Insurance Journal
Starbucks violated U.S. labor law by firing a Manhattan store supervisor who had organized workers to join a union, a federal labor board judge ruled on Monday. The National Labor Relations Board established “striking and strong evidence of ani...
Posted: Jul 26, 2023
The New Jersey Supreme Court has agreed to decide whether a hostile/warlike action exclusion in an all risks property insurance policy applies in a case involving insurance coverage for a 2017 Russian cyberattack. The state’s high court will he...
Posted: Jul 26, 2023
Airlines could end up paying twice as much for insurance they need to protect themselves against losses triggered by war after a bruising year wiped out aviation war insurers’ revenue for 2023, industry sources say. Aircraft were destroyed at K...
Posted: Jul 26, 2023
Wildfire Defense Systems Inc., Polo Managing Agency Ltd. (PMA) and Aon, announced Lloyd’s has approved the launch of Wildfire Defense Syndicate 1996, which started underwriting on July 1, 2023. Created under Lloyd’s “Syndicate-in-a-...
Posted: Jul 26, 2023
Human-induced climate change has played an “absolutely overwhelming” role in the extreme heatwaves that have swept across North America, Europe and China this month, according to an assessment by scientists published on Tuesday. Throughou...
Posted: Jul 26, 2023
One person died and several others were hurt when a fire broke out on a cargo ship carrying cars off the northern tip of Netherlands, forcing several crew members to jump overboard, the Dutch coastguard said on Wednesday. The Panama-registered …...
Posted: Jul 26, 2023
A fire blazed on a ship off the Dutch coast with nearly 3,000 vehicles on board on Wednesday, killing one member of the crew and injuring several others, the coastguard said. The fire began on Tuesday night on the 199-meter …
Posted: Jul 26, 2023
Amid a summer of record heat, the most dramatic impact may be taking place under the cover of Antarctic night. The continent at the bottom of the world normally sees a halo of sea ice grow around it each summer …
Posted: Jul 26, 2023
An Australian court ordered Facebook owner Meta Platforms to pay fines totaling A$20 million ($14 million) for collecting user data through a smartphone application advertised as a way to protect privacy without disclosing its actions. Australia̵...
Posted: Jul 26, 2023
Russian air strikes on Ukrainian grain facilities on the Danube this week threaten a vital river route for Kyiv’s exports, as Moscow seeks to tighten the noose around a key sector of the economy days after abandoning the Black Sea …
Posted: Jul 26, 2023
The president of Japanese used-car dealership Bigmotor Co. Ltd. said he will step down after revelations of fraudulent insurance claims by the company’s repair shops, a scandal that has also ensnared Sompo Japan Insurance Inc. “I deeply a...
Posted: Jul 26, 2023
The president of Japanese used-car dealership Bigmotor Co. Ltd. said he will step down after revelations of fraudulent insurance claims by the company’s repair shops, a scandal that has also ensnared Sompo Japan Insurance Inc. “I deeply a...
Posted: Jul 26, 2023
Congress is wading into the debate over whether automakers should be allowed to sell hundreds of thousands of self-driving cars while manufacturers seek federal permission to expand testing of the technology. The US House Energy and Commerce Committe...
Posted: Jul 26, 2023
Congress is wading into the debate over whether automakers should be allowed to sell hundreds of thousands of self-driving cars while manufacturers seek federal permission to expand testing of the technology. The US House Energy and Commerce Committe...
Posted: Jul 26, 2023
Investment banking and financial firm OPTIS Partners said the count of agency mergers and acquisitions during the first half of the year was 359, down 24% from 475 during the same time last year. “The drop-off in deal count continues …
Posted: Jul 26, 2023
This month, a number of new workers’ compensation rules took effect in Florida, affecting penalties for employers who fail to obtain comp insurance and setting new requirements for exemptions for corporate officers. The Florida Division of Work...
Posted: Jul 26, 2023
Despite years of complaints from Florida property insurers and some lawmakers that out-of-control claims litigation was destroying the industry, recent regulators’ reports about the reasons for insolvencies make no mention of the “L-word....
Posted: Jul 26, 2023
Despite years of complaints from Florida property insurers and some lawmakers that out-of-control claims litigation was destroying the industry, recent regulators’ reports about the reasons for insolvencies make no mention of the “L-word....
Posted: Jul 26, 2023
A jury’s $2.8 million punitive damage award against an insurance agency and broker that tried to poach a competitor’s staff and book of business was not excessive even though it was more than 10 times the amount of compensatory damages, &...
Posted: Jul 26, 2023
Chubb second-quarter net income went up 50.7% to nearly $1.8 billion and its property/casualty combined ratio came in at 85.4. “We had another simply outstanding quarter – in fact, a record, which contributed to a record six months,” said...
Posted: Jul 25, 2023
California workers’ compensation premium levels rose by 14% in 2022 due to the economic recovery from the pandemic-related downturn, according to the new Workers’ Compensation Insurance Rating Bureau of California’s 2023 State of th...
Posted: Jul 25, 2023
Like other states across the country, Washington has been grappling with how to regulate intoxicating hemp-derived cannabinoid products that are being innovated faster than state lawmakers can respond. The state has decided on an extreme solution tha...
Posted: Jul 25, 2023
Pinnacle Actuarial Resources Hires Chen as Senior Consulting Actuary Pinnacle Actuarial Resources, Inc., based in Bloomington, Ill., hired Michael K. Chen as a senior consulting actuary. Chen has 20 years of actuarial experience and is returning to P...
Posted: Jul 25, 2023
Pinnacle Actuarial Resources Hires Chen as Senior Consulting Actuary Pinnacle Actuarial Resources, Inc., based in Bloomington, Ill., hired Michael K. Chen as a senior consulting actuary. Chen has 20 years of actuarial experience and is returning to P...
Posted: Jul 25, 2023
CHICAGO (AP) – The hazing scandal at Northwestern University has widened to include a volleyball player who on Monday became the first female athlete to sue the university over allegations she was retaliated against by the coach for reporting her ...
Posted: Jul 25, 2023