News Archives - Insurance Journal

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28 03, 2023

Death Row Minister Files $10M Defamation Suit Against Oklahoma Corrections Agency

By | March 28th, 2023|Uncategorized|Comments Off on Death Row Minister Files $10M Defamation Suit Against Oklahoma Corrections Agency

OKLAHOMA CITY (AP) – A death row minister who was inside the execution chamber during Oklahoma’s last lethal injection sued the Department of Corrections for $10 million on Friday, alleging the agency and its spokesman defamed him in a statement …

28 03, 2023

People Moves: Watkins Insurance Group Appoints of Two Shareholders

By | March 28th, 2023|Uncategorized|Comments Off on People Moves: Watkins Insurance Group Appoints of Two Shareholders

Watkins Insurance Group Appoints of Two Shareholders Watkins Insurance Group has announced the appointment of Joe Guyton and John Aoueille as two new shareholders. With over a decade of commitment to the agency, Guyton and Aoueille have demonstrated their expertise …

27 03, 2023

Ransomware Attack to Hit Revenue at India’s Top Drugmaker

By | March 27th, 2023|Uncategorized|Comments Off on Ransomware Attack to Hit Revenue at India’s Top Drugmaker

Sun Pharmaceutical Industries Ltd. expects revenue to fall as measures taken by India’s top drugmaker to contain an information technology security breach in early March impacted operations. A ransomware group has claimed responsibility for the incident, which included a breach …

27 03, 2023

Credit Suisse Bondholders Seek Legal Advice on Wipe-out of AT1 Bonds

By | March 27th, 2023|Uncategorized|Comments Off on Credit Suisse Bondholders Seek Legal Advice on Wipe-out of AT1 Bonds

Credit Suisse bondholders are seeking legal advice after the Swiss regulator ordered 16 billion Swiss francs ($17.5 billion) of Additional Tier-1 (AT1) debt to be wiped out under its rescue takeover by UBS. These higher-yielding junior bonds emerged from the …

27 03, 2023

Skyrisks Prepares to Launch as MGA for Advanced Air Mobility Sector

By | March 27th, 2023|Uncategorized|Comments Off on Skyrisks Prepares to Launch as MGA for Advanced Air Mobility Sector

Skyrisks Ltd. is set to launch as a managing general agent, partnering with capacity provider Convex Group Ltd., aiming to address the fast-growing insurance needs of the advanced air mobility (AAM) sector. The AAM sector embodies the future of aviation, …

27 03, 2023

Tesla Faces New Race Bias Trial From Employee Who Had $137M Verdict Cut

By | March 27th, 2023|Uncategorized|Comments Off on Tesla Faces New Race Bias Trial From Employee Who Had $137M Verdict Cut

A trial kicks off in San Francisco federal court on Monday to determine how much money Tesla Inc. must pay to a Black elevator operator who a jury determined was subjected to severe racial harassment while working at the electric …

27 03, 2023

HDI Global Specialty Launches Digital Platform for General Aviation in Canada

By | March 27th, 2023|Uncategorized|Comments Off on HDI Global Specialty Launches Digital Platform for General Aviation in Canada

HDI Global Specialty SE (HDI) has launched a new insurance platform in Canada which delivers general aviation policies to brokers in minutes. The platform, called “Aviation IQ” delivers end-to-end digital automation of general aviation insurance policies covering small fixed-wing aircraft …

27 03, 2023

Arkansas Governor Passes School Bathroom Bill

By | March 27th, 2023|Uncategorized|Comments Off on Arkansas Governor Passes School Bathroom Bill

LITTLE ROCK, Ark. (AP) – Arkansas Gov. Sarah Huckabee Sanders last Tuesday signed a law prohibiting transgender people at public schools from using the restroom that matches their gender identity, the first of several states expected to enact such bans …

27 03, 2023

Juul, Altria Face First Trial Over Claims of Marketing E-Cigarettes to Teens

By | March 27th, 2023|Uncategorized|Comments Off on Juul, Altria Face First Trial Over Claims of Marketing E-Cigarettes to Teens

E-cigarette company Juul Labs Inc. and its former largest investor, Marlboro maker Altria Group Inc., will face their first U.S. trial this week over claims that they created a public nuisance by marketing addictive e-cigarettes to minors. Minnesota seeks to …

27 03, 2023

Georgia Lawmakers Flip the Script on Use-and-File for Auto Rate Increases

By | March 27th, 2023|Uncategorized|Comments Off on Georgia Lawmakers Flip the Script on Use-and-File for Auto Rate Increases

Georgia lawmakers have approved a bill that, if signed into law, would end the longstanding “use-and-file” mechanism on auto insurance rate filings in the state. The state Senate last week voted 49-2 in favor of House Bill 221, a measure …