News Archives - Insurance Journal

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23 03, 2022

Detroit Reaches $7.5 Million Settlement in Wrongful Conviction Suit

By | March 23rd, 2022|Uncategorized|Comments Off on Detroit Reaches $7.5 Million Settlement in Wrongful Conviction Suit

The city of Detroit has reached a $7.5 million settlement with a man who entered prison as a teenager and spent eight years there before a prosecutor agreed to drop four murder convictions. Davontae Sanford was just 15 when he …

23 03, 2022

Russia Offers to Compensate Foreign Lessors of Commandeered Jets

By | March 23rd, 2022|Uncategorized|Comments Off on Russia Offers to Compensate Foreign Lessors of Commandeered Jets

Russia offered to compensate owners of jets commandeered by the country, a bid to smooth relations with leasing companies that stand to lose billions of dollars on rented aircraft they can’t get back. Authorities in Moscow are seeking ways to …

23 03, 2022

European Union Lawmakers Agree to Force Foreign Firms to Comply With ESG Rules

By | March 23rd, 2022|Uncategorized|Comments Off on European Union Lawmakers Agree to Force Foreign Firms to Comply With ESG Rules

European lawmakers have agreed to force roughly 28,000 foreign subsidiaries to comply with the bloc’s ESG rules, marking a blow to representatives for U.S. corporations who had lobbied for the opposite outcome. In a wide-reaching revamp of the EU’s reporting …

23 03, 2022

One of Two Flight Recorders Located From China Eastern Plane Crash

By | March 23rd, 2022|Uncategorized|Comments Off on One of Two Flight Recorders Located From China Eastern Plane Crash

One of the two flight recorders from the China Eastern Airlines Corp. aircraft that crashed Monday afternoon has been found and officials released details about the pilots flying the plane, saying all three had current licenses, valid health certificates and …

23 03, 2022

Acrisure Acquires MGA Platform Volante Global From Markel’s Nephila

By | March 23rd, 2022|Uncategorized|Comments Off on Acrisure Acquires MGA Platform Volante Global From Markel’s Nephila

Acrisure, the Grand Rapids, Mich.-based financial services and insurance brokerage firm, announced it is acquiring Volante Global, a multi-class, multi-territory international managing general agent (MGA). Headquartered in London with a presence in seven countries, Volante provides niche, specialist re/insurance products …

23 03, 2022

Two South Florida Construction Workers Crushed by Concrete Wall

By | March 23rd, 2022|Uncategorized|Comments Off on Two South Florida Construction Workers Crushed by Concrete Wall

Two construction workers in Boynton Beach were killed Tuesday when a concrete wall they were installing fell and crushed them. One local TV news station said the fatalities happened when a construction crane collapsed at the Riverwalk Plaza, but other …

23 03, 2022

GameStop Sued by BCG Over $30 Million Bill to Fix Company

By | March 23rd, 2022|Uncategorized|Comments Off on GameStop Sued by BCG Over $30 Million Bill to Fix Company

GameStop Corp.’s stockholders may be enjoying the biggest rally of the year, but not everyone is happy. Boston Consulting Group claims it hasn’t been paid about $30 million in fees for its work “setting the company on a more sustainable …

23 03, 2022

Authentication Firm Okta Says Up to 366 Customers Potentially Hit by Hack

By | March 23rd, 2022|Uncategorized|Comments Off on Authentication Firm Okta Says Up to 366 Customers Potentially Hit by Hack

Shares in Okta Inc fell 9% on Wednesday after the U.S. digital authentication firm said hundreds of its customers may have been affected by a security breach involving hacking group Lapsus$. The breach sparked concern as the cyber extortion gang …

23 03, 2022

Crews Make Progress in Containing Texas Wildfire

By | March 23rd, 2022|Uncategorized|Comments Off on Crews Make Progress in Containing Texas Wildfire

Firefighting crews were making progress containing a massive Texas wildfire that was blamed for last week’s death of a deputy, officials said. The Eastland Complex has burned about 85 square miles (220 square kilometers) since a series of fires broke …

23 03, 2022

Arthur J. Gallagher & Co. Acquires Missouri’s Commercial Insurance Underwriters

By | March 23rd, 2022|Uncategorized|Comments Off on Arthur J. Gallagher & Co. Acquires Missouri’s Commercial Insurance Underwriters

Arthur J. Gallagher & Co. announced the acquisition of Springfield, Missouri-based Commercial Insurance Underwriters, Inc. (CIU). Terms of the transaction were not disclosed. Founded in 1984, CIU is a surplus lines agency offering commercial, personal and professional lines coverages for …