News Archives - Insurance Journal

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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 …

23 02, 2022

IMF Warns Britain About Relaxing High Regulatory Standards for Insurers, Banks

By | February 23rd, 2022|Uncategorized|Comments Off on IMF Warns Britain About Relaxing High Regulatory Standards for Insurers, Banks

A push to make London more attractive as a global financial center after Brexit must not threaten high standards of solvency and behavior at banks, insurers and markets, the International Monetary Fund said on Wednesday. The IMF said in its …

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, …

23 02, 2022

Virginia Lawsuit Blames Amazon Demands on Delivery Drivers for Crash

By | February 23rd, 2022|Uncategorized|Comments Off on Virginia Lawsuit Blames Amazon Demands on Delivery Drivers for Crash

A North Carolina motorcyclist who lost a leg after a collision with an Amazon delivery truck has filed a lawsuit arguing that unrealistic expectations for the tech giant’s delivery drivers have led to negligence. According to his lawsuit, filed in …

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 …