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Archive: March 2023

Scratched EV Battery? Your Insurer May Be Forced to Junk the Whole Car
Insurance Journal | March 20, 2023
Scratched EV Battery? Your Insurer May Be Forced to Junk the Whole Car
For many electric vehicles, there is no way to repair or assess even slightly damaged battery packs after accidents, forcing insurance companies to write off cars with few miles – leading to higher premiums and undercutting gains from going electric. …
In Supreme Court Jack Daniel’s Case, a Free Speech Fight Over a Dog Toy
Insurance Journal | March 20, 2023
In Supreme Court Jack Daniel’s Case, a Free Speech Fight Over a Dog Toy
A trademark dispute over a poop-themed dog toy shaped like a Jack Daniel’s whiskey bottle coming before the U.S. Supreme Court could redefine how the judiciary applies constitutional free speech rights to trademark law. In a case to be argued …
Banking Failures Are Hitting Weed Companies, Too
Insurance Journal | March 20, 2023
Banking Failures Are Hitting Weed Companies, Too
Crypto isn’t the only edgy new industry being roiled by the collapse of several banks. US companies that deal directly with cannabis, a federally illegal substance, are already shut out of large banks. So these companies have increasingly found support …
FTC Asks Social Media, Video Streaming Firms Info on Misleading Ads
Insurance Journal | March 20, 2023
FTC Asks Social Media, Video Streaming Firms Info on Misleading Ads
The U.S. Federal Trade Commission (FTC) on Thursday issued orders to eight social media and video streaming firms including Meta Platforms Inc., Twitter, TikTok and YouTube seeking information on how the platforms screen for misleading advertisements. Snap, Amazon.com Inc-owned Twitch, …
Warren Buffett in Contact With Biden Team on Banking Crisis
Insurance Journal | March 20, 2023
Warren Buffett in Contact With Biden Team on Banking Crisis
Berkshire Hathaway Inc.’s Warren Buffett has been in touch with senior officials in President Joe Biden’s administration in recent days as the regional banking crisis unfolds. There have been multiple conversations between Biden’s team and Buffett in the past week, …
Third Time’s a Charm for Nevada’s Captive-Focused Insurance Commish
Insurance Journal | March 17, 2023
Third Time’s a Charm for Nevada’s Captive-Focused Insurance Commish
Scott Kipper’s list of LinkedIn experiences runs 14 items long, but that’s not so much him bragging. He’s moved around a lot in a career that stretches back more than 30 years. He could have just left off some of …
Insurers: Washington’s Proposal for More Premium Increase Explanations May Delay Filings
Insurance Journal | March 17, 2023
Insurers: Washington’s Proposal for More Premium Increase Explanations May Delay Filings
Insurers say a new regulation proposed by Washington state Insurance Commissioner Mike Kreidler that requires them to explain premium increases to their policyholders in language consumers can understand has the potential to delay rate filings. Kreidler announced the proposed rule …
Texas Church Ordered to Pay Back Wages After Concerns About Rodents, Insects
Insurance Journal | March 17, 2023
Texas Church Ordered to Pay Back Wages After Concerns About Rodents, Insects
After a nutrition specialist employed at a Dallas, Texas childcare facility raised concerns about rodents, spiders and other insects in its cafeteria, kitchen and other areas, their employer acted far from charitably and terminated the worker in August 2021. After …
Wind Farm in Southern Texas Draws Resistance
Insurance Journal | March 17, 2023
Wind Farm in Southern Texas Draws Resistance
DEL RIO, Texas (AP) – Long before a Chinese spy balloon captivated and spooked the U.S. public, Kyle Bass foresaw what he deemed another foreign danger slated for skies above the Texas-Mexico border: wind turbines. Dozens of them, roughly 700 …
Groups Say Fire Retardant Injunction Would Increase Western U.S. Risks ‘Dramatically’
Insurance Journal | March 10, 2023
Groups Say Fire Retardant Injunction Would Increase Western U.S. Risks ‘Dramatically’
Several groups of associations, cities and counties are attempting to challenge a case in Montana they say has the potential to take away an important tool from firefighting efforts at a time when Western U.S. wildfires are worsening. The groups, …