Insurance Journal

Heat, Humidity Kill Hundreds of Cattle During World’s Hottest Month

Hundreds of cattle died in Iowa from extreme heat and humidity in late July, the state and livestock producers said, as the world recorded its hottest month ever. The deaths show the toll of severe weather on farm animals and …

Posted: Aug 09, 2023

Biden’s Carbon Proposal is Unworkable, Power Sector Warns

U.S. power plant owners warned the Biden administration on Tuesday that its sweeping plan to slash carbon emissions from the electricity sector is unworkable, relying too heavily on costly technologies that are not yet proven at scale. Top utility tr...

Posted: Aug 09, 2023

Divers Find 32 Cars Submerged in Lake Near Miami

Divers working missing persons’ cold cases have found 32 cars submerged in a lake near Miami, prompting questions about the vehicles’ connection to crimes. Multiple news outlets reported that the cars were found in murky lake in Doral, ne...

Posted: Aug 09, 2023

TWIA Board Votes Down Recommended Rate Increases

Though an analysis found rates at Texas’ insurer of last resort to be about 20% inadequate, its board on Tuesday did not come to an agreement to file for any rate increases. The board of the Texas Windstorm Insurance Association …

Posted: Aug 09, 2023

Bursting Ice Dam in Alaska Highlights Risks of Glacial Flooding

The gray, two-story home with white trim toppled and slid, crashing into the river below as rushing waters carried off a bobbing chunk of its roof. Next door, a condo building teetered on the edge of the bank, its foundation …

Posted: Aug 09, 2023

Trial Begins for Security Guard Who Shot Man in Shootout at Nashville Restaurant

A security guard charged with second-degree murder over a 2018 fatal shooting outside the Nashville restaurant where he was working headed to trial Monday, a case that hinges on whether he was justified to fire at a man involved in …

Posted: Aug 09, 2023

Southwest Will Appeal Judge’s Ruling Requiring ‘Religious Liberty Training’

Southwest Airlines Co. on Tuesday said it will appeal a Texas federal judge’s unusual order requiring three of its senior lawyers to attend “religious liberty training” by a prominent conservative Christian legal group. The airline...

Posted: Aug 09, 2023

NH Insurers, Agencies Must Report When Producers are Fired, New Commish Says

The New Hampshire Insurance Department is reminding insurance companies and agencies that they must notify the department when terminating producers for cause. “In the interest of ensuring compliance and upholding the integrity of our insurance...

Posted: Aug 09, 2023

Powerful Storm System Kills Two, Leaves 1M Without Power in South, East Coast

At least two people died, thousands of U.S. flights were canceled or delayed, and more than 1.1 million homes and businesses lost power Monday as severe storms, including hail and lightning, moved through the eastern U.S. The National Weather Service...

Posted: Aug 09, 2023

People Moves: Xceedance Names Tiwari President, EMEA/APAC; Chubb Climate+ Appoints Prunier for Produ...

This edition of International People Moves details appointments at Xceedance, Chubb, and Howden. A summary of these new hires follows here. Xceedance Names Tiwari President, EMEA & APAC Xceedance, the Boston-based provider of technology and digit...

Posted: Aug 09, 2023

People Moves: Xceedance Names Tiwari President, EMEA/APAC; Chubb Climate+ Appoints Prunier for Int’l...

This edition of International People Moves details appointments at Xceedance, Chubb, and Howden. A summary of these new hires follows here. Xceedance Names Tiwari President, EMEA & APAC Xceedance, the Boston-based provider of technology and digit...

Posted: Aug 09, 2023

Greensill Sues Zurich Insurance for $400 Million to Recoup Losses

Greensill Bank AG’s administrators are seeking more than $400 million from Zurich Insurance Plc in London lawsuits to recoup the defunct lender’s losses on controversial investments linked to Credit Suisse and Liberty Commodities Ltd.. Th...

Posted: Aug 09, 2023

Severe Convective Storms Dominate Insured Natural Disaster Losses in H1: Swiss Re

Global natural catastrophes cost insurers US$50 billion in the first half, (H1 2022: $48 billion), with most of the losses stemming from severe convective storms, according to Swiss Re. “Severe convective storms – storms associated with thunder...

