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Category: Insurance Journal

US Agency Puts Onus on Amazon for Sale of Hazardous Third-Party Products
Insurance Journal | July 30, 2024
US Agency Puts Onus on Amazon for Sale of Hazardous Third-Party Products
Amazon.com is responsible for hazardous products sold by third-party sellers on its platform under the federal safety law and bears legal responsibility for their recall, the U.S. Consumer Product Safety Commission said on Tuesday. The CPSC said it has issued …
Recall of Boar’s Head Deli Meats Follows Sample Test for Listeria at Maryland Store
Insurance Journal | July 30, 2024
Recall of Boar’s Head Deli Meats Follows Sample Test for Listeria at Maryland Store
U.S. health officials last Friday announced a recall of some Boar’s Head liverwurst and deli meats as they investigate a listeria outbreak that has sickened nearly three dozen people and caused two deaths. Boar’s Head Provisions Co. recalled liverwurst because …
South Alabama Woman Charged With 11 Counts of Insurance Fraud
Insurance Journal | July 30, 2024
South Alabama Woman Charged With 11 Counts of Insurance Fraud
An Alabama woman was arrested after she was indicted by a grand jury, charged with multiple counts of insurance fraud. Allison Dawn Benton Davis, 53, of Dothan, was charged with 11 counts of insurance fraud, according to local news reports. …
Meta Platforms to Pay $1.4B to Settle Texas Lawsuit Over Facial Recognition Data
Insurance Journal | July 30, 2024
Meta Platforms to Pay $1.4B to Settle Texas Lawsuit Over Facial Recognition Data
Meta Platforms META.O has agreed to pay $1.4 billion to Texas to resolve the state’s lawsuit accusing the Facebook parent of illegally using facial-recognition technology to collect biometric data of millions of Texans without their consent. The terms of the …
Wells Fargo Must Face Lawsuit Over Sham Job Interviews
Insurance Journal | July 30, 2024
Wells Fargo Must Face Lawsuit Over Sham Job Interviews
A U.S. judge ordered Wells Fargo to face a lawsuit alleging it defrauded shareholders by proclaiming its commitment to hiring diversity, even as it conducted sham job interviews of non-white and female applicants it had no plans to hire. U.S. …
Firefighters Increase Containment on California Wildfire Now at 599 Square Miles
Insurance Journal | July 30, 2024
Firefighters Increase Containment on California Wildfire Now at 599 Square Miles
Containment has increased on a fire that exploded in size and in a few days became California’s sixth largest wildfire, destroying hundreds of structures. The Park Fire near Chico, California, has burned 383,619 acres and as of Tuesday morning was …
Highstreet Expands Florida Footprint with Flagler Insurance Agency
Insurance Journal | July 30, 2024
Highstreet Expands Florida Footprint with Flagler Insurance Agency
Michigan-headquartered Highstreet Insurance Partners, a rapidly growing, multistate insurance agency, has added to its Florida presence with the acquisition of Flagler Insurance Agency, based in Palm Beach, Florida. The terms of the deal were not reported. Highstreet said in a …
AXA IM Prime Buys 20% Stake in French Private Credit Firm Rivage
Insurance Journal | July 30, 2024
AXA IM Prime Buys 20% Stake in French Private Credit Firm Rivage
A unit of AXA Investment Managers has agreed to acquire a minority stake in Rivage Investment, a specialist private credit firm focused on infrastructure debt that oversees more than €7.7 billion ($8.3 billion) in committed capital. AXA IM Prime, as …
HDI Global Receives License to Open Office in Dubai
Insurance Journal | July 30, 2024
HDI Global Receives License to Open Office in Dubai
HDI Global SE has received a regulatory license from Dubai Financial Services Authority (DFSA) to open an office in Dubai. The new local presence in Dubai International Financial Centre (DIFC) will allow HDI Global to bring its global financial strength …
Cowbell Secures $60M Series C Funding From Zurich
Insurance Journal | July 30, 2024
Cowbell Secures $60M Series C Funding From Zurich
Cowbell, a provider of cyber insurance for small and medium-sized enterprises (SMEs), announced on July 26 that it has closed a $60 million Series C equity investment from Zurich Insurance Group, a global multiline insurer. “This investment from Zurich is …