Jury Awards $176M for Wrongful Deaths of Brothers Hit by California Socialite’s Car
A Los Angeles jury has awarded $176 million to the parents of two young brothers killed in a hit-and-run collision when a California socialite’s car struck them in a crosswalk nearly six years ago. The jury found both Rebecca Grossman …
Mastercard, American Eagle Boost Pride Month Spending Despite Backlash
US companies are spending more on LGBTQ causes and Pride Month events this June, a notable turnaround after years of retreat and anti-DEI backlash. Mastercard Inc. is increasing spending, including paying for about 100 employees and executives to march in …
Court Rejects NRA Ex-Leader LaPierre’s Appeal of NY’s $4.3M Judgment
A New York state appellate court has rejected Wayne LaPierre’s appeal of the monetary judgment and injunction levied against him after a state jury in 2024 found that he violated his fiduciary duties in his role as an officer of …
UK’s Legal & General Says Energy Transition Is ‘Alive and Well’
Investors are underestimating the pace of the energy transition, putting both financial returns and climate goals at risk, according to Legal & General Group Plc. In a report published Monday, the UK insurer and asset manager warned against what it …
People Moves: Maine Insurance Superintendent Carey Retires
Superintendent Robert Carey retired from the Maine Bureau of Insurance (BOI) on June 5, the Department of Professional and Financial Regulation announced. Deputy Superintendent Tim Schott has been named acting superintendent. Nominated by Governor Janet Mills as superintendent in 2024, …
Trump Approves $700 Million in Bid to Revive Coal Industry
President Donald Trump said he would marshal hundreds of millions of US taxpayer dollars behind his bid to revitalize the coal industry in America, steering funds to build new power plants, sustain existing operations and construct an export terminal in …
Houthis to Impose ‘Complete Ban’ on Israeli Ships in Red Sea
The Houthis, an Iran-backed militant group that controls much of Yemen, declared a ban on Israeli ships in the Red Sea, threatening a key bypass route to the Strait of Hormuz. “We declare a complete and total ban on Israeli …
Iran Announces End to Attacks on Israel Following Trump’s Plea
Iran signaled an end to its current military operations against Israel just after US President Donald Trump said the two sides were looking to agree to an immediate ceasefire following a series of tit-for-tat strikes that threatened to derail talks …
Merck to Settle Bulk of Gardasil Suits for About $50 Million
Merck & Co. says it will settle a spate of lawsuits that blame the drugmaker’s blockbuster Gardasil cancer vaccine for causing autoimmune ailments that affect young women’s hearts and reproductive systems for an amount that is “not material” to the …
Hedge Funds Are Expanding Desks Designed to Profit From Natural-Catastrophe Risk
When Mitesh Parikh, a headhunter at UK recruiter Selby Jennings, started looking for an ILS modeler for a large US hedge fund this year, the pool of qualified candidates was disconcertingly small. “It was a tough search,” says Parikh, who …
Paramount to Face Legal Challenge From States on Warner Deal
The top lawyers for several states are drafting a legal challenge to Paramount Skydance Corp.’s $110 billion deal to buy Warner Bros. Discovery Inc., laying the groundwork for an antitrust suit over the Hollywood mega-deal. After investigating for months whether …
Atlanta-Area Insurance Agent Charged With Taking Premiums, Giving Fake COIs
A longtime Atlanta-area insurance agent has been indicted and arrested after allegedly keeping premium payments and issuing fake certificates of insurance. Charles Curtis Poteet IV, of Duluth, Georgia, was indicted in late May by a Gwinnett County grand jury, and …
California Mortgage Servicer Settles for $4.6M Over Pandemic Foreclosure Violations
A California mortgage servicer is paying $4.6 million to settle allegations it violated mortgage servicing and debt collection laws during the pandemic. The settlement between Select Portfolio Servicing, a large sub-prime mortgage servicer, and California Attorney General Rob Bonta, includes …
Karen Read Sues Police Agencies That Investigated Her Boyfriend’s Death
Karen Read has filed a lawsuit against the Massachusetts State Police and the town of Canton, alleging misconduct and negligence in the investigation that led to her prosecution in the death of her Boston police officer boyfriend. The lawsuit filed …
Texas Children’s Hospital to Pay $10M as Part of Detransition Settlement
Texas Children’s Hospital in Houston has to create a detransition clinic for transgender patients later this year and keep a list of “potential” gender affirming care patients, according to new details released Monday by the Texas Attorney General’s Office. According …
Tech Update: WTW Launches Transformation Solution to Focus AI Implementation
Insurance broker WTW announced the launch of its AI Workforce Transformation solution which helps companies focus AI where it is expected to deliver productivity and growth gains through redesigned work, jobs and strong employee adoption. Addressing the imperative facing CEOs …
Ohio State Approves $100M Settlement to Former Athletes in Sexual Abuse Case
Ohio State University agreed Wednesday to pay approximately $100 million to settle legal claims from hundreds of former student athletes who said they were sexually abused decades ago by a doctor at the university. The school has fought lawsuits in …
Iowa’s Water Pollution Threatens Recreational Activities and Public Health
Hannah Ray J Childs propelled her kayak into a rapid on Iowa’s Maquoketa River on a recent afternoon and dipped her paddle in the water to swing the front of her boat into the air. She loves to spend her …
People Moves: Aon Promotes Navas as Chief Claims Officer for EMEA; Canopius Taps Hiscox’s Parry as Group Chief Claims Officer
This edition of International People Moves details claims appointments at Aon and Canopius. A summary of these new hires follows here. Aon Promotes Navas as Chief Claims Officer for EMEA Insurance broker Aon plc has appointed José María Navas as …
Artist Suing FIFA Over Destruction of Dallas Whale Mural
The artist who painted a giant mural on a building in downtown Dallas of life-sized swimming whales has filed a $25 million lawsuit against soccer’s international governing body and others, saying they illegally painted over his work to promote the …
Comunicados de prensa más recientes
Gran Caimán, Islas Caimán, 14 de junio de 2024. El 5 de junio de
Gran Caimán, Islas Caimán, 20 de octubre de 2023. El CCRIF SPC realizó dos pagos por un total de US$3,4 millones a los Gobiernos de Antigua y Barbuda y las Islas Vírgenes Británicas tras la tormenta tropical Philippe. Philippe tocó tierra en Antigua y Barbuda el 2 de octubre y pasó cerca de las Islas Vírgenes Británicas el 4 de octubre, provocando fuertes lluvias e inundaciones en ambos países. El CCRIF realizó pagos en las pólizas de seguro paramétrico para exceso de lluvia, como sigue:
19 de septiembre de 2023. Gran Caimán, Islas Caimán.
14 de septiembre de 2023. Gran Caimán, Islas Caimán. El CCRIF SPC se enorgullece en dar la bienvenida a Honduras como su cuarto miembro de Centroamérica. El Gobierno ha adquirido cobertura de seguro paramétrico para exceso de lluvia, efectiva a partir del 1 de junio de 2023. El director ejecutivo del CCRIF, el Sr.
Gran Caimán, Islas Caimán, 3 de julio de 2023. La Unión Europea (UE) sigue brindando apoyo al CCRIF SPC como medio para subsidiar las primas de las pólizas de seguro paramétrico de sus miembros del Caribe. Este año de póliza, que comenzó el 1o de junio 2023, la UE proporcionó US$4,7 millones al CCRIF para apoyar a los 12 miembros caribeños del CCRIF que son elegibles para ODA1 para subsidiar las primas para ciclones tropicales y exceso de lluvia.