Insurance
Banks, Insurers May Escape EU’s Toughest ESG Regulation So Far
Banks, asset managers and other financial firms have won a reprieve from Europe’s most consequential ESG regulation to date, as a wave of intense industry lobbying pays off. Spain, which holds the European Union’s rotating presidency, has proposed that financial …
Read More Piercing Through Rain, Smoke and Fog: How Radar Satellites See Catastrophes
Executive Summary: The potential for satellite technology to revolutionize claims management has long been recognized but has only recently been realized with technological advancements. Satellite-based data can give the insurer a “head start” on the event, according to Stephen Lathrope …
Read More Federal Court Splits North Carolina Hurricane Insurance Claims
A North Carolina investment firm and its property insurer have each won partial victories in a dispute over hurricane insurance claims that has been in court since 2019. A federal district court judge for Eastern North Carolina dismissed the insured’s …
Read More Dash Cams in Fleet Vehicles are Key to Avoiding Nuclear Verdicts, Risk Managers Say
ORLANDO, Fla. — Cameras. One showing the driver and another facing forward. Those can be the keys to avoiding nuclear verdicts after auto and truck crashes, especially for companies with fleets of vehicles and relatively inexperienced drivers, two Crum & …
Read More California Funeral Home Stored Bodies for 4 Years, Deceived Families, Prosecutors Say
The owners of a Colorado funeral home were arrested Wednesday in Oklahoma on charges linked to the discovery of 190 sets of decaying remains at one of their facilities, including some that apparently had been languishing there for four years. …
Read More Washington Commissioner Issues $607K on Fines for Violations
Washington Insurance Commissioner Mike Kreidler issued fines in October totaling $607,613.35 against insurance companies and insurance producers that reportedly violated state insurance laws and regulations. Following are the alleged violators and a breakdown of their reported fines: Insurance companies AIG …
Read More Fraternity and Bar Sued Over 2021 Death of University of New Hampshire Student
liquor liabilityThe mother of a University of New Hampshire student who died in an icy swamp two years ago filed a wrongful death lawsuit Thursday against the Durham bar and fraternity her son visited that night. Vincenzo Lirosi, 22, was …
Read More Specialty Program Group Acquires Illinois’ Insurance Allies
Specialty Program Group LLC (SPG), an operator of specialty insurance brokerages and underwriting facilities, announced that it has acquired the assets of Insurance Allies LLC (Insurance Allies), an industry leader in the axe throwing and sports and entertainment industry operating …
Read More Kansas Judicial Branch Slowly Restoring Court Information Amid Ongoing Ransomware Investigation
TOPEKA, Kan. (AP) – Nearly a month after a “security incident” with all the hallmarks of a ransomware attack, Kansas judicial officials are slowly renewing public access to court information. But for now, that access requires a trip to the …
Read More At SpaceX, Worker Injuries Soar in Elon Musk’s Rush to Mars
One windy night at Elon Musk’s SpaceX facility in McGregor, Texas, Lonnie LeBlanc and his co-workers realized they had a problem. They needed to transport foam insulation to the rocket company’s main hangar but had no straps to secure the …
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