News Center
News Archives - Insurance Journal
Australia Braces for Worsening Bushfires as National Park Burns
Fire restrictions are in place across the Australian state of Victoria as one of its most popular national parks burns and officials warn of potentially “catastrophic” conditions in some areas over Christmas. A large bushfire near the scenic Grampians National …
POSTED DECEMBER 23, 2024 11:23 AM |
DHL Plane Crash Black Box Shows No Foul Play, Lithuania Says
Initial findings from the flight recorders of a DHL-operated plane that crashed near Vilnius Airport in November have given no indication of “illegal interference”, according to the Lithuanian Justice Ministry. “The preliminary analysis of the Boeing 737-476 flight data recorder …
POSTED DECEMBER 23, 2024 11:12 AM |
Aviva Agrees to Buy UK Insurer Direct Line for £3.7 Billion
Aviva Plc agreed to buy Direct Line Insurance Group Plc for roughly £3.7 billion ($4.65 billion) in a deal that would create the UK’s largest motor insurer. Each Direct Line shareholder will be entitled to receive 0.2867 new Aviva shares, …
POSTED DECEMBER 23, 2024 10:10 AM |
Wells Fargo Says It’s Quitting Climate-Banking Group
Wells Fargo & Co. said it’s leaving the world’s biggest climate alliance for banks, in the latest sign that Wall Street is breaking away from such groups. The company said in a statement Friday that it ended its membership in …
POSTED DECEMBER 23, 2024 6:14 AM |
Losses From Crypto Hacks Jump to $2.2B in 2024, Report Says
Funds stolen by hacking cryptocurrency platforms surged 21% from a year ago to $2.2 billion in 2024, a report from blockchain analysis firm Chainalysis showed on Thursday. The hacking amount exceeded $1 billion for the fourth straight year and the …
POSTED DECEMBER 23, 2024 6:11 AM |
Cargo Theft Surges as Holiday Season Approaches, Verisk Says
Be on the lookout for Grinch-like characters hanging out at transportation hubs over the holidays. A CargoNet analysis of holiday-period theft data from the past five years shows a heightened risk during the Christmas and New Year periods. The days …
POSTED DECEMBER 23, 2024 6:05 AM |
Kentucky Supreme Court Overturns Escape Clause Meaning, Affirms Roof Collapse
Two Kentucky Supreme Court rulings handed down last week emphasize how important it can be to have clearly worded insurance policies, including exclusions and excess and escape clauses, particularly in high-dollar commercial coverage. In Motorists Mutual Insurance Co. vs. First …
POSTED DECEMBER 23, 2024 6:01 AM |
California Labor Commissioner Fines Luxury Resort $4.4M for Worker Recall violations
The Labor Commissioner’s Office fined the Maybourne Beverly Hills $4.4 million for violating California’s Worker Recall Law. The LCO issued the fine in response to the a luxury resort’s failure to rehire employees who were laid off during the COVID-19 …
POSTED DECEMBER 23, 2024 6:00 AM |
Military Contractor to Pay $426K for Using Foreign Parts in Products
A Vermont military contractor will pay nearly half a million dollars to settle allegations that it used some foreign-sourced materials in certain protective eyewear it sold when it was required to use all domestic parts, according to the office of …
POSTED DECEMBER 23, 2024 6:00 AM |
Hub Acquires Great Basin Insurance in Oregon
Hub International Ltd. acquired the assets of Great Basin Insurance Inc. Agency Partners Dana Loreman and Bill Gilmore Jr., and the Great Basin Insurance team, will join Hub Northwest. Great Basin Insurance will be referred to as Great Basin Insurance, …
POSTED DECEMBER 23, 2024 6:00 AM |
NOTICE: The links and articles found on or within this news center are simply for informational purposes that we believe may be of benefit to our clients and/or website visitors. By providing these links on our website, we are not recommending or endorsing the use of the particular products or services these third parties offer. Nor does Voyage Insurance confirm, corroborate or agree to the statistics or opinions on these links and articles. We urge you to review each website’s Privacy Policy, Disclaimers, and develop an independent opinion of the service or product for any link pursued.
|