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Category: Insurance Journal

Long-Lost Ship Found in Lake Heron
Insurance Journal | March 2, 2023
Long-Lost Ship Found in Lake Heron
TRAVERSE CITY, Mich. (AP) – Even for the Thunder Bay area, a perilous swath of northern Lake Huron off the Michigan coast that has devoured many a ship, the Ironton’s fate seems particularly cruel. The 191-foot (58-meter) cargo vessel collided …
World Insurance Adds New Jersey’s Katz/Pierz Agency to Its Team
Insurance Journal | March 2, 2023
World Insurance Adds New Jersey’s Katz/Pierz Agency to Its Team
Broker World Insurance Associates reports that it has acquired the business of Katz/Pierz of Cherry Hill, New Jersey. Terms of the transaction were not disclosed. Katz/Pierz was founded in 1987 by Aaron Katz and Donald Pierz. The agency serves professionals …
Georgia House Votes to Raise Workers’ Comp Benefits, Still Lower than Other States
Insurance Journal | March 2, 2023
Georgia House Votes to Raise Workers’ Comp Benefits, Still Lower than Other States
The Georgia House of Representatives voted this week to raise the maximum workers’ compensation benefit amounts and to increase the maximum payout to dependent spouses. House Bill 480, sponsored by Rep. Lehman Franklin, R-Statesboro, and others, was approved by a …
People Moves: AXA XL Adds to U.S. Mid-Market Team; Leftwich Joins Zurich to Grow ESG Services; Mace Joins Lockton Affinity
Insurance Journal | March 2, 2023
People Moves: AXA XL Adds to U.S. Mid-Market Team; Leftwich Joins Zurich to Grow ESG Services; Mace Joins Lockton Affinity
AXA XL Adds to U.S. Mid-Market Team AXA XL Insurance continues to build out its U.S. Mid-Market business with the recent addition of Bennett Turner as head of strategy and operations and Christopher Fallon, head of analytics. Turner joins AXA …
$1 Million Settlement in Class Action over Immigration Raid at Tenn. Meat Plant
Insurance Journal | March 2, 2023
$1 Million Settlement in Class Action over Immigration Raid at Tenn. Meat Plant
A federal judge has approved a settlement of more than $1 million in a class action lawsuit that challenged a federal immigration raid at an eastern Tennessee meatpacking plant where about 100 people were arrested. The settlement approved by U.S. …
New York City Agrees to $6M Settlement Over Police Response to George Floyd Protests
Insurance Journal | March 2, 2023
New York City Agrees to $6M Settlement Over Police Response to George Floyd Protests
About 320 people arrested during a George Floyd protest in the Bronx on June 4, 2020, and who claim the police used excessive force and violated their civil rights, will each receive about $21,500 under a settlement proposal agreed to …
Root Inc. Says CFO ‘Terminated for Cause’
Insurance Journal | March 2, 2023
Root Inc. Says CFO ‘Terminated for Cause’
About one year into his employment with Root Inc. and a week after he helped the company report fourth-quarter earnings, Chief Financial Officer Robert Bateman has been fired for violating company policies. According to a filing with the U.S. Securities …
Kobe Bryant Family Settles Photo Lawsuit in California for $28.5M
Insurance Journal | March 2, 2023
Kobe Bryant Family Settles Photo Lawsuit in California for $28.5M
The family of the late Kobe Bryant has agreed to a $28.5 million settlement with Los Angeles County to resolve the remaining claims in a lawsuit over deputies and firefighters The figure includes a newly agreed upon payment from the …
Ex-Cardinal Cites Dementia In Asking Court to Dismiss Sex Assault Case
Insurance Journal | March 2, 2023
Ex-Cardinal Cites Dementia In Asking Court to Dismiss Sex Assault Case
Lawyers for former Roman Catholic Cardinal Theodore McCarrick filed a motion this week to dismiss a case charging him with sexually assaulting a boy decades ago, saying the 92-year-old once-powerful American prelate has dementia and is not competent to stand …
Fidelis Insurance Holdings Submits Draft Registration With SEC for Proposed IPO
Insurance Journal | March 2, 2023
Fidelis Insurance Holdings Submits Draft Registration With SEC for Proposed IPO
Fidelis Insurance Holdings Ltd. announced it has submitted a draft registration statement on with the Securities and Exchange Commission, relating to a proposed initial public offering of its common shares. The number of common shares to be offered and the …