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News Archives - Insurance Journal
Extreme Weather Is Driving More US Power Outages, Studies Show For decades, residents of eastern Queens in New York City have complained that they’re more likely to lose power when extreme weather hits, even as lights in other parts of the city stay on. A new study that looks at …
POSTED MAY 03, 2024 3:50 PM |
Cracks in O’Hare Columns Aren’t Insured Property Damage, Just Bad Product – Court Cracked steel columns are not “property damage,” but are building products that are not covered by a contractor’s general liability policy, the U.S. 7th Circuit Court of Appeals decided in an opinion that lets St. Paul and other insurers off …
POSTED MAY 03, 2024 3:11 PM |
Yemen’s Houthis Threaten Ships in Mediterranean Sea That Are Sailing to Israeli Ports Yemen’s Houthis will target ships heading to Israeli ports in any area that is within their range, military spokesman Yahya Sarea said in a televised speech on Friday. “We will target any ships heading to Israeli ports in the Mediterranean …
POSTED MAY 03, 2024 1:49 PM |
Binance Crypto Founder Zhao Sentenced to Four Months in Prison Changpeng Zhao, the former chief executive of Binance, was sentenced on Tuesday to four months in prison after pleading guilty to violating U.S. laws against money laundering at the world’s largest cryptocurrency exchange. Once considered the most powerful crypto industry …
POSTED MAY 03, 2024 1:45 PM |
Pennsylvania High Court to Decide If Workers’ Compensation Covers CBD Oil A veteran Pennsylvania workers’ compensation attorney will soon have a chance to argue before the Pennsylvania Supreme Court that his own use of cannabinoid oil (CBD oil) is covered by workers’ compensation. It’s an argument he won last November with …
POSTED MAY 03, 2024 1:35 PM |
Tech Update: Marsh McLennan Launches AI Solution to Manage Supply Chain Risks Marsh McLennan, the insurance and reinsurance broker, has launched Sentrisk, an artificial intelligence-powered platform, which aims to help businesses manage global supply chain risk. Created through the combined capabilities of Marsh McLennan businesses Marsh and Oliver Wyman, Sentrisk uses advanced …
POSTED MAY 03, 2024 1:32 PM |
Kansas City Women’s Soccer Plans $800 Million Stadium District After a failed vote to build a downtown Kansas City Royals stadium, another of the city’s professional sports teams is planning to expand with a mixed-used entertainment district. The Kansas City Current, the city’s National Women’s Soccer League team, will …
POSTED MAY 03, 2024 1:28 PM |
Class Action Settlements Flooded With Fraudulent Claims by Scammers Artsana, a maker of child car booster seats, last year agreed to settle claims that it had misled customers about how to use its products, offering $50 to people who had bought Chicco-brand seats. The company, which did not admit …
POSTED MAY 03, 2024 1:05 PM |
Death of 4 Officers in Charlotte Shows Risks Police Face When Serving Warrants (AP) Arrest warrants must be served to alleged criminals if society is going to function. But there is no guarantee of safety for police officers knocking on their doors. The grim risks came into stark relief Monday when four law …
POSTED MAY 03, 2024 12:54 PM |
Israeli Cyber Security Startup Apex Gets Initial Investment From OpenAI’s Altman Israeli cyber security startup Apex, which focuses on protecting the rapid use of artificial intelligence (AI) tools, said on Thursday it received an undisclosed investment from OpenAI Chief Executive Sam Altman. In all, Apex raised $7 million in a seed …
POSTED MAY 03, 2024 12:14 PM |
West News Archives - Insurance Journal
California Business Owner Ordered to Pay $687K in Restitution for Workers’ Comp Fraud A California business owner convicted of felony workers’ compensation insurance fraud was ordered to pay $687,560 in restitution to the victims. An investigation by the California Department of Insurance determined that Jorge Maldonado, owner of Pro-Care Building Maintenance, under-reported the …
POSTED MAY 03, 2024 5:00 AM |
Organic Bulk Walnuts Sold in Natural Food Stores Tied to Dangerous E. Coli Outbreak At least a dozen people in California and Washington have been sickened with E. coli food poisoning linked to organic walnuts sold in bulk in 19 states, U.S. health officials said Tuesday. The nuts were sold in natural food and …
POSTED MAY 03, 2024 5:00 AM |
People Moves: Brown Joins Alliant Insurance Services’ Employee Benefits Team Alliant Insurance Services, headquartered in Irvine, California, hired Angie Brown as a First vice president and consultant for its employee benefits group, based in Alliant’s absence, disability and life insurance practice. Brown drives compliance with FMLA, ADAAA and continually emerging …
POSTED MAY 03, 2024 5:00 AM |
M4.1 Earthquake Shook Parts of Los Angeles Area: USGS A magnitude 4.1 earthquake shook parts of the Los Angeles Area, including the cities of Corona, Anaheim, and Santa Ana on at 1:49 p.m. local time on the afternoon of Wednesday, the USGS confirmed. The epicenter was in the Santa …
POSTED MAY 02, 2024 8:31 PM |
California Contractor Pleads Guilty to Insurance Fraud After Underreporting Nearly $1M in Payroll Kent Bo Fridolfsson, 67, of Benicia, California, pleaded guilty to six charges of insurance fraud and grand theft after a joint investigation with the California Department of Insurance, Solano County District Attorney’s Office and the Employment Development Department reportedly revealed …
POSTED MAY 02, 2024 5:00 AM |
New Mexico Restaurant Settles Wage-Theft Complaint After Prolonged Legal Battle New Mexico labor announced a legal settlement that resolves longstanding accusations of unpaid wages against a restaurant business in northwestern New Mexico. The Workforce Solutions Department said in a news release that 505 Burgers Farmington LLC has agreed to pay …
POSTED MAY 02, 2024 5:00 AM |
$24.5M Settlement in New Mexico over Natural Gas Flaring in Permian Basin New Mexico has reached a record settlement with a company over air pollution violations at natural gas gathering sites in the Permian Basin. The $24.5 million agreement with Ameredev announced this week is the largest settlement the state Environment Department …
POSTED MAY 02, 2024 5:00 AM |
Study: California’s 2023 Snowy Rescue from Megadrought a Freak Event Last year’s snow deluge in California, which quickly erased a two decade long megadrought, was essentially a once-in-a-lifetime rescue from above, a new study found. Don’t get used to it because with climate change the 2023 California snow bonanza —a …
POSTED MAY 01, 2024 5:00 AM |
People Moves: BenefitMall Appoints Patton Benefits Sales Executive for Colorado BenefitMall named Sam Patton to its team as the new benefits sales executive for Colorado. Patton specializes in ancillary benefits such as life, disability insurance, and executive supplemental disability. Patton most recently served as an executive disability benefits consultant with …
POSTED MAY 01, 2024 5:00 AM |
Warren Buffett’s PacifiCorp Now Faces $30B Claim Demand in Oregon Wildfires Berkshire Hathaway Inc.’s PacifiCorp now faces a demand for $30 billion from victims of Oregon’s 2020 Labor Day wildfires, an escalation of a legal onslaught on the largest grid operator in the western US. While the amount sought in an …
POSTED MAY 01, 2024 5:00 AM |
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