News Archives - Insurance Journal

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1 07, 2022

Grocery Chain Wegmans Settles with New York Over Data Breach

By | July 1st, 2022|Uncategorized|Comments Off on Grocery Chain Wegmans Settles with New York Over Data Breach

The supermarket chain Wegmans agreed to pay $400,000 and upgrade its security practices over a data breach that exposed personal information of more than 3 million consumers nationwide, New York Attorney General Letitia James said on Thursday. Wegmans was accused …

1 07, 2022

Midyear Prop-Catastrophe Reinsurance Capacity Down for 1st Time in Decades: Aon

By | July 1st, 2022|Uncategorized|Comments Off on Midyear Prop-Catastrophe Reinsurance Capacity Down for 1st Time in Decades: Aon

For the first time since the devastating U.S. hurricanes of 2004 and 2005, property-catastrophe capacity contracted during the June/July reinsurance renewal period, Aon said in a new report released yesterday. While the reinsurance market remained stable on the casualty side, …

1 07, 2022

Climate Change Driving Extreme Heat and Flooding in 2022: Report

By | July 1st, 2022|Uncategorized|Comments Off on Climate Change Driving Extreme Heat and Flooding in 2022: Report

Extreme weather events – from scorching heatwaves to unusually heavy downpours – have caused widespread upheaval across the globe this year, with thousands of people killed and millions more displaced. In the last three months, monsoon rains unleashed disastrous flooding …

1 07, 2022

Florida Property Reinsurance Premiums Rise by as Much as 50%: Gallagher Re

By | July 1st, 2022|Uncategorized|Comments Off on Florida Property Reinsurance Premiums Rise by as Much as 50%: Gallagher Re

Property reinsurance rates rose by as much as 50% in Florida at July 1 renewals and by up to 40% in the United States overall, reinsurance broker Gallagher Re said on Friday, as reinsurers grappled with higher inflation and natural …

1 07, 2022

Supreme Court: Vet Who Lost Job as Texas Trooper Can Sue State

By | July 1st, 2022|Uncategorized|Comments Off on Supreme Court: Vet Who Lost Job as Texas Trooper Can Sue State

The Supreme Court on Wednesday allowed a former state trooper to sue Texas over his claim that he was forced out of his job when he returned from Army service in Iraq. The justices ruled for Army veteran Le Roy …

1 07, 2022

Supreme Court Declines to Hear New York Vaccine Mandate for Health Workers

By | July 1st, 2022|Uncategorized|Comments Off on Supreme Court Declines to Hear New York Vaccine Mandate for Health Workers

The Supreme Court declined on Thursday to take up a case involving a COVID-19 vaccine requirement for health care workers in New York that does not offer an exemption for religious reasons. The court’s action follows a decision in December …

1 07, 2022

UFC Star Charged in Shooting Sues California Day Care Owners over Alleged Molesting

By | July 1st, 2022|Uncategorized|Comments Off on UFC Star Charged in Shooting Sues California Day Care Owners over Alleged Molesting

Cain Velasquez, the former UFC heavyweight champion accused of trying to kill the man he claims molested his 4-year-old son, is suing the man and his family who own a day care where the alleged molestation occurred. Velasquez was arrested …

1 07, 2022

Tropical Storm Bonnie Forms Near Nicaragua in Caribbean

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Tropical Storm Bonnie formed in the Caribbean east of Nicaragua, a dangerous system that threatens a potential humanitarian crisis but isn’t a major threat to oil and gas production in the Gulf of Mexico. With winds of 40 miles (64 …

1 07, 2022

North Carolina Assembly Sends Rental Home Elevator Safety Bill to Governor

By | July 1st, 2022|Uncategorized|Comments Off on North Carolina Assembly Sends Rental Home Elevator Safety Bill to Governor

Safety improvement requirements to prevent injury or death from elevators inside North Carolina vacation cottages and short-term rentals received final legislative approval on Wednesday. The House voted unanimously to accept a version of legislation passed in the Senate last week …

1 07, 2022

New NHTSA Chief: Agency to Scrutinize Auto-Driver Technology

By | July 1st, 2022|Uncategorized|Comments Off on New NHTSA Chief: Agency to Scrutinize Auto-Driver Technology

The new head of the government’s road safety agency says it will intensify efforts to understand the risks posed by automated vehicle technology, so it can decide what regulations may be necessary to protect drivers, passengers and pedestrians. In an …