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Customs Agents Seize 22,000 Fake Vehicle Inspection Stickers Shipped From Israel
Insurance Journal | December 30, 2024
Customs Agents Seize 22,000 Fake Vehicle Inspection Stickers Shipped From Israel
The U.S. Customs and Border Protection agency said it has seized more than 20,000 counterfeit Pennsylvania vehicle inspection stickers that were shipped from Israel to an address in Philadelphia. Customs officers found the stickers in two different shipments that arrived …
Fiery Plane Crash Kills 179 in Worst Airline Disaster in South Korea
Insurance Journal | December 29, 2024
Fiery Plane Crash Kills 179 in Worst Airline Disaster in South Korea
The deadliest air accident ever in South Korea killed 179 people on Sunday, when an airliner belly-landed and skidded off the end of the runway, erupting in a fireball as it slammed into a wall at Muan International Airport. Jeju …
Pittsburgh Regional Transit Dealing With Ransomware Attack
Insurance Journal | December 27, 2024
Pittsburgh Regional Transit Dealing With Ransomware Attack
Pittsburgh Regional Transit (PRT) has reported it is responding to a ransomware attack that was first detected on December 19, a day when the rail service experienced temporary disruptions. Upon discovering the incident, PRT said it immediately launched an investigation, …
Root Expands to Minnesota
Insurance Journal | December 27, 2024
Root Expands to Minnesota
Root has announced the availability of Root Insurance in Minnesota. The insurer now serves drivers in 35 states, extending its auto insurance offering to over 4 million registered drivers in Minnesota and covering more than three-quarters of the U.S. population. …
Inszone Acquires Texas-Based Roten & Company Insurance
Insurance Journal | December 27, 2024
Inszone Acquires Texas-Based Roten & Company Insurance
Inszone Insurance Services announced the acquisition of Roten & Company Insurance, a longstanding family-owned and operated insurance agency based in San Antonio, Texas. This acquisition strengthens Inszone’s footprint in Texas and enhances its ability to deliver personalized insurance solutions to …
Global Warming Can’t Be Ignored, Montana’s Top Court Says, Upholding Landmark Climate Case
Insurance Journal | December 20, 2024
Global Warming Can’t Be Ignored, Montana’s Top Court Says, Upholding Landmark Climate Case
Montana’s Supreme Court upheld a landmark climate ruling that said the state was violating residents’ constitutional right to a clean environment by permitting oil, gas and coal projects without regard for global warming. The justices, in a 6-1 ruling, rejected …
Chicago Restaurant Owners to Pay $125K in Overtime Back Wages
Insurance Journal | December 20, 2024
Chicago Restaurant Owners to Pay $125K in Overtime Back Wages
The U.S. Department of Labor obtained a consent judgment and order in the U.S. District Court for the Northern District of Illinois on Dec. 2, 2024, that requires D’Nuez Corp. and owners Antonio Rendon and Albino Rendon – operators of …
Swiss Re’s Business Unit CEOs Share Views on Key Risk Themes of 2025
Insurance Journal | December 20, 2024
Swiss Re’s Business Unit CEOs Share Views on Key Risk Themes of 2025
Social inflation will continue to be a top concern for insurers and reinsurers in 2025 with US liability claims increasing by 57% during the past decade and nuclear verdicts rising in frequency, said Swiss Re, pointing to jury awards above …
Tesla Recalls Nearly 700,000 Vehicles in Over Tire Pressure Monitoring Issue
Insurance Journal | December 20, 2024
Tesla Recalls Nearly 700,000 Vehicles in Over Tire Pressure Monitoring Issue
Tesla said on Friday it was recalling 694,304 vehicles in the United States over an issue with the tire pressure monitoring system (TPMS). The TPMS warning light may not remain illuminated between drive cycles, failing to warn the driver of …
Liberty Mutual Weighs Sale of Thailand, Vietnam Assets
Insurance Journal | December 20, 2024
Liberty Mutual Weighs Sale of Thailand, Vietnam Assets
Liberty Mutual Holding Co. is considering a sale of its businesses in Thailand and Vietnam as the US insurer seeks to streamline its operations, according to people familiar with the matter. Liberty Mutual is working with a financial adviser on …