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Business Insurance

VW may seek damages from ex-CEO Winterkorn over ‘dieselgate’


POSTED JUNE 22, 2018 1:55 PM
Petrobras workers win $4.5 billion wage spat
(Reuters) — Brazil's top labor court on Thursday ruled in favor of workers at state-controlled Petroleo Brasileiro in a wage dispute that could cost the world's most indebted oil company up to 17 billion reais ($4.5 billion).

POSTED JUNE 22, 2018 1:17 PM
Oilfield services provider wins patent damages
(Reuters) — The U.S. Supreme Court ruled on Friday that companies can recover profits lost because of the unauthorized use of their patented technology abroad in a victory for Schlumberger N.V., the world's largest oilfield services provider.

POSTED JUNE 22, 2018 12:52 PM
Consumer protection agency's structure unconstitutional: Judge
(Reuters) — A federal judge in New York ruled on Thursday that the structure of the U.S. Consumer Financial Protection Bureau is unconstitutional, forbidding the agency from suing a company that advances money to people awaiting settlement payouts.

POSTED JUNE 22, 2018 12:31 PM
Utility sector workers at higher risk of serious injuries: Study
Employees in the utility sector are at higher risk for serious injuries and fatalities than workers in other industries such as construction, manufacturing and mining, according to a new study.

POSTED JUNE 22, 2018 11:46 AM
Uber driver was streaming Hulu show before crash: Police
(Reuters) — Police in Tempe, Arizona, said evidence showed the "safety" driver behind the wheel of a self-driving Uber was distracted and streaming a television show on her phone right up until about the time of a fatal accident in March, deeming the crash that rocked the nascent industry "entirely avoidable."

POSTED JUNE 22, 2018 10:51 AM
Insurance trade associations AIA, PCI explore merger


POSTED JUNE 22, 2018 9:12 AM
The BI Top 10
This week’s most popular stories include arbitration for a terminated Chubb executive, a new San Diego president for Lockton, and more.

POSTED JUNE 22, 2018 6:48 AM
Norway fines Telenor nearly $100 million
The Norwegian Competition Authority has fined Norway-based telecommunication giant Telenor A.S.A. $97 million for misusing its dominant position.

POSTED JUNE 22, 2018 6:06 AM

News – Insurance Journal

California Workers’ Comp Rating Bureau Exploring Blockchain, Behavioral Science
One wouldn’t normally associate blockchain with workers’ compensation, two completely different industries that seem worlds apart. But as it turns out, the technology is of value to at least one very important entity in the space. The Workers’ Compensation Insurance …

POSTED JUNE 22, 2018 6:18 PM
Colorado Hailstorm Carries $169M Insurance Price Tag
Thousands of Fountain and Colorado Springs, Colo. area residents have spent the past week cleaning up and meeting with insurance adjusters after an unusual early morning June 13 storm pounded vehicles and roofs golf and baseball-sized hail. The storm caused …

POSTED JUNE 22, 2018 6:10 PM
Alaska Marijuana Regulators to Discuss Onsite Use
Alaska regulators are set to discuss proposed rules for allowing onsite consumption of marijuana at certain shops in August. Regulators have gone back and forth on onsite use, adopting rules in late 2015 to allow people to use marijuana at …

POSTED JUNE 22, 2018 3:22 PM
How Insurance Plans Contribute to Opioid Epidemic: Johns Hopkins Study
Health care insurers including Medicare, Medicaid and major private insurers have not done enough to combat the opioid epidemic, suggests a study led by researchers at Johns Hopkins Bloomberg School of Public Health. The Bloomberg School researchers examined major insurers’ …

POSTED JUNE 22, 2018 3:10 PM
Motorcyclist Hit by Police SUV in California to Get $12M
Officials in Oakland, Calif. have agreed to pay $12 million to a motorcyclist who lost a leg and was badly hurt when struck by a police vehicle that allegedly ran a red light. The East Bay Times reported that the …

POSTED JUNE 22, 2018 3:09 PM
Phillies Fan Injured by Flying Hot Dog Launched by Phanatic
It was a flying frankfurter and not a foul ball that left a baseball fan with a black eye in Philadelphia. Kathy McVay says she was at Monday night’s Phillies game when the team’s mascot, the Phillie Phanatic, rolled out …

POSTED JUNE 22, 2018 3:04 PM
Tropical Weather System Drenches South Texas, Flooding Reported
The entire Texas coastline has been drenched this week with heavy rains resulting in flooding in many areas with several cities reporting rainfall totals in excess of 12 inches. The Insurance Council of Texas is issuing a reminder that record …

POSTED JUNE 22, 2018 3:02 PM
Police Say Uber Driver Was Streaming Hulu Before Self-Driving Car Crash in Arizona
Police in Tempe, Arizona said evidence showed the “safety” driver behind the wheel of a self-driving Uber was distracted and streaming a television show on her phone right up until about the time of a fatal accident in March, deeming …

POSTED JUNE 22, 2018 2:53 PM
Most Global Organizations Fail to Learn from Cyber Mistakes: WTW Survey
A majority of executives around the world feel their organizations can do better when it comes to learning from their past cyber mistakes, according to the results of a global survey conducted by The Economist Intelligence Unit (EIU) and Willis …

POSTED JUNE 22, 2018 2:29 PM
Federal Judge Rules Against Consumer Financial Bureau Structure
A federal judge in New York ruled on Thursday that the structure of the U.S. Consumer Financial Protection Bureau is unconstitutional, forbidding the agency from suing a company that advances money to people awaiting settlement payouts. The decision by U.S. …

POSTED JUNE 22, 2018 1:42 PM

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