Insurance Journal
CHEROKEE, N.C. (AP) — The Eastern Band of Cherokee Indians began selling marijuana and cannabis products to any adult 21 or over starting Saturday at its tribe-owned dispensary in North Carolina, where possession or use of the drug is otherwise ̷...
Posted: Sep 09, 2024
An underwater tunnel that passes beneath New York City’s East River sprung a leak last Wednesday after a city contractor mistakenly drilled a hole through it, sending streams of water into the heavily used passage as officials scrambled to plug...
Posted: Sep 09, 2024
On a recent sunny afternoon in Lancaster, Cassandra Hughes looked for a place to cool down. She set up a lawn chair in the shade at the edge of a park and spent the afternoon with a coloring book, listening …
Posted: Sep 09, 2024
A technician responding to a power outage at a Maryland home and a neighbor both reported smelling gas the night before the residence exploded, killing two people, but a leak wasn’t initially found, according to a report released by national &#...
Posted: Sep 09, 2024
A storm system in the Gulf of Mexico is forecast to strengthen into a hurricane early this week, bringing heavy rain, damaging winds and potentially life-threatening storm surges to parts of the Texas and Louisiana coastlines. The system is forecast...
Posted: Sep 09, 2024
New York Governor Kathy Hochul on Thursday signed a new law requiring retailers to boost safety protections for store workers, including requiring major chains to add panic buttons in all New York State locations. Unions representing retail workers h...
Posted: Sep 09, 2024
Nearly four years after California voters approved better wages and health benefits for ride-hailing drivers and delivery workers, no one is actually ensuring they are provided, according to state agencies, interviews with workers and a review of wag...
Posted: Sep 09, 2024
This post is part of a series sponsored by IAT Insurance Group. In 2019, a woman died after a semi-truck hauling avocados swerved and struck a parked vehicle, attempting to avoid a road rage incident. The deceased woman was the …
Posted: Sep 08, 2024
With its vast expanses of forest, Canada has the most “certified” sustainable timber operations of any nation, according to the nonprofit organizations that attest to the environmental soundness of logging practices. Such forestry-standar...
Posted: Sep 08, 2024
Highlighting the existence of blanket exclusions in reinsurance contracts for risks originating in the region impacted by the ongoing Russia Ukraine conflict, Aon and Marsh McLennan are jointly calling for their removal. In a joint statement issued o...
Posted: Sep 08, 2024
The Louisiana Department of Insurance announced that registration for the next round of Louisiana Fortify Homes Program (LFHP) grants will open at 8 a.m. on Wednesday, September 18, and close at 5 p.m. on Friday, September 20. While previous grant &#...
Posted: Sep 06, 2024
The Iowa Insurance Division entered into a consent order with a Midwest roofing contractor on Sept. 5 following a June cease and desist order against contractors acting as unlicensed public adjusters. IID alleges that AmeriPro Roofing solicited busin...
Posted: Sep 06, 2024
Drought across the central US is shrinking the Mississippi River, sending barge rates soaring and threatening to roil shipments of everything from corn to gasoline. Dry conditions across the Ohio River basin, which feeds the Mississippi, have worsene...
Posted: Sep 06, 2024
The owners of London’s ExCel conference center on Friday won an appeal brought by insurers, including Allianz, over pandemic-related losses, which its lawyers said could help thousands of other policyholders. London International Exhibition Cen...
Posted: Sep 06, 2024
ROUND LAKE, Ill. (AP) — Nineteen people have been hurt after a jail transport van collided Wednesday with another vehicle and struck a pole in northeastern Illinois. Sixteen prisoners were in the van that was traveling to the McHenry County …
Posted: Sep 06, 2024
The U.S. Transportation Department said on Thursday it is awarding $1 billion for a series of projects aimed at reducing traffic crashes, as road deaths remain sharply higher than pre-pandemic levels. The department separately on Thursday estimated t...
Posted: Sep 06, 2024
Alera Group said its president, Jim Blue, will become the firm’s chief executive officer, effective January 1, 2025. Blue will succeed Alan Levitz, who will become Alera Group’s Executive Chairman. Levitz’ focus will include identif...
Posted: Sep 06, 2024
JACKSON, Miss. (AP) — The state of Mississippi is suing drug manufacturers and pharmacy benefit managers alleging that opioids were over-prescribed. Attorney General Lynn Fitch, a Republican, filed the suit Thursday in Hinds County Chancery Court in...
Posted: Sep 06, 2024
Fitch Ratings announced that it shifted its outlook on the global reinsurance sector to neutral yesterday but the downward shift came with an expectation of continued profitability—and a forecasted combined ratio around 90 in 2025. The revision—from...
Posted: Sep 06, 2024
DETROIT (AP) — About 1,000 workers at a General Motors joint venture electric vehicle battery plant in Spring Hill, Tennessee, will get big pay raises now that they have joined the United Auto Workers union. GM and LG Energy Solution …
Posted: Sep 06, 2024
German authorities have rejected €18 million ($20 million) worth of carbon credits after finding “irregularities” in China-based projects that were meant to lower emissions. The initiatives, which were run by big international corporation...
Posted: Sep 06, 2024
A U.S. appeals court sided with four major book publishers that accused the nonprofit Internet Archive of illegally scanning copyrighted works and lending them to the public online for free and without permission. The 2nd U.S. Circuit Court of Appeal...
Posted: Sep 06, 2024
New York’s insurance regulator ordered American Transit Insurance Co. to immediately find capital and explore a sale in a damning report laying out its severe financial condition. The report laid out dozens of potential financial improprieties...
Posted: Sep 06, 2024
Royal Bank of Canada’s former chief financial officer, fired over allegations she had an undisclosed personal relationship with another executive, said the bank was trying to “manufacture” a reason to get rid of her, as both sides d...
Posted: Sep 06, 2024
Now that the market has achieved a first-half profit of £4.9 billion with a combined ratio of 83.7—its best interim results in 17 years—does this mean the hard market cycle is ending? During a media briefing to discuss Lloyd’s results, …
Posted: Sep 06, 2024