News Archives - Insurance Journal

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14 02, 2022

UK Fintech Vitesse Raises $26M With Participation From Hannover Digital Investments

By | February 14th, 2022|Uncategorized|Comments Off on UK Fintech Vitesse Raises $26M With Participation From Hannover Digital Investments

Vitesse PSP, the London-based fintech that specializes in digital solutions for global payments and counts numerous insurers among its customers, announced it has raised $26 million in Series B funding. The Series B funding, which was led by Prime Ventures, …

14 02, 2022

Judge Blocks Biden Order on Calculating Climate Risks in Government Decisions

By | February 14th, 2022|Uncategorized|Comments Off on Judge Blocks Biden Order on Calculating Climate Risks in Government Decisions

A federal judge on Friday blocked for now the Biden administration from restoring Obama-era values for calculating the cost of climate change in the government’s permitting, investment and regulatory decisions. The preliminary ruling by a U.S. District Court judge in …

14 02, 2022

Florida OIR to Hold Workshop on Claims Litigation Data Call

By | February 14th, 2022|Uncategorized|Comments Off on Florida OIR to Hold Workshop on Claims Litigation Data Call

Florida insurance carriers will be able to find out what claims litigation data they should be collecting and how it should be reported, thanks to a Feb. 24 workshop held by the state Office of Insurance Regulation. Senate Bill 76, …

14 02, 2022

Judge Sets March Hearing on Boy Scouts Bankruptcy After Claimant Group Signs On

By | February 14th, 2022|Uncategorized|Comments Off on Judge Sets March Hearing on Boy Scouts Bankruptcy After Claimant Group Signs On

The judge presiding over the Boy Scouts of America bankruptcy has delayed the start of a trial to determine whether the BSA’s reorganization plan should be confirmed after an agreement with the official committee representing more than 80,000 men who …

14 02, 2022

Vermont Governor Vetoes Registration, Insurance Requirement for Contractors

By | February 14th, 2022|Uncategorized|Comments Off on Vermont Governor Vetoes Registration, Insurance Requirement for Contractors

Gov. Phil Scott last week vetoed a bill that proposed creating a framework for registering construction contractors, saying it would hurt small businesses. The Republican said that while he supports protecting the interests of consumers, the legislation favors larger and …

14 02, 2022

Georgia Theft Ring Taking Entire Moving Vans and Their Belongings

By | February 14th, 2022|Uncategorized|Comments Off on Georgia Theft Ring Taking Entire Moving Vans and Their Belongings

Georgia authorities are investigating what may be an Atlanta-based theft ring that has stolen more than two dozen moving trucks, swiping families’ entire belongings in the process. Some of the victims were en route to new homes and reported that …

14 02, 2022

California Lawmakers Pushing Bill to Require Vaccines for All Employees

By | February 14th, 2022|Uncategorized|Comments Off on California Lawmakers Pushing Bill to Require Vaccines for All Employees

California would mandate that all businesses require their employees and independent contractors to receive the COVID-19 vaccine under legislation announced Friday by Democratic state lawmakers that was immediately criticized by Republicans as government overreach. Employees or contractors who qualify for …

14 02, 2022

Criminals Gained Access to Info on 650K Through Washington Database

By | February 14th, 2022|Uncategorized|Comments Off on Criminals Gained Access to Info on 650K Through Washington Database

Investigators believe hackers stole at least some of the Social Security numbers and other sensitive personal data of 650,000 current and former Washington state professionals and business owners during a breach of a state database. The Seattle Times reports the …

14 02, 2022

Program in Michigan Targeting Basement Flooding from Storms

By | February 14th, 2022|Uncategorized|Comments Off on Program in Michigan Targeting Basement Flooding from Storms

Detroit is starting a program to reduce chronic basement flooding during intense storms. The program initially will target two neighborhoods and later expand to others, Mayor Mike Duggan said. The strategy follows major rain events last summer that left thousands …

14 02, 2022

Court Upholds Decision Not to Certify Class in Washington Auto Case

By | February 14th, 2022|Uncategorized|Comments Off on Court Upholds Decision Not to Certify Class in Washington Auto Case

The 9th Circuit Court of Appeals has affirmed the district court’s decision declining to certify a proposed damages class in an auto insurance diversity action in Washington involving Liberty Mutual. This case centers on how auto insurance companies value totaled …