Tue.Sep 24, 2024

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Flood Damage on Key Austrian Rail Link to Take Months to Repair

Insurance Journal

Austria’s national railways will need months to restore the country’s busiest train line after catastrophic floods wrecked infrastructure, throttling the capacity to move people and goods.

Damage 278
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Michigan Takes a Stand: New Bulletin Prohibits Depreciation of Labor Costs in Property Insurance Claims

Property Insurance Coverage Law

In a significant move to protect policyholders, the Michigan Department of Insurance and Financial Services (DIFS) issued a groundbreaking bulletin that explicitly prohibits insurers from depreciating labor costs when calculating actual cash value (ACV) in homeowner insurance claims. 1 This decision aligns Michigan with a growing number of states taking action to ensure fair claim … The post Michigan Takes a Stand: New Bulletin Prohibits Depreciation of Labor Costs in Property Insurance Cl

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Ex-Twitter Worker Wins Musk Layoff Pay Fight, Memo Says

Insurance Journal

Elon Musk lost a legal fight over unpaid severance to a former Twitter employee who was laid off when he took over the social media platform in 2022, according to a memo obtained by Bloomberg News.

Liability 278
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Indonesian-flagged cargo vessels collide

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Indonesian-flagged cargo vessels collide appeared first on Insurance Marine News.

Marine 105
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British Water Companies Fight $2 Billion Lawsuits Over Sewage Pollution

Insurance Journal

Six British water companies under-reported sewage discharges and overcharged millions of customers up to 1.5 billion pounds ($2 billion) as a result, lawyers bringing a landmark lawsuit told a London tribunal on Monday.

Liability 278
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Bayesian’s builder has lawyers investigating possible reputational damage

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Bayesian’s builder has lawyers investigating possible reputational damage appeared first on Insurance Marine News.

Damage 105

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FBI boards another Synergy containership in Baltimore

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post FBI boards another Synergy containership in Baltimore appeared first on Insurance Marine News.

Marine 105
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Report: Experts Worry California’s Wildfire Season Could Get Worse

Insurance Journal

Despite several early blazes and one of the state’s largest so far, experts worry California’s wildfire season could get worse when the seasonal winds responsible for fanning some of the biggest fires arrive.

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OSHA fines Ohio shipyard: cites several violations in March 2024 fire

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post OSHA fines Ohio shipyard: cites several violations in March 2024 fire appeared first on Insurance Marine News.

Marine 103
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Insurance CEOs Talk Gen AI, Growth, Workforce Strategies

Insurance Journal

A much higher percentage of insurance chief executives say that generative AI is a top investment priority for their firms than peers in other industries, according to a survey report published by professional services firm KPMG.

Insurer 264
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VLCCs and suezmaxes move over to products carrying

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post VLCCs and suezmaxes move over to products carrying appeared first on Insurance Marine News.

Marine 102
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Purdue Settlement Talks With Sacklers Extended to November

Insurance Journal

Purdue Pharma LP said its making progress in settlement talks with members of the Sackler family who own the company and won another extension of a breathing spell that’s shielded the family from civil lawsuits for years.

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Icon Energy lines up acquisition firepower 

Splash: Finance and Insurance

Nasdaq-listed Greek bulker outfit Icon Energy has built up financial firepower for future vessel acquisitions as it takes delivery of its first-bought kamsarmax since its IPO earlier this year. The Ismini Panagiotidi-led company said it has about $75m ready for potential fleet expansion as part of a $91.

Insurance 100
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Kansas County Reports Unauthorized Access to Personal Information in Ransomware Attack

Insurance Journal

A Kansas county said it found unauthorized access and acquisition of personal information maintained by the bounty, including protected health information related to individuals who received services. Franklin County, located southeast of Kansas City, shared in a Sept.

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Tysers P&I Update #4: Steamship

Insurance Marine News

(Note Tysers’ caveat on its figures, printed on September 19th in IMN at the beginning of the Gard summary). Managers Steamship P&I Management LLP Gross Tonnage Owned 124,000,000 Chartered 125,000,000 S&P Rating A Free Reserves 2024 540,300,000 2023 454,400,000 2022 473,600,000 2021 511,064,000 2020 515,342,000 X Tonnage By Vessel Type Bulkers 34%.

Marine 81
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12 University Lacrosse Players Diagnosed With Rare Muscle Injury After Workout

Insurance Journal

A dozen Tufts University men’s lacrosse players have been diagnosed with a rare muscle injury after participating in a voluntary, supervised 45-minute workout that the team conducted, a university spokesperson said Friday.

Injury 264
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Finish 2024 Out Strong

Zywave

Get insight into the developments and trends you need to be watching for the second half of 2024 for industries including commercial auto, commercial property, cyber, employee benefits and more.

