News Archives - Insurance Journal

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29 08, 2024

Texas Officials Sued Over Anti-ESG Law Targeting Wall Street

By | August 29th, 2024|Uncategorized|Comments Off on Texas Officials Sued Over Anti-ESG Law Targeting Wall Street

The American Sustainable Business Council sued Texas officials in an effort to block a law that restricts state investments with certain financial firms because of their energy policies. The lawsuit filed Thursday in federal court in Austin, argues the 2021 …

29 08, 2024

Chicago Manufacturer Faces $1M Fine for Exposing Workers to Silica Dust

By | August 29th, 2024|Uncategorized|Comments Off on Chicago Manufacturer Faces $1M Fine for Exposing Workers to Silica Dust

Federal safety inspectors became aware that a 31-year-old employee of a Chicago countertop manufacturer needed a double lung transplant after suffering accelerated silicosis ‒ an incurable lung disease – and the U.S. Department of Labor immediately alerted the company of …

30 08, 2024

Lithium Startups Bet on High Demand in Battery-Powered Future

By | August 30th, 2024|Uncategorized|Comments Off on Lithium Startups Bet on High Demand in Battery-Powered Future

As the world leans into electrification, it will need more lithium. A key ingredient in the batteries that power everything from electric vehicles to cell phones, demand is projected to accelerate over the next decade. To meet it, a new …

30 08, 2024

South Africa Insurer Santam Plans Asia Expansion, Following Success of Parent Sanlam

By | August 30th, 2024|Uncategorized|Comments Off on South Africa Insurer Santam Plans Asia Expansion, Following Success of Parent Sanlam

South Africa-based general insurer Santam Ltd. plans to expand in Asia to diversify its premiums and counter tepid growth at home. The insurer, a subsidiary of financial services group Sanlam Ltd., generates 82% of its premiums in South Africa. “We …

30 08, 2024

NHTSA Closes Two Preliminary Probes Into Fisker’s Ocean SUVs

By | August 30th, 2024|Uncategorized|Comments Off on NHTSA Closes Two Preliminary Probes Into Fisker’s Ocean SUVs

The U.S. auto safety regulator said on Wednesday it has closed two separate probes into Fisker’s Ocean SUVs over an alleged door malfunction and a loss of brake performance, after the electric-vehicle startup issued recalls to fix the problems. The …

30 08, 2024

GM Must Face Big Class Action Over Faulty Transmissions

By | August 30th, 2024|Uncategorized|Comments Off on GM Must Face Big Class Action Over Faulty Transmissions

General Motors was ordered by a federal appeals court to face a class action claiming it violated laws of 26 U.S. states by knowingly selling several hundred thousand cars, trucks and SUVs with faulty transmissions. The 6th U.S. Circuit Court …

30 08, 2024

UK’s Aviva Conspired to Dodge India Compensation and Tax Rules, Agency Says

By | August 30th, 2024|Uncategorized|Comments Off on UK’s Aviva Conspired to Dodge India Compensation and Tax Rules, Agency Says

An Indian tax agency has found that British insurer Aviva breached local regulations capping commissions to sales agents with a system of fake invoices and clandestine cash payments, according to a notice seen by Reuters. In an attempt to grow …

30 08, 2024

Sunken Superyacht Likely to Cost Insurers at Least $150 Million, Experts Say

By | August 30th, 2024|Uncategorized|Comments Off on Sunken Superyacht Likely to Cost Insurers at Least $150 Million, Experts Say

Insurers of the Bayesian superyacht that sank this month, killing tech entrepreneur Mike Lynch and six others, could be on the hook for at least $150 million, according to the first estimates by industry experts. The British-flagged 56-meter-long (184-foot-long) yacht, …

30 08, 2024

Trucking Firm of Fatigued Driver Who Caused Fatal Crash Kept Fake Hours Data: NTSB

By | August 30th, 2024|Uncategorized|Comments Off on Trucking Firm of Fatigued Driver Who Caused Fatal Crash Kept Fake Hours Data: NTSB

A crash that killed three passengers on a party bus on a Virginia highway was caused by a fatigued truck driver working for a company that allowed its drivers to log excessive hours, a federal report concluded Wednesday. The December …

30 08, 2024

Court Revives Sarah Palin’s Libel Lawsuit Against New York Times

By | August 30th, 2024|Uncategorized|Comments Off on Court Revives Sarah Palin’s Libel Lawsuit Against New York Times

A federal appeals court revived Sarah Palin’s libel case against The New York Times on Wednesday, citing errors by a lower court judge, particularly his decision to dismiss the lawsuit while a jury was deliberating. The 2nd U.S. Circuit Court …