Insurance
Maine’s Ending Limits on Child Sex Abuse Suits Is Unconstitutional, Church Tells Court
A lawyer for the Roman Catholic Diocese of Portland told supreme court justices Thursday that Maine’s elimination of time limits on child sex abuse lawsuits is unconstitutional and imposes new liabilities, a reference to costly lawsuits that have driven some …
Read More Violations Against Washington Roofer Bring Fines to over $3.5M
A Snohomish, Washington roofing company fades more than $400,000 in fines for reportedly disregarding safety rules it has violated 60 times over the past four years. The Washington State Department of Labor & Industries opened an inspection of Allways Roofing …
Read More California Commercial Fishing Groups Sue Tire Makers Over Rubber Preservative
The 13 largest U.S. tire manufacturers are facing a lawsuit from a pair of California commercial fishing organizations that could force the companies to stop using a chemical added to almost every tire because it kills migrating salmon. Also found …
Read More Jury Awards $1.2 Million to De Niro’s Former Assistant in Gender Discrimination Lawsuit
A jury said Robert De Niro’s company should pay more than $1.2 million to his former personal assistant after finding his production company engaged in gender discrimination and retaliation. While the jury found De Niro was not personally liable for …
Read More Markets/Coverages: Florida Citizens Taps Verisk Aerial Imagery for Underwriting
Verisk, a global data analytics and technology provider, announced that Citizens Property Insurance Corp., the residual, not-for-profit insurer in Florida, will adopt Verisk’s aerial imagery analytics solution. The move is designed to help provide Citizens a more comprehensive view of …
Read More Liberty Mutual Records $219M Q3 Net Income
Liberty Mutual Holding Co. on Thursday reported third quarter net income of $219 million, reversing a loss of $353 million a year ago during the same time. “Solid underwriting results in our Global Risk Solutions business and the tailwind from …
Read More Risk Strategies Acquires New York’s Prince Associates
National specialty broker Risk Strategies has added a Long Island commercial lines agency to its roster. Boston-based Risk Strategies announced its acquisition of Prince Associates, Inc., a multi-line retail independent insurance agency founded in 1964 and based in Hicksville, New …
Read More Russian Missile Strike on Merchant Ship Threatens Ukraine’s Exports
A Russian missile strike on a commercial ship at a major Ukrainian Black Sea port is adding to risks for commodity exports just as farmers in the war-battered nation are in the midst of this year’s harvest. A 750-feet iron …
Read More Court Revives Retaliation Claim by Syracuse University Student Who Reported Sexual Assault
Syracuse University must face a claim by a female student who alleges her coaches retaliated against her after she filed a sexual assault complaint against a male athlete. A federal district court in September 2022 dismissed Jane Doe’s deliberate indifference, …
Read More Florida’s HCI Group Rebounds: Q3 Profit, Fewer Policies, Lower Litigation Costs
Tampa-based HCI Group, the holding company for Homeowners Choice and TypTap property insurance companies, reported a $15.7 million net income in the third quarter, a strong improvement over Q3 last year, when the group saw a $52 million net loss. …
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