Insurance Journal

3 Construction Workers Killed Doing Overnight Sealing on I-83, Police Say

LEWISBERRY, Pa. (AP) — Three construction workers on a maintenance project along a Pennsylvania interstate were struck and killed by a truck early Wednesday, state police said. Investigators said a 24-year-old man was driving a large box truck at abo...

Posted: Apr 18, 2024

Brooklyn Diocese Settles with New York AG for Mishandling Clergy Sex Abuse Cases

New York Attorney General Letitia James announced an agreement with the Roman Catholic Diocese of Brooklyn to address years of reported mismanaging clergy sexual abuse cases. According to the Office of the Attorney General, its investigation found th...

Posted: Apr 18, 2024

El Niño to Trigger Drought Insurance Payouts in Four Southern African Countries

A drought driven by the El Nino weather pattern is likely to trigger insurance payouts to four southern African countries who took out cover with an agency of the African Union. Malawi, Zambia, Zimbabwe and Mozambique will receive payments at …

Posted: Apr 18, 2024

United Airlines Says Boeing to Compensate for Damages Caused by MAX 9 Grounding

United Airlines will receive compensation from planemaker Boeing for financial damages incurred in the first quarter due to the grounding of 737 MAX 9 aircraft, the carrier said on Wednesday. U.S. regulators had in January grounded some Boeing 737 MA...

Posted: Apr 18, 2024

Google Fires 28 Workers Protesting $1.2 Billion Israeli Contract

Alphabet Inc.’s Google has fired 28 employees after they were involved in protests against Project Nimbus, a $1.2 billion joint contract with Amazon.com Inc. to provide the Israeli government with AI and cloud services. The protests, which were...

Posted: Apr 18, 2024

Nord Stream Insurers Deny Policies Covered War Risks in UK Lawsuit

Nord Stream’s insurers have denied that their policies provide cover for gas pipelines damaged by blasts in 2022 because the damage was caused by war, in their written defense to a lawsuit filed at London’s High Court. Nord Stream is &#82...

Posted: Apr 18, 2024

Update: Nord Stream Insurers Deny Policies Covered War Risks in UK Lawsuit

Nord Stream’s insurers have denied that their policies provide cover for gas pipelines damaged by blasts in 2022 because the damage was caused by war, in their written defense to a lawsuit filed at London’s High Court. Nord Stream is &#82...

Posted: Apr 18, 2024

Wisconsin Republicans Ignore Governor’s Call to Spend $125M to Combat PFAS

MADISON, Wis . (AP) — Wisconsin Republicans on Tuesday ignored the latest call from Democratic Gov. Tony Evers to spend $125 million to combat so-called forever chemicals, leading Evers to say he might sue over the issue. The moves are …

Posted: Apr 18, 2024

Jon Beckham Joins Amwins Program Underwriters

Long-time president Ben Francavilla announces plans to retire CHARLOTTE, N.C., April 18, 2024 – Amwins, a global distributor of specialty insurance products and services, today announced the appointment of Jon Beckham to lead Amwins Program Underwrit...

Posted: Apr 18, 2024

How to Renew Your Insurance License with a Criminal Background: Part 2 – Hawaii through Maryland

This post is part of a series sponsored by AgentSync. Having a criminal charge or conviction in one’s background can make things more difficult for a licensed insurance producer. However, it doesn’t always have to mean the end of a &#8230...

Posted: Apr 18, 2024

National Alliance for Insurance Education & Research Launches AlliBot: An AI Knowledge Bot for Risk...

Austin, TX., April 18, 2024 — The National Alliance for Insurance Education & Research is thrilled to announce the launch of AlliBot v2.0, the Artificial Intelligence Knowledge Bot built exclusively for the risk and insurance professional....

Posted: Apr 18, 2024

Bayer Pushes Legislation in Multiple States for Legal Shield Against Lawsuits

DES MOINES, Iowa (AP) — Stung by paying billions of dollars for settlements and trials, chemical giant Bayer has been lobbying lawmakers in three states to pass bills providing it a legal shield from lawsuits that claim its popular weedkiller …

Posted: Apr 18, 2024

Climate Change to Cause $38 Trillion a Year in Damages by 2049

Climate change will inflict losses to the global economy worth an annual $38 trillion by 2049, as extreme weather ravages agricultural yields, harms labor productivity and destroys infrastructure, according to researchers at the Potsdam Institute for...

