News Archives - Insurance Journal

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13 06, 2024

Survey: US Business Owners Seek More Insurance Coverage as AI, Election Risks Loom

By | June 13th, 2024|Uncategorized|Comments Off on Survey: US Business Owners Seek More Insurance Coverage as AI, Election Risks Loom

Artificial intelligence and U.S. election have emerged as significant risks to businesses this year with an overwhelming 80% of owners worried their insurance will not cover a specific loss, a survey by insurance brokerage Gallagher showed on Wednesday. Companies are …

13 06, 2024

SpaceX Sued by Engineers Fired After Accusing Elon Musk of Sexism

By | June 13th, 2024|Uncategorized|Comments Off on SpaceX Sued by Engineers Fired After Accusing Elon Musk of Sexism

Rocket maker SpaceX and its CEO Elon Musk were sued on Wednesday by eight engineers who say they were illegally fired for raising concerns about alleged sexual harassment and discrimination against women. The engineers—four women and four men—claim Musk ordered …

13 06, 2024

US E&S Growth Slower in 2023; Berkshire, AIG Top Premium Rankings

By | June 13th, 2024|Uncategorized|Comments Off on US E&S Growth Slower in 2023; Berkshire, AIG Top Premium Rankings

An analysis by S&P Global Market Intelligence reveals that the pace of growth in the U.S. excess and surplus lines market has slowed since a peak growth rate of 32.3% recorded in 2021. In 2023, growth remained robust—and up in …

13 06, 2024

Most US Drivers Support Anti-Speeding Technology in Vehicles: IIHS Survey

By | June 13th, 2024|Uncategorized|Comments Off on Most US Drivers Support Anti-Speeding Technology in Vehicles: IIHS Survey

More than 60% of the drivers in the United States would find it acceptable if their vehicle provided an audible and visual warning when they exceeded the posted speed limit, a survey by Insurance Institute for Highway Safety showed on …

13 06, 2024

Florida Jury Says Chiquita Brands Must Pay $38M for Colombia Deaths

By | June 13th, 2024|Uncategorized|Comments Off on Florida Jury Says Chiquita Brands Must Pay $38M for Colombia Deaths

Banana giant Chiquita Brands must pay $38.3 million to 16 family members of people killed during Colombia’s long civil war by a violent right-wing paramilitary group funded by the company, a federal jury in Florida decided. The verdict Monday by …

13 06, 2024

Overnight Fire Damaged or Destroyed 15 Boats at Nevada Marina

By | June 13th, 2024|Uncategorized|Comments Off on Overnight Fire Damaged or Destroyed 15 Boats at Nevada Marina

Authorities are trying to determine the cause of a fire that damaged or destroyed about 15 boats at a Lake Mead National Recreation Area marina in Nevada. National Park Service officials said the fire began around 12:30 a.m. on Sunday …

13 06, 2024

NC Bill to Make Manufacturers Pay for ‘Forever Chemicals’ Advances in House

By | June 13th, 2024|Uncategorized|Comments Off on NC Bill to Make Manufacturers Pay for ‘Forever Chemicals’ Advances in House

RALEIGH, N.C. (AP) — North Carolina’s top environmental regulator could order manufacturers of “forever chemicals” to help pay for water system cleanup upgrades whenever they are found responsible for discharges that contaminate drinking water beyond acceptable levels, under legislation advanced …

13 06, 2024

UK Puts First Sanctions on Russia’s Shadow-Fleet Oil Tankers

By | June 13th, 2024|Uncategorized|Comments Off on UK Puts First Sanctions on Russia’s Shadow-Fleet Oil Tankers

The UK announced wide-ranging sanctions on Russia, including a first attempt to clamp down on a shadow-fleet of tankers transporting the Kremlin’s oil and a key Moscow-based insurance company.The measures target four oil tankers out of a fleet of hundreds …

13 06, 2024

Thousands of Amazon Drivers File Arbitration Claims for Unpaid Wages, Other Losses

By | June 13th, 2024|Uncategorized|Comments Off on Thousands of Amazon Drivers File Arbitration Claims for Unpaid Wages, Other Losses

Thousands of delivery drivers filed legal claims against Amazon, alleging the company’s classification of them as independent contractors instead of employees has led to unpaid wages and other financial losses. Two law firms spearheading the action said about 15,860 Amazon …

13 06, 2024

People Moves: Hamilton Insurance DAC Promotes Reynolds as CEO; Dale Underwriting Partners Names Bridge as Active Underwriter, Succeeding Peters

By | June 13th, 2024|Uncategorized|Comments Off on People Moves: Hamilton Insurance DAC Promotes Reynolds as CEO; Dale Underwriting Partners Names Bridge as Active Underwriter, Succeeding Peters

This edition of International People Moves details appointments at Hamilton Insurance DAC, the Irish subsidiary of Hamilton Insurance Group, and Dale Underwriting Partners in London. A summary of these new hires follows here. Hamilton Insurance DAC Promotes Reynolds as CEO …