Insurance
East Palestine Residents Should Receive Payments During Class Action Appeal
People who lived near the disastrous East Palestine derailment last year should still be able to receive personal injury payments even while the bulk of their $600 million class action settlement with Norfolk Southern railroad remains on hold during an …
Read More Fitch Expects Insurance Industry Losses of Up to $50B From Milton
Fitch Ratings expects Hurricane Milton to cause between $30 billion and $50 billion in insured losses to push total industry losses in 2024 above $100 billion for the fifth straight year. The range of losses expected by rating agency Fitch …
Read More MIC Global Applies to Become Lloyd’s Coverholder of Greenlight Re’s Syndicate 3456
MIC Global (MIC), the full-stack embedded micro insurance provider, announced it has applied to become a Lloyd’s coverholder of Greenlight Re’s Syndicate 3456, subject to applicable approvals. This strategic move marks a strengthening of the partnership between MIC and Greenlight …
Read More Milton’s Surprise Was the Damage Unleashed by Powerful Winds
Storm Weakened But Still Brought 120-mph Winds to St. Petersburg Area Hurricane Milton’s devastating path across Florida has left at least 10 dead, millions without power, and destroyed homes and crops, as authorities warn it could take days to assess …
Read More New York Mets Hit With Class Action Alleging Biometric Privacy Violations
The company that owns the New York Mets professional baseball team is the target of a class action lawsuit alleging the organization collects and profits from fans’ biometric information at its stadium, CitiField, in violation of the city’s biometrics privacy …
Read More Bayer Must Pay $78 Million in Latest Roundup Cancer Trial, Jury Finds
Bayer must pay $78 million to a Pennsylvania man who said he got cancer from using the company’s Roundup weedkiller, a state court jury in Philadelphia found on Thursday. The verdict follows previous consecutive victories for Bayer in that court. …
Read More Pilot Dies in Crash of Replica WWI-Era Plane During Upstate New York Airshow
A replica of a World War I-era fighter plane caught fire and crashed during an airshow in upstate New York, killing the pilot, according to police. Brian Coughlin, 60, died Saturday after the Fokker D.VIII replica went down during an …
Read More Economic Challenges, Cyber, and People Risks Top UK Businesses’ Concerns: Marsh
Economic and financial challenges (43%), cyber threats (39%) and people-related risks (38%) are the top three concerns facing UK businesses over the next 12 months, according to new research by Marsh McLennan. The findings come from Marsh’s UK Business Risk …
Read More Coal Expansion Helps Lure Insurers Back to Australia Producer Whitehaven
Whitehaven Coal Ltd., one of Australia’s largest coal producers, shelved a planned special purpose vehicle originally intended to provide in-house insurance after finding external insurers willing to take on the risk. The development follows Sydney-based Whitehaven’s $3.2 billion purchase of …
Read More Fecal Contamination in Perrier Well Adds to $300 Billion Sector’s Hurdles
In the arid highlands near the town of Vergèze in southern France, the sun beats down on a small stone house as the buzz of cicadas fills the air. Until a few months ago, beneath this tile-roofed structure, a pump …
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