News Archives - Insurance Journal

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28 08, 2023

Severe Storms and Tornado Cause Damage and Power Outages in Michigan, Leaving 5 Dead

By | August 28th, 2023|Uncategorized|Comments Off on Severe Storms and Tornado Cause Damage and Power Outages in Michigan, Leaving 5 Dead

CANTON TOWNSHIP, Mich. (AP) – At least one tornado touched down in Michigan as part of severe storms powered by winds of up to 75 mph (121 kph) that downed trees, tore roofs off buildings and killed five people while …

28 08, 2023

People Moves: Sompo Int’l Taps Zurich’s Weiss as Head of Property & Energy, Continental Europe; Inigo Hires Aviation Specialist Harker From Marsh

By | August 28th, 2023|Uncategorized|Comments Off on People Moves: Sompo Int’l Taps Zurich’s Weiss as Head of Property & Energy, Continental Europe; Inigo Hires Aviation Specialist Harker From Marsh

This edition of International People Moves details appointments at Sompo International and Inigo Limited. A summary of these new hires follows here. Sompo Int’l Taps Zurich’s Weiss as Head of Property & Energy, Continental Europe Sompo International, the Bermuda-based provider …

28 08, 2023

Kansas City Fire Department Faces US Department of Justice Investigation for Alleged Racial Discrimination

By | August 28th, 2023|Uncategorized|Comments Off on Kansas City Fire Department Faces US Department of Justice Investigation for Alleged Racial Discrimination

KANSAS CITY, Mo. (AP) – The Kansas City, Missouri, Fire Department is under a U. S. Department of Justice investigation for alleged racial discrimination, a Kansas City spokesperson confirmed to The Kansas City Star Thursday. Associated Press phone calls requesting …

28 08, 2023

TEPCO Says Seawater Radioactivity Below Detectable Limits After Fukushima Release

By | August 28th, 2023|Uncategorized|Comments Off on TEPCO Says Seawater Radioactivity Below Detectable Limits After Fukushima Release

Initial tests showed seawater radioactivity to be below detectable levels after the release of treated radioactive water from Japan’s Fukushima plant, its operator, Tokyo Electric Power Co (TEPCO), said on Friday. The seawater samples contained less than 10 becquerels of …

28 08, 2023

KCC Estimates Storm Hilary Caused Nearly $600M in Insured Losses

By | August 28th, 2023|Uncategorized|Comments Off on KCC Estimates Storm Hilary Caused Nearly $600M in Insured Losses

Catastrophe modeler Karen Clark & Co. said privately insured losses in the U.S. from Hurricane Hilary will be near $600 million. Once a Category 4 storm, Hurricane Hilary weakened to a tropical storm before it made landfall near Baja California …

29 08, 2023

NCCI Calls for Average 15% Decrease in Florida Workers’ Compensation Rates

By | August 29th, 2023|Uncategorized|Comments Off on NCCI Calls for Average 15% Decrease in Florida Workers’ Compensation Rates

The National Council on Compensation Insurance has proposed an average 15.1% decrease in rates for Florida, starting Jan. 1, the latest and one of the largest reduction recommendations in more than a decade of rate filings. The filing, which will …

29 08, 2023

Drugmaker Mallinckrodt Files for Second Bankruptcy in the US

By | August 29th, 2023|Uncategorized|Comments Off on Drugmaker Mallinckrodt Files for Second Bankruptcy in the US

Drugmaker Mallinckrodt on Monday filed for its second bankruptcy in three years in the United States, with a restructuring plan that would cut $1 billion from what it owes to victims of the opioid crisis. The Ireland-based company initiated Chapter …

29 08, 2023

Toyota’s Japan Production at Standstill as System Failure Hits All 14 Assembly Plants

By | August 29th, 2023|Uncategorized|Comments Off on Toyota’s Japan Production at Standstill as System Failure Hits All 14 Assembly Plants

Toyota Motor Corp. on Tuesday said it has suspended operations at all 14 of its assembly plants in Japan due to a production system malfunction, bringing domestic output to a standstill at the world’s biggest-selling automaker. The glitch is preventing …

29 08, 2023

Hundreds of P&O Cruise Passengers Flown Home After Tanker Crash

By | August 29th, 2023|Uncategorized|Comments Off on Hundreds of P&O Cruise Passengers Flown Home After Tanker Crash

Hundreds of passengers on a P&O cruise ship that crashed into an oil tanker during a storm in Spain have been flown home. The flagship Britannia departed the Mediterranean island of Palma de Mallorca on Monday and will return to …

29 08, 2023

Federal Judge Set to Decertify Google Play Class Action

By | August 29th, 2023|Uncategorized|Comments Off on Federal Judge Set to Decertify Google Play Class Action

A U.S. judge plans to free Google from having to defend against a class action by 21 million consumers who claimed it violated federal antitrust law by overcharging them in its Google Play app store. Monday’s decision by U.S. District …