News Archives - Insurance Journal

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20 12, 2024

Group Calls New Jersey’s Toxic Waste Dump Settlement ‘Woefully Inadequate’

By | December 20th, 2024|Uncategorized|Comments Off on Group Calls New Jersey’s Toxic Waste Dump Settlement ‘Woefully Inadequate’

Years of toxic waste dumping in a Jersey Shore community where childhood cancer rates rose caused at least $1 billion in damage to natural resources, according to an environmental group trying to overturn a settlement between New Jersey and the …

17 01, 2025

Damaging Megadroughts Are Spreading Around the World

By | January 17th, 2025|Uncategorized|Comments Off on Damaging Megadroughts Are Spreading Around the World

Severe drought conditions have helped fuel the Los Angeles wildfires. But a new study, released Thursday in the journal Nature comes with a warning: Climate change is making catastrophic, multiyear “megadroughts” much worse around the world. Droughts are relative — …

20 12, 2024

Self-Proclaimed Bitcoin Inventor Found in Contempt of Court After Lawsuit Loss

By | December 20th, 2024|Uncategorized|Comments Off on Self-Proclaimed Bitcoin Inventor Found in Contempt of Court After Lawsuit Loss

A computer scientist who falsely claims to be the inventor of Bitcoin was handed a suspended prison termafter being found in contemptof court by a London judge after a stinging lawsuit loss. The Cryptocurrency Open Patent Alliance, a nonprofit cryptocurrency …

17 01, 2025

Seibels Bruce, One of the South’s Oldest Insurance Companies, Closes its Doors

By | January 17th, 2025|Uncategorized|Comments Off on Seibels Bruce, One of the South’s Oldest Insurance Companies, Closes its Doors

Two decades after its subsidiaries were deemed insolvent and 155 years after it was founded, one of the oldest insurance companies in the South has officially gone out of business. Seibels Bruce & Company’s 128,000-square-foot office building in Columbia, South …

20 12, 2024

Palm Beach Revolt Forces Sylvester Stallone to Abandon Mansion Sea Barrier

By | December 20th, 2024|Uncategorized|Comments Off on Palm Beach Revolt Forces Sylvester Stallone to Abandon Mansion Sea Barrier

In his movies, Sylvester Stallone has taken on drug cartels, Soviet troops and boxer Apollo Creed. But in real life, he had to beat a retreat against the Palm Beach Town Council. The movie star appeared Thursday before the council …

20 12, 2024

Ships Canceled, Smelter Hit As Mozambique Braces for More Post-Election Disruption

By | December 20th, 2024|Uncategorized|Comments Off on Ships Canceled, Smelter Hit As Mozambique Braces for More Post-Election Disruption

Post-election protests rocking Mozambique since late October have interrupted trade and hampered a major aluminum smelter, with the southeast African nation braced for more disruption next week. The Constitutional Council is set to validate the disputed vote by Dec. 23 …

17 01, 2025

People Moves: Arch Insurance Int’l Promotes Senior Leaders in Casualty Team; Markel Taps Chubb’s Jordan as Casualty Claims Manager in Australia

By | January 17th, 2025|Uncategorized|Comments Off on People Moves: Arch Insurance Int’l Promotes Senior Leaders in Casualty Team; Markel Taps Chubb’s Jordan as Casualty Claims Manager in Australia

This edition of International People Moves details appointments at Arch Insurance International and Markel. A summary of these new hires follows here. Arch Insurance Int’l Promotes Senior Leaders in Casualty Team Arch Insurance International announced three senior promotions within its …

20 12, 2024

Cleveland Clinic Plans New Hospital, Larger Outpatient Center in South Florida

By | December 20th, 2024|Uncategorized|Comments Off on Cleveland Clinic Plans New Hospital, Larger Outpatient Center in South Florida

The Cleveland Clinic, a health care system with hospitals and clinics around the world, said it plans to build a 150-bed hospital in the Palm Beach area and will quadruple the size of an outpatient clinic there. Cleveland has operated …

17 01, 2025

Trump’s Miami Resort Wins Approval for $3 Billion Condo Project

By | January 17th, 2025|Uncategorized|Comments Off on Trump’s Miami Resort Wins Approval for $3 Billion Condo Project

Donald Trump will leave Mar-a-Lago and head to Washington next week to be sworn in as president. On his way out of South Florida, his family business scored a long-sought local victory. In a 4-0 vote on Wednesday, the Doral …

20 12, 2024

Safeco to Stop Writing New Condo and Renter Policies in California

By | December 20th, 2024|Uncategorized|Comments Off on Safeco to Stop Writing New Condo and Renter Policies in California

It appears another insurance carrier is turning sour on wildfire-prone California. Safeco, a Liberty subsidiary, is preparing to stop writing new condo and rental policies in California at the beginning of next year. Liberty stopped writing new condo or rental …