environmental problem: overflowing garbage heaps and septic tanks. Some of greater Miami’s massive …

11 08, 2023

Detroit Police Chief Implements New Policies on Facial-Recognition Technology Following Arrest of Pregnant Woman

By | August 11th, 2023|Uncategorized|Comments Off on Detroit Police Chief Implements New Policies on Facial-Recognition Technology Following Arrest of Pregnant Woman

DETROIT (AP) – The Detroit police chief said he`s setting new policies on the use of facial-recognition technology after a woman who was eight months pregnant said she was wrongly charged with robbery and carjacking in a case that was …

11 08, 2023

At Least 55 Died in Hawaii Fires, Thousands of Structures Exposed

By | August 11th, 2023|Uncategorized|Comments Off on At Least 55 Died in Hawaii Fires, Thousands of Structures Exposed

Wildfires on Maui have killed at least 55 people and wiped out a historic town, exposing thousands of structures in a disaster that could end up exceeding early damage and loss estimates of more than $8 billion. The Associated Press …

8 08, 2023

People Moves: BHSI Names AIG’s Bidmead for Transactional Liability; TransRe Announces Group of Promotions; CNA Hardy Appoints Sr. Underwriters for UK Marine

By | August 8th, 2023|Uncategorized|Comments Off on People Moves: BHSI Names AIG’s Bidmead for Transactional Liability; TransRe Announces Group of Promotions; CNA Hardy Appoints Sr. Underwriters for UK Marine

This edition of International People Moves details appointments at Berkshire Hathaway Specialty Insurance (BHSI), Trans Re and CNA Hardy. A summary of these new hires follows here. BHSI Names AIG’s Bidmead as Head of Transactional Liability, Asia and Middle East …

8 08, 2023

US Insurers Invested in Fossil Fuels as Climate Risks to Underwriting Mount

By | August 8th, 2023|Uncategorized|Comments Off on US Insurers Invested in Fossil Fuels as Climate Risks to Underwriting Mount

U.S.-based insurers have invested hundreds of billions of dollars in fossil fuel-related assets which in turn contribute to the risk of climate-related damage to the underwriting side of their businesses, a new report said on Tuesday. A data sample comprising …