News Archives - Insurance Journal

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14 06, 2024

Louisiana High Court Reopens Window for Adult Victims of Childhood Sex Abuse to Sue

By | June 14th, 2024|Uncategorized|Comments Off on Louisiana High Court Reopens Window for Adult Victims of Childhood Sex Abuse to Sue

NEW ORLEANS (AP) — Officially reversing a controversial March ruling, Louisiana’s highest court Wednesday gave childhood victims of sexual abuse a renewed opportunity to file damage lawsuits. The state Supreme Court’s 5-2 ruling Wednesday upholds a so-called look-back law that …

14 06, 2024

Oklahoma Supreme Court Dismisses Reparations Lawsuit of Tulsa Race Massacre Survivors

By | June 14th, 2024|Uncategorized|Comments Off on Oklahoma Supreme Court Dismisses Reparations Lawsuit of Tulsa Race Massacre Survivors

OKLAHOMA CITY (AP) — The Oklahoma Supreme Court on Wednesday dismissed a lawsuit by survivors of the 1921 Tulsa Race Massacre, dampening the hope of advocates for racial justice that the city would make financial amends for one of the …

14 06, 2024

People Moves: Krause Group Names Westervelt Vice President of Sales

By | June 14th, 2024|Uncategorized|Comments Off on People Moves: Krause Group Names Westervelt Vice President of Sales

Krause Group, headquartered in Des Moines, Iowa, named Holly Westervelt to the newly created role of vice president of sales, a part of the leadership team for Krause Group’s expanding agency division, The Krause Agency. Westervelt joins Krause Group with …

13 06, 2024

Major Defense Contractor Accused of Discriminating Against Older Workers

By | June 13th, 2024|Uncategorized|Comments Off on Major Defense Contractor Accused of Discriminating Against Older Workers

A major defense contractor was sued Tuesday over allegations that it discriminated against older workers in job ads. The lawsuit filed in federal court in Boston accuses RTX Corporation of posting ads that target younger workers at the expense of …

13 06, 2024

California Governor Wants to Curb a Labor Law That Cost Businesses $10B

By | June 13th, 2024|Uncategorized|Comments Off on California Governor Wants to Curb a Labor Law That Cost Businesses $10B

For two decades, a California law has helped workers sue the world’s biggest companies. Drivers for Uber Technologies Inc. won a $20 million settlement, Google employees secured $27 million over complaints of free-speech violations, and Walmart Inc. agreed to pay …

13 06, 2024

Insurance Broker Witness at Menendez Bribery Trial Faced Tough Cross-Examination

By | June 13th, 2024|Uncategorized|Comments Off on Insurance Broker Witness at Menendez Bribery Trial Faced Tough Cross-Examination

The prosecution’s prized turncoat witness at the bribery trial of U.S. Sen. Bob Menendez was politely combative Tuesday as defense lawyers tried to poke holes in his testimony and portray him as a habitual liar. Jose Uribe spent a third …

13 06, 2024

Survey: US Business Owners Seek More Insurance Coverage as AI, Election Risks Loom

By | June 13th, 2024|Uncategorized|Comments Off on Survey: US Business Owners Seek More Insurance Coverage as AI, Election Risks Loom

Artificial intelligence and U.S. election have emerged as significant risks to businesses this year with an overwhelming 80% of owners worried their insurance will not cover a specific loss, a survey by insurance brokerage Gallagher showed on Wednesday. Companies are …

13 06, 2024

SpaceX Sued by Engineers Fired After Accusing Elon Musk of Sexism

By | June 13th, 2024|Uncategorized|Comments Off on SpaceX Sued by Engineers Fired After Accusing Elon Musk of Sexism

Rocket maker SpaceX and its CEO Elon Musk were sued on Wednesday by eight engineers who say they were illegally fired for raising concerns about alleged sexual harassment and discrimination against women. The engineers—four women and four men—claim Musk ordered …

13 06, 2024

US E&S Growth Slower in 2023; Berkshire, AIG Top Premium Rankings

By | June 13th, 2024|Uncategorized|Comments Off on US E&S Growth Slower in 2023; Berkshire, AIG Top Premium Rankings

An analysis by S&P Global Market Intelligence reveals that the pace of growth in the U.S. excess and surplus lines market has slowed since a peak growth rate of 32.3% recorded in 2021. In 2023, growth remained robust—and up in …

13 06, 2024

Most US Drivers Support Anti-Speeding Technology in Vehicles: IIHS Survey

By | June 13th, 2024|Uncategorized|Comments Off on Most US Drivers Support Anti-Speeding Technology in Vehicles: IIHS Survey

More than 60% of the drivers in the United States would find it acceptable if their vehicle provided an audible and visual warning when they exceeded the posted speed limit, a survey by Insurance Institute for Highway Safety showed on …