Insurance Journal

Cal/OSHA Board Adopts Workplace Standard for Indoor Heat

A California workplace safety oversight board adopted a new standard for indoor workplaces to enact safety measures when the temperature reaches 87°F. The Occupational Safety and Health Standards Board approved an indoor heat standard that requires i...

Posted: Jun 25, 2024

Wildfire Threats Make Utilities Uninsurable in U.S. West

Trinity Public Utilities District’s power lines snake through the lower reaches of the Cascade Range, a rugged, remote and densely forested terrain in Northern California that has some of the highest wildfire risk in the country. But for severa...

Posted: Jun 25, 2024

Wildfire Threats Make Utilities Uninsurable in US West

Trinity Public Utilities District’s power lines snake through the lower reaches of the Cascade Range, a rugged, remote and densely forested terrain in Northern California that has some of the highest wildfire risk in the country. But for severa...

Posted: Jun 25, 2024

Floodwaters Force People From Homes in Some Parts of Iowa

Floodwaters forced people out of their homes in parts of Iowa, the result of weeks of rain, while much of the United States longed for relief Saturday from yet another round of extraordinary heat. Sirens blared at 2 a.m. in …

Posted: Jun 24, 2024

R&Q Files for Provisional Liquidation in Bermuda; Agrees to Sell Legacy Unit Inceptum

R&Q Insurance Holdings Ltd. confirmed that on June 21 it had filed with the Bermuda Supreme Court an application to appoint joint provisional liquidators to oversee the liquidation and ultimately the winding up of the company. The company anticip...

Posted: Jun 24, 2024

Markets/Coverages: FloodFlash Offers Parametric Flood Product Across US

FloodFlash announced its expansion to cover all mainland US locations. The sensor-enabled parametric flood insurer provides flood coverage in excess of the National Flood Insurance Program (NFIP) where the private markets are unable to quote, particu...

Posted: Jun 24, 2024

Blaze at South Korea Lithium Battery Plant Kills 22 Workers

A lithium battery factory in South Korea was set on fire after multiple batteries exploded on Monday, killing 22 workers, most of them Chinese nationals, fire officials said. The fire and a series of explosions ripped through the factory run …

Posted: Jun 24, 2024

Dallas Will Feel Like 107 With Heat and Humidity: Weather Watch

Heat advisories are in place across the central and southern US — from South Dakota to Texas. Dallas is forecast to see highs above 98F (36.6C) this week, but the humidity through Tuesday will make it feel closer to 107, …

Posted: Jun 24, 2024

Ohio Pork Processing Plant Faces 43 Violations for Ammonia Exposure

A Sandusky, Ohio pork processing facility exposed workers to a release of ammonia gas, leading the U.S. Department of Labor to open two inspections and issue 43 violations of federal regulations. Investigators with the department’s Occupational...

Posted: Jun 24, 2024

Facial Recognition Startup Clearview AI Settles Privacy Suit for $50M

CHICAGO (AP) — Facial recognition startup Clearview AI reached a settlement Friday in an Illinois lawsuit alleging its massive photographic collection of faces violated the subjects’ privacy rights, a deal that attorneys estimate could be worth...

Posted: Jun 24, 2024

Climate Change Amplifies Deadly Heat Wave Sweeping Across Southwestern US, Mexico

Human-caused climate change dialed up the thermostat and turbocharged the odds of this month’s killer heat that has been baking the Southwestern United States, Mexico and Central America, a new flash study found. Sizzling daytime temperatures t...

Posted: Jun 24, 2024

Texas Pet Products Manufacturer Fined $278K Over Employee’s Facial Burns

A federal workplace safety investigation of a global manufacturer and distributor of pet products in Arlington, Texas identified one willful violation and eight serious violations of required safety regulations during its investigation into how an em...

Posted: Jun 24, 2024

Cyber Insurance Market Stable With Potential for Growth, Says AM Best

According to industry rating agency AM Best, there are enough positive factors to give the cyber insurance market a ‘stable’ outlook despite a stall in premium growth. Analysts at AM Best issued a segment outlook and report Monday, and sa...

