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Tag: insurance-journal

Litigation Funders Are Fueling a Rise in UK Class Actions
Insurance Journal | August 10, 2022
Litigation Funders Are Fueling a Rise in UK Class Actions
Financiers are helping to fuel a rise in U.S.-style class-action lawsuits in the UK courts, lured by the promise of big payouts. The British litigation finance industry — which pays legal fees upfront and shares in any eventual payout — …
Biden Approves Disaster Declaration for St. Louis Flooding
Insurance Journal | August 10, 2022
Biden Approves Disaster Declaration for St. Louis Flooding
President Joe Biden approved Governor Mike Parson’s request August 8 for a major disaster declaration for Missouri in response to the severe flooding that impacted the St. Louis region from July 25 to July 28. The disaster declaration makes the …
5th Circuit: Employer Fired for Sleepwalking Loses ADA Case
Insurance Journal | August 10, 2022
5th Circuit: Employer Fired for Sleepwalking Loses ADA Case
An employee fired for unsolicitedly sleepwalking into a colleague’s hotel room during an out-of-town conference has no disability discrimination claim, a three-judge panel of the 5th U.S. Circuit Court of Appeals ruled last month. Jennifer Harkey, a sales specialist for …
Louisiana Policyholders Recover $129 Million
Insurance Journal | August 10, 2022
Louisiana Policyholders Recover $129 Million
Commissioner Jim Donelon announced the Louisiana Department of Insurance (LDI) recovered funds of $129 million in addition to the original amounts offered by insurance companies in Fiscal Year 2021-2022. The additional money is the result of consumers filing complaints with …
Worst Storm in Century Floods Seoul, Killing at Least 9, With More Rain Expected
Insurance Journal | August 10, 2022
Worst Storm in Century Floods Seoul, Killing at Least 9, With More Rain Expected
More rain is on tap for areas of South Korea as Seoul tried to drain flooded train stations and repair cut power lines after one of the worst storms in more than a century hit the capital, killing at least …
Ex-Workers at Malaysia Supplier Sue Kimberly-Clark, Ansell Over Alleged Forced Labor
Insurance Journal | August 10, 2022
Ex-Workers at Malaysia Supplier Sue Kimberly-Clark, Ansell Over Alleged Forced Labor
KUALA LUMPUR – Former workers at Malaysian rubber glove maker Brightway Holdings filed a lawsuit in the United States against Kimberly-Clark Corp. and Ansell Ltd., accusing them of “knowingly profiting” from the alleged use of forced labor at the supplier, …
UK Financial Services Firms Suffer From Record Skills Shortage
Insurance Journal | August 10, 2022
UK Financial Services Firms Suffer From Record Skills Shortage
UK finance firms are struggling with its worst job vacancy rates on record, underlining the skills shortage caused by digitization in banking, investing and insurance. The industry had more than five vacancies unfilled for every 100 jobs between April and …
Majority of Young Homeowners Expect Their Homes to Be Damaged by Extreme Weather in Next 30 Years
Insurance Journal | August 10, 2022
Majority of Young Homeowners Expect Their Homes to Be Damaged by Extreme Weather in Next 30 Years
Young homeowners are more concerned about the damage climate change-related extreme weather could do to their homes, according to a new survey from Policygenius. The survey found that 72 percent of young insured homeowners (age 18 to 34) believe it …
Tennessee Launches its Own Captive Insurance Company for Cyber, Property
Insurance Journal | August 10, 2022
Tennessee Launches its Own Captive Insurance Company for Cyber, Property
Tennessee regulators, who for years have touted the state as a comfortable home for captive insurance companies, have announced that the state government has created its own captive. The state is self-insured for property and general liability, but the Tennessee …
People Moves: Michael Smith Joins Palomar Insurance
Insurance Journal | August 10, 2022
People Moves: Michael Smith Joins Palomar Insurance
Michael Smith has joined the Palomar Insurance Corp. sales team as an account executive specializing in transportation risk management. Palomar Insurance is headquartered in Montgomery, Alabama, with offices in Georgia, Tennessee, and South Carolina. It offers programs for U.S. and …