News Archives - Insurance Journal

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19 05, 2023

G7 Steps Up Russia Sanctions, Seeks to Cut China Trade Dependency

By | May 19th, 2023|Uncategorized|Comments Off on G7 Steps Up Russia Sanctions, Seeks to Cut China Trade Dependency

Leaders of the world’s richest democracies agreed on Friday to stiffen sanctions against Russia, while a draft communique to be issued after their talks in the Japanese city of Hiroshima stressed the need to reduce reliance on trade with China. …

19 05, 2023

US Imposes Sanctions on Hundreds of Targets in Fresh Russia Action

By | May 19th, 2023|Uncategorized|Comments Off on US Imposes Sanctions on Hundreds of Targets in Fresh Russia Action

The United States and its partners on Friday announced new penalties aimed at punishing Russia for its invasion of Ukraine, intensifying what is already one of the harshest sanctions efforts ever implemented. Washington targeted Russia’s sanctions evasion, future energy revenues …

19 05, 2023

Second Round of Insure Louisiana Incentive Program Canceled; Additional Funding Awaits

By | May 19th, 2023|Uncategorized|Comments Off on Second Round of Insure Louisiana Incentive Program Canceled; Additional Funding Awaits

The second application period for the Insure Louisiana Incentive Program was canceled this week as the Louisiana Department of Insurance (LDI) waits on lawmakers to appropriate more funding for the program. The 30-year day application period, which began May 1, …

19 05, 2023

Major New Mexico Transmission Line OK’d for Renewable Energy in West

By | May 19th, 2023|Uncategorized|Comments Off on Major New Mexico Transmission Line OK’d for Renewable Energy in West

The U.S. government is greenlighting a proposed multibillion-dollar transmission line that would send primarily wind-generated electricity from the rural plains of New Mexico to big cities in the West. The Interior Department announced its record of decision for the SunZia …

8 05, 2023

Ex-Uber Security Chief Gets No Prison Time for Hack Coverup

By | May 8th, 2023|Uncategorized|Comments Off on Ex-Uber Security Chief Gets No Prison Time for Hack Coverup

Uber Technologies Inc.’s former security chief was spared from prison for concealing a massive data breach in 2016. Joe Sullivan’s sentencing to three years of probation Thursday followed his conviction by a jury last year of obstructing a government investigation …

8 05, 2023

Register Now for the InsurTech Summit

By | May 8th, 2023|Uncategorized|Comments Off on Register Now for the InsurTech Summit

Carrier Management’s upcoming InsurTech Summit isn’t showcasing trends. It’s highlighting how insurers and InsurTechs use evolving tech to win. This free, virtual event is a streamable exchange of perspectives and ideas on topics such as claims automation, underwriting analytics, artificial …

8 05, 2023

Novidea Raises $50 Million in Series C Funding

By | May 8th, 2023|Uncategorized|Comments Off on Novidea Raises $50 Million in Series C Funding

Novidea announced it raised $50 million in Series C funding, led by Battery Ventures with participation from Cross Creek – both new investors – and the company’s existing investors, Israel Growth Partners (IGP), KT Squared, and JAL Ventures. To date, …

8 05, 2023

Wildfires in Canada Force Evacuations, Cut Oil and Gas Output

By | May 8th, 2023|Uncategorized|Comments Off on Wildfires in Canada Force Evacuations, Cut Oil and Gas Output

Wildfires raging across western Canada forced the evacuation of 30,000 residents and cut at least 145,000 barrels a day of oil and gas production as companies shut down wells and pipelines. A total of 102 blazes were burning as of …

8 05, 2023

Contractor Error Blamed for Hawaii Toxic Foam Spill

By | May 8th, 2023|Uncategorized|Comments Off on Contractor Error Blamed for Hawaii Toxic Foam Spill

An investigation found that a spill of about 1,300 gallons of fire suppressant at a fuel facility in Hawaii was caused by a maintenance contractor improperly installing an air vacuum valve, U.S. military officials said. Aqueous Film Forming Foam, which …

9 05, 2023

Maryland Firefighter’s Widow Wins Death Benefits Opposed by County Employer

By | May 9th, 2023|Uncategorized|Comments Off on Maryland Firefighter’s Widow Wins Death Benefits Opposed by County Employer

A Maryland widow is entitled to her late husband’s workers’ compensation death benefits because she was dependent upon her husband at the time of his disablement, a Maryland appeals court has ruled. The appeals panel overturned a lower court that …