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Human Remains Found in Vehicle Involved in Texas Pipeline Fire
Insurance Journal | September 20, 2024
Human Remains Found in Vehicle Involved in Texas Pipeline Fire
Deer Park, Texas, police confirmed that human remains were recovered from a vehicle that crashed into a natural gas liquids pipeline Monday, triggering a fire that continues to burn. “Medical examiners will now begin working through their identification process, which …
People Moves: AIG Appoints Walsh CFO; Rokstone Names Baker Deputy Head of US Casualty; Applied Underwriters Hires, Promotes Leadership
Insurance Journal | September 20, 2024
People Moves: AIG Appoints Walsh CFO; Rokstone Names Baker Deputy Head of US Casualty; Applied Underwriters Hires, Promotes Leadership
AIG Appoints Walsh Executive Vice President, Chief Financial Officer American International Group, Inc. (AIG), headquartered in New York City, named Keith Walsh as executive vice president and chief financial officer, effective October 21. Walsh, based in New York, will lead …
J&J Lifts Baby Powder Settlement Bid to More Than $8.2 Billion
Insurance Journal | September 20, 2024
J&J Lifts Baby Powder Settlement Bid to More Than $8.2 Billion
Johnson & Johnson has boosted to more than $8.2 billion its offer to settle thousands of lawsuits by people who say its baby powder gave them cancer, according to people familiar with the matter. The offer, an increase from the …
7 in 10 Actuaries and Underwriters Worry About Being Replaced by AI
Insurance Journal | September 20, 2024
7 in 10 Actuaries and Underwriters Worry About Being Replaced by AI
With the vast majority (91 percent) of insurance companies already investing in AI or planning to in the next five years, it’s not surprising that nearly 7 in 10 actuaries and underwriters are worried about being replaced by artificial intelligence, …
Live Nation Seeks to End States’ Claim of Damages for Concertgoers
Insurance Journal | September 20, 2024
Live Nation Seeks to End States’ Claim of Damages for Concertgoers
Live Nation Entertainment has asked a federal judge in New York to dismiss several states’ claims that the live event promoter harmed event-goers by stifling competition with its ticket-selling arm, Ticketmaster. Live Nation seeks to dismiss part of the lawsuit …
Wisconsin Contractor Faces $144K Fine for Endangering Workers
Insurance Journal | September 19, 2024
Wisconsin Contractor Faces $144K Fine for Endangering Workers
A suburban Madison, Wisconsin contractor with a history of federal safety failures – including violations that led to an employee’s fatal injuries in 2022 – has again been found exposing workers to the construction industry’s most deadly hazard – falls …
Jewelers Mutual Expands to NC Office Tower, Warns About Store Break-ins Nationwide
Insurance Journal | September 19, 2024
Jewelers Mutual Expands to NC Office Tower, Warns About Store Break-ins Nationwide
Jewelers Mutual Insurance, one of the largest and oldest jeweler-focused insurers in the country, plans to lease a full floor of a new officer tower in downtown Raleigh, North Carolina, a move that will create about 200 jobs, according to …
Unnamed Storm in Carolinas Caused $7 Billion in Damage, AccuWeather Says
Insurance Journal | September 19, 2024
Unnamed Storm in Carolinas Caused $7 Billion in Damage, AccuWeather Says
The storm that swamped parts of the Carolinas this week wasn’t organized enough to be named but it still has caused $7 billion in damage, according to a preliminary estimate from AccuWeather. That was approaching the $9 billion in damage …
Ex-Google Executive’s Startup to Use AI to Forecast the Weather
Insurance Journal | September 19, 2024
Ex-Google Executive’s Startup to Use AI to Forecast the Weather
A startup founded by a former Google executive aims to use artificial intelligence to improve weather forecasting, joining technology behemoths like Nvidia Corp. and Huawei Technologies Co. in an increasingly crowded field. Brightband has raised a $10 million series A …
Iowa Manufacturer to Pay $51K Fine For Alleged Hazardous Waste Violations
Insurance Journal | September 10, 2024
Iowa Manufacturer to Pay $51K Fine For Alleged Hazardous Waste Violations
Hawkins Inc., a chemical manufacturer based in Camanche, Iowa, will pay $51,158 in civil penalties and purchase equipment for local emergency responders to resolve alleged violations of the federal Resource Conservation and Recovery Act (RCRA). The company manufactures, distributes, and …