News Archives - Insurance Journal

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4 10, 2024

Antarctica Had Less Winter Sea Ice in 2024 Than Any Year Except 2023

By | October 4th, 2024|Uncategorized|Comments Off on Antarctica Had Less Winter Sea Ice in 2024 Than Any Year Except 2023

Antarctic sea ice at its annual peak this year covered the second-lowest area on record. It was just shy of last year’s record low, continuing what scientists fear is a trend caused by climate change. The ice covered 17.16 million …

4 10, 2024

Shipping Containers Are Regularly Lost at Sea. What Happens When They Burst Open?

By | October 4th, 2024|Uncategorized|Comments Off on Shipping Containers Are Regularly Lost at Sea. What Happens When They Burst Open?

Russ Lewis has picked up some strange things along the coast of Long Beach Peninsula in Washington state over the years: Hot Wheels bicycle helmets with feather tufts, life-size plastic turkey decoys made for hunters, colorful squirt guns. And Crocs …

4 10, 2024

Massachusetts Governor Healey Names Caljouw as Insurance Commissioner

By | October 4th, 2024|Uncategorized|Comments Off on Massachusetts Governor Healey Names Caljouw as Insurance Commissioner

Massachusetts Governor Maura Healey announced the appointment of Michael T. Caljouw as state’s new insurance commissioner. Caljouw comes to DOI with 33 years of experience in insurance law and policy in the state, including most recently as government affairs vice …

4 10, 2024

Helene’s Flooding a Reminder of Appalachia’s Growing Risk From Violent Storms

By | October 4th, 2024|Uncategorized|Comments Off on Helene’s Flooding a Reminder of Appalachia’s Growing Risk From Violent Storms

HENDERSONVILLE, N.C. (AP) — Hurricane Helene dumped trillions of gallons of water hundreds of miles inland, devastating communities nestled in mountains far from the threat of storm surge or sea level rise. But that distance can conceal a history of …

4 10, 2024

Helene-Soaked Florida Faces New Threat: Up to a Foot of Rain

By | October 4th, 2024|Uncategorized|Comments Off on Helene-Soaked Florida Faces New Threat: Up to a Foot of Rain

One week after Hurricane Helene barreled ashore, Florida is bracing for another round of heavy rainfall and strong winds from a tropical system brewing in the Atlantic. The potential storm could bring as much as a foot of rain to …

4 10, 2024

NC Town That Produces Quartz for Tech Products is Devastated by Helene

By | October 4th, 2024|Uncategorized|Comments Off on NC Town That Produces Quartz for Tech Products is Devastated by Helene

SPRUCE PINE, N.C. (AP) — Two North Carolina facilities that manufacture the high-purity quartz used for making semiconductors, solar panels and fiber-optic cables have been shut down by Hurricane Helene with no reopening date in sight. Sibelco and The Quartz …

4 10, 2024

Pennsylvania Supreme Court Yanks Dentist’s COVID Insurance Coverage Win

By | October 4th, 2024|Uncategorized|Comments Off on Pennsylvania Supreme Court Yanks Dentist’s COVID Insurance Coverage Win

The Pennsylvania Supreme Court has reversed lower court rulings and denied a dentist’s bid for coverage for loss of use of his offices due to the COVID-19 pandemic. The high court concluded in a case involving CNA and Valley Forge …

4 10, 2024

Becton Dickinson Hernia-Mesh Settlements Will Exceed $1 Billion

By | October 4th, 2024|Uncategorized|Comments Off on Becton Dickinson Hernia-Mesh Settlements Will Exceed $1 Billion

Becton Dickinson & Co. will pay more than $1 billion to resolve more than 38,000 lawsuits alleging medical patients suffered damaged organs from surgical mesh improperly used to treat hernias, according to people familiar with the deal who weren’t authorized …

4 10, 2024

Rebuild or What? Florida Towns Hit Three Times by Hurricanes Face Tough Choice

By | October 4th, 2024|Uncategorized|Comments Off on Rebuild or What? Florida Towns Hit Three Times by Hurricanes Face Tough Choice

HORSESHOE BEACH, Fla. (AP) — It was just a month ago that Brooke Hiers left the state-issued emergency trailer where her family had lived since Hurricane Idalia slammed into her Gulf Coast fishing village of Horseshoe Beach in August 2023. …

4 10, 2024

Africa Specialty Risks Begins Operating as Lloyd’s Service Company

By | October 4th, 2024|Uncategorized|Comments Off on Africa Specialty Risks Begins Operating as Lloyd’s Service Company

Africa Specialty Risks (ASR), the pan-African and Middle East-focused reinsurance group, announced that has begun operating as a Lloyd’s service company. As a Lloyd’s service company, ASR’s UK based entity, Africa Specialty Risks Ltd. (ASR Ltd.), is underwriting on behalf …