News Center
News Archives - Insurance Journal
Viewpoint: Can Intelligent Automation Ensure the Survival of the Insurance Industry?
The economic viability of the insurance industry’s current business model has been in question for several years. McKinsey’s 2022 Global Insurance Report shows that 52% of the industry’s global equity had a return on equity (ROE) lower than their cost …
POSTED AUGUST 19, 2022 8:29 AM |
Technology Delivering New Data Sources for Claims Investigations
The driver of the 2021 Toyota Sienna said he crashed because another car bumped the rear of his vehicle while passing on the right, causing him to lose control. It was the wrong car for lying about the cause of …
POSTED AUGUST 19, 2022 6:08 AM |
Record-Breaking Pace for U.S. Product Recalls, Says Sedgwick
The number of U.S. products recalled this year has already surpassed 1 billion, according to the U.S. product recall index recently released by Sedgwick’s brand protection division. Only two other years on record have seen more than 1 billion units …
POSTED AUGUST 19, 2022 5:15 AM |
Forged Signatures, Fake Policies? Lawsuits Raise Questions About Captive Insurance Plan
The owners of one of the oldest insurance agencies in Texas must have felt pretty surprised when they were named in a federal lawsuit brought by an AIG company, alleging the agency was part of an elaborate fraud that forged …
POSTED AUGUST 19, 2022 5:01 AM |
Florida’s Deadly High Speed Rail to Get $25 Million Safety Improvement
Tracks used by the nation’s deadliest railroad will see added fencing to keep pedestrians away and safety improvements at crossings under a $25 million federal grant announced Monday. Brightline and government officials announced the grant as the privately owned passenger …
POSTED AUGUST 19, 2022 5:01 AM |
Fire Consumes Once Famous Grossinger’s Hotel in New York’s Catskills
LIBERTY, N.Y. — A fire consumed a building at the site of the long-closed Grossinger’s resort, once among the most storied and glamorous hotels in New York’s Catskills. In its heyday after World War II, Grossinger’s drew hundreds of thousands …
POSTED AUGUST 19, 2022 5:00 AM |
Delaware Climate Lawsuit Against Oil Industry Is State Issue: Federal Court
A federal appeals court has ruled that a lawsuit filed by Delaware’s attorney general seeking to hold the petroleum industry responsible for climate change effects in the state must be heard in state court instead of federal court. Wednesday’s ruling …
POSTED AUGUST 19, 2022 5:00 AM |
PCF Acquires John E. Peakes Insurance Agency in California
PCF Insurance Services acquired John E. Peakes Insurance Agency Inc. in Ventura, California. John E. Peakes is a family-owned, personal lines agency. They offer personal, business, gym, fitness studios, restaurants, and apartment building insurance options. Lehi, Utah-based PCF is a …
POSTED AUGUST 19, 2022 5:00 AM |
Former California Insurance Agent Arrested for Theft, Operating Fraudulent Agency
Francis Okyere, 70, a previously licensed insurance agent in Westlake Village, California, was arrested in relation to a scheme that involved him allegedly stealing multiple victims’ identities and using them to open a fraudulent insurance agency. The victims’ identities were …
POSTED AUGUST 19, 2022 5:00 AM |
Texas-Based Supermarket Faces $1 Million in Fines over Unsafe Working Conditions
Despite a history of violations and worker injuries dating back almost a decade, Fiesta Mart LLC – a Houston-based supermarket operator – continues to fail in its legal obligations to protect employees. Made apparent after federal inspections in February and …
POSTED AUGUST 18, 2022 4:42 PM |
Blog
NOTICE: The links and articles found on or within this news center are simply for informational purposes that we believe may be of benefit to our clients and/or website visitors. By providing these links on our website, we are not recommending or endorsing the use of the particular products or services these third parties offer. Nor does Carpenter & Company confirm, corroborate or agree to the statistics or opinions on these links and articles. We urge you to review each website’s Privacy Policy, Disclaimers, and develop an independent opinion of the service or product for any link pursued.
|