» What the $660 Million Greenpeace Verdict Means for Activism
21/03/25 10:20 from Insurance Journal
A North Dakota jury this week found Greenpeace liable for defamation, conspiracy and other claims over its participation in the Dakota Access pipeline protests that lasted from 2016 to 2017, awarding developer Energy Transfer LP $660 million in damages. Legal …
» Maryland Could Have Reduced Risk of Key Bridge Collapse: NTSB
21/03/25 09:03 from Insurance Journal
The National Transportation Safety Board (NTSB) is harshly criticizing Maryland officials for failing to conduct a risk assessment of the Francis Scott Key Bridge before it collapsed a year ago and is recommending that 30 owners of 68 bridges across …
» NTSB: Deadly Crashes, Fire in Wyoming Tunnel Started With Pickup Losing Control
21/03/25 08:47 from Insurance Journal
A series of chain-reaction crashes and a fire in a Wyoming highway tunnel that killed three people started when a pickup truck lost control and partially blocked traffic on the slick roadway, federal investigators said. It had snowed before the …
» Heathrow Shutdown Raises Concerns Over Contingency Planning
21/03/25 08:42 from Insurance Journal
The closure of Britain’s Heathrow Airport is set to affect the global aviation system for days at a cost of tens of millions of dollars, experts say, posing questions about why better contingency planning was not in place at the …
» Tesla Cited by US Regulators Over Texas Worker’s Death
21/03/25 08:36 from Insurance Journal
Federal regulators have cited Tesla for violating workplace safety rules in connection with the electrocution of a worker last summer at its Austin, Texas, auto-manufacturing plant. The U.S. Department of Labor confirmed the findings in a statement to Reuters. “The …
» Technician Says Florida Thrill Ride Operator Ignored Safety Concerns Before Fatal Fall
21/03/25 08:07 from Insurance Journal
ORLANDO, Fla. (AP) — A maintenance technician alleged on Wednesday that he raised safety issues with the operators of a central Florida amusement ride before a 14-year-old boy fell to his death, but his concerns were never addressed. Austin Campbell-Alexander …
» US P/C Insurance Industry Income Tops $100B in 2024: Verisk, APCIA
21/03/25 08:05 from Insurance Journal
The U.S. property/casualty insurance industry reported its first full-year underwriting gain in four years, fueling a jump in net income to $170 billion, according to a joint report from Verisk and The American Property Casualty Insurance Association (APCIA). The global …
» Markets/Coverages: MS Amlin Binds Reinsurance Facility to Cover Ukraine’s SMEs
21/03/25 07:52 from Insurance Journal
MS Amlin, the Lloyd’s global re/insurer, has bound a reinsurance scheme that could provide up to €1 billion (US$1.1 billion) in cover annually for Ukraine’s small-and-mediums-sized enterprises (SMEs). The innovative scheme, developed in partnership with the European Bank for Reconstruction …
» People Moves: Marsh Names Curran US Surety Leader, Schweitzer US Construction Claims Leader; Ryan Alternative Risk Promotes Havey to President
21/03/25 07:38 from Insurance Journal
Marsh, headquartered in New York City, appointed Fran Curran as U.S. surety leader and Todd Schweitzer as U.S. construction claims leader. Based in Philadelphia, Curran is a 24-year veteran of Marsh who most recently served as the Southeast surety practice …
» Delta Pilots Warned on Rapid Descent Before Toronto Jet Flipped
21/03/25 06:42 from Insurance Journal
The Delta Air Lines Inc. plane that flipped over as it landed in Toronto last month was warned about its rate of descent, according to a preliminary report released Thursday by the Transportation Safety Board of Canada. The CRJ-900 regional …
» UK Watchdog Fines London Metal Exchange Over Handling of 2022 Nickel Crisis
21/03/25 06:26 from Insurance Journal
Britain’s financial regulator fined the London Metal Exchange on Thursday for allowing nickel prices to surge out of control three years ago in the first ever enforcement action against a UK exchange. The Financial Conduct Authority imposed a penalty of …
» Update: Germany Confiscates Tanker in Russian ‘Shadow Fleet,’ Spiegel Reports
21/03/25 06:06 from Insurance Journal
Germany seized a decrepit tanker found adrift off its northern coast in January that is believed to be part of a shadow fleet used by Russia to circumvent oil sanctions, Spiegel news magazine reported on Friday, citing security sources. The …
» Lloyd’s Register to Sell Modern Tower and Return to Victorian HQ
21/03/25 05:43 from Insurance Journal
Lloyd’s Register, the maritime society formed in a London coffee house in 1760, has put its modern glass headquarters up for sale as it prepares to move back into the property built to house it more than a century ago. …
» Texas Senate Passes Ban on Hemp
21/03/25 04:00 from Insurance Journal
The Texas Senate on Wednesday passed a state ban on all forms of tetrahydrocannabinol, or THC, advancing a priority of Lt. Gov. Dan Patrick to crack down on the state’s booming consumable hemp market six years after lawmakers inadvertently permitted …
» Highway Pileup in Kansas Shows How Dust Storms Can Turn Deadly
21/03/25 03:30 from Insurance Journal
A gust of wind sweeps over bare soil, kicking up enough dirt and dust to cut visibility to nearly zero, and for drivers, the dust storm seems to come out of nowhere. Such conditions resulted in a pileup on Interstate …
» Carbon-Capture Pipeline Faces Delay After S.D. Eminent Domain Ban
21/03/25 02:00 from Insurance Journal
The company behind an $8.9 billion carbon-capture pipeline proposed for five Midwestern states said Wednesday it wants to indefinitely delay its plans after South Dakota passed a law limiting its ability to acquire land for the project. But even as …
» Carbon-Capture Pipeline Faces Delay After S. Dakota Eminent Domain Ban
21/03/25 02:00 from Insurance Journal
The company behind an $8.9 billion carbon-capture pipeline proposed for five Midwestern states said Wednesday it wants to indefinitely delay its plans after South Dakota passed a law limiting its ability to acquire land for the project. But even as …
» Gen AI Is Shaking Up Underwriting, But Can It Replace Human Judgment?
21/03/25 01:26 from Insurance Journal
Artificial intelligence technology has continued to evolve, and it’s affecting many areas of insurance from claims to underwriting to customer service, according to panelists at the 2025 PLUS D&O Symposium in New York City. But has the technology developed so …
» Big Tech’s Data Center Boom Poses New Risk to Grid Operators
21/03/25 00:08 from Insurance Journal
Data Center Alley, a 30-square-mile stretch outside Washington D.C. and home to more than 200 data centers, consumes roughly the same electricity as Boston. So power company officials were alarmed when a big chunk of those centers – 60 of …
» Carolina Woman Charged With Fraud After Claiming Slips and Falls at 8 Groceries
21/03/25 00:01 from Insurance Journal
North Carolina authorities charged a woman with insurance fraud after learning that she made slip-and-fall claims at multiple grocery stores in the area. Jackie Kay Lynch, 61, of Wilson, east of Raleigh, filed a $1,000 claim in August 2024 with …