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Category: Insurance Journal

Storm Tears Roofs Off Buildings in Northern Missouri
Insurance Journal | May 10, 2023
Storm Tears Roofs Off Buildings in Northern Missouri
TRENTON, Mo. (AP) – Severe storms tore the roofs off several buildings in northern Missouri and pelted the region with softball-sized hail. Grundy County Emergency Manager Glen Briggs told KSHB television that several buildings in Trenton, about 100 miles (160 …
Alera Group Acquires Texas-Based Sheridan
Insurance Journal | May 10, 2023
Alera Group Acquires Texas-Based Sheridan
Alera Group, a national insurance and wealth services firm, announced the acquisition of Austin, Texas-based Sheridan Insurance Group, a team of experienced professional liability specialists helping meet the insurance and risk management needs of the healthcare community. The Sheridan Insurance …
Hobby Lobby to Settle $50K Disability Discrimination Suit at Kansas Store
Insurance Journal | May 10, 2023
Hobby Lobby to Settle $50K Disability Discrimination Suit at Kansas Store
Hobby Lobby Stores, Inc., a national arts and crafts retailer, will pay $50,000 to resolve a disability discrimination lawsuit filed by the U.S. Equal Employment Opportunity Commission (EEOC), the federal agency announced. According to the EEOC’s lawsuit, Hobby Lobby violated …
New Hampshire Begins Search for Insurance Commissioner as Nicolopoulos to Exit
Insurance Journal | May 10, 2023
New Hampshire Begins Search for Insurance Commissioner as Nicolopoulos to Exit
New Hampshire Governor Chris Sununu announced that Insurance Commissioner Christopher Nicolopoulos will not be seeking reappointment upon the conclusion of his term. Nicolopoulos began serving a five-year term in February 2020. Sununu said a search for a new Insurance commissioner …
Hyundai and Kia Thefts Keep Rising Despite Security Fix
Insurance Journal | May 10, 2023
Hyundai and Kia Thefts Keep Rising Despite Security Fix
Nearly three months ago, Hyundai and Kia unveiled software that was designed to thwart an epidemic of thefts of their vehicles, caused by a security flaw that was exposed on TikTok and other social media sites. So far, it hasn’t …
Cyber Hack to Cost UK Outsourcer Capita Up to $25M
Insurance Journal | May 10, 2023
Cyber Hack to Cost UK Outsourcer Capita Up to $25M
British outsourcing company Capita warned it would take a 15 million pound to 20 million pound ($25 million) hit after its systems were hacked in a cyber incident earlier this year. Capita, which provides business support services to government and …
Antitrust Enforcers Are Chilling Big Mergers
Insurance Journal | May 10, 2023
Antitrust Enforcers Are Chilling Big Mergers
The US government’s aggressive stance on antitrust is chilling merger activity among the country’s biggest companies, with some deals never making it past the boardroom as executives fear lengthy and expensive approval processes. US enforcers have roughly doubled their efforts …
Philip Morris Must Pay $37M to Cancer Victim, Massachusetts High Court Rules
Insurance Journal | May 10, 2023
Philip Morris Must Pay $37M to Cancer Victim, Massachusetts High Court Rules
Tobacco company Philip Morris USA must pay $37 million to a Massachusetts woman who developed cancer from smoking Marlboro Lights cigarettes, the Massachusetts Supreme Judicial Court has ruled in a unanimous decision. The state’s high court found that Patricia Walsh …
Florida Could Study Use of Radioactive Gypsum on Roads if Bill Signed
Insurance Journal | May 10, 2023
Florida Could Study Use of Radioactive Gypsum on Roads if Bill Signed
Florida may study whether a radioactive waste byproduct of fertilizer production can be used to help build roads under a bill passed by the Legislature. The proposal, which awaits a signature from Republican Gov. Ron DeSantis, would task the state …
FERMA: Appeal of Cyber Insurance May Weaken Without ‘Concerted Dialogue’
Insurance Journal | May 10, 2023
FERMA: Appeal of Cyber Insurance May Weaken Without ‘Concerted Dialogue’
The Federation of European Risk Management Associations (FERMA) said it has concerns that the cyber insurance market is “evolving in isolation from the industries which it insurers,” and is calling for more certainty regarding the long-term viability of the product. …