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INSURANCE NEWS
‘Chronic’ Heat Risk in Europe Draws Warning From Swiss Re Unit
As Europe comes to grips with its fifth heat wave this year, the research arm of Swiss Re AG is warning of far-reaching consequences that may not yet be fully understood. Though Europe’s wildfire risk “is still considered moderate, the …
Oman Says Spill From Grounded Shadow Oil Tanker Covers 400 Square Kilometers
Leaking crude oil from a tanker grounded off a nature reserve in Oman has created a slick covering almost 400 square kilometers, the country’s government said on Monday. The Caroline Bezengi is loaded with close to one million barrels of …
E-Scooter Use Surging in Germany Thanks to Private Demand, Rather Than Rental Fleets
Growth in e-scooter use in Germany is powering ahead thanks to private demand rather than the rental fleets that first drove their popularity, as operators like Lime and Bolt grapple with increasingly unfavorable business conditions. Last year, more than 80% …
US FDA Moves to Increase Oversight of Food Additives
The U.S. Food and Drug Administration on Monday took steps to increase oversight of food additives as part of the Trump administration’s “Make America Healthy Again” initiative. President Donald Trump and Health and Human Services Secretary Robert F. Kennedy Jr. …
Appeal Court: Social Media Companies Must Face Thousands of Addiction Lawsuits
A U.S. appeals court on Monday allowed thousands of lawsuits to move forward against Meta Platforms, Alphabet’s Google, ByteDance’s TikTok, and other social media companies over claims they designed their products to be addictive to young users. The San Francisco-based …
Appeals Court Says Lobstermen’s Defamation Suit Raises First Amendment Questions
A federal appeals court signaled that it might not allow a lawsuit brought by fishing industry businesses and trade groups against a California aquarium to proceed because of the case’s potential impact on free speech. The New England-based plaintiffs sued …
Lawsuit Not Allowed for Heat-Stricken Worker Despite Previous Death, NC Court Says
One farm worker died from heat exposure in 2020, resulting in a fine and citation from the U.S. Occupational Safety and Health Administration. Two years later, the employer failed to follow its remedial safety guidelines for heat exposure, failed to …
Tour Boat Operator Charged in Fatal Capsizing in New York Harbor
A man has been charged with negligently causing the death of a five-month-old infant and a 27-year-old woman, after the tour boat he was piloting with them aboard capsized in New York Harbor on August 8. Federal officials allege that …
Illinois Lawsuit Alleges Companies Violated Environmental Laws at Chicago Site
Illinois Attorney General Kwame Raoul filed a lawsuit against Stony Island Reclamation Co., Land and Lakes Co., and J.L.W. Trucking LLC, which operated a facility under the name of Whole Earth Compost, alleging that the companies endangered the environment and …
Judge Approves $106M Settlement Over Hard Rock Hotel Collapse in New Orleans
A judge approved a $106 million settlement Thursday that ends a yearslong legal battle over the deadly 2019 collapse of a Hard Rock Hotel that was under construction in New Orleans. The 18-story hotel project partially collapsed in October 2019, …
Florida-Based Heritage Continues to Shed Policies as Earnings Soar to New Heights
While a number of Florida-domiciled property insurers have begun rebuilding their policy portfolios in the last 12 months, Tampa-based Heritage Insurance has continued to shed policies in recent years. The selective underwriting strategy, along with other changes, appears to have …
Remains of 56 Bodies Found at Chicago Funeral Home, License Suspended
The remains of 56 people were found improperly stored and decomposing Thursday at a Chicago funeral home run by a couple who previously operated a crematory that was similarly shut down because of mishandled remains, authorities said. Illinois state officials, …