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SURE and SageSure Launch Non-Admitted Business Owners Policy in California

Insurance Journal

SureChoice Underwriters Reciprocal Exchange in partnership with SageSure launched a non-admitted business owners policy in California. The program will service more than 400 business classes across eight industries, including restaurants, offices, wholesale, habitational, lessor risks, retail, service, and artisan contractors.

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Blog Post: Benefits of Legal Matter Management Software

LexisNexis

Legal departments face an ever-increasing workload. With a shrinking world, the complexity of legal matters shows no signs of abating. Effective management of legal matters is crucial for ensuring compliance, mitigating risks, and optimizing resource allocation. That’s why ensuring that the benefits of legal matter management software come into play.

Risk 52
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Hundreds Sue Over Alleged Sexual Abuse at Illinois Juvenile Detention Centers

Insurance Journal

CHICAGO (AP) — More than 200 men and women were sexually abused as children while in custody at juvenile detention centers in Illinois, according to lawsuits filed Monday, the latest in a string of complaints alleging decades of systemic child …

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Smuggler ship sunk to create Ireland’s first artificial reef

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Smuggler ship sunk to create Ireland’s first artificial reef appeared first on Insurance Marine News.

Marine 52
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Road Work Inspector Who Survived Baltimore Bridge Collapse to File Claim

Insurance Journal

It was just another overnight shift for Damon Davis, a road construction inspector who was supervising repairs on Baltimore’s Francis Scott Key Bridge — until the deck beneath his feet started crumbling.

Claim 264
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Ships still running STS operations for oil off Greek south coast

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Ships still running STS operations for oil off Greek south coast appeared first on Insurance Marine News.

Marine 52
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Last of Eight Bulls Eyed Escaping From Mall Rodeo Recaptured: Video

Insurance Journal

First responders in a Massachusetts city had to exercise some impromptu roundup skills when eight bulls escaped from a rodeo being held in the parking lot of a mall on Sunday.

Liability 263
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Marine round-up : 24th September 202

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Marine round-up : 24th September 202 appeared first on Insurance Marine News.

Marine 52
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Vandal’s Rampage at Car Dealer Causes Damage to 75 Vehicles

Insurance Journal

A Maine man damaged 75 vehicles at an automobile dealership, smashing windows and denting hoods of vehicles before he was arrested, police said. The 25-year-old man from Auburn was charged with aggravated criminal mischief early Sunday, police said.

Damage 261
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Red Sea insurance costs soar, again

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Red Sea insurance costs soar, again appeared first on Insurance Marine News.

Insurer 52
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Maryland Joins in Suing Dali Ship Owner, Operator for Baltimore Bridge Collapse

Insurance Journal

The state of Maryland is suing the owner and operator of the Dali cargo ship that caused the collapse of Baltimore’s Francis Scott Key Bridge in March, joining the U.S.

Liability 261
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Blog Post: DHS, DOS Announce Designation of the State of Qatar into the Visa Waiver Program

LexisNexis

DHS, Sept. 24, 2024 "Today, Secretary of Homeland Security Alejandro N. Mayorkas, in consultation with Secretary of State Antony J. Blinken, designated Qatar into the Visa Waiver Program (VWP). The collaboration and information sharing at the core of the VWP will significantly enhance the security interests of the United States in addition to encouraging legitimate travel and commerce between the two nations.

Crime 45
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Critics Say Lawmakers Watered Down California’s Lemon Car Law After Secret Negotiations

Insurance Journal

Californians for the past 54 years have relied on the state’s “lemon law” to fight back against car makers that sell them defective vehicles.

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Blog Post: Chronicling 25 Years of Violations: ICE Detention at Plymouth County Correctional Facility

LexisNexis

IRHTP, PLS, Sept. 2024 "Consistent complaints over the last twenty-five years reveal a disturbing pattern of systemic abuse and mistreatment of ICE detainees at Plymouth County Correctional Facility. Drawing on formal and informal investigations and inquiries, reviews by outside agencies and documented internal grievances, this report by Boston University School of Law’s Immigrants’ Rights and Human Trafficking Program (“IRHTP”) and Prisoners’ Legal Services of Massachusetts (“PLS”) reveals

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JetBlue Flight Makes Emergency Landing In Kansas After False Alarm

Insurance Journal

SALINA, Kansas (AP) — A JetBlue flight from New York to San Diego landed safely in Kansas after the crew received an alert about smoke in the cargo area, authorities said.

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Compare Travel Insurance Quotes Online

Simply Insurance

Get affordable travel insurance quotes and apply online for instant coverage, no need for an agent.

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A ‘Real Race for Talent’ in E&S Industry, Says WSIA’s Kelley [Video]

Insurance Journal

Brady Kelley, president and CEO of the Wholesale & Specialty Insurance Association, said the organization has been doing a lot to promote the E&S segment in hopes of attracting talent “There is no doubt a real race for talent in …

Insured 260