August 19, 2022
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Fri, 19 Aug 2022 10:08:17 +0000
Most members surveyed by the American Chamber of Commerce in Taiwan said they had not been significantly affected by recent Chinese military drills around the island, but had heightened concerns, the group said on Friday. China, which claims Taiwan as …
Fri, 19 Aug 2022 08:29:58 +0000
The economic viability of the insurance industry’s current business model has been in question for several years. McKinsey’s 2022 Global Insurance Report shows that 52% of the industry’s global equity had a return on equity (ROE) lower than their cost …
Fri, 19 Aug 2022 06:08:09 +0000
The driver of the 2021 Toyota Sienna said he crashed because another car bumped the rear of his vehicle while passing on the right, causing him to lose control. It was the wrong car for lying about the cause of …
Fri, 19 Aug 2022 05:15:02 +0000
The number of U.S. products recalled this year has already surpassed 1 billion, according to the U.S. product recall index recently released by Sedgwick’s brand protection division. Only two other years on record have seen more than 1 billion units …
Fri, 19 Aug 2022 05:01:59 +0000
The owners of one of the oldest insurance agencies in Texas must have felt pretty surprised when they were named in a federal lawsuit brought by an AIG company, alleging the agency was part of an elaborate fraud that forged …
Fri, 19 Aug 2022 05:01:46 +0000
Tracks used by the nation’s deadliest railroad will see added fencing to keep pedestrians away and safety improvements at crossings under a $25 million federal grant announced Monday. Brightline and government officials announced the grant as the priva...
Fri, 19 Aug 2022 05:00:51 +0000
LIBERTY, N.Y. — A fire consumed a building at the site of the long-closed Grossinger’s resort, once among the most storied and glamorous hotels in New York’s Catskills. In its heyday after World War II, Grossinger’s drew hundreds of thousands …
Fri, 19 Aug 2022 05:00:46 +0000
A federal appeals court has ruled that a lawsuit filed by Delaware’s attorney general seeking to hold the petroleum industry responsible for climate change effects in the state must be heard in state court instead of federal court. Wednesday’s ruling …
Fri, 19 Aug 2022 05:00:18 +0000
PCF Insurance Services acquired John E. Peakes Insurance Agency Inc. in Ventura, California. John E. Peakes is a family-owned, personal lines agency. They offer personal, business, gym, fitness studios, restaurants, and apartment building insurance opt...
Fri, 19 Aug 2022 05:00:12 +0000
Francis Okyere, 70, a previously licensed insurance agent in Westlake Village, California, was arrested in relation to a scheme that involved him allegedly stealing multiple victims’ identities and using them to open a fraudulent insurance agency. The ...
Thu, 18 Aug 2022 16:42:59 +0000
Despite a history of violations and worker injuries dating back almost a decade, Fiesta Mart LLC – a Houston-based supermarket operator – continues to fail in its legal obligations to protect employees. Made apparent after federal inspections in Fe...
Thu, 18 Aug 2022 16:37:19 +0000
A public adjusting firm that was cited by regulators in both Texas and Louisiana for allegedly pocketing insurer payouts has also received cash advances from financing companies over the past several months, documents obtained by the Claims Journal sho...
Thu, 18 Aug 2022 16:26:32 +0000
Supporters of legalizing recreational marijuana in North Dakota have succeeded in bringing the matter to a public vote in November. The group, New Approach North Dakota, submitted more than the required 15,582 valid petition signatures to get a measure...
Thu, 18 Aug 2022 16:21:49 +0000
Preliminary autopsy results released Monday for the three victims of a house explosion in a southern Indiana neighborhood show they died of blunt force trauma and compression asphyxia. A married couple who lived at the center of the Wednesday explosion …
Thu, 18 Aug 2022 15:48:05 +0000
A Maryland-based lender deceived its loan customers by selling them insurance policies they didn’t ask for or know about in many cases, the attorneys general of a handful of states claimed in a lawsuit filed Tuesday in federal court in …
Thu, 18 Aug 2022 15:30:21 +0000
Transgender workers will gain broadened legal protections in the wake of a recent federal appeals court decision that gender dysphoria is covered by the Americans with Disabilities Act. Many transgender people suffer from gender dysphoria, which descri...
