News Archives - Insurance Journal

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30 04, 2024

Key Insurer Says Russia Oil Price Cap Increasingly Unenforceable

By | April 30th, 2024|Uncategorized|Comments Off on Key Insurer Says Russia Oil Price Cap Increasingly Unenforceable

A Group of Seven-imposed cap on the price of Russia oil is becoming increasingly unenforceable, an organization at the heart of the global insurance industry said, offering one of the most direct criticisms yet of measures that were meant to …

30 04, 2024

Vale, BHP Offer $25B Settlement for Mining Disaster, but Brazil Authorities Want More

By | April 30th, 2024|Uncategorized|Comments Off on Vale, BHP Offer $25B Settlement for Mining Disaster, but Brazil Authorities Want More

Vale, BHP and their joint venture Samarco have presented Brazilian authorities with a settlement proposal related to reparations for the 2015 Mariana tailings dam burst, but local prosecutors still want them to bump up their offer. The proposal, the Brazilian …

30 04, 2024

US to Require New Cars to Have Emergency Braking Systems by 2029

By | April 30th, 2024|Uncategorized|Comments Off on US to Require New Cars to Have Emergency Braking Systems by 2029

Nearly all new passenger cars and trucks sold in the United States will be required to have automatic emergency braking systems by September 2029, the National Highway Traffic Safety Administration (NHTSA) said on Monday, saying that the rule will save …

30 04, 2024

Growing Progressive Set to Hire 10,000+ in Claims, IT, Other Roles

By | April 30th, 2024|Uncategorized|Comments Off on Growing Progressive Set to Hire 10,000+ in Claims, IT, Other Roles

Progressive Insurance isn’t just growing the number of policies it writes but aims to hire thousands to support several years of year-over-year growth, according to a media statement published in late April. “Progressive Insurance Continued Growth Leads to More Than …

30 04, 2024

Missiles Fired by Yemen’s Houthi Rebels Damage Panama-Flagged Oil Tanker in Red Sea

By | April 30th, 2024|Uncategorized|Comments Off on Missiles Fired by Yemen’s Houthi Rebels Damage Panama-Flagged Oil Tanker in Red Sea

Ballistic missiles fired by Yemen’s Houthi rebels caused “minor damage” to a Panama-flagged oil tanker traveling through the Red Sea on Friday, authorities said. The attack follows an uptick in assaults launched by the Houthis in recent days after a …

30 04, 2024

London Firms Are Letting More Staff Work Entirely From Home

By | April 30th, 2024|Uncategorized|Comments Off on London Firms Are Letting More Staff Work Entirely From Home

London’s employers are letting more staff work entirely from home, according to a prominent recruitment firm, with workers keen to earn the premium paid by jobs in the capital without enduring its high living costs. The proportion of white-collar jobs …

30 04, 2024

UK’s Second Biggest Mortgage Lender Pulls Offers Over Flood Risk

By | April 30th, 2024|Uncategorized|Comments Off on UK’s Second Biggest Mortgage Lender Pulls Offers Over Flood Risk

The UK’s second biggest mortgage provider has stopped making loans on homes at risk of flooding, over fears they may become uninsurable — and therefore, unsellable — over the coming years. Nationwide Building Society uses mapping technology to identify which …

30 04, 2024

Family of Chicago Man Killed in Police Shooting Files Wrongful Death Lawsuit

By | April 30th, 2024|Uncategorized|Comments Off on Family of Chicago Man Killed in Police Shooting Files Wrongful Death Lawsuit

CHICAGO (AP) — The family of a Chicago man killed when plainclothes police officers fired their guns nearly 100 times during a traffic stop filed a wrongful death lawsuit last week, accusing the department of “brutally violent” policing tactics. The …

30 04, 2024

Recreational Marijuana Supporters Can Gather Signatures for North Dakota Ballot Initiative

By | April 30th, 2024|Uncategorized|Comments Off on Recreational Marijuana Supporters Can Gather Signatures for North Dakota Ballot Initiative

BISMARCK, N.D. (AP) — A North Dakota ballot initiative group can gather signatures to put a proposal legalizing recreational marijuana to a statewide vote in the fall, the state’s top election official said last Thursday, in the latest legalization effort …

30 04, 2024

Tornado in Southern China Kills 5 People, Damages Factories in City of Guangzhou

By | April 30th, 2024|Uncategorized|Comments Off on Tornado in Southern China Kills 5 People, Damages Factories in City of Guangzhou

A tornado struck the southern Chinese city of Guangzhou on Saturday, killing five people and damaging more than 140 factory buildings, state media said. The China Meteorological Administration said the tornado struck about 3 p.m. in the Baiyun district of …