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Category: Insurance Journal

Upstate Jury Says Harley-Davidson Must Pay $287 Million for Fatal ‘Trike’ Accident
Insurance Journal | August 20, 2024
Upstate Jury Says Harley-Davidson Must Pay $287 Million for Fatal ‘Trike’ Accident
An upstate New York jury has awarded more than $287 million in punitive damages and other compensation to a man and the estate of his deceased girlfriend following a fatal accident involving their Harley-Davidson “trike” motorcycle. The Livingston County Supreme …
One Killed After Natural Gas Pipeline Explodes In Louisiana
Insurance Journal | August 20, 2024
One Killed After Natural Gas Pipeline Explodes In Louisiana
The US Coast Guard is investigating a fatal blast at a natural gas pipeline in Louisiana. A contractor working on a pipeline near South Pass, Louisiana, went missing after an explosion and fire late Saturday, Coast Guard spokesman Ryan Schultz …
CIAB: Clear Evidence of Softening Commercial P/C Market Conditions in Q2
Insurance Journal | August 20, 2024
CIAB: Clear Evidence of Softening Commercial P/C Market Conditions in Q2
Commercial property/casualty premium increases in the second quarter 2024 were flat or down from the previous quarter for all lines of business—evidence of a softening insurance market, according to The Council of Insurance Agents & Brokers (CIAB) quarterly survey. Premiums …
Kansas to Pay $50K Settlement Over a Transgender Highway Patrol Employee’s Firing
Insurance Journal | August 20, 2024
Kansas to Pay $50K Settlement Over a Transgender Highway Patrol Employee’s Firing
TOPEKA, Kan. (AP) — Kansas will pay $50,000 to settle a federal anti-discrimination lawsuit filed by a former state Highway Patrol employee who claimed to have been fired for coming out as transgender. Democratic Gov. Laura Kelly and eight leaders …
Texas Grid Faces Biggest Test of Summer With Extreme Heat
Insurance Journal | August 20, 2024
Texas Grid Faces Biggest Test of Summer With Extreme Heat
Texas is facing its biggest test of the summer this week to keep the power on — and air conditioners running — as temperatures hit triple digits and push electricity consumption to all-time highs. Power use on the state grid …
Racer Scott Bloomquist Remembered After Plane Crash in Tennessee
Insurance Journal | August 20, 2024
Racer Scott Bloomquist Remembered After Plane Crash in Tennessee
Scott Bloomquist, a dirt track race car driver who was known for his bravado and for being one of the sport’s best, died Friday in a plane crash on his family’s farm in Mooresburg, Tennessee, friends and local officials said. …
Trump Pitches $3 Billion in Condos at Miami-Area Golf Course
Insurance Journal | August 20, 2024
Trump Pitches $3 Billion in Condos at Miami-Area Golf Course
Donald Trump wants to sell more high-end condos in the US, this time using a famously difficult Florida golf course as a draw. The former president’s family business is seeking to build residences and retail inside the Trump National Doral …
Update: Taiwan’s CTBC Financial Plans to Buy Rival Shin Kong
Insurance Journal | August 20, 2024
Update: Taiwan’s CTBC Financial Plans to Buy Rival Shin Kong
Taiwan’s CTBC Financial Holding Co. said it plans to buy smaller rival Shin Kong Financial Holding Co., a move that could form the island’s largest financial conglomerate. Amid speculation swirling of a takeover, the Taipei-based firm announced it will file …
Storms Threaten Mediterranean From Sicily to Ionian Sea Islands
Insurance Journal | August 20, 2024
Storms Threaten Mediterranean From Sicily to Ionian Sea Islands
Thunderstorms are forecast across the Mediterranean from Corfu to Sicily, where a luxury yacht sank off the coast on Monday after being struck by a waterspout, a form of tornado. Orange storms alerts are in place for a swath of …
Morgan Stanley’s and Hiscox’s Bloomer Among Those Missing After Yacht Sinks
Insurance Journal | August 20, 2024
Morgan Stanley’s and Hiscox’s Bloomer Among Those Missing After Yacht Sinks
Morgan Stanley International chairman Jonathan Bloomer is among those confirmed missing by Italian authorities along with British tech entrepreneur Mike Lynch after the luxury yacht they were on board sank off the coast of Sicily early Monday. The head of …