News Archives - Insurance Journal

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25 02, 2022

Crews Continue Cleanup of Diesel Spill in Southern Indiana

By | February 25th, 2022|Uncategorized|Comments Off on Crews Continue Cleanup of Diesel Spill in Southern Indiana

Cleanup work is continuing along a southern Indiana stream, nearly two weeks after a diesel spill that originated at a gas station left the waterway with an oily sheen. The spill produced about 6.5 miles (10.5 kilometers) of petroleum sheening …

25 02, 2022

Global Aviation Industry Assesses Growing Risks of Doing Business With Russia

By | February 25th, 2022|Uncategorized|Comments Off on Global Aviation Industry Assesses Growing Risks of Doing Business With Russia

The fallout to the global aviation industry from Russia’s invasion of Ukraine is spreading beyond the airspace closings over the conflict zone as airlines, lessors and manufacturers face up to growing risks of doing business with Russia. Alaska’s Anchorage Airport, …

25 02, 2022

Global Firms Shut Ukraine Operations, as They Weigh Impact of Sanctions on Russia

By | February 25th, 2022|Uncategorized|Comments Off on Global Firms Shut Ukraine Operations, as They Weigh Impact of Sanctions on Russia

Brewer Carlsberg, Japan Tobacco and a Coca-Cola bottler were among firms shutting factories in Ukraine on Thursday following Russia’s invasion, while UPS and FedEx Corp. suspended services in and out of the country. Ukraine closed its airspace as Russian forces …

25 02, 2022

W. R. Berkley Corp. Agrees to Sell London Building Known as ‘The Scalpel’ for £718M

By | February 25th, 2022|Uncategorized|Comments Off on W. R. Berkley Corp. Agrees to Sell London Building Known as ‘The Scalpel’ for £718M

W. R. Berkley Corp. announced it has agreed to sell a London real estate investment consisting of an office building at 52 Lime Street (also known as “The Scalpel”) for £718 million ($964.1 million), subject to agreed upon adjustments. The …

25 02, 2022

Palin Wants New Trial With Different Judge in New York Times Defamation Lawsuit

By | February 25th, 2022|Uncategorized|Comments Off on Palin Wants New Trial With Different Judge in New York Times Defamation Lawsuit

A Manhattan judge said Wednesday that lawyers for Former Alaska Gov. Sarah Palin are seeking a new trial on her defamation claims against The New York Times, along with his removal from the case. U.S. District Judge Jed S. Rakoff …

25 02, 2022

Maine Senate Advances Equal Rights Amendment

By | February 25th, 2022|Uncategorized|Comments Off on Maine Senate Advances Equal Rights Amendment

Maine’s Senate voted Wednesday to advance a proposed amendment to the state Constitution that would prohibit discrimination based on gender, although it will require further votes. The 22-12 vote keeps the proposal moving but fell short of a two-thirds majority …

25 02, 2022

Drug Distributors, J&J Agree to Finalize $26 Billion Opioid Settlement

By | February 25th, 2022|Uncategorized|Comments Off on Drug Distributors, J&J Agree to Finalize $26 Billion Opioid Settlement

The three largest U.S. drug distributors and drugmaker Johnson & Johnson have agreed to finalize a proposed $26 billion settlement resolving claims by states and local governments that they helped fuel the U.S. opioid epidemic. Distributors McKesson Corp., AmerisourceBergen Corp., …

25 02, 2022

Canada’s Trucker Protests Cost Businesses Tens of Millions in Lost Sales

By | February 25th, 2022|Uncategorized|Comments Off on Canada’s Trucker Protests Cost Businesses Tens of Millions in Lost Sales

A three-week long protest in Canada against pandemic measures that snarled trade and shuttered Ottawa’s core likely cost billions in trade delays, tens of millions in lost sales for businesses, and left behind a hefty policing and clean-up tab. Hundreds …

25 02, 2022

Hacking Risk Shadows U.S. Business as Russia Threatens Critics

By | February 25th, 2022|Uncategorized|Comments Off on Hacking Risk Shadows U.S. Business as Russia Threatens Critics

A swath of major American businesses — from major banks to utility companies — is preparing for possible cyberattacks against their computer networks as Russia on Thursday threatened “consequences” for nations that interfere with its invasion of Ukraine. Their concerns, …

25 02, 2022

Insurers Raise Costs of Shipping Through Black Sea for Vessels Still Willing to Sail

By | February 25th, 2022|Uncategorized|Comments Off on Insurers Raise Costs of Shipping Through Black Sea for Vessels Still Willing to Sail

Insurers have raised the cost of providing cover for merchant ships through the Black Sea, adding to soaring rates to transport goods through the region for vessels still willing to sail after Russia’s invasion of Ukraine. Ship owners pay annual …