INSURANCE NEWS
Appraisal Isn’t Arbitration, Alabama High Court Says in Dismissing Insurer Appeal
A petition to invoke appraisal is not the same thing as a motion to compel arbitration, the Alabama Supreme Court ruled Friday. The high court dismissed an appeal by Great American Insurance Co. that sought to overturn a trial court’s …
SEC’s Ambitious Climate Agenda Stalls as US Elections Raise Stakes in New Year
The Securities and Exchange Commission’s failure to complete an ambitious climate-related agenda in 2023 is making environmental activists nervous. Less than a year before a US presidential election that could scuttle the regulator’s environmental, social and governance efforts, the SEC …
Hapag-Lloyd, Japanese Shipping Firms Continue to Re-route From Suez Canal
Hapag-Lloyd will continue to divert its vessels around the Suez Canal for security reasons, a spokesperson for the German container shipper said on Friday, adding a further assessment would be made on Jan. 2. Mitsui O.S.K. Lines and Nippon Yusen, …
Storm Gerrit Batters Northern UK, Damaging Houses, Knocking Out Power
A storm that battered the UK with high winds and heavy snow damaged houses, canceled trains and left thousands of people without electricity Thursday across Scotland and parts of northern England. Workers dealt with wind speeds of 80 miles per …
Title Insurer Reports Another Cybersecurity Event; Fitch Monitoring Ratings
Less than a month after New York insurance regulators said a title insurer would pay $1 million for violations of a cybersecurity regulation stemming from a 2019 breach, the holding company for the insurer revealed a more recent cybersecurity incident. …
After Recalls and Infections, Experts Say Safer Eyedrops Will Require New FDA Powers
When you buy eyedrops at a U.S. store, you might assume you’re getting a product made in a clean, well-maintained factory that’s passed muster with health regulators. But repeated recalls involving over-the-counter drops are drawing new attention to just how …
Google Settles $5 Billion Consumer Privacy Lawsuit
Alphabet’s Google has agreed to settle a lawsuit claiming it secretly tracked the internet use of millions of people who thought they were doing their browsing privately. U.S. District Judge Yvonne Gonzalez Rogers in Oakland, California, put a scheduled Feb. …
China Sets Tougher Capital Rules for Registering New Firms
Chinese lawmakers changed the country’s Company Law by setting tougher capital rules for registering a new firm, an effort to close loopholes in corporate governance and prevent financial risks. The revised law takes effect July 1, 2024, the official Xinhua …
JD.com Wins Anti-Monopoly Lawsuit Against Alibaba
Chinese online retailer JD.com said on Friday that it won a lawsuit against rival Alibaba, which was fined 1 billion yuan ($140.68 million) for monopolistic practices. The High People’s Court of Beijing ruled that Alibaba Group Holding Ltd. along with …
Minnesota Woman Files Appeal Claiming Gender Discrimination in Denied Emergency Contraception Case
MINNEAPOLIS (AP) – Attorneys for a woman who was denied emergency contraception in 2019 told the Minnesota Court of Appeals Thursday that the pharmacist who refused to fill the prescription discriminated against her on the basis of her sex. But …
When Children Take Toxic Cough Syrup, and Live…
Devouring books from a young age, Sheena Almaera Maryam had been excited about her first day of kindergarten near Jakarta. But when she developed a fever in September 2022, the syrup she was prescribed turned out to be toxic. It …
Top International Insurance Journal Stories of 2023
Yes, another year has flown by, and it’s once again time for the top 10 international Insurance Journal stories of 2023. This year, they are a real hodgepodge of topics, ranging from hard market trends, to faulty wind turbines, to …