News Archives - Insurance Journal

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31 07, 2023

Winds Challenge Firefighters Battling Two California Blazes

By | July 31st, 2023|Uncategorized|Comments Off on Winds Challenge Firefighters Battling Two California Blazes

A massive wildfire burning out of control in California’s Mojave National Preserve was spreading rapidly amid erratic winds, while firefighters reported progress against another major blaze to the southwest that prompted evacuations. The York Fire that erupted Friday near the …

31 07, 2023

EU Companies Get New ESG Rules Aimed at Addressing Climate Risks

By | July 31st, 2023|Uncategorized|Comments Off on EU Companies Get New ESG Rules Aimed at Addressing Climate Risks

Tens of thousands of companies operating in Europe face new requirements to report their operations’ ESG impacts as the European Union advances a plan to address climate change and environmental degradation through increased transparency and market pressures. The European Commission …

28 07, 2023

Barclays Banker Fired Over Sexual Harassment Loses $770,000 Employment Suit

By | July 28th, 2023|Uncategorized|Comments Off on Barclays Banker Fired Over Sexual Harassment Loses $770,000 Employment Suit

A former Barclays director who was fired for sexual harassment has lost an employment lawsuit against the British bank in which he sought nearly 600,000 pounds ($770,000) in compensation, a London tribunal announced on Thursday. Robert Record, once a senior …

28 07, 2023

Ship Carrying BMWs and Mercedes Ablaze Off Dutch Coast Could Burn for Days

By | July 28th, 2023|Uncategorized|Comments Off on Ship Carrying BMWs and Mercedes Ablaze Off Dutch Coast Could Burn for Days

A cargo ship carrying almost 3,800 cars and construction vehicles is likely to continue burning for days, according to the Dutch coast guard, which is leading efforts to contain the blaze. BMW AG and Mercedes-Benz Group AG each have several …

28 07, 2023

NAIC Releases Highly-Anticipated Draft Model Bulletin on Insurers’ AI Use

By | July 28th, 2023|Uncategorized|Comments Off on NAIC Releases Highly-Anticipated Draft Model Bulletin on Insurers’ AI Use

On July 17, 2023, the Innovation, Cybersecurity and Technology (H) Committee of the National Association of Insurance Commissioners (NAIC) released for comment a highly anticipated model bulletin (Model Bulletin) on regulatory expectations for the use of artificial intelligence systems (AI …

28 07, 2023

Typhoon Doksuri Destroys Power Lines, Closes Factories as It Rips Into China

By | July 28th, 2023|Uncategorized|Comments Off on Typhoon Doksuri Destroys Power Lines, Closes Factories as It Rips Into China

Typhoon Doksuri swept into China’s southeastern Fujian province on Friday, unleashing heavy rain and violent gusts of wind that whipped power lines sparking fires, uprooted trees and forced factories and shopping malls to shut. The second strongest typhoon to land …

28 07, 2023

As E-Bikes Proliferate, So Do Deadly Fires Blamed on Exploding Batteries

By | July 28th, 2023|Uncategorized|Comments Off on As E-Bikes Proliferate, So Do Deadly Fires Blamed on Exploding Batteries

The explosion early on a June morning ignited a blaze that engulfed a New York City shop filled with motorized bicycles and their volatile lithium-ion batteries. Billowing smoke quickly killed four people asleep in apartments above the burning store. As …

28 07, 2023

Kraft Heinz Defeats Lawsuit Over Mac & Cheese Preparation Time

By | July 28th, 2023|Uncategorized|Comments Off on Kraft Heinz Defeats Lawsuit Over Mac & Cheese Preparation Time

A federal judge on Thursday dismissed a lawsuit accusing Kraft Heinz & Co of misleading consumers by promising it takes only 3-1/2 minutes to prepare a cup of microwavable Velveeta macaroni and cheese. U.S. District Judge Beth Bloom in Miami …

28 07, 2023

Teen`s Death in Poultry Plant Shows Child Labor Remains a Problem, Feds Say

By | July 28th, 2023|Uncategorized|Comments Off on Teen`s Death in Poultry Plant Shows Child Labor Remains a Problem, Feds Say

The death of a 16-year-old in a Mississippi poultry plant earlier this month offered another reminder that children remain vulnerable to exploitation in the workplace in the United States, senior Labor Department officials said Wednesday. Duvan Perez became the third …

28 07, 2023

Clear Group Acquires UK Specialist MGA, Profile Risk Solutions

By | July 28th, 2023|Uncategorized|Comments Off on Clear Group Acquires UK Specialist MGA, Profile Risk Solutions

The Clear Group, the London-based independent broker, announced the acquisition of a specialist commercial lines managing general agent, Profile Risk Solutions Ltd. This represents the Clear Group’s third MGA deal and is a continuation of its strategy to build a …