News – Insurance Journal

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10 02, 2021

Boston Hospital Valet Shot in Eye Sues His Employer

By | February 10th, 2021|Uncategorized|Comments Off on Boston Hospital Valet Shot in Eye Sues His Employer

A valet at a Boston hospital who was shot in the eye by police as officers confronted a man armed with what they thought was a real gun has sued his employer, saying the hospital’s security staff mishandled this situation. …

10 02, 2021

Mother of Virginia Police Informant Seeks $13M in Lawsuit

By | February 10th, 2021|Uncategorized|Comments Off on Mother of Virginia Police Informant Seeks $13M in Lawsuit

The mother of a dead Virginia police informant is alleging in a pair of lawsuits that authorities are responsible for her son’s fatal overdose on opiates that he was coerced to purchase while undercover. Donna Watson, the administrator of Troy …

10 02, 2021

Climate, AI, Privacy, Racial Bias Among State Insurance Regulators’ 2021 Priorities

By | February 10th, 2021|Uncategorized|Comments Off on Climate, AI, Privacy, Racial Bias Among State Insurance Regulators’ 2021 Priorities

The country’s insurance regulators are vowing to prioritize the monitoring of the use of consumer and non-consumer data by companies, the use of artificial intelligence, and the availability and affordability of insurance products for racial minorities. They say they will …

10 02, 2021

Firefighters Battle Blaze, Partial Building Collapse in Pittsburgh

By | February 10th, 2021|Uncategorized|Comments Off on Firefighters Battle Blaze, Partial Building Collapse in Pittsburgh

Fire and a partial collapse has demolished at least part of a multistory building on Pittsburgh’s South Side built at least 141 years ago. Fire crews fought for hours to contain the blaze reported at about 2:30 p.m. that sent …

10 02, 2021

Intel Suing Oregon Engineer Who Joined Microsoft Over Trade Secrets

By | February 10th, 2021|Uncategorized|Comments Off on Intel Suing Oregon Engineer Who Joined Microsoft Over Trade Secrets

Intel is suing a former Oregon employee, alleging he took trade secrets when he left for Microsoft and used the information to gain an advantage in later business negotiations with Intel. Engineer Varun Gupta worked at Intel for ten years …

10 02, 2021

Environmental Settlement of $212K Reached with Washington Chemical Company

By | February 10th, 2021|Uncategorized|Comments Off on Environmental Settlement of $212K Reached with Washington Chemical Company

The U.S. Environmental Protection Agency has reached a settlement with Emerald Kalama Chemical after inspectors say they found hazardous waste storage and handling violations it its Kalama, Wash., facility. The chemical company has agreed modify its practice and pay a …

9 02, 2021

Third Point Re Hires 3 Senior Leaders Ahead of Anticipated Merger with Sirius

By | February 9th, 2021|Uncategorized|Comments Off on Third Point Re Hires 3 Senior Leaders Ahead of Anticipated Merger with Sirius

Third Point Reinsurance Ltd., a Bermuda-based specialty reinsurer, announced it has made three senior hires to strengthen its existing leadership team, ahead of the company’s anticipated merger transaction with Sirius International Insurance Group Ltd., to form SiriusPoint Ltd. Tim Mardon …

9 02, 2021

Learning Technologies Group Buys Diversity & Inclusion Specialist PDT Global in UK

By | February 9th, 2021|Uncategorized|Comments Off on Learning Technologies Group Buys Diversity & Inclusion Specialist PDT Global in UK

Learning Technologies Group plc (LTG), the London-based provider of services and software for digital learning and talent management, has acquired PDT Global, a leading provider of online diversity and inclusion solutions. PDT (The People Development Team) Global is a diversity …

9 02, 2021

P/C Insurers’ Net Income for 9 Months Fell 27% on Effects of Catastrophes

By | February 9th, 2021|Uncategorized|Comments Off on P/C Insurers’ Net Income for 9 Months Fell 27% on Effects of Catastrophes

In the first nine months of 2020, net income for the U.S. property/casualty insurance industry dropped 27.5% to $35.1 billion and net underwriting gains declined to $0.3 billion, from $5.4 billion a year earlier as the industry dealt with the …

9 02, 2021

New York Man Pleads Guilty to Insurance Fraud Following Hit-and-Run Accident

By | February 9th, 2021|Uncategorized|Comments Off on New York Man Pleads Guilty to Insurance Fraud Following Hit-and-Run Accident

A New York man has pleaded guilty to insurance fraud after being involved in a hit-and-run incident with a parked car in Hoboken, New Jersey. On Wednesday, February 3, 2021, Richard Hamedl of West New York pleaded guilty to one …