Google Fires 28 Workers Protesting $1.2 Billion Israeli Contract

Alphabet Inc.’s Google has fired 28 employees after they were involved in protests against Project Nimbus, a $1.2 billion joint contract with Amazon.com Inc. to provide the Israeli government with AI and cloud services. The protests, which were led by …

from News Archives - Insurance Journal https://ift.tt/jahtdni

Nord Stream Insurers Deny Policies Covered War Risks in UK Lawsuit

Nord Stream’s insurers have denied that their policies provide cover for gas pipelines damaged by blasts in 2022 because the damage was caused by war, in their written defense to a lawsuit filed at London’s High Court. Nord Stream is …

from News Archives - Insurance Journal https://ift.tt/01fReCj

Wisconsin Republicans Ignore Governor’s Call to Spend $125M to Combat PFAS

MADISON, Wis . (AP) — Wisconsin Republicans on Tuesday ignored the latest call from Democratic Gov. Tony Evers to spend $125 million to combat so-called forever chemicals, leading Evers to say he might sue over the issue. The moves are …

from News Archives - Insurance Journal https://ift.tt/2NVRs9g

Rupture on TC Energy’s NGTL Gas Pipeline Sparks Wildfire in Alberta

A section of TC Energy’s NGTL gas pipeline system in Alberta ruptured and caught fire on Tuesday, sparking a wildfire in a remote area, the company said. “An initial ignition of natural gas at the rupture site is now extinguished. …

from News Archives - Insurance Journal https://ift.tt/6PVQK30

Time-Tested Loss Reserving Methods Challenged: AM Best

Reflecting on one of the trends that surfaced as property/casualty insurers announced 2023 financial results recently, AM Best expects reserve strengthening for accident years 2015-2019 to continue, the rating agency said in a new report. As companies “finished reporting their …

from News Archives - Insurance Journal https://ift.tt/hOUmD69

Boeing’s Safety Record Under Scrutiny in Split-Screen Hearings

Boeing Co.’s safety culture will come under public scrutiny today as two separate Senate hearings pore over a whistleblower’s claims of poor assembly processes and shortcomings revealed in an extensive study commissioned by Congress. Besides the whistleblower — a Boeing …

from News Archives - Insurance Journal https://ift.tt/Yzk1yr5

Barges Break Loose on Ohio River in Pittsburgh, Damaging Marina, Striking Bridge

More than two dozen river barges broke loose from their moorings and floated down the Ohio River in Pittsburgh, striking one bridge that had already been preemptively closed and damaging a marina, officials said. The boats eventually were pinned to …

from News Archives - Insurance Journal https://ift.tt/362iGKF

UK Home, Business Property Insurance Payouts Hit $6B in 2023

Britain’s homes and businesses received 4.86 billion pounds ($6.07 billion) in property insurance payouts in 2023, up 18% from a year earlier, as weather-related home claims hit a record high, the Association of British Insurers said on Monday. Weather-related home …

from News Archives - Insurance Journal https://ift.tt/nNx4hwi

Fragmented Europe to Make New Bid for US-Style Capital Market

After years of struggling to raise capital in European Union markets, Mews – a hospitality software firm with Czech roots – finally secured funding by registering as a Dutch company. For its next step, Mews is looking even further from …

from News Archives - Insurance Journal https://ift.tt/E0KlSDI

Apple Warns of ‘Mercenary Spyware Attack’ on Users in India, 91 Other Countries

Apple Inc has warned its users in India and ninety-one other countries that they were possible victims of a “mercenary spyware attack,” according to a threat notification email that was sent to targeted users. The company discovered that attackers tried …

from News Archives - Insurance Journal https://ift.tt/eExK2p3

Washingon Commissioner Issued $255K in Fines in March

Washington Insurance Commissioner Mike Kreidler issued $255,000 in fines in March for violations of state insurance laws and regulations. The fines and violations listed by Kreidler’s office included: Coordinated Care Corp.; fined $35,000 Due to a misconfiguration in the company’s …

from News Archives - Insurance Journal https://ift.tt/EzO43Sp

Small Quake Shook California Desert Near Site of Coachella Music Festival

A small earthquake shook the Southern California desert Saturday near Coachella, where the famous music festival was being held this weekend. No damage or injuries were reported. The quake, with a preliminary magnitude of 3.8, hit at 9:08 a.m. about …

from News Archives - Insurance Journal https://ift.tt/bqIv53u

Investigators Focus on Electrical System of Ship That Hit Baltimore Bridge

During the initial stages of a federal probe into the deadly collapse of Baltimore’s Francis Scott Key Bridge, investigators are focusing on the electrical power system of the massive container ship that veered off course. Jennifer Homendy, chair of the …

from News Archives - Insurance Journal https://ift.tt/8yKFWGH

NHTSA Opens Investigation Into Recall of Certain Ford SUVs Over Fuel Leaks

The National Highway Traffic Safety Administration (NHTSA) said on Friday it was opening an investigation into the recall of 42,652 Ford SUVs over concerns of a fuel leak that could lead to fire hazards. The NHTSA’s recall query, or a …

from News Archives - Insurance Journal https://ift.tt/cCtMgza

People Moves: Rosensaft Joins Alliant M&A; McDougald Is President of Victor Specialty

Rosensaft Joins Alliant Insurance Services as Managing Director Jodi Rosensaft joined Alliant Insurance Services, headquartered in Irvine, California, as managing director, advisory leader – representation and warranties insurance, Alliant Specialty, in the company’s mergers and acquisitions (M&A) vertical. Rosensaft, based …

from News Archives - Insurance Journal https://ift.tt/VbT9RzX

Kenya and Nigeria Recall J&J Children’s Cough Syrup Over Suspected Toxicity

Kenya’s drug regulator is recalling a batch of Johnson & Johnson children’s cough syrup, it said on Thursday, a day after Nigeria recalled the same batch of medication under the Benylin Paediatric brand. Nigeria’s health regulator said laboratory tests on …

from News Archives - Insurance Journal https://ift.tt/siTwuS3

US Wildfires Are Getting Bigger and More Complex, Prompting Changes in Firefighting

It’s shaping up to be a long wildfire season, with Texas already seeing its largest blaze in recorded history and firefighters becoming overwhelmed with recent blazes in Virginia. Just in the first three months of the year, more than 2,669 …

from News Archives - Insurance Journal https://ift.tt/YsZn7UI

Insurers Norfolk & Dedham of Massachusetts and Union Mutual of Vermont to Affiliate

Massachusetts-based Norfolk & Dedham (N&D) and Union Mutual in Vermont, property/casualty insurers with a combined 350 years in the business in the Northeast, announced they intend to affiliate, subject to regulatory approval. The combined group will write personal and commercial …

from News Archives - Insurance Journal https://ift.tt/LFvHAtK

Global Election Super-Cycle Raises Risk of Political Violence, Large Insurance Losses

Almost half the world’s population will go to the polls before the end of 2024, which raises the threat of political violence and possible large insurance losses, according to Allianz Commercial in a new report. An unprecedented “super-cycle” of elections …

from News Archives - Insurance Journal https://ift.tt/AgGCeR3

EU Parliament Approves Law to Slash Trucks’ Carbon Footprint

The European Parliament voted on Wednesday to pass a law to reduce carbon dioxide emissions from trucks, which will require most new heavy-duty vehicles sold in the EU from 2040 to be emissions-free. The law will enforce a 90% cut …

from News Archives - Insurance Journal https://ift.tt/Ec0fBku