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Tag: insurance-journal

About 33 Million U.S. Homes at Risk of Hurricane-Force Winds: CoreLogic
Insurance Journal | June 1, 2023
About 33 Million U.S. Homes at Risk of Hurricane-Force Winds: CoreLogic
According to an analysis by CoreLogic, about 33 million U.S. homes with a combined reconstruction cost value of $11.6 trillion are at risk of hurricane-force winds. CoreLogic released its 2023 Hurricane Risk Report to mark the start of the Atlantic …
Florida Governor Signs Insurer Accountability, Wind-Mit Discount Bills Into Law
Insurance Journal | June 1, 2023
Florida Governor Signs Insurer Accountability, Wind-Mit Discount Bills Into Law
Florida’s governor this week signed the Insurer Accountability Act and two other bills that put new restrictions on insurers and require premium discounts for homeowners’ wind-mitigation efforts. Senate Bill 7052 was passed this spring after the Florida Legislature approved controversial …
Former Wells Fargo Exec Settles SEC Fraud Charges, to Pay $3M
Insurance Journal | June 1, 2023
Former Wells Fargo Exec Settles SEC Fraud Charges, to Pay $3M
The former head of Wells Fargo & Co’s WFC.N retail bank agreed to pay a $3 million penalty to settle U.S. Securities and Exchange Commission fraud charges for misleading investors about sales practices used to inflate a performance metric, the …
Ransomware Attack on Bioscience Firm Exposes Clinical Test Data on 2.5M People
Insurance Journal | June 1, 2023
Ransomware Attack on Bioscience Firm Exposes Clinical Test Data on 2.5M People
The New York-based biotech and life sciences company Enzo Biochem reported it was hit by a ransomware attack on April 6. The company has since reported that clinical test information of approximately 2,470,000 individuals was accessed and possibly acquired in …
Singapore Detains Record Number of Oil, Chemical Tankers as Dark Fleet Grows
Insurance Journal | June 1, 2023
Singapore Detains Record Number of Oil, Chemical Tankers as Dark Fleet Grows
Singapore’s detentions of oil and chemicals tankers have surged since early last year, highlighting growing concerns over the environmental and safety impact of an expanding fleet of aging vessels plying major shipping lanes. The city-state has held 33 ships for …
School Bus, Tanker Truck Collide, Sending 18 to Hospital
Insurance Journal | June 1, 2023
School Bus, Tanker Truck Collide, Sending 18 to Hospital
A school bus collided with a tanker truck in South Carolina, sending at least 18 people, mostly children, to the hospital, authorities said. The bus was carrying 36 passengers when it collided with the tanker at about 4 p. m. …
Georgia Supreme Court Upholds Professors’ Challenge to Allowing Guns on Campus
Insurance Journal | June 1, 2023
Georgia Supreme Court Upholds Professors’ Challenge to Allowing Guns on Campus
Georgia’s highest court this week upheld a lower court ruling that dismissed a lawsuit brought by five college professors challenging the removal of public colleges and universities from a list of “school safety zones” where weapons are prohibited. Before the …
Markets/Coverages: W. R. Berkley Corporation Forms Berkley Specialty Excess
Insurance Journal | June 1, 2023
Markets/Coverages: W. R. Berkley Corporation Forms Berkley Specialty Excess
W. R. Berkley Corporation said it has formed Berkley Specialty Excess to offer excess liability coverages in specialized markets, with an initial focus on the environmental and energy industries. John Termini has been named president of the new business, effective …
New Zealand Offers to Buy Out Owners of Cyclone, Flood-Damaged Homes
Insurance Journal | June 1, 2023
New Zealand Offers to Buy Out Owners of Cyclone, Flood-Damaged Homes
New Zealand’s government will help to buy out the owners of cyclone and flood-damaged houses in areas deemed susceptible to severe weather events, beginning a process of managed retreat in the face of climate change. Together with local councils, the …
Truck Driver Indicted After Deadly Oregon Crash That Killed 7 Farmworkers
Insurance Journal | June 1, 2023
Truck Driver Indicted After Deadly Oregon Crash That Killed 7 Farmworkers
The driver of the semitruck involved in a fatal crash on Interstate 5 in Oregon earlier this month that left seven farmworkers dead has been indicted on charges of manslaughter, court documents show. A grand jury in Marion County Court …