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Insurance Journal | December 29, 2022

Ohio Supreme Court: Ransomware Did Not Cause Direct Physical Loss

A business owner’s insurance policy did not provide coverage for software damaged by a ransomware attack because there was no direct physical damage or loss, the Ohio Supreme Court ruled. “Computer software cannot experience ‘direct physical loss or physical damage’ …

Insurance Journal | December 29, 2022

Oklahoma Airport Says Air Force Charter Damaged Runway

STILLWATER, Okla. (AP) – A military cargo aircraft carrying the U.S. Air Force Academy women’s basketball team to a game at Oklahoma State University landed without authorization at the city’s airport and caused damage to its runway, city officials in …

Insurance Journal | December 20, 2022

California Workers’ Comp Bureau Says Premium Fell Sharply Beginning in 2Q 2020

Written premium declined sharply beginning in the second quarter of 2020 due to the economic downturn resulting from the pandemic, according to a report out on Tuesday. The report from the Workers’ Compensation Insurance Rating Bureau of California shows a …

Insurance Journal | December 20, 2022

Report: California, Hawaii Had Among Nation’s Worst Ranked Roads

California’s expansive road system was among the nation’s worst ranked, according to a report from a research firm out on Tuesday. Hawaii’s roads were ranked as the nation’s worst. ConsumerAffairs, a non-government research firm, used its own data combined with …

Insurance Journal | December 20, 2022

M6.4 in Northern California Leaves Tens of Thousands Without Power

A magnitude 6.4 earthquake struck northern California on Tuesday, according to the U.S. Geological Survey. The quake struck roughly 200 miles north of San Francisco in the vicinity of the Mendocino triple junction where the Pacific, North America and Juan …

Insurance Journal | December 20, 2022

Hilb Group Expands in New York Region With Commercial Book Acquisition

The Hilb Group has acquired a book of commercial property/casualty business in the tri-state region. Hilb Group did not identify the seller or size of the book of businesses. The business will be managed by Williston Park, New York-based Hiram …

Insurance Journal | December 20, 2022

3M Will Stop Producing ‘Forever Chemical’ PFAS by End of 2025

3M Co., confronting regulatory pressure and lawsuits that threaten billions of dollars in damages, will stop making so-called forever chemicals and aim to discontinue their use in products by the end of 2025. The announcement marks a historic break with …

Insurance Journal | December 20, 2022

Winter Storm Rattling Busy US Travel Season With Cold and Snow

A massive winter storm is winding across the central US, threatening to disrupt air traffic during the busy holiday season, rake Chicago with a blizzard and send an arctic blast as far south as Texas and the Gulf of Mexico. …

Insurance Journal | December 20, 2022

California Approves Roadmap for Carbon Neutrality by 2045

California air regulators voted unanimously to approve an ambitious plan to drastically cut reliance on fossil fuels by changing practices in the energy, transportation and agriculture sectors, but critics say it doesn’t go far enough to combat climate change. The …

Insurance Journal | December 20, 2022

Massachusetts Fines Benefit Manager Over Workers’ Compensation Drug Prices

Massachusetts Attorney General Maura Healey announced that a pharmacy benefits manager, Health E Systems, has agreed to pay $275,000 for allegedly failing to follow prescription pricing procedures that are designed to prevent overcharges in the workers’ compensation insurance system. The …