Insurance
Howden’s Aston Lark Acquires UK Broker Curtis Marine
Aston Lark, a Howden company, announced it has acquired Plymouth, UK-based marine insurance broker, Curtis Marine. Financial details of the deal were not disclosed. Curtis Marine will become part of Howden’s marine practice, trading under the Haven Knox-Johnston name. The …
Read More Removing Fukushima’s Melted Nuclear Fuel Will Be Harder Than Wastewater Release
At a small section of the Fukushima Daiichi nuclear plant’s central control room, the treated water transfer switch is on. A graph on a computer monitor nearby shows a steady decrease of water levels as treated radioactive wastewater is diluted …
Read More El Niño Likely to Develop Between Sept and Nov, Australian Weather Bureau Says
Australia’s weather bureau said on Tuesday that sea surface temperatures in the tropical Pacific were rising and an El Niño weather event, which typically brings hotter, drier weather, would likely develop between September and November. El Niño is associated with …
Read More Federal Judge Set to Decertify Google Play Class Action
A U.S. judge plans to free Google from having to defend against a class action by 21 million consumers who claimed it violated federal antitrust law by overcharging them in its Google Play app store. Monday’s decision by U.S. District …
Read More Hundreds of P&O Cruise Passengers Flown Home After Tanker Crash
Hundreds of passengers on a P&O cruise ship that crashed into an oil tanker during a storm in Spain have been flown home. The flagship Britannia departed the Mediterranean island of Palma de Mallorca on Monday and will return to …
Read More Toyota’s Japan Production at Standstill as System Failure Hits All 14 Assembly Plants
Toyota Motor Corp. on Tuesday said it has suspended operations at all 14 of its assembly plants in Japan due to a production system malfunction, bringing domestic output to a standstill at the world’s biggest-selling automaker. The glitch is preventing …
Read More Drugmaker Mallinckrodt Files for Second Bankruptcy in the US
Drugmaker Mallinckrodt on Monday filed for its second bankruptcy in three years in the United States, with a restructuring plan that would cut $1 billion from what it owes to victims of the opioid crisis. The Ireland-based company initiated Chapter …
Read More Kentucky Supreme Court: Docs Must Bill for Injured Workers Within 45 Days
Medical providers who treat injured workers in Kentucky must bill the employer/insurer within 45 days, even before a workers’ compensation claim has been filed and before an employer’s liability has been established, the Kentucky Supreme Court decided this week. The …
Read More Farmers Insurance Laying Off 11% of Workforce, Citing Industry Challenges
Farmers Insurance announced it will part ways with approximately 2,400 employees – 11% of its workforce across all lines of business. “Decisions like these are never easy, and we are committed to doing our best to support those impacted by …
Read More KCC Estimates Storm Hilary Caused Nearly $600M in Insured Losses
Catastrophe modeler Karen Clark & Co. said privately insured losses in the U.S. from Hurricane Hilary will be near $600 million. Once a Category 4 storm, Hurricane Hilary weakened to a tropical storm before it made landfall near Baja California …
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