Insurance
Seattle Tunnel Subcontractor to Pay $370K to Underpaid Workers
A Seattle tunnel subcontractor will pay more than $370,000 in back wages after underpaying workers on the project. The Washington State Department of Labor & Industries determined that Glacier Northwest Inc. failed to meet prevailing wage requirements, paying workers at …
Read More FedEx Cargo Plane Makes Emergency Landing After Bird Strike and Engine Fire
A FedEx cargo plane made an emergency landing at a busy New Jersey airport on Saturday after a bird strike caused an engine fire that could be seen in the morning sky. The plane landed at Newark Liberty International Airport …
Read More J&J Spars With Foes of $9 Billion Talc Cancer Plan as Trial Ends
Johnson & Johnson told a judge its $9 billion proposal to settle baby powder cancer claims in bankruptcy court is the only viable way to end more than 15 years of litigation, while opponents assailed the company’s efforts to line …
Read More Lawsuit Alleges GM Illegally Sold Arkansans’ Driving Data to Insurance Companies
Arkansas Attorney General Tim Griffin sued General Motors and its subsidiary OnStar this week, alleging the car manufacturer deceived Arkansans by collecting and selling driver information to third parties, who then sold the data to insurance companies. The lawsuit alleges …
Read More Trial Begins in Texas Pipeline Company’s Lawsuit Over Dakota Access Pipeline Protests
An attorney for a Texas pipeline company said Wednesday at trial that he will prove various Greenpeace entities coordinated delays and disruptions of a controversial oil pipeline’s construction in North Dakota, and defamed the company to its lenders. Attorneys for …
Read More Texas Lawmakers Introduce Legislation to Address Wildfire Risks and Ignition Sources
A year after devastating wildfires engulfed the Panhandle, killing three people and burning millions of acres, Texas lawmakers have filed a slate of legislation aimed at mitigating the risks and damage of future blazes. Three Republicans — state Sen. Kevin …
Read More Resilience: Third-Party Risk Involved in 31% of Cyber Claims
More merger-and-acquisition activity and technology consolidation have given cyber hackers plenty of entry points to exploit, making third-party cyber risk a dominant driver of claims for Resilience in 2024. New research from the San Francisco-based cyber solutions company found 31% …
Read More People Moves: Faynberg to Head Chubb’s Healthy Paws; D’Onofrio Promoted to Global CUO of Ryan Specialty Underwriting Managers
Westchester, Chubb’s excess and surplus lines company, said Alex Faynberg was appointed to executive vice president and head of pet insurer Health Paws, effective March 3. In his new role, Faynberg will have executive operating responsibility to expand the company’s …
Read More Edison Says Wildfire Fund May Shield Balance Sheet From LA Fire Claims
California’s $21 billion wildfire fund may shield Edison International’s balance sheet if equipment owned by the company’s electric utility is found to have caused a deadly Los Angeles fire last month, Edison’s CEO said on Thursday. Southern California Edison, one …
Read More Energy Transer Fuel Leak in Pennsylvania Lasted 16 Months, PHMSA Says
A pipeline operated by Energy Transfer LP leaked jet fuel for at least 16 months, contaminating residential water wells in Pennsylvania, and the conduit may be at risk for further incidents, according to a preliminary investigation by regulators. Residents of …
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