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Tag: insurance-journal

Group Calls New Jersey’s Toxic Waste Dump Settlement ‘Woefully Inadequate’
Insurance Journal | December 20, 2024
Group Calls New Jersey’s Toxic Waste Dump Settlement ‘Woefully Inadequate’
Years of toxic waste dumping in a Jersey Shore community where childhood cancer rates rose caused at least $1 billion in damage to natural resources, according to an environmental group trying to overturn a settlement between New Jersey and the …
People Moves: Chubb’s Westchester Announces New Head of Programs, COO
Insurance Journal | December 20, 2024
People Moves: Chubb’s Westchester Announces New Head of Programs, COO
Westchester, a Chubb Company and Chubb’s excess and surplus lines division, named Nick Gatt, previously chief operating officer (COO) for Westchester Programs, as head of Westchester Programs. Gatt will oversee strategy, underwriting and profitability. Gatt succeeds Franklin Sanders, who has …
G-7 Considers Options to Harden Price Cap on Russian Oil
Insurance Journal | December 20, 2024
G-7 Considers Options to Harden Price Cap on Russian Oil
Group of Seven nations are exploring ways to toughen the price cap on Russian oil as they seek to better target Moscow’s ability to fund its war against Ukraine, according to people familiar with the matter. Options under consideration range …
Singapore’s bolttech, Valued at $2.1 Billion, Raises More Than $100 Million
Insurance Journal | December 20, 2024
Singapore’s bolttech, Valued at $2.1 Billion, Raises More Than $100 Million
Singapore-headquartered insurance technology firm bolttech has raised more than $100 million in its latest funding round, led by Dragon Fund of Mitsubishi UFJ Financial Group and fintech direct lender Liquidity Group, it said on Friday. The Series C funding round …
Grubhub to Pay $25M in Deceptive Business Settlement With Illinois AG and FTC
Insurance Journal | December 20, 2024
Grubhub to Pay $25M in Deceptive Business Settlement With Illinois AG and FTC
SPRINGFIELD, Ill. (AP) — Grubhub Inc., an online food ordering and delivery platform, will pay $25 million to settle a dispute over alleged deceptive business practices with the Illinois attorney general and the Federal Trade Commission, officials said Tuesday. Attorney …
People Moves: Augment Risk Tabs McElhiney to Lead New Captive Offering
Insurance Journal | December 20, 2024
People Moves: Augment Risk Tabs McElhiney to Lead New Captive Offering
Augment Risk, the reinsurance and risk capital solutions broker, announced the appointment of Steve McElhiney as partner of newly created captive and alternative risk transfer solutions offering. Based in Dallas, Steve will develop Augment Risk’s efforts in creating legacy solutions …
Auto Insurer’s Online System Breach Tied to Unemployment Fraud
Insurance Journal | December 20, 2024
Auto Insurer’s Online System Breach Tied to Unemployment Fraud
Noblr, a USAA Insurance subsidiary offering insurance through an online quoting application, will pay $500,000 following a data breach that New York officials say affected 80,000 people and led to fraudulent unemployment benefit claims. New York Attorney General Letitia James …
Amazon Agrees to Worker Safety Measures to Settle OSHA Probe
Insurance Journal | December 20, 2024
Amazon Agrees to Worker Safety Measures to Settle OSHA Probe
Amazon.com will implement safety measures at all of its U.S. facilities to settle a federal agency’s claims that it failed to prevent workers from developing back problems and other ergonomic injuries, the agency said on Thursday. Amazon settled a series …
American Airlines Settles Race Discrimination Suit by Black Men Removed From Flight
Insurance Journal | December 20, 2024
American Airlines Settles Race Discrimination Suit by Black Men Removed From Flight
American Airlines has agreed to settle a race discrimination lawsuit by three Black men who were temporarily removed from a flight at the insistence of white flight attendants, according to a court filing on Thursday. The terms of the agreement …
Surviving the ‘Silver Tsunami’: Closing the Talent, Skills Gap in Underwriting
Insurance Journal | December 20, 2024
Surviving the ‘Silver Tsunami’: Closing the Talent, Skills Gap in Underwriting
With a “silver tsunami” of skilled underwriters eligible to retire in coming years and a shift in employee expectations, recruitment and retention is a critical focus for the insurance industry right now, said experts during a November webinar hosted by …