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Category: Insurance Journal

Russia Still Uses Western Insurance for Half of Tanker Fleet That Exports Its Oil
Insurance Journal | March 30, 2023
Russia Still Uses Western Insurance for Half of Tanker Fleet That Exports Its Oil
Russia still relies on Western insurers to cover more than half of the tanker fleet that exports its oil, according to data compiled by Bloomberg, and the country’s energy officials are voicing concerns about the situation. The Group of Seven …
Nashville School Shooting Spotlights Security at Private Schools
Insurance Journal | March 30, 2023
Nashville School Shooting Spotlights Security at Private Schools
An alarm blared and lights flashed as a heavily armed assailant stalked the hallways of The Covenant School. Surveillance footage of the shooting Monday at the private Christian school in Nashville showed many familiar security measures, including the double set …
Delaware Waits to See If Governor Will Veto Marijuana Bills Passed by Lawmakers
Insurance Journal | March 30, 2023
Delaware Waits to See If Governor Will Veto Marijuana Bills Passed by Lawmakers
The Delaware Senate gave final approval Tuesday to bills legalizing recreational marijuana use by adults in the state and authorizing the establishment of a state-licensed and regulated cannabis industry, setting up a potential battle with Democratic Gov. John Carney. The …
Crews in Kentucky Work to Recover Loose Methanol, Other Barges on Ohio River
Insurance Journal | March 30, 2023
Crews in Kentucky Work to Recover Loose Methanol, Other Barges on Ohio River
Crews were working Wednesday to remove three remaining barges that got loose on the Ohio River, including one carrying methanol. A total of 10 barges got loose early Tuesday on the river near Louisville, the Kentucky Energy and Environment Cabinet …
Philips Expects to Reach Settlements This Year for Global Recall of Respiratory Devices
Insurance Journal | March 30, 2023
Philips Expects to Reach Settlements This Year for Global Recall of Respiratory Devices
Dutch health technology company Philips expects to reach settlements this year relating to its global recall of respiratory devices, CEO Roy Jakobs said in an interview with Dutch financial daily FD published on Thursday. “I think we can at least …
Arkansas Sues TikTok, Meta Over Child Safety, Privacy Claims
Insurance Journal | March 30, 2023
Arkansas Sues TikTok, Meta Over Child Safety, Privacy Claims
LITTLE ROCK, Ark. (AP) – The state of Arkansas sued TikTok and Facebook parent Meta on Tuesday, claiming the social media companies were misleading consumers about the safety of children on their platforms and protections of users’ private data. The …
Typhoon-Prone Philippines to Launch Insurance Plan for Infrastructure Losses
Insurance Journal | March 30, 2023
Typhoon-Prone Philippines to Launch Insurance Plan for Infrastructure Losses
The Philippines is readying an insurance plan that will protect the Southeast Asian nation from infrastructure losses caused by natural disasters, seeking to better respond to climate change risks. The government will put in place a national indemnity insurance program …
At Trial, Minnesota Says Juul Targets Kids
Insurance Journal | March 30, 2023
At Trial, Minnesota Says Juul Targets Kids
MINNEAPOLIS (AP) – Minnesota Attorney General Keith Ellison personally opened his state’s case against Juul Labs on Tuesday, accusing the e-cigarette maker of using “slick products, clever ads and attractive flavors” to hook children on nicotine as the first of …
BHP Group Seeks to Delay $44B Brazil Dam Court Case in London
Insurance Journal | March 30, 2023
BHP Group Seeks to Delay $44B Brazil Dam Court Case in London
Mining group BHP Group is seeking to delay a potential 36 billion pound ($44 billion) London lawsuit over Brazil’s worst environmental disaster as it needs more time to prepare, the company’s lawyers said on Wednesday. The world’s biggest miner by …
Swiss Re Faces $6.3M Claim Over Sex Discrimination, Unfair Dismissal
Insurance Journal | March 30, 2023
Swiss Re Faces $6.3M Claim Over Sex Discrimination, Unfair Dismissal
A former Swiss Re underwriter, who last year won a sex and maternity discrimination and unfair dismissal case, is seeking 5.1 million pounds ($6.3 million) in compensation and told a London court she wants to retrain as a Baptist pastor. …