Insurance

Repsol SA is being sued for $1 billion by an English law firm representing around 35,000 alleged victims for its involvement in Peru’s largest oil spill in 2022. Tom Goodhead, chief executive officer of Pogust Goodhead, said the lawsuit was …

SOUTH BEND, Ind. (AP) — A judge last week dismissed a University of Notre Dame’s professor’s defamation lawsuit against a student-run publication over news coverage of her abortion-rights advocacy. St. Joseph County Superior Court Senior Judge Steven David found that …

Houthi militants hit a US-owned commercial vessel with an anti-ship ballistic missile on Monday, underscoring warnings that the world’s most important trade artery remains too risky for navigation. The Gibraltar Eagle, sailing under the flag of the Marshall Islands, was …

Federal lawmakers introduced a bill to create a federal natural catastrophe backstop recently, reacting to insurers’ issues with growing private reinsurance costs. But a trade group for carriers suggested that a federal remedy could create more problems. “Federal solutions to …

U.S. lawmakers have urged the Securities and Exchange Commission (SEC) to review its cyber security preparedness after the financial regulator’s X account posted market material information earlier in the week due to a hack. Someone briefly accessed its X, formerly …

Alabama authorities last week charged a city councilman with insurance fraud, alleging that he falsely claimed he had purchased a BMW vehicle. Derrick Griffin, a councilman in Prichard, next to Mobile, was indicted by a grand jury in December. He …

Stakeholders have continued to react to a recent Florida Office of Insurance Regulation report on the property insurance market, a report that underscored the impact that excessive claims litigation had on insurers but which also noted that some key data …

A record high tide in Maine washed away three historic fishing shacks that had stood since the 1800s and formed the backdrop of countless photographs. Michelle Erskine said she was visiting fisherman’s point at Willard Beach in South Portland on …

Tyler Banks joined Alliant Insurance Services as executive vice president, Alliant Private Client. Banks previously served as North America practice leader, president and CEO, personal lines at WTW. Alliant is based in Irvine, Calif.,

Connecticut is receiving emergency federal aid following severe flooding this month that caused dam breaches and road closures. President Joe Biden on Saturday approved an emergency declaration for the state that authorizes the Department of Homeland Security, the Federal Emergency …