News Archives - Insurance Journal

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3 02, 2023

Texas Winter Storm Cancels Flights, Keeps Thousands Without Power

By | February 3rd, 2023|Uncategorized|Comments Off on Texas Winter Storm Cancels Flights, Keeps Thousands Without Power

AUSTIN, Texas (AP) – A mess of ice, sleet and snow lingered across much of the southern U.S. on Thursday as thousands in Texas endured freezing temperatures with no power, including many in the state capital of Austin, but a …

3 02, 2023

FedEx Loses Bid to Undo $366M Racial Bias Verdict, Files Appeal

By | February 3rd, 2023|Uncategorized|Comments Off on FedEx Loses Bid to Undo $366M Racial Bias Verdict, Files Appeal

A U.S. judge rejected FedEx Corp’s request to throw out or reduce a jury’s $366 million damages award to a Black former employee who said the package delivery company fired her after she complained about racial discrimination. FedEx appealed the …

3 02, 2023

Police Settle La. Suit Over 2020 Beating of Black Man

By | February 3rd, 2023|Uncategorized|Comments Off on Police Settle La. Suit Over 2020 Beating of Black Man

SHREVEPORT, La. (AP) – A settlement has been reached in a lawsuit filed by a Black man who said police officers in a Louisiana city threw him to the ground, slammed his face into the sidewalk and detained him in …

3 02, 2023

People Moves: Beavers promoted to VP of Client Solutions at RYZE Claim Solutions; Alera Appoints Midwest Regional Managing Director

By | February 3rd, 2023|Uncategorized|Comments Off on People Moves: Beavers promoted to VP of Client Solutions at RYZE Claim Solutions; Alera Appoints Midwest Regional Managing Director

RYZE Claim Solutions Names Beavers Vice President of Client Solutions Teresa Beavers has been promoted to vice president of client solutions at RYZE Claim Solutions. Beavers, who has 33 years of experience in the claims industry, joined RYZE in 2001 …

3 02, 2023

People Moves: DUAL Hires Chief Risk Officer, Actuarial Lead; Allianz Nabs Chubb COO to Head N.A. Financial Lines

By | February 3rd, 2023|Uncategorized|Comments Off on People Moves: DUAL Hires Chief Risk Officer, Actuarial Lead; Allianz Nabs Chubb COO to Head N.A. Financial Lines

DUAL Hires Chief Risk Officer and Actuarial Lead DUAL North America, Inc., based in Naples, Florida, has hired Ranjit Jaswal as chief risk officer and Luke Wolmer as senior vice president of actuarial and data analytics. Jaswal brings over 25 …

3 02, 2023

North Carolina Rate Bureau Files for 28% Increase in Auto Insurance Rates

By | February 3rd, 2023|Uncategorized|Comments Off on North Carolina Rate Bureau Files for 28% Increase in Auto Insurance Rates

The North Carolina Rate Bureau is asking for a 28% increase in auto insurance rates for the state, an increase that will likely be slashed significantly by the state Department of Insurance. The average statewide increase for private passenger auto …

3 02, 2023

Securities Fraud Trial Over Elon Musk’s 2018 Tweets Draws to a Close

By | February 3rd, 2023|Uncategorized|Comments Off on Securities Fraud Trial Over Elon Musk’s 2018 Tweets Draws to a Close

A lawyer for Tesla Inc. shareholders who claim Elon Musk deceived them when he tweeted that he had secured funding to take his electric car company private is expected to make closing arguments to a San Francisco jury on Friday. …

3 02, 2023

PG&E to Face Manslaughter Trial Over Deadly California Fire

By | February 3rd, 2023|Uncategorized|Comments Off on PG&E to Face Manslaughter Trial Over Deadly California Fire

Pacific Gas & Electric will face trial for manslaughter over its role in a 2020 wildfire in Northern California that killed four people, a judge ruled Wednesday. The judge in Shasta County ruled after a preliminary hearing that there was …

3 02, 2023

Family of Ugandan Awarded $10.5M for Utah Park Death

By | February 3rd, 2023|Uncategorized|Comments Off on Family of Ugandan Awarded $10.5M for Utah Park Death

Family members of a Ugandan human rights activist killed in an accident at Arches National Park will get more than $10 million in damages, a federal judge ruled. Though the amount was substantially less than pursued, attorneys representing the family …

2 02, 2023

PCF Acquires Louisiana’s Oak Point Risk Advisors

By | February 2nd, 2023|Uncategorized|Comments Off on PCF Acquires Louisiana’s Oak Point Risk Advisors

PCF Insurance Services (PCF) has acquired Oak Point Risk Advisors, a niche risk management and insurance agency focusing on commercial insurance for the maritime, oil and gas, and construction industries. Ronny Sternfels, president of Oak Point Risk Advisors, said, “At …