News Archives - Insurance Journal

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24 03, 2023

China Detains Staff, Raids Office of U.S. Due Diligence Firm Mintz Group

By | March 24th, 2023|Uncategorized|Comments Off on China Detains Staff, Raids Office of U.S. Due Diligence Firm Mintz Group

Chinese authorities raided the office of U.S. corporate due diligence firm Mintz Group in Beijing and detained five local staff, the company said, putting foreign companies in China on alert just as the country hosts an international economic forum. News …

24 03, 2023

After Non-Renewals, Castle Key Files 53.5% Increase for Remaining Fla. Condo Policies

By | March 24th, 2023|Uncategorized|Comments Off on After Non-Renewals, Castle Key Files 53.5% Increase for Remaining Fla. Condo Policies

Two months after Allstate announced that a Florida subsidiary would non-renew 33,000 condominium policies, the company has filed for a 53.5% average rate increase. Castle Key Indemnity Co., which until recently held some 278,000 policies in Florida, making it one …

24 03, 2023

People Moves: Howden Tiger Names Ruff as Head of Legacy Division in Expanded Role; Markel Taps QBE’s Keens, SCOR’s Wong for Global Downstream Energy Team

By | March 24th, 2023|Uncategorized|Comments Off on People Moves: Howden Tiger Names Ruff as Head of Legacy Division in Expanded Role; Markel Taps QBE’s Keens, SCOR’s Wong for Global Downstream Energy Team

This edition of International People Moves details appointments at Howden Tiger and Markel International. A summary of these new hires follows here. Howden Tiger Names Ruff as Head of Legacy Division in Expanded Role Howden Tiger, the reinsurance arm of …

24 03, 2023

Coinbase, SEC on Collision Course for ‘Existential’ Clash Over Crypto Industry

By | March 24th, 2023|Uncategorized|Comments Off on Coinbase, SEC on Collision Course for ‘Existential’ Clash Over Crypto Industry

Coinbase debuted on the U.S. stock market on April 14, 2021 – the same day U.S. senators confirmed Gary Gensler to lead the Securities and Exchange Commission (SEC), the country’s top markets regulator. Gensler, who has called the crypto sector …

24 03, 2023

Denmark to Salvage Unidentified Object in Nord Stream Blast Probe

By | March 24th, 2023|Uncategorized|Comments Off on Denmark to Salvage Unidentified Object in Nord Stream Blast Probe

Denmark is salvaging an unidentified object found next to a Russian gas pipeline that was damaged in a blast last September, as investigators continue to seek who was behind the attack. The operation comes two weeks after German authorities said …

24 03, 2023

Illinois Supreme Court: Union Workers Can’t Sue Under Biometric Law

By | March 24th, 2023|Uncategorized|Comments Off on Illinois Supreme Court: Union Workers Can’t Sue Under Biometric Law

Illinois’ top court on Thursday said U.S. labor law bars unionized workers from suing their employers for violations of the state’s biometric privacy law, which can expose companies to massive penalties. The Illinois Supreme Court unanimously held that campus security …

17 03, 2023

Biden’s Antitrust Push Across Agencies Is Working to Block Deals

By | March 17th, 2023|Uncategorized|Comments Off on Biden’s Antitrust Push Across Agencies Is Working to Block Deals

The Biden administration’s strategy of leaning on industry regulators to block deals that might be tricky for the Justice Department to challenge in court is working. In the past month alone, telecom and airline regulators have moved to nix Standard …

17 03, 2023

IGI Completes Acquisition of Norway-Based MGA Energy Insurance Oslo

By | March 17th, 2023|Uncategorized|Comments Off on IGI Completes Acquisition of Norway-Based MGA Energy Insurance Oslo

International General Insurance Holdings Ltd. announced the completion of the acquisition of Norway-based managing general agency Energy Insurance Oslo AS (EIO). The transaction included the acquisition of all outstanding shares of EIO. The entity, which is expected to be renamed …

17 03, 2023

Tool & Die Workers at Tenn. Nissan Plant Vote Down Union Effort

By | March 17th, 2023|Uncategorized|Comments Off on Tool & Die Workers at Tenn. Nissan Plant Vote Down Union Effort

Tool and die workers at a Nissan plant in Smyrna, Tennessee voted overwhelmingly against unionization Thursday, another loss for organized labor in the deep South. The workers voted 62-9 against joining the machinists union, according to news reports. The union …

17 03, 2023

Judge Blocks Forced Arbitration of Diners’ Pricing Claims Against Meal Delivery Firms

By | March 17th, 2023|Uncategorized|Comments Off on Judge Blocks Forced Arbitration of Diners’ Pricing Claims Against Meal Delivery Firms

A federal judge in Manhattan on Thursday said Grubhub, Uber Eats and Postmates cannot force diners who have used their platforms into binding arbitration over claims they conspired to drive up prices for restaurant meals during the COVID-19 pandemic. The …