News Archives - Insurance Journal

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28 02, 2023

Latino Workers at Tennessee Meat Plant Reach $1.2M Settlement in Immigration Raid

By | February 28th, 2023|Uncategorized|Comments Off on Latino Workers at Tennessee Meat Plant Reach $1.2M Settlement in Immigration Raid

Latino workers at a Tennessee meat processing plant have reached a $1.2 million settlement in a lawsuit over a 2018 immigration raid in which they were “targeted by federal agents” because of their ethnicity, an immigration advocacy group said on …

28 02, 2023

NTSB Says Medical Plane Apparently Broke Apart Before Deadly Crash in Nevada

By | February 28th, 2023|Uncategorized|Comments Off on NTSB Says Medical Plane Apparently Broke Apart Before Deadly Crash in Nevada

A medical transport flight that crashed in a mountainous area in northern Nevada, killing five all five people aboard the plane including a patient, apparently broke apart before hitting the ground, authorities said. The National Transportation Safety Board has sent …

28 02, 2023

Does a Shipper Have Duty to Obtain Sufficient Insurance for Goods?

By | February 28th, 2023|Uncategorized|Comments Off on Does a Shipper Have Duty to Obtain Sufficient Insurance for Goods?

In a dispute over artwork lost in transit, a New York federal judge has ruled that FedEx Ground was liable to the artist for the lost works but that federal law caps its damages at the value placed on the …

28 02, 2023

Visa, Mastercard Pause Crypto Push in Wake of Industry Meltdown

By | February 28th, 2023|Uncategorized|Comments Off on Visa, Mastercard Pause Crypto Push in Wake of Industry Meltdown

U.S. payment giants Visa and Mastercard are slamming the brakes on plans to forge new partnerships with crypto firms after a string of high-profile collapses shook faith in the industry, people familiar with the matter told Reuters. The crypto industry …

28 02, 2023

Georgia Bill Would End Direct Action Suits Against Insurers in Truck Accidents

By | February 28th, 2023|Uncategorized|Comments Off on Georgia Bill Would End Direct Action Suits Against Insurers in Truck Accidents

Truck insurers would be able to avoid being named as defendants in lawsuits filed after trucking accidents under a bill moving through the Georgia General Assembly. Senate Bill 191, reported favorably last week by the Senate Transportation Committee, would repeal …

28 02, 2023

Storm Across Texas and Oklahoma Likely Qualified as a Derecho

By | February 28th, 2023|Uncategorized|Comments Off on Storm Across Texas and Oklahoma Likely Qualified as a Derecho

A long line of quick-moving thunderstorms that produced a swath of damaging wind gusts across northern Texas and Oklahoma late Sunday likely qualified the event as a derecho, although that’s not an official designation, said Nolan Meister, a meteorologist with …

28 02, 2023

Ohio Residents, Norfolk Southern Strike a Deal on Crash Evidence

By | February 28th, 2023|Uncategorized|Comments Off on Ohio Residents, Norfolk Southern Strike a Deal on Crash Evidence

Ohio residents suing Norfolk Southern Corp NSC.N will get an extra day to inspect rail cars that spilled a toxic chemical during a train derailment this month before the company clears the crash site, according to a deal struck by …

28 02, 2023

Progressive CEO: Early Rate Actions Helped Growth

By | February 28th, 2023|Uncategorized|Comments Off on Progressive CEO: Early Rate Actions Helped Growth

Progressive Corp. posted full-year 2022 net income of $721.5 million, down about 78% from net income of $3.35 billion the prior year, due to losses in its investment portfolio. However, Chief Executive Officer Tricia Griffith in a letter to shareholders …

27 02, 2023

Hurricanes Moving Farther North to Pummel Millions More Homes in US

By | February 27th, 2023|Uncategorized|Comments Off on Hurricanes Moving Farther North to Pummel Millions More Homes in US

Is it possible to predict exactly where the wind will blow? How about where it will blow 30 years from now? The First Street Foundation, a nonprofit that works to define and communicate risks posed by climate change, says it …

27 02, 2023

TD, Other Banks Reach $1.35B Settlements to End Stanford Litigation

By | February 27th, 2023|Uncategorized|Comments Off on TD, Other Banks Reach $1.35B Settlements to End Stanford Litigation

Three banks agreed to pay $1.35 billion to resolve litigation by former Allen Stanford investors who accused them of contributing to the imprisoned financier’s massive Ponzi scheme. Canada’s Toronto-Dominion Bank will pay $1.205 billion, HSBC Holdings Plc will pay $40 …