Insurance Journal
Lawmakers in two states passed bills this year to require disclosure of litigation funding contracts. Business groups are pushing for similar rules in federal courts nationwide. Montana Gov. Greg Gianforte on May 2 signed into law Senate Bill 269, wh...
Posted: Jun 13, 2023
Florida authorities are investigating a steakhouse after seven patrons were hospitalized with what may have been poisoning from narcotics. Santa Rosa County Sheriff said that some type of narcotic was in the food at Nikko Japanese Sushi Bar and Steak...
Posted: Jun 13, 2023
As tranquil instrumental music plays over gauzy images of nature, a woman’s voice-over begins. “Isn’t it a paradox,” she wonders aloud, “that the love for this world that gets us out in it, sometimes leaves behind the th...
Posted: Jun 13, 2023
A December fire at a fireworks company warehouse, which killed four workers and gravely injured a fifth, was preventable, but the company will face just $109,375 in fines, the U.S. Occupational Safety and Health Administration announced. Magic in the...
Posted: Jun 13, 2023
New Mexico has settled with Walgreens for $500 million over the pharmacy chain’s role in distributing highly addictive prescription painkillers. The agreement was signed in March, and state officials confirmed that a confidentiality provision o...
Posted: Jun 13, 2023
Drivers began longer commutes Monday after an elevated section of Interstate 95 collapsed in Philadelphia a day earlier following damage caused by a tanker truck carrying flammable cargo catching fire. Sunday’s fire closed a heavily traveled se...
Posted: Jun 13, 2023
Major oil and container ports have shut in India as a severe cyclone tracks toward the nation’s west coast near Pakistan. Adani Group’s flagship Mundra operation, India’s busiest container harbor, the oil ports of Vadinar and Sikka,...
Posted: Jun 13, 2023
European Union antitrust regulators may order Alphabet Inc.’s Google to sell a part of its advertising-technology business, a source with direct knowledge of the matter told Reuters on Monday. The EU’s top antitrust watchdog, the European...
Posted: Jun 13, 2023
European Union antitrust regulators may order Alphabet Inc.’s Google to sell a part of its advertising-technology business, a source with direct knowledge of the matter told Reuters on Monday. The EU’s top antitrust watchdog, the European...
Posted: Jun 13, 2023
New York lawmakers have again overwhelmingly passed legislation to overhaul the state’s 1847 law that governs damages that can be awarded in wrongful death cases. But it’s unclear whether the latest version of the Grieving Families Act wi...
Posted: Jun 13, 2023
The hackers responsible for the MOVEit cyberattack downloaded confidential information from UK communications regulator Ofcom about companies it regulates, as well as its own employees — adding to a string of victims which includes IAG SA’s Bri...
Posted: Jun 13, 2023
This year will mark the fourth year of a hardening market for commercial lines underwriting cycle, according to the latest US Commercial Lines Market Update released by Fitch Ratings. The Council of Insurance Agents & Brokers’ (CIAB) commer...
Posted: Jun 13, 2023
Lawmakers in two states passed bills this year to require disclosure of litigation funding contracts. Business groups are pushing for similar rules in federal courts nationwide. Montana Gov. Greg Gianforte on May 2 signed into law Senate Bill 269, wh...
Posted: Jun 13, 2023
When a Tennessee man set off a bomb in downtown Nashville in 2020, it not only disrupted a peaceful Christmas morning in the city, it put some nearby establishments out of business for more than 30 months. The vehicle blast, …
Posted: Jun 13, 2023
Maine lawmakers have signed off on a proposal to expand the state’s equal pay law to prevent discrimination on the basis of race. The proposal from House Speaker Rachel Talbot Ross received affirmative votes in both chambers of the Maine …...
Posted: Jun 13, 2023
A dozen Philadelphia police officers who were fired or suspended for racist and violent social media posts can pursue a lawsuit against the city claiming their First Amendment rights were violated, a federal appeals court ruled. The officers’ s...
Posted: Jun 13, 2023
Despite a relatively average 2022 wildfire season, fears of wildfires remain at an “all-time high,” and those fears appear to be one driver of decision-making on property insurance. A new report from Gallagher Re shows the threat of damag...
Posted: Jun 12, 2023
A Berkshire Hathaway Inc. unit is liable for destruction caused by the 2020 Labor Day Fires in Oregon, a jury concluded, exposing energy company PacifiCorp to potentially more than $1.5 billion in damages. Following a seven-week trial, a state court...
Posted: Jun 12, 2023
In a June 9 ruling, a federal judge denied Aon a temporary restraining order against Alliant Insurance Services related to the latter’s alleged “unlawful raid” of employees to start a reinsurance business. Last month, Aon filed suit...
Posted: Jun 12, 2023
DES MOINES, Iowa (AP) – So many people knew something wasn’t right at the 116- year-old Davenport apartment building. The structural engineer who documented the shaky wall. The head of a masonry company who wouldn’t let his workers...
Posted: Jun 12, 2023
SURFSIDE BEACH, Texas (AP) – Nearly two dozen teenagers from a summer camp were injured when an elevated walkway collapsed Thursday in a beachside city in Texas, with five flown to the hospital by helicopter. None of the injuries were …
Posted: Jun 12, 2023
AUSTIN, Texas (AP) – A Texas appeals court on Friday dismissed a billionaire’s defamation lawsuit against Democrat Beto O’Rouke that was brought after O’Rourke criticized a $1 million campaign contribution to Republican Gov. G...
Posted: Jun 12, 2023
This edition of International People Moves details appointments at Everest Insurance and Sompo International. A summary of these new hires follows here. Everest Insurance Names Industry Veteran Laval as Chief Commercial Officer, Int’l Division...
Posted: Jun 12, 2023
ST. LOUIS (AP) – The Archdiocese of St. Louis will pay $1 million to settle a lawsuit filed by a man who was sexually abused as a child by a priest who previously spent 12 years in prison for abusing …
Posted: Jun 12, 2023
R&Q Insurance Holdings, (R&Q) the non-life speciality insurer that focuses on program management and legacy insurance business, announced a capital raise of $50 million to $60 million. In addition, it has completed a planned reorganization to...
Posted: Jun 12, 2023