News Archives - Insurance Journal

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6 07, 2023

Court: Tulsa Can’t Give a Choctaw Man Ticket Because City is on Reservation Land

By | July 6th, 2023|Uncategorized|Comments Off on Court: Tulsa Can’t Give a Choctaw Man Ticket Because City is on Reservation Land

OKLAHOMA CITY (AP) – Tulsa lacks the jurisdiction to prosecute a Native American man cited by police for speeding because the city is located within the boundaries of an Indian reservation, a federal appeals court ruled. The 10th U.S. Circuit …

6 07, 2023

Oklahoma Insurance Commissioner Offers Recovery Tips After Severe Storms

By | July 6th, 2023|Uncategorized|Comments Off on Oklahoma Insurance Commissioner Offers Recovery Tips After Severe Storms

Oklahoma Insurance Commissioner Gled Mulready offered recovery tips following the severe storms that hit Tulsa over Father’s Day weekend, causing extensive damage, including fallen trees and widespread power outages. The storm has been far-reaching, leading to heat advisories, limited access …

7 07, 2023

Republican Attorneys General Urge Biden to Drop EPA Emissions Plan

By | July 7th, 2023|Uncategorized|Comments Off on Republican Attorneys General Urge Biden to Drop EPA Emissions Plan

A group of 25 Republican state attorneys general Thursday urged the Biden administration to abandon its proposal to sharply cut vehicle tailpipe emissions, which would require dramatically more electric vehicles, saying it would harm the economy and burden the electrical …

3 07, 2023

SiriusPoint Completes $1.3B Reinsurance Loss Portfolio Transfer With Compre

By | July 3rd, 2023|Uncategorized|Comments Off on SiriusPoint Completes $1.3B Reinsurance Loss Portfolio Transfer With Compre

SiriusPoint Ltd., the Bermuda-based re/insurer, announced it has completed a ground-up loss portfolio transfer (LPT) of a portfolio of primarily reinsurance business with the legacy acquisition specialist Compre. This is the second LPT the companies have partnered on. Compre assumed …

6 07, 2023

US Labor Agency Sues Starbucks Over Treatment of Seattle Workers

By | July 6th, 2023|Uncategorized|Comments Off on US Labor Agency Sues Starbucks Over Treatment of Seattle Workers

The National Labor Relations Board on Thursday sued Starbucks SBUX.O over the coffee chain’s refusal to rehire 33 workers as it reorganized three downtown Seattle stores, including its flagship store in Pike Place Market. In a petition filed in Seattle …

3 07, 2023

People Moves: Liberty Mutual Promotes Johnson From Ironshore; Federer Named CEO Fusion Specialty N.A.

By | July 3rd, 2023|Uncategorized|Comments Off on People Moves: Liberty Mutual Promotes Johnson From Ironshore; Federer Named CEO Fusion Specialty N.A.

Liberty Mutual Names Johnson President of Field Operations & Marketing, Global Risk Solutions North America Liberty Mutual Insurance, based in Boston, Mass., appointed Ben Johnson as president of field operations & marketing, Global Risk Solutions (GRS) North America, effective July …

7 07, 2023

Higginbotham Acquires Cress Insurance Group in New Mexico

By | July 7th, 2023|Uncategorized|Comments Off on Higginbotham Acquires Cress Insurance Group in New Mexico

Higginbotham has acquired Cress Insurance Group in Albuquerque, New Mexico. Higginbotham and Cress Insurance Group will come together to enhance service to the group’s 2,500 clients and serve a broader customer base in New Mexico. Higginbotham gave the title of …

3 07, 2023

Guy Carpenter Completes Acquisition of Re Solutions in Israel

By | July 3rd, 2023|Uncategorized|Comments Off on Guy Carpenter Completes Acquisition of Re Solutions in Israel

Guy Carpenter, the reinsurance business of Marsh McLennan, announced it had completed its previously announced acquisition of Re Solutions, the leading independent reinsurance broker in Israel. Terms of the transaction were not disclosed. With immediate effect Re Solutions has become …

7 07, 2023

California Insurance Broker Arraigned for Allegedly Stealing from Small Businesses

By | July 7th, 2023|Uncategorized|Comments Off on California Insurance Broker Arraigned for Allegedly Stealing from Small Businesses

Brian Keith Arteaga, 39, of Placentia, California, was arraigned this week on multiple felony counts of grand theft by embezzlement, theft of fiduciary funds, insurance fraud, and money laundering after a California Department of Insurance investigation found he allegedly stole …

3 07, 2023

Fox Corp Settles Lawsuit With fired Former Producer for $12M

By | July 3rd, 2023|Uncategorized|Comments Off on Fox Corp Settles Lawsuit With fired Former Producer for $12M

Fox Corp settled for $12 million a lawsuit by former Fox News producer Abby Grossberg, who had claimed gender discrimination and accused the network’s lawyers of pressuring her to make misleading statements in the Dominion Voting Systems case, her lawyer …