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Category: Insurance Journal

How Will the Antitrust Showdown Launched Under Biden Change Under Trump?
Insurance Journal | November 20, 2024
How Will the Antitrust Showdown Launched Under Biden Change Under Trump?
The U.S. antitrust watchdogs that pounced on Big Tech and deterred corporate deal making throughout President Joe Biden’s administration may be kept on a shorter leash by Donald Trump after he returns to the White House next year. Although regulators …
Markets/Coverages: Rokstone Launches Global Parametric Product
Insurance Journal | November 20, 2024
Markets/Coverages: Rokstone Launches Global Parametric Product
Rokstone, the London-based speciality re/insurance MGA that is part of the Aventum Group, has launched Rokstone Parametric in partnership with NormanMax Lloyd’s Syndicate 3939. With an initial US$10 million worldwide facility, the product covers earthquake, hurricane, tropical cyclone and typhoon, …
Slot Machine Operator International Game Reports Hacker Incident
Insurance Journal | November 20, 2024
Slot Machine Operator International Game Reports Hacker Incident
International Game Technology Plc, operator of popular slot machines in casinos, said an unauthorized third party gained access to certain of its systems. The company has experienced disruptions in portions of its internal information technology systems and applications resulting from …
Judge Weighs ‘Real Housewives of New York’ Cast Member’s Abuse Allegations
Insurance Journal | November 20, 2024
Judge Weighs ‘Real Housewives of New York’ Cast Member’s Abuse Allegations
The lawyer for a former cast member of the “Real Housewives of New York” told a federal judge Thursday that the First Amendment cannot shield the show’s creators from a lawsuit alleging that the show’s participants were subjected to a …
Modern Cars Are Surveillance Devices on Wheels With Major Privacy Risks: Report
Insurance Journal | November 20, 2024
Modern Cars Are Surveillance Devices on Wheels With Major Privacy Risks: Report
New research reveals serious privacy flaws in the data practices of new internet connected cars in Australia. It’s yet another reason why we need urgent reform of privacy laws. Modern cars are increasingly equipped with internet-enabled features. Your “connected car” …
Accused of Going Too Far, UK Finance Regulator Plots Where to Go Next
Insurance Journal | November 20, 2024
Accused of Going Too Far, UK Finance Regulator Plots Where to Go Next
The UK’s top financial regulator has spent much of its eleven-year history in combat with the industry it oversees, a tone set by its first chief executive Martin Wheatley, whose zeal for fining banks got him ousted in 2015. Now, …
Bank of Spain Estimates Floods Cost 0.2% of GDP in 4th Quarter
Insurance Journal | November 20, 2024
Bank of Spain Estimates Floods Cost 0.2% of GDP in 4th Quarter
Last month’s catastrophic floods in eastern Spain are likely to have a negative impact of 0.2 percentage points on the country’s gross domestic product in the fourth quarter, the Bank of Spain said on Wednesday. More than 200 people died …
US Faces Growing Crisis Over High Traffic Deaths, NTSB Chair Says
Insurance Journal | November 20, 2024
US Faces Growing Crisis Over High Traffic Deaths, NTSB Chair Says
The United States must address a growing public-health crisis over traffic deaths that remain significantly higher than pre-pandemic levels, the head of the National Transportation Safety Board said on Tuesday. “Unlike most developed nations, U.S. roadways have grown more deadly …
US High Court Declines Appeal, Upholds Coverage Ruling on Treated Wood
Insurance Journal | November 20, 2024
US High Court Declines Appeal, Upholds Coverage Ruling on Treated Wood
Insurance carriers may want to examine policy language – and what information they request from insureds – after the U.S. Supreme Court let stand a lower court’s ruling which could force Argo Group to cover claims that a wood-treating company …
California Labor Commissioner Fines Hotel $10M for Worker Recall Law Violations
Insurance Journal | November 20, 2024
California Labor Commissioner Fines Hotel $10M for Worker Recall Law Violations
The Marriott Marquis San Diego Marina was fined $9.4 million by the California Labor Commissioner’s Office for violating the state’s worker recall law. The penalty is for the hotel’s reported failure to rehire 15 employees laid off during the pandemic. …