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Category: Insurance Journal

Taiwan Rushes to Prevent China From Cutting Internet, Phones
Insurance Journal | May 30, 2023
Taiwan Rushes to Prevent China From Cutting Internet, Phones
Buffeted by earthquakes and the potential of conflict with China, Taiwan’s leaders want to accelerate plans to make the island more resilient to communications breakdowns and direct attacks on its digital infrastructure. It could be an impossible task. Audrey Tang, …
Japan’s Largest Insurer Joins Defectors From Climate Group
Insurance Journal | May 30, 2023
Japan’s Largest Insurer Joins Defectors From Climate Group
Tokio Marine Holdings Inc., Japan’s largest insurer by market value, is withdrawing from the Net Zero Insurance Alliance, the latest in a wave of defections from the world’s biggest climate alliance for insurers. The company declined to give a reason …
Germany’s Talanx Buys Liberty Mutual’s Latin American Business for 1.38 Billion Euros
Insurance Journal | May 30, 2023
Germany’s Talanx Buys Liberty Mutual’s Latin American Business for 1.38 Billion Euros
Germany’s Talanx said on Saturday it had acquired Liberty Mutual Insurance’s Latin America business for about 1.38 billion euros ($1.52 billion), through its subsidiary HDI International. “The acquisition encompasses Liberty’s retail business in Brazil, Chile, Colombia and Ecuador,” Talanx said, …
Tipster On Ericsson Won SEC’s Largest Ever $279M Whistleblower Award
Insurance Journal | May 30, 2023
Tipster On Ericsson Won SEC’s Largest Ever $279M Whistleblower Award
The record $279 million whistleblower award issued by the U.S. Securities and Exchange Commission earlier this month stemmed from a bribery case against Swedish telecommunications company Ericsson, the Wall Street Journal reported on Friday. The award from the regulator’s cash-for-tip …
Jury Says Google Owes Sonos $32.5M in Smart-Speaker Patent Case
Insurance Journal | May 30, 2023
Jury Says Google Owes Sonos $32.5M in Smart-Speaker Patent Case
Alphabet Inc’s Google must pay $32.5 million in damages for infringing one of smart-speaker maker Sonos Inc’s patents in its wireless audio devices, a San Francisco federal jury decided on Friday. The case is part of a sprawling intellectual property …
State Farm to Cease Accepting New Applications for Business and Personal Lines P/C in California
Insurance Journal | May 27, 2023
State Farm to Cease Accepting New Applications for Business and Personal Lines P/C in California
An insurer group was quick to respond over the weekend after State Farm announced it will cease accepting new applications for business and personal lines property/casualty in California to deal with increased risks and higher construction costs. The American Property …
Midwest States Consider Relaxing Child Labor Laws to Address Worker Shortages
Insurance Journal | May 26, 2023
Midwest States Consider Relaxing Child Labor Laws to Address Worker Shortages
MADISON, Wis. (AP) – Lawmakers in several states are embracing legislation to let children work in more hazardous occupations, longer hours on school nights and in expanded roles including serving alcohol in bars and restaurants as young as 14. The …
New Orleans TV Station Airs MMA Partner’s Admissions During Staff Meeting
Insurance Journal | May 26, 2023
New Orleans TV Station Airs MMA Partner’s Admissions During Staff Meeting
A New Orleans television station broadcast an audio recording of a founding partner of the McClenny Moseley & Associates law firm admitting that his law firm used a roofing company and a marketing firm to sign on clients. 4WWL’s Eyewitness …
Fatal Blaze at Texas Refinery to Result in Lawsuits Against Oil Refiner Marathon
Insurance Journal | May 26, 2023
Fatal Blaze at Texas Refinery to Result in Lawsuits Against Oil Refiner Marathon
HOUSTON – Attorneys representing the family of a worker who was killed in a fire at a Texas City, Texas, refinery and another worker who was hospitalized said on Wednesday they have filed or would soon file injury claims against …
Major New Mexico Transmission Line OK’d for Renewable Energy in West
Insurance Journal | May 19, 2023
Major New Mexico Transmission Line OK’d for Renewable Energy in West
The U.S. government is greenlighting a proposed multibillion-dollar transmission line that would send primarily wind-generated electricity from the rural plains of New Mexico to big cities in the West. The Interior Department announced its record of decision for the SunZia …