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Tag: insurance-journal

Oklahoma Workers’ Compensation Commission Votes to Reduce MITF Assessment
Insurance Journal | June 20, 2025
Oklahoma Workers’ Compensation Commission Votes to Reduce MITF Assessment
The Oklahoma Workers’ Compensation Commission announced that it voted this spring to reduce the Multiple Injury Trust Fund assessment on workers’ compensation coverage providers from 7% to 6.29%. This is the first reduction in five years, the WCC said. The …
Toyota Files $361 Million South Africa Flood Damage Lawsuit: BD Report
Insurance Journal | June 20, 2025
Toyota Files $361 Million South Africa Flood Damage Lawsuit: BD Report
Toyota Motors Corp. has brought a lawsuit for 6.5 billion rand ($361 million) in a South African court for 2022 flood damages that shuttered its plant near Durban, Business Day reported. The claim against Transnet SOC Ltd., the KwaZulu-Natal Department …
Ex-Shell US Oil Trading Boss Claims He’s Owed $29 Million Bonus
Insurance Journal | June 20, 2025
Ex-Shell US Oil Trading Boss Claims He’s Owed $29 Million Bonus
Shell Plc’s former head of oil trading in the US was stiffed on his 2020 bonus by more than $29 million, he claims in a lawsuit that shines a light on compensation inside the oil major’s lucrative trading unit. John …
AmRisc Launches Reciprocal Exchange for Commercial E&S Market
Insurance Journal | June 20, 2025
AmRisc Launches Reciprocal Exchange for Commercial E&S Market
AmRisc, a subsidiary of Alabama-based CRC Group and Truist Insurance Holdings, has launched a reciprocal exchange, initally writing in Florida, Georgia, Alabama, California and Colorado, the company announced this week. Calais Reciprocal Insurance Exchange is domiciled in Illinois and plans …
Former Connecticut Trooper Accused of Workers’ Compensation Fraud
Insurance Journal | June 20, 2025
Former Connecticut Trooper Accused of Workers’ Compensation Fraud
A former Connecticut state police trooper has been arrested and charged with collecting workers’ compensation benefits totaling $8,341.00 during his employment with the Connecticut Department of Emergency Services and Public Protection (DESPP). Jose Campos, age 32, of Winsted, was arrested …
Pano AI in California Raises $44M Series B to Scale Early Detection
Insurance Journal | June 20, 2025
Pano AI in California Raises $44M Series B to Scale Early Detection
San Francisco, California-based Pano AI announced the close of its $44 million Series B funding round. The round, which brings its total amount raised to $89 million, was led by new investor Giant Ventures, with additional new participation from Liberty …
Waymo Applies for NYC Testing Permit, Sending Uber and Lyft Shares Lower
Insurance Journal | June 20, 2025
Waymo Applies for NYC Testing Permit, Sending Uber and Lyft Shares Lower
Alphabet Inc.’s Waymo has applied for a permit to test its robotaxis in New York City, underscoring its intent to operate in one of the largest ride-hailing markets in the US despite an absence of local regulations supporting commercially operated …
SpaceX’s Starship Explodes on Test Stand in Yet Another Setback
Insurance Journal | June 19, 2025
SpaceX’s Starship Explodes on Test Stand in Yet Another Setback
A SpaceX Starship rocket exploded on a test stand in Texas, adding to a series of setbacks to Elon Musk’s space ambitions that include trips to Mars. The huge blast enveloped the craft as it stood upright on a test …
Krispy Kreme Starts Notifying Over 160,000 People Affected by Data Breach
Insurance Journal | June 19, 2025
Krispy Kreme Starts Notifying Over 160,000 People Affected by Data Breach
Krispy Kreme released new information about its late 2024 data breach and said it is notifying affected individuals—many of them current or former employees, and their families. According to a post on its website and a notification to the attorney …
Plenty of Investor Interest in Insurance Despite Drop in Deal Volume, Says PwC
Insurance Journal | June 19, 2025
Plenty of Investor Interest in Insurance Despite Drop in Deal Volume, Says PwC
Deal volume is down but the total value of the deals that were made is up, according an analysis by PwC of mergers and acquisitions in the insurance sector. The look at M&A activity showed total deal value within the …