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Hiscox Confirms Chairman Bloomer Died During Yacht Accident Off Coast of Sicily

Carrier Management

Hiscox Confirms Chairman Bloomer Died During Yacht Accident Off...

Posted: Aug 26, 2024

Union Rep Says WV Governor Still Late on Greenbrier Bills

Insurance Journal

CHARLESTON, W.Va. (AP) — West Virginia Gov. Jim Justice’s family is millions of dollars behind on payments to employees’ health insurance fund at their financially beleaguered hotel, putting workers’ coverage at risk despite the U.S...

Posted: Aug 26, 2024

Fires Burn on Houthi-Hit Oil Tanker but No Spill Yet, EU Says

Insurance Journal

Fires were burning around the oil tanks of a ship that was attacked by Houthi militants in the Red Sea, but there were no signs of a spill so far, the European Union naval force in the region said. Flames …

Posted: Aug 26, 2024

Australians Can Now Legally Ignore Work Calls, Emails After Hours

Insurance Journal

Australians can now legally ignore unreasonable after-hours work calls and emails under new government legislation that came into effect on Monday, drawing criticism from business groups. Under the laws, employers face fines of up to A$93,000 ($63,00...

Posted: Aug 26, 2024

Captain of Sunken Superyacht Placed Under Investigation, Source Says

Insurance Journal

Italian prosecutors have placed under investigation the captain of the superyacht that sank off Sicily last week in a storm, killing British tech magnate Mike Lynch and six other people, a judicial source said on Monday. James Cutfield, a 51-year-old...

Posted: Aug 26, 2024

Update: Captain of Sunken Superyacht Placed Under Investigation

Insurance Journal

Italian prosecutors have placed under investigation the captain of the superyacht that sank off Sicily last week in a storm, killing British tech magnate Mike Lynch and six other people, one of the captain’s lawyers said on Monday. James Cutfie...

Posted: Aug 26, 2024

Australian Homeowners Struggling to Afford Insurance as Climate Risks Grow: Report

Insurance Journal

Home insurance is becoming unaffordable for a growing number of Australian households as increased climate threats drive up their premiums, potentially putting billions of dollars in mortgage loans at risk, a report said on Monday. As of March 2024,...

Posted: Aug 26, 2024

Stora Suspends Forest Harvesting After Thousands of Mussels Die

Insurance Journal

Finnish forestry company Stora Enso Oyj suspended some harvesting activities after thousands of endangered freshwater pearl mussels died at one of its sites. Harvesting was stopped in all areas across Finland where there are restrictions under the Wa...

Posted: Aug 26, 2024

Typhoon Shanshan Headed for Japan Threatens Transport Links

Insurance Journal

Typhoon Shanshan is expected to approach Japan’s southern island of Kyushu on Tuesday or Wednesday, with railway operators warning of service disruptions and an airline canceling flights. The storm is packing maximum sustained winds near its ce...

Posted: Aug 26, 2024

OCIP vs. CCIP: Choosing the Right Insurance Program for Your Construction Project

Insurance Journal

This post is part of a series sponsored by PCF Insurance Services. Matt Barber of PCF Construction offers a guide to two types of commercial construction insurance, and when each makes the most sense. In the world of construction, navigating …

Posted: Aug 26, 2024

Amazon Must Face D.C.’s Antitrust Lawsuit, Appeals Court Rules

Insurance Journal

An appeals court in Washington, D.C. revived the district’s lawsuit against Amazon.com Inc on Thursday, saying it plausibly claimed the online retailer’s pricing policies illegally stifle competition. The District of Columbia Court of App...

Posted: Aug 26, 2024

Former Citigroup Exec Suing Bank Was Fired for Performance, Company Says

Insurance Journal

Citigroup alleges that a former managing director suing the bank was fired for performance reasons, rather than for what she said were attempts by the bank to give regulators false information. On Thursday, the bank responded to a lawsuit filed &#823...

Posted: Aug 26, 2024

Microsoft, Cyber Firms to Meet on Fixes After CrowdStrike Crash

Insurance Journal

Microsoft Corp. is planning a meeting next month with cybersecurity companies that operate at the core of its Windows systems to discuss ways in which they can keep last month’s worldwide computer crash from happening again. Cyber companies — i...

Posted: Aug 26, 2024

Mailing a Letter, in Context With Other Clues, Is Sufficient Cancellation – NC High Court

Insurance Journal

Simply mailing a cancellation notice to a policyholder, when viewed in the context of other indicators, was enough to comply with state law and void a homeowner’s insurance policy shortly just weeks before a fire destroyed a home, the North &#8...

Posted: Aug 26, 2024

FCBI, a Florida Workers’ Comp Fund, Acquires MidSouth Mutual in Tennessee

Insurance Journal

FCBI, a self-insurance fund founded 45 years ago to provide workers’ compensation plans to Florida citrus growers, is expanding well beyond the Sunshine State with the acquisition of MidSouth Mutual Insurance Co. in Tennessee. MidSouth has been...

