Pennsylvania Says U.S. Deal With Norfolk Southern Falls Short
Pennsylvania officials contend that a $310 million federal government settlement reached with Norfolk Southern Railway Co. over the 2023 train derailment in East Palestine, Ohio does not adequately meet the needs of Pennsylvanians affected by the tragedy. In a letter …
People Moves: QBE Promotes Desch as German General Mgr; Trium Syndicate Taps TMK’s Metsanvirta as Active U/W; Markel Announces Key Hires for Singapore, HK
This edition of International People Moves details appointments at QBE Europe, Trium Syndicate, and Markel in Singapore and Hong Kong. A summary of these new hires follows here. QBE Promotes Desch as German General Manager QBE has named Fabian Desch …
Transit Driver Disabled Due to Overheated Cab Can Keep His $11.6 Million Award
A New Jersey Transit driver who suffered career-ending injuries from overheating after he was ordered to operate a train even though his cab’s temperature was 114 degrees can keep his $11.6 million jury award. Over objections by New Jersey Transit …
How Iran Oil Link Could Complicate Insurance Claims After Tankers Collide Off Singapore
A collision between two tankers off Singapore in July raises questions over insurance claims, as one of the vessels previously shipped Iranian oil, potentially complicating payments due to Western sanctions, ship-trackers and industry sources say. WHAT HAPPENED? The Singapore-flagged Hafnia …
China Asks Large State Financial Institutions to Drop Auditor PwC, Sources Say
Chinese regulators have in recent months asked several large state-owned clients of PricewaterhouseCoopers (PwC) to drop the auditor as it braces for penalties over its work for troubled property developer Evergrande, said two sources. The regulators, mainly the Ministry of …
Experts Say More Collaboration Needed for Critical Infrastructure Cyber Risk
Insurers continue to grapple with elusive and ever changing cyber risks in the critical infrastructure sector, and Matthew McCabe, managing director for Guy Carpenter’s Cyber Center of Excellence, said he sees a three-party system emerging between insurers, policyholders, and the …
NHTSA: 51 Million Air Bag Inflators Pose Safety Risks Despite Automaker Objections
A U.S. regulator said on Wednesday it still believes that air bag inflators in 49 million U.S. vehicles assembled by 13 automakers pose serious safety risks and it is considering issuing a recall. The issue has been linked to one …
TikTok Sued by US for Allegedly Breaking Kids’ Privacy Law
TikTok was sued by the US for allegedly collecting data on children in violation of an online privacy act, three months after the popular video app sued the government over a law that could ban it across the country. In …
Insurer’s Lack of Repairs Caused Woman’s Death After Ian, Florida Lawsuit Says
Just as another hurricane hit Florida, the child of a central Florida woman is litigating a claim from a previous storm – Hurricane Ian in 2022. This time, though, the plaintiff claims not only breach of contract by a Florida …
Legislation Will Provide $100M in Aid to Victims of Wildfires and Flooding in New Mexico
New Mexico Gov. Michelle Lujan Grisham has signed legislation that will provide $100 million in emergency aid to victims of recent wildfires and flooding in Lincoln County. The spending bill includes $70 million for local governments to use as zero-interest …
Medical Worker Wants Home Insurance to Cover Her Against Patients’ Data Claims
A Connecticut clinical social worker believes her homeowners insurer should defend and indemnify her against claims she violated patients’ privacy by accessing and sharing their private medical information. She says the lawsuit against her triggers her homeowners coverage because the …
Vermont Suffered Millions in Damage From Last Week’s Flooding; Will Seek Federal Aid
The toll of damage from recent flooding in Vermont exceeds $6 million, and the state is asking the federal government for help, officials said. Vermont residents dealt with heavy flooding that damaged homes and infrastructure earlier this week and came …
Hawaiian Electric Settles Fire Claims as Part of $4 Billion Deal
The parties involved in Lahaina wildfire lawsuits against the state of Hawaii, Maui County and utilities are close to a global settlement of claims that will be worth a little over $4 billion, Gov. Josh Green told The Associated Press. …
Texas Assisted Living Facility Sued for Firing Worker With Sleep Disorder
VibraLife of Katy, LLC, a rehabilitation and assisted living facility in Katy, Texas, violated federal law when it denied an employee an accommodation for her sleep disorder and then fired her, the U.S. Equal Employment Opportunity Commission (EEOC) charged in …
Exxon Delays Golden Pass LNG to Late 2025 on Contractor Dispute
Exxon Mobil Corp. and QatarEnergy delayed the start of a $10 billion natural gas export project in Texas to the end of next year after lead contractor Zachry Holdings Inc. declared bankruptcy. The companies agreed other contractors could finish work …
Boar’s Head Hit With Consumer Lawsuit After Deli Meat Recall Over Listeria Concerns
Boar’s Head Provisions was hit with a proposed consumer class action lawsuit in New York federal court on Thursday, a day after it expanded its recall to more than seven million pounds of deli meats and other products over concerns …
Ambac Completes Buy of Majority Stake in London’s Beat Capital Partners
Ambac Financial Group said it has completed the acquisition of a 60% controlling stake in London-based Beat Capital Partners for about $282 million, up to $40 million of which will be paid in shares of Ambac common stock. The deal …
Miami’s ‘Impossible’ Traffic Mess Shows Strains of Booming South
Former reality TV star Fredrik Eklund zips up and down Miami in a lilac Rolls-Royce with a turquoise interior, hunting for multi-million-dollar homes for the rich and powerful. That is, when he’s not stuck in the gridlock. Eklund, 47, is …
Tropical System Could Bring Heavy Rains, Flooding to Parts of Florida
The National Hurricane Center is keeping an eye on a tropical wave that could strengthen over the weekend, bringing heavy rain to parts of Florida. Gov. Ron DeSantis declared a state of emergency for 50 Florida counties ahead of the …
California Wildfire Now State’s Fourth Largest on Record, Containment Increased
Firefighters have increased containment on the Park Fire near Chico, California, which at 621-square-miles as of Friday is now the fourth largest wildfire in history. The fire, which covers parts of four counties—Butte, Plumas, Shasta and Tehama—has a massive amount …
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