Insurance Journal

Philips Expects to Reach Settlements This Year for Global Recall of Respiratory Devices

Dutch health technology company Philips expects to reach settlements this year relating to its global recall of respiratory devices, CEO Roy Jakobs said in an interview with Dutch financial daily FD published on Thursday. “I think we can at lea...

Posted: Mar 30, 2023

Arkansas Sues TikTok, Meta Over Child Safety, Privacy Claims

LITTLE ROCK, Ark. (AP) – The state of Arkansas sued TikTok and Facebook parent Meta on Tuesday, claiming the social media companies were misleading consumers about the safety of children on their platforms and protections of users’ privat...

Posted: Mar 30, 2023

Typhoon-Prone Philippines to Launch Insurance Plan for Infrastructure Losses

The Philippines is readying an insurance plan that will protect the Southeast Asian nation from infrastructure losses caused by natural disasters, seeking to better respond to climate change risks. The government will put in place a national indemnit...

Posted: Mar 30, 2023

At Trial, Minnesota Says Juul Targets Kids

MINNEAPOLIS (AP) – Minnesota Attorney General Keith Ellison personally opened his state’s case against Juul Labs on Tuesday, accusing the e-cigarette maker of using “slick products, clever ads and attractive flavors” to hook c...

Posted: Mar 30, 2023

BHP Group Seeks to Delay $44B Brazil Dam Court Case in London

Mining group BHP Group is seeking to delay a potential 36 billion pound ($44 billion) London lawsuit over Brazil’s worst environmental disaster as it needs more time to prepare, the company’s lawyers said on Wednesday. The world’s b...

Posted: Mar 30, 2023

Swiss Re Faces $6.3M Claim Over Sex Discrimination, Unfair Dismissal

A former Swiss Re underwriter, who last year won a sex and maternity discrimination and unfair dismissal case, is seeking 5.1 million pounds ($6.3 million) in compensation and told a London court she wants to retrain as a Baptist pastor. …

Posted: Mar 30, 2023

Fed Official Tells Congress Many to Blame for Silicon Valley Bank Failure

The scope of blame for Silicon Valley Bank’s failure stretches across bank executives, Federal Reserve supervisors and other regulators, the banking system’s top cop on Wednesday told U.S. lawmakers demanding answers for the lender’...

Posted: Mar 30, 2023

Ex-Tesla Worker Testifies That Race Bias Made Him ‘Feel Less Than a Man’

A Black former elevator operator at Tesla Inc’s TSLA.O flagship California assembly plant became emotional testifying at a trial on Wednesday about the psychological toll exacted on him by a torrent of racial slurs, threats and other workplace...

Posted: Mar 30, 2023

AI Leaders Urge Labs to Halt Training Models More Powerful Than ChatGPT-4

Artificial intelligence experts and industry leaders, including Elon Musk, University of California Berkeley computer science professor Stuart Russell and Apple Inc. co-founder Steve Wozniak, are calling on developers to hit the pause button on train...

Posted: Mar 30, 2023

Toxic Connection Not Proven, Appeals Court Finds in Florida Cancer Suit vs. Raytheon

In closely watched and widely publicized toxic-tort litigation that has percolated through the courts for more than a decade, federal appeals judges this week underscored the strict standard that expert witnesses are held to when plaintiffs argue tha...

Posted: Mar 30, 2023

Judge Rules BNSF Intentionally Violated Agreement with Washington Tribe

A judge ruled that BNSF Railway intentionally violated the terms of an easement agreement with the Swinomish Indian Tribal Community in Washington by running 100-car trains carrying crude oil over the reservation. The ruling in the civil case comes a...

Posted: Mar 30, 2023

Connecticut Gunmaker Faces Another Suit by Relatives of Colorado Shooting Victims

More relatives of people shot to death at a Colorado supermarket in 2021 are suing gun-maker Sturm, Ruger & Co. over how it marketed the firearm used in the massacre, adding to litigation first filed earlier this month against the …

Posted: Mar 30, 2023

People Moves: California Workers’ Comp Institute Elects 2023 Board

Sharon Thaler, National Director of Workers’ Compensation Field Underwriting Operations at AF Group/CompWest, was reelected as chair of the California Workers’ Compensation Institute board of directors for 2023. Thaler was first elected t...

