Insurance Journal delivers the latest business news for the Property/Casualty insurance industry
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Higginbotham Adds South Florida Benefits Agency to Team

Texas-headquartered Higginbotham, one of the largest independent insurance and benefits firms, has added Adams Benefits of Boca Raton, Florida, to its team, the company said in a news release. The move marks an expansion into south Florida for Higginbotham, which …

Fri Apr 26, 2024 18:38
US Probes Tesla Recall of 2 Million Vehicles Over Autopilot, Citing Concerns

U.S. auto safety regulators said Friday they have opened an investigation into whether Tesla’s recall of more than 2 million vehicles announced in December to install new Autopilot safeguards is adequate. The National Highway Traffic Safety Administration (NHTSA) said it …

Fri Apr 26, 2024 18:38
NC Agent, Missouri Lawyers Convicted in $4M Tax Shelter, Insurance Scheme

A federal jury on Thursday found a North Carolina insurance agent and two Missouri lawyers guilty on all counts in a $4 million tax evasion scheme that also defrauded an insurance carrier. The jury in Charlotte, said licensed agent and …

Fri Apr 26, 2024 18:38
Ban on Worker Noncompetes Faces Uphill Legal Battle

The U.S. Federal Trade Commission’s ban on “noncompete” agreements commonly signed by workers is likely vulnerable to legal challenges, experts said, as some courts have grown increasingly skeptical of federal agencies’ power to adopt broad rules. The commission in unveiling …

Fri Apr 26, 2024 18:38
Report: Cybercrime ‘A Thriving Business’ as US Claims Frequency Rises

Cyber claims frequency in the U.S. rose 13% last year, a new report shows. According to Coalition’s 2024 Cyber Claims Report, released this week, cybercrime is “a thriving business that adversely impacts” the economy. In 2023, there were more than …

Fri Apr 26, 2024 17:37
Class Action Opposes Limiting Ship’s Liability for Baltimore Bridge Collapse

A Baltimore small business has filed a class action against the owner and operator of the cargo ship Dali that crashed into the Francis Scott Key Bridge last month. The suit, filed Thursday by the Karen Austin, the founder of …

Fri Apr 26, 2024 16:36

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