News
New Jersey Diocese Reaches $87.5M Settlement with Sex Abuse Claimants
The Catholic Diocese of Camden, N.J., and the committee representing about 300 survivors of clergy sexual abuse have reached an $87.5 million settlement that will establish a trust to compensate the ...
Special Florida Insurance Session Welcomed, but Will It Come Soon Enough?
Florida's governor has yet to set a date for a special legislative session aimed at the property insurance crisis in the state, but some in the industry, while welcoming the gathering, said it may ...
‘Zero-Day’ Hacks Hit Record in 2021, Google Researchers Say
After a year dominated by high-profile ransomware attacks and supply chain compromises, researchers from Alphabet Inc.'s Google have identified another ignominious cyber milepost for 2021: a record ...
Labor Board Judge Rules Amazon Must Reinstate Fired Warehouse Worker
A judge has ruled Amazon must reinstate a former warehouse employee who was fired in the early days of the pandemic, saying the company "unlawfully" terminated the worker who led a protest calling ...
Executives on the Move at RIMS, RMS, EIS, AmericanAg
RIMS announced that Gary LaBranche will take over as the society's new CEO on June 1 following the retirement of Mary Roth, who served for 37 years at RIMS. Since March 2017, LaBranche has served as ...
Travelers CEO Schnitzer: Loss Costs ‘Challenging as Ever to Predict’
In the words of its CEO, there's a "fair amount to pay attention to" from the first-quarter earnings call of Travelers, as the P/C insurer grew net written premiums 11 percent to a record $8.4 ...
Insurance Journal Announces New Online Charity Portal
Insurance Journal, Carrier Management's sister publication, has announced the launch of a new portal highlighting charitable stories in the insurance industry. What was once a single magazine issue ...
Tokio Marine Launches $42M Corporate Venture Capital Arm to Support Early-Stage Startups
Tokio Marine Holdings Inc. has launched a Silicon Valley-headquartered corporate venture capital (CVC) fund. The company has committed $42 million to the initial fund with plans to deploy more ...