December 9, 2019
Mon, 09 Dec 2019 07:08:03 +0000
A federal judge has ruled that an 1851 maritime law does not protect a company from making payments to families of people aboard a tourist boat that sank on a Missouri lake, killing 17 people. After the July 2018 sinking …
Mon, 09 Dec 2019 06:54:16 +0000
National wholesale insurance broker, managing general agent and program underwriter, Worldwide Facilities, has added Nicole Rickett to the Chicago/Atlanta Transportation Team as a vice president. Rickett has been in the insurance business for nearly 20...
Mon, 09 Dec 2019 06:46:32 +0000
Federal workplace safety regulators have proposed just over $205,000 in penalties against a Missouri-based roofing contractor for exposing employees to fall hazards at three separate work sites. The U.S. Department of Labor’s Occupational Safety and He...
Mon, 09 Dec 2019 06:25:32 +0000
St. Louis, Missouri-based Safety National, through its annual Safety First Grant Program, has awarded three policyholders for their creative risk control solutions. The first-place grant, in the amount of $10,000, was awarded to Yale University to host...
Mon, 09 Dec 2019 06:16:31 +0000
A federal judge has approved a historic settlement agreement between Taiwan-based plastics manufacturer Formosa and an environmental activist represented by indigent legal services nonprofit Texas Rio Grande Legal Aid. TRLA said the $50 million settlem...
Mon, 09 Dec 2019 06:14:38 +0000
Firefighters battled hot spots at a south Georgia peanut warehouse on Thursday, more than a day after the blaze began. Coffee County Fire Chief Steve Carver told The Associated Press that firefighters arrived at the warehouse in Douglas to find …
Mon, 09 Dec 2019 06:07:33 +0000
New scientific projections released Wednesday predict that ocean levels will rise even faster than previously forecast over the next four decades in low-lying southeastern Florida, which is already prone to frequent flooding even on sunny days. Compare...
Mon, 09 Dec 2019 06:00:49 +0000
The mother of a middle schooler is suing the district, saying her wheelchair-bound son fell and fractured his thigh bones and school staff didn’t tell her until three days later. The Oregonian/OregonLive reports Sherry Schregardus said her son Devin has …
Mon, 09 Dec 2019 06:00:47 +0000
Google, Alibaba and other “Big Tech” companies could be forced to share data on financial services customers with banks and financial technology firms to prevent unfair competition. As Facebook’s plan for its Libra “stablecoin” faces scrutiny, a global...
Mon, 09 Dec 2019 06:00:29 +0000
A deadly virus called Nipah carried by bats has already caused human outbreaks across South and South East Asia and has “serious epidemic potential,” global health and infectious disease specialists said on Monday. The virus, identified in 1999 in Mala...
Mon, 09 Dec 2019 06:00:11 +0000
Global insurer Chubb announced leadership appointments for North America Commercial Insurance, the company’s $5.8 billion retail commercial property/casualty insurance division that serves middle market and small businesses in the United States and Can...
Mon, 09 Dec 2019 06:00:09 +0000
Los Angeles will pay $4 million to settle a lawsuit brought by a woman who was injured when her car plunged into a sinkhole nearly three years ago. The City Council agreed to the settlement on last week. Stephanie Scott …
Sun, 08 Dec 2019 23:00:55 +0000
At least 43 people died in a blaze in New Delhi early Sunday morning, authorities said. The fire broke out in a factory operating in a residential area, Anil Mittal, a spokesman for the Delhi police said. The state government …
Sun, 08 Dec 2019 23:00:23 +0000
Royal Dutch Shell Plc units won a U.K. ruling preventing London courts from enforcing a $516 million Nigerian judgment for damages caused by an oil spill half a century ago. Judge Jason Coppel on Thursday overturned an attempt to carry …
Sun, 08 Dec 2019 18:00:11 +0000
Elon Musk defeated defamation allegations Friday from a British cave explorer who claimed he was branded a pedophile when the Tesla CEO called him “pedo guy” in an angry tweet. Vernon Unsworth, who participated in the rescue of 12 boys …
Fri, 06 Dec 2019 22:12:08 +0000
California Insurance Commissioner Ricardo Lara will have to choose whether he wants insurers to charge higher rates or to stop writing homeowners insurance in fire-prone areas, an industry representative said following new wildfire directives announced...
