News Archives - Insurance Journal

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24 10, 2022

South Dakota Pot Legalization Effort Facing Resistance

By | October 24th, 2022|Uncategorized|Comments Off on South Dakota Pot Legalization Effort Facing Resistance

SIOUX FALLS, S.D. (AP) – When it comes to marijuana, South Dakota has been a leader among its Great Plains neighbors: one of the first to legalize recreational use, the first to approve both medical and recreational forms on the …

24 10, 2022

Louisiana’s Donelon Traveling to London to Meet With Lloyd’s

By | October 24th, 2022|Uncategorized|Comments Off on Louisiana’s Donelon Traveling to London to Meet With Lloyd’s

The Louisiana Department of Insurance (LDI) announced Commissioner Jim Donelon is traveling to London this week to meet with leaders from Lloyd’s of London (Lloyd’s) and the International Underwriting Association of London (IUA). During the meetings, Commissioner Donelon will provide …

14 10, 2022

New Jersey Eyes Gun Carry Legislation Including Insurance Requirement

By | October 14th, 2022|Uncategorized|Comments Off on New Jersey Eyes Gun Carry Legislation Including Insurance Requirement

New Jersey Democrats say they are going to take a shot at passing new gun legislation similar to New York’s even thought that state’s law is facing a court challenge. Assembly Speaker Craig J. Coughlin and Senate President Nick Scutari, …

14 10, 2022

Bayer to Challenge $275M Washington Jury Verdict Over PCB Injury Claims

By | October 14th, 2022|Uncategorized|Comments Off on Bayer to Challenge $275M Washington Jury Verdict Over PCB Injury Claims

Germany’s Bayer BAYGn.DE said on Friday it plans to legally challenge a jury verdict awarding $275 million to a group of people claiming they suffered from exposure to PCB, a chemical that Bayer’s Monsanto business produced until 1977. Bloomberg and …

14 10, 2022

Oldest Black-Owned Insurance Company Goes Quietly into Liquidation

By | October 14th, 2022|Uncategorized|Comments Off on Oldest Black-Owned Insurance Company Goes Quietly into Liquidation

After more than 120 years, the oldest black-owned insurance company in the United States has all but come to an end, and will soon be liquidated. North Carolina Mutual Life Insurance Co., which began in 1898 and whose iconic headquarters …

14 10, 2022

California Schools Paying $52M in Suit Over Coach Sex Assaults

By | October 14th, 2022|Uncategorized|Comments Off on California Schools Paying $52M in Suit Over Coach Sex Assaults

Lawyers for children who were sexually assaulted by a high school wrestling coach have settled a lawsuit with the Los Angeles Unified School District for $52 million, they announced. Attorneys for more than a dozen children and their families announced …

14 10, 2022

Oregon Retirement Home Fire That Killed One Was Human Caused

By | October 14th, 2022|Uncategorized|Comments Off on Oregon Retirement Home Fire That Killed One Was Human Caused

An explosion and fire last week at the Columbia Hills Retirement Center in St. Helens, Oregon, that killed one person was a human-caused accident. Columbia River Fire & Rescue officials said the explosion was caused by oxygen tanks stored in …

14 10, 2022

Louisiana Advances Toward Large Carbon-Capture Project

By | October 14th, 2022|Uncategorized|Comments Off on Louisiana Advances Toward Large Carbon-Capture Project

Three energy corporations are partnering on a carbon- capture project with the hopes of dramatically reducing industrial carbon dioxide emissions in Louisiana, Gov. John Bel Edwards announced Wednesday. ExxonMobil, CF Industries and EnLink Midstream have entered into an agreement with …

14 10, 2022

Viewpoint: Effective Risk Management and Insurance Procurement

By | October 14th, 2022|Uncategorized|Comments Off on Viewpoint: Effective Risk Management and Insurance Procurement

More than ever, in the wake of the global disruption wrought by the COVID-19 pandemic, geopolitical upheaval, and supply chain disruptions and other inflationary pressures, risk management has proven critical to organizations’ operations and survival. Although some organizations might continue …

14 10, 2022

Broker Marsh Says it Has Optimism for Continued Cyber Market Stabilization

By | October 14th, 2022|Uncategorized|Comments Off on Broker Marsh Says it Has Optimism for Continued Cyber Market Stabilization

In its latest update of the cyber market, broker Marsh said there are signs of improvement, with average rate increases continuing a trend of stead decline. Marsh said rate increases for cyber insurance have decelerated nearly 80% on average in …