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Category: Insurance Journal

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 …
Insurers Hit With Thousands of Claims Following Storms and Floods in New Zealand
Insurance Journal | January 30, 2023
Insurers Hit With Thousands of Claims Following Storms and Floods in New Zealand
Major insurers operating in New Zealand including Insurance Australia Group and Suncorp Group have cumulatively received over 9,000 claims so far following severe storms and flooding in and around the biggest city, Auckland. As of Monday morning, Suncorp’s Vero and …
Filipino Workers Say Oil Company Abandoned Them in Hurricane Ida
Insurance Journal | January 30, 2023
Filipino Workers Say Oil Company Abandoned Them in Hurricane Ida
NEW ORLEANS (AP) – As Hurricane Ida struck the Louisiana Gulf Coast in August 2021, Renato Decena and Rosel Hernandez watched the storm punch a hole in the roof of the bunkhouse where they were sheltered _ abandoned, they allege, …
Twitter Asks Judge to Toss Out Proposed Sex Bias Class Action
Insurance Journal | January 30, 2023
Twitter Asks Judge to Toss Out Proposed Sex Bias Class Action
Twitter Inc. has asked a federal judge to toss out a proposed class action claiming the company targeted female employees during its recent mass layoffs, saying the plaintiffs failed to identify any actual discrimination. Twitter said the December lawsuit fails …
Musk Faces SEC Probe for Role in Tesla Self-Driving Claims
Insurance Journal | January 30, 2023
Musk Faces SEC Probe for Role in Tesla Self-Driving Claims
US regulators are investigating Elon Musk’s role in shaping Tesla Inc.’s self-driving car claims, the latest effort by watchdogs to scrutinize the actions of the world’s second-richest person. The review is part of an ongoing Securities and Exchange Commission probe …