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Category: Insurance Journal

Investigation Started into Plane Crash That Killed Several People in North Carolina
Insurance Journal | October 1, 2024
Investigation Started into Plane Crash That Killed Several People in North Carolina
MANTEO, N.C. (AP) — Federal authorities were investigating this week after multiple people died when a single-engine plane crashed Saturday afternoon in a wooded area at Wright Brothers National Memorial’s First Flight Airport, the National Park Service said. The crash …
Florida’s Heritage Stock Price Drops After ’60 Minutes’ Report on Adjusters
Insurance Journal | October 1, 2024
Florida’s Heritage Stock Price Drops After ’60 Minutes’ Report on Adjusters
Just as Florida property insurers face another round of storm claims, CBS News has raised questions about alleged insurer fraud stemming from claims incurred in the last major storm – Hurricane Ian, which hit much of southwest Florida two years …
Jury Awards $300M to 3 Women Over Alleged Sex Abuse by Virginia Doctor
Insurance Journal | October 1, 2024
Jury Awards $300M to 3 Women Over Alleged Sex Abuse by Virginia Doctor
A jury has ruled in favor of three women who alleged they were sexually abused while patients at a Virginia children’s hospital, awarding them a total of $300 million in damages. The jury in Richmond Circuit Court on Friday awarded …
Cruise Gets More Oversight After California Robotaxi Dragging Incident
Insurance Journal | October 1, 2024
Cruise Gets More Oversight After California Robotaxi Dragging Incident
General Motors Co.’s robotaxi company will undergo tougher oversight and pay a fine to settle claims by US auto safety regulators that it failed to properly disclose information about a crash involving one of its cars that struck and dragged …
Sanctioned Tanker With LNG Cargo Passes via Suez Canal, Data Shows
Insurance Journal | September 30, 2024
Sanctioned Tanker With LNG Cargo Passes via Suez Canal, Data Shows
The Pioneer tanker, sanctioned by the United States over its links to Russia-sourced liquefied natural gas (LNG), has passed through the Suez Canal with an LNG cargo, LSEG data showed on Monday. The source of the LNG and Palau-flagged Pioneer’s …
Southern Water’s Credit Risk at Record High Amid Thames Water Woes
Insurance Journal | September 30, 2024
Southern Water’s Credit Risk at Record High Amid Thames Water Woes
Southern Water’s credit risk has soared to a record high in recent days as hedge funds scramble to protect themselves against the possibility of default at the UK water company. The curve on the utility firm’s credit default swaps is …
Taiwan Warns of Storm Surge From Powerful Typhoon Krathon, Mobilizes Troops
Insurance Journal | September 30, 2024
Taiwan Warns of Storm Surge From Powerful Typhoon Krathon, Mobilizes Troops
Taiwan mobilized nearly 40,000 troops on Tuesday to bolster rescue efforts as the powerful Typhoon Krathon approaching its populous southwest coast is expected to bring a storm surge and the coast guard raced to locate 19 sailors who abandoned ship. …
New Orleans, DOJ Move to End Police Department’s Consent Decree
Insurance Journal | September 30, 2024
New Orleans, DOJ Move to End Police Department’s Consent Decree
NEW ORLEANS (AP) — New Orleans and the U.S. Department of Justice filed a motion Friday in federal court to take steps to end long-standing federal oversight of the city’s police department. The city and the federal government had agreed …
Texas Farmers and Ranchers Sound Alarm Over Languishing Farm Bill
Insurance Journal | September 30, 2024
Texas Farmers and Ranchers Sound Alarm Over Languishing Farm Bill
LUBBOCK — Federal lawmakers are sounding the alarm on the economic catastrophe that could happen if a new farm bill isn’t passed by the end of this year, now that the 2018 version has officially expired. Since it was introduced …
Appeals Court Sends Back Part of Dakota Access Pipeline Protestor’s Excessive Force Lawsuit
Insurance Journal | September 30, 2024
Appeals Court Sends Back Part of Dakota Access Pipeline Protestor’s Excessive Force Lawsuit
BISMARCK, N.D. (AP) — An appeals court has sent back part of a lawsuit brought by a protester of the Dakota Access oil pipeline, who alleged excessive force by law enforcement officers. Eric Poemoceah, of Oklahoma, filed the federal court …