News Archives - Insurance Journal

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1 09, 2023

California Voting on Increasing Storage At Site of Massive Methane Leak Despite Risks

By | September 1st, 2023|Uncategorized|Comments Off on California Voting on Increasing Storage At Site of Massive Methane Leak Despite Risks

California officials are expected to vote on a proposal to increase storage capacity at the site of the nation’s largest known methane leak that sickened thousands of families and forced them from their Los Angeles homes in 2015. The proposal …

1 09, 2023

Petroleum Asphalt Remains in Yellowstone River in Montana After Train Derailment

By | September 1st, 2023|Uncategorized|Comments Off on Petroleum Asphalt Remains in Yellowstone River in Montana After Train Derailment

Two months after a railroad bridge collapse sent carloads of hazardous oil products plunging into Montana’s Yellowstone River, the cleanup workers are gone and a mess remains. Thick mats of tarry petroleum asphalt cover portions of sandbars. Oil-speckled rocks and …

1 09, 2023

Google Hit With Copyright Lawsuit by Danish Online Job-Search Rival

By | September 1st, 2023|Uncategorized|Comments Off on Google Hit With Copyright Lawsuit by Danish Online Job-Search Rival

Alphabet’s Google was hit with a lawsuit on Thursday by Danish online job-search rival Jobindex, a year after the latter complained to EU antitrust regulators that the U.S. tech giant unfairly favored its own job-search service. The Danish Media Association …

1 09, 2023

EU to Seek COP28 Deal on Phasing Out Fossil Fuels: Draft Document

By | September 1st, 2023|Uncategorized|Comments Off on EU to Seek COP28 Deal on Phasing Out Fossil Fuels: Draft Document

European Union countries are preparing to push for a global deal on phasing out fossil fuels at the United Nations COP28 climate summit which begins in November, a draft of the EU’s negotiating position showed. Diplomats from the bloc’s 27 …

1 09, 2023

Critics of Workplace Diversity Efforts Eye Civil War-Era Law

By | September 1st, 2023|Uncategorized|Comments Off on Critics of Workplace Diversity Efforts Eye Civil War-Era Law

Several suits filed on behalf of White workers following the US Supreme Court’s decision outlawing affirmative action in higher education are banking on a Civil War-era statute guaranteeing equal rights to Black Americans to challenge the legality of corporate diversity, …

1 09, 2023

People Moves: Greaves Joins Fred C. Church From MIT; Connecticut Big I Elects Jones

By | September 1st, 2023|Uncategorized|Comments Off on People Moves: Greaves Joins Fred C. Church From MIT; Connecticut Big I Elects Jones

Greaves Joins Fred C. Church Insurance Commercial Lines Fred C. Church Insurance, headquartered in Lowell, Mass., hired Damual Greaves to its education team as a client executive. Greaves joins Fred C. Church after serving in various risk management roles at …

1 09, 2023

Fake Spare Parts Were Supplied to Fix Top-Selling Jet Engine

By | September 1st, 2023|Uncategorized|Comments Off on Fake Spare Parts Were Supplied to Fix Top-Selling Jet Engine

European aviation regulators have determined that an obscure London-based company supplied bogus parts for repairs of jet engines that power many older-generation Airbus SE A320 and Boeing Co. 737 planes. Manufacturing partners General Electric Co. and Safran SA have been …

1 09, 2023

Symington Officially Takes Over as CEO of Big I

By | September 1st, 2023|Uncategorized|Comments Off on Symington Officially Takes Over as CEO of Big I

Charles Symington is the new president and chief executive of the Independent Insurance Agents & Brokers of America (the Big I), effective Sept. 1. Last September, Symington was promoted to executive vice president and selected to succeed Bob Rusbuldt, who …

1 09, 2023

AM Best: Idalia Will Put Pressure on Underwriting Results, Could Tighten Reinsurance

By | September 1st, 2023|Uncategorized|Comments Off on AM Best: Idalia Will Put Pressure on Underwriting Results, Could Tighten Reinsurance

Hurricane Idalia, with estimates of insured losses as low as $2 billion, will nonetheless affect underwriting results for a number of carriers, the AM Best financial rating firm said in a report released Friday. “Hurricane Idalia will most likely be …

1 09, 2023

USDA Introduces New Grapevine Insurance Program

By | September 1st, 2023|Uncategorized|Comments Off on USDA Introduces New Grapevine Insurance Program

The U.S. Department of Agriculture announced a new grapevine insurance program within its crop insurance solutions. The program will provide coverage for loss of grafted vines caused by natural perils such as freeze, fire, hail and flood. The program, which …