Insurance
Autobrake Performance Dips After Sundown
A nighttime test of pedestrian automatic emergency braking (AEB) systems to address the high percentage of pedestrian crashes that occur on dark roads has been introduced by the Insurance Institute for Highway Safety (IIHS). Four of the first 23 midsize …
Read More Britain’s Haleon Rejects Potential Zantac Liabilities in U.S.
Haleon believes it is not liable for any claims that may arise from U.S. litigation over the heartburn drug Zantac, the London-listed company’s CEO Brian McNamara told Reuters on Tuesday. More than 2,000 legal cases related to Zantac have been …
Read More Lockton Re Launches SAGE 2.0 to Boost Reinsurance Analytics
Lockton Re, the global reinsurance business of the world’s largest privately held independent insurance broker, launches Lockton Re SAGE 2.0, its next level of analytics features and tools as part of Lockton Re’s proprietary software platform. “Lockton Re’s SAGE is …
Read More Miller Launches Delegated Authority Team in Canada, Hires 5 From Tysers
Miller, the leading independent specialist re/insurance broker, announced the expansion of its Delegated Authority team with the appointment of five new hires to form a dedicated Canadian unit. The new team will be formed by Steve Maslen, Matt Dear, Mike …
Read More ECB to Limit Purchases of Longer-Term Debt Issued by Climate Laggards
The European Central Bank will limit purchases of longer-term debt issued by companies that rank poorly under a new scoring system created to screen out polluters and tackle climate change. The maturity limit will cut the “longer-term exposure of the …
Read More McDonald’s Ordered to Face Byron Allen’s $10B Discrimination Lawsuit
McDonald’s Corp. has been ordered by a U.S. judge to defend against media entrepreneur Byron Allen’s $10 billion lawsuit accusing the fast-food chain of “racial stereotyping” by not advertising with Black-owned media. In a decision on Friday, U.S. District Judge …
Read More If it Looks Like an AOB, it is One, Florida Appeals Court Decides in Kidwell Case
A Florida insurance company has landed another blow against one of the industry’s most active opponents, after an appeals court upheld the dismissal of a breach-of-contract lawsuit brought by an assigned contractor. In an opinion published Sept. 16, Florida’s 2nd …
Read More District of Columbia Drops Added Insurance Requirement for Outdoor Dining
The Bowser Administration is withdrawing a proposal to boost the insurance requirement for sidewalk cafes, parklets, streateries and other dining and drinking businesses applying for public use permits. According to Councilmember-at-Large Robert C. White, Jr., the city’s Office of Risk …
Read More Port Operator Faces $21M in Damages Over Buyout Dispute
The company that privatized operations at the port of Wilmington, Delaware several years ago owes more than $21 million in damages for breaching an agreement to buy the port’s former stevedoring firm, a Delaware judge ruled Monday. Vice Chancellor Lori …
Read More Burns & Wilcox Brand Ambassador Max Homa Earns 5th PGA Tour Victory
Burns & Wilcox brand ambassador Max Homa opened the 2022-23 PGA Tour season with a victory at the Fortinet Championship in Napa, California on Sunday, his fifth career PGA victory. Homa is one of three PGA Tour players currently sponsored …
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