Bayer Fights for Survival as Roundup Lawsuits Burn Cash
Bayer AG Chief Executive Officer Bill Anderson said the wave of lawsuits over its Roundup weedkiller is an “existential” threat to the company and farmers, ratcheting up the stakes as it considers a controversial legal maneuver. “The glyphosate litigation topic …
Tesla Settles Fatal Crash Suit as Another Jury Trial Loomed
Tesla Inc. has reached a deal to resolve a lawsuit over the death of a Model S passenger in a fiery 2016 crash, marking the second time in two months the electric-vehicle maker has avoided a jury trial in California …
Four More Charged in Staged Auto Accident Scheme in Miami
Florida authorities have nailed another alleged accident-staging group, one that collected more than $50,000 in personal injury protection benefits from auto insurance companies. Bryan Carlos Hernandez, Rusland Rivero Tellez, Juan Fonseca Lauzao and Elvis Fonseca Lauzao staged a crash in …
People Moves: The Liberty Company Names Pope VP, Executive Lines in California
The Liberty Company Insurance Brokers named Katie Pope vice president, executive lines. Pope is based in Los Angeles. Pope began her insurance career at Lockton, where she was most recently an account executive. She was previously a consulting marketing director …
Idaho Drag Performer Awarded $1.1M in Defamation Case
A jury has awarded more than $1.1 million to an Idaho drag performer who accused a far-right blogger of defaming him when she falsely claimed that he exposed himself to a crowd, including children, during a Pride event in June …
First Amendment Does Not Protect Social Media Retaliation Against Employees
A federal court in Vermont recently ruled that the First Amendment does not protect a construction firm and its officials using social media to retaliate against employees who exercise their rights under federal labor law. The decision by the U.S. …
Texas Panhandle Prepares for State’s Next Big Wildfire
LUBBOCK — Spring rains have revived much of the green grass covering stretches of plains in the Texas Panhandle — the same land that, just three months ago, was black from fire and ash after wildfires burned more than 1 …
Report Claims ‘Utter Chaos’ Including Drunk Deputies During Search for Maine Gunman
The search for the gunman behind last October’s mass shooting in Maine was marked by “utter chaos,” including one group of deputies who had been drinking nearly crashing their armored vehicle and others showing up in civilian clothes who could …
Roofing Contractor to Contest OSHA Citations After Employee’s Fatal Fall
The Occupational Safety and Health Administration (OSHA) has determined that a Massachusetts roofing contractor again violated federal regulations for fall protections, following an investigation into how an employee fell about 27 feet and was killed. The accident occurred as workers …
Caterpillar to Pay $800K Over Systemic Hiring Discrimination at Illinois Plant
Heavy equipment company Caterpillar has agreed to pay $800,000 to resolve allegations of systemic hiring discrimination against Black applicants at an Illinois plant, the U.S. Labor Department said on Tuesday. The money will cover back wages and interest to affected …
Insurers Are Working to Shore Up the $2 Billion Carbon Offset Market
Data fraud, questionable accounting practices and intensified catastrophes are just some of the issues that have battered the voluntary carbon market. Those misfortunes have helped spur a new line of business: Insurance policies designed to de-risk credits that polluters buy …
California Advances Legislation Cracking Down on Auto Theft, Stolen Goods Resellers
The California Senate approved a bipartisan package of 15 bills this that would increase penalties for organized crime rings, expand drug court programs and close a legal loophole to make it easier to prosecute auto thefts. One proposal would require …
Contamination Fears Stoked by Water Leak at German Nuclear Site
Water is leaking into an underground nuclear waste facility in Germany creating fears about toxic contamination of groundwater and highlighting the legacy that the shuttered nuclear industry has left behind. The operator of the storage site says that salt water …
People Moves: BHSI Promotes Riley to Lead Casualty Biz in Canada as DeSouza Retires; Broker Insights Names Scott CEO, Succeeding Edmond Who Becomes President
This edition of International People Moves details appointments at Berkshire Hathaway Specialty Insurance (BHSI) and the software developer Broker Insights. BHSI Names Riley to Lead Casualty Business in Canada as DeSouza Retires Berkshire Hathaway Specialty Insurance (BHSI) announced the promotion …
A.M. Best: Rapid Premium Growth Warrants Greater MGA Oversight
Though A.M. Best remains bullish on the delegated underwriting authority enterprises (DUAEs) market, it remains cautious of the risk managing general agents (MGAs) bring to insurers. In its latest market segment report, the rating agency said “MGAs provide a cost-effective …
Remote Work, Aging Tech Targeted by Canada Cybersecurity Plan
Canada released its first-ever cybersecurity strategy for federal government departments and agencies on Wednesday, with the aim of addressing challenges posed by remote work, cloud computing, aging infrastructure and recruitment. The strategy, announced by Treasury Board President Anita Anand, concluded …
Airbus Tests Electric Truck With Airliner Cockpit to Study Safer Taxiing
Airbus is showing off an unusual vehicle – a truck fitted with basic A350 airliner controls – that it hopes can demonstrate how automated taxiing will make airports safer as concern grows over a spate of jetliners colliding on the …
Singapore’s Income Insurance Weighs Partnerships or Stake Sale for APAC Expansion
Singapore’s Income Insurance Ltd. is exploring options as it looks to expand across the Asia Pacific region, including possibly tying up with a partner or selling a stake, according to people familiar with the matter. While Income Insurance has received …
Bayer Plans Renewed Push for Legal Shield Against Cancer-Related Lawsuits
After failing in several U.S. states this year, global chemical manufacturer Bayer said Tuesday that it plans to amplify efforts to create a legal shield against a proliferation of lawsuits alleging it failed to warn that its popular weedkiller could …
Allianz Is Lead Insurer for Singapore Airlines Incident: Sources
Allianz is the lead insurer for the Singapore Airlines aircraft which left one person dead and scores injured after it hit severe turbulence and had to be diverted to Bangkok this week, two sources said on Thursday. The sources familiar …