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Category: Insurance Journal

Louisiana Parishes Top List of Riskiest US Housing Markets
Insurance Journal | May 30, 2023
Louisiana Parishes Top List of Riskiest US Housing Markets
A pair of Louisiana parishes lead CoreLogic’s ranking of riskiest U.S. housing markets based on natural-disaster probability. CoreLogic’s Climate Risk Analytics: Composite Risk Score (CRA Composite Risk Score) identified Plaquemines Parish as the place most at risk for property damage …
People Moves: Hiscox Appoints Bloomer as Chair, Succeeding Childs; SCOR Names de Varenne as Group CFO and Deputy CEO
Insurance Journal | May 30, 2023
People Moves: Hiscox Appoints Bloomer as Chair, Succeeding Childs; SCOR Names de Varenne as Group CFO and Deputy CEO
This edition of International People Moves details executive appointments at Hiscox and SCOR. A summary of these new hires follows here. Hiscox Appoints Bloomer as Chair, Succeeding Childs Hiscox Ltd., the international specialist insurer, announced the appointment of Jonathan Bloomer …
Illinois Video Game Parlor Operator to Pay $92K Over Pay Discrimination Suit
Insurance Journal | May 30, 2023
Illinois Video Game Parlor Operator to Pay $92K Over Pay Discrimination Suit
Lacey’s Place LLC Series Midlothian, doing business as Lacey’s Place, which owns and operates more than 30 video gaming parlors in Illinois, will pay $92,964 and furnish other relief to settle a pay discrimination and retaliation lawsuit filed by the …
Purdue Pharma Can Protect Sackler Owners in Opioid Bankruptcy, Court Rules
Insurance Journal | May 30, 2023
Purdue Pharma Can Protect Sackler Owners in Opioid Bankruptcy, Court Rules
Bankrupt Oxycontin manufacturer Purdue Pharma can shield its owners, members of the wealthy Sackler family, from opioid lawsuits in exchange for a $6 billion contribution to the company’s broader bankruptcy settlement, a U.S. appeals court ruled on Tuesday. The New …
Davenport, Iowa Officials: No Fatalities After Partial Building Collapse
Insurance Journal | May 30, 2023
Davenport, Iowa Officials: No Fatalities After Partial Building Collapse
DAVENPORT, Iowa (AP) – There were no confirmed fatalities and no known people still trapped the morning after a six-story apartment building in the eastern Iowa city of Davenport partially collapsed, authorities said Monday. Davenport Fire Chief Michael Carlsten said …
People Moves: The Hartford Promotes Within Group Benefits, Small Commercial, Personal Sales
Insurance Journal | May 30, 2023
People Moves: The Hartford Promotes Within Group Benefits, Small Commercial, Personal Sales
The Hartford announced new leadership appointments in sales and distribution across multiple lines of business in support of the company’s growth and innovation plans. Hayes Henderson has been promoted to head of sales and relationship management for group benefits, succeeding …
Judge in Montana Case Says Fire Retardant Drops Polluting Streams But Allows Use to Continue
Insurance Journal | May 30, 2023
Judge in Montana Case Says Fire Retardant Drops Polluting Streams But Allows Use to Continue
A judge ruled that the U.S. government can keep using chemical retardant to fight wildfires, despite finding that the practice pollutes streams in western states in violation of federal law. Halting the use of the red slurry material could have …
California Unlikely to Run Short of Electricity This Summer Thanks to Storms, New Power Sources
Insurance Journal | May 30, 2023
California Unlikely to Run Short of Electricity This Summer Thanks to Storms, New Power Sources
California regulators say the state is unlikely to run out of electricity this summer because of a big increase in power storage and a wet winter that filled the state’s reservoirs enough to restart hydroelectric power plants that were dormant …
Police Departments Now Offering Steering-Wheel Locks for Vulnerable Kias, Hyundais
Insurance Journal | May 30, 2023
Police Departments Now Offering Steering-Wheel Locks for Vulnerable Kias, Hyundais
While dealers and manufacturers are dealing with the sharp rise in thefts of Kia and Hyundai automobiles, police departments around the South and Midwest have begun offering free steering-wheel locks for owners of the cars. In Raleigh-Durham and in Fuquay-Varina, …
Product Recalls Hit Four-Year High in First Quarter 2023: Sedgwick
Insurance Journal | May 30, 2023
Product Recalls Hit Four-Year High in First Quarter 2023: Sedgwick
Data from the first quarter of 2023 shows that the number of product recalls in the U.S. increased 14.2% from the previous quarter. According to Sedgwick brand protection’s latest U.S. product recall index report — which analyzes recall data from …