Insurance Journal

Singapore Detains Record Number of Oil, Chemical Tankers as Dark Fleet Grows

Singapore’s detentions of oil and chemicals tankers have surged since early last year, highlighting growing concerns over the environmental and safety impact of an expanding fleet of aging vessels plying major shipping lanes. The city-state has...

Posted: Jun 01, 2023

School Bus, Tanker Truck Collide, Sending 18 to Hospital in South Carolina

A school bus collided with a tanker truck in South Carolina, sending at least 18 people, mostly children, to the hospital, authorities said. The bus was carrying 36 passengers when it collided with the tanker at about 4 p. m. …

Posted: Jun 01, 2023

School Bus, Tanker Truck Collide, Sending 18 to Hospital

A school bus collided with a tanker truck in South Carolina, sending at least 18 people, mostly children, to the hospital, authorities said. The bus was carrying 36 passengers when it collided with the tanker at about 4 p. m. …

Posted: Jun 01, 2023

Georgia Supreme Court Upholds Professors’ Challenge to Allowing Guns on Campus

Georgia’s highest court this week upheld a lower court ruling that dismissed a lawsuit brought by five college professors challenging the removal of public colleges and universities from a list of “school safety zones” where weapons...

Posted: Jun 01, 2023

Markets/Coverages: W. R. Berkley Corporation Forms Berkley Specialty Excess

W. R. Berkley Corporation said it has formed Berkley Specialty Excess to offer excess liability coverages in specialized markets, with an initial focus on the environmental and energy industries. John Termini has been named president of the new busin...

Posted: Jun 01, 2023

New Zealand Offers to Buy Out Owners of Cyclone, Flood-Damaged Homes

New Zealand’s government will help to buy out the owners of cyclone and flood-damaged houses in areas deemed susceptible to severe weather events, beginning a process of managed retreat in the face of climate change. Together with local council...

Posted: Jun 01, 2023

Truck Driver Indicted After Deadly Oregon Crash That Killed 7 Farmworkers

The driver of the semitruck involved in a fatal crash on Interstate 5 in Oregon earlier this month that left seven farmworkers dead has been indicted on charges of manslaughter, court documents show. A grand jury in Marion County Court …

Posted: Jun 01, 2023

Amazon to Pay $30.8 Million to Settle FTC Privacy Claims Over Ring Doorbell

Amazon.com Inc. agreed to pay $30.8 million to resolve two cases brought by the Federal Trade Commission related to privacy lapses by its smart devices. In one case, the FTC alleged that Amazon didn’t take steps to protect the privacy …

Posted: Jun 01, 2023

Union Cleaning Workers in New York City Sue Twitter Over Back Pay

Eleven former Twitter cleaning workers at its New York City offices sued the company Tuesday, saying they are owed hundreds of thousands of dollars in back pay and damages after they were abruptly fired in December. The lawsuit in Manhattan …

Posted: Jun 01, 2023

UK’s Ardonagh to Acquire Greek Reinsurance Broker SRS Group

The Ardonagh Group announced its expansion into Greece following its agreement to acquire a majority shareholding in SRS Group of Companies (SRS). Founded in 2019 and based in Athens, SRS’ businesses include a leading independent wholesale rein...

Posted: Jun 01, 2023

UK’s Business Lobby Group Sets Out Proposals for Change After Misconduct Scandals

Britain’s leading business lobby group set out a series of proposals Wednesday that it hopes can secure its future following a string of allegations of inappropriate behavior that led to the cancellation of membership subscriptions from some of...

Posted: Jun 01, 2023

Wildfire on Canada’s Atlantic Coast Prompts Evacuation of 16,000, Damages Properties

A wildfire on Canada’s Atlantic coast has damaged about 200 houses and other structures and prompted the evacuation of 16,000 people, many of whom were eager to return Tuesday to see whether homes and pets had survived. Firefighters worked thro...

Posted: Jun 01, 2023

Sick Restaurant Workers Linked to 4 in 10 Food Illness Outbreaks

Sick restaurant and food-store workers were linked to four in 10 US foodborne disease outbreaks in recent years, yet few establishments had comprehensive policies in place to prevent contamination, a government analysis found. Food workers’ ill...

