Insurance Journal
General Motors will pay a $145.8 million penalty and forfeit credits worth hundreds of millions of dollars after a U.S. government investigation found excess emissions from approximately 5.9 million GM vehicles, government agencies said on Wednesday....
Posted: Jul 05, 2024
ST. LOUIS (AP) — Early last week, floodwater in rural Minnesota pushed debris against a more than century-old dam and then carved a path around it, eroding so much of the riverbank that most of a house fell into the …
Posted: Jul 05, 2024
ST. LOUIS (AP) — Early last week, floodwater in rural Minnesota pushed debris against a more than century-old dam and then carved a path around it, eroding so much of the riverbank that most of a house fell into the …
Posted: Jul 05, 2024
TOPEKA, Kan. (AP) — Educators in Kansas’ largest public school district discriminated against Black and disabled students when disciplining them, according to the U.S. Department of Justice, which announced an agreement Tuesday that will have t...
Posted: Jul 05, 2024
Amid blistering summer temperatures, a federal judge ordered Louisiana to take steps to protect the health and safety of incarcerated workers toiling in the fields of a former slave plantation, saying they face “substantial risk of injury or de...
Posted: Jul 05, 2024
A Georgia sawmill could have prevented the death of a 24-year-old worker last year if it had followed safety procedures and federal regulations, the U.S. Occupational Safety and Health Administration said in fining the mill $267,300. “We learne...
Posted: Jul 05, 2024
US taxpayers could be on the hook for millions of dollars in repairs if F-35 fighter jets suffer major weather damage while waiting on a Texas tarmac for a long-delayed software upgrade, according to the Pentagon’s contracts oversight agency. T...
Posted: Jul 05, 2024
A hacker gained access to the internal messaging systems at OpenAI last year and stole details about the design of the company’s artificial intelligence technologies, the New York Times reported on Thursday. The hacker lifted details from discu...
Posted: Jul 05, 2024
RALEIGH, N.C. (AP) — North Carolina Gov. Roy Cooper signed four bills Wednesday that include the creation of a new registry for vaping products and a slew of changes related to transportation laws and the state DMV. Cooper also vetoed …
Posted: Jul 05, 2024
The average rate increase for U.S. personal lines coverages was about 7.6% in the second quarter, up from about 4.8% for the first three months of the year, according to MarketScout. Dallas-based MarketScout, a division of Novatae Risk Group, said &#...
Posted: Jul 05, 2024
The average rate increase for U.S. personal lines coverages was about 7.6% in the second quarter, up from about 4.8% for the first three months of the year, according to MarketScout. Dallas-based MarketScout, a division of Novatae Risk Group, said &#...
Posted: Jul 05, 2024
Insurers are nervous that militant attacks or AI-generated fake images could derail the Paris Olympics, risking event cancellations and millions of dollars in claims. Insurers faced losses after the 2020 Tokyo Olympics were postponed for a year due t...
Posted: Jul 05, 2024
Labour’s landslide election win shows few signs of unsettling London’s financial heartland after the party’s lengthy pro-business overtures, though many in finance remain wary they could be targeted to prop up Britain’s stretc...
Posted: Jul 05, 2024
Attacks by Iran-backed Houthi militants on the Red Sea have reinvigorated piracy networks in Somalia, with criminal groups growing in both number and force, a European naval commander said. The Yemen-based Houthis began attacking vessels in the Red S...
Posted: Jul 05, 2024
An abandoned tanker that was drifting off Yemen’s coast in June has disappeared and is believed to have sunk, three navy and security sources said, the latest vessel lost in the strategically important Red Sea. The area, on the main …
Posted: Jul 05, 2024
Switzerland and the European Union resumed talks on financial market regulation on Thursday after dialog was suspended in 2017, the Swiss government said. Issues relating to financial market stability, cross-border activities, capital markets, digita...
Posted: Jul 05, 2024
Global banking regulators have approved templates for banks to disclose their exposure to crypto assets from January 2026, they said on Wednesday [July 3], a year later than originally indicated. “These disclosures aim to enhance information av...
Posted: Jul 05, 2024
Hurricane Beryl is barreling toward Mexico’s Yucatan Peninsula as local authorities move to evacuate residents from communities along the storm’s path ahead of an expected landfall early Friday morning. Beryl is about 90 miles (145 kilome...
Posted: Jul 05, 2024
Hurricane Beryl pummeled Mexico’s Yucatan Peninsula with tree-toppling gusts and flooding rains, weakening slightly as it came ashore after leaving a trail of destruction through the Caribbean this week. Beryl’s top winds dropped to 100 m...
Posted: Jul 05, 2024
Zimbabwe received $31.8 million from African Risk Capacity, an arm of the African Union, as part of an insurance payout for the devastation the country suffered from an El Niño-induced drought. Finance Minister Mthuli Ncube told reporters on Thursday...
Posted: Jul 05, 2024
With many jobs expected to eventually rely on generative artificial intelligence, states are trying to help workers beef up their tech skills before they become outdated and get outfoxed by machines that are becoming increasingly smarter. Connecticut...
Posted: Jul 05, 2024
Top U.S. automakers posted slower sales growth for the second quarter as a cyberattack at software systems provider CDK hit operations at several dealerships during the crucial selling period of late June. General Motors reported a 0.6% rise in new-v...
Posted: Jul 05, 2024
Arthur J. Gallagher & Co., the global insurance brokerage and consulting firm, said its claims and risk-management subsidiary, Gallagher Bassett, has acquired Georgia-based NetClaim from NAVEX. NetClaim, in Norcross, Georgia, provides first-notic...
Posted: Jul 05, 2024
PointeNorth Insurance Group, a large agency in the Southeast, has acquired Valdosta Insurance Services and Southern Insurance Advisors, both based in Georgia. PointeNorth said in a statement that it provides growth opportunities for agencies, as well...
Posted: Jul 05, 2024
Three recent U.S. Department of Labor investigations in San Diego, California recovered nearly $840,000 for 32 employees, some of whom one employer reportedly paid less than $3 per hour. The department’s Wage and Hour Division determined that R...
Posted: Jul 05, 2024