News Archives - Insurance Journal

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7 11, 2022

Brazil’s BB Seguridade Raises Full-Year Forecasts as Q3 Profit Jumps 69%

By | November 7th, 2022|Uncategorized|Comments Off on Brazil’s BB Seguridade Raises Full-Year Forecasts as Q3 Profit Jumps 69%

Brazilian insurer BB Seguridade Participacoes SA raised some full-year forecasts on Monday after reporting a 69% jump in third quarter profit on the back of a strong commercial performance in insurance, pension plans and premium bonds. BB Seguridade, which is …

7 11, 2022

Allstate in Talks to Return Headquarters to Chicago From Suburbs

By | November 7th, 2022|Uncategorized|Comments Off on Allstate in Talks to Return Headquarters to Chicago From Suburbs

Allstate Corp. is in talks about moving its headquarters to Chicago after selling the majority of its suburban campus earlier this year, potentially returning to a city that it quit decades ago. The insurer has held discussions with Chicago officials …

7 11, 2022

Cheerleading Company Denies Abuse Involvement, Hires Big Gun Attorney

By | November 7th, 2022|Uncategorized|Comments Off on Cheerleading Company Denies Abuse Involvement, Hires Big Gun Attorney

The American cheerleading company behind the sport’s top uniforms, camps and competitions is vehemently denying accusations that the enterprise helped facilitate alleged sexual abuse at gyms across the Southeast outlined in a series of federal lawsuits, and has hired a …

7 11, 2022

Two Families Settle with PacifiCorp in Oregon Over Fire

By | November 7th, 2022|Uncategorized|Comments Off on Two Families Settle with PacifiCorp in Oregon Over Fire

Electric company PacifiCorp has entered a settlement with two families who were victims of the catastrophic Labor Day fires in southern Oregon in 2020, according to attorneys representing the families, the Oregonian reports. The confidential settlement avoids a jury trial …

7 11, 2022

Investigators Say Car Was Buried in California in Insurance Fraud Scheme

By | November 7th, 2022|Uncategorized|Comments Off on Investigators Say Car Was Buried in California in Insurance Fraud Scheme

A car was buried in the backyard of a Northern California mansion 30 years ago as part of a scheme to commit insurance fraud, authorities said Thursday. The convertible Mercedes was discovered last month by landscapers in the affluent town …

7 11, 2022

Berkshire: Negative Q3 Insurance Results Due to Catastrophe, Auto Losses

By | November 7th, 2022|Uncategorized|Comments Off on Berkshire: Negative Q3 Insurance Results Due to Catastrophe, Auto Losses

Berkshire Hathaway’s insurance business recorded an after-tax underwriting loss of $962 million (a pre-tax loss of $1.15 billion) in the third quarter, a decrease of $178 million from 2021, as catastrophe losses and increases in private-passenger auto frequency offset underlying …

7 11, 2022

U.S. Supreme Court Considers Making Challenges to FTC, SEC Easier

By | November 7th, 2022|Uncategorized|Comments Off on U.S. Supreme Court Considers Making Challenges to FTC, SEC Easier

The U.S. Supreme Court is set on Monday to hear arguments in two cases that could make it easier to challenge the regulatory power of federal agencies in disputes involving the Federal Trade Commission and the Securities and Exchange Commission. …

7 11, 2022

Gabby Petito’s Family Files Wrongful Death Suit in Utah

By | November 7th, 2022|Uncategorized|Comments Off on Gabby Petito’s Family Files Wrongful Death Suit in Utah

Family members of a 22-year-old woman whose boyfriend admitted to killing her last year have filed a wrongful death suit against the Moab Police Department, claiming their negligence led to her death weeks later. The lawsuit is the latest development …

7 11, 2022

$17M to Settle New Mexico Gender Pay Lawsuit

By | November 7th, 2022|Uncategorized|Comments Off on $17M to Settle New Mexico Gender Pay Lawsuit

Hundreds of female city employees are anticipating back payment from the City of Albuquerque, New Mexico, to make up for a wage gap going back years. KOB-TV reported that a judge is expected to sign off on the $17 million …

7 11, 2022

COP27 Kicks Off With Deal to Discuss Compensating Poor Nations for Global Warming

By | November 7th, 2022|Uncategorized|Comments Off on COP27 Kicks Off With Deal to Discuss Compensating Poor Nations for Global Warming

Delegates from nearly 200 countries kicked off the U.N. climate summit in Egypt on Sunday with an agreement to discuss compensating poor nations for mounting damage linked to global warming, placing the controversial topic on the agenda for the first …