Insurance Journal delivers the latest business news for the Property/Casualty insurance industry
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Extreme Weather Is Driving More US Power Outages, Studies Show

For decades, residents of eastern Queens in New York City have complained that they’re more likely to lose power when extreme weather hits, even as lights in other parts of the city stay on. A new study that looks at …

Fri May 3, 2024 19:31
Cracks in O’Hare Columns Aren’t Insured Property Damage, Just Bad Product – Court

Cracked steel columns are not “property damage,” but are building products that are not covered by a contractor’s general liability policy, the U.S. 7th Circuit Court of Appeals decided in an opinion that lets St. Paul and other insurers off …

Fri May 3, 2024 18:31
Yemen’s Houthis Threaten Ships in Mediterranean Sea That Are Sailing to Israeli Ports

Yemen’s Houthis will target ships heading to Israeli ports in any area that is within their range, military spokesman Yahya Sarea said in a televised speech on Friday. “We will target any ships heading to Israeli ports in the Mediterranean …

Fri May 3, 2024 17:32
Binance Crypto Founder Zhao Sentenced to Four Months in Prison

Changpeng Zhao, the former chief executive of Binance, was sentenced on Tuesday to four months in prison after pleading guilty to violating U.S. laws against money laundering at the world’s largest cryptocurrency exchange. Once considered the most powerful crypto industry …

Fri May 3, 2024 17:32
Pennsylvania High Court to Decide If Workers’ Compensation Covers CBD Oil

A veteran Pennsylvania workers’ compensation attorney will soon have a chance to argue before the Pennsylvania Supreme Court that his own use of cannabinoid oil (CBD oil) is covered by workers’ compensation. It’s an argument he won last November with …

Fri May 3, 2024 17:32
Tech Update: Marsh McLennan Launches AI Solution to Manage Supply Chain Risks

Marsh McLennan, the insurance and reinsurance broker, has launched Sentrisk, an artificial intelligence-powered platform, which aims to help businesses manage global supply chain risk. Created through the combined capabilities of Marsh McLennan businesses Marsh and Oliver Wyman, Sentrisk uses advanced …

Fri May 3, 2024 17:32

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