Posted: Aug 09, 2023

Severe Convective Storms Top Insured Natural Disaster Losses in H1: Swiss Re

Global natural catastrophes cost insurers US$50 billion in the first half, (H1 2022: $48 billion), with most of the losses stemming from severe convective storms, according to Swiss Re. “Severe convective storms – storms associated with thunder...

Posted: Aug 09, 2023

Cargo Theft Increased 57% in Q2; High-Value Shipments Targeted

There were 582 supply chain events reported across the United States and Canada in the second quarter of 2023, a 57% increase when compared to the second quarter of 2022, according to the latest CargoNet report. Ongoing shipment misdirection attacks,...

Posted: Aug 09, 2023

Finance Firms’ Return-to-Office Crackdown Could Backfire: Deloitte

Financial firms that enforce strict return-to-office mandates could drive employees to leave, according to a study published Tuesday by accounting firm Deloitte. Of 700 financial executives surveyed by Deloitte, 66% who worked remotely part time said...

Posted: Aug 09, 2023

Meta Platforms Seeks to Stop Privacy Breach Fine in Norway

Meta Platforms is asking a court in Norway to stop a fine the Nordic country’s data regulator imposed on the owner of Facebook and Instagram for breaching users’ privacy, according to a court filing. Meta Platforms will be fined 1 …

Posted: Aug 09, 2023

Black Sea Exporters Struggle to Clear Danube Shipping Backlog

Dozens of ships are backed up around critical Danube arteries close to Ukraine’s river gateways days after Russian drone attacks on the country’s ports, shipping data showed on Tuesday. The river and its mouth are Ukraine’s last rem...

Posted: Aug 09, 2023

Severn Trent Faces First UK Class Action Suit Over Sewage Pollution

Severn Trent Plc faces an environment class action lawsuit in London over allegations it abused its dominant position in the utilities market and underreported instances where it pumped sewage into open water. Law firm Leigh Day filed England’s...

Posted: Aug 09, 2023

UK’s Voter Register Was Hacked. And No One Noticed for 15 Months.

Hackers were able to access UK voter registers undetected for 15 months, the Electoral Commission said on Tuesday, disclosing what it called a “complex cyber-attack.” “Hostile actors” could obtain the name and address of anyon...

Posted: Aug 09, 2023

UK’s Voter Register Was Hacked. No One Noticed for 15 Months.

Hackers were able to access UK voter registers undetected for 15 months, the Electoral Commission said, raising questions about data security even as it played down fears about the impact on elections. “Hostile actors” could obtain the na...

Posted: Aug 09, 2023

Russia Turns to ‘Shadow Fleet’ to Move Grain, as Its Shipping Challenges Grow

Russia’s lack of ships and Western grain traders’ shrinking appetite for business with Moscow are adding to rising costs of moving Russian wheat, at a time when the war in Ukraine has spilled perilously close to vital Black Sea supply &#8...

Posted: Aug 09, 2023

Bermuda Weighs Corporate Tax as Part of Global Minimum Tax Drive

Bermuda on Tuesday took steps toward adopting a corporate income tax as part of a move alongside nearly 140 other countries to overhaul tax regimes to deter large multinational companies from booking profits in the lowest-tax nations. The Bermudan go...

Posted: Aug 09, 2023

Business Owners Seek Increased Insurance Protection Amid Mounting Risks: Gallagher

An overwhelming number of business owners in the United States are looking to expand their insurance coverage amid risks ranging from climate change to cyber attacks, a study by global insurance brokerage Gallagher showed on Tuesday. Around 83% of bu...

Posted: Aug 09, 2023

Attacks at Medical Centers Show Why Health Care Is One of the Most Violent Fields

Word spread through an Oregon hospital last month that a visitor was causing trouble in the maternity ward, and nurses were warned the man might try to abduct his partner`s newborn. Hours later, the visitor opened fire, killing a security …

Posted: Aug 09, 2023