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Category: Insurance Journal

Meta’s Record Privacy Settlement Spurs Dispute Over State Claims
Insurance Journal | March 2, 2023
Meta’s Record Privacy Settlement Spurs Dispute Over State Claims
Meta Platforms Inc. is wrong to say its $725 million settlement of a lawsuit claiming Facebook illegally shared user data with a controversial research firm protects it from similar claims brought by New Mexico, attorneys for the US state said. …
SoCal Storms, Back-to-Back Hurricanes in South Central Part of New Normal?
Insurance Journal | March 2, 2023
SoCal Storms, Back-to-Back Hurricanes in South Central Part of New Normal?
A new AM Best commentary on the latest winter storm to hit Southern California drives home the growing risk and the financial volatility that weather-related losses pose for the insurance industry. According to the commentary, titled “Changing Weather Patterns, Climate …
White House Releases New National Cybersecurity Strategy
Insurance Journal | March 2, 2023
White House Releases New National Cybersecurity Strategy
The White House announced a new national cybersecurity strategy meant to make the digital ecosystem more resilient, including a more aggressive stance against malicious cyber actors and shifting responsibility to “organizations that are most capable and best-positioned to reduce risks …
Hub Acquires Louisiana’s Dwight W. Andrus Insurance
Insurance Journal | March 2, 2023
Hub Acquires Louisiana’s Dwight W. Andrus Insurance
Hub International Limited announced that it has acquired the assets of Dwight W. Andrus Insurance Inc., Dwight Andrus & Richard Insurance, Inc., and DAI Shreve, LLC (Dwight Andrus Insurance). Terms of the transaction were not disclosed. Headquartered in Lafayette, Louisiana …
Ohio Senators Prepare Rail Safety Bill After Norfolk Southern Crash
Insurance Journal | March 2, 2023
Ohio Senators Prepare Rail Safety Bill After Norfolk Southern Crash
COLUMBUS, Ohio (AP) – Railroads like the one involved in this month’s fiery crash and toxic chemical release in Ohio would be subject to a series of new federal safety regulations and financial consequences under legislation being introduced Wednesday by …
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. …