News Archives - Insurance Journal

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30 08, 2024

Salvage of Stricken Oil Tanker in Red Sea Expected in Coming Days, Sources Say

By | August 30th, 2024|Uncategorized|Comments Off on Salvage of Stricken Oil Tanker in Red Sea Expected in Coming Days, Sources Say

A salvage operation to recover a Greek registered oil tanker stranded in the Red Sea after an attack by Houthi militants is expected to start in the coming days, two sources with knowledge of the matter said on Friday. What …

30 08, 2024

Invisalign Maker Reaches $27.5M Settlement of Consumer Antitrust Lawsuit

By | August 30th, 2024|Uncategorized|Comments Off on Invisalign Maker Reaches $27.5M Settlement of Consumer Antitrust Lawsuit

Align Technology, the maker of Invisalign clear teeth aligners, agreed to pay $27.5 million to settle a lawsuit claiming it entered an illegal antitrust conspiracy that drove up prices of aligners made by rival SmileDirectClub. The settlement would cover nearly …

30 08, 2024

Railway Worker’s Death in Ohio Prompts Concerns Over Remote Control Trains

By | August 30th, 2024|Uncategorized|Comments Off on Railway Worker’s Death in Ohio Prompts Concerns Over Remote Control Trains

The CSX worker who discovered his friend run over by a pair of remote-control locomotives in a railyard last year sees a simple solution to preventing similar deaths in the future: two-person crews. But that idea won’t be popular with …

30 08, 2024

Australia’s Agile Launches New Zealand Unit to Support Its New Lloyd’s Syndicate

By | August 30th, 2024|Uncategorized|Comments Off on Australia’s Agile Launches New Zealand Unit to Support Its New Lloyd’s Syndicate

Agile Underwriting Services, the Sydney, Australia-based insurtech, managing general agent, and Lloyd’s coverholder, has launched a unit in New Zealand, which Agile described as the first of its kind for a Lloyd’s syndicate. The establishment of Agile Insurance Group NZ …

30 08, 2024

CrowdStrike VP Set to Testify to Congress on IT Outage

By | August 30th, 2024|Uncategorized|Comments Off on CrowdStrike VP Set to Testify to Congress on IT Outage

A senior member of CrowdStrike Holdings Inc.’s operations team is scheduled to appear before Congress to answer questions on the company’s global IT outage in July that disrupted industries around the world. In an advisory set to publish Friday, the …

30 08, 2024

Severe Storms Leave Over 300K Michigan Homes and Businesses Without Power

By | August 30th, 2024|Uncategorized|Comments Off on Severe Storms Leave Over 300K Michigan Homes and Businesses Without Power

ROYAL OAK, Mich. (AP) — Crews for two of Michigan’s largest utilities were working to restore power Wednesday to more than 300,000 homes and businesses left in the dark amid hot, muggy conditions after severe storms toppled trees and snapped …

30 08, 2024

Climate Change Intensified Typhoon Shanshan, Study Says

By | August 30th, 2024|Uncategorized|Comments Off on Climate Change Intensified Typhoon Shanshan, Study Says

Typhoon Shanshan, which struck southern Japan this week with heavy rain and strong winds, was likely intensified by climate change, according to a study from Imperial College London. Researchers with the university teased out the contribution of global warming to …

30 08, 2024

Northwestern University Cheerleader Drops Sexual Harassment Lawsuit

By | August 30th, 2024|Uncategorized|Comments Off on Northwestern University Cheerleader Drops Sexual Harassment Lawsuit

EVANSTON, Ill. (AP) — A cheerleader has dropped her federal sexual harassment lawsuit against Northwestern University. Hayden Richardson filed the lawsuit in the Northern District of Illinois in January 2021 alleging drunken fans and alumni groped her at school-sanctioned events …

30 08, 2024

4 Killed, 10 Injured When Passenger Van Rolls Over in Texas Highway Crash

By | August 30th, 2024|Uncategorized|Comments Off on 4 Killed, 10 Injured When Passenger Van Rolls Over in Texas Highway Crash

ALVORD, Texas (AP) — Four people were killed and 10 were injured when a van rolled multiple times after the driver veered off a Texas highway and then overcorrected Wednesday, authorities said. The crash happened just before 8 a.m. on …

30 08, 2024

Specialist Risk Group Acquires Renewal Rights of London-Based Taxi Insurance Broker

By | August 30th, 2024|Uncategorized|Comments Off on Specialist Risk Group Acquires Renewal Rights of London-Based Taxi Insurance Broker

Specialist Risk Group (SRG) announced the acquisition of the ongoing renewal rights of Morton Insurance Brokers, a specialist in private hire and taxi insurance across the UK since 1987. Financial details of the transaction were not disclosed. The acquisition strengthens …