News Archives - Insurance Journal

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13 11, 2023

Former NFL Cornerback Among Six Killed in Crash in Downtown Houston

By | November 13th, 2023|Uncategorized|Comments Off on Former NFL Cornerback Among Six Killed in Crash in Downtown Houston

HOUSTON (AP) – A crash at a red light killed six people including former NFL cornerback D.J. Hayden in downtown Houston early Saturday. The two-vehicle crash occurred about 2 a.m. when a Chrysler 300, apparently “going very fast, high velocity,” …

14 11, 2023

Judge Upholds $24M Award in Discrimination Suit by Employee With Social Anxiety Disorder

By | November 14th, 2023|Uncategorized|Comments Off on Judge Upholds $24M Award in Discrimination Suit by Employee With Social Anxiety Disorder

A federal district court judge in Massachusetts has upheld a $24 million jury award for a woman who sued her employer for retaliation and discrimination because of her social anxiety disorder. The employer, PPD Development, has criticized the outcome handed …

13 11, 2023

Bank of England to Deepen System-Wide Stress Test for Banks, Insurers

By | November 13th, 2023|Uncategorized|Comments Off on Bank of England to Deepen System-Wide Stress Test for Banks, Insurers

The Bank of England said on Friday it would start the second leg to its first system-wide stress test of how banks, insurers, pension schemes and clearing houses collectively cope with shocks involving interest rates and risky asset prices over …

14 11, 2023

Washington Commissioner Issues $607K on Fines for Violations

By | November 14th, 2023|Uncategorized|Comments Off on Washington Commissioner Issues $607K on Fines for Violations

Washington Insurance Commissioner Mike Kreidler issued fines in October totaling $607,613.35 against insurance companies and insurance producers that reportedly violated state insurance laws and regulations. Following are the alleged violators and a breakdown of their reported fines: Insurance companies AIG …

13 11, 2023

Freight Costs for Ships in Ukraine’s Export Corridor Ease Back to Former Levels

By | November 13th, 2023|Uncategorized|Comments Off on Freight Costs for Ships in Ukraine’s Export Corridor Ease Back to Former Levels

Freight costs for ships in Ukraine’s alternative export corridor have eased back to their former levels, a government source said on Friday, after brokers said earlier they had risen following an attack on a cargo vessel in the Black Sea …

14 11, 2023

California Funeral Home Stored Bodies for 4 Years, Deceived Families, Prosecutors Say

By | November 14th, 2023|Uncategorized|Comments Off on California Funeral Home Stored Bodies for 4 Years, Deceived Families, Prosecutors Say

The owners of a Colorado funeral home were arrested Wednesday in Oklahoma on charges linked to the discovery of 190 sets of decaying remains at one of their facilities, including some that apparently had been languishing there for four years. …

13 11, 2023

Russia Flagship Carrier Aeroflot Says It Reached Settlement With Aircraft Leasing Firm

By | November 13th, 2023|Uncategorized|Comments Off on Russia Flagship Carrier Aeroflot Says It Reached Settlement With Aircraft Leasing Firm

Russian flagship carrier Aeroflot said on Thursday it had clinched a settlement with leasing company BOC Aviation under which nine aircraft are to be handed over to Russian state insurance company NSK. A statement issued by Aeroflot said NSK would …

13 11, 2023

EU Court Sides With Car Service Firms in Data Fight With Sweden Truck Maker Scania

By | November 13th, 2023|Uncategorized|Comments Off on EU Court Sides With Car Service Firms in Data Fight With Sweden Truck Maker Scania

Swedish truck maker Scania must share car data, such as vehicle identification numbers, with repair shops and parts distributors, Europe’s top court said on Thursday in a ruling that could provide a boost for the latter looking to tap a …

14 11, 2023

Federal Court Splits North Carolina Hurricane Insurance Claims

By | November 14th, 2023|Uncategorized|Comments Off on Federal Court Splits North Carolina Hurricane Insurance Claims

A North Carolina investment firm and its property insurer have each won partial victories in a dispute over hurricane insurance claims that has been in court since 2019. A federal district court judge for Eastern North Carolina dismissed the insured’s …

13 11, 2023

Cyber Attack Against Australia Port Operator Causes Massive Container Backlog

By | November 13th, 2023|Uncategorized|Comments Off on Cyber Attack Against Australia Port Operator Causes Massive Container Backlog

DP World Plc is struggling to work through a backlog of 30,000 shipping containers piled up at ports across Australia as the company resumes operations after a cyberattack. Friday’s hack on DP World, one of the world’s largest port operators, …