News Archives - Insurance Journal

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28 06, 2022

UK Home Insurer Policy Expert Considers £1 Billion Sale

By | June 28th, 2022|Uncategorized|Comments Off on UK Home Insurer Policy Expert Considers £1 Billion Sale

UK home insurer Policy Expert’s owner is considering a potential sale that could raise as much as £1 billion ($1.2 billion), people with knowledge of the matter said. Investment firm Primary Group Ltd. is working with advisory firm Perella Weinberg …

27 06, 2022

Lawsuit Filed Over Fatal Shooting of Arkansas Teen

By | June 27th, 2022|Uncategorized|Comments Off on Lawsuit Filed Over Fatal Shooting of Arkansas Teen

The family of an unarmed Arkansas teenager fatally shot by a sheriff’s deputy during a traffic stop filed a federal lawsuit Thursday against the deputy and a county sheriff over the teen’s death. The family of Hunter Brittain filed the …

28 06, 2022

Seven Taiwanese Insurers Have Not Received Russian Eurobond Payments: Regulator

By | June 28th, 2022|Uncategorized|Comments Off on Seven Taiwanese Insurers Have Not Received Russian Eurobond Payments: Regulator

Taiwan’s financial regulator said on Tuesday that seven Taiwanese insurance companies have not received interest due on May 27 on Russian Eurobonds after a grace period ended on Sunday evening. Russia defaulted on its international bonds for the first time …

27 06, 2022

Louisiana Launches $463M Project to Elevate Hurricane Evacuation Route

By | June 27th, 2022|Uncategorized|Comments Off on Louisiana Launches $463M Project to Elevate Hurricane Evacuation Route

Louisiana state leaders have broken ground for a $463 million project that will elevate 8.3 miles of La. 1, one of the state’s hurricane evacuation routes. The groundbreaking held Friday is for work that will be done between Golden Meadow …

28 06, 2022

China Launches Disaster Insurance Trials in 6 Cities Affected by Floods in 2021

By | June 28th, 2022|Uncategorized|Comments Off on China Launches Disaster Insurance Trials in 6 Cities Affected by Floods in 2021

China’s third-most populous province Henan will launch pilot programs for catastrophe insurance in six cities that were the hardest hit by historic floods last summer. Aside from its capital Zhengzhou, trials are to be set up in the cities Anyang, …

27 06, 2022

U.S. Supreme Court Again Nixes Bayer Challenge to Weedkiller Suits

By | June 27th, 2022|Uncategorized|Comments Off on U.S. Supreme Court Again Nixes Bayer Challenge to Weedkiller Suits

The U.S. Supreme Court on Monday rejected another Bayer AG bid to dismiss litigation alleging that its Roundup weedkiller causes cancer as the German pharmaceutical and chemical giant tries to avoid potentially billions of dollars in damages. The justices turned …

28 06, 2022

Names Released in WV Crash That Killed Six on Helicopter’s Last Flight

By | June 28th, 2022|Uncategorized|Comments Off on Names Released in WV Crash That Killed Six on Helicopter’s Last Flight

Medical examiners in West Virginia have released the names of six people killed in the crash of a Vietnam-era helicopter that gave tour rides. The aircraft crashed Wednesday during its last planned flight at an annual reunion for helicopter enthusiasts …

27 06, 2022

Business Moves: Sandbox Invests in Florida Insurance Data Firm Confianza

By | June 27th, 2022|Uncategorized|Comments Off on Business Moves: Sandbox Invests in Florida Insurance Data Firm Confianza

Florida-based Confianza Inc., which provides data analytics and machine learning to insurance agents, announced that it had closed its round of seed funding, with most of the capital coming from Sandbox Insurtech Ventures. The company, co-founded in 2020 by Jeffrey …

27 06, 2022

Medical Society Accuses Insurers of Using ‘Junk Science’ to Deny Covid Business Claims

By | June 27th, 2022|Uncategorized|Comments Off on Medical Society Accuses Insurers of Using ‘Junk Science’ to Deny Covid Business Claims

The medical profession in New Hampshire is accusing the insurance industry of using “junk science” in justifying its denials of Covid-related business insurance claims. In an amicus brief in a case between a hotel chain and eight insurers, the New …

27 06, 2022

Supreme Court Backs Football Coach Fired After Praying on the Field

By | June 27th, 2022|Uncategorized|Comments Off on Supreme Court Backs Football Coach Fired After Praying on the Field

A divided US Supreme Court ruled in favor of a high school football coach who lost his job for conducting post-game prayers on the 50-yard line in a decision that buttresses religious rights and reduces the authority of public-school officials …