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Category: Insurance Journal

Cowbell Secures $60M Series C Funding From Zurich
Insurance Journal | July 30, 2024
Cowbell Secures $60M Series C Funding From Zurich
Cowbell, a provider of cyber insurance for small and medium-sized enterprises (SMEs), announced on July 26 that it has closed a $60 million Series C equity investment from Zurich Insurance Group, a global multiline insurer. “This investment from Zurich is …
Minnesota Adds Stricter Guidelines for Rehabilitation Services in Work Comp Claims
Insurance Journal | July 30, 2024
Minnesota Adds Stricter Guidelines for Rehabilitation Services in Work Comp Claims
Injured Minnesota employees who seek services from the Department of Labor and Industry’s Vocational Rehabilitation unit (VRU) while their disputed workers’ compensation claim goes through the litigation process will soon face new eligibility rules. Effective Aug. 1, 2024, if the …
South Africa Races to Contain Oil Spill From Wrecked Cargo Ship
Insurance Journal | July 30, 2024
South Africa Races to Contain Oil Spill From Wrecked Cargo Ship
South Africa dispatched crews to contain an oil spill from a cargo vessel that ran aground earlier this month because of extreme weather conditions. Strong waves eroded the hull of the 125-meter (410-foot) MV Ultra Galaxy, which beached at Brand …
People Moves: BevCap Management Names Vehovic VP of Dealer Risk Services; Skyward Specialty Adds Miglin and Smith
Insurance Journal | July 30, 2024
People Moves: BevCap Management Names Vehovic VP of Dealer Risk Services; Skyward Specialty Adds Miglin and Smith
BevCap Management, LLC, headquartered in McKinney, Texas, hired Danny Vehovic as vice president of dealer risk services. Vehovic will be focusing on risk consulting and business development for Dealer Management Group, a homogeneous group captive for franchise auto dealers and …
Indiana Contractor Faces $199K Fine for Exposing Workers to Deadly Falls
Insurance Journal | July 30, 2024
Indiana Contractor Faces $199K Fine for Exposing Workers to Deadly Falls
Twice in less than two weeks, federal workplace safety inspectors found an Indiana contractor exposing employees to deadly risks of falls from elevation while they did framing work at two homes under construction in Perrysburg, Ohio Inspectors with the U.S. …
Typhoon Remnants Bring Rains, Floods That Kill Four in China
Insurance Journal | July 30, 2024
Typhoon Remnants Bring Rains, Floods That Kill Four in China
Torrential rain and floods killed four people and spurred the evacuation of thousands from homes in China’s southern province of Hunan, lashed by record rainfall from the remnants of Typhoon Gaemi, state media said on Tuesday. Days of heavy rain …
Reinsurer SCOR’s Recovery Clouded by First Quarterly Loss Since 2022
Insurance Journal | July 30, 2024
Reinsurer SCOR’s Recovery Clouded by First Quarterly Loss Since 2022
SCOR SE reported its first quarterly loss since 2022, delivering a setback to Chief Executive Officer Thierry Leger. The Paris-based reinsurer posted a loss of €308 million ($333 million) in the three months through June, missing analyst estimates. The result …
Ohio Supreme Ct.: Chicken Wings Advertised as ‘Boneless’ Can Have Bones
Insurance Journal | July 30, 2024
Ohio Supreme Ct.: Chicken Wings Advertised as ‘Boneless’ Can Have Bones
Consumers cannot expect boneless chicken wings to actually be free of bones, a divided Ohio Supreme Court ruled last week, rejecting claims by a restaurant patron who suffered serious medical complications from getting a bone stuck in his throat. Michael …
Texas Crude Oil Pipelines Are Full to the Brim and Getting Worse
Insurance Journal | July 30, 2024
Texas Crude Oil Pipelines Are Full to the Brim and Getting Worse
Crude oil pipelines connecting the busiest Texas oil fields to a critical export hub across the state are nearly out of space, threatening to cap US oil exports at a time when the world needs more. Key pipelines that transport …
Companies ‘Paralyzed’ as Australia Plans Tough Climate Rules
Insurance Journal | July 30, 2024
Companies ‘Paralyzed’ as Australia Plans Tough Climate Rules
Australia’s plans to introduce stringent rules on climate disclosures are driving up concerns among businesses about compliance in one of the world’s biggest per-capita emitters. More than 6,000 companies including listed and unlisted firms, financial institutions and asset owners will …