News Archives - Insurance Journal

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26 01, 2023

NRA Sues Over Illinois Two-Week-Old Ban on Semiautomatic Weapons

By | January 26th, 2023|Uncategorized|Comments Off on NRA Sues Over Illinois Two-Week-Old Ban on Semiautomatic Weapons

SPRINGFIELD, Ill. (AP) – Illinois’ two-week-old ban on semiautomatic weapons outlaws “ubiquitous” firearms in “radical” defiance of the Constitution’s Second Amendment, a federal lawsuit filed by the National Rifle Association Tuesday claims. The powerful NRA joined a parade of gun-rights …

25 01, 2023

FDA Proposes New Limits on Lead in Baby Foods

By | January 25th, 2023|Uncategorized|Comments Off on FDA Proposes New Limits on Lead in Baby Foods

The U.S. Food and Drug Administration on Tuesday announced new guidance to reduce exposure to lead in processed baby foods. Though recommended and not required, the new proposed action levels from the FDA “could result in as much as a …

25 01, 2023

Qantas Mayday Alert, Flight Turnbacks Put Safety Reputation Under Spotlight

By | January 25th, 2023|Uncategorized|Comments Off on Qantas Mayday Alert, Flight Turnbacks Put Safety Reputation Under Spotlight

Qantas Airways Ltd., the airline whose stellar safety record was made famous by Hollywood, is back in the spotlight after a flurry of mechanical malfunctions. The Australian airline has been hit by a spate of in-flight issues since the middle …

25 01, 2023

UK Parliament Seeks Power to Scrutinize Financial Services Regulators

By | January 25th, 2023|Uncategorized|Comments Off on UK Parliament Seeks Power to Scrutinize Financial Services Regulators

Britain’s financial regulators would face more scrutiny over their policies for consumers and the economy from Parliament under proposals from members of the House of Lords. A new independent body could track progress against certain metrics, with elected officials also …

25 01, 2023

People Moves: Everest Insurance Int’l Hires Powell to Lead Financial Lines; Swiss Re Corporate Solutions Names Arquint CEO EMEA, Succeeding Kleiterp

By | January 25th, 2023|Uncategorized|Comments Off on People Moves: Everest Insurance Int’l Hires Powell to Lead Financial Lines; Swiss Re Corporate Solutions Names Arquint CEO EMEA, Succeeding Kleiterp

This edition of International People Moves details appointments at Everest Insurance International and Swiss Re Corporate Solutions. A summary of these new hires follows here. Everest Insurance Int’l Taps Zurich’s Powell to Lead Financial Lines Everest Insurance, the primary insurance …

26 01, 2023

Light Earthquake Confirmed in Southern California

By | January 26th, 2023|Uncategorized|Comments Off on Light Earthquake Confirmed in Southern California

A light earthquake centered offshore gave Southern California an early morning wake-up call Wednesday, the U.S. Geological Survey confirmed. There were no reports of damage. The 2 a.m. quake occurred beneath the ocean 10.6 miles south of Malibu, the USGS …

25 01, 2023

Markets/Coverages: kWh Analytics, Aspen Partner on Property for Renewables; Hub Starts People & Tech Consulting; DUAL New Fine Art Program

By | January 25th, 2023|Uncategorized|Comments Off on Markets/Coverages: kWh Analytics, Aspen Partner on Property for Renewables; Hub Starts People & Tech Consulting; DUAL New Fine Art Program

kWh Analytics, Aspen Partner on Property Insurance for Renewables kWh Analytics, a leader in climate insurance, announced the launch of property insurance for renewable energy assets with capacity partner Aspen Insurance. This new product will provide coverage against physical damage …

25 01, 2023

A Class-Action Wave Is Coming for ESG Claims

By | January 25th, 2023|Uncategorized|Comments Off on A Class-Action Wave Is Coming for ESG Claims

Lawyers are bracing for an increase in ESG-related cases as corporate disclosure requirements stiffen around the world. A survey by the law firm Norton Rose Fulbright found that 28% of more than 430 general counsel and in-house litigation leaders said …

25 01, 2023

Twitter Sued in Germany in Bid to Force Vetting of Antisemitic Posts

By | January 25th, 2023|Uncategorized|Comments Off on Twitter Sued in Germany in Bid to Force Vetting of Antisemitic Posts

Twitter Inc. was hit by a lawsuit in Germany by an anti-hate speech organization and a European group of Jewish students in a bid to force the platform to remove antisemitic content. HateAid and the European Union of Jewish Students …

25 01, 2023

Moody’s RMS Estimates $5B-7B in Economic Losses from California Flooding

By | January 25th, 2023|Uncategorized|Comments Off on Moody’s RMS Estimates $5B-7B in Economic Losses from California Flooding

Moody’s RMS estimates total economic losses from the recent California flooding at between $5 billion and $7 billion, and insured losses are anticipated to be between $500,000 and $1.5 billion, including losses to the National Flood Insurance Program and the …