News Archives - Insurance Journal

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20 12, 2024

Self-Proclaimed Bitcoin Inventor Found in Contempt of Court After Lawsuit Loss

By | December 20th, 2024|Uncategorized|Comments Off on Self-Proclaimed Bitcoin Inventor Found in Contempt of Court After Lawsuit Loss

A computer scientist who falsely claims to be the inventor of Bitcoin was handed a suspended prison termafter being found in contemptof court by a London judge after a stinging lawsuit loss. The Cryptocurrency Open Patent Alliance, a nonprofit cryptocurrency …

20 12, 2024

Palm Beach Revolt Forces Sylvester Stallone to Abandon Mansion Sea Barrier

By | December 20th, 2024|Uncategorized|Comments Off on Palm Beach Revolt Forces Sylvester Stallone to Abandon Mansion Sea Barrier

In his movies, Sylvester Stallone has taken on drug cartels, Soviet troops and boxer Apollo Creed. But in real life, he had to beat a retreat against the Palm Beach Town Council. The movie star appeared Thursday before the council …

20 12, 2024

Ships Canceled, Smelter Hit As Mozambique Braces for More Post-Election Disruption

By | December 20th, 2024|Uncategorized|Comments Off on Ships Canceled, Smelter Hit As Mozambique Braces for More Post-Election Disruption

Post-election protests rocking Mozambique since late October have interrupted trade and hampered a major aluminum smelter, with the southeast African nation braced for more disruption next week. The Constitutional Council is set to validate the disputed vote by Dec. 23 …

20 12, 2024

Cleveland Clinic Plans New Hospital, Larger Outpatient Center in South Florida

By | December 20th, 2024|Uncategorized|Comments Off on Cleveland Clinic Plans New Hospital, Larger Outpatient Center in South Florida

The Cleveland Clinic, a health care system with hospitals and clinics around the world, said it plans to build a 150-bed hospital in the Palm Beach area and will quadruple the size of an outpatient clinic there. Cleveland has operated …

20 12, 2024

Safeco to Stop Writing New Condo and Renter Policies in California

By | December 20th, 2024|Uncategorized|Comments Off on Safeco to Stop Writing New Condo and Renter Policies in California

It appears another insurance carrier is turning sour on wildfire-prone California. Safeco, a Liberty subsidiary, is preparing to stop writing new condo and rental policies in California at the beginning of next year. Liberty stopped writing new condo or rental …

20 12, 2024

Liberty Mutual Weighs Sale of Thailand, Vietnam Assets

By | December 20th, 2024|Uncategorized|Comments Off on Liberty Mutual Weighs Sale of Thailand, Vietnam Assets

Liberty Mutual Holding Co. is considering a sale of its businesses in Thailand and Vietnam as the US insurer seeks to streamline its operations, according to people familiar with the matter. Liberty Mutual is working with a financial adviser on …

20 12, 2024

Tesla Recalls Nearly 700,000 Vehicles in Over Tire Pressure Monitoring Issue

By | December 20th, 2024|Uncategorized|Comments Off on Tesla Recalls Nearly 700,000 Vehicles in Over Tire Pressure Monitoring Issue

Tesla said on Friday it was recalling 694,304 vehicles in the United States over an issue with the tire pressure monitoring system (TPMS). The TPMS warning light may not remain illuminated between drive cycles, failing to warn the driver of …

20 12, 2024

Swiss Re’s Business Unit CEOs Share Views on Key Risk Themes of 2025

By | December 20th, 2024|Uncategorized|Comments Off on Swiss Re’s Business Unit CEOs Share Views on Key Risk Themes of 2025

Social inflation will continue to be a top concern for insurers and reinsurers in 2025 with US liability claims increasing by 57% during the past decade and nuclear verdicts rising in frequency, said Swiss Re, pointing to jury awards above …

20 12, 2024

Chicago Restaurant Owners to Pay $125K in Overtime Back Wages

By | December 20th, 2024|Uncategorized|Comments Off on Chicago Restaurant Owners to Pay $125K in Overtime Back Wages

The U.S. Department of Labor obtained a consent judgment and order in the U.S. District Court for the Northern District of Illinois on Dec. 2, 2024, that requires D’Nuez Corp. and owners Antonio Rendon and Albino Rendon – operators of …

20 12, 2024

Global Warming Can’t Be Ignored, Montana’s Top Court Says, Upholding Landmark Climate Case

By | December 20th, 2024|Uncategorized|Comments Off on Global Warming Can’t Be Ignored, Montana’s Top Court Says, Upholding Landmark Climate Case

Montana’s Supreme Court upheld a landmark climate ruling that said the state was violating residents’ constitutional right to a clean environment by permitting oil, gas and coal projects without regard for global warming. The justices, in a 6-1 ruling, rejected …