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Category: Insurance Journal

DOJ: Unjustified Force, Bias Still Plague New Orleans Police
Insurance Journal | April 10, 2023
DOJ: Unjustified Force, Bias Still Plague New Orleans Police
Unjustified use of force, dangerous vehicle pursuits and racially biased policing continue to be problems for the New Orleans Police Department, the U.S. Justice Department said in a Friday court filing, opposing the city’s move to terminate a decade-old court-backed …
Nexus Acquires Majority Stake in Dubai-Based MGA, Spectrum Risk Management
Insurance Journal | April 10, 2023
Nexus Acquires Majority Stake in Dubai-Based MGA, Spectrum Risk Management
Nexus Underwriting announced that it has completed the acquisition of a majority stake in Spectrum Risk Management, a specialist MGA headquartered in Dubai that focuses on marine and property insurance and reinsurance. This is the 16th acquisition for Nexus since …
Ohio Food Plant Faces $1.9M in Fines After Worker’s Leg Amputation
Insurance Journal | April 10, 2023
Ohio Food Plant Faces $1.9M in Fines After Worker’s Leg Amputation
While working the overnight sanitation shift at an Ohio food processing plant, a 29-year-old temporary worker – on the job just nine months – suffered critical injuries after falling into an industrial blender he was cleaning and became caught in …
Detroit Apartment Fire Injures 11
Insurance Journal | April 10, 2023
Detroit Apartment Fire Injures 11
DETROIT (AP) – About a dozen people were hurt in an apartment building fire early Friday morning on Detroit’s west side. Twenty people were displaced and 11 people suffered injuries including smoke inhalation, bumps and bruises, Fire Chief James Harris …
Kansas Passes Anti-ESG Bill
Insurance Journal | April 10, 2023
Kansas Passes Anti-ESG Bill
TOPEKA, Kan. (AP) – A proposal designed to thwart investing that considers environmental, social and governance factors has cleared the Kansas Legislature, but divisions within its GOP majorities kept the measure from being as strong as some conservatives wanted. Lawmakers …
Brazil Class-Action Lawsuit Seeks $2.5B in Damages From Alleged Orange Juice Cartel
Insurance Journal | April 10, 2023
Brazil Class-Action Lawsuit Seeks $2.5B in Damages From Alleged Orange Juice Cartel
Giants of the orange juice trade in Brazil have become defendants in a class-action lawsuit seeking $2.5 billion in damages over an alleged scheme to fix prices between 1999 and 2006, a prosecutor told Reuters. Federal Prosecutor Karen Kahn said …
Arthur J. Gallagher & Co. Acquires Texas’ Boley-Featherston
Insurance Journal | April 10, 2023
Arthur J. Gallagher & Co. Acquires Texas’ Boley-Featherston
Arthur J. Gallagher & Co. announced the acquisition of Wichita Falls, Texas-based Boley-Featherston Insurance. Terms of the transaction were not disclosed. Boley-Featherston is a retail insurance agency with expertise in oil and gas, construction, health care and benefits consulting, serving …
Students Flunk Test for Class Action Over Covid Cutbacks by University
Insurance Journal | April 10, 2023
Students Flunk Test for Class Action Over Covid Cutbacks by University
A federal court has rejected a proposed class action by students against Boston University over alleged damages they suffered due to cutbacks by the school during the Covid-19 pandemic. The students sought a refund of payments they made for tuition …
Q1 Commercial P/C Rates Hold Steady, Up 5%: MarketScout
Insurance Journal | April 10, 2023
Q1 Commercial P/C Rates Hold Steady, Up 5%: MarketScout
In a “deliberate and modest fashion,” the composite rate for commercial property and casualty lines increases 5% during the first quarter 2023, according to MarketScout. The Dallas-based distribution and underwriting company’s Market Barometer showed cyber lead the way with a …
Washington Shutters Pot Businesses Due to Old Pesticide
Insurance Journal | April 10, 2023
Washington Shutters Pot Businesses Due to Old Pesticide
Cannabis regulators have halted operations at several outdoor pot farms and processing facilities on a stretch of former fruit orchards in north- central Washington state after testing found high levels of chemicals related to a dangerous pesticide used decades ago. …