News Archives - Insurance Journal

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20 06, 2024

Heat Wave Sweeps Across Midwest and Northeast, Bringing Safety Measures

By | June 20th, 2024|Uncategorized|Comments Off on Heat Wave Sweeps Across Midwest and Northeast, Bringing Safety Measures

TOLEDO, Ohio (AP) — Stifling heat blanketed tens of millions across United States on Tuesday, forcing people and even zoo animals to find ways to cool down as summer arrives in what promises to be a sweltering week. Extreme heat …

20 06, 2024

Texas Electricity Demand Could Nearly Double in Six Years – ERCOT

By | June 20th, 2024|Uncategorized|Comments Off on Texas Electricity Demand Could Nearly Double in Six Years – ERCOT

The state’s main electric grid operator has sharply increased its prediction for how much power demand will increase in coming years. If it’s accurate, the state would need to be able to provide nearly double the amount of power within …

20 06, 2024

Chicago Health Care Company to Pay $2M To Settle False Claims Act Suit

By | June 20th, 2024|Uncategorized|Comments Off on Chicago Health Care Company to Pay $2M To Settle False Claims Act Suit

A Chicago health care company and its former owners will pay nearly $2 million to the United States and the States of Illinois and Indiana to resolve a civil lawsuit arising from the submission of false claims to Medicare and …

14 06, 2024

Poor Maintenance, Pilot Error Cited in Fatal New Hampshire Plane Crash

By | June 14th, 2024|Uncategorized|Comments Off on Poor Maintenance, Pilot Error Cited in Fatal New Hampshire Plane Crash

Improper maintenance and the pilot’s failure to abort takeoff likely caused a small plane to crash into a building in New Hampshire in 2022, killing both people on board and sparking a fire, the National Transportation Safety Board said in …

14 06, 2024

California Labor Commissioner Reaches $658K Settlement with Residential Care Facility

By | June 14th, 2024|Uncategorized|Comments Off on California Labor Commissioner Reaches $658K Settlement with Residential Care Facility

The California Labor Commissioner’s Office reached a $658,948 settlement with a Los Angeles residential care facility. The settlement was to compensate 34 workers who were reportedly not paid for all hours worked. The LCO began investigating reports in 2023 that …

14 06, 2024

Analysis: Underwriting Loss Estimates Highlight Continued Challenges for US P/C Industry

By | June 14th, 2024|Uncategorized|Comments Off on Analysis: Underwriting Loss Estimates Highlight Continued Challenges for US P/C Industry

The U.S. property/casualty market sustained an estimated $21.1 billion in underwriting losses in 2023, highlighting the challenges the industry faces as a result of natural catastrophes and inflation. According to joint analysis by global data analytics and technology provider Verisk …

14 06, 2024

Snowflake to Close Probe Into Cyberattack Targeting Clients

By | June 14th, 2024|Uncategorized|Comments Off on Snowflake to Close Probe Into Cyberattack Targeting Clients

Snowflake Inc. plans to close its own investigation this week into a hacking campaign that ensnared as many as 165 of its customers. The cloud data and analytics company hasn’t detected any unauthorized access into customer accounts since early last …

14 06, 2024

Marsh: Cyber Extortion Reached Record High in US and Canada in 2023

By | June 14th, 2024|Uncategorized|Comments Off on Marsh: Cyber Extortion Reached Record High in US and Canada in 2023

Multiple companies in the U.S. and Canada experienced a record number of cyber extortion events in 2023 and unprecedented demands, a new report from Marsh shows. The report, Ransomware: A persistent challenge in cyber insurance claims, also showed an increasing …

14 06, 2024

Britain’s ‘Quiet Quitters’ Are Costing the Economy £257 Billion

By | June 14th, 2024|Uncategorized|Comments Off on Britain’s ‘Quiet Quitters’ Are Costing the Economy £257 Billion

The UK economy lost more than £257 billion ($327 billion) in potential output because of demotivated workers last year, adding to a productivity crisis that’s left the country falling behind other wealthy nations. Just one in 10 UK workers were …

14 06, 2024

Ship on Fire Near Yemen After Second Attack in as Many Days

By | June 14th, 2024|Uncategorized|Comments Off on Ship on Fire Near Yemen After Second Attack in as Many Days

A small cargo ship was on fire after being hit by three projectiles while sailing in the Gulf of Aden, marking the second significant incident in two days and a fresh ramp up of attacks. The attack on the Verbena …