December 4, 2021
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Fri, 03 Dec 2021 17:47:31 +0000
Winter is just around the corner, but experts say the Great Lakes haven’t gotten the message. After summer and fall evenings that failed to cool sufficiently, surface temperatures in the massive bodies of water are trending above average, the Chicago …
Fri, 03 Dec 2021 17:39:30 +0000
A federal judge in Miami sentenced four men to at least two years in prison each for a scheme that sold worthless construction bonds for major building projects in 2015. Working under the name of Hampton Investment Fund, CHM Secure …
Fri, 03 Dec 2021 17:27:26 +0000
Residents complaining about foul odors from a sugar beet processor in Bay City have a lost a key decision at the Michigan Court of Appeals. Michigan Sugar, which turns beets into sugar, is accused of depriving people from enjoying their …
Fri, 03 Dec 2021 17:17:47 +0000
A Guymon, Oklahoma processing and packing facility – operated by one of the nation’s largest pork processors – failed to prevent workers from being exposed to repetitive motion injuries and did not record injuries that needed more than basic first-...
Fri, 03 Dec 2021 17:07:19 +0000
Regulators of Texas’ oil and gas industry that buckled during February’s deadly freeze moved Tuesday, Nov. 30 toward making some producers more prepared for cold weather, but not in time for this winter as the nation’s power grid monitor warned …
Fri, 03 Dec 2021 15:48:31 +0000
NFP, an insurance broker and consultant that provides property/casualty, corporate benefits, retirement and individual services, acquired the assets of Insurance Provider Group LLC (IPG). The transaction closed on October 6, 2021. Connecticut-based IPG...
Fri, 03 Dec 2021 15:44:11 +0000
Daniel J. Kaufman will become president of wholesale broker Burns & Wilcox in January. He previously served as chief operating officer for Burns & Wilcox, the largest subsidiary of H.W. Kaufman Group. He is only the third president in the …
Fri, 03 Dec 2021 15:28:41 +0000
When then-California Gov. Jerry Brown signed the nation’s first law requiring women on boards of publicly traded companies, he suggested it might not survive legal challenges. Three years later, a judge will begin hearing evidence this week in Los Ange...
Fri, 03 Dec 2021 15:23:24 +0000
The Los Angeles branch of Planned Parenthood was hit by a data breach involving about 400,000 patients, but there is no indication that the information was used “for fraudulent purposes,” the group said. A hacker installed computer malware between Oct. …
Fri, 03 Dec 2021 15:20:40 +0000
San Francisco’s public transit operator has challenged an application by Cruise to charge for robotaxi rides, saying on Wednesday promotional videos from the General Motors Co unit show Cruise passengers illegally hopping in and out of vehicles in the ...
Fri, 03 Dec 2021 15:13:01 +0000
Sedgwick, a global provider of technology-enabled risk, benefits and integrated business solutions, announced it has acquired ABESIM B.V. in Belgium. Financial details of the transaction were not disclosed. The acquisition of ABESIM will enhance Sedgwi...
Fri, 03 Dec 2021 14:47:47 +0000
Jury selection got underway Wednesday for the trial of a roofing contractor charged in the death of a worker who fell from a roof because of alleged unsafe working conditions. The trial of Michael Purvis was initially scheduled for March …
Fri, 03 Dec 2021 14:40:11 +0000
The business model used by collapsed supply chain financing firm Greensill Capital is causing a “high level of harm” and tighter rules are needed, Britain’s Financial Conduct Authority said on Friday. The watchdog set out proposals for public consultat...
Fri, 03 Dec 2021 14:39:10 +0000
The Hilb Group acquired Clark & Lavey Benefits Solutions Inc., increasing its New England presence and bolstering its range of employee benefits offerings nationwide. The transaction became effective November 1, 2021. Based in Merrimack, New Hampshire,...
Fri, 03 Dec 2021 14:02:54 +0000
Specialist liability underwriter Medical & Commercial International (MCI) announced the launch of a ground-breaking communicable disease liability (CDL) cover. Based on extensive epidemiological research by leading scientists and liability practitioner...
