News Archives - Insurance Journal

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8 08, 2023

DeSantis’ Retaliation vs. Disney Hurting Florida, Former GOP Officials Say in Court

By | August 8th, 2023|Uncategorized|Comments Off on DeSantis’ Retaliation vs. Disney Hurting Florida, Former GOP Officials Say in Court

Saying Gov. Ron DeSantis has followed the autocratic examples of governments in Russia and China, a group of mostly Republican former high-level government officials and business leaders has called the Florida governor`s takeover of Disney World`s governing district “severely damaging …

8 08, 2023

Arthur J. Gallagher Acquires Wigmore Insurance Agency in California

By | August 8th, 2023|Uncategorized|Comments Off on Arthur J. Gallagher Acquires Wigmore Insurance Agency in California

Arthur J. Gallagher & Co. acquired Costa Mesa, California-based Wigmore Insurance Agency Inc. Tim Wigmore and his team will remain in their current location under the direction of Scott Firestone, head of Gallagher’s Southwest region retail property/casualty brokerage operations. Wigmore …

8 08, 2023

Kemper Exits Preferred Home and Auto Business Immediately

By | August 8th, 2023|Uncategorized|Comments Off on Kemper Exits Preferred Home and Auto Business Immediately

As it reported a net loss in the second quarter of about $97 million, Kemper Corp. said Monday that it is exiting the preferred home and auto insurance market. Kemper said it will “actively reduce the business immediately,” and non-renew …

8 08, 2023

Former Ga. Insurance Commissioner’s Conviction Stands, but Tax Repay Has to Wait

By | August 8th, 2023|Uncategorized|Comments Off on Former Ga. Insurance Commissioner’s Conviction Stands, but Tax Repay Has to Wait

Former Georgia Insurance Commissioner Jim Beck’s fraud conviction stands, but he won’t have to pay part of the restitution until after he’s released from prison, a federal appeals court decided Monday. The U.S. 11th Circuit Court of Appeals found no …

8 08, 2023

Google Fails to End $5B Consumer Privacy Lawsuit

By | August 8th, 2023|Uncategorized|Comments Off on Google Fails to End $5B Consumer Privacy Lawsuit

A U.S. judge rejected Google’s bid to dismiss a lawsuit claiming it invaded the privacy of millions of people by secretly tracking their internet use. U.S. District Judge Yvonne Gonzalez Rogers on Monday said she could not find that users …

8 08, 2023

More ESG Lawsuits on the Horizon as Investors Jump on UK Law

By | August 8th, 2023|Uncategorized|Comments Off on More ESG Lawsuits on the Horizon as Investors Jump on UK Law

Investors are becoming more emboldened to file legal challenges against companies for their net zero claims, approaches to governance and other hot-button ESG issues, using a pair of underutilized provisions of a UK law. Standard Chartered Plc, BT Group Plc …

8 08, 2023

Insured Loss Estimate for Turkey Earthquake Rises to US$3.4 Billion: PERILS

By | August 8th, 2023|Uncategorized|Comments Off on Insured Loss Estimate for Turkey Earthquake Rises to US$3.4 Billion: PERILS

The third loss estimate for the Kahramanmaras Earthquake Sequence, which hit large parts of south-central Turkey and neighboring Syria on Feb. 6, 2023, has risen to $3.4 billion, according to PERILS, the independent Zurich-based organization that provides industry-wide catastrophe insurance …

7 08, 2023

2 Killed, 3 Hurt When Pleasure Boat Catches Fire in Southern California Bay

By | August 7th, 2023|Uncategorized|Comments Off on 2 Killed, 3 Hurt When Pleasure Boat Catches Fire in Southern California Bay

Two women were killed and another woman and two men were hospitalized with burns after a weekend fire on a pleasure boat in Long Beach, California, authorities said. The blaze was reported around 5:15 p.m. Saturday on a 35-foot motorboat …

8 08, 2023

Oregon OSHA Cites Contractor for Multiple Job Safety Violations

By | August 8th, 2023|Uncategorized|Comments Off on Oregon OSHA Cites Contractor for Multiple Job Safety Violations

The Oregon Occupational Safety and Health Division fined Hillsboro contractor Arm & Hammer Construction Inc. $66,420 for multiple violations of workplace safety rules. In one violation, the company repeatedly failed to protect workers from fall hazards that could seriously injure …

8 08, 2023

Commercial Property Loans Are So Unappealing Banks Trying to Dump Them

By | August 8th, 2023|Uncategorized|Comments Off on Commercial Property Loans Are So Unappealing Banks Trying to Dump Them

Banks seeking to sell commercial-property loans are encountering a dried-up market with few options for an easy exit. Lenders including Goldman Sachs Group Inc. and JPMorgan Chase & Co. have been trying to sell debt backed by offices, hotels and …