News Archives - Insurance Journal

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17 03, 2023

Alabama-based National Security Group Promotes Three to Top Positions

By | March 17th, 2023|Uncategorized|Comments Off on Alabama-based National Security Group Promotes Three to Top Positions

The National Security Group, the Alabama-based parent company of a number of property-casualty, life and health insurance companies, has elevated three people to C-suite positions. Kelly Jackson was named chief financial officer; Tonya Jones is the new chief operating officer; …

17 03, 2023

Connecticut Gunmaker Sued by Son of Colorado Supermarket Shooting Victim

By | March 17th, 2023|Uncategorized|Comments Off on Connecticut Gunmaker Sued by Son of Colorado Supermarket Shooting Victim

The son of one of 10 people killed at a Colorado supermarket in 2021 is suing gun-maker Sturm, Ruger & Co. over how it marketed the firearm used in the massacre – following the litigation road map set by families …

17 03, 2023

Alabama Senate Panel Wants $1B in Pandemic Relief for Infrastructure, Broadband

By | March 17th, 2023|Uncategorized|Comments Off on Alabama Senate Panel Wants $1B in Pandemic Relief for Infrastructure, Broadband

Alabama lawmakers on Wednesday advanced a House-passed plan to use the state’s final $1 billion in federal pandemic relief funds largely on a mix of water and sewer infrastructure, broadband expansion and health care reimbursements. The Senate Finance and Taxation …

17 03, 2023

Walmart Pumps $200M Into India’s PhonePe, to Build Insurance, Wealth Businesses

By | March 17th, 2023|Uncategorized|Comments Off on Walmart Pumps $200M Into India’s PhonePe, to Build Insurance, Wealth Businesses

Indian digital payments firm PhonePe said on Friday it has raised $200 million from majority backer Walmart Inc. at a pre-money valuation of $12 billion. PhonePe, already India’s most valuable payments firm and among the country’s most highly valued startups, …

17 03, 2023

Florida House, Senate Committees Advance Slightly Different Tort-Reform Measures

By | March 17th, 2023|Uncategorized|Comments Off on Florida House, Senate Committees Advance Slightly Different Tort-Reform Measures

A Florida bill that would clamp further limits on attorney fees and litigation passed another Senate committee Thursday, moving it closer to a Senate floor vote. Senate Bill 236, sponsored by Sen. Travis Hutson, R-Palm Coast, differs slightly from a …

17 03, 2023

California Regulators Could Decide Oil Profits Penalty

By | March 17th, 2023|Uncategorized|Comments Off on California Regulators Could Decide Oil Profits Penalty

California Gov. Gavin Newsom said he wants state regulators to decide whether to impose the nation’s first penalty on oil companies for price gouging, pivoting after months of negotiations with legislative leaders failed to reach an agreement on a bill …

17 03, 2023

Investigators Cite BP Training, Safety Failures in Ohio Refinery Deaths

By | March 17th, 2023|Uncategorized|Comments Off on Investigators Cite BP Training, Safety Failures in Ohio Refinery Deaths

BP BP.L violated U.S. process safety rules and did not train workers properly at its Toledo, Ohio refinery, contributing to the death of two workers at the plant last year, U.S. federal investigators said on Thursday. The two refinery workers …

17 03, 2023

Train Hauling Corn Syrup Derails in Arizona

By | March 17th, 2023|Uncategorized|Comments Off on Train Hauling Corn Syrup Derails in Arizona

A freight train carrying corn syrup – not hazardous materials – derailed in western Arizona, near the state’s border with California and Nevada, BNSF Railway said. “BNSF Railway can confirm that a train carrying corn syrup derailed near Topock in …

17 03, 2023

Wichita, Kansas Settles Fatal SWAT Shooting for $5M

By | March 17th, 2023|Uncategorized|Comments Off on Wichita, Kansas Settles Fatal SWAT Shooting for $5M

The city of Wichita on Tuesday approved a $5 million settlement of a lawsuit filed by the family of a man who was shot and killed by a police officer during a hoax call in 2017. The settlement will go …

17 03, 2023

Hawaii Businessman Sued for $2M After Grounding Luxury Yacht

By | March 17th, 2023|Uncategorized|Comments Off on Hawaii Businessman Sued for $2M After Grounding Luxury Yacht

A business owner whose luxury yacht ran aground and leaked diesel fuel into waters off the Hawaiian island of Maui last month is being sued for more than $2 million in damages by a trust that sold him the vessel. …