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News – Insurance Journal
Cannabis Legalization Debate Turns to Questions of Pot Potency
As marijuana legalization spreads across U.S. states, so does a debate over whether to set pot policy by potency. Under a law signed last month, New York will tax recreational marijuana based on its amount of THC, the main intoxicating …
POSTED APRIL 22, 2021 3:57 PM |
Mental Health Drug Prescriptions on the Rise
The number of Americans taking prescription medication is up 6.4% in the last year, which means that 65 million people (1 in 5) are now prescribed medication to help them cope with stress, anxiety or depression, according to an online …
POSTED APRIL 22, 2021 2:54 PM |
White House to Assist Drought-Plagued Western U.S. Communities
The White House on Wednesday announced an effort to provide immediate support to farmers, tribes and communities suffering from worsening drought conditions in the Western United States. After a meeting of the National Climate Task Force, President Joe Biden’s administration …
POSTED APRIL 22, 2021 2:27 PM |
People Moves: AXA XL’s Hiscock to AXIS; Carpenter Promotes Gaudron, Hires Willis Re’s den Boer; Dahlmann at Marsh; Forder to Dale Underwriting
This wrap-up of international People Moves details recent appointments at AXIS Re, Guy Carpenter, Marsh and Dale Underwriting Partners. A summary of these new hires follows here. AXIS Re, the reinsurance business segment of Bermuda-based AXIS Capital Holdings Ltd., announced …
POSTED APRIL 22, 2021 12:25 PM |
Hartford Rejected 3 Acquisition Offers From Chubb From $65 to $70 a Share
After its initial offer of $65 per share to acquire The Hartford was rejected, insurer Chubb came back with two additional offers of $67 and then $70 per share, The Hartford reported today in its first quarter filings. The Hartford’s …
POSTED APRIL 22, 2021 12:02 PM |
Geico Customer Data Breach May be Part of Unemployment Insurance Scam
Auto insurer Geico recently reported that fraudsters have been stealing license numbers of its customers for the past few months and possibly using them to fraudulently apply for unemployment benefits. In a data breach notification filed with California’s data privacy …
POSTED APRIL 22, 2021 11:18 AM |
Philippine Rescuers Find Bodies of 4 Crew Members of Abandoned Cargo Ship; 9 Missing
MANILA, Philippines – Rescuers in the southern Philippines found the bodies of four crew members Wednesday and rescued seven others who jumped off a cargo vessel, which took in water and listed after its anchor broke in rough seas, officials …
POSTED APRIL 22, 2021 10:51 AM |
New York Contractor to Pay $135K in Penalties After Trench Collapse
A Long Island, New York, superstructure, foundation and concrete company will pay $135,612 in penalties stemming from the collapse of an approximately 30-foot deep trench in Oyster Bay that led to the deaths of two workers. Following a January 2020 …
POSTED APRIL 22, 2021 10:00 AM |
Fire Erupts at Maryland Domino Sugar Plant, No Injuries Reported
A fire at the Domino Sugar plant sent white smoke billowing over the Inner Harbor in Baltimore, Maryland, last Tuesday, but no injuries were immediately reported, a fire department spokeswoman said. A conveyer belt apparently carried a burning substance from …
POSTED APRIL 22, 2021 10:00 AM |
Massachusetts Eye and Ear to Pay $2.6M to Resolve False Claims Act Allegations
Massachusetts Eye and Ear Infirmary, Massachusetts Eye and Ear Associates Inc. and the Foundation of the Massachusetts Eye and Ear Infirmary Inc., collectively referred to as Massachusetts Eye and Ear, have agreed to pay $2.678 million to resolve allegations that …
POSTED APRIL 22, 2021 10:00 AM |
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