Posted: Mar 30, 2023

Deadly Chocolate Factory Blast a Reminder of Combustion Risks

Last week’s fatal blast at a Pennsylvania chocolate factory highlighted the combustibility of food plants in general and chocolate making in particular. The powerful explosion at 75-year-old R.M. Palmer Co. – which makes chocolate eggs, b...

Posted: Mar 30, 2023

Chocolate Factory Blast a Deadly Reminder of Combustion Risks

Last week’s fatal blast at a Pennsylvania chocolate factory highlighted the combustibility of food plants in general and chocolate making in particular. The powerful explosion at 75-year-old R.M. Palmer Co. – which makes chocolate eggs, b...

Posted: Mar 30, 2023

People Moves: NavSav Appoints Uminski to New COO Role; Bolander Joins Lockton as SVP of Regional Ope...

NavSav Insurance Appoints Uminski to New COO Role NavSav Insurance has appointed John Uminski as its new role of chief operating officer. Umanski comes to the Beaumont, Texas-based company following more than 25 years at Allstate. Uminski’s beg...

Posted: Mar 29, 2023

Texas Luxury Auto Dealership Fined $15K for Firing Employee Who Raised COVID Concerns

When an employee of a luxury auto dealership in Austin learned a co-worker had tested positive for COVID-19 in December 2020, they alerted the company’s management and requested they notify other employees immediately of their exposure risk. Af...

Posted: Mar 29, 2023

Minnesota Suit Against Juul Goes to Trial

MINNEAPOLIS (AP) – Minnesota Attorney General Keith Ellison is slated to lead off opening statements expected for Tuesday in his state’s lawsuit against Juul Labs – marking the first time any of the thousands of cases against the e-...

Posted: Mar 29, 2023

Family of Kansas Toddler Killed by Police During Standoff Sues

BAXTER SPRINGS, Kan. (AP) – The family of a toddler who was fatally shot by a police officer during a standoff last year between her father and law enforcement has filed a federal lawsuit over her death. Kansas authorities have …

Posted: Mar 29, 2023

Federal Appeals Court Says Corps Doesn’t Have to Review ‘Polluting Spillway’

The Bonnet Carré Spillway diverts Mississippi River flood flows away from New Orleans into Lake Pontchartrain, which connects to the Mississippi Channel and eventually the Gulf of Mexico. The spillway has been opened only 15 times since construction...

Posted: Mar 29, 2023

New Hampshire Court Nixes Medical Monitoring Part of PFOA Class Action

In a case involving a class action brought by New Hampshire citizens against a Merrimack plastics plant over its release of toxic chemicals into the air and groundwater, the state’s high court has found that medical monitoring is neither a &#82...

Posted: Mar 29, 2023

Taking Care of Business: Opportunities Within Soft Workers’ Comp Market

Workers’ compensation is getting the job done. Premiums are decreasing, claims are stable, and retention is high. But even good news can present its own set of challenges, Burns & Wilcox indicated in its webinar, Navigating a Soft Workers&#...

Posted: Mar 29, 2023

North Korean Hackers Posed as NY Times, Voice of America Staff

Suspected North Korean hackers are posing as journalists and trying to gather intelligence about international officials’ approach to nuclear security policy and Kim Jong Un’s government, according to new research. A prolific cyber-espion...

Posted: Mar 29, 2023

Southeast Beware: More Killer Tornadoes on the Way, Study Says

America will probably get more killer tornado- and hail-spawning supercells as the world warms, according to a new study that also warns the lethal storms will edge eastward to strike more frequently in the more populous Southern states, like Alabama...

Posted: Mar 29, 2023

South Carolina Senate Moves to Ban Foreign Adversaries from Owning Land in State

South Carolina’s Republican-controlled Senate passed a bill Thursday that would bar citizens of “foreign adversary” nations from buying property in the state, an anti-espionage measure that critics fear will chill overseas investmen...

Posted: Mar 29, 2023