News – Insurance Journal

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18 12, 2019

Train Worker Killed in West Virginia Derailment

By | December 18th, 2019|Uncategorized|Comments Off on Train Worker Killed in West Virginia Derailment

An employee for a freight transportation line was killed in a train derailment in West Virginia, a sheriff’s office said. The CSX train went off the rails near a Chemours chemical plant in Washington, West Virginia, on Saturday afternoon, the …

19 12, 2019

West Texas Insurance Exchange Acquired by Alera Group

By | December 19th, 2019|Uncategorized|Comments Off on West Texas Insurance Exchange Acquired by Alera Group

Alera Group, an independent national insurance brokerage and wealth management firm, has acquired West Texas Insurance Exchange Inc., located in Odessa, Texas. West Texas Insurance Exchange serves the insurance needs of many businesses throughout Texas and across the United States. …

18 12, 2019

SafeWaters Underwriting Managers to Underwrite Yacht Insurance with Nationwide

By | December 18th, 2019|Uncategorized|Comments Off on SafeWaters Underwriting Managers to Underwrite Yacht Insurance with Nationwide

SafeWaters Underwriting Managers has secured a delegated authority underwriting agreement with Nationwide to provide tailor made yacht insurance products. Products will be written on National Casualty company paper, a Nationwide Company. SafeWaters, a subsidiary of RSG Underwriting Managers, specializes in …

18 12, 2019

Top 10 Most Ridiculous Lawsuits of 2019: U.S. Chamber

By | December 18th, 2019|Uncategorized|Comments Off on Top 10 Most Ridiculous Lawsuits of 2019: U.S. Chamber

A lawsuit over the tiny amount of lip balm at the bottom of the tube came in number one on the U.S. Chamber of Commerce’s list of the Top 10 Most Ridiculous Lawsuits of 2019. This year’s list also features …

18 12, 2019

Uber Settles Sexual Harassment Claims in $4.4M Deal with EEOC

By | December 18th, 2019|Uncategorized|Comments Off on Uber Settles Sexual Harassment Claims in $4.4M Deal with EEOC

Under an agreement with the Equal Employment Opportunity Commission (EEOC), transportation firm Uber Technologies will establish a $4.4 million fund to compensate anyone who the EEOC determines experienced sexual harassment or related retaliation after Jan. 1, 2014. The settlement resolves …

19 12, 2019

S&P Assigns A- Rating to Fidelis Insurance Units; Holding Company at BBB

By | December 19th, 2019|Uncategorized|Comments Off on S&P Assigns A- Rating to Fidelis Insurance Units; Holding Company at BBB

Noting the proven track record of its management team and strong top-line growth in a five-year time frame, S&P Global Ratings has assigned A- financial strength ratings to the operating units of Fidelis Insurance Holding Ltd. S&P also assigned a …

19 12, 2019

Neptune Flood of Florida Hires Eckstein as Executive Director

By | December 19th, 2019|Uncategorized|Comments Off on Neptune Flood of Florida Hires Eckstein as Executive Director

Florida-based insurtech, Neptune Flood Incorporated has hired Jean-Luc Eckstein has been hired as executive director. Eckstein joins Neptune Flood from Fortune 500 technology provider, CDW, where he sold software and hardware directly to some large companies in the United States …

19 12, 2019

Chubb Launches Financial Institution Fidelity Bond for Asset Managers

By | December 19th, 2019|Uncategorized|Comments Off on Chubb Launches Financial Institution Fidelity Bond for Asset Managers

Chubb has introduced a new fidelity insurance product, the Financial Institution Bond for Asset Managers, to address risks faced by today’s asset managers. The financial fidelity bond provides modernized coverage for a range of risks that can result in loss …

17 12, 2019

Large New Jersey Hospital System Says It Was Hit by Ransomware Attack

By | December 17th, 2019|Uncategorized|Comments Off on Large New Jersey Hospital System Says It Was Hit by Ransomware Attack

New Jersey’s largest hospital system said Friday that a ransomware attack last week disrupted its computer network and that it paid a ransom to stop it. Hackensack Meridian Health did not say in its statement how much it paid to …

19 12, 2019

Louisiana Transportation Department to Implement New Roadwork Safety Measures

By | December 19th, 2019|Uncategorized|Comments Off on Louisiana Transportation Department to Implement New Roadwork Safety Measures

Louisiana’s transportation department will boost safety measures at its roadwork sites, the agency’s secretary announced at a ceremony honoring an employee killed on the job this summer. Department of Transportation and Development Secretary Shawn Wilson said that the agency will …