News Archives - Insurance Journal

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26 01, 2023

Light Earthquake Confirmed in Southern California

By | January 26th, 2023|Uncategorized|Comments Off on Light Earthquake Confirmed in Southern California

A light earthquake centered offshore gave Southern California an early morning wake-up call Wednesday, the U.S. Geological Survey confirmed. There were no reports of damage. The 2 a.m. quake occurred beneath the ocean 10.6 miles south of Malibu, the USGS …

25 01, 2023

Markets/Coverages: kWh Analytics, Aspen Partner on Property for Renewables; Hub Starts People & Tech Consulting; DUAL New Fine Art Program

By | January 25th, 2023|Uncategorized|Comments Off on Markets/Coverages: kWh Analytics, Aspen Partner on Property for Renewables; Hub Starts People & Tech Consulting; DUAL New Fine Art Program

kWh Analytics, Aspen Partner on Property Insurance for Renewables kWh Analytics, a leader in climate insurance, announced the launch of property insurance for renewable energy assets with capacity partner Aspen Insurance. This new product will provide coverage against physical damage …

25 01, 2023

A Class-Action Wave Is Coming for ESG Claims

By | January 25th, 2023|Uncategorized|Comments Off on A Class-Action Wave Is Coming for ESG Claims

Lawyers are bracing for an increase in ESG-related cases as corporate disclosure requirements stiffen around the world. A survey by the law firm Norton Rose Fulbright found that 28% of more than 430 general counsel and in-house litigation leaders said …

25 01, 2023

Twitter Sued in Germany in Bid to Force Vetting of Antisemitic Posts

By | January 25th, 2023|Uncategorized|Comments Off on Twitter Sued in Germany in Bid to Force Vetting of Antisemitic Posts

Twitter Inc. was hit by a lawsuit in Germany by an anti-hate speech organization and a European group of Jewish students in a bid to force the platform to remove antisemitic content. HateAid and the European Union of Jewish Students …

25 01, 2023

Moody’s RMS Estimates $5B-7B in Economic Losses from California Flooding

By | January 25th, 2023|Uncategorized|Comments Off on Moody’s RMS Estimates $5B-7B in Economic Losses from California Flooding

Moody’s RMS estimates total economic losses from the recent California flooding at between $5 billion and $7 billion, and insured losses are anticipated to be between $500,000 and $1.5 billion, including losses to the National Flood Insurance Program and the …

25 01, 2023

Subpoena Granted in Reno Mayor’s Lawsuit over Tracking Device

By | January 25th, 2023|Uncategorized|Comments Off on Subpoena Granted in Reno Mayor’s Lawsuit over Tracking Device

A Nevada judge has granted subpoenas sought by Reno Mayor Hillary Schieve to force a private investigator to identify who hired his firm to secretly install a tracking device on her vehicle. Washoe County District Judge David Hardy approved the …

25 01, 2023

FBI Says N. Korea-Related Hacker Group Behind Crypto Firm Heist

By | January 25th, 2023|Uncategorized|Comments Off on FBI Says N. Korea-Related Hacker Group Behind Crypto Firm Heist

A hacker group associated with North Korea, the Lazarus Group, also known as APT38, was responsible for the theft last June of $100 million from U.S. crypto firm Harmony’s Horizon bridge, the Federal Bureau of Investigation said on Monday. On …

25 01, 2023

Brown & Brown Reports Q4 Net Income of $145M

By | January 25th, 2023|Uncategorized|Comments Off on Brown & Brown Reports Q4 Net Income of $145M

Brown & Brown Inc. (BRO) on Monday reported fourth-quarter net income of $145.2 million. The Daytona Beach, Florida-based company said it had profit of 51 cents per share. Earnings, adjusted for non-recurring gains, came to 50 cents per share. The …

25 01, 2023

Kansas Man Arrested on Suspected Arson That Killed Woman, 2 Girls

By | January 25th, 2023|Uncategorized|Comments Off on Kansas Man Arrested on Suspected Arson That Killed Woman, 2 Girls

TOPEKA, Kan. (AP) – The only survivor of a Kansas house fire that killed a woman and two young girls has been arrested on suspicion of setting the blaze. Topeka police arrested Kyle J. Tyler, 32, of Holton, on Saturday, …

25 01, 2023

Ohio Dollar General Fined $395K for Hazardous Workplace Conditions

By | January 25th, 2023|Uncategorized|Comments Off on Ohio Dollar General Fined $395K for Hazardous Workplace Conditions

Following yet another inspection – this time at a West Lafayette, Ohio, Dollar General location – federal investigators found one of the nation’s largest discount retailers continues to shelve serious safety concerns that expose workers and others to the dangers …