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Viewpoint: Striking Risk-Reward Balance for Shipping Lithium-Ion Batteries
Insurance Journal | April 10, 2024
Viewpoint: Striking Risk-Reward Balance for Shipping Lithium-Ion Batteries
Executive Summary: While the advancement of technology in electric vehicles and other lithium-ion powered goods facilitates energy transition from fossil fuels, the fire risks associated with such products need proactive management, writes Dr. William Moore, global loss prevention director, The …
World Hits 10th Consecutive Month of Record-High Temperatures
Insurance Journal | April 10, 2024
World Hits 10th Consecutive Month of Record-High Temperatures
March was the Earth’s 10th consecutive month of record-breaking heat, with populations across much of the northern and southern hemispheres experiencing temperatures overshooting climate targets. The European Union’s Copernicus Climate Change Service reported Tuesday that record March temperatures globally were …
Takeaways From the Swiss Women’s Climate Victory
Insurance Journal | April 10, 2024
Takeaways From the Swiss Women’s Climate Victory
The European Court of Human Rights ruled in favor of more than 2,000 Swiss women on Tuesday, affirming their argument that the Swiss government violated their human rights by failing to take sufficient action on climate change. Here are some …
Swiss Women Win Big in Landmark Climate Case. Where Do US Climate Cases Stand?
Insurance Journal | April 10, 2024
Swiss Women Win Big in Landmark Climate Case. Where Do US Climate Cases Stand?
A landmark climate change ruling from the European Court of Human Rights on Tuesday found that the Swiss government had violated the human rights of its citizens by failing to do enough to combat climate change, in a case brought …
Employers Can’t Use Vicarious Liability to Block Negligence Claims, TN High Court Says
Insurance Journal | April 10, 2024
Employers Can’t Use Vicarious Liability to Block Negligence Claims, TN High Court Says
The Tennessee Supreme Court this week dealt a blow to businesses and insurance companies, finding that employers can no longer argue that direct negligence claims are barred when the business admits vicarious liability for a worker’s actions. “We hold that …
People Moves: BenefitMall Expands Southern California Team
Insurance Journal | April 10, 2024
People Moves: BenefitMall Expands Southern California Team
BenefitMall named Patrice Evart a benefits sales executive for Southern California. Evart has 30 years of experience specializing in employee benefits for employers in Southern California. She recently joined BenefitMall after more than 25 years at Warner Pacific, most recently …
California Lawmakers Introduce Disaster Resiliency Bill to Aid State’s Insurance Issues
Insurance Journal | April 10, 2024
California Lawmakers Introduce Disaster Resiliency Bill to Aid State’s Insurance Issues
California representatives Mike Thompson (D-CA) and Doug LaMalfa (R-CA) introduced the Disaster Resiliency and Coverage Act of 2024. H.R. 7849 would provide homeowners in disaster-prone regions with incentives to harden their properties against wildfires and other risks. The legislation is …
Oregon Division of Financial Regulation Fines State Farm $200K
Insurance Journal | April 10, 2024
Oregon Division of Financial Regulation Fines State Farm $200K
The Oregon Division of Financial Regulation issued a $200,000 fine against State Farm after the company reportedly failed to send notices over the past six years informing its insureds of their ability to request an annual credit check, which could …
Virginia Gov. Youngkin Seeks to Fix ‘Bad Faith’ Bill That Insurers Wish He’d Veto
Insurance Journal | April 9, 2024
Virginia Gov. Youngkin Seeks to Fix ‘Bad Faith’ Bill That Insurers Wish He’d Veto
Virginia Gov. Glenn Youngkin has returned a “bad faith” insurance claims bill to the General Assembly with recommendations for changes, disappointing property/casualty insurers that were hoping he would veto the measure. Youngkin’s action keeps the measure alive for reconsideration by …
Unlicensed Home Warranty Company Ordered to Cease-and-Desist in Oklahoma
Insurance Journal | April 9, 2024
Unlicensed Home Warranty Company Ordered to Cease-and-Desist in Oklahoma
The Oklahoma Insurance Department (OID) issued a Cease-and-Desist Order against First Premier Home Warranty Corp. for unauthorized sale of home warranty contracts in Oklahoma. Effective immediately, the company is required to halt all sales activities in the state. The OID …