News Archives - Insurance Journal

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21 02, 2025

New York Sues Vape Distributors for Fueling Teen Epidemic

By | February 21st, 2025|Uncategorized|Comments Off on New York Sues Vape Distributors for Fueling Teen Epidemic

New York sued several large e-cigarette manufacturers, distributors and retailers on Thursday, saying they fueled a youth vaping epidemic by selling products with cartoonish packaging and flavors such as Baja Slushie, Strawberry Cereal Donut Milk and OMG Blow Pop. Letitia …

31 01, 2025

Aon Reports Organic Growth of 6% for 4th Quarter and Full-Year 2024

By | January 31st, 2025|Uncategorized|Comments Off on Aon Reports Organic Growth of 6% for 4th Quarter and Full-Year 2024

Aon reported net income attributable to shareholders of $716 million during the fourth quarter, a 44% increase from the $498 million reported in Q4 2023. For full-year 2024, net income attributable to shareholders increased to $2.7 billion, or $12.49 per …

27 01, 2025

NYC Scraps ‘Solvent’ Requirement in Revised Taxi Insurance Rules

By | January 27th, 2025|Uncategorized|Comments Off on NYC Scraps ‘Solvent’ Requirement in Revised Taxi Insurance Rules

New York City is walking back a proposed rule change that would have required taxi and rideshare drivers to be covered by a “solvent and responsible” insurance carrier, after Uber Technologies Inc. warned the mandate risked leaving thousands of drivers …

27 01, 2025

Texas Reports 564 Fatal Occupational Injuries in 2023, Down Slightly from Previous Year

By | January 27th, 2025|Uncategorized|Comments Off on Texas Reports 564 Fatal Occupational Injuries in 2023, Down Slightly from Previous Year

The Texas Department of Insurance, Division of Workers’ Compensation this month released a report on fatal occupational injuries in Texas for the 2023 year, finding that fatal injuries were slightly down compared to the year prior. There were 564 fatal …

22 01, 2025

People Moves: Lawley Names 4 New Partners; Burns Heads XS Brokers New Cyber Unit

By | January 22nd, 2025|Uncategorized|Comments Off on People Moves: Lawley Names 4 New Partners; Burns Heads XS Brokers New Cyber Unit

Lawley, headquartered in Buffalo, New York, appointed four new partners. Michael Jantzi II has worked in the insurance and business development sectors since 2010. Prior to becoming a partner, he was an employee benefits consultant for over 10 years. Michael …

18 02, 2025

SEC Eases Path for Companies to Nix Shareholder Proposals

By | February 18th, 2025|Uncategorized|Comments Off on SEC Eases Path for Companies to Nix Shareholder Proposals

The Securities and Exchange Commission released new guidelines making it easier for corporations to block votes on shareholder proposals at their annual meetings. Under the new policy, regulators will determine whether a proposal affects at least 5% of a company’s …

18 02, 2025

Amazon Workers in North Carolina Vote Against Joining Union

By | February 18th, 2025|Uncategorized|Comments Off on Amazon Workers in North Carolina Vote Against Joining Union

Workers at an Amazon warehouse in North Carolina rejected a proposal to unionize, becoming the latest group of the company’s employees to side against union representation. About three-quarters of employees at an Amazon fulfillment center in Garner, a town located …

18 02, 2025

RiverStone Int’l Signs Reinsurance-to-Close Deal With Asta for 2022 Year of Account

By | February 18th, 2025|Uncategorized|Comments Off on RiverStone Int’l Signs Reinsurance-to-Close Deal With Asta for 2022 Year of Account

RiverStone International, the legacy acquisition company, announced it has signed a reinsurance-to-close contract with Asta Managing Agency, under which the 2022 underwriting year of account of Hampden Risk Partners (HRP) Syndicate 2689 will close into Riverstone International Syndicate 3500. The …

11 02, 2025

Second Sinkhole Closes Lanes on New Jersey Highway

By | February 11th, 2025|Uncategorized|Comments Off on Second Sinkhole Closes Lanes on New Jersey Highway

A section of a major New Jersey highway has been closed due to a sinkhole for the second time in less than two months. Crews are working to repair a sinkhole on the Eastbound side of Interstate 80 in Wharton. …

6 02, 2025

Startup Accused of Gouging LA Fire Victims on Rent

By | February 6th, 2025|Uncategorized|Comments Off on Startup Accused of Gouging LA Fire Victims on Rent

A venture capital-backed startup illegally jacked up rents for furnished apartments in Los Angeles — more than 50% in one example — after last month’s wildfires that destroyed thousands of homes, the city attorney’s office alleged in a lawsuit. Blueground …