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News – Insurance Journal
Florida Rate Hearing Highlights Southern Fidelity’s Dire Position, Lack of Action on Senate Bill
The head of one of the larger property insurance companies in Florida said Friday that without a doubling of some of its rates, it will be forced to seek more capital from investment firms, a prospect that may not be …
POSTED JANUARY 24, 2022 6:03 AM |
Maine College Settles with Female Coaches on Pay, Treatment
Attorneys for a Maine college and five female athletics coaches said Friday they have reached a settlement stemming from a lawsuit over fair pay and working conditions. Lawyers representing Colby College and the coaches released a joint statement that said …
POSTED JANUARY 24, 2022 6:00 AM |
Ford Motor, ADT $105M Joint Venture Targets Vehicle Security Systems
Ford Motor Co. and ADT Inc. have launched a $105 million joint venture, Canopy, to develop and market in-vehicle security systems for commercial and retail customers, the companies said. The first standalone systems, due in about 12 months, will employ …
POSTED JANUARY 24, 2022 6:00 AM |
VW Pays $3.5M to Settle Diesel Emissions Claims with Ohio
Volkswagen AG agreed to a $3.5 million settlement with Ohio over claims the German automaker violated state laws by manipulating vehicle computer software in its vehicles to mask carbon dioxide emissions, the state attorney general said. In November, the U.S. …
POSTED JANUARY 24, 2022 6:00 AM |
Sarah Palin’s Defamation Trial Against New York Times Opens
Palin, the former Alaska governor and 2008 Republican vice presidential nominee, has spent 4-1/2 years battling the New York Times over an editorial she said falsely linked her to a deadly Arizona mass shooting that left a U.S. congresswoman seriously …
POSTED JANUARY 24, 2022 6:00 AM |
New Hampshire Opioid Trial Against Johnson & Johnson Delayed Until September
New Hampshire has postponed a pending trial against drugmaker Johnson & Johnson over opioid distribution and marketing from February to September because of COVID-19 concerns. The state of New Hampshire was scheduled to face a jury trial on Feb. 2 …
POSTED JANUARY 24, 2022 6:00 AM |
California Commissioner OKs FAIR Plan Coverage Options for Farms and Ag Businesses
California Insurance Commissioner Ricardo Lara on Friday approved the FAIR Plan to offer new commercial coverage for farm structure risks starting Feb. 1. The FAIR Plan is an association made up of all admitted insurance companies to be the state’s …
POSTED JANUARY 21, 2022 9:16 PM |
Mississippi Moves Closer to Medical Marijuana
Mississippi is moving closer to joining most other states in allowing people to use marijuana to relieve medical conditions. The state House voted 104-14 Wednesday to pass a bill that would create a medical marijuana program. The bill passed the …
POSTED JANUARY 21, 2022 5:56 PM |
Allstate Buys Downtown Chicago Office Building After Selling Northbrook Campus
The Allstate Corp. has acquired an office building in downtown Chicago months after agreeing to sell most of its campus in Northbrook, Illinois. Allstate confirmed it purchased the property at 29 N. Wacker Drive in Chicago’s Loop, a 10-story office …
POSTED JANUARY 21, 2022 5:51 PM |
Relation Insurance Acquires Ginsberg Agency in New York
Relation Insurance Services, a national insurance agency based in California, has acquired the assets of New York-based Ginsberg Agency, the company announced Thursday. Terms of the deal were not disclosed. Ginsberg specializes in commercial lines, particularly the construction industry, as …
POSTED JANUARY 21, 2022 5:46 PM |
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