Thu, 18 Aug 2022 15:20:03 +0000
The volume of global insurance industry mergers and acquisitions reached a 10-year high in the first half of 2022, up 9.5% from the same six months a year ago. According to Clyde & Co’s Insurance Growth Report mid-year update, the …
Thu, 18 Aug 2022 14:12:50 +0000
Two Pennsylvania judges who orchestrated a scheme to send children to for-profit jails in exchange for kickbacks were ordered to pay more than $200 million to hundreds who fell victim to their crimes. U.S. District Judge Christopher Conner awarded $106 …
Thu, 18 Aug 2022 14:09:11 +0000
California Insurance Commissioner Ricardo Lara announced a major settlement with National Health Insurance Co. The California Department of Insurance alleged that the company continuously violated California law since 2015 by failing to post a list onl...
Thu, 18 Aug 2022 13:55:07 +0000
Euclid Transactional, a New York City-based managing general agent that specializes in transactional insurance underwriting, announced the opening of a Stockholm office, which will be led by Vice President Willy Edholm Fjellstad. The new office will fu...
Thu, 18 Aug 2022 13:33:09 +0000
A Jacksonville hospital now faces hundreds of lawsuits alleging that a surgeon who reportedly had palsy caused serious injuries and corrective surgeries from 2016 to 2020. The Florida Times-Union newspaper and NBC News recently reported that at least 3...
Thu, 18 Aug 2022 12:57:13 +0000
What will draw employees to work and keep them engaged? If your organization is wrestling with that question, you’re not alone. Insurance employers – like those in many other industries – are struggling to retain employees and engender their loyalt...
Thu, 18 Aug 2022 12:55:57 +0000
This edition of International People Moves details appointments at QBE Re and Liberty Mutual’s Global Risk Solutions. A summary of these new hires follows here. Killourhy to Take Helm at QBE Re, Succeeding Postlewhite QBE announced the appointment of C...
Thu, 18 Aug 2022 11:53:18 +0000
A Georgia man was indicted on homicide charges Wednesday, after a Memorial Day weekend boat collision that killed five people. Mark Stegall was indicted on 10 counts of first-degree homicide by a vessel, USA Today reported. The man, age 45, …
Thu, 18 Aug 2022 11:46:35 +0000
SURE, a member-owned insurance company for coastal homeowners, has expanded to North Carolina, a market that continues to harden. The coverage will be underwritten by SageSure, the managing general underwriter for SURE, the company said in a news relea...
Thu, 18 Aug 2022 11:24:58 +0000
Dollar General faces nearly $1.3 million in penalties after government inspectors visited three of the chain’s stores in Georgia earlier this year and found worker-safety violations, federal regulators said Monday. The Occupational Safety and Health Ad...
Thu, 18 Aug 2022 09:40:48 +0000
Costa Rica’s President Rodrigo Chaves said on Tuesday he plans to present a bill to sell state-owned banks Banco de Costa Rica and Banco Internacional de Costa Rica, as well as 49% of the state-owned INS insurance company to reduce …
Thu, 18 Aug 2022 08:59:52 +0000
Liz Truss, the front-runner to become Britain’s next prime minister, wants to examine the roles of the country’s three financial regulators as part of a review, a source close to her leadership campaign said on Thursday. Provided she wins the …
Thu, 18 Aug 2022 08:24:18 +0000
A company that supplies water to more than 1.5 million people in the UK disclosed it was hit by a cyber attack in an incident security experts said highlighted potentially dangerous vulnerabilities in the country’s critical infrastructure. South Staffo...
Thu, 18 Aug 2022 08:00:40 +0000
Walmart Inc., CVS Health Corp. and Walgreens Boots Alliance Inc. were ordered to pay a total of $650 million over their failure to properly monitor opioid prescriptions in Ohio, in the drug industry’s latest setback in the sprawling litigation over …