Insurance News

Insurance Journal Insurance Journal delivers the latest business news for the Property/Casualty insurance industry

  • McDonald’s Investors Demand Civil Rights Audit in Close Vote
    by Admin on May 27, 2022 at 4:11 pm

    McDonald’s Corp. investors voted in favor of a proposal calling for an independent civil-rights audit, going against the company’s recommendation, according to preliminary vote totals viewed by Bloomberg. The fast-food chain joins the ranks of other large businesses facing a …

  • Recreational Marijuana Validated for Ballot in South Dakota
    on May 27, 2022 at 3:44 pm

    South Dakota voters are set to vote again on whether they want recreational marijuana legalized for adults after the secretary of state on Wednesday validated the initiated measure for the November ballot. Secretary of State Steve Barnett announced that a …

  • Ohio Supreme Court: Ditch Diggers Misclassified as Independent Contractors
    by Jim Sams on May 27, 2022 at 3:41 pm

    Ditch diggers who accepted work assignments online and used their own spades and shovels to do the work cannot be classified as independent contractors by a company that contracted with Time Warner Cable to install underground lines, a divided Ohio …

  • Lawsuit: 13-Year-Old’s Hands Up When Shot by Chicago Officer
    on May 27, 2022 at 3:38 pm

    A 13-year-old boy shot in the back by a Chicago police officer was unarmed and had his arms raised to surrender when he was hit by the bullet, according to a lawsuit filed Thursday, saying the incident illustrates deeply flawed …

  • Texas Mutual to Award $1.1M in Safety Education Grants to 11 Texas Colleges
    on May 27, 2022 at 3:30 pm

    Texas Mutual Insurance Company is awarding $1.1 million in grants to 11 colleges across Texas to fund workplace safety courses for employers, workers and the general public. Texas Mutual—the state’s leading provider of workers’ compensation insurance—began its commitment to supporting …

  • Abandoned Louisiana Oil Wells Slated to Receive Clean Up in Infrastructure Bill
    by Admin on May 27, 2022 at 3:28 pm

    About $33 million of the $1 trillion bipartisan infrastructure plan recently signed into law by President Joe Biden will go toward cleanning up 277 of an estimated 15,000 abandoned oil and gas wells on federal land, the nation’s interior secretary …

  • Milestone Partners Acquires Louisiana’s GoAuto
    on May 27, 2022 at 3:25 pm

    Milestone Partners acquired specialty auto insurance holding company Drive Assurance Holdings LLC (“Drive Assurance”) and the related acquisition of GoAuto, LLC (“GoAuto”) and its affiliated technology platform, Adaptive Information Technologies, LLC (“AIT”). GoAuto calls itself a tech-focused, vertically integrated personal …

  • U.S. Consumer Spending Beats Expectations in April; Inflation Likely Peaked
    by Admin on May 27, 2022 at 3:18 pm

    U.S. consumer spending rose more than expected in April, while annual inflation appeared to have peaked, which could help to underpin economic growth in the second quarter amid rising fears of a recession. Consumer spending, which accounts for more than …

  • People’s Trust, Southern Fidelity Stop Writing New Business in Florida
    by William Rabb on May 27, 2022 at 2:51 pm

    Two more property insurers, including two of Florida’s larger carriers, did not wait around to see what help the just-concluded special session of the Legislature may provide, and have stopped new business in the state. People’s Trust, once listed as …

  • Blaze Burns 3 Large Buildings in Alaska Village
    on May 27, 2022 at 2:18 pm

    Firefighters have contained a blaze in the southwest Alaska village of Kasigluk that burned three buildings, including a school building, according to the Alaska Division of Forestry. Air tankers and smokejumpers responded to the fire, which the division said Thursday …