News – Insurance Journal

/News – Insurance Journal

About News – Insurance Journal

This author has not yet filled in any details.
So far News – Insurance Journal has created 3332 blog entries.
28 09, 2021

Maine Attorney General Considers Suing Over PCB, PFAS Contamination

By | September 28th, 2021|Uncategorized|Comments Off on Maine Attorney General Considers Suing Over PCB, PFAS Contamination

Maine’s attorney general is seeking proposals from law firms willing to assist with potential legal claims over chemical contamination in the state. The state is considering legal claims over so-called PCBs and a separate class known as PFAS. Both chemicals …

28 09, 2021

Delaware Sues Monsanto Alleging Damage to Natural Resources

By | September 28th, 2021|Uncategorized|Comments Off on Delaware Sues Monsanto Alleging Damage to Natural Resources

Delaware’s attorney general has filed a lawsuit against chemical company Monsanto and spinoffs Solutia and Pharmacia, alleging long-lasting damage to the state’s natural resources. The lawsuit filed Delaware Superior Court on Wednesday alleges Monsanto knew as early as 1937 that …

28 09, 2021

Colonial Surety Launches Cyber and Fiduciary Package for Retirement Planning

By | September 28th, 2021|Uncategorized|Comments Off on Colonial Surety Launches Cyber and Fiduciary Package for Retirement Planning

Colonial Surety, a direct and digital insurer, expanded its fiduciary liability product offering for plan sponsors – businesses that offer retirement plans – with a new, two-part package that includes cyber liability coverage. The new package offers fiduciary liability insurance …

28 09, 2021

Annual Financial Crime Compliance Costs Rise to $49.9B for Financial Institutions

By | September 28th, 2021|Uncategorized|Comments Off on Annual Financial Crime Compliance Costs Rise to $49.9B for Financial Institutions

Financial crime compliance costs for the U.S. and Canada are at nearly $50 billion in 2021, a rise of almost 20% from the year before, according to a new LexisNexis study. Labor costs, more regulations and evolving crime threats are …

28 09, 2021

Investigators Probing Cause of Deadly Montana Train Derailment

By | September 28th, 2021|Uncategorized|Comments Off on Investigators Probing Cause of Deadly Montana Train Derailment

Federal investigators are seeking the cause of an Amtrak train derailment near a switch on tracks in the middle of vast farmland in far northern Montana that killed three people and left seven hospitalized over the weekend. The westbound Empire …

28 09, 2021

Omaha National Raises $45M, Will Transition to Being Direct Workers’ Compensation Writer

By | September 28th, 2021|Uncategorized|Comments Off on Omaha National Raises $45M, Will Transition to Being Direct Workers’ Compensation Writer

Technology-enabled workers’ compensation and payroll services provider Omaha National Group, Inc. announced a $45 million Series B round led by Accomplice. The company said it plans to use the funds to support its transition to operating as a direct insurance …

28 09, 2021

Religious Partners Fear Boy Scouts’ Bankruptcy Plan Leaves Them Unprotected

By | September 28th, 2021|Uncategorized|Comments Off on Religious Partners Fear Boy Scouts’ Bankruptcy Plan Leaves Them Unprotected

Amid the Boy Scouts of America’s complex bankruptcy case, there is worsening friction between the BSA and the major religious groups that help it run thousands of scout units. At issue: the churches’ fears that an eventual settlement — while …

28 09, 2021

Brit CEO Wilson on Leave of Absence for Health Reasons; Thompson Named Interim CEO

By | September 28th, 2021|Uncategorized|Comments Off on Brit CEO Wilson on Leave of Absence for Health Reasons; Thompson Named Interim CEO

Brit Ltd., the London-based insurer and subsidiary of Fairfax Financial Holdings, announced that Matthew Wilson, group CEO, will be taking an indefinite leave of absence due to health reasons. During this period, Martin Thompson will step in as interim group …

28 09, 2021

COVID-Related Discrimination Lawsuits Filed Against 2 Texas Companies

By | September 28th, 2021|Uncategorized|Comments Off on COVID-Related Discrimination Lawsuits Filed Against 2 Texas Companies

Federal officials filed two lawsuits in Texas courts, alleging that a pharmacy in Fabens and a coffeehouse in Ft. Worth both discriminated against employees with disabilities that rendered them vulnerable to serious illness if they contracted COVID-19. The two employers …

28 09, 2021

Louisiana Extends Hurricane Ida Insurance-Related Emergency Rule

By | September 28th, 2021|Uncategorized|Comments Off on Louisiana Extends Hurricane Ida Insurance-Related Emergency Rule

Louisiana extended the emergency rule that allows suspension of insurance related statutes in the 25 parishes affected by Hurricane Ida, the insurance department said. The Louisiana Department of Insurance reported that Emergency Rule 47 is being reissued to extend the …