News Archives - Insurance Journal

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9 03, 2023

Investors Aviva, M&G Urge Britain to Press Ahead With Financial Reforms

By | March 9th, 2023|Uncategorized|Comments Off on Investors Aviva, M&G Urge Britain to Press Ahead With Financial Reforms

Investors Aviva and M&G on Thursday joined calls for Britain to press ahead with financial reforms and give high-growth sectors such as technology companies more support to keep London’s markets competitive. Finance bosses have warned that the British capital risks …

8 03, 2023

NHTSA Opens Tesla Probe Into Reports Steering Wheels Fell Off

By | March 8th, 2023|Uncategorized|Comments Off on NHTSA Opens Tesla Probe Into Reports Steering Wheels Fell Off

The National Highway Traffic Safety Administration (NHTSA) said Wednesday it is opening a preliminary investigation into 120,000 2023 Tesla Model Y vehicles after two reports of steering wheels falling off while driving. The U.S. auto safety regulator said the steering …

8 03, 2023

EPA to Propose Limits on Toxic ‘Forever Chemicals’ in Drinking Water

By | March 8th, 2023|Uncategorized|Comments Off on EPA to Propose Limits on Toxic ‘Forever Chemicals’ in Drinking Water

The Environmental Protection Agency is expected to propose restrictions on harmful “forever chemicals” in drinking water after finding they are dangerous in amounts so small as to be undetectable. But experts say removing them will cost billions, a burden that …

8 03, 2023

California Oil Company Paying $65M for Oil Spills

By | March 8th, 2023|Uncategorized|Comments Off on California Oil Company Paying $65M for Oil Spills

A defunct company that spilled more than a million gallons of crude oil and wastewater in California must pay more than $65 million in penalties and cleanup costs, federal prosecutors announced. A federal court entered a final judgment last week …

8 03, 2023

Women Still Underrepresented in Agency Leadership: Survey

By | March 8th, 2023|Uncategorized|Comments Off on Women Still Underrepresented in Agency Leadership: Survey

A new report showed that while more agencies have at least one woman in leadership, men still outnumber women in leadership two to one. Women make up more than half of all employees in insurance agencies, but less than one-third …

8 03, 2023

New York City Launches Parametric Flood Program With Insurance, Tech Firms

By | March 8th, 2023|Uncategorized|Comments Off on New York City Launches Parametric Flood Program With Insurance, Tech Firms

Insurer Swiss Re Corporate Solutions, reinsurance broker Guy Carpenter, and the data technology firm ICEYE have teamed up with New York City government agencies to develop a pilot parametric flood recovery assistance program for low and moderate income households in …

8 03, 2023

The Hack That Upended Derivatives Trading Spurs Calls for Action

By | March 8th, 2023|Uncategorized|Comments Off on The Hack That Upended Derivatives Trading Spurs Calls for Action

A cyberattack that disrupted derivatives trading in January is prompting calls for more oversight to combat the risk of hacks across financial markets. The top US derivatives regulator wants to update standards and monitoring systems that will help minimize the …

8 03, 2023

Burns & Wilcox Acquires Louisiana’s McIntyre & Associates

By | March 8th, 2023|Uncategorized|Comments Off on Burns & Wilcox Acquires Louisiana’s McIntyre & Associates

Burns & Wilcox has signed a definitive agreement to acquire McIntyre & Associates, a Ruston, Louisiana based managing general agent. The deal is expected to close early in Q2 2023.. Family owned for two generations, McIntyre is a wholesale business …

8 03, 2023

Michigan Conservative Group Will Get Reward for Suing Over COVID-19 Loans

By | March 8th, 2023|Uncategorized|Comments Off on Michigan Conservative Group Will Get Reward for Suing Over COVID-19 Loans

MIDLAND, Mich. (AP) – A conservative economic-policy group will get a $22,500 reward for blowing the whistle on a Michigan teachers union and its insurance arm, which got $12.5 million in government-backed loans during the early months of the COVID-19 …

8 03, 2023

General Contract Fined $154K After Painter Fatally Falls 21 Feet Off Balcony

By | March 8th, 2023|Uncategorized|Comments Off on General Contract Fined $154K After Painter Fatally Falls 21 Feet Off Balcony

A 51-year-old painting contractor at a residential apartment complex in Cleveland stepped onto a third-floor balcony and it tilted suddenly, causing him to fall 21 feet onto the concrete below. As he lay injured, the balcony slid off its wall …