Posted: Apr 18, 2024

Britain’s Insurers Under Pressure Over Spike in Car Insurance Premiums

The rising cost of car insurance has triggered a barrage of complaints in the cost of living crisis, Britain’s financial watchdog told lawmakers on Wednesday, as the sector insisted that prices remain at 2018 levels in real terms. Matt Brewis,...

Posted: Apr 18, 2024

Dubai’s Record Rain Floods Expensive Homes and Halts Flights

Dubai flights have been severely disrupted and cars were left stranded on flooded roads after record rainfall over the past day brought the city to a standstill. The United Arab Emirates experienced its heaviest downpour since records began in 1949,...

Posted: Apr 18, 2024

North Carolina Adjuster and Son Charged with Embezzlement in Roof Jobs

A North Carolina mother and son adjusting and contracting team are scheduled to appear in court next month on charges of scamming more than $20,600. Both have been charged with similar offenses in the last two years, the state Insurance …

Posted: Apr 18, 2024

North Carolina Adjuster and Son Charged With Embezzlement in Roof Jobs

A North Carolina mother and son adjusting and contracting team are scheduled to appear in court next month on charges of scamming more than $20,600. Both have been charged with similar offenses in the last two years, the state Insurance …

Posted: Apr 18, 2024

Coal Miners Getting New Protections Against Black Lung Disease

Coal miners will be better protected from poisonous silica dust that has contributed to the premature deaths of thousands of mine workers from a respiratory ailment commonly known as black lung disease, the Labor Department said Tuesday as it issued...

Posted: Apr 18, 2024

Wildfires Are Upending Some of the Safest Bets on Wall Street

When the Texas Panhandle went up in flames this winter, the news spread fast on Wall Street. An electric utility by the name of Xcel Energy Inc. was getting blamed for the massive blaze — a lawsuit pointed the finger …

Posted: Apr 18, 2024

Supreme Court Makes It Easier to Sue for Job Discrimination

The US Supreme Court made it easier for employees to sue over discriminatory job transfers, siding with a St. Louis police officer who says she was shifted to a different role against her will because she is female. The justices …

Posted: Apr 18, 2024

Montana Asbestos Victims Want Buffett’s Railroad Company Held Responsible

An attorney for two people who died of a rare lung cancer argued this week for a jury to hold BNSF Railway responsible for pollution in a small Montana town near the U.S.-Canada border where thousands of people were exposed …

Posted: Apr 18, 2024

Ohio River Near Pittsburgh Reopens to Maritime Traffic After Sunken Barge Found

The U.S. Coast Guard reopened the Ohio River in Pittsburgh to maritime traffic on Tuesday, nearly four days after 26 barges broke loose and floated away during weekend flooding. “The river is open. The Ohio River is open,” Lt. Eyobe &#823...

Posted: Apr 18, 2024

Accuweather: Record Warm Winter Costs Businesses Billions in Losses

Unseasonably warm winter weather cost businesses and event planners in the northern Plains and upper Midwest billions of dollars in estimated losses, according to estimates from Accuweather. Minnesota, North Dakota, Wisconsin, Michigan and Iowa exper...

Posted: Apr 18, 2024

People Moves: Maryland Insurance Commissioner Birrane to Leave Post in June

Maryland Insurance Commissioner Kathleen A. Birrane has announced she plans to resign effective June 30 and to return to private practice at DLA Piper, the law firm where she was a partner until being appointed commissioner in May 2020. Birrane &#823...

Posted: Apr 18, 2024

Workers’ Comp Rating Bureau of California Governing Committee Oks Higher Pure Premium Rate Filing

The Workers’ Compensation Insurance Rating Bureau of California’s governing committee voted on Wednesday to authorize the WCIRB to submit a Sept. 1, 2024 Pure Premium Rate Filing to the California Insurance Commissioner on average 0.9% ab...

Posted: Apr 17, 2024