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Category: Insurance Journal

Body of Last Missing Construction Worker Recovered from Baltimore Bridge Site
Insurance Journal | May 10, 2024
Body of Last Missing Construction Worker Recovered from Baltimore Bridge Site
The body of the last missing construction worker killed in the collapse of Baltimore’s Francis Scott Key Bridge in March has been recovered, officials announced Tuesday as demolition crews prepared to use explosives in the ongoing cleanup effort. Officials said …
New York City Jail Guard Suffers Burns When Body Camera Ignites
Insurance Journal | May 10, 2024
New York City Jail Guard Suffers Burns When Body Camera Ignites
A captain in New York City’s Department of Correction suffered burns and smoke inhalation when her body camera suddenly caught fire, prompting the department to stop using the equipment pending an investigation. The captain was on duty at the Rikers …
Markets/Coverages: Mosaic Launches Suite of Professional Liability Products for Specialist Engineers
Insurance Journal | May 10, 2024
Markets/Coverages: Mosaic Launches Suite of Professional Liability Products for Specialist Engineers
Mosaic Insurance, the Bermuda-based specialty insurer, has launched a suite of professional liability products for specialist engineers, offering $15 million in targeted primary coverage for unique risks. The new form offers a dedicated product, with core coverage of professional liability, …
Google Fights $17 Billion UK Lawsuit Over Adtech Practices
Insurance Journal | May 10, 2024
Google Fights $17 Billion UK Lawsuit Over Adtech Practices
Google parent Alphabet has urged a London tribunal to block a mass lawsuit which accuses it of abusing its dominance in the online advertising market, in the latest case to focus on the search giant’s business practices. The lawsuit seeks …
TWIA Board Approves $500M Line of Credit Ahead of 2024 Storm Season
Insurance Journal | May 10, 2024
TWIA Board Approves $500M Line of Credit Ahead of 2024 Storm Season
The Texas Windstorm Insurance Association (TWIA) Board of Directors met in Austin on May 7 for its second quarterly meeting of the year, where it completed financial preparations for the 2024 storm season. TWIA’s board voted secure a $500 million …
White House to Push Cybersecurity Standards on Hospitals
Insurance Journal | May 10, 2024
White House to Push Cybersecurity Standards on Hospitals
The Biden administration intends to require hospitals to meet minimum cybersecurity standards after a single hack exposed the data of 100 million Americans. “We look to putting in place minimum cybersecurity standards for hospitals in the near term,” Anne Neuberger, …
Tech Update: Aon Updates Its Pricing Platform to Enhance Underwriting Decisions
Insurance Journal | May 10, 2024
Tech Update: Aon Updates Its Pricing Platform to Enhance Underwriting Decisions
Insurance broker Aon plc announced an update to its Pricing Platform that aims to bring enhanced visualization and automation capabilities to re/insurance underwriters. The software update has also added new business lines including U.S. Financial lines and Cyber, as well …
Former Louisiana Lawmaker James D. Cain Passes Away
Insurance Journal | May 10, 2024
Former Louisiana Lawmaker James D. Cain Passes Away
Former Louisiana lawmaker James David Cain passed away on May 8, Insurance Commissioner Tim Temple announced. Cain served 20 years in the Louisiana House of Representatives and another 16 years in the Louisiana Senate, where he led the Insurance and …
Survivors of Alleged Abuse in Illinois Youth Detention Facilities Speak Out
Insurance Journal | May 10, 2024
Survivors of Alleged Abuse in Illinois Youth Detention Facilities Speak Out
CHICAGO (AP) — Three men who say they were sexually abused as children while incarcerated at Illinois juvenile detention centers came forward Tuesday as part of a lawsuit that chronicles decades of disturbing allegations of systemic child abuse. Calvin McDowell, …
Mexico Is Battling 159 Active Wildfires
Insurance Journal | May 10, 2024
Mexico Is Battling 159 Active Wildfires
Mexico is fighting 159 active wildfires across the country amid the year’s second heat wave that has also put the nation’s power grid under stress. Mexico’s national weather service issued an alert that at least 12 states would experience temperatures …