INSURANCE NEWS

Global Financial Firms Reassess Risks of Operating in China if Taiwan Tensions Escalate

Global financial firms, still smarting from multi-billion-dollar losses in Russia, are now reassessing the risks of doing business in Greater China after an escalation of tensions over Taiwan. Lenders including Societe Generale SA, JPMorgan Chase & Co. and UBS Group …
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Typhoon Noru Batters Philippines, Killing 5 and Leaving Millions Without Power

Typhoon Noru battered the Philippines’ main Luzon island, killing five rescuers and leaving millions of people without electricity. The fatalities were recovered from a flooded area in Bulacan province north of Manila, according to a local police report. The entire …
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Hurricane Fiona Hits Nova Scotia as One of Region’s Strongest Storms

Fiona, the most powerful storm of this year’s Atlantic hurricane season, roared ashore in eastern Nova Scotia early Saturday as one of the strongest systems ever to hit the region, knocking out power, toppling trees and forcing residents to flee. …
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NOAA: 6th Warmest August on Record

August 2022 was the world’s sixth-warmest August in 143 years, according to scientists at NOAA’s National Centers for Environmental Information. The warm August wrapped up the Northern Hemisphere’s second-hottest meteorological summer on record. Climate by the numbers August 2022 The …
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Head-Injured Alabama Worker May Get Comp Claim, Despite Mediation Barring It

An electrician sustains a head injury on the job. He signs a mediation agreement absolving the employer of any workers’ compensation liability while he pursues a tort action against the warehouse owner. Five years later, the man’s guardian files a …
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North Carolina Insurance Dept. Takes Over Investigation Into Furniture Plan Fire

An investigation into a fire that destroyed a 40-year-old furniture upholstery business in North Carolina has been turned over to the state Department of Insurance. Morgan Chair, a 25-employee company in Stanfield, North Carolina, was almost completely burned to the …
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Maine Opts Out of $440M Multistate Settlement With Juul

Maine has opted out of a $440 million multistate settlement with electronic cigarette maker Juul Labs in objection to certain conditions. Maine would have received roughly $11 million over six to 10 years under the agreement announced Sept. 6 that …
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Privacy Watchdog Suit Says California Utility Targeted Asians in Pot Searches

Extraordinary use of electricity has long been a telltale sign of illegal grow houses producing thousands of marijuana plants hidden in seemingly ordinary homes. But a lawsuit filed by a data privacy watchdog says a Northern California utility went too …
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Oklahoma Court: Marijuana Question Won’t Make November Ballot

A proposed state question on whether to legalize the recreational use of marijuana in Oklahoma won’t appear on the November ballot, the state Supreme Court ruled Wednesday, dealing a blow to Democrats who hoped the question would energize liberal voters. …
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Chicago to Pay $15 Million Over Woman’s Death in Police Chase Crash

The Chicago City Council approved a settlement on Wednesday that will pay $15 million to the family of a woman who was killed when a police cruiser ran a red light and slammed into her SUV after officers allegedly ignored …
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Michigan Property Owners, 3M Settle PFAS Case for $54 Million

A judge has given tentative approval to a $54 million settlement involving 3M Co., a shoe manufacturer and property owners in western Michigan who said their land and wells were contaminated by toxic “forever chemicals.” The deal involves approximately 1,700 …
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Stoplight Shooting Not Covered by Uninsured Motorist Policy, Carolina High Court Says

A fatal shooting by a disturbed driver is not covered by the victim’s uninsured motorist policy, the South Carolina Supreme Court decided this week in an opinion that shows how court rulings on the issue have evolved over the last …
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