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News Archives - Insurance Journal
Missouri to Requires Insurers to Register with New Uninsured Motorist Program
Insurance companies licensed to write auto liability coverage in Missouri will soon need to register with the state’s new uninsured motorist program. The Missouri Insurance Verification System (MOIVS) will include real-time insurance verification, ongoing compliance monitoring, and a pre-trial diversion …
POSTED SEPTEMBER 12, 2025 4:35 PM |
Texas Insurer New Century Placed in Receivership and Liquidation
New Century Insurance Company, a property and casualty insurer licensed only in Texas, was placed in receivership receivership and ordered into liquidation by the Travis County District Court in Austin on Sept. 3, according to the Texas Department of Insurance. …
POSTED SEPTEMBER 12, 2025 4:14 PM |
Fitch Ratings: U.S. E&S Growth Slows but Remains Strong
Direct written premiums saw double-digit growth for the seventh straight year for U.S. excess and surplus (E&S) insurers, according to Fitch Ratings’ latest annual property/casualty market review. Per a Fitch press release, U.S. E&S direct written premiums grew by 11% …
POSTED SEPTEMBER 12, 2025 4:09 PM |
California AG’s Brief Urges Court to Side With Employee in Discrimination Suit
California Attorney General Rob Bonta filed an amicus brief in the U.S. Court of Appeals for the Fourth Circuit in support urging the court to affirm an employee’s right to sue Liberty University for sex-based discrimination. The brief, filed as …
POSTED SEPTEMBER 12, 2025 4:04 PM |
Texas Cabinet Supplier to Pay $12M Settlement Over False Claims Act Violations
Allied Stone Inc., a Dallas, Texas-based supplier of countertop and cabinetry products, and its President, Jia “Jerry” Lim, have agreed to pay a total of $12.4 million to resolve allegations that they violated the False Claims Act by knowingly and …
POSTED SEPTEMBER 12, 2025 3:50 PM |
Woman Charged in Traffic Deaths of 2 Marquette Lacrosse Players Was Drunk: Prosecutors
A Wisconsin driver involved in a traffic crash last week that killed two Marquette University lacrosse players was drunk at the time, authorities alleged Wednesday in charging her with vehicular homicide. Amandria Brunner, 41, of West Allis, faces two counts …
POSTED SEPTEMBER 12, 2025 3:43 PM |
Consilium Expands its Wholesale Presence in Caribbean With Launch of Jamaican Hub
Consilium, the London-based speciality re/insurance wholesale broker, announced the expansion of its international footprint with the opening of a new hub in Kingston, Jamaica (subject to regulatory approval). Max Pragnell has been appointed as managing partner to lead the office. …
POSTED SEPTEMBER 12, 2025 3:30 PM |
Hurricane Forecasts Are Missing the Mark as the Atlantic Stays Calm — So Far
It’s the statistical peak of Atlantic hurricane season, and there isn’t a storm in sight — for now. September’s second week is usually when the season gets into full swing, as warm ocean waters fuel dangerous winds and coastal communities …
POSTED SEPTEMBER 12, 2025 3:11 PM |
US Urges G-7 Sanctions on Russian Oil as Trump Loses Patience
The US will urge its allies in the Group of Seven to impose tariffs as high as 100% on China and India for their purchases of Russian oil in an effort to convince President Vladimir Putin to end his war …
POSTED SEPTEMBER 12, 2025 3:05 PM |
Oh, the Places Broadband Won’t Go Under West Virginia Expansion Plan
Last week, Gov. Patrick Morrisey announced that the state had finalized its $1.2 billion plan to bring high-speed broadband to homes and businesses in the state. “We are excited about the opportunity to bring broadband to every corner of our …
POSTED SEPTEMBER 12, 2025 2:33 PM |
News Archives - Claims Journal
The Future of Flood-Fighting Is Being Charted in Hong Kong
Two years ago, extreme rainfall inundated Hong Kong, submerging cars and flooding malls. When another round of record rains drenched the city last month, the damage was comparatively minimal.
POSTED SEPTEMBER 12, 2025 4:48 PM |
Rivian Recalling 24,000 US Vehicles Over Highway Assist Software Defect
Rivian is recalling 24,214 R1S and R1T electric vehicles due to a software defect that may cause its hands-free Highway Assist system to misidentify lead vehicles, the U.S. National Highway Traffic Safety Administration said on Friday. The issue affects certain …
POSTED SEPTEMBER 12, 2025 2:23 PM |
AP Analysis Finds Longer Delays in Approving US Disaster Aid
As an ominous storm approached Buddy Anthony’s new home, he took shelter in his Ford F-250 pickup parked under a nearby carport. Seconds later, a tornado tore apart the one-story brick house and damaged the truck while lifting it partly …
POSTED SEPTEMBER 12, 2025 5:00 AM |
Hyundai Battery Plant Faces at Least 2-3 Month Startup Delay Following Raid, CEO Says
A battery plant co-owned by Hyundai Motor is facing a minimum startup delay of two to three months following an immigration raid last week, Hyundai CEO Jose Munoz said on Thursday. The Georgia plant, which is operated through a joint …
POSTED SEPTEMBER 12, 2025 5:00 AM |
Sedgwick: European Product Recalls Surged in First Half of 2025
Product recalls continue to rise throughout the E.U. and U.K., a new report shows. Sedgwick’s latest European Product Safety and Recall Index Report shows 3,804 events reported from five industries so far in in 2025. This marks the third consecutive …
POSTED SEPTEMBER 12, 2025 5:00 AM |
Eli Lilly Loses Appeal of $183.7M Medicaid Fraud Award
A federal appeals court on Thursday rejected Eli Lilly’s Nappeal of an $183.7 million judgment won by a whistleblowing lawyer and pharmacist who accused the drugmaker of defrauding Medicaid. The 7th U.S. Circuit Court of Appeals in Chicago said a …
POSTED SEPTEMBER 12, 2025 5:00 AM |
Two High-Profile Personal Injury Law Firms Sue… Each Other
Insurance folks tired of hearing about personal injury law firms going after those “greedy insurance companies” might want a ringside seat for this one. Two high-profile Boston-area personal injury law firms are going after each other over allegations of trade …
POSTED SEPTEMBER 12, 2025 5:00 AM |
Uber Sued by DOJ Over Passenger Disability Discrimination
Uber Technologies Inc. was sued by the U.S. Justice Department over claims that the ride-sharing giant discriminates against people with physical disabilities in violation of federal law. The department’s civil rights division alleged in a complaint filed Thursday in federal …
POSTED SEPTEMBER 11, 2025 7:38 PM |
Google, Meta, OpenAI Face FTC Inquiry on Chatbot Impact on Kids
The FTC ordered Alphabet Inc.'s Google, OpenAI Inc., Meta Platforms Inc. and four other makers of A.I. chatbots to turn over information about the impacts of the technologies on kids.
POSTED SEPTEMBER 11, 2025 4:05 PM |
DiDi Global’s $740M Settlement Likely Ready Next Month, Lawyer Says
DiDi Global’s $740 million settlement of a lawsuit claiming it defrauded investors in connection with its initial public offering is expected to be submitted for approval by a Manhattan federal judge in mid-October, a lawyer for the plaintiffs said on …
POSTED SEPTEMBER 11, 2025 3:52 PM |
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