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Tag: insurance-journal

J&J to Pay $40.5M to Settle New Hampshire Lawsuit, Avoid Trial Over Opioid Marketing
Insurance Journal | September 1, 2022
J&J to Pay $40.5M to Settle New Hampshire Lawsuit, Avoid Trial Over Opioid Marketing
Johnson & Johnson has agreed to pay $40.5 million to settle New Hampshire’s claims over the company’s role in the opioid epidemic, averting a trial that had been scheduled to begin next week. Thursday’s settlement resolves a lawsuit brought in …
Markets/Coverages: Beazley, Paragon Partner on Weather Guard; Praedicat, Experian Collaborate on D&O Models; Armadillo Expands With 100 Agencies
Insurance Journal | September 1, 2022
Markets/Coverages: Beazley, Paragon Partner on Weather Guard; Praedicat, Experian Collaborate on D&O Models; Armadillo Expands With 100 Agencies
Beazley to enter distribution partnership with Paragon for Weather Guard Specialty insurer Beazley announced a new, efficient and effective online portal solution for its leading Weather Guard product. The new robust online portal, created in partnership with Paragon, will provide …
Insurer Loses $500K in Beer Pong Challenge by Badly Misplaying Liquor Liability Claim
Insurance Journal | September 1, 2022
Insurer Loses $500K in Beer Pong Challenge by Badly Misplaying Liquor Liability Claim
An insurer that mishandled a liquor liability claim resulting from a fight after a beer pong tournament has discovered the tab is considerably bigger than it first thought. Hospitality Mutual Insurance Co. will have to pay $500,000 plus legal costs …
California Wildfires Lead to Evacuations Amid Heat Wave
Insurance Journal | September 1, 2022
California Wildfires Lead to Evacuations Amid Heat Wave
California wildfires erupted Wednesday in rural areas, racing through bone-dry brush and prompting evacuations as the state sweltered under a heat wave that could last through Labor Day. Gov. Gavin Newsom declared a state of emergency with temperatures expected to …
Italian Oil Giant Eni Hit by Cyber Attack
Insurance Journal | September 1, 2022
Italian Oil Giant Eni Hit by Cyber Attack
The Italian oil giant Eni SpA said Wednesday that its computer networks were hacked in recent days and that the consequences so far appeared to be minor. “Eni confirms that the internal protection systems have detected unauthorized access to the …
EU Urged to Simplify Life for Companies by Aligning Climate Reporting With Int’l Rules
Insurance Journal | September 1, 2022
EU Urged to Simplify Life for Companies by Aligning Climate Reporting With Int’l Rules
The European Union should make extra time to align its policies with international rules on reporting on climate change to save time in the long run and simplify life for companies, global standard setting board said on Wednesday. That could …
London’s Financial Services Firms See Potential in Liz Truss’ ‘Radical’ Policies
Insurance Journal | September 1, 2022
London’s Financial Services Firms See Potential in Liz Truss’ ‘Radical’ Policies
After an international career in finance, a rapid political rise and high profile as chancellor of the exchequer during the pandemic, Rishi Sunak must have expected the full-throated backing of the financial sector when he made a bid to lead …
Mapping US Coastlines May ‘Drive More Equality’ in Climate Adaptation Policy
Insurance Journal | September 1, 2022
Mapping US Coastlines May ‘Drive More Equality’ in Climate Adaptation Policy
A Canadian technology company is using aerial imagery to build high-precision maps of US shorelines that will be used to help coastal communities adapt to climate change. By cataloguing which neighborhoods have more impervious surfaces like sidewalks and driveways compared …
Starbucks Executives, Directors Are Sued Over Diversity Policies
Insurance Journal | September 1, 2022
Starbucks Executives, Directors Are Sued Over Diversity Policies
Starbucks Corp. executives and directors have been sued by a conservative think tank that believes the coffee chain’s efforts to promote diversity amount to racial discrimination. In a complaint filed on Tuesday, the National Center for Public Policy Research objected …
More Frequent, More Expensive Cyberattacks Spur US Spending on IT
Insurance Journal | September 1, 2022
More Frequent, More Expensive Cyberattacks Spur US Spending on IT
A new study from insurer Hiscox shows that cyberattacks on U.S. businesses are more frequent and more expensive than ever before. The annual Hiscox Cyber Readiness Report, which gauges businesses’ preparedness to combat cyber incidents and breaches, surveyed over 5,000 …