Insurance Journal – Page 134 – Ben Few & Company, Inc.

Insurance Journal | December 8, 2023

Microsoft’s OpenAI Investment Risks Scrutiny From US, UK Regulators

The US Federal Trade Commission is examining the nature of Microsoft Corp.’s investment in OpenAI Inc. and whether it may violate antitrust laws, according to a person familiar with the matter. The inquiries are preliminary and the agency hasn’t opened …

Insurance Journal | December 8, 2023

Son of North Dakota Senator Crashes During Police Chase, Killing Sheriff`s Deputy

BISMARCK, N.D. (AP) – The 42-year-old son of U.S. Sen. Kevin Cramer crashed into a North Dakota sheriff`s vehicle during a police chase, pushing it into a deputy and killing him, according to authorities and the Republican senator`s family. Ian …

Insurance Journal | December 8, 2023

5th Circuit Largely Sides With Louisiana Sheriff`s Deputies Accused in Lawsuit of Using Excessive Force

NEW ORLEANS (AP) – A federal appeals court has largely sided with two white Louisiana sheriff`s deputies in a lawsuit filed by a Black woman, rejecting her claims that they used excessive force against her as they investigated an allegation …

Insurance Journal | December 1, 2023

Ohio Settles Lawsuit With Chemical Companies For $110 Million Over PFAS Contamination

DOVER, Del. (AP) – The DuPont Co. and two spin-off firms will pay $110 million to the state of Ohio to settle a lawsuit over environmental threats from toxic chemicals used at a former DuPont facility in neighboring West Virginia, …

Insurance Journal | December 1, 2023

Despite Insurance Costs, Lux Condos Going Up: Miami Tower to Have $150M Penthouse

(Bloomberg) — A roughly 13,000-square-foot, full-floor penthouse and roof at the Rosewood Residences, a 17-story condo tower designed by Peter Marino in Miami’s South Beach, could soon be the most expensive in Miami Beach’s history. It’s priced at “over $150 …

Insurance Journal | December 1, 2023

Climate Change, Natural Disasters Sent Texas Homeowners Insurance Rates Skyrocketing in 2023

Insurance companies across Texas have dramatically increased home insurance rates this year, state filings show, as climate change spooks executives and inflation pushes up costs to rebuild after natural disasters. Texas is prone to hurricanes and flooding, both of which …

Insurance Journal | December 1, 2023

Insurance, Cat Bonds Can Help Boost Poorer Countries’ Resilience to Climate Risks

Low-income countries are struggling to access insurance, catastrophe bonds and other hedging mechanisms that could help protect them from the economic fallout of climate change, industry sources told Reuters. Helping these countries, which face some of the biggest risks from …

Insurance Journal | December 1, 2023

Delivery Driver Sues FedEx, This Time in State Court, After Shooting Incident

JACKSON, Miss. (AP) — A Black former delivery driver in Mississippi who says two white men shot into his work van and then pursued him in a high-speed chase last year has filed a new lawsuit against the men and …

Insurance Journal | December 1, 2023

Nigeria’s Worst Flood in Decade Caused Billions in Economic Damage

Nigerian floods last year that claimed hundreds of lives also caused up to $9 billion in damage, according to a report from the National Bureau of Statistics. The assessment, conducted in collaboration with the World Bank, placed the cost of …

Insurance Journal | December 1, 2023

People Moves: MS Amlin Promotes Forsyth to Head of Marine, Succeeding Humberstone; Generali GC&C Names Mediterranean, LatAm Managers as Part of Business Reorg

This edition of International People Moves details appointments at MS Amlin and Generali Global Corporate & Commercial (GC&C). A summary of these new hires follows here. MS Amlin Promotes Forsyth as Head of Marine, Succeeding Humberstone Who Is Retiring MS …