Insurance Journal
Vale on Monday lost a bid to block fellow mining giant BHP Group’s bid to have it share potential liability in a 36 billion-pound ($46 billion) London lawsuit over Brazil’s worst environmental disaster. More than 720,000 Brazilians are su...
Posted: Aug 08, 2023
Japan cannot confirm if any security information has been leaked, the top government spokesperson said on Tuesday when asked about a Washington Post report on Chinese hacking into its defense cyber networks. Chinese military hackers gained access to...
Posted: Aug 08, 2023
Japan’s competition watchdog has begun an investigation into whether the top four non-life insurers colluded to set premiums for their corporate clients, according to a person familiar with the matter, becoming the latest regulator to look into...
Posted: Aug 08, 2023
A drone attack on a Russian oil tanker and a warning from Kyiv that more could follow has so far had little impact on insurance costs for oil and commodity carriers in the key Black Sea region, as rates were …
Posted: Aug 08, 2023
According to IBM’s Cost of a Data Breach report, 2023 set an all-time high record with the global average data breach cost reaching $4.45 million, a 2.3% increase from 2022 and a 15.3% from 2020. The 2023 research, conducted independently ̷...
Posted: Aug 08, 2023
Some 30,000 workers at Yellow Corp were looking for jobs on Monday after the major trucking company filed for Chapter 11 bankruptcy protection, potentially saddling U.S. taxpayers with losses from a government rescue of the long-troubled carrier. The...
Posted: Aug 08, 2023
The Plexus Groupe, an insurance brokerage and advisory firm based in Deer Park, Illinois, is expanding into Tennessee and has named two business leaders to the Memphis office. Cary Cheston, who has worked with Memphis businesses on insurance needs fo...
Posted: Aug 08, 2023
A fast-moving house fire in southern New Jersey that killed four family members, including a four-month-old baby, has been ruled an accident, authorities said Wednesday. Two women, an infant and a teenage girl died in Tuesday`s fire in Lacey Township...
Posted: Aug 08, 2023
Pfizer Inc. said on Thursday it will begin making some products available only through its emergency ordering process, as part of steps to manage inventory at its North Carolina facility that was struck by a tornado last month. The drugmaker …
Posted: Aug 08, 2023
Banks seeking to sell commercial-property loans are encountering a dried-up market with few options for an easy exit. Lenders including Goldman Sachs Group Inc. and JPMorgan Chase & Co. have been trying to sell debt backed by offices, hotels and...
Posted: Aug 08, 2023
The Oregon Occupational Safety and Health Division fined Hillsboro contractor Arm & Hammer Construction Inc. $66,420 for multiple violations of workplace safety rules. In one violation, the company repeatedly failed to protect workers from fall h...
Posted: Aug 08, 2023
Dispensary entrepreneur Adam Fong got tired of having his San Rafael, California operation being broken into. The business suffered five break-ins starting in 2019, with the biggest loss coming from the first theft – $10,000 worth of product and $20,...
Posted: Aug 08, 2023
Two women were killed and another woman and two men were hospitalized with burns after a weekend fire on a pleasure boat in Long Beach, California, authorities said. The blaze was reported around 5:15 p.m. Saturday on a 35-foot motorboat …
Posted: Aug 07, 2023
As Kenneth Polite steps down this month as the head of the U.S. Department of Justice’s Criminal Division, he will leave behind a flurry of major corporate settlements that he told Reuters in an exit interview will hit federal court …
Posted: Aug 07, 2023
ST. LOUIS (AP) – Some of the people who were arrested during a 2017 protest over the acquittal of a white police officer in the shooting death of Anthony Lamar Smith have started receiving their share of a $4.9 million …
Posted: Aug 07, 2023
SHAWANO, Wis. (AP) __ A Wisconsin teenager has been charged with triggering a bonfire explosion that injured more than a dozen people. Prosecutors in northeastern Wisconsin`s Shawano County charged Sam Armstrong, 18, on Thursday with 13 counts of inj...
Posted: Aug 07, 2023
SHAWANO, Wis. (AP) __ A Wisconsin teenager has been charged with triggering a bonfire explosion that injured more than a dozen people. Prosecutors in northeastern Wisconsin`s Shawano County charged Sam Armstrong, 18, on Thursday with 13 counts of inj...
Posted: Aug 07, 2023
NEW ORLEANS (AP) – A south Louisiana parish is suing the Port of New Orleans to block it from building a planned $1.8 billion container facility. The St. Bernard Parish District Attorney`s Office filed the lawsuit this week in 34th …
Posted: Aug 07, 2023
Despite an extensive history of serious and repeat violations dating back more than a decade, a Houston, Texas steel erection company again failed to correct fall protection systems hazards, a federal workplace safety investigation has found. Investi...
Posted: Aug 07, 2023
A Texas appellate court threw out a trial court order that approved a plaintiff’s overly broad discovery request in an employee’s personal injury lawsuit against Home Depot. A panel of the 9th Court of Appeals in Beaumont vacated a judge&...
Posted: Aug 07, 2023
H.W. Kaufman Group Appoints Janis as General Counsel H.W. Kaufman Group, headquartered in Farmington Hills, Mich., hired David R. Janis as general counsel and a member of the company’s leadership team. For nearly 20 years, Janis has worked as a...
Posted: Aug 07, 2023
This post is part of a series sponsored by AgentSync. Managing compliance throughout the producer licensing process is complex, especially when it’s done by hand and even more so when it involves managing variable lines brokers. Due to the secu...
Posted: Aug 07, 2023
Three New York legislators said they plan on pushing bills next year that would bar property insurers from requesting information about subsidized housing, a practice that discriminates, an NYC news outlet reported. The Gothamist, a non-profit news o...
Posted: Aug 07, 2023
Now that regulators in Washington have unfurled a hefty reform package of post-financial crisis capital regulations, banking industry advisers are honing in on what they consider most disruptive, including risk management requirements that could affe...
Posted: Aug 07, 2023
Britain said on Wednesday [Aug. 2] it would start work on setting up new rules specially designed to prevent a big insurance company collapse from crashing the financial system. Regulators have already introduced rules to deal with ailing banks after...
Posted: Aug 07, 2023