News Archives - Insurance Journal

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14 02, 2023

Georgia Committee Approves Higher Weight Limits for Trucks, Raising Safety Concerns

By | February 14th, 2023|Uncategorized|Comments Off on Georgia Committee Approves Higher Weight Limits for Trucks, Raising Safety Concerns

A bill that would significantly raise the weight limit for trucks on Georgia highways appears to be gaining steam after it was approved by a state House committee. The House Transportation Committee voted 18-11 to raise the maximum gross vehicle …

14 02, 2023

Coalition Cyber Insurance Now Offered to Large Enterprises With Revenue Up to $5B

By | February 14th, 2023|Uncategorized|Comments Off on Coalition Cyber Insurance Now Offered to Large Enterprises With Revenue Up to $5B

Coalition announced it has expanded its cybersecurity insurance offering to enterprise businesses with revenues up to $5 billion. The company’s increased capacity above its existing limit of $1 billion comes from a syndicated placement across many of its existing partners. …

14 02, 2023

Department of Labor Withdrawing Proposal to Revoke Approval of Arizona’s OSHA Plan

By | February 14th, 2023|Uncategorized|Comments Off on Department of Labor Withdrawing Proposal to Revoke Approval of Arizona’s OSHA Plan

The U.S. Department of Labor today announced that its Occupational Safety and Health Administration plans to withdraw a proposal to reconsider and revoke final approval of Arizona’s for occupational safety and health. By withdrawing the proposal, this will leave the …

14 02, 2023

Ransomware Attacks on Industrial Firms Increased by 87% in 2022

By | February 14th, 2023|Uncategorized|Comments Off on Ransomware Attacks on Industrial Firms Increased by 87% in 2022

Ransomware attacks against industrial organizations increased by 87% in 2022 from the year before, with most malicious software targeting the manufacturing sector, according to findings published Tuesday. Hackers last year targeted mining industries in Australia and New Zealand, and continued …

14 02, 2023

North Dakota Oil Field Explosion Injures One

By | February 14th, 2023|Uncategorized|Comments Off on North Dakota Oil Field Explosion Injures One

WILLISTON, N.D. (AP) – One person was severely burned in an explosion and fire at an oil field in western North Dakota, fire officials said. The explosion was reported about 10:30 p.m. Friday at a saltwater disposal site north of …

14 02, 2023

Families of 2018 Texas School Shooting Settle Suit With Ammo Retailer

By | February 14th, 2023|Uncategorized|Comments Off on Families of 2018 Texas School Shooting Settle Suit With Ammo Retailer

HOUSTON (AP) – The families of those killed and injured in a 2018 Texas high school shooting have settled a lawsuit they had filed against a Tennessee-based online retailer accused of illegally selling ammunition to the student who authorities say …

14 02, 2023

Illinois Grain Co-Op Fined $629K After 27-Year-Old Worker Suffers Partial Amputation

By | February 14th, 2023|Uncategorized|Comments Off on Illinois Grain Co-Op Fined $629K After 27-Year-Old Worker Suffers Partial Amputation

An Illinois grain cooperatives’ failure to make sure they followed required safety procedures contributed to how a 27-year-old worker suffered a partial amputation of his right leg when a paddle conveyor was left running when he and two other employees …

14 02, 2023

Driver in Suspicious Texas Tesla Crash Apparently Moved to Rear Seat

By | February 14th, 2023|Uncategorized|Comments Off on Driver in Suspicious Texas Tesla Crash Apparently Moved to Rear Seat

Investigators from the National Transportation Safety Board apparently have solved the mystery of why no one was found behind the steering wheel of a Tesla that crashed in a Texas two years ago, killing two men. The agency said in …

14 02, 2023

New Mexico State Cancels Season After Sex, Harassment Allegations

By | February 14th, 2023|Uncategorized|Comments Off on New Mexico State Cancels Season After Sex, Harassment Allegations

New Mexico State called off the rest of its men’s basketball season Sunday after reviewing a police report that cited three players for false imprisonment, harassment and counts of criminal sexual contact against a teammate. In a statement, chancellor Dan …

3 02, 2023

Global Commercial Insurance Rates Rise 4% in Q4, Continuing Moderating Trend

By | February 3rd, 2023|Uncategorized|Comments Off on Global Commercial Insurance Rates Rise 4% in Q4, Continuing Moderating Trend

Global commercial insurance prices increased 4% in the fourth quarter of 2022, down from a 6% increase in Q3 and a 9% increase in Q2, which is a continuation of a trend of moderating increases that began in Q1 2021, …