Insurance Journal

US Nuclear Regulator Begins Review on Three Mile Island Restart

U.S. nuclear regulators kicked off a long-winding process to consider Constellation Energy’s unprecedented plans to restart its retired Three Mile Island nuclear power plant in an initial public meeting held on Friday. Constellation, which anno...

Posted: Oct 28, 2024

Lyft to Pay $2 Million to Resolve FTC Suit Over Driver Pay

Lyft Inc. agreed to pay $2.1 million to resolve a lawsuit by the US Federal Trade Commission accusing the ride-hailing company of deceiving drivers about how much they would earn when consumer demand picked up after the pandemic. The agency …

Posted: Oct 28, 2024

Connecticut Declares State of Emergency, Burn Ban Due to Severe Fire Conditions

The state of Connecticut on Saturday instituted a ban on the use of outdoor grills, firepits, and campfires, and the kindling and use of flame outdoors in all state parks, forests, and wildlife management areas due to statewide severe fire …

Posted: Oct 28, 2024

Rebuilding from Hurricanes Hinges on Immigrants at Center of US Election

The efforts to rebuild in Southeastern states after a pair of destructive hurricanes are at risk of being drawn out by shortages of a critical supply of workers: migrants. Builders are anxious about proposals laid out by Donald Trump that …

Posted: Oct 28, 2024

UN Climate Chief Warns of Looming ‘Trainwreck’ as 1.5C Warming Limit in Doubt

The world is on course to miss a target for cutting emissions this decade by an overwhelming amount, new UN analysis shows, meaning more dangerous global warming is likely. Total emissions of CO2 into the atmosphere in 2030 will only …

Posted: Oct 28, 2024

Gas Stoves Linked to 40,000 Premature Deaths in Europe Annually

Gas stoves in European homes are associated with tens of thousands of premature deaths, a study has found. Nearly 40,000 early deaths each year in the EU and UK can be linked to exposure to nitrogen dioxide from burning gas …

Posted: Oct 28, 2024

Arthur J. Gallagher & Co. Acquires Australia’s Via Financial Group

Arthur J. Gallagher & Co., the Rolling Meadows, Illinois-headquartered broker, announced the acquisition of Australia’s Via Financial Group Pty Ltd. Terms of the transaction were not disclosed. Based in Sydney, New South Wales, Via Financia...

Posted: Oct 28, 2024

Brazil Seals $30 Billion Compensation Deal With BHP, Vale Over 2015 Dam Collapse

Brazil on Friday signed a 170 billion reais ($29.85 billion) compensation agreement with miners BHP, Vale, and Samarco for the Mariana dam collapse in 2015, one of the country’s worst environmental disasters. The collapse of the dam at the iron...

Posted: Oct 28, 2024

Broker Insights’ ‘Decision Intelligence’ Officially Heads to the US

After building it business up in the United Kingdom, Broker Insights said it is ready to officially bring its commercial insurance placement analytics to the United States. For the last 12-18 months, Broker Insights has been preparing for its expansi...

Posted: Oct 28, 2024

Economic, Social Inflation Influence Drop in Commercial Auto UW Profits: Triple-I/CAS

Commercial auto insurance has struggled to achieve underwriting profitability, even before inflationary conditions affected property/casualty lines in recent years. The trend has been accompanied by steady growth in net written premiums (NWP), accord...

Posted: Oct 28, 2024

US Investigating Breach of Telecoms by China-Linked Hackers

The US government said Friday it was investigating unauthorized access by Chinese state-affiliated hackers targeting the commercial telecommunications sector. The FBI and the Cybersecurity and Infrastructure Security Agency said they had identified s...

Posted: Oct 28, 2024

Universal, AmCoastal Report Some Costs from Helene, Milton for Q3

One of Florida’s largest property insurers and one of its smaller carriers reported losses at least partly related to Hurricane Helene, which landed just before the third quarter closed, and from Hurricane Milton, which struck less than two wee...