Posted: Jun 01, 2023

Amazon Employees Walk Out to Protest Climate, Return-To-Work Policies

A few hundred Amazon.com Inc. employees walked off the job Wednesday to protest the company’s return-to-work policies, impact on the climate and deepest-ever round of layoffs. The protest, organized by Amazon Employees for Climate Justice and A...

Posted: Jun 01, 2023

People Moves: Conning Announces New Head of North America, Other Key Promotions

Conning Announces New Head of North America and Other Key Promotions Conning has named Matt Daly, head of the corporate and municipal bond teams, as the new head of Conning North America, effective September 30. Daly has over 25 years …

Posted: Jun 01, 2023

Miss. High Court: Law Firm Not Liable for ‘Negligent’ Subro Action in Car Wreck

A collections law firm for State Farm Insurance cannot be held liable for a poorly handled subrogation claim against a Mississippi driver, but the insurance company must still face trial in the matter, the Mississippi Supreme Court has decided. The &...

Posted: Jun 01, 2023

People Moves: Island Insurance in Hawaii Names Hokama Vice President

Island Insurance named Reid Hokama vice president, personal lines and marketing. Reid has nearly three decades of financial experience and most recently was vice president and investment strategy manager in Central Pacific Bank’s Wealth Managem...

Posted: Jun 01, 2023

America’s Venice? Study Finds New York City Is Slowly Sinking From Its Own Weight

If rising oceans aren’t worry enough, add this to the risks New York City faces: The metropolis is slowly sinking under the weight of its skyscrapers, homes, asphalt and humanity itself. New research estimates the city’s landmass is sinki...

Posted: Jun 01, 2023

Worker Injured a ‘Reasonable Time’ After Shift Ends Is Covered, Virginia Panel Says

A worker who fell and injured herself while walking to the restroom after completing her shift as a convenience store clerk was still in the course of her employment when she fell and thus she is entitled to workers’ compensation …

Posted: Jun 01, 2023

State Farm’s California Halt Reflects Overall Poor Underwriting Experience, Ratings Agency Says

State Farm’s announcement last week that the carrier was no longer writing new personal or business property casualty policies in California “reflects the poor underwriting experience for California homeowners’ writers,” a rat...

Posted: May 31, 2023

Prop 103’s Author Isn’t the Final Word on What Prop 103 Says

It’s been 35 years since Californians voted by a narrow majority to pass Proposition 103, completely overhauling how the nation’s largest state regulates the business of insurance. That’s an awfully long time. So long, it seems, tha...

Posted: May 31, 2023

People Moves: VIAA Promotes, Hires Team Members

Valley Insurance Agency Alliance Promotes, Hires Team Members Valley Insurance Agency Alliance recently promoted Amy Russell to lead pod marketer and hired Michael Welch as commercial marketer. Russell, who previously served as marketing specialist a...

Posted: May 31, 2023

Louisiana Dept. of Insurance Reminds Residents of Roof Coverage Ahead of Hurricane Season

The Louisiana Department of Insurance (LDI) is reminding residents to review and assess their roof insurance coverage ahead of the 2023 Atlantic Hurricane Season, which begins June 1. LDI recommends policyholders review their policy to see what deduc...

Posted: May 31, 2023

Environmental Platform Urges 1,600-Plus High-Emitting Firms to Disclose Data

More than 1,600 companies identified by non-profit platform CDP as having the biggest impact on the environment are not disclosing environmental data, it said as it launched its latest campaign to get firms to provide the information. CDP, which has...

Posted: May 31, 2023

Minnesota Governor Prepares to Sign Bill Legalizing Recreational Cannabis

ST. PAUL, Minnesota (AP) – Minnesota Democratic Gov. Tim Walz is scheduled to sign a bill Tuesday that legalizes recreational marijuana for people over the age of 21, making Minnesota the 23rd state to legalize the substance for adults. Former...

Posted: May 31, 2023