Insurance Journal
Ukraine pushed back on Russia’s apparent offer to extend the landmark grain-export deal by just 60 days when it comes up for renewal later this week. Russian and United Nations officials held discussions in Geneva on Monday as crop traders R...
Posted: Mar 14, 2023
Employees at Meta Platforms Inc. and ByteDance Inc. were aware of the harmful effects of their platforms on young children and teenagers but disregarded the information or in some cases sought to undermine it, according to claims in a court …
Posted: Mar 14, 2023
As someone who had a front row seat at the largest bank failure in U.S. history, Washington Mutual, the demise of Silicon Valley Bank (SVB) brings back memories of how seemingly well-run banks can in an instant run into trouble …
Posted: Mar 14, 2023
The U.S. government on Monday sued Rite Aid Corp., accusing the pharmacy chain of missing “red flags” as it illegally filled hundreds of thousands of prescriptions for controlled substances, including opioids. In a complaint filed in Clev...
Posted: Mar 14, 2023
Silicon Valley Bank (SVB) on Monday was hit with what appears to be the first federal securities class-action lawsuit against it, carrying allegations that the bank make false or misleading statements pertaining to the potential impact rising interes...
Posted: Mar 14, 2023
The AM Best financial rating firm’s tepid outlook for Allstate’s Florida subsidiaries, Castle Key Insurance Co. and Castle Key Indemnity Co., has raised new questions about the subsidiaries’ and their parent company’s financia...
Posted: Mar 14, 2023
A former Maryland police chief was convicted Thursday of intentionally setting fire to buildings belonging to his adversaries, leading various law enforcement agencies on a sprawling investigation that linked a dozen arsons spanning nearly a decade a...
Posted: Mar 14, 2023
Owners of self-storage businesses in Connecticut want to be able to sell property insurance to their tenants but the state insurance regulator thinks that is a bad idea. According to Joe Doherty, lobbyist for the national Self Storage Association, 42...
Posted: Mar 14, 2023
A Framingham, Massachusetts man was sentenced this week for his role in a business email compromise (BEC) scheme. Gustaf Njei was sentenced by U.S. District Court Chief Judge F. Dennis Saylor IV to 27 months in prison and two years …
Posted: Mar 14, 2023
The Federal Emergency Management Agency is cautioning residents in parts of central California and western Nevada to pay attention to local officials as additional heavy rains and flooding are predicted. The National Weather Service predicts widespre...
Posted: Mar 13, 2023
Louisiana Insurance Commissioner Jim Donelon announced on March 13 that Louisiana Citizens will provide an additional 30 days after United Property & Casualty Insurance Company (UPC) policies cancel on March 29 for policyholders and their insuran...
Posted: Mar 13, 2023
AUSTIN, Texas (AP) – Three women in Texas are being sued for wrongful death by a man who claims they helped his now-ex-wife obtain medication for an abortion. It’s another test of state-enforced bans since the U.S. Supreme court overturne...
Posted: Mar 13, 2023
CEDAR RAPIDS, Iowa (AP) – High inflation and construction cost spikes are prompting city officials to study the impact of growing expenses on its permanent flood control system. But City Manager Jeff Pomeranz recently said during a City Council...
Posted: Mar 13, 2023
A 34-year-old worker’s attempt to clean out a Roseland grain silo, in preparation for fall harvest, turned tragic on Sept. 12, 2022, when corn engulfed and asphyxiated him. An investigation by the U.S. Department of Labor’s Occupational S...
Posted: Mar 13, 2023
EAST PALESTINE, Ohio (AP) – Heather Bable speaks rapidly, recalling the terror of the night when a train loaded with hazardous chemicals derailed less than a half-mile from her home in East Palestine, Ohio. She heard an earthshaking boom and, &...
Posted: Mar 13, 2023
La Nina seemed to treat Louisiana and the rest of the Southeast United States like a punching bag. Its three-year barrage of body blows has come to an end, but left behind a lot of scars from hurricanes and tornadoes …
Posted: Mar 13, 2023
Attorney General Merrick B. Garland has chosen Allison Turkel to head the September 11th Victim Compensation Fund (VCF). Turkel, who has served in the Justice Department for more than 14 years, most recently in the Office for Victims of Crime, …...
Posted: Mar 13, 2023
The New York attorney general has won an order that stops gun companies from selling or distributing unfinished or unserialized gun parts used to assemble untraceable “ghost guns” to New York consumers. U.S. District Judge Jesse Furman in...
Posted: Mar 13, 2023
The US energy industry must shore up protection against cyberattacks from China, a more pressing concern than attacks from Russia amid its war on Ukraine, according to a senior government cybersecurity official. “The big threat we all need to b...
Posted: Mar 13, 2023
The US energy industry must shore up protection against cyberattacks from China, a more pressing concern than attacks from Russia amid its war on Ukraine, according to a senior government cybersecurity official. “The big threat we all need to b...
Posted: Mar 13, 2023
Authorities ordered more than 1,500 people to evacuate early Saturday from a Northern California agricultural community famous for its strawberry crop after the Pajaro River’s levee was breached by flooding from a new atmospheric river pummelin...
Posted: Mar 13, 2023
A 16-year-old girl in the Florida Panhandle was killed when a tree fell on the vehicle she was in during a fierce storm that saw wind speeds reach 80 mph (129 km), authorities said. The girl was killed and the …
Posted: Mar 13, 2023
Insurers led by AIG are asking London’s High Court to merge various lawsuits brought by aircraft lessors against insurance companies refusing to pay out claims for jets effectively confiscated in Russia. AerCap Holdings NV, the world’s bi...
Posted: Mar 13, 2023
Insurers led by AIG succeeded in their attempt to merge several lawsuits brought by aircraft lessors over outstanding claims for jets that have been left out of reach in Russia. Judge Christopher John Butcher at London’s High Court said he R...
Posted: Mar 13, 2023
The family of a meteorologist who was killed last fall in a helicopter crash in North Carolina is suing a maintenance facility and the companies that owned and operated the aircraft. The lawsuit was filed the same week in which …
Posted: Mar 13, 2023