News Archives - Insurance Journal

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12 07, 2023

People Moves: LP Insurance Services in Nevada Names Steelman COO

By | July 12th, 2023|Uncategorized|Comments Off on People Moves: LP Insurance Services in Nevada Names Steelman COO

LP Insurance Services, headquartered in Reno, Nev., promoted Trinity Steelman to chief operating officer. Founding COO, Joe Wyatt, retired on July 1. Steelman is responsible for the daily operations throughout the LP Insurance footprint. She continues to lead the employee …

12 07, 2023

$12M in Fines Isn’t Enough to Stop Jersey Shore Town From Bulldozing Its Beach

By | July 12th, 2023|Uncategorized|Comments Off on $12M in Fines Isn’t Enough to Stop Jersey Shore Town From Bulldozing Its Beach

Not even $12 million worth of fines is enough to stop a Jersey Shore town from bulldozing sand on its beach to bolster eroded spots in defiance of state environmental officials. The New Jersey Department of Environmental Protection says North …

12 07, 2023

Appeals Court Revives Lawsuit Against Royal Caribbean Over Toddler’s Death

By | July 12th, 2023|Uncategorized|Comments Off on Appeals Court Revives Lawsuit Against Royal Caribbean Over Toddler’s Death

A federal appeals court on Tuesday revived a lawsuit against Royal Caribbean Cruises by the parents of an 18-month-old girl who died after slipping through her grandfather’s hands and falling through an open cruise ship window. The 11th U.S. Circuit …

12 07, 2023

FDA Classifies Recall of J&J’s Electrosurgical Tools as Most Serious

By | July 12th, 2023|Uncategorized|Comments Off on FDA Classifies Recall of J&J’s Electrosurgical Tools as Most Serious

The U.S. Food and Drug Administration (FDA) on Tuesday classified the recall of certain electrosurgery tools manufactured by a Johnson & Johnson unit as “most serious,” saying their use could lead to injuries or death. The U.S. health regulator said …

12 07, 2023

AXA Weighs Offloading $2B Reinsurance Arm to Cut Exposure to Disasters: Sources

By | July 12th, 2023|Uncategorized|Comments Off on AXA Weighs Offloading $2B Reinsurance Arm to Cut Exposure to Disasters: Sources

One of the world’s top insurers is mulling offloading its property reinsurance business in a bid to cut its exposure to natural disasters like hurricanes, according to three people familiar with the matter. French insurer AXA SA has been discussing …

12 07, 2023

Swiss Re Nominates New Permanent Chairman to Succeed Ermotti

By | July 12th, 2023|Uncategorized|Comments Off on Swiss Re Nominates New Permanent Chairman to Succeed Ermotti

The insurer Swiss Re said on Wednesday that it planned to promote its deputy chairman Jacques de Vaucleroy to the role of permanent chairman of the board after his predecessor Sergio Ermotti resigned to lead UBS. The reshuffle is part …

12 07, 2023

Russian Hackers Lured Embassy Workers in Ukraine With Fake Used-Car Advert

By | July 12th, 2023|Uncategorized|Comments Off on Russian Hackers Lured Embassy Workers in Ukraine With Fake Used-Car Advert

Hackers suspected of working for Russia’s foreign intelligence agency targeted dozens of diplomats at embassies in Ukraine with a fake used car advert in a bid to break into their computers, according to a cybersecurity firm report seen by Reuters. …

12 07, 2023

Deutsche Bank, Commerzbank, ING Data Breached in MOVEit Hack

By | July 12th, 2023|Uncategorized|Comments Off on Deutsche Bank, Commerzbank, ING Data Breached in MOVEit Hack

Deutsche Bank AG, Commerzbank AG and ING Groep NV are among dozens of companies worldwide whose client data were compromised when a criminal hacking group exploited a security flaw in a file transfer tool. The attackers obtained access to data …

12 07, 2023

Canada Regulator Proposes Banks, Insurers Hold More Capital to Tackle Mortgage Risks

By | July 12th, 2023|Uncategorized|Comments Off on Canada Regulator Proposes Banks, Insurers Hold More Capital to Tackle Mortgage Risks

Canada’s banking regulator on Tuesday proposed changes to capital adequacy guidelines that would require lenders and mortgage insurers to hold more funds to better manage risks from a sharp rise in home loan rates. Variable home loan rates have risen …

12 07, 2023

UK Polluters to Face Unlimited Fines to Protect Environment

By | July 12th, 2023|Uncategorized|Comments Off on UK Polluters to Face Unlimited Fines to Protect Environment

Polluters like water or energy companies that befoul UK rivers and seas or spill waste will face unlimited penalties and tougher sanctions, according to expanded government legislation announced on Wednesday. The government plans to scrap the current £250,000 limit on …