News Archives - Insurance Journal

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15 05, 2024

Wildfire Prompts Partial Evacuation of Canada’s Oil-Sands Capital

By | May 15th, 2024|Uncategorized|Comments Off on Wildfire Prompts Partial Evacuation of Canada’s Oil-Sands Capital

Portions of Fort McMurray, Alberta, are being evacuated as a wildfire approaches the city, the unofficial capital of Canada’s oil sands industry that almost burned to the ground during a historic blaze eight years ago. The 11,000-hectare (27,000 acre) blaze …

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

Michigan Study Shows Potential for Real-Time Traffic Light Adjustments

By | May 14th, 2024|Uncategorized|Comments Off on Michigan Study Shows Potential for Real-Time Traffic Light Adjustments

As cars and trucks get smarter and more connected, the humble lights that have controlled the flow of traffic for more than a century could also be on the cusp of a major transformation. Researchers are exploring ways to use …

15 05, 2024

Baltimore Bridge Collapse Occurred After Ship Lost Power Multiple Times

By | May 15th, 2024|Uncategorized|Comments Off on Baltimore Bridge Collapse Occurred After Ship Lost Power Multiple Times

The container ship that rammed into Baltimore’s Francis Scott Key Bridge in March lost power multiple times on both the day of the fatal accident and the day before, according to a preliminary report. The Dali, which sails under the …

10 05, 2024

People Moves: Aon Names Allen as Executive Managing Director of Capital Advisory; BMS Re Hires 6 for MGA Business ProLink Solutions

By | May 10th, 2024|Uncategorized|Comments Off on People Moves: Aon Names Allen as Executive Managing Director of Capital Advisory; BMS Re Hires 6 for MGA Business ProLink Solutions

This edition of International People Moves details appointments at Aon’s Capital Advisory function and BMS Re. A summary of these new hires follows here. Aon Names Allen as Executive Managing Director of Capital Advisory Insurance broker Aon plc announced that …

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 …

15 05, 2024

Markets/Coverages: Coalition Enters Excess Cyber Insurance Market in Australia

By | May 15th, 2024|Uncategorized|Comments Off on Markets/Coverages: Coalition Enters Excess Cyber Insurance Market in Australia

Coalition, the San Francisco-based cyber managing general agent and cyber-security firm, announced it entered the excess cyber insurance market in Australia, enabling businesses to add a layer of risk management to their cyber towers. Australian brokers can now sell coverage …

15 05, 2024

EU Finalizes Investment Fund Labels to Combat Greenwashing

By | May 15th, 2024|Uncategorized|Comments Off on EU Finalizes Investment Fund Labels to Combat Greenwashing

The European Union’s securities watchdog confirmed on Tuesday final guidelines on when investment funds can label themselves as being “sustainable” without being accused of greenwashing. Trillions of dollars globally have flowed into investments that promote their green attractions, but regulators …

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 …