Delaware High Court Hands Agency a New Shot at Malpractice Claim Against Law Firm
A Delaware insurance agency has won another chance at proving a law firm was negligent in defending it in a non-compete dispute with another agency, a dispute it ended up settling for $1.2 million. The Delaware Supreme Court has reversed …
Munich Re Says Beating Target More Likely After Strong Quarter
Munich Re said it might beat its profit target for the year after first-quarter profit jumped amid benign expenditures to cover major losses and a strong investment result. Net income rose to about €2.1 billion ($2.2 billion) in the three …
Markets/Coverages: Liberty Mutual Re, Safehub Offer Parametric Quake Re/Insurance
Liberty Mutual Reinsurance (LM Re), part of Liberty Mutual Insurance Group, has announced a partnership with Safehub, a technology provider in seismic sensor and risk management solutions to offer a market-first, building-specific, sensor-based, parametric earthquake re/insurance product to clients globally. …
Musk Decries Australian Court ‘Censorship’ of Terror Posts on X
Elon Musk lashed out at Australia’s prime minister on Tuesday after a court ordered his social media company X take down footage of an alleged terrorist attack in Sydney, and said the ruling meant any country could control “the entire …
Oklahoma Bus Driver Crashes Into Building After Being Punched by Passenger
OKLAHOMA CITY (AP) — A man was arrested after being accused of punching an Oklahoma City bus driver and causing the bus to crash into a building. Oklahoma City police reported only minor injuries stemming from the Saturday wreck. Authorities …
Dubai Floods Expose Weaknesses to a Rapidly Changing Climate
The heavy rains that flooded Dubai last week halted air traffic, damaged buildings and streets — and left climate experts and common citizens asking whether one of the world’s hottest and driest cities should be better prepared for extreme storms. …
Republicans Weigh Rolling Back Anti-ESG Law They Passed
Lawmakers in Oklahoma are having second thoughts about anti-ESG legislation that limits which Wall Street banks local governments can do business with. A Republican-introduced bill that would narrow the scope of a state law that blacklisted financial firms for their …
Arthur J. Gallagher & Co. Acquires Australia’s Prasidium Credit Insurance
Arthur J. Gallagher & Co., the Rolling Meadows, Illinois-based broker, announced the acquisition of Australia’s Prasidium Credit Insurance. Terms of the transaction were not disclosed. North Sydney-based Prasidium is a specialist trade credit insurance broker serving clients throughout Australia. Mark …
Grindr Sued in UK for Allegedly Sharing Users’ HIV Data With Ad Firms
Grindr Inc. was sued by users for sharing sensitive personal information, including their HIV status, with advertising companies in a London lawsuit. The LGBTQ+ app allegedly shared information to third parties for commercial purposes without the users’ consent, which included …
Sanofi to Pay $100 Million to Settle Zantac Cancer Lawsuits
Sanofi will pay more than $100 million to settle about 4,000 lawsuits accusing the French drugmaker of failing to warn users that its Zantac heartburn medicine could cause cancer, according to people familiar with the deal. The settlement was announced …
Poll: Climate Change Concerns Grow, but Few Believe Biden’s Climate Law Will Help
A poll from the Associated Press-NORC Center for Public Affairs Research shows 45% of U.S. adults say they have become more concerned about climate change over the past year (six-in-10 Democrats and one-quarter of Republicans). However, the poll shows now …
Chubb to Acquire MGA Healthy Paws From Aon
Chubb said it is acquiring managing general agent Healthy Paws from Aon plc. Whitehouse Station, New Jersey-based Chubb has been the exclusive underwriter of Healthy Paws’ pet insurance program for Aon since 2013. Terms of the deal, expected to close …
Investment Funds File New Suits Over Lighthouse Insurance Collapse in 2022
Three investment firms connected to some of the best-known names on Wall Street have upped the ante in a legal dispute over now-insolvent Lighthouse Property Insurance Corp., based in Tampa. Fortinbras Enterprises, the managing partner of which is the well-known …
BNSF Says It Didn’t Know About Asbestos That’s Killed Hundreds in Montana Town
BNSF Railway attorneys told a Montana jury that the railroad should not be held liable for the lung cancer deaths of two former residents of an asbestos-contaminated Montana town, one of the deadliest sites in the federal Superfund pollution program. …
Alliant Insurance Services Acquires Advanced Benefits in Idaho
Alliant Insurance Services, headquartered in Irvine, California, acquired Advanced Benefits, based in Coeur d’Alene, Idaho. Founded in 1993, Advanced Benefits offers employee benefit programs, and HR and compliance services. The entire Advanced Benefits team will join Alliant.
Home Explosion in Maryland Injures 1, Requires 3 Crews to Douse Flames
An explosion razed a home in suburban Baltimore, officials said, sending one person to the hospital for injuries and requiring aid from dozens of firefighters to douse the flames. Baltimore County fire officials said they were called to the scene …
People Moves: MGA Nexus Taps Willett From Barents Re as Head of Development; PoloWorks Appoints CNA Hardy’s Borrel as Chief Risk Officer
This edition of International People Moves details appointments at Nexus Group and PoloWorks. A summary of these new hires follows here. MGA Nexus Taps Willett From Barents Re as Head of Development Nexus Group, the London-based specialty managing general agent, …
J&J, Kenvue Told to Pay $45 Million to Baby Powder User’s Family
Johnson & Johnson and Kenvue Inc. were ordered to pay $45 million to the family of an Illinois woman who blamed the companies’ baby powders for giving her a fatal cancer in what was the first verdict against the J&J …
What Do Countries and Companies Want in Global Plastic Treaty Talks?
Global leaders will gather in Canada’s capital this week to discuss progress in drafting a first-ever global treaty to rein in soaring plastic pollution by the end of the year. The hoped-for treaty, due to be agreed at the end …
Parental Fury After Stem Cell Bank Ruins Thousands of Children’s Samples in Singapore
Thousands of parents in Singapore are furious, with some now pursuing legal action, after a major operator of cord blood banks in Asia irreparably damaged their children’s samples through improper handling. The ongoing case, one of the worst to hit …
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