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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 …

25 02, 2022

Insured Losses for 2 Recent European Windstorms Estimated at €3B-€5B: Verisk

By | February 25th, 2022|Uncategorized|Comments Off on Insured Losses for 2 Recent European Windstorms Estimated at €3B-€5B: Verisk

Insured losses due to wind from Winter Storms Dudley/Ylenia and Eunice/Zeynep will range between €3 billion and €5 billion (US$2.2 billion-$5.6 billion), the majority of which are expected in Germany, UK, and the Netherlands, according to Verisk Extreme Event Solutions …

25 02, 2022

U.S. Won’t Give Water to California Farmers Because of Drougth

By | February 25th, 2022|Uncategorized|Comments Off on U.S. Won’t Give Water to California Farmers Because of Drougth

With California entering the third year of severe drought, federal officials said Wednesday they won’t deliver any water to farmers in the state’s major agricultural region – a decision that will force many to plant fewer crops in the fertile …

25 02, 2022

Montana Jury Awards $36.5M to Former Libby Miner With Lung Disease

By | February 25th, 2022|Uncategorized|Comments Off on Montana Jury Awards $36.5M to Former Libby Miner With Lung Disease

A Montana jury has awarded $36.5 million in damages to an Oregon man who suffers from lung disease because of exposure to asbestos while working at a vermiculite mine in Libby, a bellwether case that could affect hundreds of additional …

25 02, 2022

Washington Inmate’s Family to Get $3.75M in Cancer Death

By | February 25th, 2022|Uncategorized|Comments Off on Washington Inmate’s Family to Get $3.75M in Cancer Death

Washington state will pay $3.75 million to settle a wrongful-death lawsuit brought by the family of a man who died at Monroe Correctional Complex after his cancer went untreated despite repeated pleas. Kenny Williams, 63, died in June 2019 of …

25 02, 2022

Insurance Technology: Nationwide Sponsors Homecare Robots; Trucker Platform Nirvana Raised $25M; DealerPolicy Rebrands as Polly; Dent.co Aids Auto Repairs

By | February 25th, 2022|Uncategorized|Comments Off on Insurance Technology: Nationwide Sponsors Homecare Robots; Trucker Platform Nirvana Raised $25M; DealerPolicy Rebrands as Polly; Dent.co Aids Auto Repairs

Nationwide Sponsors Labrador Retriever Robot Giant insurer Nationwide is partnering with an early-stage robotics company, Southern California-based Labrador Systems, on a multi-state pilot program with the Labrador Retriever, a personal robot designed to help individuals live more independently as well …

25 02, 2022

Fire Destroys Historic Los Angeles Poor Farm Buildings

By | February 25th, 2022|Uncategorized|Comments Off on Fire Destroys Historic Los Angeles Poor Farm Buildings

Several abandoned buildings at the historic Los Angeles County Poor Farm were destroyed by fire, fire departments said. At least five agencies responded and the fire was contained in buildings on the vacant south campus of the county’s public rehabilitation …

25 02, 2022

Pandemic, Other Risks Weigh on Minds of Middle-Market Execs

By | February 25th, 2022|Uncategorized|Comments Off on Pandemic, Other Risks Weigh on Minds of Middle-Market Execs

Most middle-market firms experienced a recovery following the height of disruptions caused by COVID-19 and remain mostly optimistic about the global economy, but business risks loom large. According to a survey of 1,000 executives by Chubb and the National Center …