News Archives - Insurance Journal

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29 08, 2023

2023 to Test Recent Growth in Private Flood Insurance Market

By | August 29th, 2023|Uncategorized|Comments Off on 2023 to Test Recent Growth in Private Flood Insurance Market

The private flood insurance market has been growing but 2023 may provide a real test following Tropical Storm Hilary in California as well as future storms that may come during the remainder of the Atlantic hurricane season. According to AM …

29 08, 2023

Student Pilot, Instructor Killed in Maine Plane Crash Identified

By | August 29th, 2023|Uncategorized|Comments Off on Student Pilot, Instructor Killed in Maine Plane Crash Identified

Authorities identified the two people killed in a Maine plane crash as a flight instructor and student. The Beechcraft cargo plane crashed in a field in the town of Litchfield last Tuesday. Federal authorities are investigating the cause of the …

29 08, 2023

Hawaiian Electric Calls Maui County’s Wildfire Lawsuit ‘Irresponsible’

By | August 29th, 2023|Uncategorized|Comments Off on Hawaiian Electric Calls Maui County’s Wildfire Lawsuit ‘Irresponsible’

Hawaiian Electric HE.N said on the lawsuit filed against it by the county of Maui was “factually and legally irresponsible,” pointing to the county’s responsibility in the Hawaii wildfires. The company’s shares jumped 30.2% to $12.58 in premarket trading. The …

29 08, 2023

Jury in California Awards $3.75M to Protester Hit by Hard-Foam Projectiles

By | August 29th, 2023|Uncategorized|Comments Off on Jury in California Awards $3.75M to Protester Hit by Hard-Foam Projectiles

A jury awarded $3.75 million in damages this week to a protester shot twice with hard-foam projectiles fired by Los Angeles police during demonstrations in 2020. Jurors ruled that the LA Police Department was negligent when one or more of …

25 08, 2023

Two British Teens and Their Audacious Hack of Nvidia, Grand Theft Auto and Uber

By | August 25th, 2023|Uncategorized|Comments Off on Two British Teens and Their Audacious Hack of Nvidia, Grand Theft Auto and Uber

At 9 p.m. on Sept. 22 last year, a group of City of London police officers waited outside room M15 at the Travelodge Bicester, a one-star budget hotel in Oxfordshire, England, for the right moment to bust in. On the …

25 08, 2023

Why Is Japan Releasing Treated Radioactive Water and Is it Safe?

By | August 25th, 2023|Uncategorized|Comments Off on Why Is Japan Releasing Treated Radioactive Water and Is it Safe?

Japan began pumping more than a million metric tons of treated radioactive water from the destroyed Fukushima Daiichi nuclear power plant on Thursday, a process that will take decades to complete. The water was distilled after being contaminated from contact …

25 08, 2023

Tesla Investors to Get About $12,000 Apiece in Musk’s SEC Deal

By | August 25th, 2023|Uncategorized|Comments Off on Tesla Investors to Get About $12,000 Apiece in Musk’s SEC Deal

A group of Tesla Inc. investors stands to recover an average of about $12,000 a head for losses they incurred from Elon Musk’s famous 2018 tweet that he had “funding secured” to take the carmaker private at $420 a share …

25 08, 2023

Business Lobby Struggles to Thwart SEC Cybersecurity Disclosure Rules

By | August 25th, 2023|Uncategorized|Comments Off on Business Lobby Struggles to Thwart SEC Cybersecurity Disclosure Rules

Business lobbyists are struggling to soften new US Securities and Exchange Commission rules that require publicly traded companies to quickly disclose cybersecurity breaches. The Justice Department is planning to issue guidance by December on how firms can get exemptions fromthe …

25 08, 2023

Insurers to Pay $50M in Settlement Over Abuse at West Virginia Boarding School

By | August 25th, 2023|Uncategorized|Comments Off on Insurers to Pay $50M in Settlement Over Abuse at West Virginia Boarding School

CHARLESTON, W.Va. (AP) — A second lawsuit that alleged widespread sexual, physical and mental abuse at a now-closed West Virginia boarding school for troubled youths has been settled for about $50 million, to be paid by insurance carriers. Attorneys for …

25 08, 2023

‘Singin’ in the Rain’ Show Went On Despite Flooded Theater

By | August 25th, 2023|Uncategorized|Comments Off on ‘Singin’ in the Rain’ Show Went On Despite Flooded Theater

Members of a beloved Vermont acting company were sleeping in theater housing when torrential rains and flooding forced them to flee, with water inundating the playhouse’s vast basement of dressing rooms, costumes and props and reaching into the first floor. …