News Archives - Insurance Journal

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2 09, 2022

1 Dead After Seniors in California Served Dishwashing Liquid At Home

By | September 2nd, 2022|Uncategorized|Comments Off on 1 Dead After Seniors in California Served Dishwashing Liquid At Home

A resident of a San Francisco Bay Area senior citizens home died after being mistakenly served dishwashing liquid as drinking juice, the home said. Three residents of Atria Park Senior Living Facility in San Mateo, about 20 miles (32 kilometers) …

2 09, 2022

Low Rate of Flood Insurance Cover Spells Danger as Climate Crisis Deepens

By | September 2nd, 2022|Uncategorized|Comments Off on Low Rate of Flood Insurance Cover Spells Danger as Climate Crisis Deepens

Insured losses from floods doubled to $80 billion globally during 2011-2020 compared to the previous decade, while insurance penetration lingered at just 18%, according to Swiss Re Institute’s economic insights report focused on floods. Climate change has led to an …

2 09, 2022

Paper Finds Employers Increasingly Willing to Hire Workers With Criminal Records

By | September 2nd, 2022|Uncategorized|Comments Off on Paper Finds Employers Increasingly Willing to Hire Workers With Criminal Records

Newswise — A new paper in The Quarterly Journal of Economics, published by Oxford University Press, indicates that many American businesses are willing to hire workers with criminal records. Such companies become even more interested in hiring such workers if …

2 09, 2022

US Asks Farmers: Can You Plant 2 Crops Instead of 1?

By | September 2nd, 2022|Uncategorized|Comments Off on US Asks Farmers: Can You Plant 2 Crops Instead of 1?

There is only so much farmland in the United States, so when Russia’s invasion of Ukraine last spring prompted worries that people would go hungry as wheat remained stuck in blockaded ports, there was little U.S. farmers could do to …

2 09, 2022

It’s Over: Lasting Underwriting Profits in U.S. D&O Market Unlikely, Fitch Says

By | September 2nd, 2022|Uncategorized|Comments Off on It’s Over: Lasting Underwriting Profits in U.S. D&O Market Unlikely, Fitch Says

Three years of soaring directors and officers liability insurance prices pushed combined ratios down to the mid-to-high 90s, but new entrants and potential claims volatility may spell trouble for underwriters in the years ahead. Updating an earlier report on the …

2 09, 2022

Slain Marine’s Family Refiles $25M Defamation Suit Against Alec Baldwin

By | September 2nd, 2022|Uncategorized|Comments Off on Slain Marine’s Family Refiles $25M Defamation Suit Against Alec Baldwin

The family of a Marine killed in Afghanistan has revived a defamation lawsuit against Alec Baldwin over comments the actor made online. The sisters and widow of Lance Cpl. Rylee McCollum allege Baldwin subjected them to online threats and harassment …

2 09, 2022

New York Sets ‘Gun Free Zones’ to Restrict Guns; Regulates Concealed Carry Permits

By | September 2nd, 2022|Uncategorized|Comments Off on New York Sets ‘Gun Free Zones’ to Restrict Guns; Regulates Concealed Carry Permits

Amid the bright lights and electronic billboards across New York’s Times Square, city authorities are posting new signs proclaiming the bustling crossroads a “Gun Free Zone.” The sprawling Manhattan tourist attraction is one of scores of “sensitive” places — including …

2 09, 2022

G7 Expected to Advance Russia Oil Price Cap Plans With Insurance Playing Key Role

By | September 2nd, 2022|Uncategorized|Comments Off on G7 Expected to Advance Russia Oil Price Cap Plans With Insurance Playing Key Role

Group of Seven finance ministers are expected to firm up plans on Friday to impose a price cap on Russian oil aimed at slashing revenues for Moscow’s war in Ukraine but keeping crude flowing to avoid price spikes, G7 officials …

2 09, 2022

Marsh McLennan Acquires South Carolina Agency

By | September 2nd, 2022|Uncategorized|Comments Off on Marsh McLennan Acquires South Carolina Agency

Marsh McLennan Agency, a subsidiary of Marsh, has acquired Steinberg & Associates, an independent agency based in Spartanburg, South Carolina. Steinberg, founded in 1969, offers employee health and benefits, estate planning and other services to businesses and residents in the …

2 09, 2022

Cyber Attacks on Western European Firms on the Rise Since Ukraine War: Italy Minister

By | September 2nd, 2022|Uncategorized|Comments Off on Cyber Attacks on Western European Firms on the Rise Since Ukraine War: Italy Minister

Italy’s foreign minister said cyber attacks on western European companies have risen following the Russian invasion of Ukraine, as Rome deals with the fallout from hacker actions targeting energy companies earlier this week. The minister, Luigi Di Maio, said on …