News Archives - Insurance Journal

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19 05, 2022

Texas Division of Workers’ Comp Adopts Income Benefits Form

By | May 19th, 2022|Uncategorized|Comments Off on Texas Division of Workers’ Comp Adopts Income Benefits Form

The Texas Department of Insurance, Division of Workers’ Compensation (DWC) said it has adopted a new form: DWC Form-033, Request to Reduce Income Benefits Due to Contribution (DWC Form-033), effective immediately. The DWC said the adoption of the form is …

19 05, 2022

Texas Man Sentenced for Hotel Investment Fraud Scheme

By | May 19th, 2022|Uncategorized|Comments Off on Texas Man Sentenced for Hotel Investment Fraud Scheme

An Austin, Texas man was sentenced to 70 months in prison and ordered to pay $5,052,366.92 in restitution for his role in a fraud scheme. According to court documents, from 2012 until June 2018, Jason Michael Schubert, 47, devised a …

19 05, 2022

Hungary Eyes Boosting Domestic Ownership in Sectors Such as Insurance

By | May 19th, 2022|Uncategorized|Comments Off on Hungary Eyes Boosting Domestic Ownership in Sectors Such as Insurance

Hungary should boost domestic ownership in more key sectors in addition to banking, media and energy, a cabinet minister-designate said on Wednesday, signaling more pressure on foreign companies to scale back their presence in the country. Prime Minister Viktor Orban, …

19 05, 2022

Timeline of Key Events in Collapse of Allianz’s Structured Alpha Funds

By | May 19th, 2022|Uncategorized|Comments Off on Timeline of Key Events in Collapse of Allianz’s Structured Alpha Funds

Germany’s Allianz has agreed to pay about $6 billion and its U.S. asset management unit will plead guilty to fraud after a group of its multibillion investment funds collapsed amid market turmoil triggered by the coronavirus pandemic in 2020. Here …

19 05, 2022

Generali Q1 Net Profit Beats Forecasts, Despite Russia Impairments

By | May 19th, 2022|Uncategorized|Comments Off on Generali Q1 Net Profit Beats Forecasts, Despite Russia Impairments

Assicurazioni Generali beat expectations in the first quarter even as impairments on Russia drove net profit lower, a boost for CEO Philippe Donnet who last month won a shareholder battle to keep his job for another three years. Italy’s biggest …

19 05, 2022

Investment Firm Brookfield to Buy UK Repair Site HomeServe for £4.1B

By | May 19th, 2022|Uncategorized|Comments Off on Investment Firm Brookfield to Buy UK Repair Site HomeServe for £4.1B

Brookfield Asset Management Inc. agreed to buy emergency household repairs provider HomeServe Plc in a deal valuing the company at £4.1 billion ($5 billion), one of the UK’s largest take-private transactions this year. Investors will get 1,200 pence for each …

19 05, 2022

Global Broking Network Brokerslink Adds First Tech Firms as Members

By | May 19th, 2022|Uncategorized|Comments Off on Global Broking Network Brokerslink Adds First Tech Firms as Members

Brokerslink has added six technology firms as members – the first non-broking or risk consulting firms to join the global network since its creation in 2004. These “B.tech affiliates” signal the network’s intent to enter a new era of digitalization, …

19 05, 2022

Rhode Island Lawmakers Revise Recreational Marijuana Bill Ahead of Next Week’s Votes

By | May 19th, 2022|Uncategorized|Comments Off on Rhode Island Lawmakers Revise Recreational Marijuana Bill Ahead of Next Week’s Votes

Rhode Island lawmakers unveiled changes Tuesday to a bill to legalize and regulate recreational marijuana, revisions that aim to ensure the legislation passes the state’s General Assembly. The amended bill was released Tuesday in advance of committee votes scheduled for …

19 05, 2022

Investigation Underway Into Massachusetts Apartment Building Fire That Took 4 Lives

By | May 19th, 2022|Uncategorized|Comments Off on Investigation Underway Into Massachusetts Apartment Building Fire That Took 4 Lives

WORCESTER, Mass. (AP) —The number of people who died in a fire at a Massachusetts apartment building last weekend has climbed to four with the discovery of two more bodies on Monday, fire officials said. The search of the three-story, …

19 05, 2022

Delaware Governor Signs Paid Family, Medical Leave Law

By | May 19th, 2022|Uncategorized|Comments Off on Delaware Governor Signs Paid Family, Medical Leave Law

Delaware Governor John Carney has signed legislation creating a statewide paid family and medical leave insurance program. Under the new law, eligible Delaware workers can get up to 12 weeks of paid leave to address a worker’s own or family …