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Tag: insurance-journal

25 Pacific Palisades Fire Victims Sue LA and Water & Power
Insurance Journal | March 7, 2025
25 Pacific Palisades Fire Victims Sue LA and Water & Power
Twenty-five victims of the Palisades Fire victims filed an inverse condemnation lawsuit in the Los Angeles Superior Court against the City of Los Angeles and the Los Angeles Department of Water and Power, alleging the entities failed to maintain an …
Minnesota Bill Aims to Combat Sexually Explicit, AI-Generated Deepfakes
Insurance Journal | March 7, 2025
Minnesota Bill Aims to Combat Sexually Explicit, AI-Generated Deepfakes
Molly Kelley was stunned to discover in June that someone she knew had used widely available “nudification” technology to create highly realistic and sexually explicit videos and images of her, using family photos that were posted on social media. “My …
FedEx Cargo Plane Makes Emergency Landing After Bird Strike and Engine Fire
Insurance Journal | March 2, 2025
FedEx Cargo Plane Makes Emergency Landing After Bird Strike and Engine Fire
A FedEx cargo plane made an emergency landing at a busy New Jersey airport on Saturday after a bird strike caused an engine fire that could be seen in the morning sky. The plane landed at Newark Liberty International Airport …
J&J Spars With Foes of $9 Billion Talc Cancer Plan as Trial Ends
Insurance Journal | March 2, 2025
J&J Spars With Foes of $9 Billion Talc Cancer Plan as Trial Ends
Johnson & Johnson told a judge its $9 billion proposal to settle baby powder cancer claims in bankruptcy court is the only viable way to end more than 15 years of litigation, while opponents assailed the company’s efforts to line …
Lawsuit Alleges GM Illegally Sold Arkansans’ Driving Data to Insurance Companies
Insurance Journal | February 28, 2025
Lawsuit Alleges GM Illegally Sold Arkansans’ Driving Data to Insurance Companies
Arkansas Attorney General Tim Griffin sued General Motors and its subsidiary OnStar this week, alleging the car manufacturer deceived Arkansans by collecting and selling driver information to third parties, who then sold the data to insurance companies. The lawsuit alleges …
Trial Begins in Texas Pipeline Company’s Lawsuit Over Dakota Access Pipeline Protests
Insurance Journal | February 28, 2025
Trial Begins in Texas Pipeline Company’s Lawsuit Over Dakota Access Pipeline Protests
An attorney for a Texas pipeline company said Wednesday at trial that he will prove various Greenpeace entities coordinated delays and disruptions of a controversial oil pipeline’s construction in North Dakota, and defamed the company to its lenders. Attorneys for …
Texas Lawmakers Introduce Legislation to Address Wildfire Risks and Ignition Sources
Insurance Journal | February 28, 2025
Texas Lawmakers Introduce Legislation to Address Wildfire Risks and Ignition Sources
A year after devastating wildfires engulfed the Panhandle, killing three people and burning millions of acres, Texas lawmakers have filed a slate of legislation aimed at mitigating the risks and damage of future blazes. Three Republicans — state Sen. Kevin …
Resilience: Third-Party Risk Involved in 31% of Cyber Claims
Insurance Journal | February 28, 2025
Resilience: Third-Party Risk Involved in 31% of Cyber Claims
More merger-and-acquisition activity and technology consolidation have given cyber hackers plenty of entry points to exploit, making third-party cyber risk a dominant driver of claims for Resilience in 2024. New research from the San Francisco-based cyber solutions company found 31% …
World Insurance Acquired Grandview Brokerage of Brooklyn
Insurance Journal | February 20, 2025
World Insurance Acquired Grandview Brokerage of Brooklyn
National insurance broker World Insurance Associates LLC announced that it acquired the business of Grandview Brokerage LLC of Brooklyn, New York last November. Grandview provides commercial and personal insurance with niches in the healthcare, real estate, and jewelry industry. Michael …
AM Best Revises Outlooks to Negative for Mercury and Subsidiaries Over LA Wildfires
Insurance Journal | February 20, 2025
AM Best Revises Outlooks to Negative for Mercury and Subsidiaries Over LA Wildfires
AM Best revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a” (Excellent) for the members of Mercury Casualty Group. Concurrently, AM Best revised …