» AT&T, Verizon Again Agree to Pause Turning On Some 5G Towers Near Key Airports
19/01/22 07:06 from Insurance Journal
AT&T and Verizon Communications on Tuesday agreed to temporarily defer turning on some wireless towers near key airports to avert a significant disruption to U.S. flights as they roll out 5G service that will bring faster wireless service to tens …

» New Year’s Resolution? Experts Say For Cyber Criminals, It’s More Widespread Attacks
19/01/22 07:00 from Insurance Journal
The looming threat of increased supply chain and critical infrastructure attacks is causing both cyber experts and cyber insurers to lose sleep already in 2022, according to guests on this episode of The Insuring Cyber Podcast. “Those are going to, …

» Net-Zero Insurers’ Climate-Friendly Plans to Exit Coal Impeded by Antitrust Laws
19/01/22 06:32 from Insurance Journal
A group of the world’s biggest insurers and reinsurers jointly pledging to eliminate greenhouse gas emissions from their underwriting activities have run into an unexpected opponent of their planet-friendly mission: competition law. The Net-Zero Insurance Alliance, which counts AXA SA, …

» UK Car Insurance Premiums Expected to Be Volatile in 2022: Survey
19/01/22 05:11 from Insurance Journal
The cost of a comprehensive car insurance policy in Britain is expected to be volatile this year, after rising 5% in the final quarter of 2021 as more drivers took to roads on easing COVID-19 curbs, a survey showed on …

» Fire at Louisiana Church Causes $150K in Damages
19/01/22 03:00 from Insurance Journal
An early morning fire on Jan. 14 at a church in Louisiana’s capital left $150,000 worth of damages but no injuries, authorities said. The Baton Rouge Fire Department responded about 5:30 a.m. to a fire in North Baton Rouge at …

» UK High Court Throws Out Case Brought by Climate Activists Against Oil Regulator
19/01/22 02:13 from Insurance Journal
A UK High Court on Tuesday threw out a case brought by climate activists against the country’s oil and gas regulator OGA, rejecting their argument that the OGA’s actions amount to a type of unlawful subsidy of the fossil fuel …

» Michigan House Fire Leaves 2 Dead, 5 Injured, 1 Missing
19/01/22 02:05 from Insurance Journal
Two men died and five people were injured early Monday in a fire at a multi-family dwelling in Pontiac, authorities said. Eleven adults were in the home when the fire was reported around 2:44 a.m., Oakland County Sheriff’s Department officials …

» Report: Louisiana Seafood Industry Saw $580M in Losses From 2020-21 Hurricanes
19/01/22 02:00 from Insurance Journal
Louisiana’s fisheries and seafood businesses experienced approximately $580 million in total losses resulting from four hurricane between August 2020 to August 2021, according to a new report by the Louisiana Sea Grant and the Louisiana Department of Wildlife and Fisheries. …

» Shortage of ESG Experts Could Have Negative Effect on Canada Financial Services Firms
19/01/22 01:49 from Insurance Journal
Canada’s financial sector is facing a talent shortage in sustainable finance as demand for people who can evaluate ESG-related risks and opportunities far exceeds the supply, according to a new study. Environmental, social and governance factors are becoming central to …

» Asian Insurer FWD Group Raises $200M in Pre-IPO Funding: Sources
19/01/22 01:35 from Insurance Journal
Asian insurer FWD Group has raised $200 million in new funding ahead of its planned Hong Kong initial public offering (IPO), according to two sources with direct knowledge of the matter. The sources could not be named as the information …

» Tornado Victim’s Family Sues Amazon Over Illinois Warehouse Collapse
19/01/22 01:30 from Insurance Journal
The family of a delivery driver who died last month when a tornado collapsed the central Illinois Amazon facility where he worked filed a wrongful deathlawsuitMonday in Madison County. The action on behalf of Austin McEwen, 26, claims that Amazon …

» Committee Approves Florida Surplus Lines Bill; Stiffens Penalties for Adjusters
19/01/22 00:14 from Insurance Journal
Florida took a step toward opening its distressed property insurance market to more carriers Tuesday when a Senate committee approved a bill that would let Florida-based surplus lines insurers sell surplus policies in Florida. The Senate Banking and Insurance Committee …

» Report: California Workers’ Comp Virus Claims Spiked During December Surge
19/01/22 00:01 from Insurance Journal
California workers’ compensation COVID-19 claim volume continues to track with the state’s fluctuating infection trends, as the latest monthly count of COVID workers’ comp claims jumped 172% in December to the second highest level of the year as the Omicron …

» Teva to Pay $420M to Settle Shareholder Suit Over Generic Drug Pricing
19/01/22 00:00 from Insurance Journal
Teva Pharmaceutical Industries Ltd. has agreed to pay $420 million to settle shareholder litigation alleging the company hid an anti-competitive scheme to fix the price of generic drugs. The settlement was disclosed on Tuesday in papers filed in federal court …

» Doctors, Police Officer Among 13 Indicted in Alleged $100M Auto Insurance Scam
19/01/22 00:00 from Insurance Journal
Federal prosecutors have charged 13 people—including a New York City police officer, an attorney and four physicians—in two indictments that allege they schemed to defraud auto insurers out of $100 million by bribing 911 operators and others for access motor …

» Biden Administration Unveils ‘Wildfire Crisis Strategy’ for Western States
19/01/22 00:00 from Insurance Journal
The Biden administration on Tuesday unveiled a 10-year plan to treat and maintain millions of additional acres of forests in the western United States to reduce the severity of seasonal wildfires. “We’re not going to stop fires,” U.S. Agriculture Secretary …

» New York Reconsiders Statute of Limitations for Adult Sexual Abuse Survivors
19/01/22 00:00 from Insurance Journal
New Yorkers who were sexually abused as adults could sue abusers in civil court under a bill that supporters are again urging the state to pass. The Adult Survivors Act would provide a one-year litigation window for those individuals to …

» Homeowners of America Introduces Services in Montana
18/01/22 13:47 from Insurance Journal
Homeowners of America, a property/casualty insurance provider and subsidiary of Porch Group Inc., launched service in Montana. With the addition of Montana, HOA now operates in 14 states. HOA launched its service in New Mexico earlier this month. Seattle, Washington-based …

» Iowa Football Coach Disbands Diversity Group as Discrimination Lawsuit Remains Pending
18/01/22 11:41 from Insurance Journal
Iowa football coach Kirk Ferentz has disbanded an alumni advisory committee that was created after a 2020 investigation found evidence of racial bias against Black players in his program and bullying behavior by some of his assistants. The Gazette reports …

» Michigan Woman Who Slipped on Lemon at Bar Loses Appeal
18/01/22 11:37 from Insurance Journal
A woman who said she was injured after slipping on a lemon wedge has failed to revive her lawsuit against a popular Detroit tavern. The Michigan Court of Appeals affirmed a lower court’s decision in favor of Old Shillelagh. Connie …

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