Yearly Archives: <span>2022</span>

Sept. 11 Victims Seek Seizure of Iran Oil From U.S.-Owned Tanker

Victims of the Sept. 11, 2001, attacks asked a U.S. judge to order the seizure of Iranian crude oil from a tanker owned by an American private equity firm, to help satisfy a $3.61 billion judgment against Iran over the …

Element Risk Management Acquires Pennsylvania’s Ross Insurance

Element Risk Management has acquired Ross Insurance, a personal and commercial lines agency located in Lancaster, Pennsylvania. Terms of the transaction were not disclosed. Ross Insurance was founded in 1960 by Bill Ross Sr. and Sondra Ross. Brothers Richhi Ross …

Russian Cyberattacks May Test Insurer War Exclusion Policy Language

The Russian invasion of Ukraine has increased the risk of cyberattacks and potential claim costs for property/casualty (P/C) insurers globally that offer cyber coverage, the majority of which is underwritten in North America. Such attacks may also further test the …

Texas Workers’ Comp Division Reports 78K COVID-19 Claims

The Texas Department of Insurance, Division of Workers’ Compensation (DWC) reported more than 78,000 COVID claims and 422 fatalities as of Feb. 6, 2022. DWC’s March report, “COVID-19 In The Texas Workers’ Compensation System,” is based on a data call …

Israeli Ice Cream Maker Sues Ben & Jerry’s for Damages Over Boycott

Ben & Jerry’s was sued on Thursday by its longtime Israeli ice cream manufacturer, which said the company illegally severed their 34-year relationship after halting sales in Israeli-occupied Palestinian territories. Avi Zinger said Ben & Jerry’s refused to renew the …

2021 Natural Catastrophe Losses From Major Events Reached $56.92B – Here’s Why

This post is part of a series sponsored by CoreLogic. When a natural catastrophe hits a community, there can be significant long-term impacts. When a large portion of the local population leaves the area during the rebuild process, local economies …

Two Kansas City Workers Die in Trash Truck Fire

A second Kansas City worker has died from injuries after a trash truck crashed and caught fire, police said. The crash happened the morning of March 1 as the trash truck tried to exit Interstate 435 onto Front Street in …

Mississippi-based Cadence Combines Insurance, HR Subsidiaries

Cadence Bank, found in parts of the South and Midwest, has merged two of its own subsidiaries to provide customers with a wider range of financial, human resource and insurance services, the company announced. Cadence Bank is a commercial bank …

$300K Settlement with Biker Club Member in Las Vegas Traffic Stop Dispute

Las Vegas police have agreed to a $300,000 settlement with the estate of a California man who said he was illegally questioned by officers during a traffic stop of a van carrying members of a motorcycle club. James Iiams, a …

HUB International Adds Financial Firm in Louisville

The global insurance brokerage known as HUB International has acquired Kentucky-based Taylor Advisors, a financial consulting and investment firm. The acquisition will expand HUB’s financial institutions specialty practice, the company said in a news release. Taylor has offices in Louisville. …