News Archives - Insurance Journal

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17 03, 2023

IGI Completes Acquisition of Norway-Based MGA Energy Insurance Oslo

By | March 17th, 2023|Uncategorized|Comments Off on IGI Completes Acquisition of Norway-Based MGA Energy Insurance Oslo

International General Insurance Holdings Ltd. announced the completion of the acquisition of Norway-based managing general agency Energy Insurance Oslo AS (EIO). The transaction included the acquisition of all outstanding shares of EIO. The entity, which is expected to be renamed …

17 03, 2023

Tool & Die Workers at Tenn. Nissan Plant Vote Down Union Effort

By | March 17th, 2023|Uncategorized|Comments Off on Tool & Die Workers at Tenn. Nissan Plant Vote Down Union Effort

Tool and die workers at a Nissan plant in Smyrna, Tennessee voted overwhelmingly against unionization Thursday, another loss for organized labor in the deep South. The workers voted 62-9 against joining the machinists union, according to news reports. The union …

17 03, 2023

Judge Blocks Forced Arbitration of Diners’ Pricing Claims Against Meal Delivery Firms

By | March 17th, 2023|Uncategorized|Comments Off on Judge Blocks Forced Arbitration of Diners’ Pricing Claims Against Meal Delivery Firms

A federal judge in Manhattan on Thursday said Grubhub, Uber Eats and Postmates cannot force diners who have used their platforms into binding arbitration over claims they conspired to drive up prices for restaurant meals during the COVID-19 pandemic. The …

17 03, 2023

Alabama-based National Security Group Promotes Three to Top Positions

By | March 17th, 2023|Uncategorized|Comments Off on Alabama-based National Security Group Promotes Three to Top Positions

The National Security Group, the Alabama-based parent company of a number of property-casualty, life and health insurance companies, has elevated three people to C-suite positions. Kelly Jackson was named chief financial officer; Tonya Jones is the new chief operating officer; …

17 03, 2023

Connecticut Gunmaker Sued by Son of Colorado Supermarket Shooting Victim

By | March 17th, 2023|Uncategorized|Comments Off on Connecticut Gunmaker Sued by Son of Colorado Supermarket Shooting Victim

The son of one of 10 people killed at a Colorado supermarket in 2021 is suing gun-maker Sturm, Ruger & Co. over how it marketed the firearm used in the massacre – following the litigation road map set by families …

17 03, 2023

Alabama Senate Panel Wants $1B in Pandemic Relief for Infrastructure, Broadband

By | March 17th, 2023|Uncategorized|Comments Off on Alabama Senate Panel Wants $1B in Pandemic Relief for Infrastructure, Broadband

Alabama lawmakers on Wednesday advanced a House-passed plan to use the state’s final $1 billion in federal pandemic relief funds largely on a mix of water and sewer infrastructure, broadband expansion and health care reimbursements. The Senate Finance and Taxation …

17 03, 2023

Walmart Pumps $200M Into India’s PhonePe, to Build Insurance, Wealth Businesses

By | March 17th, 2023|Uncategorized|Comments Off on Walmart Pumps $200M Into India’s PhonePe, to Build Insurance, Wealth Businesses

Indian digital payments firm PhonePe said on Friday it has raised $200 million from majority backer Walmart Inc. at a pre-money valuation of $12 billion. PhonePe, already India’s most valuable payments firm and among the country’s most highly valued startups, …

17 03, 2023

Florida House, Senate Committees Advance Slightly Different Tort-Reform Measures

By | March 17th, 2023|Uncategorized|Comments Off on Florida House, Senate Committees Advance Slightly Different Tort-Reform Measures

A Florida bill that would clamp further limits on attorney fees and litigation passed another Senate committee Thursday, moving it closer to a Senate floor vote. Senate Bill 236, sponsored by Sen. Travis Hutson, R-Palm Coast, differs slightly from a …

17 03, 2023

California Regulators Could Decide Oil Profits Penalty

By | March 17th, 2023|Uncategorized|Comments Off on California Regulators Could Decide Oil Profits Penalty

California Gov. Gavin Newsom said he wants state regulators to decide whether to impose the nation’s first penalty on oil companies for price gouging, pivoting after months of negotiations with legislative leaders failed to reach an agreement on a bill …

17 03, 2023

Investigators Cite BP Training, Safety Failures in Ohio Refinery Deaths

By | March 17th, 2023|Uncategorized|Comments Off on Investigators Cite BP Training, Safety Failures in Ohio Refinery Deaths

BP BP.L violated U.S. process safety rules and did not train workers properly at its Toledo, Ohio refinery, contributing to the death of two workers at the plant last year, U.S. federal investigators said on Thursday. The two refinery workers …