INSURANCE NEWS
Insurers Reviewing Black Sea Ship Cover After Russia Suspends Grain Deal: Sources
Insurers are reviewing whether to freeze cover for any ships willing to sail to Ukraine after Russia said on Monday it will suspend participation in a UN-backed deal that allows the export of grain through a Black Sea safe corridor, …
South Carolina Expands Ignition Interlock Law for Drunk Drivers
South Carolina is expanding the number of drunk driving offenders who must install temporary breathalyzers before taking the wheel. Under the new law, anyone convicted of driving under the influence will have to breathe into a device that confirms no …
Death Records Should Be Open to Public, Rules Pennsylvania Court
Autopsy records should be open to the public, a Pennsylvania court ruled in response to the county`s denial of a journalist`s requests for records pertaining to an inmate`s death. The case marks a further easing of the public’s access to …
Swiss Investor Group Lawsuit to Seek Compensation Over UBS-Credit Suisse Deal
A Swiss investors’ association is planning to file a lawsuit seeking compensation for former Credit Suisse shareholders, the latest legal action triggered by the bank’s emergency takeover by its cross-town rival UBS UBSG.S. “Due to the large number of inquiries, …
South Korea Flood Death Toll Rises to 40, Yoon Blames Botched Disaster Responses
South Korean President Yoon Suk Yeol on Monday blamed authorities’ failure to follow disaster response rules as the death toll from days of torrential rain rose to 40, including a dozen people found dead in a submerged underpass. Deluges have …
Canada’s Wildfires Burn Record 25 Million Acres With No End in Sight
Canadian wildfires have scorched more than 10 million hectares (25 million acres) this summer, an area about the size of Iceland, with no end to the burning expected anytime soon. About 900 active fires were reported as of Saturday, most …
Global Rules Leave Crypto Firms With No Place to Hide: G20 Watchdog
Globally agreed rules leave crypto firms with no option but to introduce basic safeguards to prevent the blow-ups seen at FTX exchange and other crypto casualties, the G20’s Financial Stability Board said on Monday. The FSB published on Monday final …
Deadly Storms Across US Northeast Bring Floods, Tornado Alerts
A cluster of severe thunderstorms pounded the US Northeast including New York City on Sunday, unleashing deadly flooding in Pennsylvania, halting operations at several airports, and prompting tornado watches across New England. In Chicago, air quality has reached unhealthy levels …
Typhoon Talim Expected to Smash Into China Late Monday
Talim continued to gain power after strengthening into a typhoon early on Monday and is set to be the first to make landfall in China this year, prompting authorities to cancel flights, suspend high-speed trains and order people to stay …
JPMorgan Should Pay $190 Million Over Epstein Ties, US Virgin Islands Says
The US Virgin Islands said it was seeking at least $190 million from JPMorgan Chase & Co. in its lawsuit accusing the bank of enabling Jeffrey Epstein’s sex-trafficking. The territory stated its minimum damages in a Friday filing in Manhattan …
Is Automation the Answer to Microbusiness Insurance Profitability?
Could self-service and digital quoting and binding be gamechangers for independent agents and brokers working in microbusiness lines? Though they’re the smallest of small businesses, microbusinesses account for the largest portion of small businesses in the United States. They dominate …
Disney Hopes to Toss Board’s Lawsuit Against It
Walt Disney Co asked a Florida judge on Friday to dismiss a lawsuit by a state oversight board as part of the entertainment giant’s effort to pursue its case against Governor Ron DeSantis, the latest development in a year-long feud. …