News Archives - Insurance Journal

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1 08, 2023

Yellen Says Extreme Weather Exposes Gaps in Insurance Protection

By | August 1st, 2023|Uncategorized|Comments Off on Yellen Says Extreme Weather Exposes Gaps in Insurance Protection

Treasury Secretary Janet Yellen said the weather-related havoc playing out across the US is exposing a “protection gap” for Americans seeking insurance against property losses. Yellen, who also chairs the Financial Stability Oversight Council, said that a spate of extreme …

1 08, 2023

99-Year-Old Yellow Trucking Company Shutting Down, Headed for Bankruptcy

By | August 1st, 2023|Uncategorized|Comments Off on 99-Year-Old Yellow Trucking Company Shutting Down, Headed for Bankruptcy

Nashville-based trucking company Yellow Corp., just shy of its 100th birthday, has shut down operations and is headed for a bankruptcy filing, according to the Teamsters Union and multiple media reports. After years of financial struggles, reports of Yellow preparing …

1 08, 2023

Inspectors Find Second Structural Issue with North Carolina Roller Coaster

By | August 1st, 2023|Uncategorized|Comments Off on Inspectors Find Second Structural Issue with North Carolina Roller Coaster

Another structural issue has been located with a large roller coaster that’s been closed for weeks since a large crack in a support column was discovered, a North Carolina agency confirmed on Friday. A Swiss-based engineering company that designed and …

1 08, 2023

Former Mississippi Governor Sues News Site Over Welfare Fraud Comments

By | August 1st, 2023|Uncategorized|Comments Off on Former Mississippi Governor Sues News Site Over Welfare Fraud Comments

Former Mississippi Gov. Phil Bryant is suing a local news organization, claiming it defamed him in public comments on the misspending of $77 million of federal welfare funds intended to help some of the poorest people in the U.S. The …

1 08, 2023

New Hampshire Governor Signs Pet Insurance Standards Into Law

By | August 1st, 2023|Uncategorized|Comments Off on New Hampshire Governor Signs Pet Insurance Standards Into Law

New Hampshire Governor Chris Sununu has signed into law legislation establishing pet insurance regulations. “Pets become family,” said Governor Chris Sununu. “This law will provide Granite Staters with peace of mind and opportunity to ensure their pets can receive the …

1 08, 2023

Crews Battling ‘Fire Whirls’ in California’s Mojave Desert

By | August 1st, 2023|Uncategorized|Comments Off on Crews Battling ‘Fire Whirls’ in California’s Mojave Desert

Crews battled “fire whirls” in California’s Mojave National Preserve as a massive wildfire crossed into Nevada amid dangerously high temperatures and raging winds. The York Fire was mapped at roughly 120 square miles on Monday night, with no containment. The …

1 08, 2023

Musk’s X Sues Nonprofit That Fights Hate-Speech

By | August 1st, 2023|Uncategorized|Comments Off on Musk’s X Sues Nonprofit That Fights Hate-Speech

Social media platform X, formerly known as Twitter, on Monday sued a nonprofit that fights hate speech and disinformation, accusing it of asserting false claims and encouraging advertisers to pause investment on the platform. U.S. media reported earlier that Elon …

1 08, 2023

NHTSA Opens Probe Into 280,000 New Tesla Vehicles Over Steering Issue

By | August 1st, 2023|Uncategorized|Comments Off on NHTSA Opens Probe Into 280,000 New Tesla Vehicles Over Steering Issue

U.S. auto safety regulators said Tuesday they have opened an investigation into 280,000 new Tesla Model 3 and Model Y vehicles over reports of loss of steering control and power steering. The National Highway Traffic Safety Administration (NHTSA) opened a …

1 08, 2023

Inmate Sues Private Kansas Prison Operators Over His 2021 Stabbing

By | August 1st, 2023|Uncategorized|Comments Off on Inmate Sues Private Kansas Prison Operators Over His 2021 Stabbing

LEAVENWORTH, Kan. (AP) – An inmate is suing one of the nation`s largest private prison operators over his 2021 stabbing inside a now-defunct maximum security federal facility in Kansas. Joshua Braddy, who is now incarcerated in Illinois, amended his suit …

1 08, 2023

PCF Insurance Services Secures $400M Financing as Part of New Loan

By | August 1st, 2023|Uncategorized|Comments Off on PCF Insurance Services Secures $400M Financing as Part of New Loan

PCF Insurance Services said today that it closed $400 million in incremental debt financing led by Blue Owl, a global alternative asset manager that acted as lead arranger and admin agent. The financing was upsized from $300 million to $400 …