Insurance Journal
CLARKSVILLE, Tenn. (AP) — A 4-month-old boy has survived after a tornado in Tennessee sucked him up from his family`s mobile home, which was demolished in the storm. Sydney Moore told WSMV-TV that when the tornado hit their home in …
Posted: Dec 19, 2023
Apple said on Monday it would pause sales of its Series 9 and Ultra 2 smartwatches in the United States from this week, as it deals with a patent dispute over the technology that enables the blood oxygen feature on …
Posted: Dec 19, 2023
The finance industry will be shielded from the full scope of the European Union’s most consequential piece of ESG legislation to date, as the bloc settles on a compromise to help it get the bill over the finish line. Under …
Posted: Dec 19, 2023
Chinese leader Xi Jinping called for efforts to minimize casualties after an impoverished region in the northwest was hit by an earthquake that left more than 100 people dead. The 6.2-magnitude quake late Monday killed 105 people in Gansu and …
Posted: Dec 19, 2023
Greenpeace UK and climate campaigner Uplift filed separate legal challenges in Scotland seeking to rescind government approval for the Rosebank oil development in the North Sea. Equinor ASA and partner Ithaca Energy Plc said they would make a final i...
Posted: Dec 19, 2023
TOPEKA, Kan. (AP) – The court system in Kansas has started bringing its computer system for managing cases back online, two months after a foreign cyberattack forced officials to shut it down along with public access to documents and other …
Posted: Dec 19, 2023
TOPEKA, Kan. (AP) – The court system in Kansas has started bringing its computer system for managing cases back online, two months after a foreign cyberattack forced officials to shut it down along with public access to documents and other …
Posted: Dec 19, 2023
A company that offers insurance to the burgeoning shadow fleet of oil tankers — including one that ran aground off the coast of Indonesia — was shut down by the Marshall Islands, the firm’s only published address. The Continental Steamship R...
Posted: Dec 19, 2023
Shipping in the Red Sea is grinding to a halt with oil tankers idling and container vessels rerouting around Africa as violence linked to the Israel-Hamas war threatens to undermine the global economy. Two European oil and gas giants said …
Posted: Dec 19, 2023
One of the world’s most-influential insurance markets added Guyana to its list of the riskiest shipping zones amid an escalating territorial dispute with neighboring Venezuela. The decision announced by Lloyd’s Market Association’s...
Posted: Dec 19, 2023
VF Corp. said on Monday it was investigating “unauthorized” activity on its computer systems that disrupted some operations, including the ability of the Vans sneaker maker to fulfill global customer orders on its e-commerce site. Shares...
Posted: Dec 19, 2023
Consolidation of health care services into large corporations that own hospitals, clinics and physician practices may hold the promise of more efficient and better-integrated care, but hasn’t led to better outcomes for workers’ compensati...
Posted: Dec 19, 2023
Some public companies are still trying to figure out how to comply with new rules from the US Securities and Exchange Commission requiring speedy disclosure of significant cyberattacks. Those rules, which kicked in Monday, require companies to report...
Posted: Dec 19, 2023
Recent Florida legislation that has limited plaintiffs’ attorney fees and has raised the bar for bringing bad-faith claims against insurers appears to have already had an impact on the level of claims litigation in the state. Policyholder lawye...
Posted: Dec 19, 2023
Universal Property & Casualty Insurance Co. officials are discounting the significance of recent Florida judges’ rulings that have slammed the company for violating court orders, have forced Universal to default on lawsuits, have referred a...
Posted: Dec 19, 2023
A Los Angeles-area church was destroyed in a massive fire early Sunday, just hours before a celebration that was set to include a Christmas play and a toy giveaway. Firefighters arrived at Victory Outreach church in Pomona at about 2:45 …
Posted: Dec 19, 2023
King County, Washington will pay $225,000 to settle a civil rights lawsuit brought by a Black man who was arrested on drug charges after a veteran detective made false statements to obtain a search warrant, including misidentifying him in a …
Posted: Dec 19, 2023
King County, Washington will pay $225,000 to settle a civil rights lawsuit brought by a Black man who was arrested on drug charges after a veteran detective made false statements to obtain a search warrant, including misidentifying him in a …
Posted: Dec 19, 2023
A New York judge has ruled that the “plain language” of Chubb Insurance policies dictates that the insurer must cover the Archdiocese of New York parishes and schools as they contend with thousands of sex abuse lawsuits. Chubb has balked...
Posted: Dec 19, 2023
A New York judge has ruled that the “plain language” of Chubb Insurance policies dictates that the insurer must cover the Archdiocese of New York parishes and schools as they contend with thousands of sex abuse lawsuits. Chubb has balked...
Posted: Dec 19, 2023
A Tesla driver will pay more than $23,000 in restitution for the deaths of two people during a 2019 car crash in a Los Angeles suburb, a decision announced the same day that the automaker recalled nearly all vehicles sold …
Posted: Dec 19, 2023
A Wisconsin milling company has agreed to pay an additional $1.8 million in penalties after a corn dust explosion that killed five workers and injured more than a dozen others at its Cambria plant in 2017, the federal Labor Department …
Posted: Dec 18, 2023
Progressive Corp. has achieved its combined ratio goal of 96, according to its release of November and year-to-date results. On Friday, Progressive said November net income was $680.6 million and its combined ratio for the month was 91.1. Year-to-dat...
Posted: Dec 18, 2023
Dale Underwriting Partners, the trading name for Dale Managing Agency’s Lloyd’s Syndicate 1729, announced that CVC has completed its investment in Dale. The completion of the transaction follows approval from the UK Prudential Regulation...
Posted: Dec 18, 2023
Initial industry losses for extratropical windstorm Ciarán, also known as Emir, are estimated at €1.9 billion (US$2.1 billion), according to PERILS, the independent Zurich-based organization that provides industry-wide catastrophe insurance data. The...
Posted: Dec 18, 2023