Insurance Journal News Feed

Insurance Journal news feed

1. 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 …

2. 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 …

3. 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 …

4. 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 …

5. 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 …