News Archives - Insurance Journal

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5 01, 2023

U.S. FCC Proposes Additional Spectrum for Drone Communications

By | January 5th, 2023|Uncategorized|Comments Off on U.S. FCC Proposes Additional Spectrum for Drone Communications

The U.S. Federal Communications Commission (FCC) on Wednesday proposed new rules to make licensed radio spectrum in the 5 GHz band for the rising number of unmanned aircraft systems, or drones, in use. Currently, drones typically operate under unlicensed and …

5 01, 2023

As Legal Pot Grows, More Kids Sickened By Edibles at Home

By | January 5th, 2023|Uncategorized|Comments Off on As Legal Pot Grows, More Kids Sickened By Edibles at Home

The number of young kids, especially toddlers, who accidentally ate marijuana-laced treats rose sharply over five years as pot became legal in more places in the U.S., according to a study published Tuesday. More than 7,000 confirmed cases of kids …

5 01, 2023

D&O Insurer Dodges Coverage for $4.9M Embezzlement Scheme

By | January 5th, 2023|Uncategorized|Comments Off on D&O Insurer Dodges Coverage for $4.9M Embezzlement Scheme

A directors and officers insurer has no duty to defend a New Mexico financial organization from litigation filed after its former chief executive officer was convicted of stealing $4.9 million from clients, a federal appellate court ruled. A panel of …

5 01, 2023

People Moves: Aon Hires Fulciniti as Head of Strategy Execution for Commercial Risk Solutions, EMEA; DARAG Names Mathis Wagner and Pearson to Lead M&A in Europe, UK

By | January 5th, 2023|Uncategorized|Comments Off on People Moves: Aon Hires Fulciniti as Head of Strategy Execution for Commercial Risk Solutions, EMEA; DARAG Names Mathis Wagner and Pearson to Lead M&A in Europe, UK

Aon Names Fulciniti as Head of Strategy Execution for Commercial Risk Solutions, EMEA Insurance broker Aon plc has named Agostino (Ago) Fulciniti as head of strategy execution for Commercial Risk Solutions in EMEA, effective Jan. 1, 2023. In this new …

5 01, 2023

Trader Joe’s Sued Over Lead, Cadmium Levels in Dark Chocolate

By | January 5th, 2023|Uncategorized|Comments Off on Trader Joe’s Sued Over Lead, Cadmium Levels in Dark Chocolate

Trader Joe’s was sued on Wednesday by a consumer who accused the grocery chain of misleading and endangering shoppers by selling dark chocolate that contains harmful levels of lead and cadmium. The proposed class action was filed in the federal …

5 01, 2023

Markets/Coverages: CNA Hardy Offers Enhanced Product Suite for UK Tech Businesses

By | January 5th, 2023|Uncategorized|Comments Off on Markets/Coverages: CNA Hardy Offers Enhanced Product Suite for UK Tech Businesses

CNA Hardy, a specialist commercial insurance provider for clients within the Lloyd’s and company markets, announced the latest addition to its specialist technology product suite. The product, called “Technology Package+” offers an updated, comprehensive suite of coverages including advanced cyber …

5 01, 2023

Duke Energy Blames Rolling Blackouts on Perfect Storm of Issues

By | January 5th, 2023|Uncategorized|Comments Off on Duke Energy Blames Rolling Blackouts on Perfect Storm of Issues

Duke Energy Corp. executives on Tuesday blamed a convergence of widespread extreme cold, higher than projected demand, malfunctioning plant equipment and the inability to buy power elsewhere for rolling blackouts on Christmas Eve _ the first for the company in …

5 01, 2023

JPMorgan Must Face Suit by Ray-Ban Maker Unit Over Cyber Theft

By | January 5th, 2023|Uncategorized|Comments Off on JPMorgan Must Face Suit by Ray-Ban Maker Unit Over Cyber Theft

JPMorgan Chase Bank NA will have to face a lawsuit by a unit of the French maker of Ray-Ban glasses that claims the bank ignored suspicious transactions as cybercriminals drained $272 million from its New York bank account. Essilor Manufacturing …

5 01, 2023

Tory Peer-Linked Firm Supplied Unsafe Gowns During Covid, Health Department Alleges

By | January 5th, 2023|Uncategorized|Comments Off on Tory Peer-Linked Firm Supplied Unsafe Gowns During Covid, Health Department Alleges

The controversial firm linked to a Tory peer supplied 25 million protective gowns that were unusable and failed safety tests during the pandemic in 2020, the UK’s health department alleged in a lawsuit seeking to recover £133 million ($160 million). …

5 01, 2023

Thailand Mandates Covid Insurance for Visitors From Some Nations

By | January 5th, 2023|Uncategorized|Comments Off on Thailand Mandates Covid Insurance for Visitors From Some Nations

Thailand is mandating Covid insurance for foreign visitors from countries that require negative RT-PCR test results before returning home, reinstating the entry rule ahead of the likely arrival of Chinese tourists in large numbers. The insurance rule will ensure that …