Insurance Journal News Feed

Insurance Journal news feed

1. Global Warming Can’t Be Ignored, Montana’s Top Court Says, Upholding Landmark Climate Case

   Montana’s Supreme Court upheld a landmark climate ruling that said the state was violating residents’ constitutional right to a clean environment by permitting oil, gas and coal projects without regard for global warming. The justices, in a 6-1 ruling, rejected …

2. Chicago Restaurant Owners to Pay $125K in Overtime Back Wages

   The U.S. Department of Labor obtained a consent judgment and order in the U.S. District Court for the Northern District of Illinois on Dec. 2, 2024, that requires D’Nuez Corp. and owners Antonio Rendon and Albino Rendon – operators of …

3. Swiss Re’s Business Unit CEOs Share Views on Key Risk Themes of 2025

   Social inflation will continue to be a top concern for insurers and reinsurers in 2025 with US liability claims increasing by 57% during the past decade and nuclear verdicts rising in frequency, said Swiss Re, pointing to jury awards above …

4. Tesla Recalls Nearly 700,000 Vehicles in Over Tire Pressure Monitoring Issue

   Tesla said on Friday it was recalling 694,304 vehicles in the United States over an issue with the tire pressure monitoring system (TPMS). The TPMS warning light may not remain illuminated between drive cycles, failing to warn the driver of …

5. Liberty Mutual Weighs Sale of Thailand, Vietnam Assets

   Liberty Mutual Holding Co. is considering a sale of its businesses in Thailand and Vietnam as the US insurer seeks to streamline its operations, according to people familiar with the matter. Liberty Mutual is working with a financial adviser on …