Insurance Journal

23andMe Says Health Data Was Included in Hack That Compromised 6.9 Million Users

Some 6.9 million 23andMe customers had their data compromised after an anonymous hacker accessed user profiles and posted them for sale on the internet earlier this year, the company said on Monday. The compromised data included users’ ancestry...

Posted: Dec 05, 2023

US DOJ Slaps Criminal Fines on UK Brokers Tysers and H.W. Wood for Bribery

The US Department of Justice has slapped criminal penalties on UK reinsurance brokers Tysers Insurance Brokers Ltd. and H.W. Wood Ltd. as a result of their participation “in a corrupt scheme to pay bribes to Ecuadorian government officials,&#82...

Posted: Dec 05, 2023

DOJ Slaps Criminal Fines on UK Brokers Tysers and H.W. Wood for Bribery

The US Department of Justice has slapped criminal penalties on UK reinsurance brokers Tysers Insurance Brokers Ltd. and H.W. Wood Ltd. as a result of their participation “in a corrupt scheme to pay bribes to Ecuadorian government officials,&#82...

Posted: Dec 05, 2023

Miss. Sheriff Sets New Policies After Torture Episode. Victims Say it’s to Avoid Consequences

JACKSON, Miss. (AP) — Attorneys for the victims of an episode of police torture say new policies unveiled by a Mississippi sheriff`s department this week were introduced so the sheriff can escape liability in a civil lawsuit and forestall a &#8...

Posted: Dec 05, 2023

Recordings Show How Mormon Church Protects Itself From Child Sex Abuse Claims

Paul Rytting listened as a woman, voice quavering, told him her story. When she was a child, her father, a former bishop in The Church of Jesus Christ of Latter-day Saints, had routinely slipped into bed with her while he …

Posted: Dec 05, 2023

Fire Blamed on E-Bike Battery Kills 1, Injures 6 in Bronx Apartment Building

One person was killed and six others were injured when a fire blamed on an electric bicycle battery tore through a New York City apartment, officials said Monday. The fire started at around 7 p.m. Sunday in a 10th-floor apartment …

Posted: Dec 05, 2023

During Pandemic, Surgeries Delayed, but Care on Track for Injured Workers: WCRI

Injured workers got timely initial help during the COVID-19 pandemic but faced a longer wait for surgery compared to pre-pandemic years. A new Workers Compensation Research Institute (WCRI) FlashReport examined the time from injury to first medical s...

Posted: Dec 05, 2023

Family of Kansas Woman Killed in Apartment Fire Blames 911 Dispatch Center for ‘Systemic Issues’

WICHITA, Kan. (AP) – The family of a 22-year-old woman who died in an apartment fire in Kansas’ largest city after mistakes by the 911 dispatch center believes the center has “systemic issues,” and the local firefighters union is ca...

Posted: Dec 05, 2023

German Companies Seeking to Cut Risk of Doing Business in China: Survey

Nearly half of German companies operating in China are taking measures to reduce the risk of doing business there largely due to growing geopolitical tensions, according to a new survey by the German Chamber of Commerce in China. Firms are …

Posted: Dec 05, 2023

Father of Palestinian American Boy Slain in Chicago Suburb Files Wrongful Death Lawsuit

CHICAGO (AP) – The father of a 6-year-old Palestinian American boy fatally stabbed in what authorities allege was a hate crime has filed a wrongful death lawsuit. Oday Al-Fayoume filed the lawsuit last month against the suburban Chicago landlord char...

Posted: Dec 05, 2023

Howden Acquires Swiss Reinsurance Broker Haakon AG

Howden, the London-based global insurance group, announced the acquisition of Haakon AG, the specialist reinsurance broker, headquartered in Switzerland. Financial details of the transaction were not disclosed. Haakon, formerly part of the Baloise Gr...

Posted: Dec 05, 2023

Study: Louisiana’s Agriculture and Forestry Sectors Suffer $1.69B in Damages Due to Heat and Drought

Louisiana’s agriculture and forestry sectors experienced approximately $1.69 billion in damages in 2023 due to excessive heat and drought, according to a study from the Louisiana State University Agricultural Center. The report, “Prelimin...

Posted: Dec 05, 2023

Study: Louisiana’s Agriculture and Forestry Sectors Suffer $1.69 billion in Damages Due to Heat and...

