Insurance Journal
Clorox Co. has taken some of its information technology systems offline after identifying “unauthorized activity” in its computer networks that has disrupted some business operations. The incident is expected to continue to affect some pa...
Posted: Aug 15, 2023
In the fast-paced and ever-changing world of insurance, staying up-to-date with industry trends, regulations, and best practices is paramount. For insurance professionals serving the transportation industry, this is even more crucial due to the secto...
Posted: Aug 15, 2023
Auto insurance shopping rates rose 12% year-over-year in the second quarter of 2023, according to a new TransUnion report. While vehicle sales played a role in the increase, TransUnion said in a press release that the search for lower insurance ̷...
Posted: Aug 15, 2023
The derailment that blocked the Gotthard tunnel in Switzerland last week was caused by a broken wheel on the freight train, according to investigators. The Swiss Accident Investigation Service said its investigators had found pieces of the train̵...
Posted: Aug 15, 2023
Chubb has launched a vehicle tracking system in the UK to help protect the insurer’s customers from car theft. With criminals now often targeting high-value vehicles – particularly “keyless” models – Chubb S5 Vehicle Tracker and Chu...
Posted: Aug 15, 2023
Executive summary: Climate change, caused by human activity, is already leading to an increase in the frequency and severity of hot extremes, including heatwaves. While it is difficult to ascribe any given event to climate change, Moody’s RMS s...
Posted: Aug 15, 2023
Tulsa, Oklahoma, August 14, 2023 – The National Alliance for Insurance Education & Research announces that Central Technology Center has successfully completed the first year of the Certified Insurance Service Representative (CISR) High Sch...
Posted: Aug 15, 2023
China has been hit by devastating floods in recent weeks, inundating cities and causing deaths and infrastructural damage, as well as raising questions about the effectiveness of its 2015 “sponge city” initiative aimed at reducing urban f...
Posted: Aug 15, 2023
Australia’s weather bureau said on Tuesday the El Niño weather event, associated with hotter, drier weather, was likely to hit during the southern hemisphere spring, between September and November. El Niño, characterized by elevated sea surface...
Posted: Aug 15, 2023
Typhoon Lan reached the coast of central Japan early Tuesday, grounding flights and halting trains as residents braced for heavy rain, flooding and landslides. Known locally as Typhoon No. 7, the storm has been traversing the archipelago’s cent...
Posted: Aug 15, 2023
Merchant ships remained backed up in lanes around the Black Sea on Monday as ports struggled to clear backlogs amid growing unease among insurers and shipping companies a day after a Russian warship fired warning shots at a cargo vessel. …
Posted: Aug 15, 2023
Israel-based fintech Vesttoo is seeking Chapter 11 bankruptcy protection in a U.S. court which will enable it to pursue legal action against those responsible for a fake collateral scandal, it said in a statement on Monday. Vesttoo – partly bac...
Posted: Aug 15, 2023
White House officials concerned by AI chatbots’ potential for societal harm and the Silicon Valley powerhouses rushing them to market are heavily invested in a three-day competition ending Sunday at the DefCon hacker convention in Las Vegas. So...
Posted: Aug 15, 2023
The Motor Carrier Insurance Education Foundation (MCIEF) has named Jim Schoonover its new education director. He succeeds Tommy Ruke who founded the organization in 2013. Schoonover, whose mission will be to educate transportation industry insurance...
Posted: Aug 15, 2023
One of five Alabama tow truck operators charged with overcharging insurance companies will go to trial in April, almost four years after the men were hit with insurance fraud charges. Danny Williams, owner of Southport Towing, in Mobile, Alabama, was...
Posted: Aug 15, 2023
A towering North Carolina roller coaster that shut down in June due to a large crack in its support column reopened Thursday after a month of repairs and testing, the park announced on its website. Carowinds amusement park, which straddles …
Posted: Aug 15, 2023
The New Jersey Supreme Court has ruled in favor of a Roman Catholic school that fired a teacher who became pregnant out of wedlock. The high court found that where an employment decision is clearly based on the tenets of …
Posted: Aug 15, 2023
CIBA, headquartered in Glendale, Calif., named Andrew Aldorisio head of product development and a member of the executive management team. Aldorisio has more than 15 years of insurance experience, most recently as chief underwriting officer at Obsidi...
Posted: Aug 15, 2023
A Black teacher and musician who says members of a white nationalist hate group punched, kicked and beat him with metal shields during a march through Boston last year has sued the organization. Charles Murrell III, of Boston, was in …
Posted: Aug 15, 2023
The Vermont Department of Financial Regulation reports that the large-scale data security breach of the MOVEit software has compromised the personally identifiable information of roughly 42,000 Vermonters and more than 38 million consumers nationwide...
Posted: Aug 15, 2023
The New York State Insurance Fund (NYSIF), the state’s largest workers’ compensation insurer, allocated $585 million to New York employers last year through its dividends and return-of-premium programs. Every year, NYSIF returns funds to...
Posted: Aug 15, 2023
AccuWeather increased its estimate of the total damage and economic loss from the devastating wildfires burning in Hawaii to $14 to $16 billion. The update follows AccuWeather’s preliminary estimate last week of total damage and economic loss o...
Posted: Aug 14, 2023
A state judge ruled Monday that Montana’s oil and gas policies are infringing on young people’s constitutional rights to a safe environment, handing a big win to youth climate plaintiffs. An adjustment to the Montana Energy Policy Act (ME...
Posted: Aug 14, 2023
Simply Slims, L.L.C., and or Dixie Chicken, L.L.C. d/b/a Slim Chickens in Hot Springs, Arkansas, violated federal law when it subjected a class of teens and young adults to sexual harassment and a sexually hostile work environment, the U.S. Equal ...
Posted: Aug 14, 2023
NEW ORLEANS (AP) – Nearly $3 billion in settlement money from the BP Deepwater Horizon disaster that devastated the Gulf Coast and killed hundreds of thousands of marine animals is now funding a massive ecosystem restoration in southeastern Louisiana...
Posted: Aug 14, 2023