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Insurers Hit With Thousands of Claims Following Storms and Floods in New Zealand
Major insurers operating in New Zealand including Insurance Australia Group and Suncorp Group have cumulatively received over 9,000 claims so far following severe storms and flooding in and around the biggest city, Auckland. As of Monday morning, Suncorp’s Vero and …
POSTED JANUARY 30, 2023 8:22 AM |
Filipino Workers Say Oil Company Abandoned Them in Hurricane Ida
NEW ORLEANS (AP) – As Hurricane Ida struck the Louisiana Gulf Coast in August 2021, Renato Decena and Rosel Hernandez watched the storm punch a hole in the roof of the bunkhouse where they were sheltered _ abandoned, they allege, …
POSTED JANUARY 30, 2023 8:00 AM |
Twitter Asks Judge to Toss Out Proposed Sex Bias Class Action
Twitter Inc. has asked a federal judge to toss out a proposed class action claiming the company targeted female employees during its recent mass layoffs, saying the plaintiffs failed to identify any actual discrimination. Twitter said the December lawsuit fails …
POSTED JANUARY 30, 2023 6:52 AM |
Musk Faces SEC Probe for Role in Tesla Self-Driving Claims
US regulators are investigating Elon Musk’s role in shaping Tesla Inc.’s self-driving car claims, the latest effort by watchdogs to scrutinize the actions of the world’s second-richest person. The review is part of an ongoing Securities and Exchange Commission probe …
POSTED JANUARY 30, 2023 6:16 AM |
Ford Recalls 462,000 Vehicles for Rear Camera Display Failure
Ford Motor Co said Friday it is recalling 462,000 vehicles worldwide because video output may fail, preventing the rearview camera image from displaying. The U.S. automaker said the recall covers some 2020-2023 model year Explorer, Lincoln Aviator, and 2020-2022 Lincoln …
POSTED JANUARY 30, 2023 6:09 AM |
Allstate’s Castle Key Plans to Drop 33,000 Condo Policies in Florida
At least one of Allstate Insurance group’s Florida subsidiaries plans to non-renew 33,000 Florida condominium policies, starting in June. In a notice sent to Florida agents this month, Allstate said its Castle Key subsidiary had sent a letter Jan. 11 …
POSTED JANUARY 30, 2023 6:01 AM |
People Moves: California Commissioner Appoints Members to Statewide Boards
California Insurance Commissioner Ricardo Lara appointed Carolyn Wysinger as the newest member to the California Automobile Assigned Risk Plan Advisory Committee, and April Savoy, Patrick Wong, and Peter Guastamachio as members on the California Insurance Guarantee Association Board of Governors. …
POSTED JANUARY 30, 2023 6:00 AM |
Locals Unhappy Over State Settlement With Superfund Site Owner BASF
TOMS RIVER, N.J. (AP) — In hindsight, it’s clear that something was very wrong in this suburban town at the Jersey Shore, where many people worked at or lived near a chemical company that was flushing toxic waste into waterways …
POSTED JANUARY 30, 2023 6:00 AM |
Dozens Injured as Snow Leads to Massive Pileup in Wisconsin
MADISON, Wis. (AP) – Dozens of people were injured in a massive traffic pileup amid snowy conditions in southern Wisconsin on Friday, which blocked Interstate 39/90 for hours, authorities said. Beloit Memorial Hospital said at least 27 people were treated …
POSTED JANUARY 30, 2023 5:58 AM |
2 Big Cannabis Insurance Providers Say Losses from California Storms Not as Bad as Feared
Just how big an impact the recent historic California storms had on the state’s cannabis industry is still coming into focus, and while two of the biggest players in California’s cannabis insurance market are starting to see upticks in claims, …
POSTED JANUARY 27, 2023 8:12 PM |
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