Insurance
Scranton School District Reports Ransomware Attack
The Scranton, Pennsylvania school district has been experiencing computer outages due to a ransomware attack last week. “The attack is causing a temporary disruption to some of our computer systems and services,” the school reported on Facebook last Friday afternoon. …
Read More Trump Has Failed to Get Appeal Bond for $454M Civil Fraud Judgment, Lawyers Say
Donald Trump has so far been unable to obtain a bond that would allow him to appeal a $454 million judgment against the former U.S. president in a New York civil fraud case without posting the full amount himself, his …
Read More Florida Jury: NICO Did Not Act in Bad Faith in Keys Crash that Killed 4 Women from Spain
Six months after a federal appeals court upheld a $12 million verdict against a waste-hauling company in a crash that killed four Spanish women in the Florida keys, a jury has found that the firm’s insurer did not act in …
Read More Bankruptcy Court Approves Camden Diocese’s $87.5M Plan for Abuse Victims
Almost three-and-one-half years after the Catholic Diocese of Camden, New Jersey filed for bankruptcy citing financial effects from the pandemic and sexual abuse settlements, its Chapter 11 reorganization plan has been approved. The final plan, the ninth amended proposal, establishes …
Read More Chubb Launches Global Transactional Risk Platform to Grow International Footprint
Chubb announced the launch of a global transactional risk platform to provide transactional risk liability insurance products across international markets. Chubb has appointed Josh Cowen as senior vice president, International Transactional Risk, to lead this initiative from London. Cowen, a …
Read More Agile Underwriting Gets ‘In-Principle’ Approval to Launch Lloyd’s Syndicate
Agile Underwriting Services has received “in-principle” approval from Lloyd’s to create Agile Syndicate 2427, subject to regulatory approvals. Syndicate 2427 will be established under the “syndicate-in-a-box” (SIAB) framework and be managed by Asta through its third-party managing agency platform at …
Read More People Moves: Canal Insurance Names Brocklebank Chairman of the Board
Seven years after he was named president and CEO of transportation insurer Canal Insurance, Paul Brocklebank has an additional title to his name – chairman of the board of the Greenville, South Carolina, company. The move comes after several years …
Read More Apple, Investors Reach $490 Million Settlement in Fraud Case
Apple Inc. reached a $490 million settlement of a class-action lawsuit brought by a group of investors who accused Chief Executive Officer Tim Cook of misleading them in 2018 about the company’s sales prospects. Cook made false statements about the …
Read More Reckitt Unit Hit With $60 Million Verdict in Enfamil Baby Formula Case
An Illinois jury has ordered Reckitt Benckiser unit Mead Johnson to pay $60 million to the mother of a premature baby who died of an intestinal disease after being fed the company’s Enfamil baby formula. The jury in an Illinois …
Read More Meta Loses Second Bid to Thwart FTC’s Change to Privacy Pact
Meta Platforms Inc. lost its second court ruling this week seeking to stop the Federal Trade Commission’s reopening a 2020 privacy settlement over allegations that the company breached the terms. In a ruling Thursday, US District Judge Randolph Moss in …
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