Posted: Oct 28, 2024

Lawsuits Claim Children Were Sexually Abused in Pennsylvania Juvenile Facilities

A set of lawsuits was filed last Wednesday by people who claim they were sexually abused inside Pennsylvania juvenile detention and treatment facilities, making more than 200 people to have launched such cases since May. The New York-based Levy Konig...

Posted: Oct 28, 2024

Report: California Auto Sales Leveling off, Tesla Sales Slip

New vehicle registrations in California seem to be leveling off, while consumer tastes for Telsas cooled slightly. California’s new light vehicle registrations fell by 1.7% from a year earlier, totaling 1,320,708 units, an outlook covering the...

Posted: Oct 28, 2024

Jury Hands $5.2B Verdict Against Vegas Company in Bottled Water Liver Damage Suit

A jury in Nevada has delivered a $5.2 billion award in the latest large-sum lawsuit against a former Las Vegas-based bottled water company that was found responsible for causing liver damage in customers before it was recalled from store shelves &#82...

Posted: Oct 28, 2024

Jury Awards Family $5.4M, Says Coach’s Actions Caused Son’s Suicide

The family of a teenager who died by suicide was awarded $5.4 million this week after a Rhode Island jury found his football coach and several school administrators were negligent in the way they responded before the 15-year-old’s death. Nathan...

Posted: Oct 28, 2024

Judge Approves US $102 Million Settlement Over Baltimore Bridge Collapse

A U.S. judge approved on Friday a $102 million settlement by the companies that owned and operated the ship that struck Baltimore’s Francis Scott Key Bridge in March, killing six people. The payment, approved by U.S. District Judge James Bredar...

Posted: Oct 28, 2024

Judge Approves $102 Million Settlement Over Baltimore Bridge Collapse

A U.S. judge approved on Friday a $102 million settlement by the companies that owned and operated the ship that struck Baltimore’s Francis Scott Key Bridge in March, killing six people. The payment, approved by U.S. District Judge James Bredar...

Posted: Oct 28, 2024

California Phlebotomy Lab and Owners to Pay $135K to Over Alleged False Claims for Blood Testing

A mobile phlebotomy lab and its owners have agreed to pay at least $135,000 to resolve False Claims Act allegations that they submitted false claims for services and associated travel mileage and paid kickbacks to a third-party marketer of the &#8230...

Posted: Oct 28, 2024

California Phlebotomy Lab and Owners to Pay $135K Over FCA Claims

A mobile phlebotomy lab and its owners have agreed to pay at least $135,000 to resolve False Claims Act allegations that they submitted false claims for services and associated travel mileage and paid kickbacks to a third-party marketer of the &#8230...

Posted: Oct 28, 2024

NTSB: Chicago Train Operator Had Alcohol in His System During 2023 Crash

CHICAGO (AP) — Federal investigators say the operator of a Chicago commuter train that crashed almost a year ago had alcohol in his system but it wasn’t a factor in the incident. The Chicago Transit Authority train crashed into a …

Posted: Oct 27, 2024

Revolutionizing Catastrophe Modeling with CoreLogic’s Navigate™: A Cloud-Based Approach

Take control of your risk management strategy In today’s rapidly changing risk management environment, efficiency isn’t just an advantage—it’s essential. Achieving this efficiency requires continuous efforts to streamline operations...

Posted: Oct 27, 2024

Big I Illinois Announces Annual Awards

Big I Illinois, an association representing Trusted Choice® independent insurance agents throughout the state, presented awards to top agents and agencies during the association’s annual convention and 125th Anniversary Celebration held in Peor...

Posted: Oct 25, 2024

Mississippi River Dries Up Again at Worst Time for US Farmers

The Mississippi River is suffering from low waters for the third straight autumn, a crucial time of year when American farmers rely on the route to deliver their crops to the world. Months of limited rainfall — with few chances …

Posted: Oct 25, 2024

Texas Manufacturer Faces $257K Fine for Workers’ Injuries

Federal workplace safety investigators have determined that a Temple, Texas manufacturer and designer of school furnishings could have prevented an employee’s serious and permanent hand and arm injuries by installing required machine guards. In...

Posted: Oct 25, 2024