People Moves: Leif Assurance Hires Sills as Commercial Lines Account Executive
Leif Assurance, headquartered in St. Louis, hired Kristine Sills as a commercial lines account executive. Sills’ responsibilities include managing new business acquisitions, as well as handling the renewal process for existing clients. Sills has more than 12 years of insurance …
Iowa and Iowa State Athletes File Lawsuit Against State Over Gambling Sting
Attorneys for more than two dozen Iowa and Iowa State athletes who were ensnared in a state gambling sting filed a civil lawsuit seeking unspecified monetary damages from the state and its public safety and criminal investigation agencies for violating …
Hundreds Rescued From Flooding in Houston
HOUSTON (AP) — High waters flooded neighborhoods around Houston on Saturday following heavy rains that have already resulted in crews rescuing more than 400 people from homes, rooftops and roads engulfed in murky water. Others prepared to evacuate their property. …
USI Insurance Services Acquires Texas’ Hignojos Insurance Agency
USI Insurance Services announced the acquisition of Odessa, Texas-based Hignojos Insurance Agency. Founded in 2009, Hignojos Insurance Agency is an independent brokerage firm specializing in commercial and personal risk insurance programs. Terms of the transaction were not disclosed.
Google Trial Wraps Up as Judge Weighs Landmark US Antitrust Claims
Google and the U.S. Justice Department wrapped up closing arguments on Friday over claims that the Alphabet unit has unlawfully dominated web search and related advertising, in a case the government contends could shape the “future of the internet.” U.S. …
Oil Majors Offered Faster Nigerian Exit if They Pay for Cleanup, Compensation
Major oil companies, such as Exxon Mobil and Shell, that aim to exit Nigeria’s onshore oil can get quicker approval to do so if they take responsibility for spills rather than wait for authorities to apportion blame, the regulator said …
Georgia Governor Signs First Responders’ PTSD Benefits Bill Into Law
Starting in January, Georgia’s first responders will be eligible for limited, supplemental benefits to help cover treatment for post-traumatic stress disorder, after Gov. Brian Kemp signed House Bill 451 into law. The law requires municipalities and other jurisdictions to provide …
SEC Warns Robinhood That Its Crypto Business Faces Lawsuit
The US Securities and Exchange Commission warned Robinhood Markets Inc. that it faces an enforcement action over its crypto business — the latest sign that the regulator isn’t letting up on its years-long crackdown on digital assets. Robinhood, which is …
Maryland Hopes to Rebuild Baltimore Bridge for $1.9B With Insurance, Federal, Other Funds
Maryland plans to rebuild the Francis Scott Key Bridge in just over four years at an estimated cost between $1.7 billion and $1.9 billion, a state transportation official said Thursday. The state plans to build a new span by fall …
Mississippi City Councilman Pleads Guilty to Selling Doctored CBD Products
GULFPORT, Miss. (AP) — A Mississippi city council member pleaded guilty to federal charges after running a multimillion-dollar illegal drug business, prosecutors said last week. Biloxi City Council member Robert Leon Deming, III, 47, reached a plea agreement with the …
Extreme Weather Is Driving More US Power Outages, Studies Show
For decades, residents of eastern Queens in New York City have complained that they’re more likely to lose power when extreme weather hits, even as lights in other parts of the city stay on. A new study that looks at …
Cracks in O’Hare Columns Aren’t Insured Property Damage, Just Bad Product – Court
Cracked steel columns are not “property damage,” but are building products that are not covered by a contractor’s general liability policy, the U.S. 7th Circuit Court of Appeals decided in an opinion that lets St. Paul and other insurers off …
Yemen’s Houthis Threaten Ships in Mediterranean Sea That Are Sailing to Israeli Ports
Yemen’s Houthis will target ships heading to Israeli ports in any area that is within their range, military spokesman Yahya Sarea said in a televised speech on Friday. “We will target any ships heading to Israeli ports in the Mediterranean …
Binance Crypto Founder Zhao Sentenced to Four Months in Prison
Changpeng Zhao, the former chief executive of Binance, was sentenced on Tuesday to four months in prison after pleading guilty to violating U.S. laws against money laundering at the world’s largest cryptocurrency exchange. Once considered the most powerful crypto industry …
Pennsylvania High Court to Decide If Workers’ Compensation Covers CBD Oil
A veteran Pennsylvania workers’ compensation attorney will soon have a chance to argue before the Pennsylvania Supreme Court that his own use of cannabinoid oil (CBD oil) is covered by workers’ compensation. It’s an argument he won last November with …
Tech Update: Marsh McLennan Launches AI Solution to Manage Supply Chain Risks
Marsh McLennan, the insurance and reinsurance broker, has launched Sentrisk, an artificial intelligence-powered platform, which aims to help businesses manage global supply chain risk. Created through the combined capabilities of Marsh McLennan businesses Marsh and Oliver Wyman, Sentrisk uses advanced …
Kansas City Women’s Soccer Plans $800 Million Stadium District
After a failed vote to build a downtown Kansas City Royals stadium, another of the city’s professional sports teams is planning to expand with a mixed-used entertainment district. The Kansas City Current, the city’s National Women’s Soccer League team, will …
Class Action Settlements Flooded With Fraudulent Claims by Scammers
Artsana, a maker of child car booster seats, last year agreed to settle claims that it had misled customers about how to use its products, offering $50 to people who had bought Chicco-brand seats. The company, which did not admit …
Death of 4 Officers in Charlotte Shows Risks Police Face When Serving Warrants
(AP) Arrest warrants must be served to alleged criminals if society is going to function. But there is no guarantee of safety for police officers knocking on their doors. The grim risks came into stark relief Monday when four law …
Israeli Cyber Security Startup Apex Gets Initial Investment From OpenAI’s Altman
Israeli cyber security startup Apex, which focuses on protecting the rapid use of artificial intelligence (AI) tools, said on Thursday it received an undisclosed investment from OpenAI Chief Executive Sam Altman. In all, Apex raised $7 million in a seed …
Insurance Journal delivers the latest business news for the Property/Casualty insurance industry
Subscribe to Insurance Journal feed