Insurance Journal
Dutch-headquartered chipmaker Nexperia was victim of a hacking attack by cyber criminals last month, the Chinese-owned company said on Friday, and was investigating the incident with the help of outside specialists. “Nexperia has become aware t...
Posted: Apr 16, 2024
Electric car sales already are in a funk in key markets around the globe. Challenges finding enough repair technicians threatens to further stifle demand in the UK, where consumer uptake has stagnated for the better part of two years. A …
Posted: Apr 16, 2024
Leftover blazes from last year’s record wildfire season in Canada are threatening to knock out almost 3% of the country’s natural gas production. A total of 50 so-called zombie fires still smoldering beneath layers of snow are located nea...
Posted: Apr 16, 2024
Executive Summary: When Mark Cloutier took the helm of Aspen to return the company to profitability, he knew a vital first step would begin with its group of talented people. There were cultural challenges that needed addressing along with the …...
Posted: Apr 16, 2024
A federal appeals court has, at least for now, put an end to lingering questions about some property insurance claims litigation: The insured does not need to submit a competing damage estimate when filing a supplemental claim if the policy …
Posted: Apr 16, 2024
A former chiropractor was sentenced to 54 years in state prison and ordered to pay more than $23 million in fines for his role in orchestrating a massive workers’ compensation fraud scheme totaling $150 million. Peyman Heidary was convicted by...
Posted: Apr 16, 2024
Eight new position-specific helmets for quarterbacks and linemen have been approved by the NFL and the NFL Players Association. Two of the new models manufactured by Riddell are designed for quarterbacks while six helmets are made for offensive and d...
Posted: Apr 16, 2024
Shareholders cannot sue companies for fraud if they flout a rule requiring disclosure of trends expected to affect their bottom line unless the omission makes another statement misleading, the U.S. Supreme Court ruled on Friday. The 9-0 ruling author...
Posted: Apr 16, 2024
The pilot of an experimental aircraft fell out of the plane and hit the tail, causing the plane to crash in northeastern Pennsylvania in 2022, killing him and a pilot-rated passenger, according to federal investigators. The National Transportation Sa...
Posted: Apr 16, 2024
The Federal Emergency Management Agency is making ederal disaster assistance available to California to supplement recovery efforts in the areas affected by the severe winter storms, tornadoes, flooding, landslides and mudslides from Jan. 31 to Feb....
Posted: Apr 16, 2024
Maine is suing biochemical giant Monsanto for allegedly knowingly selling products containing harmful chemicals that have contributed to contamination in the state. The latest lawsuit targeting the company over the manufacture and sale of products wi...
Posted: Apr 16, 2024
Employees of five California poultry processing companies in La Puente and City of Industry may be owed a share of more than $3.8 million in back wages and damages recovered on their behalf by the U.S. Department of Labor. The …
Posted: Apr 16, 2024
The California Department of Cannabis Control a mandatory recall for former Heavyweight Champion Mike Tyson’s branded cannabis product, Tyson Undisputed Cannabis Flower, due to a contamination with mold. The mold in question is Aspergillus sp.,...
Posted: Apr 16, 2024
The FBI has opened a federal criminal investigation into the deadly collapse of a Baltimore bridge last month when a ship crashed into one of its supports, the bureau said on Monday. FBI agents had boarded the cargo ship Dali …
Posted: Apr 16, 2024
The Vessel, a climbable sculpture that drew hordes of tourists to the Hudson Yards megadevelopment on Manhattan’s west side before a string of suicides forced its closure in 2021, will reopen to the public later this year with added safety R...
Posted: Apr 16, 2024
The body of a fourth victim of the collapse of the Francis Scott Key Bridge in Baltimore has been recovered. The body of the deceased construction worker was transported to the chief medical examiner and positively identified on Monday. At …
Posted: Apr 15, 2024
DES MOINES, Iowa (AP) — Inappropriate comments by a superior to a social worker and between other employees at the state Department of Human Services did not justify a $790,000 jury award for sexual harassment, the Iowa Supreme Court has …
Posted: Apr 15, 2024
HOUSTON (AP) — Hip-hop artist Drake has been dismissed from a lawsuit over the deadly 2021 Astroworld festival in Houston in which 10 people were killed, a judge has ruled. Drake was a special guest of rap superstar Travis Scott, …
Posted: Apr 15, 2024
More than 2.5 million people in the US face critical fire weather conditions on Monday as dry winds sweep parts of New Mexico, Colorado, Kansas, Oklahoma and Texas, which had the largest fire in the state’s history earlier this year. …
Posted: Apr 15, 2024
Boat operators, not properly insured boat rental places, will soon be held liable for injuries or damages caused by negligent operation of water craft if Georgia Gov. Brian Kemp signs a bill into law. House Bill 994 was approved by …
Posted: Apr 15, 2024
Floridians with homes in the ritziest neighborhoods that include Coral Gables and Naples are experiencing the nation’s biggest increases in real estate wealth as markets in the Sunshine State supplant those in California and New York at the top...
Posted: Apr 15, 2024
A Rutland, Massachusetts man was sentenced in federal court in Worcester to conspiring to access a computer system of his former employer – a non-profit substance use and mental health treatment provider that operates recovery centers throughout Mass...
Posted: Apr 15, 2024
A study by researchers from Harvard and Columbia universities and at the Federal Reserve has reopened the debate about the financial fortitude and the financial rating system for dozens of Florida property insurance companies. The president of Demote...
Posted: Apr 15, 2024
This edition of International People Moves details appointments at Aon, Berkshire Hathaway Specialty Insurance (BHSI) and AXIS Capital Holdings. A summary of these new hires follows here. Aon Promotes Sapra as CEO of Reinsurance Solutions in India In...
Posted: Apr 15, 2024
Ahead of the 2024 Atlantic hurricane season, FloodFlash, which offers sensor-enabled parametric flood insurance, is launching a product to support business interruption (BI) coverage. U.S. Commercial Director Rich Coyle said his firm created Flood BI...
Posted: Apr 15, 2024