News Center
News Archives - Insurance Journal
Samsung Chip Plant Sues Insurer Over $400 Million in Storm Damage Claims
A Samsung Electronics Co. semiconductor plant in Texas sued its insurer over $400 million in damage claims tied to a power blackout during a deadly winter storm in 2021. The federal lawsuit filed Monday against Factory Mutual Insurance Co. said …
POSTED FEBRUARY 08, 2023 12:32 PM |
Judge Upholds Punitive Damage Award in Prison Strip Search
A judge rejected a challenge on Monday by Delaware’s Department of Correction of a jury’s $15,000 punitive damage award to an inmate who was mistreated by a former prison guard during a strip search. The judge upheld the jury’s November …
POSTED FEBRUARY 08, 2023 12:08 PM |
Rethink Needed on How to Regulate Big Tech in Finance Services: BIS Official
A rethink is needed on how to directly regulate activities of Big Tech companies in financial services, given their size and influence, a top official at an international forum for central banks said in Wednesday. Data-rich Big Tech companies such …
POSTED FEBRUARY 08, 2023 11:10 AM |
Americanas’ $4B Accounting Scandal Puts More Scrutiny on PwC’s Auditing Record
A $4 billion accounting shortfall would typically raise alarm bells for an auditor. Somehow, a PricewaterhouseCoopers LLP affiliate didn’t catch it at Americanas SA. Investor and consumer groups are calling for closer scrutiny of the accounting firm after the unveiling …
POSTED FEBRUARY 08, 2023 9:41 AM |
Ruff Ruling for Nationwide: Ohio Court Says Insurer Must Cover Canine Bite
An Ohio Court of Appeals panel said that Nationwide must indemnify a canine owner whose bulldog bit a passer-by, ruling that a policy exclusion barring coverage for bodily injury for a dog with a prior history of attacking or biting …
POSTED FEBRUARY 08, 2023 9:00 AM |
UK’s Royal Mail Faces Threat From Ransomware Group LockBit
UK’s Royal Mail is facing a threat from ransomware group LockBit, according to information published on a website, at a time when the British postal and parcel firm is grappling with the fallout of a “cyber incident” from last month. …
POSTED FEBRUARY 08, 2023 8:48 AM |
Quake Latest: Turkey Declares Emergency Rule; Death Toll Rises Across Turkey, Syria
Turkey declared a three-month state of emergency in areas struck by two massive earthquakes earlier this week, allowing the government more leeway for rescue and reconstruction efforts. Emergency teams are racing against the clock to save potentially thousands of victims …
POSTED FEBRUARY 08, 2023 8:36 AM |
Viewpoint: Interest in America’s World-Class Crop Insurance Continues to Grow
Now standing firmly one month into 2023, we can look back at the previous year with pride that we were able to meet many of its challenges with the stability and confidence our agricultural community offers to help feed and …
POSTED FEBRUARY 08, 2023 6:48 AM |
Wells Fargo to Pay $300M to Settle Suit Over Auto Insurance Disclosures
Wells Fargo & Co. agreed to pay $300 million to settle a shareholder lawsuit claiming the bank hid that it had pushed unnecessary insurance on auto loan customers, according to documents filed in U.S. court on Tuesday. The Construction Laborers …
POSTED FEBRUARY 08, 2023 6:34 AM |
People Moves: Liberty Mutual Hires Larson From CNA; Markel Names Gendron CFO; Chaplick Joins Risk Strategies
Liberty Mutual Appoints Larson President, Financial Lines Liberty Mutual Insurance has appointed Paul Larson as president, financial lines for its Global Risk Solutions (GRS) North America division. Before joining Liberty Mutual, Larson led financial lines at CNA Financial and served …
POSTED FEBRUARY 08, 2023 6:16 AM |
NOTICE: The links and articles found on or within this news center are simply for informational purposes that we believe may be of benefit to our clients and/or website visitors. By providing these links on our website, we are not recommending or endorsing the use of the particular products or services these third parties offer. Nor does Insurance Solutions of Southwest Florida confirm, corroborate or agree to the statistics or opinions on these links and articles. We urge you to review each website’s Privacy Policy, Disclaimers, and develop an independent opinion of the service or product for any link pursued.
|