News Archives - Insurance Journal

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15 05, 2024

People Moves: Weinberg Joins CRC Group

By | May 15th, 2024|Uncategorized|Comments Off on People Moves: Weinberg Joins CRC Group

CRC Group, headquartered in Honolulu, hired Andrew Weinberg as an underwriting team leader specializing in transportation. Weinberg is based in CRC’s Minneapolis office. Before joining CRC Group, he served as an underwriter at Burns & Wilcox and a commercial transportation …

13 05, 2024

Washington AG Says Catholic Church Stonewalling Sex Abuse Investigation

By | May 13th, 2024|Uncategorized|Comments Off on Washington AG Says Catholic Church Stonewalling Sex Abuse Investigation

The Catholic church is refusing to cooperate with a Washington state investigation into whether it unlawfully used charitable trust funds to cover up sexual abuse by priests, Attorney General Bob Ferguson said, asking a court to force the Seattle Archdiocese …

13 05, 2024

Maryland Governor Signs Online Data Privacy, Child Protection Bills

By | May 13th, 2024|Uncategorized|Comments Off on Maryland Governor Signs Online Data Privacy, Child Protection Bills

Maryland Gov. Wes Moore signed two measures into law on Thursday that are aimed at better protecting personal data online from Big Tech, including a bill making Maryland the second state to try to create strong limits on information collected …

14 05, 2024

UAW Faces Key Test in the South With Upcoming Vote at Alabama Mercedes Plant

By | May 14th, 2024|Uncategorized|Comments Off on UAW Faces Key Test in the South With Upcoming Vote at Alabama Mercedes Plant

TUSCALOOSA, Ala. (AP) — After 20 years at the Mercedes-Benz factory in Alabama, Brett Garrard said he is “not falling for the lies anymore” and will vote for a union. The company has repeatedly promised to improve pay and conditions, …

13 05, 2024

Hackers Behind MGM Attack Targeting Financial Sector in New Campaign

By | May 13th, 2024|Uncategorized|Comments Off on Hackers Behind MGM Attack Targeting Financial Sector in New Campaign

The hacking group accused of disrupting casinos and hotels at MGM Resorts International last year is engaged in a new campaign targeting banks and insurance companies, according to cybersecurity researchers. The group, known as Scattered Spider, has targeted 29 companies …

13 05, 2024

Supreme Court Rules Against Warner Music in Copyright Damages Case

By | May 13th, 2024|Uncategorized|Comments Off on Supreme Court Rules Against Warner Music in Copyright Damages Case

The U.S. Supreme Court on Thursday ruled in favor of a Miami music producer in a legal fight with Warner Music over a song by rapper Flo Rida, finding that there is no time limit for recovering monetary damages in …

14 05, 2024

Tesla Settles Factory Worker’s Sexual Harassment Lawsuit

By | May 14th, 2024|Uncategorized|Comments Off on Tesla Settles Factory Worker’s Sexual Harassment Lawsuit

Tesla has settled a lawsuit by a former factory employee who says she was fired for complaining about severe sexual harassment, as the electric carmaker faces a series of sex and race discrimination lawsuits. U.S. District Judge William Orrick in …

13 05, 2024

Catastrophe Bonds Use Models Underestimating Climate Risks, Investors Say

By | May 13th, 2024|Uncategorized|Comments Off on Catastrophe Bonds Use Models Underestimating Climate Risks, Investors Say

The risk models that helped drive one of the most lucrative bets of 2023 are increasingly being tested by smaller weather shocks fueled by climate change. Catastrophe bonds and other insurance-linked securities, which powered last year’s highest-returning hedge fund strategy, …

14 05, 2024

Canadian Crews Battle Wildfire Threatening Remote Western Town

By | May 14th, 2024|Uncategorized|Comments Off on Canadian Crews Battle Wildfire Threatening Remote Western Town

Firefighters on Monday battled a large wildfire heading towards a remote western Canadian town as winds and tinder dry conditions threatened to spread the flames further, a provincial minister said. The largely evacuated town of Fort Nelson in British Columbia …

13 05, 2024

Decayed, Broken Utility Pole Caused Largest Wildfire in Texas History: Report

By | May 13th, 2024|Uncategorized|Comments Off on Decayed, Broken Utility Pole Caused Largest Wildfire in Texas History: Report

LUBBOCK — A decayed utility pole that broke, causing power wires to fall on dry grass in the Texas Panhandle, sparked the state’s largest wildfire in history, a Texas House committee confirmed Wednesday. And other poorly maintained power equipment sparked …