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Category: Insurance Journal

Wrongfully Convicted Kansas Man to Receive $7.5M Payment
Insurance Journal | May 1, 2023
Wrongfully Convicted Kansas Man to Receive $7.5M Payment
OSKALOOSA, Kan. (AP) – A Kansas man who spent 16 years in prison for a rape and murder he didn’t commit will receive $7.5 million from the county where he was arrested and convicted of the crime. Jefferson County commissioners …
Oil Tanker Seized by Iran Had Indian Crew, Turkey-Based Operator Says
Insurance Journal | May 1, 2023
Oil Tanker Seized by Iran Had Indian Crew, Turkey-Based Operator Says
An oil tanker seized by Iran on Thursday was carrying Kuwaiti crude and had a crew of 24 Indians, according to the operator. The US has demanded the immediate release of the the Marshall Islands-flagged Advantage Sweet, which was travelling …
G-7 Nations Should Adopt ‘Risk-Based’ Regulation on Artificial Intelligence: Ministers
Insurance Journal | May 1, 2023
G-7 Nations Should Adopt ‘Risk-Based’ Regulation on Artificial Intelligence: Ministers
Group of Seven advanced nations should adopt “risk-based” regulation on artificial intelligence, their digital ministers agreed on Sunday, as European lawmakers hurry to introduce an AI Act to enforce rules on emerging tools such as ChatGPT. But such regulation should …
Ex-UCLA Gynecologist Sentenced in Sex Abuse Case
Insurance Journal | May 1, 2023
Ex-UCLA Gynecologist Sentenced in Sex Abuse Case
A former gynecologist at the University of California, Los Angeles was sentenced Wednesday to 11 years in prison for sexually abusing female patients, in a criminal trial that came after the university system made nearly $700 million in lawsuit payouts …
Wildfires in Alaska? Climate Change Sparks Disaster Fears
Insurance Journal | May 1, 2023
Wildfires in Alaska? Climate Change Sparks Disaster Fears
Research on a flat spot for air evacuations. Talk of old-style civil defense sirens to warn of fast-moving wildfires. Hundreds of urban firefighters training in wildland firefighting techniques while snow still blankets the ground. This is the new reality in …
$10M Verdict for Family of Man Killed by California Officer
Insurance Journal | May 1, 2023
$10M Verdict for Family of Man Killed by California Officer
A federal jury has awarded $10 million to the family of a man fatally shot by a Southern California sheriff’s sergeant who was trying to arrest him for attempting to attack people with a club and baseball bat seven years …
Frustration Grows Over Wait on OxyContin Maker’s Settlement
Insurance Journal | May 1, 2023
Frustration Grows Over Wait on OxyContin Maker’s Settlement
More than a year after OxyContin maker Purdue Pharma reached a tentative settlement over the toll of opioids that was accepted nearly universally by the groups suing the company – including thousands of people injured by the drug – money …
Adidas Sued by Investors Over Broken Ye Partnership
Insurance Journal | May 1, 2023
Adidas Sued by Investors Over Broken Ye Partnership
Adidas AG was sued by investors who claim the German sports giant knew about risks of its partnership with the rapper known as Ye long before his anti-Semitic comments were made public. Adidas in October cut ties with Ye, formerly …
Banking System ‘Remains Sound’ After First Republic Resolution: U.S. Treasury
Insurance Journal | May 1, 2023
Banking System ‘Remains Sound’ After First Republic Resolution: U.S. Treasury
The U.S. Treasury Department is encouraged that First Republic Bank was resolved with the least cost to the Deposit Insurance Fund, and believes the U.S. banking system remains sound and resilient, a Treasury spokesperson said early Monday. U.S. regulators on …
OSHA Says Amazon Failed to Provide Injured Workers With Adequate Medical Care
Insurance Journal | May 1, 2023
OSHA Says Amazon Failed to Provide Injured Workers With Adequate Medical Care
The Occupational Safety and Health Administration (OSHA) reports it has found that giant online retailer Amazon failed to provide adequate medical treatment for traumatic and chronic injuries at a fulfillment center in Castleton, New York. OSHA alleged that at least …