News Archives - Insurance Journal

/News Archives - Insurance Journal

About News Archives - Insurance Journal

This author has not yet filled in any details.
So far News Archives - Insurance Journal has created 6268 blog entries.
11 08, 2023

Boston Financial Adviser Sentenced After Defrauding Older Victims of Annuity Funds

By | August 11th, 2023|Uncategorized|Comments Off on Boston Financial Adviser Sentenced After Defrauding Older Victims of Annuity Funds

A financial adviser who stole about $1.2 million from the retirement accounts of his mostly older victims, one of whom had dementia and another of whom had a traumatic brain injury, has been sentenced to more than four years in …

11 08, 2023

Security First Accountant Charged with Siphoning $1.4M Through Fake Invoices

By | August 11th, 2023|Uncategorized|Comments Off on Security First Accountant Charged with Siphoning $1.4M Through Fake Invoices

An accountant for Ormond Beach-based Security First Insurance Co. has been charged with stealing more than $1.4 million by creating false invoices and routing the funds to her personal accounts. Samantha Rae Link, 30, of Daytona Beach, was arrested Wednesday, …

11 08, 2023

NHTSA Probing Fatal Tesla Crash in Virginia, Adding to Investigations

By | August 11th, 2023|Uncategorized|Comments Off on NHTSA Probing Fatal Tesla Crash in Virginia, Adding to Investigations

Tesla Inc. is facing increased scrutiny as federal investigations said Thursday they are investigating a fatal crash in Virginia involving one of the company’s SUVs that collided with a tractor-trailer truck. The accident, which took place on July 19 in …

11 08, 2023

Miami’s Septic Tanks, Trash Problems Test Appeal to Rich Homeowners

By | August 11th, 2023|Uncategorized|Comments Off on Miami’s Septic Tanks, Trash Problems Test Appeal to Rich Homeowners

Miami wants to attract even more out-of-state workers and wealthy newcomers like hedge fund tycoon Ken Griffin. But first, County Mayor Daniella Levine Cava faces a huge environmental problem: overflowing garbage heaps and septic tanks. Some of greater Miami’s massive …

11 08, 2023

Detroit Police Chief Implements New Policies on Facial-Recognition Technology Following Arrest of Pregnant Woman

By | August 11th, 2023|Uncategorized|Comments Off on Detroit Police Chief Implements New Policies on Facial-Recognition Technology Following Arrest of Pregnant Woman

DETROIT (AP) – The Detroit police chief said he`s setting new policies on the use of facial-recognition technology after a woman who was eight months pregnant said she was wrongly charged with robbery and carjacking in a case that was …

11 08, 2023

At Least 55 Died in Hawaii Fires, Thousands of Structures Exposed

By | August 11th, 2023|Uncategorized|Comments Off on At Least 55 Died in Hawaii Fires, Thousands of Structures Exposed

Wildfires on Maui have killed at least 55 people and wiped out a historic town, exposing thousands of structures in a disaster that could end up exceeding early damage and loss estimates of more than $8 billion. The Associated Press …

8 08, 2023

People Moves: BHSI Names AIG’s Bidmead for Transactional Liability; TransRe Announces Group of Promotions; CNA Hardy Appoints Sr. Underwriters for UK Marine

By | August 8th, 2023|Uncategorized|Comments Off on People Moves: BHSI Names AIG’s Bidmead for Transactional Liability; TransRe Announces Group of Promotions; CNA Hardy Appoints Sr. Underwriters for UK Marine

This edition of International People Moves details appointments at Berkshire Hathaway Specialty Insurance (BHSI), Trans Re and CNA Hardy. A summary of these new hires follows here. BHSI Names AIG’s Bidmead as Head of Transactional Liability, Asia and Middle East …

8 08, 2023

US Insurers Invested in Fossil Fuels as Climate Risks to Underwriting Mount

By | August 8th, 2023|Uncategorized|Comments Off on US Insurers Invested in Fossil Fuels as Climate Risks to Underwriting Mount

U.S.-based insurers have invested hundreds of billions of dollars in fossil fuel-related assets which in turn contribute to the risk of climate-related damage to the underwriting side of their businesses, a new report said on Tuesday. A data sample comprising …

8 08, 2023

Pennsylvania PUC Approves $1M Settlement Over Gas Explosion That Leveled Home

By | August 8th, 2023|Uncategorized|Comments Off on Pennsylvania PUC Approves $1M Settlement Over Gas Explosion That Leveled Home

The Public Utility Commission has approved a revised settlement totaling nearly $1 million with a gas utility over a 2019 explosion in western Pennsylvania that reduced a home to rubble and injured five people. Canonsburg-based Columbia Gas took responsibility for …

8 08, 2023

MOVEit Cyber Hack Spawned Around 600 Breaches but Isn’t Done Yet

By | August 8th, 2023|Uncategorized|Comments Off on MOVEit Cyber Hack Spawned Around 600 Breaches but Isn’t Done Yet

A hydra-headed breach centered on a single American software maker has compromised data at about 600 organizations worldwide, according to cyber analyst tallies corroborated by Reuters. But more than two months after the breach was first disclosed by Massachusetts-based Progress …