News Archives - Insurance Journal

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23 11, 2022

Ohio Dollar General Operator to Pay $341K in OSHA Penalties

By | November 23rd, 2022|Uncategorized|Comments Off on Ohio Dollar General Operator to Pay $341K in OSHA Penalties

When federal workplace safety inspectors opened an investigation at a Dollar General store in Columbus, they discovered violations that were all-too-familiar and the kind that has led to more than $15 million in proposed penalties since 2017 for one of …

23 11, 2022

Liberty Mutual Explores $1 Billion Sale of Europe Businesses

By | November 23rd, 2022|Uncategorized|Comments Off on Liberty Mutual Explores $1 Billion Sale of Europe Businesses

Liberty Mutual Holding Co. is exploring a sale of its businesses in Spain, Portugal and Ireland, according to people familiar with the matter, joining other American insurers retreating from the region. The US insurer is working with Bank of America …

23 11, 2022

Agency Partnerships: SAN Group Adds Woodland Agency of Massachusetts; Vermont’s Barrett Agency Joins Renaissance

By | November 23rd, 2022|Uncategorized|Comments Off on Agency Partnerships: SAN Group Adds Woodland Agency of Massachusetts; Vermont’s Barrett Agency Joins Renaissance

Independent insurance agency alliance Satellite Agency Network (SAN) Group, Inc. recently announced the addition of Woodland Insurance Agency of Hanson, Massachusetts to its network. Founded nearly 40 years ago, Woodland Insurance is an independently owned insurance agency offering home, auto, …

23 11, 2022

FTX Was Run as ‘Personal Fiefdom,’ Faces Hacks and Missing Assets: Attorneys

By | November 23rd, 2022|Uncategorized|Comments Off on FTX Was Run as ‘Personal Fiefdom,’ Faces Hacks and Missing Assets: Attorneys

FTX was run as a “personal fiefdom” of former CEO Sam Bankman-Fried, attorneys for the collapsed crypto exchange said in its first bankruptcy hearing as they detailed ongoing challenges such as hacks and substantial missing assets. In the highest-profile crypto …

7 11, 2022

NBA’s Spurs Sued by Ex-Team Psychologist for Sexual Misconduct

By | November 7th, 2022|Uncategorized|Comments Off on NBA’s Spurs Sued by Ex-Team Psychologist for Sexual Misconduct

Police have begun investigating allegations that former San Antonio Spurs guard Joshua Primo exposed himself on multiple occasions to a former team therapist during counseling sessions. Dr. Hillary Cauthen filed a lawsuit against the Spurs and Primo, claiming the 19-year-old …

7 11, 2022

Deadly Tornadoes Hit Texas and Oklahoma, Flatten Buildings

By | November 7th, 2022|Uncategorized|Comments Off on Deadly Tornadoes Hit Texas and Oklahoma, Flatten Buildings

Residents in southeastern Oklahoma and northeastern Texas began assessing weather damage Saturday, working to recover and thankful to have survived after a storm stretching from Dallas to northwest Arkansas spawned tornadoes and produced flash flooding, killing at least one, injuring …

7 11, 2022

Cyber Attack on Australian Insurer Medibank Far Bigger Than Initially Thought

By | November 7th, 2022|Uncategorized|Comments Off on Cyber Attack on Australian Insurer Medibank Far Bigger Than Initially Thought

A hack on an Australian health insurer appears to be far larger than initially suspected, with the company saying it will refuse to pay a ransom for the theft of data. The attack on Medibank Private Ltd. exposed the data …

7 11, 2022

Tanzanian Plane Crashes Into Africa’s Lake Victoria, Killing 19

By | November 7th, 2022|Uncategorized|Comments Off on Tanzanian Plane Crashes Into Africa’s Lake Victoria, Killing 19

Nineteen people died after a passenger plane crashed into Africa’s largest lake on approach to an airport in northwestern Tanzania, Radio One cited Prime Minister Kassim Majaliwa as saying. The ATR turboprop aircraft was carrying 39 passengers from Tanzania’s commercial …

7 11, 2022

Online Startup Waada Buys Rival to Become Pakistan’s Largest Insurtech

By | November 7th, 2022|Uncategorized|Comments Off on Online Startup Waada Buys Rival to Become Pakistan’s Largest Insurtech

Pakistani online insurance startup Waada acquired a local rival to create the South Asian nation’s largest player in the field, seeking to benefit from growth in the burgeoning market. The Karachi-based company took over MicroEnsure Pakistan, a unit of MIC …

7 11, 2022

Inflation, Debt Crisis, Cost of Living Pose Top Business Risks in G20 Nations: Survey

By | November 7th, 2022|Uncategorized|Comments Off on Inflation, Debt Crisis, Cost of Living Pose Top Business Risks in G20 Nations: Survey

Runaway inflation, an unfolding debt crisis and cost-of-living problems pose the biggest threats to doing business for G20 countries in the next two years, data from the World Economic Forum showed on Monday. Inflation has surged to levels not seen …