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Category: Insurance Journal

Alabama Jury: Delivery Worker to Get $1.9M After Fall at Dollar General Store
Insurance Journal | March 20, 2023
Alabama Jury: Delivery Worker to Get $1.9M After Fall at Dollar General Store
An Alabama jury has decided that Dollar General stores must pay almost $2 million to a delivery worker who was injured when a ramp collapsed at a store. Driver Jason Agee in 2019 was pushing a rolling cart full of …
Chile Completes $630M Earthquake Insurance Deal With World Bank
Insurance Journal | March 20, 2023
Chile Completes $630M Earthquake Insurance Deal With World Bank
Chile has agreed to an earthquake insurance program with the World Bank protecting it from $630 million worth of damage from strong earthquakes, in an effort to shore up risks to public debt from possible natural disasters. The insurance will …
Kentucky University Agrees to $14M Settlement in Wrestler’s Death
Insurance Journal | March 20, 2023
Kentucky University Agrees to $14M Settlement in Wrestler’s Death
A Kentucky university has agreed to a settlement of more than $14 million over the death of a student wrestler hours after practice, the school announced. The settlement over the death of junior Grant Brace, 20, of Louisville, Tennessee, includes …
Credit Suisse Rescue Fails to Quell Contagion Fears as Banking Stocks Plummet
Insurance Journal | March 20, 2023
Credit Suisse Rescue Fails to Quell Contagion Fears as Banking Stocks Plummet
Banking stocks and bonds plummeted on Monday as the hit to investors from UBS Group’s state-backed takeover of Credit Suisse fanned concerns about the health of the global banking sector. UBS shares fell by as much as 16% in early …
Scratched EV Battery? Your Insurer May Be Forced to Junk the Whole Car
Insurance Journal | March 20, 2023
Scratched EV Battery? Your Insurer May Be Forced to Junk the Whole Car
For many electric vehicles, there is no way to repair or assess even slightly damaged battery packs after accidents, forcing insurance companies to write off cars with few miles – leading to higher premiums and undercutting gains from going electric. …
In Supreme Court Jack Daniel’s Case, a Free Speech Fight Over a Dog Toy
Insurance Journal | March 20, 2023
In Supreme Court Jack Daniel’s Case, a Free Speech Fight Over a Dog Toy
A trademark dispute over a poop-themed dog toy shaped like a Jack Daniel’s whiskey bottle coming before the U.S. Supreme Court could redefine how the judiciary applies constitutional free speech rights to trademark law. In a case to be argued …
Banking Failures Are Hitting Weed Companies, Too
Insurance Journal | March 20, 2023
Banking Failures Are Hitting Weed Companies, Too
Crypto isn’t the only edgy new industry being roiled by the collapse of several banks. US companies that deal directly with cannabis, a federally illegal substance, are already shut out of large banks. So these companies have increasingly found support …
FTC Asks Social Media, Video Streaming Firms Info on Misleading Ads
Insurance Journal | March 20, 2023
FTC Asks Social Media, Video Streaming Firms Info on Misleading Ads
The U.S. Federal Trade Commission (FTC) on Thursday issued orders to eight social media and video streaming firms including Meta Platforms Inc., Twitter, TikTok and YouTube seeking information on how the platforms screen for misleading advertisements. Snap, Amazon.com Inc-owned Twitch, …
Warren Buffett in Contact With Biden Team on Banking Crisis
Insurance Journal | March 20, 2023
Warren Buffett in Contact With Biden Team on Banking Crisis
Berkshire Hathaway Inc.’s Warren Buffett has been in touch with senior officials in President Joe Biden’s administration in recent days as the regional banking crisis unfolds. There have been multiple conversations between Biden’s team and Buffett in the past week, …
Third Time’s a Charm for Nevada’s Captive-Focused Insurance Commish
Insurance Journal | March 17, 2023
Third Time’s a Charm for Nevada’s Captive-Focused Insurance Commish
Scott Kipper’s list of LinkedIn experiences runs 14 items long, but that’s not so much him bragging. He’s moved around a lot in a career that stretches back more than 30 years. He could have just left off some of …