News Archives - Insurance Journal

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28 03, 2023

St. Louis Sues Hyundai, Kia Over Car Thefts

By | March 28th, 2023|Uncategorized|Comments Off on St. Louis Sues Hyundai, Kia Over Car Thefts

The city of St. Louis, Missouri, said on Monday it was joining a number of major U.S. cities that are suing Korean automakers Hyundai Motor 005380.KS and Kia Corp 000270.KS for failing to install anti-theft technology in millions of their …

28 03, 2023

Train Derails in Rural North Dakota, Spills Chemical

By | March 28th, 2023|Uncategorized|Comments Off on Train Derails in Rural North Dakota, Spills Chemical

WYNDMERE, N.D. (AP) – A Canadian Pacific train derailed in rural North Dakota Sunday night and spilled hazardous materials, but local authorities and the railroad said there is no threat to public safety. There were no injuries and no fire …

28 03, 2023

Fire Damages Ohio Complex Housing Wright Brothers Plane Factory

By | March 28th, 2023|Uncategorized|Comments Off on Fire Damages Ohio Complex Housing Wright Brothers Plane Factory

DAYTON, Ohio (AP) – An early morning fire damaged a commercial building complex housing a historic factory founded by the Wright Brothers in Ohio on Sunday, authorities said. Dayton fire crews were sent to the site just before 2:30 a.m. …

28 03, 2023

Death Row Minister Files $10M Defamation Suit Against Oklahoma Corrections Agency

By | March 28th, 2023|Uncategorized|Comments Off on Death Row Minister Files $10M Defamation Suit Against Oklahoma Corrections Agency

OKLAHOMA CITY (AP) – A death row minister who was inside the execution chamber during Oklahoma’s last lethal injection sued the Department of Corrections for $10 million on Friday, alleging the agency and its spokesman defamed him in a statement …

28 03, 2023

People Moves: Watkins Insurance Group Appoints of Two Shareholders

By | March 28th, 2023|Uncategorized|Comments Off on People Moves: Watkins Insurance Group Appoints of Two Shareholders

Watkins Insurance Group Appoints of Two Shareholders Watkins Insurance Group has announced the appointment of Joe Guyton and John Aoueille as two new shareholders. With over a decade of commitment to the agency, Guyton and Aoueille have demonstrated their expertise …

27 03, 2023

Ransomware Attack to Hit Revenue at India’s Top Drugmaker

By | March 27th, 2023|Uncategorized|Comments Off on Ransomware Attack to Hit Revenue at India’s Top Drugmaker

Sun Pharmaceutical Industries Ltd. expects revenue to fall as measures taken by India’s top drugmaker to contain an information technology security breach in early March impacted operations. A ransomware group has claimed responsibility for the incident, which included a breach …

27 03, 2023

Credit Suisse Bondholders Seek Legal Advice on Wipe-out of AT1 Bonds

By | March 27th, 2023|Uncategorized|Comments Off on Credit Suisse Bondholders Seek Legal Advice on Wipe-out of AT1 Bonds

Credit Suisse bondholders are seeking legal advice after the Swiss regulator ordered 16 billion Swiss francs ($17.5 billion) of Additional Tier-1 (AT1) debt to be wiped out under its rescue takeover by UBS. These higher-yielding junior bonds emerged from the …

27 03, 2023

Skyrisks Prepares to Launch as MGA for Advanced Air Mobility Sector

By | March 27th, 2023|Uncategorized|Comments Off on Skyrisks Prepares to Launch as MGA for Advanced Air Mobility Sector

Skyrisks Ltd. is set to launch as a managing general agent, partnering with capacity provider Convex Group Ltd., aiming to address the fast-growing insurance needs of the advanced air mobility (AAM) sector. The AAM sector embodies the future of aviation, …

27 03, 2023

Tesla Faces New Race Bias Trial From Employee Who Had $137M Verdict Cut

By | March 27th, 2023|Uncategorized|Comments Off on Tesla Faces New Race Bias Trial From Employee Who Had $137M Verdict Cut

A trial kicks off in San Francisco federal court on Monday to determine how much money Tesla Inc. must pay to a Black elevator operator who a jury determined was subjected to severe racial harassment while working at the electric …

27 03, 2023

HDI Global Specialty Launches Digital Platform for General Aviation in Canada

By | March 27th, 2023|Uncategorized|Comments Off on HDI Global Specialty Launches Digital Platform for General Aviation in Canada

HDI Global Specialty SE (HDI) has launched a new insurance platform in Canada which delivers general aviation policies to brokers in minutes. The platform, called “Aviation IQ” delivers end-to-end digital automation of general aviation insurance policies covering small fixed-wing aircraft …