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Category: Insurance Journal

Ohio Manufacturer Faces $253K Fine for Employee’s Severe Injuries
Insurance Journal | April 1, 2024
Ohio Manufacturer Faces $253K Fine for Employee’s Severe Injuries
Despite citations from the U.S. Department of Labor’s Occupational Safety and Health Administration for similar hazards at its Shelby, Ohio facility in 2022, ArcelorMittal Tubular Products USA LLC — a subsidiary of one of North America’s largest steel suppliers — …
Russia’s Baltika Sues Carlsberg Subsidiaries for Over $900M in Damages
Insurance Journal | April 1, 2024
Russia’s Baltika Sues Carlsberg Subsidiaries for Over $900M in Damages
Russia’s Baltika Breweries has sued four Carlsberg subsidiaries for damages amounting to 6.24 billion Danish crowns ($902 million), Russian court filings showed, as the two parties fight over the future of Russia’s largest brewer. Moscow took control of Carlsberg’s stake …
Xi Says US CEOs Should Invest in China, Economy Hasn’t Peaked
Insurance Journal | April 1, 2024
Xi Says US CEOs Should Invest in China, Economy Hasn’t Peaked
President Xi Jinping met with a group of American business leaders in Beijing including Blackstone Inc.’s Stephen Schwarzman and Qualcomm Inc.’s Cristiano Amon as China is seeking to restore confidence in the economy and keep relations with the US on …
Tropical Cyclone Makes Landfall in Northern Madagascar, Killing 18 People
Insurance Journal | April 1, 2024
Tropical Cyclone Makes Landfall in Northern Madagascar, Killing 18 People
ANTANANARIVO, Madagascar (AP) — A tropical cyclone that swept across Madagascar has killed 18 people and left four missing after making landfall on the north of the Indian Ocean island nation earlier this week, authorities said on Friday. The storm …
Canadian School Boards Sue Social Media Giants for Over C$4B in Damages
Insurance Journal | April 1, 2024
Canadian School Boards Sue Social Media Giants for Over C$4B in Damages
Four Canadian school boards have sought more than C$4 billion ($2.96 billion) in damages from social media firms such as Meta Platforms and Snap in a lawsuit, alleging that their products harmed students. The products are “negligently designed for compulsive …
Brookfield’s $200 Billion Credit Group Seeks to Lure Insurers
Insurance Journal | April 1, 2024
Brookfield’s $200 Billion Credit Group Seeks to Lure Insurers
Brookfield Asset Management’s newly formed credit arm will cater to its parent’s insurance business and will also pitch other insurers on overseeing their assets, the unit’s chief executive officer says. “What we’ve decided to do is bring all of our …
Bird Flu Found in Michigan, Idaho Cows as Virus Spreads in US
Insurance Journal | April 1, 2024
Bird Flu Found in Michigan, Idaho Cows as Virus Spreads in US
Highly pathogenic avian influenza has been discovered in dairy herds in Michigan and Idaho, indicating the virus is spreading into new US states. The National Veterinary Services Laboratories has confirmed the presence of bird flu in a Michigan herd that …
Rescue Crew Navigate Drones and Fire to Salvage Houthi-Hit Ship
Insurance Journal | April 1, 2024
Rescue Crew Navigate Drones and Fire to Salvage Houthi-Hit Ship
A salvage crew climbing up a fire-ravaged ship lined with barbed wire. A French naval vessel fighting off combat drones. And seafarers navigating through the looming risks of encountering Somali pirates. These are scenes from a perilous mission that began …
11-Year-Old Killed While Trying to Park Snowmobile in Garage
Insurance Journal | April 1, 2024
11-Year-Old Killed While Trying to Park Snowmobile in Garage
An 11-year-old Maine boy crashed a snowmobile and was killed while attempting to park in his family’s garage in Chapman, game wardens said Tuesday. The boy, who was not wearing a helmet, sped across a field and crashed into a …
US Home Insurance Premiums May Hit a Record This Year, Report Warns
Insurance Journal | April 1, 2024
US Home Insurance Premiums May Hit a Record This Year, Report Warns
US home insurance rates are expected to reach a record high this year, with the biggest increases occurring in states prone to severe weather events, according to a new analysis. The average premium for homeowners insurance in the US is …