Fri, 03 Dec 2021 14:01:42 +0000
The U.S. Department of Agriculture is changing some rules around crop insurance for hemp, including making the insurability requirements more flexible. USDA’s Risk Management Agency (RMA) has also added a new requirement for producers who grow direct-s...
Fri, 03 Dec 2021 13:42:53 +0000
Severe flooding episodes across vast swathes of eastern Australia this week show no signs of relenting as costs to farmers continue to mount, with another bout of heavy rain on course to hit the already sodden growing regions over this …
Fri, 03 Dec 2021 13:09:33 +0000
Hundreds of thousands of livestock have perished in floodwaters in Canada’s westernmost province, the British Columbia government said Thursday. Back-to-back deluges from atmospheric rivers have damaged major transport routes, forced evacuations and br...
Fri, 03 Dec 2021 12:42:13 +0000
Initial insured losses for extratropical windstorm “Hendrik-Ignatz,” also known as “Aurore,” are estimated at €311 million ($352 million), according to PERILS, the independent Zurich-based organization that provides industry-wide catastrophe insuranc...
Fri, 03 Dec 2021 08:30:01 +0000
Slow responses to damage claims. Constant switch-ups of insurance adjusters assessing the destruction. Low payment offers forcing people unnecessarily into litigation to get a fair deal. Louisiana lawmakers and others said Wednesday that those are the ...
Fri, 03 Dec 2021 06:16:42 +0000
Dezjion Henson has wanted to be a truck driver his whole life. When he turned 18 last year he jumped at the chance and signed on as an apprentice with Total Transportation of Mississippi, LLC in Richland, Mississippi. “Growing up, …
Fri, 03 Dec 2021 06:06:59 +0000
A Florida judge said that lawsuits over the collapsed condominium tower in Surfside will likely go to trial by summer. But thousands of dollars in cash found in the rubble could be distributed to former residents within weeks. And the …
Fri, 03 Dec 2021 06:03:26 +0000
Jillian Taylor, the former chief financial officer at Lawyers Mutual of Kentucky, has been named CFO at Louisville-based ClearPath Mutual Insurance Co., the company announced. Taylor has 11 years in the industry and 16 years in accounting and finance. ...
Fri, 03 Dec 2021 06:00:54 +0000
This is part of a series of articles from Insurance Journal’s annual Insuring Cannabis Summit on Oct. 14. You can find more articles from the summit at the bottom of this one. The green rush, a term for talent crossing …
Fri, 03 Dec 2021 06:00:52 +0000
U.S. Vice President Kamala Harris on Wednesday criticized an “irresponsible” Russian test that endangered the International Space Station with debris, and the Biden administration laid out a new strategy for responsible use of space. Harris convened th...
Fri, 03 Dec 2021 06:00:31 +0000
Aon plc named Jillian Slyfield as the firm’s chief innovation officer. Slyfield, who is based in San Francisco, California, will report to Aon CEO Greg Case and join the Aon executive committee. Slyfield assumes the responsibilities of Tony Goland, who …
Fri, 03 Dec 2021 06:00:13 +0000
Ex-Facebook employee and whistleblower Frances Haugen implored lawmakers Wednesday to avert the usual congressional stalemates as they weigh proposals to curb abuses on social media platforms by limiting the companies’ free-speech protections against l...
Thu, 02 Dec 2021 18:46:00 +0000
The Intergovernmental Panel on Climate Change this week distributed the final draft of the Working Group III contribution to the Sixth Assessment Report to governments, in one of the final stages of preparations before IPCC member countries consider th...
Thu, 02 Dec 2021 17:51:15 +0000
Fourteen insurance companies are pressing ahead with a lawsuit against the federal government, alleging that the National Park Service did little to stop 2016 wildfires that destroyed dozens of homes and businesses in and around Gatlinburg, Tennessee. ...
Thu, 02 Dec 2021 17:33:48 +0000
Louisiana property and casualty insurers will be assessed $100 million to cover the cost of two regional insurance companies facing insolvency due to losses from Hurricane Ida. The Louisiana Insurance Guaranty Association board voted Nov. 30 to assess ...