News Archives - Insurance Journal

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20 05, 2024

Up to 2,000 Gallons of Oil Spilled into Galveston Bay After Barge Accident

By | May 20th, 2024|Uncategorized|Comments Off on Up to 2,000 Gallons of Oil Spilled into Galveston Bay After Barge Accident

GALVESTON, Texas (AP) — Early estimates indicate up to 2,000 gallons of oil may have spilled into surrounding waters when a barge carrying fuel broke free from a tugboat and slammed into a bridge near Galveston, Texas, the U.S. Coast …

20 05, 2024

Michigan Police Arrest 6 Men for Stealing $8M Worth of Vehicles

By | May 20th, 2024|Uncategorized|Comments Off on Michigan Police Arrest 6 Men for Stealing $8M Worth of Vehicles

LANSING, Mich. (AP) — Six men working as part of a criminal organization in Michigan have been arrested in connection with the theft of more than 400 vehicles worth about $8 million, authorities said last week. The men, between the …

20 05, 2024

Hawaii Study: Nearly 75% of Wildfire Survey Participants Have Respiratory Issues

By | May 20th, 2024|Uncategorized|Comments Off on Hawaii Study: Nearly 75% of Wildfire Survey Participants Have Respiratory Issues

A University of Hawaii study examining the health effects of last year’s deadly wildfires on Maui found that up to 74% of participants may have difficulty breathing and otherwise have poor respiratory health, and almost half showed signs of compromised …

20 05, 2024

Coast Guard Studying if Other Bridges at Risk After Baltimore Collapse

By | May 20th, 2024|Uncategorized|Comments Off on Coast Guard Studying if Other Bridges at Risk After Baltimore Collapse

The U.S. Coast Guard said it is evaluating whether other bridges nationwide are at risk after a cargo ship crashed into the Francis Scott Key Bridge in Baltimore in March, killing six people and destroying the Patapsco River crossing. Coast …

20 05, 2024

GM, LG Agree on $150M Relief for Chevy Bolt EV Owners Over Faulty Batteries

By | May 20th, 2024|Uncategorized|Comments Off on GM, LG Agree on $150M Relief for Chevy Bolt EV Owners Over Faulty Batteries

General Motors and South Korea’s LG Electronics reached a settlement to establish a $150 million fund to provide relief to Chevrolet Bolt EV owners affected by defective batteries, documents filed in a U.S. court on Thursday showed. General Motors first …

20 05, 2024

Thousands Remain Without Power After Deadly Storms Hit Houston

By | May 20th, 2024|Uncategorized|Comments Off on Thousands Remain Without Power After Deadly Storms Hit Houston

HOUSTON (AP) — As the Houston area works to clean up and restore power to hundreds of thousands after deadly storms left at least seven people dead, it will do so amid a smog warning and scorching temperatures that could …

20 05, 2024

Nearly All Sanctioned Russian Oil Tankers Remain Idle and Empty Months After Sanctions

By | May 20th, 2024|Uncategorized|Comments Off on Nearly All Sanctioned Russian Oil Tankers Remain Idle and Empty Months After Sanctions

Dozens of tankers remain stuck doing nothing months after being sanctioned by the Treasury Department — a signal of the US’s scope to disrupt Moscow’s petroleum supply chain if it chooses to. Since October, 40 ships involved in Russia’s oil …

20 05, 2024

AM Best Affirms Arrow Mutual’s Ratings, Revises Outlooks Citing Claim Dispute

By | May 20th, 2024|Uncategorized|Comments Off on AM Best Affirms Arrow Mutual’s Ratings, Revises Outlooks Citing Claim Dispute

AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Arrow Mutual Liability Insurance Co. AM Best said the credit ratings …

20 05, 2024

Maine to Spend $25 Million to Rebuild Waterfront Damaged by Winter Storms

By | May 20th, 2024|Uncategorized|Comments Off on Maine to Spend $25 Million to Rebuild Waterfront Damaged by Winter Storms

Maine waterfrontMaine’s government will spend tens of millions of dollars to rebuild the state’s working waterfront communities after a series of devastating winter storms pummeled the state’s docks, wharves and coastal businesses. The back-to-back storms hammered the Northeast in January …

20 05, 2024

Arizona Wildfire Growing Amid Windy Conditions

By | May 20th, 2024|Uncategorized|Comments Off on Arizona Wildfire Growing Amid Windy Conditions

A wildfire has led the U.S. Forest Service to shut down a portion of the Tonto National Forest has grown to more than 14,000 acres. The Wildcat Fire increased in size because of windy weather conditions Sunday, prompting the Tonto …