Florida to Borrow Billions to Backstop Insurers After Hurricanes
The state corporation that oversees the Florida Cat Fund is planning to borrow as much as $3.8 billion to ensure the fund has plenty of money on hand to reimburse property insurers for losses when homes are damaged or destroyed …
US Appeals Court Revives Mexico’s $10B Lawsuit Against Gun Maker
A U.S. appeals court on Monday revived a $10 billion lawsuit by Mexico seeking to hold American gun manufacturers responsible for facilitating the trafficking of weapons to drug cartels across the U.S.-Mexico border. The Boston-based 1st U.S. Circuit Court of …
Brown & Brown’s Q4 Profit Jumps on Robust Growth in Fee, Investment Income
Insurance brokerage Brown & Brown reported an 85% surge in fourth-quarter profit to $268.6 million on Monday, helped by higher commissions and fees alongside better investment returns. The insurance industry typically enjoys stable demand for its products regardless of the …
UK Braces for More Hurricane-Strength Winds From Next Atlantic Storm
Just over a day after Storm Isha started to clear, the UK is bracing for more hurricane-strength winds off the Atlantic. Jocelyn — the 10th named storm of the season to hit the UK — will rip across the north …
French Regulator Fines Amazon for ‘Intrusive’ Staff Surveillance
French regulator CNIL said on Tuesday it had fined Amazon France Logistique 32 million euros ($35 million) for what the CNIL said was an “excessively intrusive” surveillance system set up to monitor the performance of staff. The CNIL said indicators …
Australia Imposes Sanctions on Russian Citizen Over Hack of Insurer Medibank
Australia imposed cybersecurity sanctions for the first time on a Russian hacker over his role in the breach of healthcare insurer Medibank Private Ltd. that exposed the sensitive private data of millions of Australians. Foreign Minister Penny Wong announced Tuesday …
Southwest Wins Appeal in Cyber Excess Coverage Dispute With Liberty
The 5th U.S. Circuit Court of Appeals ruled last week that Southwest Airlines can continue to seek reimbursement under its Liberty Mutual cyber risk policy for costs incurred during a 2016 massive computer failure. An appeals court panel disagreed with …
Illinois Man Pleads Guilty to Arson and Insurance Fraud Scheme
An Illinois man admitted guilt in federal court last week for his involvement in a scheme to commit arson on residential properties and collect fraudulent insurance benefits. Rufis A. Jefferson, 47, of Venice, Illinois, pleaded guilty to 14 federal felony …
Family of Texas Woman Killed in Propane Truck Collision Files $150 Million Lawsuit
The family of a Texas woman killed in a January collision with a propane truck has filed a $150 million lawsuit against the propane company and the driver of the vehicle, citing negligence and wrongful death. Nineteen-year-old Yuliana Castillo and …
Vans, Dickies Owner VF Corp: Data of 35.5M Consumers Stolen in Recent Cyberattack
Apparel and footwear company VF Corp. disclosed last week that the personal data of about 35.5 million consumers were stolen as part of a December 2023 cyberattack. According to a Jan. 18 filing with the U.S. Securities and Exchange Commission, …
Florida Senate Committee Adopts Litigation Funding Rules; Expands Wrongful Death
Litigation financing could soon become more transparent and less influential in Florida, but a 34-year-old restriction on who can file medical malpractice wrongful death claims would be expanded under bills approved Monday by a key Florida legislative panel. The Senate …
Georgia Woman Wanted on Charges She Filed $45,000 in Faked Pet Insurance Claims
Law enforcement officials on Monday were looking for a Georgia woman who allegedly gained almost $45,000 from fraudulent pet insurance claims, from 2019 through 2022. Amanda Lindley, 39, of Paulding County, northwest of Atlanta, is wanted for submitting 48 claims …
Roof Claim for Damage by Vultures Fails on Ordinary, Not Expert, Meaning of ‘Infestation’
How many vultures are required and how long must they be present to create an infestation? The Pennsylvania-based owner of a Maryland commercial building has learned that the answer, at least for insurance purposes, does not lie with an expert …
5 Firefighters Injured Battling Pittsburgh Blaze; 2 Fell Through Roof
Five firefighters were injured, two by falling through a roof, while battling a blaze at three buildings in a Pittsburgh neighborhood over the weekend, authorities said. Fire crews were called just before 9:30 a.m. Saturday to the Homewood neighborhood where …
Man Who Built Plane That Crashed off California Coast Recalls Selling to Enthusiast
A small airplane that crashed into the ocean off the California coast on Sunday was constructed piece by piece over nearly a decade, one of tens of thousands of home-built aircraft that are part of a high-flying hobby taking off …
New Orleans to Activate Citywide Freeze Plan Ahead of Extreme Winter Weather
The City of New Orleans announced that they will activate a citywide freeze plan in anticipation of the extreme winter weather expected to bring dangerously low temperatures below freezing starting Jan. 19. The National Weather Service (NWS) predicts that there …
Medical Experts May be Needed, Even in Negligence Claims – Kentucky Supreme Court
When a baseball umpire, well-traveled in college conferences, went to a hospital for X-rays on his surgically repaired ankle in 2015, a hospital attendant pushing the ump’s wheelchair accidentally bumped his foot against a desk. The question that has percolated …
Cold Weather Causes More Than 60 Oil Spills in North Dakota
BISMARCK, N.D. (AP) — Bitter cold weather is causing a rash of spills in the oil fields of North Dakota as well as a slowdown in production, regulators say. North Dakota has seen multiple days of frigid weather with windchills …
People Moves: Atain Names Dassow VP, Head of Primary Liability; WSIA Names New Secretary and Director Following Maner’s Retirement
Atain Names Dassow VP, Head of Primary Liability Atain Insurance Companies, headquartered in Farmington Hills, Mich., hired Tom Dassow as vice president and head of primary liability, leading Atain’s newly formed general liability brokerage unit. Most recently, Dassow led CM …
Texas Car Dealership Faces Lawsuit for Sexual Harassment and Retaliation
South Austin Nissan, a car dealership in Austin, Texas, operated by NICPA Central Auto Group, LLC, subjected female employees to sexual harassment and retaliated against employees when they reported the harassment the U.S. Equal Employment Opportunity Commission (EEOC) charged in …
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