News Archives - Insurance Journal

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27 05, 2022

Lawsuit: 13-Year-Old’s Hands Up When Shot by Chicago Officer

By | May 27th, 2022|Uncategorized|Comments Off on Lawsuit: 13-Year-Old’s Hands Up When Shot by Chicago Officer

A 13-year-old boy shot in the back by a Chicago police officer was unarmed and had his arms raised to surrender when he was hit by the bullet, according to a lawsuit filed Thursday, saying the incident illustrates deeply flawed …

27 05, 2022

Recreational Marijuana Validated for Ballot in South Dakota

By | May 27th, 2022|Uncategorized|Comments Off on Recreational Marijuana Validated for Ballot in South Dakota

South Dakota voters are set to vote again on whether they want recreational marijuana legalized for adults after the secretary of state on Wednesday validated the initiated measure for the November ballot. Secretary of State Steve Barnett announced that a …

27 05, 2022

McDonald’s Investors Demand Civil Rights Audit in Close Vote

By | May 27th, 2022|Uncategorized|Comments Off on McDonald’s Investors Demand Civil Rights Audit in Close Vote

McDonald’s Corp. investors voted in favor of a proposal calling for an independent civil-rights audit, going against the company’s recommendation, according to preliminary vote totals viewed by Bloomberg. The fast-food chain joins the ranks of other large businesses facing a …

24 05, 2022

WTW Launches Cyber Coverage for Ports and Terminals

By | May 24th, 2022|Uncategorized|Comments Off on WTW Launches Cyber Coverage for Ports and Terminals

Insurance broker WTW has launched specialist cyber coverage for ports and terminals, called CyNav. Designed to address the specific cyber threats faced by port and terminal owners and operators, CyNav provides both flexible and tailored cover for business interruption losses …

24 05, 2022

Credit Agricole Italy Weighs Investing in Banco BPM’s Insurance Business

By | May 24th, 2022|Uncategorized|Comments Off on Credit Agricole Italy Weighs Investing in Banco BPM’s Insurance Business

Credit Agricole Italy is interested in investing in the insurance activities of Banco BPM, the French banking group’s Italy head said on Monday. Banco BPM has exercised a call option to gain full ownership of its insurance joint-venture with France’s …

24 05, 2022

People Moves: Alliant Hires Johnson in Missouri; Gregory & Appel Names Kennedy COO

By | May 24th, 2022|Uncategorized|Comments Off on People Moves: Alliant Hires Johnson in Missouri; Gregory & Appel Names Kennedy COO

Alliant Insurance Services Hires Hunter Johnson Alliant Insurance Services hired Hunter Johnson as vice president, growing its presence in the Midwest region. Based in Springfield, Missouri, Johnson will deploy his broad expertise in workers’ compensation, alternative risk financing, and complex …

24 05, 2022

Ransomware Attack Exposed Data of More Than 500,000 Chicago Students, Staff

By | May 24th, 2022|Uncategorized|Comments Off on Ransomware Attack Exposed Data of More Than 500,000 Chicago Students, Staff

The personal information of more than half a million Chicago Public Schools students and staff was compromised in a ransomware attack last December, but the vendor didn’t report it to the district until last month, officials said. The data breach …

24 05, 2022

Munich Re Issues Green Bond in U.S. Market

By | May 24th, 2022|Uncategorized|Comments Off on Munich Re Issues Green Bond in U.S. Market

Following its successful placement of green bonds in 2020 and 2021, Munich Re has successfully placed its first green subordinated bond in a private placement to qualified institutional buyers in the U.S. market. By issuing this bond in the globally …

24 05, 2022

Illinois Contractor Fined $378,000 for Exposing Workers to Deadly Fall Hazards

By | May 24th, 2022|Uncategorized|Comments Off on Illinois Contractor Fined $378,000 for Exposing Workers to Deadly Fall Hazards

A Roselle, Illinois contractor’s history of violating federal safety standards and ignoring safety citations and penalties – and a willingness to expose its workers to serious injuries or worse – continues, as federal inspectors found during their Nov. 8, 2021, …

24 05, 2022

MS Amlin Partners With Insurtech Altelium to Offer Cover for Battery Energy Storage

By | May 24th, 2022|Uncategorized|Comments Off on MS Amlin Partners With Insurtech Altelium to Offer Cover for Battery Energy Storage

MS Amlin Underwriting Ltd. (MS AUL), the Lloyd’s re/insurer, announced a partnership with insurtech Altelium to offer a construction all-risk and operational all-risk insurance solution for battery energy storage systems (BESS), as part of its commitment to supporting sustainability. Altelium …