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Tag: insurance-journal

UN Report Warns of ‘Silent’ Threat of Drought as Planet Warms
Insurance Journal | December 1, 2023
UN Report Warns of ‘Silent’ Threat of Drought as Planet Warms
While wildfires, severe storms and floods cause short-term impacts that often grab the world’s attention, a drought that stretches over seasons or even years can be easier to overlook. Yet a new UN report shows droughts are just as deadly, …
How Panama Fishing Boats Brought Mining Company First Quantum to its Knees
Insurance Journal | December 1, 2023
How Panama Fishing Boats Brought Mining Company First Quantum to its Knees
For more than a month, a group of 16 fishing boats has been blocking a key port in Panama, choking off coal and essential supplies destined for First Quantum Minerals’ giant copper mine there, eventually forcing it to halt operations …
Maersk Reaches Settlement Over Ship That Blocked Suez Canal
Insurance Journal | December 1, 2023
Maersk Reaches Settlement Over Ship That Blocked Suez Canal
A.P. Moller-Maersk A/S settled a Danish lawsuit against the companies behind a ship that blocked the Suez canal in 2021, forcing shipping lines to delay or divert vessels and causing global disruption of supply lines. “We can confirm that we …
WCRI Report Examines Challenges of Low Back Pain and Comorbid Health Issues
Insurance Journal | December 1, 2023
WCRI Report Examines Challenges of Low Back Pain and Comorbid Health Issues
Workers’ compensation patients who report comorbidities, especially mental health comorbidities (anxiety, depression, sleep dysfunction), had a stronger association with smaller functional recoveries than those who only reported physical health comorbidities such as diabetes, hypertension, obesity. That’s according to a recent …
Study: Federal Payouts Bolstered Flood Policy Uptake, Insured Value
Insurance Journal | December 1, 2023
Study: Federal Payouts Bolstered Flood Policy Uptake, Insured Value
The availability of a federal flood payout in a county in a given year increased the number of flood insurance policies by 5.2% and the total insured value of the policies by 4.6% in the following year, a new study …
New York Man Charged With Obstructing Investigation Into Fatal Construction Incident
Insurance Journal | December 1, 2023
New York Man Charged With Obstructing Investigation Into Fatal Construction Incident
A federal grand jury has indicted Richard Zagger, of Blue Point, New York, charging him with conspiracy and obstruction of an investigation into a fatal construction accident, according to the U.S. Department of Justice. The four-count indictment alleges that Zagger …
Washington Workers’ Comp Premium Rate Going up an Average of 4.9% in 2024
Insurance Journal | December 1, 2023
Washington Workers’ Comp Premium Rate Going up an Average of 4.9% in 2024
The Washington State Department of Labor & Industries announced a 4.9% increase in the average workers’ compensation premium rate for 2024. The increase, which takes effect Jan. 1, 2024, means employers and workers will jointly pay, on average, an additional …
Family of Los Angeles Deputy Killed in Ambush Plans to Sue Over Forced Overtime
Insurance Journal | December 1, 2023
Family of Los Angeles Deputy Killed in Ambush Plans to Sue Over Forced Overtime
The parents of a Los Angeles County deputy who was shot and killed while sitting in his patrol car plan to file a lawsuit accusing the sheriff`s department and county leaders of putting law enforcement officers at risk by making …
Former Root Marketing Exec Pleads Guilty to Taking Over $10 Million From the Insurer
Insurance Journal | December 1, 2023
Former Root Marketing Exec Pleads Guilty to Taking Over $10 Million From the Insurer
Brinson Caleb “BC” Silver, former chief marketing officer for insurtech Root, has pleaded guilty to stealing more than $10 million from his former employer and violating court orders. According to the U.S. Attorney’s Office for the Southern District of Ohio, …
Oregon Regulator to Investigate Pacificorp’s Request to Limit Wildfire Liability
Insurance Journal | November 30, 2023
Oregon Regulator to Investigate Pacificorp’s Request to Limit Wildfire Liability
Oregon’s utility regulator this week said it would investigate a petition by PacifiCorp to limit its liability from future wildfire-related lawsuits, delaying a decision on the power provider’s request by as long as nine months. In October, the Berkshire Hathaway …