News Archives - Insurance Journal

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13 03, 2023

California Business Owner and Conspirator Sentenced in $54M Workers’ Comp

By | March 13th, 2023|Uncategorized|Comments Off on California Business Owner and Conspirator Sentenced in $54M Workers’ Comp

Wesley Owens, 54, of Atlanta, Georgia, and Beau Wilson, 38, also of Atlanta, pleaded no contest to multiple felony counts of insurance fraud and conspiracy in Los Angeles Superior Court over charges filed after a California Department of Insurance investigation …

13 03, 2023

Crash Test Dummies Need to Do Better: GAO

By | March 13th, 2023|Uncategorized|Comments Off on Crash Test Dummies Need to Do Better: GAO

A recent report from the Government Accountability Office recommended the National Highway Traffic Safety Administration rethink crash test dummies in order to collect better data on more types of people. The investigative arm of Congress that examines the use of …

13 03, 2023

U.S. Judge Rules Against Google, Keeps DOJ Advertising Case in Virginia

By | March 13th, 2023|Uncategorized|Comments Off on U.S. Judge Rules Against Google, Keeps DOJ Advertising Case in Virginia

A U.S. federal judge on Friday rejected a bid by Alphabet Inc’s Google to move a Justice Department lawsuit against it over dominance in advertising technology from Virginia to New York. “I am going to rule against you,” Judge Leonie …

13 03, 2023

A Major Bank Failed. Here’s Why It’s Not 2008 Again

By | March 13th, 2023|Uncategorized|Comments Off on A Major Bank Failed. Here’s Why It’s Not 2008 Again

The financial institution best known for its relationships with high-flying world technology startups and venture capital, Silicon Valley Bank, experienced one of the oldest problems in banking – a bank run – which led to its failure on Friday. Its …

13 03, 2023

U.S. Chamber of Commerce Calls for AI Regulation

By | March 13th, 2023|Uncategorized|Comments Off on U.S. Chamber of Commerce Calls for AI Regulation

The U.S. Chamber of Commerce on Thursday called for regulation of artificial intelligence technology to ensure it does not hurt growth or become a national security risk, a departure from the business lobbying group’s typical anti-regulatory stance. While there is …

13 03, 2023

Hong Kong’s FWD to File Again for IPO Application: Sources

By | March 13th, 2023|Uncategorized|Comments Off on Hong Kong’s FWD to File Again for IPO Application: Sources

FWD Group Holdings Ltd., the pan-Asian insurance company owned by Hong Kong billionaire Richard Li, is planning to file for a third time for an initial public offering in the financial hub, according to people familiar with the matter. The …

9 03, 2023

Oklahoma Voters Reject Legalization of Recreational Marijuana

By | March 9th, 2023|Uncategorized|Comments Off on Oklahoma Voters Reject Legalization of Recreational Marijuana

OKLAHOMA CITY (AP) – Oklahoma voters on Tuesday rejected the legalization of recreational marijuana, following a late blitz of opposition from faith leaders, law enforcement and prosecutors. Oklahoma would have become the 22nd state to legalize adult use of cannabis …

9 03, 2023

Ohio Dollar General Operator Fined $254K for Repeat Safety Violations

By | March 9th, 2023|Uncategorized|Comments Off on Ohio Dollar General Operator Fined $254K for Repeat Safety Violations

Alerted by the concerns of the West Chester Township Fire Department in Ohio, workplace safety inspectors with the U.S. Department of Labor discovered exit routes, doors and fire extinguishers blocked at a Dollar General store on Princeton Glendale Road in …

9 03, 2023

Aviva CEO Says Demand for Private Healthcare Rising on NHS Woes

By | March 9th, 2023|Uncategorized|Comments Off on Aviva CEO Says Demand for Private Healthcare Rising on NHS Woes

UK insurer Aviva Plc said it is seeing increased demand for private health insurance because of the strains the National Health Service has experienced since the pandemic. “Health insurance sales were up 15% and we expect that to continue as …

9 03, 2023

Russian Cyberwar Against Ukraine Stumbles, Just Like Conventional One

By | March 9th, 2023|Uncategorized|Comments Off on Russian Cyberwar Against Ukraine Stumbles, Just Like Conventional One

Even before Russia invaded Ukraine, its hacking offensive was well under way. Suspected Russian hackers targeted Ukrainian government and financial websites with so-called distributed denial-of-service attacks aimed at creating chaos; they bombarded government, nonprofit and IT organizations with malicious software …