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Category: Insurance Journal

Oklahoma Captive Program Grows 15% in 2022
Insurance Journal | March 2, 2023
Oklahoma Captive Program Grows 15% in 2022
The state of Oklahoma added 11 new captive insurance companies in 2022 and has already issued three additional captive insurer licenses in 2023, according to the Oklahoma Insurance Department (OID). Oklahoma also reported four captive dissolutions in 2022. The state …
Credit Suisse ‘Seriously Breached’ Risk Management Obligations in Greensill Case
Insurance Journal | March 2, 2023
Credit Suisse ‘Seriously Breached’ Risk Management Obligations in Greensill Case
Credit Suisse Group AG “seriously breached” its risk management obligations in the Greensill Capital supply-chain financing affair, Switzerland’s banking regulator has concluded as it closed its probe against the bank. The Swiss bank was ordered to take remedial measures by …
Britain Will Seek to Reset Relations Between City of London and EU
Insurance Journal | March 2, 2023
Britain Will Seek to Reset Relations Between City of London and EU
Britain will seek to reset relations between the City of London and the European Union on Thursday, saying it will stick to high standards in finance and not do anything to undermine financial stability in the bloc in the wake …
NFL Must Face Racial Bias Claims in Open Court, Judge Rules
Insurance Journal | March 2, 2023
NFL Must Face Racial Bias Claims in Open Court, Judge Rules
The National Football League and three of its teams must face claims by Minnesota Vikings defensive coordinator Brian Flores of racist hiring practices in open court, a U.S. judge in New York ruled on Wednesday while sending other aspects of …
Call Me, Maybe? The Stealth Disappearance of Social Engineering and Fraudulent Instruction Coverage
Insurance Journal | March 2, 2023
Call Me, Maybe? The Stealth Disappearance of Social Engineering and Fraudulent Instruction Coverage
Anyone who owns a cellphone or uses an email address has received a communication from a scammer seeking to extract confidential information or trick the recipient into sending money to foreign countries. These attempts come in a variety of forms …
People Moves: Leavitt Group in Utah Makes Two Leadership Appointments
Insurance Journal | March 2, 2023
People Moves: Leavitt Group in Utah Makes Two Leadership Appointments
Leavitt Group in Cedar City, Utah named Kevin P. Grady as chief legal officer and Brooke L. MacNaughtan chief people and community officer, a newly created role. Before joining Leavitt Group, Grady was vice president and deputy general counsel at …
California Workers’ Comp Research Keys on State’s Massive Healthcare Industry
Insurance Journal | March 2, 2023
California Workers’ Comp Research Keys on State’s Massive Healthcare Industry
A report from the Workers’ Compensation Insurance Rating Bureau of California that examines the state’s healthcare system shows the industry also accounted for the highest share of indemnity COVID-19 claims among all industries. The WCIRB releases reports on industry sectors …
Texas Utility Regulators Propose Changes to Electricity Market
Insurance Journal | March 1, 2023
Texas Utility Regulators Propose Changes to Electricity Market
The winter storm that hit Texas in February 2021 strained the state’s electricity grid so much that power had to be cut to millions of homes and businesses to prevent the grid’s complete failure. At least 200 people died, many …
People Moves: Mikos-Benavides Joins J.M. Wilson; Omaha National Appoints Mackel CFO
Insurance Journal | March 1, 2023
People Moves: Mikos-Benavides Joins J.M. Wilson; Omaha National Appoints Mackel CFO
J.M. Wilson Hires Mikos-Benavides as Assistant Transportation Underwriter J.M. Wilson, based in Portage, Michigan, has hired Jennifer Mikos-Benavides as assistant transportation underwriter in their Arlington Heights, Illinois office. Mikos-Benavides is responsible for assisting underwriters with a wide variety of new …
Tx. Metal-Plating Company Fined $292K After Workers Exposed to Dangerous Acids
Insurance Journal | March 1, 2023
Tx. Metal-Plating Company Fined $292K After Workers Exposed to Dangerous Acids
A federal workplace safety investigation of an El Paso jewelry metal-plating finisher found the company again exposing workers to serious hazards, including willfully failing to protect people working with dangerous acids and other chemicals from potentially permanent eye injuries. The …