Louisiana’s agriculture and forestry sectors experienced approximately $1.69 billion in damages in 2023 due to excessive heat and drought, according to a study from the Louisiana State University Agricultural Center. The report, “Prelimin...

Posted: Dec 05, 2023

Societe Generale Issues €10M Digital Green Bond on a Public Blockchain

Societe Generale, France’s third-biggest listed bank, said on Monday it issued its first so-called digital green bond on a public blockchain, as the lender seeks to build expertise in crypto services. The inaugural transaction amounts to 10 mil...

Posted: Dec 05, 2023

Global Carbon Emissions From Fossil Fuels to Hit Record Peak in 2023: Report

The Global Carbon Project, an international collaboration of scientists, estimates that worldwide carbon dioxide emissions from burning fossil fuels will rise 1.1% this year over 2022, to 36.8 billion metric tons. That’s a new peak and 1.4% hig...

Posted: Dec 05, 2023

War Risk Insurance Rates Edge Up After Surge in Red Sea Ship Attacks

War risk insurance premiums edged up for Red Sea voyages after three vessels were attacked in the area on Sunday and fears grow over worsening perils for commercial shipping, maritime and insurance sources said on Monday. The incidents are the &#8230...

Posted: Dec 05, 2023

NOAA: 2023 Atlantic Hurricane Season Ranks 4th for Most-Named Storms

Ending on Nov. 30, the 2023 Atlantic hurricane season saw 20 named storms, ranking fourth for the most-named storms in a year since 1950, the National Oceanic and Atmospheric Administration (NOAA) said. Seven storms were hurricanes and three intensif...

Posted: Dec 05, 2023

Federal Crop Insurance Provides Billions in Profit for Insurers, Says USDA

Roughly one-third of U.S. government spending to insure the nation’s crops since 2011 has gone to insurance companies that derive more than $1 billion in profit from the program each year, according to a government watchdog’s report relea...

Posted: Dec 05, 2023

Alabama Supreme Court Orders Lindberg and Company to Pay $11M Note to Med Firm

The legal and financial troubles for former insurance executive and international businessman Greg Lindberg, now awaiting a second trial on charges that he tried to bribe a state insurance commissioner, has spread far beyond North Carolina and has co...

Posted: Dec 05, 2023

People Moves: Morgan Named PCF Insurance Services CEO

PCF Insurance Services, headquartered in Lehi, Utah, named current CFO & COO Felix Morgan as CEO. Peter C. Foy is transitioning from founder, chairman and CEO to founder and chairman. Morgan has over 20 years of leadership experience and previous...

Posted: Dec 05, 2023

ANALYSIS: As Bayer Confronts Mounting Roundup Losses, All Eyes on Philadelphia Trial

With Bayer facing investor pressure to resolve thousands of lawsuits over its Roundup weedkiller after being hit with $2 billion in verdicts in recent weeks, all eyes are on a trial wrapping up in Philadelphia. Plaintiffs have won the last …

Posted: Dec 05, 2023

California Cities and Farms to Get 10% of Requested State Water Supplies When 2024 Starts

California water agencies serving 27 million people will get 10% of the water they requested from state supplies to start 2024 due to a relatively dry fall, even though the state’s reservoirs are in good shape, state officials said. The …

Posted: Dec 05, 2023

Bus Driver Who Passed Out From Eating THC Gummies Placed on Probation

A commercial bus driver who pulled over on a Connecticut highway and passed out with 38 passengers aboard after eating THC- infused gummies has been granted a probation program that could result in criminal charges being dismissed. A state judge &#82...

Posted: Dec 05, 2023

US Supreme Court Torn Over Purdue Pharma Bankruptcy Settlement

U.S. Supreme Court justices on Monday struggled over whether to approve OxyContin maker Purdue Pharma’s bankruptcy settlement, voicing concern the deal would shield its wealthy Sackler family owners from lawsuits over their role in a deadly opi...

Posted: Dec 05, 2023

New Hampshire Roofing Contractor Lied to Beat OSHA Penalties, Judge Says

A New Hampshire contractor has been accused of lying and being evasive in an attempt to avoid responsibility for safety hazards for roofers at his worksite. A federal administrative law judge has determined that Barry Billcliff, doing business as Mer...

Posted: Dec 05, 2023