News Archives - Insurance Journal

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6 06, 2024

Safety Dangers From Sanctioned Tanker Fleet Growing, Ship Manager Says

By | June 6th, 2024|Uncategorized|Comments Off on Safety Dangers From Sanctioned Tanker Fleet Growing, Ship Manager Says

Safety dangers are growing from aging and unregulated vessels, leading ship management firm V.Group told Reuters, adding it had stopped providing services to 30 tankers last year after they were sold to companies that did not pass compliance checks. Up …

6 06, 2024

Rhode Island Bars Auto Insurers From Hiking Rates on Widows and Widowers

By | June 6th, 2024|Uncategorized|Comments Off on Rhode Island Bars Auto Insurers From Hiking Rates on Widows and Widowers

A new Rhode Island law prohibits auto insurers from charging policyholders more solely because they have been widowed. The new law bans insurers from treating widows or widowers any differently than married people in terms of classification or rates beginning …

6 06, 2024

People Moves: Chubb Promotes Kirk as Division President of Chubb Global Markets; Everest Re Promotes Doshi to Head of North America Treaty Casualty

By | June 6th, 2024|Uncategorized|Comments Off on People Moves: Chubb Promotes Kirk as Division President of Chubb Global Markets; Everest Re Promotes Doshi to Head of North America Treaty Casualty

This edition of International People Moves details appointments at Chubb and Everest Re. A summary of these new hires follows here. Chubb Promotes Kirk as Division President of Chubb Global Markets Chubb announced that David Kirk has been appointed division …

6 06, 2024

Brazilian Butt Lift Clinics Must Now Carry Liability Insurance Under New Florida Law

By | June 6th, 2024|Uncategorized|Comments Off on Brazilian Butt Lift Clinics Must Now Carry Liability Insurance Under New Florida Law

Practitioners of Brazilian butt lift surgery, repeatedly in the news after infections and at least two patient deaths in south Florida, must now obtain medical malpractice liability insurance, thanks to a bill signed into law last month. House Bill 1561, …

6 06, 2024

Maui Council to Study Impacts of Eliminating 7,000 Vacation Rentals

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Blue Cleaning, a small business in West Maui that spruces up 27 vacation rentals, survived the sharp decline in tourists during the Covid-19 pandemic and after the devastating Aug. 8 wildfire in Lahaina. But now Leo Szakacs-Kekona, who owns and …

6 06, 2024

Tech Update: USI Launches Tech-Enabled Risk Control Platform; Baldwin Group Starts API-Connected Placement Platform for Cyber

By | June 6th, 2024|Uncategorized|Comments Off on Tech Update: USI Launches Tech-Enabled Risk Control Platform; Baldwin Group Starts API-Connected Placement Platform for Cyber

USI Insurance Services (USI) announced the launch of PATH (patent pending), a proprietary technology-enabled risk control platform for clients. The new platform leverages industry-specific benchmark data to generate tailored risk control solutions to address organizations’ top claim drivers based on …

6 06, 2024

Rise in Texas Crop Insurance Payouts Driven by Drought

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The financial costs of drought in Texas have risen rapidly over recent decades, according to a new analysis of federal crop insurance data. The nonprofit Environmental Working Group, a longtime critic of the federal crop insurance program based in Washington, …

6 06, 2024

Wisconsin Manufacturer Faces $177K After Worker Fatally Struck

By | June 6th, 2024|Uncategorized|Comments Off on Wisconsin Manufacturer Faces $177K After Worker Fatally Struck

Federal investigators have concluded that an Appleton, Wisconsin pallet manufacturer’s failure to train employees in machine safety procedures — and ensure the procedures were followed — contributed to the fatal injuries suffered by a 57-year-old employee struck by the carriage …

6 06, 2024

Iowa to Pay $3.5M to Family of Student Who Drowned in Rowing Accident

By | June 6th, 2024|Uncategorized|Comments Off on Iowa to Pay $3.5M to Family of Student Who Drowned in Rowing Accident

DES MOINES, Iowa (AP) — Iowa officials agreed Tuesday to pay $3.5 million in a settlement agreement with the family of an Iowa State University student who drowned after a school crew club boat capsized in cold, rough waters. The …

6 06, 2024

US Regulators to Open Antitrust Inquiries of Microsoft, OpenAI and Nvidia

By | June 6th, 2024|Uncategorized|Comments Off on US Regulators to Open Antitrust Inquiries of Microsoft, OpenAI and Nvidia

The U.S. Justice Department and the Federal Trade Commission have reached a deal that allows them to proceed with antitrust investigations into the dominant roles that Microsoft, OpenAI and Nvidia play in the artificial intelligence industry, according to a source …