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Tag: insurance-journal

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 …
Massachusetts Lawmakers Advance ‘Hot Work’ Oversiight Bill
Insurance Journal | April 1, 2024
Massachusetts Lawmakers Advance ‘Hot Work’ Oversiight Bill
A decade after two firefighters died when they became trapped in a brownstone in Boston’s historic Back Bay neighborhood by a fire caused by sparks from welders working next door, the Massachusetts Senate passed a bill Thursday aimed at toughening …
US Finalizes New Tailpipe Emissions Limits for Heavy Duty Vehicles
Insurance Journal | April 1, 2024
US Finalizes New Tailpipe Emissions Limits for Heavy Duty Vehicles
The U.S. government said on Friday it was finalizing tighter tailpipe emissions standards for heavy duty vehicles like semi-trucks and buses, but the new rules would not be as strict as initially proposed in 2023. The Environmental Protection Agency (EPA) …
Other Major US Bridge Collapses Caused by Ships and Barges
Insurance Journal | April 1, 2024
Other Major US Bridge Collapses Caused by Ships and Barges
A container ship struck a major bridge in Baltimore early Tuesday, [March 26] causing it to plunge into the river below. From 1960 to 2015, there were 35 major bridge collapses worldwide due to ship or barge collision, with a …