News Archives - Insurance Journal

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14 02, 2023

New Mexico State Cancels Season After Sex, Harassment Allegations

By | February 14th, 2023|Uncategorized|Comments Off on New Mexico State Cancels Season After Sex, Harassment Allegations

New Mexico State called off the rest of its men’s basketball season Sunday after reviewing a police report that cited three players for false imprisonment, harassment and counts of criminal sexual contact against a teammate. In a statement, chancellor Dan …

3 02, 2023

Global Commercial Insurance Rates Rise 4% in Q4, Continuing Moderating Trend

By | February 3rd, 2023|Uncategorized|Comments Off on Global Commercial Insurance Rates Rise 4% in Q4, Continuing Moderating Trend

Global commercial insurance prices increased 4% in the fourth quarter of 2022, down from a 6% increase in Q3 and a 9% increase in Q2, which is a continuation of a trend of moderating increases that began in Q1 2021, …

3 02, 2023

Judge Allows New Jersey Town’s Suit to Recover $21M Spent on Beach Restoration

By | February 3rd, 2023|Uncategorized|Comments Off on Judge Allows New Jersey Town’s Suit to Recover $21M Spent on Beach Restoration

A New Jersey beach town that defied state environmental authorities and fixed its dunes that were seriously eroded by a storm can proceed with a lawsuit seeking to recover $21 million it spent bulking up its shoreline, but cannot build …

3 02, 2023

Mississippi Pet Insurance Bill Fur Real This Time, Senators Say

By | February 3rd, 2023|Uncategorized|Comments Off on Mississippi Pet Insurance Bill Fur Real This Time, Senators Say

More Mississippi dogs, cats, reptiles and birds may soon be insured against costly medical bills thanks to legislation that passed in the state Senate Wednesday. Senate Bill 2228, by Sen. Walter Michel, a Republican from Ridgeland, would create “a comprehensive …

3 02, 2023

Kentucky Tornado Relief Payments Come Under Scrutiny

By | February 3rd, 2023|Uncategorized|Comments Off on Kentucky Tornado Relief Payments Come Under Scrutiny

Some people unaffected by tornadoes that ravaged Kentucky in late 2021 were mistakenly sent payments from a relief fund funneling private donations into the region, the state treasurer’s office said Wednesday. State Treasurer Allison Ball’s office said it canceled payment …

3 02, 2023

Westfield Completes Acquisition of Lloyd’s of London Syndicate 1200

By | February 3rd, 2023|Uncategorized|Comments Off on Westfield Completes Acquisition of Lloyd’s of London Syndicate 1200

Westfield has completed the acquisition of Lloyd’s of London Syndicate 1200 from Argo Group International Holdings Ltd. for about $125 million. The deal was first announced in September 2022. Westfield said this strategic acquisition establishes the company as a global …

3 02, 2023

Ransomware Attack Closes Nantucket Schools

By | February 3rd, 2023|Uncategorized|Comments Off on Ransomware Attack Closes Nantucket Schools

Public schools on the Massachusetts island of Nantucket remained closed on Wednesday a day after a ransomware attack targeted the district’s computer system and prompted officials to send students home early. “Together with outside data security experts, our Information Technology …

3 02, 2023

Amwins Global Risks Acquires UK Broker Roberts Armytage & Partners

By | February 3rd, 2023|Uncategorized|Comments Off on Amwins Global Risks Acquires UK Broker Roberts Armytage & Partners

Amwins Global Risks, the London-based international arm of global specialty insurance broker Amwins, announced the acquisition of Roberts Armytage & Partners (RAP), the specialist, energy and marine-focused London broker. Financial details of the transaction were not disclosed. As the energy …

3 02, 2023

Airbus and Qatar Airways Settle Bitter Dispute Over Grounded A350 Jets

By | February 3rd, 2023|Uncategorized|Comments Off on Airbus and Qatar Airways Settle Bitter Dispute Over Grounded A350 Jets

Airbus and Qatar Airways have settled a dispute over grounded A350 jets, the companies said on Wednesday, averting a potentially damaging UK court trial after a blistering 18-month feud that tore the lid off the global jet market. The “amicable …

3 02, 2023

Crypto Thefts Hit Record $3.8B in 2022 on Surge in North Korea Hacking: Report

By | February 3rd, 2023|Uncategorized|Comments Off on Crypto Thefts Hit Record $3.8B in 2022 on Surge in North Korea Hacking: Report

Thieves stole a record $3.8 billion worth of cryptocurrency in 2022 as sanctions on North Korea drove a surge in suspected hacking by the Asian nation. Overall crypto losses increased from $3.3 billion stolen in 2021, blockchain analysis firm Chainalysis …