News Archives - Insurance Journal

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4 11, 2024

PepsiCo Beats New York State’s ‘Predatory’ Lawsuit Over Plastics Pollution

By | November 4th, 2024|Uncategorized|Comments Off on PepsiCo Beats New York State’s ‘Predatory’ Lawsuit Over Plastics Pollution

PepsiCo won the dismissal of New York’s lawsuit accusing the beverage and snack-food company of polluting the environment with single-use plastic packaging, as the judge criticized the state’s attorney general, Letitia James, for bringing the case. Justice Emilio Colaiacovo of …

4 11, 2024

Recreational Cannabis Home Delivery Begins in Arizona

By | November 4th, 2024|Uncategorized|Comments Off on Recreational Cannabis Home Delivery Begins in Arizona

Arizona residents were able to get recreational cannabis delivered to their homes beginning last Friday, marking a new milestone for a state program that until now had allowed the service only for medical marijuana patients. The Arizona Department of Health …

4 11, 2024

US shippers Avoid East Coast Ports on Risk of Second Strike

By | November 4th, 2024|Uncategorized|Comments Off on US shippers Avoid East Coast Ports on Risk of Second Strike

U.S. shippers are steering clear of East and Gulf Coast ports amid worries the 45,000 dockworkers at those trade hubs will go on strike again if their union leader does not land a new contract with employers by a Jan. …

4 11, 2024

Changes to Washington Homeowners and Auto Premium Rule to Be Considered

By | November 4th, 2024|Uncategorized|Comments Off on Changes to Washington Homeowners and Auto Premium Rule to Be Considered

Washington Insurance Commissioner Mike Kreidler has proposed modifying the state’s recently adopted premium change transparency rule. The proposal is specific to Phase 2 of the rule (the automatic inclusion of reasons for premium increases in policy renewals). It moves the …

4 11, 2024

60,000 Wawa-Branded Tumblers Recalled Because Their Metal Straws Can Cut Customers

By | November 4th, 2024|Uncategorized|Comments Off on 60,000 Wawa-Branded Tumblers Recalled Because Their Metal Straws Can Cut Customers

Some 60,000 Wawa-branded beverage tumblers are under recall due to a laceration hazard posed by the products’ metal straw. According to a Thursday notice published by the U.S. Consumer Product Safety Commission, the metal straw inside the now-recalled tumblers can …

4 11, 2024

Despite Recent Backlash, Nearly 60% of U.S. Workers Support Current DEI Policies

By | November 4th, 2024|Uncategorized|Comments Off on Despite Recent Backlash, Nearly 60% of U.S. Workers Support Current DEI Policies

While recent events have put corporate America’s diversity efforts on defense, the programs continue to receive strong support from employees, according to new research from The Conference Board. The survey gauges employees’ and executives’ perceptions of DEI initiatives and backlash. …

4 11, 2024

SEC Says JPMorgan Chase Settles Five Enforcement Cases, to Pay $151M

By | November 4th, 2024|Uncategorized|Comments Off on SEC Says JPMorgan Chase Settles Five Enforcement Cases, to Pay $151M

JPMorgan Chase will pay $151 million to settle five U.S. Securities and Exchange Commission enforcement cases, including accusations that the largest U.S. bank made misleading disclosures to brokerage customers, the regulator said on Thursday. The settlements include $61 million of …

1 11, 2024

Retrial Begins in Civil Suit Against Contractor Accused in Abu Ghraib Prison Scandal

By | November 1st, 2024|Uncategorized|Comments Off on Retrial Begins in Civil Suit Against Contractor Accused in Abu Ghraib Prison Scandal

A military contractor accused of contributing to the abuse of detainees at Iraq’s Abu Ghraib prison two decades ago is again on trial in a federal courtroom after a long-awaited civil case earlier this year ended with a hung jury. …

1 11, 2024

Allstate Says It’s Ready to Grow Homeowners Line With All 3 Distribution Channels

By | November 1st, 2024|Uncategorized|Comments Off on Allstate Says It’s Ready to Grow Homeowners Line With All 3 Distribution Channels

Allstate said it sees opportunity where others may not — in homeowners insurance. And the insurer plans to use all three distribution channels to do it. Due to rising trends in the frequency and severity of weather-related losses and in …

1 11, 2024

Regional Banks With Florida Operations Brace for Loan Defaults After Hurricanes

By | November 1st, 2024|Uncategorized|Comments Off on Regional Banks With Florida Operations Brace for Loan Defaults After Hurricanes

Several regional lenders allocated loan-loss provisions in the third quarter to cover potential defaults by borrowers grappling with recent hurricanes, primarily in Florida, highlighting the risks extreme weather and climate change pose to banks. Two devastating hurricanes struck the Sunshine …