Posted: Jun 24, 2024

Cyber Insurance Market ‘Stable’ With Potential for Growth, Says AM Best

According to industry rating agency AM Best, there are enough positive factors to give the cyber insurance market a ‘stable’ outlook despite a stall in premium growth. Analysts at AM Best issued a segment outlook and report Monday, and sa...

Posted: Jun 24, 2024

Four Minor Early Morning Earthquakes Hit Southern California

Four small earthquakes occurred in California in the early Monday morning hours, according to the U.S. Geological Survey. A magnitude 3.2 earthquake struck near Cobb at a depth of 1.1 miles, a M2.9 quake hit two miles southeast of Highland …

Posted: Jun 24, 2024

Containment Grows on New Mexico Wildfires, as Rains and Cooler Weather Help

Containment has grown on a pair of New Mexico wildfires that caused that destroyed thousands of structures and forced the evacuation of more than 8,000 people. The Salt and South Fork fires have burned more than 25,000 acres. The South …

Posted: Jun 24, 2024

FEMA Is Ready for Hurricane and Wildfire Seasons, but Money A Concern

The head of the Homeland Security Department said Friday that the agency tasked with responding to disasters across the country is prepared as it goes into what is expected to be an intense hurricane and wildfire season but he’s concerned &#823...

Posted: Jun 24, 2024

FEMA Is Ready for Hurricane and Wildfire Seasons, but Money a Concern

The head of the Homeland Security Department said Friday that the agency tasked with responding to disasters across the country is prepared as it goes into what is expected to be an intense hurricane and wildfire season but he’s concerned &#823...

Posted: Jun 24, 2024

Lightning Strikes Near Travelers Golf Championship

Two people were taken to the hospital Saturday after lightning struck a tree near a home along a golf course that is hosting the PGA Tour’s Travelers Championship. The home is just north of the fifth green at TPC River …

Posted: Jun 24, 2024

Scheffler, Climate Protesters, Lightning Strike at Travelers Golf Championship

A weather delay, a climate protest, a lightning strike and Tom Kim could not deter Scottie Scheffler on his mission to win the PGA Tour’s Travelers Championship at the TPC River Highlands course. Kim made a birdie putt on the …

Posted: Jun 24, 2024

Maine Doctor Convicted on Multiple Counts of IIlegally Distributing Opioids

A Maine doctor who runs an addiction treatment center has been convicted on multiple counts of illegally distributing opioids including oxycodone, hydromorphone and fentanyl. Dr. Merideth Norris, 53, of Kennebunk, Maine, was found guilty in federal c...

Posted: Jun 24, 2024

Markets/Coverages: Howden Launches 1st Carbon Credits Warranty & Indemnity Insurance Policy

Howden, the London-based insurance intermediary group, announced the placement of the first carbon credits warranty and indemnity (W&I) insurance policy. The W&I policy provided insurance cover on the sale of carbon credits for the reafforest...

Posted: Jun 24, 2024

Europe Braces for Heat Following Greek Fires and Swiss Floods

European capitals are bracing for heat wave conditions, following wildfires in Greece and flooding in Switzerland over the weekend. High pressure over southern Scandinavian will bring the highest temperatures this year to the UK, with London and part...

Posted: Jun 24, 2024

Probe of Russian Hack on London Hospitals May Take Weeks as Worries Grow Over Data Dump

An investigation into a ransomware attack earlier this month on London hospitals by the Russian group Qilin could take weeks to complete, the country’s state-run National Health Service said Friday, as concerns grow over a reported data dump of...

Posted: Jun 24, 2024

Probe of Russian Hack on London Hospitals May Take Weeks; Data-Dump Worries Grow

An investigation into a ransomware attack earlier this month on London hospitals by the Russian group Qilin could take weeks to complete, the country’s state-run National Health Service said Friday, as concerns grow over a reported data dump of...

Posted: Jun 24, 2024