News Archives - Insurance Journal

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24 06, 2024

Climate Change Amplifies Deadly Heat Wave Sweeping Across Southwestern US, Mexico

By | June 24th, 2024|Uncategorized|Comments Off on Climate Change Amplifies Deadly Heat Wave Sweeping Across Southwestern US, Mexico

Human-caused climate change dialed up the thermostat and turbocharged the odds of this month’s killer heat that has been baking the Southwestern United States, Mexico and Central America, a new flash study found. Sizzling daytime temperatures that triggered cases of …

24 06, 2024

Facial Recognition Startup Clearview AI Settles Privacy Suit for $50M

By | June 24th, 2024|Uncategorized|Comments Off on Facial Recognition Startup Clearview AI Settles Privacy Suit for $50M

CHICAGO (AP) — Facial recognition startup Clearview AI reached a settlement Friday in an Illinois lawsuit alleging its massive photographic collection of faces violated the subjects’ privacy rights, a deal that attorneys estimate could be worth more than $50 million. …

24 06, 2024

Ohio Pork Processing Plant Faces 43 Violations for Ammonia Exposure

By | June 24th, 2024|Uncategorized|Comments Off on Ohio Pork Processing Plant Faces 43 Violations for Ammonia Exposure

A Sandusky, Ohio pork processing facility exposed workers to a release of ammonia gas, leading the U.S. Department of Labor to open two inspections and issue 43 violations of federal regulations. Investigators with the department’s Occupational Safety and Health Administration …

24 06, 2024

Dallas Will Feel Like 107 With Heat and Humidity: Weather Watch

By | June 24th, 2024|Uncategorized|Comments Off on Dallas Will Feel Like 107 With Heat and Humidity: Weather Watch

Heat advisories are in place across the central and southern US — from South Dakota to Texas. Dallas is forecast to see highs above 98F (36.6C) this week, but the humidity through Tuesday will make it feel closer to 107, …

24 06, 2024

Blaze at South Korea Lithium Battery Plant Kills 22 Workers

By | June 24th, 2024|Uncategorized|Comments Off on Blaze at South Korea Lithium Battery Plant Kills 22 Workers

A lithium battery factory in South Korea was set on fire after multiple batteries exploded on Monday, killing 22 workers, most of them Chinese nationals, fire officials said. The fire and a series of explosions ripped through the factory run …

24 06, 2024

Markets/Coverages: FloodFlash Offers Parametric Flood Product Across US

By | June 24th, 2024|Uncategorized|Comments Off on Markets/Coverages: FloodFlash Offers Parametric Flood Product Across US

FloodFlash announced its expansion to cover all mainland US locations. The sensor-enabled parametric flood insurer provides flood coverage in excess of the National Flood Insurance Program (NFIP) where the private markets are unable to quote, particularly in real estate, sports …

24 06, 2024

Floodwaters Force People From Homes in Some Parts of Iowa

By | June 24th, 2024|Uncategorized|Comments Off on Floodwaters Force People From Homes in Some Parts of Iowa

Floodwaters forced people out of their homes in parts of Iowa, the result of weeks of rain, while much of the United States longed for relief Saturday from yet another round of extraordinary heat. Sirens blared at 2 a.m. in …

20 06, 2024

Survey: Most Homeowners Believe Their Policy Covers Flood

By | June 20th, 2024|Uncategorized|Comments Off on Survey: Most Homeowners Believe Their Policy Covers Flood

Most U.S. homeowners don’t know the policy covering their home doesn’t cover flooding, a new survey shows. Respondents in a survey out this week from Trusted Choice, a group representing the members of the Independent Insurance Agents & Brokers of …

20 06, 2024

Businesses Do Not Have Proper Coverage for Rising Liability Losses, Says Chubb

By | June 20th, 2024|Uncategorized|Comments Off on Businesses Do Not Have Proper Coverage for Rising Liability Losses, Says Chubb

An annual report from Chubb has revealed a couple of troubling trends for many businesses—the frequency and severity of large losses are up and companies are underestimating the amount of liability coverage they need. “The delta between liability loss-cost trend …

20 06, 2024

City Firms Don’t Have an Answer for UK Regulators on Workplace Sexual Harassment

By | June 20th, 2024|Uncategorized|Comments Off on City Firms Don’t Have an Answer for UK Regulators on Workplace Sexual Harassment

Hundreds of UK banks, brokers and insurers missed a deadline to respond to the financial watchdog’s survey on sexual harassment and bullying in the City, suggesting that firms are struggling to grasp the scale of the problem. In February, the …