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Uber Hit With £250 Million Suit From London’s Black Cab Drivers Uber Technologies Inc. was sued by thousands of London’s black cab drivers in a suit seeking hundreds of million pounds accusing it of unlawfully operating in the capital city. The claim alleges Uber improperly obtained a license to operate in …
POSTED MAY 03, 2024 6:41 AM |
AXA, Apollo’s Athora Scrap Life-Insurance Deal in Germany Athora Holding Ltd., an insurance affiliate of Apollo Global Management Inc., and AXA SA have terminated a deal to transfer life insurance policies in Germany almost two years after announcing it. The deal was meant to shift €19 billion ($20.3 …
POSTED MAY 03, 2024 5:54 AM |
Rising Prices, Low Satisfaction Drive 49% of Customers to Shop For New Auto Insurance Increased premiums combined with lackluster customer satisfaction scores are driving record numbers of auto insurance customers into the market for a new policy, according to the J.D. Power 2024 U.S. Insurance Shopping Study. Nearly half (49%) of U.S. auto insurance …
POSTED MAY 03, 2024 5:39 AM |
An Origin Story: The History of the Professional Liability Underwriting Society The Professional Liability Underwriting Society (PLUS), as it exists today, does not have a written narrative or any acknowledgment on its website about how the organization was created, the timeline, the individuals primarily involved, or all the events that had …
POSTED MAY 03, 2024 5:13 AM |
Miami Retirement Fund Class Action Alleges Globe Life Officers Concealed Fraud After an investment research firm dropped a bombshell last month and sent shares of Globe Life Inc. plunging by 53%, the insurance company denied the allegations that officers had concealed fraud and sexual harassment issues. But this week, the City …
POSTED MAY 03, 2024 5:01 AM |
Florida’s Heritage Insurance Sees More Profits in Q1 This Year Heritage Insurance Holdings Inc. (HRTG) on Wednesday reported earnings of $14.2 million in its first quarter of this year, about the same as earnings for Q1 of 2023, but down from the $31 million in net income reported for the …
POSTED MAY 03, 2024 5:01 AM |
Abuse Probe Into New Orleans Catholic Clergy Expands NEW ORLEANS (AP) — Authorities have expanded an investigation of clergy sexual abuse in the Roman Catholic Church in New Orleans to include senior church officials suspected of shielding predatory priests for decades and failing to report their crimes to …
POSTED MAY 03, 2024 5:01 AM |
Probe Into Death of Nurse on Home Visit Alleges Employer Failed to Protect Workers A home health care company failed to protect a visiting nurse who was killed during an appointment with a convicted rapist at a Connecticut halfway house and should be fined about $161,000, federal workplace safety officials said Wednesday. The Occupational …
POSTED MAY 03, 2024 5:00 AM |
Marsh McLennan Agency Acquires Long Island Broker AC Risk Management Marsh McLennan Agency, a subsidiary of Marsh, reported it has acquired AC Risk Management (ACRM), an independent commercial lines brokerage based in Melville, New York. Terms of the acquisition were not disclosed. Founded in 2012, ACRM primarily offers property/casualty insurance …
POSTED MAY 03, 2024 5:00 AM |
Crews Expect to Refloat, Remove Ship That Crashed Baltimore Bridge Soon At the site of the Francis Scott Key Bridge collapse, crews plan to refloat and remove the grounded Dali container ship within roughly the next 10 days, allowing more maritime traffic to resume through Baltimore’s port. The ship, which lost …
POSTED MAY 03, 2024 5:00 AM |
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