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News Archives - Insurance Journal
West Texas Dollar General Store Hit With $294K Penalty
A federal workplace safety inspection at another Dollar General store, this time in Lamesa, Texas, found exit routes and walkways blocked and merchandise unsafely stacked, conditions that exposed employees and others to fire hazards and struck-by injuries that have been …
POSTED JUNE 06, 2023 4:42 PM |
3 Bodies Recovered in Iowa Building Collapse; Lawsuit Accuses City, Owners of Negligence
DES MOINES, Iowa (AP) – The bodies of three men have been removed from the site of a collapsed six-story apartment building in Davenport, Iowa, about a week after part of the century-old structure tumbled to the ground, the city’s …
POSTED JUNE 06, 2023 4:39 PM |
Skyward Specialty Offering 3.85M in Shares
Skyward Specialty Insurance Group, Inc announced that The Westaim Corporation is offering 3,850,000 shares of the Company’s common stock in an underwritten public offering. In addition to The Westaim Corporation, certain other stockholders (the “Selling Stockholders”) have also granted the …
POSTED JUNE 06, 2023 4:35 PM |
Hub Acquires Ohio’s HORAN Associates
Hub International Limited announced that it has acquired the employee benefits assets of HORAN Associates, Inc. and HORAN Smart Business, LLC (collectively HORAN Health). Terms of the transaction were not disclosed. With HORAN Health, Hub creates a new regional hub …
POSTED JUNE 06, 2023 4:32 PM |
Ryan Specialty Acquires Texas’ Point6
Ryan Specialty announced it has signed a definitive agreement to acquire certain assets of Point6 Healthcare, LLC (“Point6”), a distributor of medical stop loss insurance, pharmacy solutions, and complex claims management on behalf of retail brokers and third party administrators. …
POSTED JUNE 06, 2023 4:30 PM |
Florida OIR Hearing Set for Citizens’ Latest Rate Increases
The Florida Office of Insurance Regulation will hold a rate hearing Thursday, June 8, on Citizens Property Insurance Corporation’s proposed 12.5% average increase for homeowners and larger increases for other types of policies. The state-created insurance company, established more than …
POSTED JUNE 06, 2023 4:25 PM |
Florida Commissioner Names Two to Top Regulatory Spots
Florida’s insurance commissioner has appointed two longtime veterans of the department to high-level regulatory positions. Virginia Christy’s name will be familiar to anyone who has read Florida Office of Insurance Regulation consent orders when property insurers are deemed insolvent. Since …
POSTED JUNE 06, 2023 3:26 PM |
Viewpoint: Impact of Florida Tort-Reform Bill Becomes Clear, But Litigation Expected
On March 24, 2023, Governor Ron DeSantis signed into law House Bill 837, resulting in the enactment of sweeping tort reform (“the Act”). The Act impacts various aspects of the civil justice system. The most salient features of this latest …
POSTED JUNE 06, 2023 2:31 PM |
Airlines Urge Co-Operation to Help Curb Emissions
Airlines on Tuesday called for co-operation on a broad front to reach “very tough” emission targets and pledged at the end of a three-day summit to release interim climate targets next year. The International Air Transport Association (IATA), grouping 300 …
POSTED JUNE 06, 2023 2:25 PM |
Jury Should Decide ‘Borrowed Employee’ Liability, New Jersey High Court Affirms
The New Jersey Supreme Court has affirmed that whether an employer is vicariously liable under the borrowed-employee doctrine is a question of fact that should be decided by the jury, not the judge, unless the evidence is obviously one-sided. The …
POSTED JUNE 06, 2023 2:08 PM |
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