News Archives - Insurance Journal

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22 12, 2022

Top White House Cybersecurity Official Plans to Step Down

By | December 22nd, 2022|Uncategorized|Comments Off on Top White House Cybersecurity Official Plans to Step Down

The US’s first national cyber director, Chris Inglis, is planning to step down in the coming months, according to a person familiar with the matter. Inglis has worked as one of President Joe Biden’s top cybersecurity advisers at a time …

22 12, 2022

NHTSA Investigating if Hertz Rented Unrepaired Recalled Vehicles

By | December 22nd, 2022|Uncategorized|Comments Off on NHTSA Investigating if Hertz Rented Unrepaired Recalled Vehicles

U.S. auto safety regulators said on Tuesday they are investigating if Hertz rented unrepaired recalled vehicles to customers. The National Highway Traffic Safety Administration (NHTSA) said in a filing made public on Tuesday it was in receipt of information that …

22 12, 2022

Investigators Probe Failure of Italy’s Vega C Rocket; Satellite Insurers Expect Profit Hit

By | December 22nd, 2022|Uncategorized|Comments Off on Investigators Probe Failure of Italy’s Vega C Rocket; Satellite Insurers Expect Profit Hit

An investigation is being launched after the latest version of Italy’s Vega C rocket failed on its second mission, destroying two Earth-imaging satellites and further complicating Europe’s access to space on top of the war in Ukraine. Launch firm Arianespace …

22 12, 2022

Insurance Rates to Stay Flat for Shipments of Ukraine Grain: Lloyd’s Insurer Ascot

By | December 22nd, 2022|Uncategorized|Comments Off on Insurance Rates to Stay Flat for Shipments of Ukraine Grain: Lloyd’s Insurer Ascot

A cargo insurance facility providing cover for shipments via Ukraine’s grain export corridor will continue next year with no rate increases, an underwriter with Lloyd’s of London insurer Ascot said on Thursday. Twenty-one insurers are part of the facility, which …

22 12, 2022

UK Insurers, Banks Hope for Substantive Financial Services Reforms in 2023

By | December 22nd, 2022|Uncategorized|Comments Off on UK Insurers, Banks Hope for Substantive Financial Services Reforms in 2023

After a jarring six months marked by sweeping policy promises, U-turns and four Chancellors of the Exchequer, UK financiers head into 2023 uncertain that the coming year will finally usher in substantive reforms to the City of London. Current Chancellor …

20 12, 2022

California Workers’ Comp Bureau Says Premium Fell Sharply Beginning in 2Q 2020

By | December 20th, 2022|Uncategorized|Comments Off on California Workers’ Comp Bureau Says Premium Fell Sharply Beginning in 2Q 2020

Written premium declined sharply beginning in the second quarter of 2020 due to the economic downturn resulting from the pandemic, according to a report out on Tuesday. The report from the Workers’ Compensation Insurance Rating Bureau of California shows a …

21 12, 2022

New Jersey Lawmakers Pass Gun Carry Bill With Insurance Mandate

By | December 21st, 2022|Uncategorized|Comments Off on New Jersey Lawmakers Pass Gun Carry Bill With Insurance Mandate

New Jersey lawmakers gave final approval Monday to legislation overhauling rules to get a firearm carry permit after this summer’s U.S. Supreme Court ruling expanded gun rights. The Democrat-led Senate passed the measure in what is scheduled to be the …

21 12, 2022

$698M Deal Ending Oregon’s Monsanto PCB Pollution Lawsuit

By | December 21st, 2022|Uncategorized|Comments Off on $698M Deal Ending Oregon’s Monsanto PCB Pollution Lawsuit

Bayer, the German pharmaceutical and biotechnology company, will pay Oregon $698 million to end a lawsuit over PCB pollution associated with products made by Monsanto, the agriculture giant it now owns. It’s the largest environmental damage recovery in Oregon’s history …

21 12, 2022

Judge Clears Philadelphia Eagles, 76ers for ‘Limited Discovery’ in Covid-19 Insurance Claims

By | December 21st, 2022|Uncategorized|Comments Off on Judge Clears Philadelphia Eagles, 76ers for ‘Limited Discovery’ in Covid-19 Insurance Claims

Rather than dismiss them, a federal judge in Pennsylvania has allowed similar Covid-19 business insurance cases brought by owners of the Philadelphia Eagles and Philadelphia 76ers sports teams against their insurers to proceed to limited discovery. U.S. District Judge Michael …

21 12, 2022

Washington and Alaska Crabbers, Fishermen Seek Aid After Disaster Declaration

By | December 21st, 2022|Uncategorized|Comments Off on Washington and Alaska Crabbers, Fishermen Seek Aid After Disaster Declaration

The U.S. Department of Commerce’s disaster declaration for certain salmon and crab fisheries in Washington and Alaska opens the door for financial relief as part of an omnibus spending bill being negotiated by U.S. lawmakers. The declaration covers Bristol Bay …