Posted: Aug 26, 2024

J&J in Talks With Holdouts to $6.5 Billion Talc Settlement

Insurance Journal

Johnson & Johnson said on Friday it is negotiating with plaintiffs’ lawyers who have opposed the company’s proposed settlement of lawsuits alleging its baby powder and other talc products caused cancer, seeking to eliminate holdouts t...

Posted: Aug 26, 2024

Worker Dies After Excavator Is Buried Under Rocks at Massachusetts Quarry

Insurance Journal

A worker was killed last Thursday morning after a portion of a rock ledge collapsed onto an excavator with the worker inside, burying it under rocks and boulders at a quarry site in Massachusetts. Firefighters and other rescue agencies responded &#82...

Posted: Aug 26, 2024

Crest Insurance Acquires Benefits Specialist DWA in Arizona

Insurance Journal

Crest Insurance Group acquired Dan Weinstein and Associates in Scottsdale, Arizona. DWA principal Dan Weinstein, who has more than 20 years of industry experience in the group benefits space, will join Crest along with the DWA staff. DWA is an &#8230...

Posted: Aug 26, 2024

Jury Sides With Teacher in Suit Against District Over Jan. 6 Rally

Insurance Journal

A Pennsylvania school district violated a teacher’s constitutional rights by falsely suggesting he took part in the U.S. Capitol riot on Jan. 6, 2021, a federal jury has concluded. After an 11-day trial, jurors found the Allentown School Distri...

Posted: Aug 26, 2024

Medical Marijuana User Fired After Drug Test Loses Unemployment Benefits Appeal

Insurance Journal

A Vermont man who was fired from his job after he said a random drug test showed he used medical marijuana while off duty for chronic pain has lost his appeal to the Vermont Supreme Court over unemployment benefits. Ivo …

Posted: Aug 26, 2024

Expert Insights on Medicare Part D for Brokers

IA Magazine

Discover cost-saving strategies, value-added services and effective cross-selling tips to help ensure client satisfaction.

Posted: Aug 25, 2024

Life Insurance Considerations for the Sandwich Generation

IA Magazine

For those categorized as the “sandwich generation"—people raising their children and taking care of their parents—ensuring they have the necessary and sufficient life coverage for their family's future needs is essential.

Posted: Aug 25, 2024

From the Front Lines: Life-Health

IA Magazine

"More education is needed to get younger people to incorporate life insurance into their retirement planning and overall investment strategy," says independent agent Colleen Corrigan. "If they purchase life insurance under the age of 40, it's fairly...

Posted: Aug 25, 2024

3 Tips for Clients With Wildfire Claims

IA Magazine

Wildfires are a wide-reaching risk that occur with little warning. The more homeowners understand about the claims process, the easier it tends to be.

Posted: Aug 25, 2024

HordeHit: The Insurance Leader’s Guide to Doomsday Prepping for Cyber Outages

IIR

It’s time for the C-suite to reflect: are employees at every level of the organization up-to-date on emergency protocols for their position should a cyber disaster occur? If they’re not, how can management deploy training that sticks if communication...

Posted: Aug 25, 2024

Jury sides with Pennsylvania teacher in suit against district over Jan. 6 rally

Insurance Journal

By MICHAEL RUBINKAM Associated Press A Pennsylvania school district violated a teacher’s constitutional rights by falsely suggesting he took part in the U.S. Capitol riot on Jan. 6, 2021, a federal jury has concluded. After an 11-day trial, jur...

Posted: Aug 25, 2024

Study of Flooded EV Batteries Raises Safety Questions

Carrier Management

Study of Flooded EV Batteries Raises Safety Questions An examination of electric vehicles damag...

Posted: Aug 23, 2024

Study Finds Climate Reporting Insufficient, Suggests Expansion

Carrier Management

Study Finds Climate Reporting Insufficient, Suggests Expansion Climate reporting...

Posted: Aug 23, 2024

Fires Spotted on Red Sea Tanker Drifting With Oil on Board

Insurance Journal

The UK Navy said that three fires have been observed on a ship attacked in the Red Sea earlier this week. The Sounion’s crew were evacuated from the ship in the past few days after the vessel was struck by …

Posted: Aug 23, 2024

Texas and Southwest Face Scorching Heat Wave

Insurance Journal

AUSTIN, Texas (AP) — Summer heat scorched Texas and the Southwest this week, pushing Phoenix to nearly 90 consecutive days of triple-digit temperatures and putting millions of people under excessive heat warnings. Meanwhile, energy demand in Texas hi...

Posted: Aug 23, 2024

Sompo invests in Palantir’s AI solutions to drive digital transformation

Reinsurance News

Sompo, a subsidiary of the company responsible for the insurance and reinsurance operations of Sompo Holdings Group outside of Japan, has announced its partnership with Palantir Technologies Inc., a vendor of artificial intelligence (AI) systems....

Posted: Aug 23, 2024