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Category: Insurance Journal

How Panama Fishing Boats Brought Mining Company First Quantum to its Knees
Insurance Journal | December 1, 2023
How Panama Fishing Boats Brought Mining Company First Quantum to its Knees
For more than a month, a group of 16 fishing boats has been blocking a key port in Panama, choking off coal and essential supplies destined for First Quantum Minerals’ giant copper mine there, eventually forcing it to halt operations …
Maersk Reaches Settlement Over Ship That Blocked Suez Canal
Insurance Journal | December 1, 2023
Maersk Reaches Settlement Over Ship That Blocked Suez Canal
A.P. Moller-Maersk A/S settled a Danish lawsuit against the companies behind a ship that blocked the Suez canal in 2021, forcing shipping lines to delay or divert vessels and causing global disruption of supply lines. “We can confirm that we …
WCRI Report Examines Challenges of Low Back Pain and Comorbid Health Issues
Insurance Journal | December 1, 2023
WCRI Report Examines Challenges of Low Back Pain and Comorbid Health Issues
Workers’ compensation patients who report comorbidities, especially mental health comorbidities (anxiety, depression, sleep dysfunction), had a stronger association with smaller functional recoveries than those who only reported physical health comorbidities such as diabetes, hypertension, obesity. That’s according to a recent …
Study: Federal Payouts Bolstered Flood Policy Uptake, Insured Value
Insurance Journal | December 1, 2023
Study: Federal Payouts Bolstered Flood Policy Uptake, Insured Value
The availability of a federal flood payout in a county in a given year increased the number of flood insurance policies by 5.2% and the total insured value of the policies by 4.6% in the following year, a new study …
New York Man Charged With Obstructing Investigation Into Fatal Construction Incident
Insurance Journal | December 1, 2023
New York Man Charged With Obstructing Investigation Into Fatal Construction Incident
A federal grand jury has indicted Richard Zagger, of Blue Point, New York, charging him with conspiracy and obstruction of an investigation into a fatal construction accident, according to the U.S. Department of Justice. The four-count indictment alleges that Zagger …
Washington Workers’ Comp Premium Rate Going up an Average of 4.9% in 2024
Insurance Journal | December 1, 2023
Washington Workers’ Comp Premium Rate Going up an Average of 4.9% in 2024
The Washington State Department of Labor & Industries announced a 4.9% increase in the average workers’ compensation premium rate for 2024. The increase, which takes effect Jan. 1, 2024, means employers and workers will jointly pay, on average, an additional …
Family of Los Angeles Deputy Killed in Ambush Plans to Sue Over Forced Overtime
Insurance Journal | December 1, 2023
Family of Los Angeles Deputy Killed in Ambush Plans to Sue Over Forced Overtime
The parents of a Los Angeles County deputy who was shot and killed while sitting in his patrol car plan to file a lawsuit accusing the sheriff`s department and county leaders of putting law enforcement officers at risk by making …
Former Root Marketing Exec Pleads Guilty to Taking Over $10 Million From the Insurer
Insurance Journal | December 1, 2023
Former Root Marketing Exec Pleads Guilty to Taking Over $10 Million From the Insurer
Brinson Caleb “BC” Silver, former chief marketing officer for insurtech Root, has pleaded guilty to stealing more than $10 million from his former employer and violating court orders. According to the U.S. Attorney’s Office for the Southern District of Ohio, …
Oregon Regulator to Investigate Pacificorp’s Request to Limit Wildfire Liability
Insurance Journal | November 30, 2023
Oregon Regulator to Investigate Pacificorp’s Request to Limit Wildfire Liability
Oregon’s utility regulator this week said it would investigate a petition by PacifiCorp to limit its liability from future wildfire-related lawsuits, delaying a decision on the power provider’s request by as long as nine months. In October, the Berkshire Hathaway …
Internet Research Shows Californians May Add to Risk of Fire Hazards
Insurance Journal | November 30, 2023
Internet Research Shows Californians May Add to Risk of Fire Hazards
By most measures, California usually tops the list of the states most at risk of fires. But a new report shows the state’s residents and their desires to stay warm in chillier months may be making the state even riskier. …