News Archives - Insurance Journal

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14 04, 2022

Relation Insurance Grows in East, Acquiring Ex-Nationwide Agency in Connecticut

By | April 14th, 2022|Uncategorized|Comments Off on Relation Insurance Grows in East, Acquiring Ex-Nationwide Agency in Connecticut

California-based national agency Relation Insurance Services reports it has acquired the assets of Guilford, Connecticut-based Yerkes-Stephens Insurance. Yerkes-Stephens was previously part of Nationwide Mutual Insurance Co.’s exclusive distribution network. Terms of the transaction were not disclosed. Yerkes-Stephens provides personal and …

14 04, 2022

Cyber Premiums Rapidly Grew 74% in 2021: Fitch

By | April 14th, 2022|Uncategorized|Comments Off on Cyber Premiums Rapidly Grew 74% in 2021: Fitch

According to estimates by Fitch Ratings, direct written premiums (DWP) for standalone and packaged cyber insurance increased 74% to nearly $5 billion in 2021 compared with overall growth for the property casualty industry of 9%, making cyber insurance the fastest …

14 04, 2022

Judge Finds Tesla Liable to Black Former Worker Who Alleged Bias, but Slashes Payout

By | April 14th, 2022|Uncategorized|Comments Off on Judge Finds Tesla Liable to Black Former Worker Who Alleged Bias, but Slashes Payout

A federal judge said on Wednesday Tesla Inc. was liable to a Black elevator operator who said the electric car company ignored racial abuse at the factory where he worked, but reduced a nearly $137 million jury award to $15 …

14 04, 2022

23 Injured in Texas Storms; More Tornadoes Forecast in US

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Nearly two dozen people were injured when tornadoes swept through central Texas as part of a storm system that was expected to spawn more twisters and damaging winds Wednesday. The storms caused widespread damage Tuesday in Salado, about 50 miles …

14 04, 2022

Arkansas Sues Hospital for Failing to Protect Sensitive Patient Information

By | April 14th, 2022|Uncategorized|Comments Off on Arkansas Sues Hospital for Failing to Protect Sensitive Patient Information

Arkansas Attorney General Leslie Rutledge announced last month a lawsuit against. Eastern Ozarks Regional Health System for failing to protect sensitive patient information, both person and medical, after the hospital closed. The suit alleges that the former Cherokee Village hospital …

14 04, 2022

Wisconsin Manufacturer Cited After Worker Injured by Machine

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An employee working at Crystal Finishing Systems Inc.’s aluminum extrusion facility in Weston, Wisconsin was hospitalized with serious injuries after being struck by a puller machine while trying to unjam a piece of aluminum. The U.S. Department of Labor’s Occupational …

14 04, 2022

Blizzard in North Dakota, Possible Tornado in SE Minnesota

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A possible tornado tore up a small Minnesota town and a blizzard forced the closure of the North Dakota Capitol, schools and roads, as spring storms wreaked havoc across the Upper Midwest. The National Weather Service said the unconfirmed tornado …

14 04, 2022

Tornado Confirmed in North-Central Iowa

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A tornado hit near Gilmore City in rural north-central Iowa as a strong line of storms moved across the state overnight, the National Weather Service confirmed Wednesday. The tornado was confirmed by a trained spotter southwest of the small town …

12 04, 2022

Climate Change Protesters Disrupt Lloyd’s Headquarters

By | April 12th, 2022|Uncategorized|Comments Off on Climate Change Protesters Disrupt Lloyd’s Headquarters

Climate change protesters in London have targeted insurance underwriting house Lloyd’s of London for its role in enabling fossil fuel projects. The City of London Police said they were aware of protests at London’s Liverpool Street Station and the Lloyd’s …

12 04, 2022

Walgreens Flooded Florida with Opioids, State Lawyer Tells Jury

By | April 12th, 2022|Uncategorized|Comments Off on Walgreens Flooded Florida with Opioids, State Lawyer Tells Jury

Walgreens Boots Alliance Inc. supplied billions of opioid pills to drug addicts and criminals, contributing to an addiction epidemic in Florida, a lawyer for the state said Monday in a civil trial against the pharmacy chain. Walgreens filled one in …