INSURANCE NEWS
Insurers Want Safety Assurances Before Covering Ships Sailing via Ukraine Grain Corridor
Insurers will only be willing to cover ships sailing through a proposed corridor to get Ukrainian grain out if there are arrangements for international navy escorts and a clear strategy to deal with sea mines, underwriters and brokers say. Russia, …
Low Water Levels in Rhine River Could Have Similar Hit on German Economy as 2018
Low water levels in the Rhine river may have a similar impact on German economic output as they did in 2018, according to Berenberg. That was the last year in which the river — a key waterway that’s critical for …
California Social Media Addiction Bill Drops Parent Lawsuits
A first-of-its-kind proposal in the California Legislature aimed at holding social media companies responsible for harming children who have become addicted to their products would no longer let parents sue popular platforms like Instagram and TikTok. The revised proposal would …
6 People Killed in Montana Highway Crash During Dust Storms
A 3-year-old and two other children were among the six people killed in a pileup last week on a Montana highway during blackout conditions caused by dust storms, officials said. Three of the six people who died in the crash …
Lost Luggage Claims Jump 30% Compared to Pre-Pandemic Levels: Mapfre
The number of travelers reporting stranded luggage this summer jumped 30% from 2019, according to Spanish insurer Mapfre SA. More bags are going missing as short-staffed airports and airlines struggle to keep up with luggage handling alongside surging travel demand. …
Climate Change Alarm Sounded as Wildfires Rage Across Europe
Emergency services battled wildfires across swathes of southern Europe amid mass evacuations on Wednesday, as warnings sounded in London after Britain’s hottest day that the fight against climate change needed to be stepped up. A blaze fueled by gale-force winds …
Digital Trucking Koffie Raises $11M, Eyes Expansion to 10 States
A Brooklyn, New York-based digital insurer for the trucking and transportation sector has closed an $11 million Series A funding round, bringing the company’s total funding to date to $15.5 million. The round for Koffie Insurance was led by Anthemis …
Kentucky Whistleblower Awarded $2 Million After Retaliation Over Agency’s Child Cases
A jury has found in favor of a state social worker who filed a whistleblower lawsuit claiming he was mistreated by supervisors after reporting problems with dozens of child abuse cases. Jurors in Boone County Circuit Court awarded Tim Williams …
Driver of 18-wheeler Charged After Georgia Crash Kills Two
An Atlanta truck driver is charged with vehicular homicide after a northwest Georgia wreck left two adults dead and three children injured. Joseph Chislom, 47, remained jailed without bail Sunday in Catoosa County after the Friday wreck. Chislom is also …
Kids More Likely to Be Hospitalized from Off-Road Motorcycles Than Quad-Bikes: Study
Motorcycles cause a far higher rate of injuries among children than quad bikes do, a study from UNSW Sydney and NeuRA has found, but quad bikes account for more serious individual injuries. In a retrospective population study carried out by …
New York Jury Awards $15M to Family of Worker Who Died From Mesothelioma
The family of a construction worker who died from mesothelioma after exposure to asbestos-containing joint compound has been awarded $15 million by a New York jury. The $15 million verdict came against Kaiser Gypsum on behalf of the family of …
Cause of New Hampshire Resort Fire Remains Undetermined
Investigators were unable to pinpoint the cause of a fire that damaged a popular North Conway resort, New Hampshire Fire Marshal Sean Toomey said last Friday. The determination came after officials examined the scene and interviewed guests after the April …