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Archive: November 2022

New Jersey Lawmakers Advance Bill Limiting Gun Carry, Requiring Liability Insurance
Insurance Journal | November 1, 2022
New Jersey Lawmakers Advance Bill Limiting Gun Carry, Requiring Liability Insurance
A New Jersey legislative committee voted to require liability insurance for gun owners and restrict where they could carry their weapons, moving what would be some of the strictest US firearms limits closer to becoming law. The vote by the …
Cleanup After Five Tornadoes Touched Down in South Alabama, Mississippi
Insurance Journal | November 1, 2022
Cleanup After Five Tornadoes Touched Down in South Alabama, Mississippi
Residents and businesses are cleaning up after at least five tornadoes touched down in a severe weather outbreak along the Mississippi and Alabama Gulf Coast. No injuries or deaths were reported after the Saturday twisters. The National Weather Service said …
Independence Pet Group (IPG) Completes Purchase of Fairfax’s Pet Insurance Units
Insurance Journal | November 1, 2022
Independence Pet Group (IPG) Completes Purchase of Fairfax’s Pet Insurance Units
Independence Pet Group (IPG), the full-stack pet insurance platform, announced the completion of its acquisition of Fairfax Financial Holdings Ltd.’s U.S. and Canadian interests in the Crum & Forster Pet Insurance Group (C&F Pet) and Pethealth Inc. IPG purchased the …
19th Person Indicted in Scheme Using Stolen IDs to Defraud Rideshare Companies
Insurance Journal | November 1, 2022
19th Person Indicted in Scheme Using Stolen IDs to Defraud Rideshare Companies
A nineteenth co-conspirator was indicted by a federal grand jury in Boston this week in connection with a nationwide conspiracy to open fraudulent driver accounts with rideshare and delivery service companies, law enforcement officials reported. Officials said Caio Felipe Oliveira …
Tesla Manslaughter Trial Hinges on Question of ‘Man vs Machine’
Insurance Journal | November 1, 2022
Tesla Manslaughter Trial Hinges on Question of ‘Man vs Machine’
A manslaughter trial set to begin in Los Angeles for a fatal crash caused by a Tesla operating on Autopilot presents a first-of-its kind test for the legal responsibility of a human driver in a car that was partly driving …
Geico Faces California Class Action Claiming it Overcharged for Car Insurance
Insurance Journal | November 1, 2022
Geico Faces California Class Action Claiming it Overcharged for Car Insurance
A federal judge on Monday said a lawsuit accusing Geico Corp. of overcharging more than 2 million California policyholders on car insurance early in the COVID-19 pandemic may proceed as a class action. U.S. District Judge Beth Labson Freeman in …
Where Do Climate Pledges Stand a Year After COP26?
Insurance Journal | November 1, 2022
Where Do Climate Pledges Stand a Year After COP26?
A year ago at the U.N. climate talks in Glasgow, Scotland, countries, banks and business leaders announced a slew of climate plans and pledges. Here is an update on how some of the biggest promises have since progressed. NATIONAL EMISSIONS …
People Moves: AXA XL Appoints Owen for Bermuda Professional Lines Team; Miller Names Beazley’s O’Connor as Chief Information Officer
Insurance Journal | November 1, 2022
People Moves: AXA XL Appoints Owen for Bermuda Professional Lines Team; Miller Names Beazley’s O’Connor as Chief Information Officer
This edition of International People Moves details appointments at AXA XL in Bermuda and the London-based insurance broker, Miller. A summary of these new hires follows. AXA XL Appoints Owen for Bermuda Professional Lines Team AXA XL announced that Bermudian …
South Korea Blames Lack of Crowd Control as Factor in Fatal Crush
Insurance Journal | November 1, 2022
South Korea Blames Lack of Crowd Control as Factor in Fatal Crush
Top South Korean officials said a lack of proper crowd management was likely a factor behind a deadly surge of people that left at least 156 dead, with police faulted for not doing enough to heed warnings that masses were …
Road Accidents Jump 22% During Week After Clocks Go Back
Insurance Journal | November 1, 2022
Road Accidents Jump 22% During Week After Clocks Go Back
Claims for road accidents in the UK jumped by over a fifth (22%) in the week after the clocks went back in 2021, according to analysis of internal data by Tesco Bank Motor Insurance. The findings are based on a …