Fri, 06 Dec 2019 17:51:12 +0000
A former Georgia mayor pleaded guilty Tuesday to 30 counts of insurance fraud after stealing over $11,000 from victims who believed they were paying for insurance policies. Former Franklin Mayor Brad Yates, in a negotiated plea deal, was sentenced to …
Fri, 06 Dec 2019 17:43:49 +0000
A woman who says she was kicked out of a North Carolina nursing school a month before graduation in retaliation for accusing a supervisor of sexual harassment is suing in a case supported by the Time’s Up movement legal fund. …
Fri, 06 Dec 2019 17:33:58 +0000
Texas Mutual Insurance Co. reported that two Texans have been convicted of workers’ compensation fraud in two separate cases. The workers’ compensation insurer said Sharon Boachie of Arlington and Larry Toliver of Knox City were sentenced in Travis Cou...
Fri, 06 Dec 2019 17:01:02 +0000
Concerns over air quality have prompted a voluntary evacuation order that was in effect on Dec. 5 for a Texas Gulf Coast city where a pair of chemical plant explosions occurred last week. Port Neches issued the voluntary order for …
Fri, 06 Dec 2019 14:59:57 +0000
The U.S. property/casualty insurance sector should see small improvements in underwriting profits in 2019 and 2020, thanks largely to commercial lines price increases, Fitch Ratings predicts in a new report. But personal auto and workers’ compensation ...
Fri, 06 Dec 2019 14:50:23 +0000
Assessments following Alaska’s enormous 2018 earthquake showed building damage was worse outside Anchorage’s safety area because of reduced regulation, municipal officials said. There was less structural damage in the Anchorage Building Safety Service ...
Fri, 06 Dec 2019 14:45:55 +0000
Saxe Doernberger & Vita P.C. (SDV) has hired Associate Brian J. Clifford to its Northeast office. Clifford has almost a decade of experience in litigation, including insurance coverage, from depositions and discovery through mediations, trials and appe...
Fri, 06 Dec 2019 14:37:39 +0000
A judge who dismissed Walgreens as a defendant in Delaware’s lawsuit against the drug industry over the opioid crisis has denied the government’s request to certify an appeal to Delaware’s Supreme Court. Wednesday’s ruling follows the judge’s denial in...
Fri, 06 Dec 2019 14:31:46 +0000
Massachusetts prosecutors asked a judge to sentence a drain company owner to seven to 10 years in prison for his involvement in the collapse and flooding of a trench that killed two workers. Atlantic Drain Service owner Kevin Lee Otto, …
Fri, 06 Dec 2019 14:11:53 +0000
AmTrust Financial Services has promoted Adam Karkowsky to the role of president of AmTrust, reporting to Barry Zyskind, chairman and chief executive officer. The company said Karkowsky will continue to also serve in the role of chief financial officer ...
Fri, 06 Dec 2019 13:30:21 +0000
Bayer AG agreed to postpone two upcoming U.S. trials involving its Roundup weedkiller to allow time for mediation talks on a possible settlement with plaintiffs. The German agriculture giant agreed to delay two trials that were set to begin in …
Fri, 06 Dec 2019 12:47:31 +0000
A survey of 41 major corporations by broker Willis Towers Watson found that 61% believe political risk levels increased in 2019 while 68% have actually suffered a political risk loss. Disruption of international trade was considered the most significan...
Fri, 06 Dec 2019 10:28:36 +0000
Centricus, the U.K. investment firm that helped SoftBank Group Corp. raise its $100 billion Vision Fund, is entering the insurance industry by forming a joint venture with former Goldman Sachs Group Inc. partner Chris Milner. The new venture with Milne...
Fri, 06 Dec 2019 10:07:24 +0000
Pirates boarded a fully loaded supertanker off the coast of Nigeria, an act that is sure to ring alarm bells for insurers about the risk of collecting oil from Africa’s biggest producer. Nineteen crew were kidnapped and remain missing, a …