News Archives - Insurance Journal

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11 05, 2022

Ohio Judge to Determine How Much Pharmacies Owe Over Opioid Crisis

By | May 11th, 2022|Uncategorized|Comments Off on Ohio Judge to Determine How Much Pharmacies Owe Over Opioid Crisis

How much money should CVS, Walgreens and Walmart pharmacies pay two Ohio counties in damages to help abate the effects of the opioid crisis? That’s the question in front of a federal judge in Cleveland, who began hearing testimony on …

11 05, 2022

Day Camp Operator Suit in Massachusetts Blames Benjamin Moore Stain for Fire

By | May 11th, 2022|Uncategorized|Comments Off on Day Camp Operator Suit in Massachusetts Blames Benjamin Moore Stain for Fire

A company that runs a day camp for kids in Massachusetts is blaming Benjamin Moore for a fire on its property, alleging that the manufacturer’s stain products caused materials to combust. According to the complaint filed in federal court in …

11 05, 2022

BXS Insurance Acquires Texas’ Wall 2 Wall

By | May 11th, 2022|Uncategorized|Comments Off on BXS Insurance Acquires Texas’ Wall 2 Wall

BXS Insurance, Inc. (BXSI), a subsidiary of Cadence Bank acquired the assets of Wall 2 Wall Benefit Services (Wall 2 Wall) which is headquartered in Stafford, Texas, a city within the Houston metropolitan statistical area. Wall 2 Wall, founded by …

10 05, 2022

Multiple Marine Insurance Claims Expected From War in Ukraine: Allianz

By | May 10th, 2022|Uncategorized|Comments Off on Multiple Marine Insurance Claims Expected From War in Ukraine: Allianz

Global insurers are expected to receive multiple marine insurance claims from ships damaged or lost as the conflict in Ukraine spills over into sea lanes, insurer Allianz Global Corporate & Specialty (AGCS) said in a report on Tuesday. Two seafarers …

10 05, 2022

Paris Trial Begins for 2009 Plane Crash That Killed 152 People, Left 1 Survivor

By | May 10th, 2022|Uncategorized|Comments Off on Paris Trial Begins for 2009 Plane Crash That Killed 152 People, Left 1 Survivor

PARIS (AP) – The lone survivor of a 2009 plane crash that killed 152 other people was expected to attend the trial of Yemen’s main airline which opened Monday in Paris. At just 12 years old, Bahia Bakari clung to …

10 05, 2022

Content Moderator in Kenya Sues Facebook Owner Meta Over Working Conditions

By | May 10th, 2022|Uncategorized|Comments Off on Content Moderator in Kenya Sues Facebook Owner Meta Over Working Conditions

A former moderator working for Facebook owner Meta Platforms Inc. on Tuesday filed a lawsuit alleging that poor working conditions for contracted content moderators violate the Kenyan constitution. The petition, also filed against Meta’s local outsourcing company Sama, alleges that …

10 05, 2022

Britain Aims to Bolster Competitiveness in Financial Services With Nimbler Regulation

By | May 10th, 2022|Uncategorized|Comments Off on Britain Aims to Bolster Competitiveness in Financial Services With Nimbler Regulation

Britain said on Tuesday it will require its regulators to help the City of London remain a globally competitive financial center after being largely cut off from the European Union due to Brexit. The government outlined planned legislation marking the …

10 05, 2022

Global Banks Flee the Monster SPAC Market They Helped Create

By | May 10th, 2022|Uncategorized|Comments Off on Global Banks Flee the Monster SPAC Market They Helped Create

Just a few years after banks helped create a gargantuan market for blank-check companies, they’re pulling away from the deals, afraid of the risks. Goldman Sachs Group Inc. is ending its involvement with most of the special purpose acquisition companies …

10 05, 2022

UK’s Terrorism Reinsurer Pool Re to Reduce Reinsurance Pricing for Insurers

By | May 10th, 2022|Uncategorized|Comments Off on UK’s Terrorism Reinsurer Pool Re to Reduce Reinsurance Pricing for Insurers

Pool Re, Britain’s leading terrorism reinsurer, announced the most significant reduction in its reinsurance pricing in 20 years. The reduction, which will come into effect in October 2022, will vary according to geographical location. Pool Re aims to enable the …

10 05, 2022

Tesla Recalls 130,000 Vehicles Over Touchscreen Display Malfunction

By | May 10th, 2022|Uncategorized|Comments Off on Tesla Recalls 130,000 Vehicles Over Touchscreen Display Malfunction

Tesla Inc. is recalling about 130,000 vehicles in the United States following an overheating issue that may cause the center touchscreen display to malfunction, the National Highway Traffic Safety Administration (NHTSA) said on Tuesday. The recall covers Tesla’s S and …