Category: Insurance Journal

Southern California’s Santa Ana Winds Toppled Trees, Big Rigs
Insurance Journal | January 30, 2023
Southern California’s Santa Ana Winds Toppled Trees, Big Rigs
Powerful Santa Ana winds tore across Southern California on last week – topping 100 mph, in parts – blowing over multiple big rigs on several highways and toppling massive 80-to-100 foot-tall trees, including in San Diego’s iconic Balboa Park where …
Alabama City Starts $10M to Upgrade Failing Sewer System
Insurance Journal | January 30, 2023
Alabama City Starts $10M to Upgrade Failing Sewer System
Federal and state officials on Friday marked the start of a $10 million project aimed at repairing and upgrading an Alabama community’s failing sewer system that has left residents dealing with pools of raw sewage at their homes. The project …
Administrator Releases Financial Plan for Jackson’s Shaky Water System
Insurance Journal | January 30, 2023
Administrator Releases Financial Plan for Jackson’s Shaky Water System
The interim manager appointed by the U.S. Department of Justice to reform the troubled water system in Mississippi’s capital city released a new financial plan Friday to change the way Jackson bills for water and to spend hundreds of millions …
Video Evidence Questions Alex Murdaugh’s Claimed Timeline in SC Murder Trial
Insurance Journal | January 30, 2023
Video Evidence Questions Alex Murdaugh’s Claimed Timeline in SC Murder Trial
Alex Murdaugh’s comments to police about his whereabouts around the time his wife and son were fatally shot may not have been accurate, according to video evidence presented by prosecutors Friday at the South Carolina attorney’s murder trial. In cross …
Today Is Deadline for New York Gov. Hochul to Decide on Bill to Expand Wrongful Death Damages
Insurance Journal | January 30, 2023
Today Is Deadline for New York Gov. Hochul to Decide on Bill to Expand Wrongful Death Damages
Today is the deadline for New York Gov. Kathy Hochul to decide whether to sign legislation that will expand the types of damages that could be won in wrongful deaths cases. The bill, known as the Grieving Families Act, seeks …
Maine Jury Awards $4.5M for Claim of Sexual Abuse Committed 30 Years Ago
Insurance Journal | January 30, 2023
Maine Jury Awards $4.5M for Claim of Sexual Abuse Committed 30 Years Ago
PORTLAND, Maine (AP) — A jury has awarded $4.5 million in damages to a woman whose lawsuit contended she was sexually abused three decades ago by a family friend in Maine. The federal jury found in favor of 36-year-old Julia …
Markets/Coverages: WTW Launches Cyber Facility, Providing Excess Capacity Globally
Insurance Journal | January 30, 2023
Markets/Coverages: WTW Launches Cyber Facility, Providing Excess Capacity Globally
A new excess layer cyber facility, called CyXS, was launched by WTW, providing excess layer cyber capacity for global clients. Key elements of the facility include: Capacity: Access to up to 50 million (USD/ GBP/ EUR) of excess layer capacity …
Intercontinental Exchange to Start Rival London Gas Market to Dodge EU Price Cap
Insurance Journal | January 30, 2023
Intercontinental Exchange to Start Rival London Gas Market to Dodge EU Price Cap
Intercontinental Exchange Inc. will open a parallel natural gas market in London to help traders avoid potential disruptions from new European Union rules to cap energy prices. The new market will offer benchmark Dutch Title Transfer Facility futures and options …
French (Yes, French) Executives Are the World’s Worst Workaholics: Survey
Insurance Journal | January 30, 2023
French (Yes, French) Executives Are the World’s Worst Workaholics: Survey
Americans have popularized “hustle culture,” but it’s French executives who binge work the most, according to a new survey. Nearly four in ten French business leaders admit to working intense, long hours without regular breaks, well above the 25% global …
Legal & General’s Wilson to Retire After Decade as CEO
Insurance Journal | January 30, 2023
Legal & General’s Wilson to Retire After Decade as CEO
Legal & General Group Plc’s veteran chief executive officer is to retire after more than a decade at the helm of the insurer. Nigel Wilson has told the insurer’s board he “would like to retire from executive life,” according to …