News Archives - Insurance Journal

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8 09, 2023

Maui Wildfires Portend Unprecedented Shift in What It Means to Mitigate Risk

By | September 8th, 2023|Uncategorized|Comments Off on Maui Wildfires Portend Unprecedented Shift in What It Means to Mitigate Risk

The Maui wildfires portend a grand and incalculable reality for every single one of us living on this spinning blue globe we call Earth. Understanding the risks associated with where we live, work and play may be reaching a tipping …

20 09, 2023

US Federal Agencies Aim to Streamline ‘Hodgepodge’ of Cyber Reporting Rules

By | September 20th, 2023|Uncategorized|Comments Off on US Federal Agencies Aim to Streamline ‘Hodgepodge’ of Cyber Reporting Rules

The Department of Homeland Security wants Congress and other federal agencies to help it streamline 52 different cyber reporting requirements to protect critical infrastructure and ease regulatory burdens on hacking victims. On Tuesday, it released a 107-page report that it …

20 09, 2023

Google Launches Last-Ditch Effort to Overturn $2.6B EU Antitrust Fine

By | September 20th, 2023|Uncategorized|Comments Off on Google Launches Last-Ditch Effort to Overturn $2.6B EU Antitrust Fine

Alphabet’s Google on Tuesday made a last-ditch effort at Europe’s top court to overturn a 2.42 billion euro ($2.6 billion) EU antitrust fine imposed for market abuse related to its shopping service, saying that regulators failed to show that its …

8 09, 2023

Walgreens to Pay $44 Million to Settle Theranos Fraud Claims

By | September 8th, 2023|Uncategorized|Comments Off on Walgreens to Pay $44 Million to Settle Theranos Fraud Claims

Walgreens Boots Alliance Inc. has agreed to pay $44 million to settle class action claims by consumers who received flawed blood tests in Arizona and California through the pharmacy chain’s partnership with Theranos Inc. The proposed settlement, which needs court …

20 09, 2023

United Airlines Is Latest to Discover Bogus Parts in Plane Engines

By | September 20th, 2023|Uncategorized|Comments Off on United Airlines Is Latest to Discover Bogus Parts in Plane Engines

United Airlines Holdings Inc. discovered dubious parts in two aircraft engines, adding to the list of carriers worldwide that have found bogus components from supplier AOG Technics Ltd. The parts were discovered in a single engine on each of two …

8 09, 2023

People Moves: Fato to Assume Newly Created Vice Chair Role at AIG; Johnson Joins Insurance Quantified as Strategic Advisor

By | September 8th, 2023|Uncategorized|Comments Off on People Moves: Fato to Assume Newly Created Vice Chair Role at AIG; Johnson Joins Insurance Quantified as Strategic Advisor

Fato to Assume Newly Created Vice Chair Role at AIG Lucy Fato, executive vice president, general counsel and global head of communications and government affairs at American International Group (AIG), will transition to the newly created role of vice chair …

20 09, 2023

Virgin Australia Finds Second Bogus Jet Part With Fake Certificate

By | September 20th, 2023|Uncategorized|Comments Off on Virgin Australia Finds Second Bogus Jet Part With Fake Certificate

Virgin Australia Airlines Pty found a second suspected unapproved plane part from obscure UK supplier AOG Technics Ltd., as the industry continues to hunt down bogus components that have spread across the global fleet. The Australian airline discovered a seal …

8 09, 2023

Hong Kong Sees Heaviest Rainfall on Record; Insurance Claims Could Exceed $100M

By | September 8th, 2023|Uncategorized|Comments Off on Hong Kong Sees Heaviest Rainfall on Record; Insurance Claims Could Exceed $100M

Hong Kong’s heaviest rainstorm since records began in 1884 flooded the financial hub’s streets and sent torrents of water rushing through subway stations, bringing much of the city to a standstill and forcing the stock market to scrap trading on …

20 09, 2023

‘Talking Shops’ and Too Little Action Hamper City of London Reboot

By | September 20th, 2023|Uncategorized|Comments Off on ‘Talking Shops’ and Too Little Action Hamper City of London Reboot

When London’s Lord Mayor called recently for the creation of a new council to lead reform of Britain’s flagging financial services sector, a deep sense of déjà vu eclipsed the City. For many, the proposal served as a reminder of …

8 09, 2023

Lloyd’s in Talks With UN Over New Black Sea Grain Insurance Cover: CEO Neal

By | September 8th, 2023|Uncategorized|Comments Off on Lloyd’s in Talks With UN Over New Black Sea Grain Insurance Cover: CEO Neal

Lloyd’s of London is in talks with the United Nations over providing insurance cover for Ukrainian grain shipments if a new Black Sea corridor deal can be reached, its CEO John Neal told Reuters on Thursday. NATO member Turkey is …