insurancejournal.com —  8+ hour, 56+ min ago

...The American Property Casualty Insurance Association on Saturday blamed inflation for increasing the costs of claims and said that insurers need... ...APCIA"s response came a day after State Farm made its announcement.... ...Mark Sektnan, APCIA vice president for state government relations, put the cost of claims being driven by inflation as first on his list of reasons... ...“State Farm General Insurance Co., State Farm"s provider of homeowners insurance in California, will cease accepting new applications including all...

insurancejournal.com —  1+ day ago

...“The consequences are potentially disastrous,” said Reid Maki, director of the Child Labor Coalition, which advocates against exploitative labor... ...Midwest States Consider Relaxing Child Labor Laws to Address Worker Shortages The efforts to significantly roll back labor rules are largely led... ...Economic Policy Institute.... ...Legislators in Wisconsin, Ohio and Iowa are actively considering relaxing child labor laws to address worker shortages, which are driving up wages...

insurancejournal.com —  1+ day ago

...billion of Credit Suisse Group AG bonds following the bank"s takeover by UBS Group AG.... ...Pacific Investment Management Co. is considering joining hundreds of investors in challenging the Swiss regulator"s decision to wipe out about $17... ...Quinn Emanuel Urquhart & Sullivan filed in April and has now amassed more than 1,000 clients, including institutional investors, that held around... ...The Swiss Federal Administrative Court has said it has received around 230 appeals, involving roughly 2,500 claimants, against the March 19 writedown...

insurancejournal.com —  1+ day ago

...the undisputed most powerful -- in terms of windspeed -- of 2023 so far, according to Jeff Masters, a meteorologist for Yale Climate Connections.... ...Its structure is also showing a little asymmetry, which also indicates weakening, according to the US Joint Typhoon Warning Center.... ...Pai, a senior scientist at the India Meteorological Department, said in an online briefing Friday.... ...Drier conditions through early next week will stress germination of corn and soybeans in the Midwest and Delta regions, according to forecaster Maxar...

insurancejournal.com —  1+ day, 23+ hour ago

...Rhode Island Attorney General Peter F.... ...In the complaint, filed in Providence County Superior Court, Neronha claims the defendants, including major chemical companies such as 3M and DuPont... ...in Newport, Camp Fogarty, Quonset Point, and the Bradford Dyeing Association site in Westerly, according to the filing.... ...Defendants in this suit include manufacturers of aqueous film-forming foam (3M Company; Buckeye Fire Equipment Co.; Chemguard Inc.; National Foam...

insurancejournal.com —  1+ day ago

...Officials in Jackson, Mississippi"s capital, released body camera footage that showed three officers – Avery Willis, Kenya McCarty and James Land... ...– struggling to handcuff Keith Murriel as he was stunned numerous times over a 10-minute span.... ...McCarty and Willis are Black, and Land is white, according to Melissa Faith Payne, a city spokesperson.... ...McCarty and Willis have been charged with second-degree murder, and Land with manslaughter, court records showed....

insurancejournal.com —  1+ day ago

...Howard, her husband, son and their three dogs, Maisey, Charlie and Lilly, have been living in a cramped trailer provided by the state.... ...Housing Crisis Remains in East Kentucky Almost A Year After Flooding Shirley Howard"s feet splashed into nearly a foot of water when she stepped... ...A single inch of water inside a house can cause more than $26,000 in damage, according to the Federal Emergency Management Agency.... ...“It was just too much for us,” Shirley Howard said. The report said 60% of the households damaged had annual incomes of $30,000 or less....

insurancejournal.com —  1+ day ago

...Singapore's International Commercial Court said a unit of Credit Suisse had not acted in good faith and neglected to keep the assets of Bidzina Ivanishvili... ...Credit Suisse was ordered to pay $926 million to Georgia"s former prime minister on Friday for losing part of his fortune, in a Singapore court ruling... ...Ivanishvili"s lawyers Cavinder Bull and Woo Shu Yan from the law firm Drew & Napier said Credit Suisse Trust's failings had led to fraudulent mismanagement... ...Billionaire businessman Ivanishvili, who was Georgia"s prime minister in 2012 to 2013, had placed $1.1 billion under the custodianship of Credit ...

insurancejournal.com —  1+ day ago

...Illinois Catholic Clergy Abuse Report Could Prompt Lawsuits, Changes to State Law Attorney General Kwame Raoul said Tuesday that state investigators... ...found that more than 450 Catholic clergy in Illinois had sexually abused nearly 2,000 children since 1950.... ...“I'm proud of the attorney general and what he's done, but there's more we can all do together,” said Larry Antonsen, a leader of the Chicago chapter... ...The attorney general"s report acknowledges that Illinois limitation statutes are, despite legal changes, insurmountable hurdles to prosecuting clergy...

insurancejournal.com —  1+ day ago

...Acrisure and Greg Williams honored for philanthropic and insurance industry leadership CHICAGO, IL (May 23, 2023) – The Midwest Division of the Insurance... ...philanthropy and honored Acrisure and its co-founder, chairman and CEO, Greg Williams.... ...Jodie Kaufman Davis, executive vice president, H.W.... ...celebration of industry philanthropy,” said Jeff Kroeger, president, Insureon, a Division of Specialty Program Group and Hub International, and...