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Category: Insurance Journal

Pakistan’s Catastrophic Flood Damage Estimated to Cost $40 Billion: Officials
Insurance Journal | October 20, 2022
Pakistan’s Catastrophic Flood Damage Estimated to Cost $40 Billion: Officials
The damage from this summer’s catastrophic flooding in Pakistan is now estimated at $40 billion, as much as 25% higher than projections a month ago in another blow to the cash-strapped country. The new estimate was shared in the first …
Insurers Increasingly Withdraw From Fossil Fuel Projects: Climate Activists’ Report
Insurance Journal | October 20, 2022
Insurers Increasingly Withdraw From Fossil Fuel Projects: Climate Activists’ Report
Insurance companies that have long said they’ll cover anything, at the right price, are increasingly ruling out fossil fuel projects because of climate change – to cheers from environmental campaigners. More than a dozen groups that track what policies insurers …
Australia’s No. 1 Health Insurer Confirms Massive Data Breach, Theft of Patient Details
Insurance Journal | October 20, 2022
Australia’s No. 1 Health Insurer Confirms Massive Data Breach, Theft of Patient Details
Australia’s biggest health insurer said on Thursday a criminal had apparently stolen customers’ medical information as part of a massive breach of data, fueling concern about a wave of high-profile cyber attacks. Medibank Private Ltd., which covers one-sixth of Australians, …
Court Dismisses 32 COVID-19 Business Insurance Cases Against Erie Insurance
Insurance Journal | October 20, 2022
Court Dismisses 32 COVID-19 Business Insurance Cases Against Erie Insurance
A federal judge has dismissed 32 lawsuits over COVID-19 business interruption insurance claims against Erie Insurance, concluding the claimants failed to “plausibly plead” that they are entitled to coverage under their Erie policies. The ruling by U.S. District Judge Mark …
Planned Parenthood Sued by Worker Fired After Racism Claim
Insurance Journal | October 20, 2022
Planned Parenthood Sued by Worker Fired After Racism Claim
A Planned Parenthood Federation of America employee responsible for expanding the organization’s visibility among Black and Latinx communities claims in a lawsuit she was fired last year after complaining about systemic racial discrimination at the US nonprofit. Nicole Moore, the …
Vermont School Board to Sue Monsanto Over PCB Contamination That Closed School
Insurance Journal | October 20, 2022
Vermont School Board to Sue Monsanto Over PCB Contamination That Closed School
The school board in Vermont’s largest city plans to sue the manufacturer of chemicals that forced the closure of Burlington High School, officials said. Burlington School District officials last Thursday announced plans to sue agro-chemical giant Monsanto after PCBs were …
People Moves: California Insurance Commissioner Names Members to Statewide Boards
Insurance Journal | October 20, 2022
People Moves: California Insurance Commissioner Names Members to Statewide Boards
California Insurance Commissioner Ricardo Lara announced several appointments to the California Automobile Assigned Risk Plan Advisory Committee, the Curriculum Board and the Workers’ Compensation Insurance Rating Bureau Governing Committee. These statewide programs are based in Sacramento. Newly appointed members include: …
Pipeline Operator Agrees to $50M California Spill Settlement
Insurance Journal | October 20, 2022
Pipeline Operator Agrees to $50M California Spill Settlement
A pipeline operator has agreed to pay $50 million to thousands of Southern California fishermen, tourism companies and property owners who sued after an offshore oil spill last year near Huntington Beach. A proposed settlement between Amplify Energy Corp., which …
$32M to Settle California Lawsuit Over Boy’s Abuse Death
Insurance Journal | October 20, 2022
$32M to Settle California Lawsuit Over Boy’s Abuse Death
Los Angeles County agreed to pay $32 million to the family of a 10-year-old boy who died after allegedly being tortured and abused by his mother and her boyfriend. The Board of Supervisors unanimously approved a deal in a lawsuit …
IICF Launches Hurricane Ian Relief Fund
Insurance Journal | October 10, 2022
IICF Launches Hurricane Ian Relief Fund
The Insurance Industry Charitable Foundation (IICF) has launched the IICF Hurricane Ian Relief Fund to support those in need in the wake of Hurricane Ian. Funds will benefit Team Rubicon, a nonprofit providing emergency response and relief throughout affected areas, …