Hong Kong Employees Demand 6% Raise to Work in Office Full Time January 8, 2024 By Shawna Kwan Hong Kong workers say they would need a 6% raise to give up hybrid work arrangements, a dilemma that’s expected...
FEMA Adds Nearly $620M to Reinsurance Program January 8, 2024 FEMA announced that the agency is transferring $619.5 million more of the National Flood Insurance Program’s financial risk to the...
Microsoft, OpenAI Hit With New Lawsuit by Authors Over AI Training January 8, 2024 By Blake Brittain OpenAI and its financial backer Microsoft were sued on Friday in Manhattan federal court by a pair of nonfiction authors...
Affinity Hires Revenue Chief, NC DOI Elevates Counsel to Chief Operating Officer January 8, 2024 Affinity Advisors, providers of a digital platform for securing specialty insurance, has named a former Aon and Marsh McLennan executive...
North Carolina Rate Bureau Wants 42% Hike in Residential Property Insurance Rates January 8, 2024 The North Carolina Rate Bureau, basing its calculations on input from 197 property insurance companies, has asked for a 42%...
Florida Bills Would Provide Millions in Flood Mitigation, Elevation Grants January 8, 2024 By Insurance Journal Staff Reports Florida’s wind-mitigation grant program for homeowners has proven to be so popular that the governor has proposed another $107 million...
Because ‘Location’ Is Ambiguous in Marine Cargo Policy, Travelers Must Pay Fire Loss January 8, 2024 A New York-based apparel company is entitled to its claim for the full $600,000 limit on its marine cargo insurance...
New York City Subway Collision With Another Train Injured More Than 20 People January 8, 2024 A New York City subway train derailed last Thursday after colliding with another train at low speed, leaving more than...
Mutual Insurance Company of Arizona Declares $15M Dividend January 8, 2024 The board of Mutual Insurance Company of Arizona declared a dividend for its policyholders totaling $15 million. The funds are...
Oregon Judge Refuses to Dismiss 2015 Climate Lawsuit Filed by Youth January 5, 2024 A judge in Oregon rejected a U.S. Department of Justice request to dismiss a 2015 lawsuit brought by young people...