News Archives - Insurance Journal

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31 07, 2023

Las Vegas Casino Mogul Fined $10M to End Fight Over Claims of Workplace Sexual Misconduct

By | July 31st, 2023|Uncategorized|Comments Off on Las Vegas Casino Mogul Fined $10M to End Fight Over Claims of Workplace Sexual Misconduct

Casino mogul Steve Wynn has ended a yearslong legal fight with Nevada gambling regulators that started with claims of workplace sexual misconduct, agreeing to pay a $10 million fine and cut ties to the industry he helped shape in Las …

31 07, 2023

DOJ Asks Supreme Court to Delay Purdue Pharma Bankruptcy Settlement

By | July 31st, 2023|Uncategorized|Comments Off on DOJ Asks Supreme Court to Delay Purdue Pharma Bankruptcy Settlement

The U.S. Department of Justice on Friday asked the U.S. Supreme Court to stop Purdue Pharma from proceeding with a bankruptcy settlement that protects its Sackler family owners from lawsuits. An appeals court rejected a proposed delay earlier this week, …

28 07, 2023

Barclays Banker Fired Over Sexual Harassment Loses $770,000 Employment Suit

By | July 28th, 2023|Uncategorized|Comments Off on Barclays Banker Fired Over Sexual Harassment Loses $770,000 Employment Suit

A former Barclays director who was fired for sexual harassment has lost an employment lawsuit against the British bank in which he sought nearly 600,000 pounds ($770,000) in compensation, a London tribunal announced on Thursday. Robert Record, once a senior …

28 07, 2023

Ship Carrying BMWs and Mercedes Ablaze Off Dutch Coast Could Burn for Days

By | July 28th, 2023|Uncategorized|Comments Off on Ship Carrying BMWs and Mercedes Ablaze Off Dutch Coast Could Burn for Days

A cargo ship carrying almost 3,800 cars and construction vehicles is likely to continue burning for days, according to the Dutch coast guard, which is leading efforts to contain the blaze. BMW AG and Mercedes-Benz Group AG each have several …

31 07, 2023

Ways to Mitigate Mobile Home Wind Damage Often Ignored, Even as Deaths Rise

By | July 31st, 2023|Uncategorized|Comments Off on Ways to Mitigate Mobile Home Wind Damage Often Ignored, Even as Deaths Rise

Rolling Fork, Mississippi (AP) — Many were not just killed at home. They were killed by their homes. Angela Eason had visited Brenda Odoms’ tidy mobile home before. It was a place where Odoms, who had many tragedies in her …

28 07, 2023

NAIC Releases Highly-Anticipated Draft Model Bulletin on Insurers’ AI Use

By | July 28th, 2023|Uncategorized|Comments Off on NAIC Releases Highly-Anticipated Draft Model Bulletin on Insurers’ AI Use

On July 17, 2023, the Innovation, Cybersecurity and Technology (H) Committee of the National Association of Insurance Commissioners (NAIC) released for comment a highly anticipated model bulletin (Model Bulletin) on regulatory expectations for the use of artificial intelligence systems (AI …

31 07, 2023

SC Judge OKs $15M Insurance Payout for Store that Sold Beer to Underage Murdaugh

By | July 31st, 2023|Uncategorized|Comments Off on SC Judge OKs $15M Insurance Payout for Store that Sold Beer to Underage Murdaugh

A South Carolina judge A judge has signed off on a $15.5 million settlement for the family of Mallory Beach, the 19-year-old girl who died in a 2019 boat crash that is believed to have set in motion the downfall …

28 07, 2023

Typhoon Doksuri Destroys Power Lines, Closes Factories as It Rips Into China

By | July 28th, 2023|Uncategorized|Comments Off on Typhoon Doksuri Destroys Power Lines, Closes Factories as It Rips Into China

Typhoon Doksuri swept into China’s southeastern Fujian province on Friday, unleashing heavy rain and violent gusts of wind that whipped power lines sparking fires, uprooted trees and forced factories and shopping malls to shut. The second strongest typhoon to land …

31 07, 2023

J&J Effort to Resolve Talc Lawsuits in Bankruptcy Fails a Second Time

By | July 31st, 2023|Uncategorized|Comments Off on J&J Effort to Resolve Talc Lawsuits in Bankruptcy Fails a Second Time

A U.S. judge on Friday shot down Johnson & Johnson’s second attempt to resolve tens of thousands of lawsuits over its talc products in bankruptcy, imperiling a proposed $8.9 billion settlement that would stop new lawsuits from being filed. U.S. …

28 07, 2023

As E-Bikes Proliferate, So Do Deadly Fires Blamed on Exploding Batteries

By | July 28th, 2023|Uncategorized|Comments Off on As E-Bikes Proliferate, So Do Deadly Fires Blamed on Exploding Batteries

The explosion early on a June morning ignited a blaze that engulfed a New York City shop filled with motorized bicycles and their volatile lithium-ion batteries. Billowing smoke quickly killed four people asleep in apartments above the burning store. As …