News Archives - Insurance Journal

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17 01, 2023

Fund Groups Warn Against EU Idea of Legally Defining ‘Greenwashing’

By | January 17th, 2023|Uncategorized|Comments Off on Fund Groups Warn Against EU Idea of Legally Defining ‘Greenwashing’

LONDON, Jan 16 (Reuters) – European Union regulators should not define greenwashing in law, fund industry groups have told the bloc’s markets watchdog, citing concerns this would complicate a sector in “constant flux.” Trillions of dollars have flowed into investments …

17 01, 2023

New Jersey Home Explosion Injures 5 Firefighters

By | January 17th, 2023|Uncategorized|Comments Off on New Jersey Home Explosion Injures 5 Firefighters

POMPTON LAKES, N.J. (AP) — A New Jersey house where smoke had been reported exploded with volunteer firefighters inside, injuring five of them and sending two to a hospital for treatment of burns, authorities said. The Pompton Lakes Volunteer Fire …

17 01, 2023

Averted Plane Crash at New York Airport Under Investigation

By | January 17th, 2023|Uncategorized|Comments Off on Averted Plane Crash at New York Airport Under Investigation

Officials are investigating a close call at a New York airport Friday night between a plane that was crossing a runway and another that was preparing for takeoff. “(Expletive)! Delta 1943, cancel takeoff clearance! Delta 1943, cancel takeoff clearance!” an …

17 01, 2023

Canada’s Westland Insurance Acquires Broker RiskTech From Excel

By | January 17th, 2023|Uncategorized|Comments Off on Canada’s Westland Insurance Acquires Broker RiskTech From Excel

Westland Insurance announced that it has acquired the Edmonton brokerage RiskTech Insurance Services as of January 1. Risk Tech was a member of Excel Insurance Group. It specializes in serving large and mid-market commercial risks and complements Westland’s existing commercial …

17 01, 2023

Germany Joins Opposition to EU Ban on Commission-Based Financial Products

By | January 17th, 2023|Uncategorized|Comments Off on Germany Joins Opposition to EU Ban on Commission-Based Financial Products

Banning commission-based sales of financial products from banks and insurers would be a “serious setback” to the European Union’s capital market and limit choice for consumers, Germany’s finance minister Christian Lindner has said. EU financial services chief Mairead McGuinness set …

17 01, 2023

Twitter’s Laid-Off Workers Cannot Pursue Claims Via Class-Action Lawsuit

By | January 17th, 2023|Uncategorized|Comments Off on Twitter’s Laid-Off Workers Cannot Pursue Claims Via Class-Action Lawsuit

Twitter Inc has secured a ruling allowing the social media company to force several laid-off workers suing over their termination to pursue their claims via individual arbitration than a class-action lawsuit. U.S. District Judge James Donato on Friday ruled that …

17 01, 2023

High Court Takes 8 New Cases, 1 About a Religious Mailman

By | January 17th, 2023|Uncategorized|Comments Off on High Court Takes 8 New Cases, 1 About a Religious Mailman

The Supreme Court on Friday agreed to consider what employers must do to accommodate religious employees, among eight new cases it added. The cases are expected to be argued in April. In one involving a former postal employee, the justices …

17 01, 2023

Minnesota Health Care Provider to Settle $180K Disability Discrimination Suit

By | January 17th, 2023|Uncategorized|Comments Off on Minnesota Health Care Provider to Settle $180K Disability Discrimination Suit

MINNEAPOLIS – North Memorial Health, a health care provider that operates two hospitals and 26 specialty and primary care clinics, urgent and emergency care facilities and medical transportation services throughout the Twin Cities metropolitan area, will pay $180,000 and provide …

17 01, 2023

More Radioactive Tests Sought at Missouri School District

By | January 17th, 2023|Uncategorized|Comments Off on More Radioactive Tests Sought at Missouri School District

WASHINGTON, Mo. (AP) _ In an unusual show of bipartisanship, Republican U.S. Sen. Josh Hawley and Democratic U.S. Rep. Cori Bush of Missouri asked the federal government to perform more testing for radioactive contamination on properties owned by the Hazelwood …

17 01, 2023

Bank of England Worried New Insurance Capital Rules Could Risk Policyholder Bailout

By | January 17th, 2023|Uncategorized|Comments Off on Bank of England Worried New Insurance Capital Rules Could Risk Policyholder Bailout

Britain’s proposed changes to capital rules for insurers could lead to the government having to bail out policyholders, as happened 20 years ago after the near-collapse of life assurance company Equitable Life, the Bank of England said on Monday. Late …