News Archives - Insurance Journal

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23 08, 2022

Trucker Whose Dislodged Tire Killed Trooper Fined $15,000

By | August 23rd, 2022|Uncategorized|Comments Off on Trucker Whose Dislodged Tire Killed Trooper Fined $15,000

A truck driver who admitted responsibility in the death of a Maine state police detective who was struck by a dislodged tire has been ordered to pay $15,000 in fines. Scott Willett of Patten, will also have his driver’s license …

23 08, 2022

North Carolina Rate Bureau Wants 43% Hike in Dwelling Rates for 2023-24

By | August 23rd, 2022|Uncategorized|Comments Off on North Carolina Rate Bureau Wants 43% Hike in Dwelling Rates for 2023-24

The North Carolina Rate Bureau has recommended a statewide average increase of 42.6% over the next two years for dwelling property policies. The rate hikes would be an average of 19.6% for April 2023 and 19.2% for 2024, the bureau’s …

23 08, 2022

3M Awaits Bankruptcy Ruling That May Sink Litigation Tactic

By | August 23rd, 2022|Uncategorized|Comments Off on 3M Awaits Bankruptcy Ruling That May Sink Litigation Tactic

3M Co.’s attempt to block jury trials of more than 230,000 lawsuits accusing it of harming US soldiers faces a key test this week in front of a federal judge in Indianapolis. US Bankruptcy Judge Jeffrey J. Graham is set …

23 08, 2022

Lloyd’s Insurer Ascot, Marsh Provide Coverage for Grain Ship Sailing From Ukraine

By | August 23rd, 2022|Uncategorized|Comments Off on Lloyd’s Insurer Ascot, Marsh Provide Coverage for Grain Ship Sailing From Ukraine

Broker Marsh and Lloyd’s of London insurer Ascot said on Tuesday they have provided coverage for a vessel carrying grain and food products from Ukraine’s Black Sea ports under its new marine cargo and war insurance facility. Launched last month, …

23 08, 2022

PwC Sued by Auditor Over Head Injury Suffered During ‘Pub Golf’ Work Event

By | August 23rd, 2022|Uncategorized|Comments Off on PwC Sued by Auditor Over Head Injury Suffered During ‘Pub Golf’ Work Event

An auditor at PricewaterhouseCoopers LLP sued his employer over a serious head injury he suffered during a work event that “encouraged excessive consumption of alcohol.” Michael Brockie alleges in London suit that PwC failed to ensure his safety by allowing …

22 08, 2022

Ford Motor Hit With $1.7B Verdict for Fatal Rollover Accident: Lawyer

By | August 22nd, 2022|Uncategorized|Comments Off on Ford Motor Hit With $1.7B Verdict for Fatal Rollover Accident: Lawyer

Ford Motor Co. was told by a jury to pay more than $1.7 billion over a 2014 rollover accident that killed a Georgia couple, a lawyer for the family said. Jurors delivered their verdict on punitive damages Friday following a …

22 08, 2022

Marsh Launches 1st Dedicated Insurance for Hydrogen Energy Projects

By | August 22nd, 2022|Uncategorized|Comments Off on Marsh Launches 1st Dedicated Insurance for Hydrogen Energy Projects

Broker Marsh, a unit of Marsh & McLennan, said on Monday it was launching the world’s first dedicated insurance for hydrogen energy projects, as the nascent industry looks to scale up quickly in the fight against climate change. As the …

22 08, 2022

New Zealand Weighs Damage After Floods Batter South Island

By | August 22nd, 2022|Uncategorized|Comments Off on New Zealand Weighs Damage After Floods Batter South Island

New Zealand retained a state of emergency in parts of its flood-battered South Island on Sunday as authorities weighed damage in the region hardest hit by four days of torrential rain. Last week’s rains in northern and central areas forced …

22 08, 2022

Toyota’s Hino Suspends Small Truck Shipments as Data Falsification Scandal Deepens

By | August 22nd, 2022|Uncategorized|Comments Off on Toyota’s Hino Suspends Small Truck Shipments as Data Falsification Scandal Deepens

Japan’s Hino Motors will suspend shipments of small trucks after confirming that a widespread data falsification scandal included those models, it said on Monday, highlighting deepening problems at the Toyota Motor Corp. unit. Truck and bus maker Hino’s President Satoshi …

22 08, 2022

AM Best Places Credit Ratings of American Reliable in Arizona Under Review

By | August 22nd, 2022|Uncategorized|Comments Off on AM Best Places Credit Ratings of American Reliable in Arizona Under Review

AM Best has placed under review with negative implications the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “a” (Excellent) of American Reliable Insurance Co. in Scottsdale, Arizona. American Reliable is a …