News Archives - Insurance Journal

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9 05, 2024

Safety Lapses Contributed to Patient Assaults at Oregon State Hospital: Federal Report

By | May 9th, 2024|Uncategorized|Comments Off on Safety Lapses Contributed to Patient Assaults at Oregon State Hospital: Federal Report

Safety lapses at the Oregon State Hospital contributed to recent patient-on-patient assaults, a federal report on the state’s most secure inpatient psychiatric facility has found. The investigation by the Centers for Medicare and Medicaid Services found that staff didn’t always …

9 05, 2024

The World’s Biggest Carbon Removal Plant Comes Online in Iceland

By | May 9th, 2024|Uncategorized|Comments Off on The World’s Biggest Carbon Removal Plant Comes Online in Iceland

Amid the steam rising around Iceland’s Hellisheioi station sits a newly built warehouse surrounded by giant fans run by carbon removal startup Climeworks. Dubbed Mammoth, the project is now the world’s biggest plant to suck carbon dioxide from the air. …

9 05, 2024

Brazilian Floods Are Inflicting Billions in Economic Devastation

By | May 9th, 2024|Uncategorized|Comments Off on Brazilian Floods Are Inflicting Billions in Economic Devastation

The floods and severe rainfall that ravaged Southern Brazil are hurting the nation’s powerhouse agricultural sector, with industries from auto manufacturing to banking and insurance also bracing for disruption. Heavy rains in Rio Grande do Sul, Brazil’s southernmost state, left …

9 05, 2024

Range Rover Buyers Offered Insurance Cash After String of Thefts

By | May 9th, 2024|Uncategorized|Comments Off on Range Rover Buyers Offered Insurance Cash After String of Thefts

Jaguar Land Rover Automotive Plc is offering to pay part of customers’ insurance costs for new Range Rovers after a string of thefts caused premiums to soar and left some unable to get cover. The British carmaker will provide £150 …

9 05, 2024

Jury Awards $9M to Player Who Sued US Tennis Association Over Sexual Abuse by Coach

By | May 9th, 2024|Uncategorized|Comments Off on Jury Awards $9M to Player Who Sued US Tennis Association Over Sexual Abuse by Coach

A tennis player was awarded $9 million in damages by a jury in federal court in Florida after accusing the U.S. Tennis Association of failing to protect her from a coach she said sexually abused her at one of its …

9 05, 2024

EU Commission Eyeing Exemptions for ‘Forever Chemicals’ Ban, Letter Shows

By | May 9th, 2024|Uncategorized|Comments Off on EU Commission Eyeing Exemptions for ‘Forever Chemicals’ Ban, Letter Shows

The European Commission is planning to allow exemptions from a proposed ban on substances known as PFAS, or “forever chemicals,” to protect key industries, a letter seen by Reuters on Wednesday showed. In the letter to some EU lawmakers in …

9 05, 2024

US Financial Regulators Restart Work on Long-Delayed Dodd-Frank Compensation Rules

By | May 9th, 2024|Uncategorized|Comments Off on US Financial Regulators Restart Work on Long-Delayed Dodd-Frank Compensation Rules

A trio of U.S. financial regulators have resumed work on a long-delayed rule-writing project to make executive compensation plans at financial firms more sensitive to risk. The Federal Deposit Insurance Corporation, Office of the Comptroller of the Currency and Federal …

9 05, 2024

Reserve Strengthening for Casualty Lines Not Over: Moody’s

By | May 9th, 2024|Uncategorized|Comments Off on Reserve Strengthening for Casualty Lines Not Over: Moody’s

If personal auto insurance loss reserves are developing adversely, can commercial general liability be far behind? That’s the gist of one of the questions that analysts from Moody’s Investors Service asked—and answered—in a new report on the U.S. property/casualty insurance …

9 05, 2024

Oklahoma Judge Blocks State’s Anti-ESG Law

By | May 9th, 2024|Uncategorized|Comments Off on Oklahoma Judge Blocks State’s Anti-ESG Law

A judge in Oklahoma blocked a state law that prohibits state pension systems from investing with companies that limit investment in the oil and gas industry. Oklahoma County District Court Judge Sheila Stinson on Tuesday issued a temporary injunction blocking …

9 05, 2024

Texas Energy Company to Pay $260K to Settle Racial Harassment Lawsuit

By | May 9th, 2024|Uncategorized|Comments Off on Texas Energy Company to Pay $260K to Settle Racial Harassment Lawsuit

A Texas energy company will pay a $265,000 fine to settle charges that it subjected Black and Hispanic field mechanics to harassment. The U.S. Equal Employment Opportunity Commission (EEOC) announced last week that Liberty Energy, Inc. doing business as Liberty …