News Archives - Insurance Journal

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1 08, 2023

California Workers’ Independent Medical Review Volume Rose in First Half of 2023

By | August 1st, 2023|Uncategorized|Comments Off on California Workers’ Independent Medical Review Volume Rose in First Half of 2023

A review of the Independent Medical Review process used to resolve California workers’ compensation medical disputes shows the number of IMR decision letters rose 4.1% in the first six months of 2023 compared to the first half of 2022 after …

1 08, 2023

Syracuse Catholic Diocese Settles $100 Million in Sexual Abuse Claims

By | August 1st, 2023|Uncategorized|Comments Off on Syracuse Catholic Diocese Settles $100 Million in Sexual Abuse Claims

The Roman Catholic Diocese of Syracuse on Thursday announced a $100 million settlement with people who say they were sexual abuse victims as part of its bankruptcy proceedings. Catholic dioceses around the state are dealing with a surge of lawsuits …

1 08, 2023

Medicare Recovery Firm that Sued Auto Insurers Said to be Under Investigation

By | August 1st, 2023|Uncategorized|Comments Off on Medicare Recovery Firm that Sued Auto Insurers Said to be Under Investigation

The Florida lawyer and entrepreneur who reportedly made millions by disrupting the auto insurance industry’s Medicare set-aside practices is under federal investigation and may be in financial trouble, according to news reports. John Ruiz, whose MSP Recovery, now known as …

1 08, 2023

Tenco Adjusting Acquires James C. Greene Firm in Carolinas

By | August 1st, 2023|Uncategorized|Comments Off on Tenco Adjusting Acquires James C. Greene Firm in Carolinas

Nashville-based Tenco Services Inc., a multi-line claims adjusting firm in six Southeastern states, plans to acquire the James C. Greene adjusting company in Raleigh, North Carolina, Tenco announced. Greene has offices in North and South Carolina and also works in …

1 08, 2023

Companies Caught in Diversity Crossfire Are Frozen by Uncertainty

By | August 1st, 2023|Uncategorized|Comments Off on Companies Caught in Diversity Crossfire Are Frozen by Uncertainty

The US Supreme Court’s ruling against affirmative action has sparked a fierce debate over the future of diversity in corporate America, with dueling sides claiming either that workplace programs are unaffected by the decision, or that they’re suddenly open to …

1 08, 2023

Industry Trades Rail Against Federal Climate Disclosure Bill

By | August 1st, 2023|Uncategorized|Comments Off on Industry Trades Rail Against Federal Climate Disclosure Bill

Federal legislation introduced last week that would require insurance companies with more than $100 million in annual premiums to disclose investments and underwritings related to coal, oil and gas projects, and fossil fuels is already required at the state level …

1 08, 2023

Aircraft Lessors Aim for June 2024 Trial Over Contested Russia Insurance Claims

By | August 1st, 2023|Uncategorized|Comments Off on Aircraft Lessors Aim for June 2024 Trial Over Contested Russia Insurance Claims

Some of the world’s largest aircraft lessors and insurers are aiming to be ready to go to trial in June 2024 over contested insurance claims for aircraft stuck in Russia, a lawyer for one of the lessors said on Monday. …

1 08, 2023

As E-bikes Proliferate, so Do Deadly E-Bike Fires Blamed on Exploding Batteries

By | August 1st, 2023|Uncategorized|Comments Off on As E-bikes Proliferate, so Do Deadly E-Bike Fires Blamed on Exploding Batteries

The explosion early on a June morning ignited a blaze that engulfed a New York City shop filled with motorized bicycles and their volatile lithium-ion batteries. Billowing smoke quickly killed four people asleep in apartments above the burning store. As …

1 08, 2023

Viewpoint: Innovation Trends Through the Lens of Qorus-Accenture Innovation Awards

By | August 1st, 2023|Uncategorized|Comments Off on Viewpoint: Innovation Trends Through the Lens of Qorus-Accenture Innovation Awards

The winners of the Qorus-Accenture Innovation in Insurance Awards were announced recently at a live ceremony in Milan, bringing together the industry’s trendsetters and pioneers. Now in its eighth year, this program has served as a catalyst for insurance innovation, …

1 08, 2023

Rain Pelts Beijing, Northern China, Causing Floods and Claiming at Least 11 Lives

By | August 1st, 2023|Uncategorized|Comments Off on Rain Pelts Beijing, Northern China, Causing Floods and Claiming at Least 11 Lives

Relentless rain stretched into a fourth day in Beijing and nearby cities on Tuesday as a weakening typhoon brought non-stop precipitation and widespread flooding to northern China, so far claiming 11 lives. Rivers have swollen to dangerous levels, prompting Beijing …