News Archives - Insurance Journal

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4 11, 2022

Hurricane Ian Wrecked Man-Made Reefs, Brings Algae Bloom to Florida

By | November 4th, 2022|Uncategorized|Comments Off on Hurricane Ian Wrecked Man-Made Reefs, Brings Algae Bloom to Florida

Hurricane Ian not only ravaged southwest Florida on land but was destructive underwater as well. It destroyed man-made reefs and brought along red tide, the harmful algae blooms that kill fish and birds, according to marine researchers who returned last …

23 11, 2022

New York Expects Lifting of Deadline to Bring Wave of Claims by Adult Sex Abuse Survivors

By | November 23rd, 2022|Uncategorized|Comments Off on New York Expects Lifting of Deadline to Bring Wave of Claims by Adult Sex Abuse Survivors

Sexual assault victims in New York will get a one-time opportunity to sue over their abuse starting Thursday, under a new law expected to bring a wave of allegations against prison guards, middle managers, doctors and a few prominent figures …

4 11, 2022

Twitter Sued for Mass Layoffs by Musk Without Enough Notice

By | November 4th, 2022|Uncategorized|Comments Off on Twitter Sued for Mass Layoffs by Musk Without Enough Notice

Twitter Inc. was sued over Elon Musk’s plan to eliminate about 3,700 jobs at the social-media platform, which workers say the company is doing without enough notice in violation of federal and California law. A class-action lawsuit was filed Thursday …

4 11, 2022

AmTrust Acquires Surety MGA CMGIA in California

By | November 4th, 2022|Uncategorized|Comments Off on AmTrust Acquires Surety MGA CMGIA in California

AmTrust Financial Services Inc. acquired Contractor Managing General Insurance Agency Inc. in California. CMGIA will offer surety bonds to small to mid-size contractors across 50 states. The company is led by Stephanie Shear, a surety underwriter with more 40 years …

23 11, 2022

Indonesia Earthquake Kills 268 Amid Collapsed Homes, Landslides

By | November 23rd, 2022|Uncategorized|Comments Off on Indonesia Earthquake Kills 268 Amid Collapsed Homes, Landslides

A quake in Indonesia killed at least 268 people as the search continues for victims amid landslides and collapsed buildings. The 5.6-magnitude earthquake that struck West Java on Monday damaged more than 20,000 homes, leaving thousands injured and hundreds still …

4 11, 2022

Colorado Man Gets $7M Settlement in Stun Gun Case

By | November 4th, 2022|Uncategorized|Comments Off on Colorado Man Gets $7M Settlement in Stun Gun Case

The Colorado city of Idaho Springs said it has agreed to pay $7 million to a 75-year-old man who said an officer used a stun gun on him without warning and dragged him from his apartment after a dispute with …

23 11, 2022

Australia’s Extreme Weather Events to Worsen as Climate Warms: Report

By | November 23rd, 2022|Uncategorized|Comments Off on Australia’s Extreme Weather Events to Worsen as Climate Warms: Report

Australia will experience an increase in extreme heat, intense rainfall and coral-bleaching events, as well as longer fire seasons and more rapidly rising sea levels, according to the government’s chief science and weather agencies. In a dire report released Wednesday …

4 11, 2022

North Carolina Rate Bureau Wants 87% Hike in Mobile Home Rates over 2 Years

By | November 4th, 2022|Uncategorized|Comments Off on North Carolina Rate Bureau Wants 87% Hike in Mobile Home Rates over 2 Years

The North Carolina Rate Bureau is requesting an average 87.5% increase in insurance rates for mobile home fire policies over the next two years, and a 53.4% increase in casualty policies. The rate requests may seem large, but they are …

4 11, 2022

Chubb, Hudson Upheld in Denying Insurance to Couple Accused of Delaying Son’s Murder Case

By | November 4th, 2022|Uncategorized|Comments Off on Chubb, Hudson Upheld in Denying Insurance to Couple Accused of Delaying Son’s Murder Case

Pennsylvania parents who are alleged to have found but not turned over to authorities a gun believed used by their son to murder a friend are not entitled to insurance for their defense against emotional distress claims brought by the …

4 11, 2022

Louisiana Train Derailment, Acid Leak Prompts Evacuations

By | November 4th, 2022|Uncategorized|Comments Off on Louisiana Train Derailment, Acid Leak Prompts Evacuations

The derailment of six train cars and a subsequent acid leak prompted road closures and evacuations Wednesday in a Louisiana community, officials said. No injuries were reported in the derailment in the community of Paulina in St. James Parish, about …