INSURANCE NEWS
SolarWinds Beats Most of SEC Lawsuit Over Russia-Linked Cyberattack
A U.S. judge dismissed most of a Securities and Exchange Commission lawsuit accusing software company SolarWinds of defrauding investors by concealing its security weaknesses before and after a Russia-linked cyberattack targeting the U.S. government. U.S. District Judge Paul Engelmayer in …
Insurers Settle With Hotel in Case of Woman Videotaped in the Shower
Four insurance companies, unable to escape a duty to defend a New York hotel where a young woman was secretly videotaped in the shower in 2015, have reached a settlement in the case that made headlines around the world. Citizens …
Intense Heat Expected to Challenge Records in Pacific Northwest Over Weekend
Intense heat that has been baking parts of the interior Western U.S. is expected to expand into the Pacific Northwest in the coming days, raising the risk of heat-related illnesses and new wildfires, according to an AccuWeather media advisory. Forecasts …
Pilot Dies After Small Plane Crashes Into River on Maryland’s Eastern Shore
EASTON, Md. (AP) — The pilot of a small plane died Tuesday morning after an engine failure caused the aircraft to crash into a river on Maryland’s Eastern Shore, authorities said. The twin-engine Cessna 402 crashed into the water near …
People Moves: Liberty Mutual Re Taps Aon’s De La Mare to Lead New Australia/New Zealand Unit; H.W. Kaufman London Names AIG’s Greensmith to Lead Int’l Portfolio
This edition of International People Moves details appointments at Liberty Mutual Re and H.W. Kaufman Group London. A summary of these new hires follows here. Liberty Mutual Re Taps Aon’s De La Mare to Lead Australia/New Zealand Unit LM Re, …
Outbreak Continues to Grow as Bird Flu Found in Oklahoma Dairy Herd
Oklahoma has become the 13th U.S. state to detect bird flu in dairy cows, the U.S. Department of Agriculture confirmed on Monday, though the state said the infection happened months ago. The confirmation shows the outbreak was more widespread than …
Marsh McLennan Reports 8.7% Increase in Q2 Net Income
Insurance broker Marsh McLennan reported second quarter net income of $1.125 billion, an 8.7% increase from $1.035 billion reported during Q2 2023. Operating income rose 13% to $1.6 billion. Q2 earnings per share increased 10% to $2.27, while adjusted earnings …
Repair Crews Face Threats From Some Houstonians Angry Over Beryl Power Outages
Drawn guns. Thrown rocks. Threatening messages. Houston’s prolonged outages following Hurricane Beryl has some fed-up and frustrated residents taking out their anger on repair workers who are trying to restore power across the city. The threats and confrontations have prompted …
Almost a Year After Idalia, Florida Village Ponders its Future on the Gulf
HORSESHOE BEACH, Fla. (AP) — Lisa Bregenzer’s waterfront home was her “little slice of heaven.” She watched sunsets and migrating birds from the porch, the Gulf of Mexico in the distance. There, she felt close to God and her late …
North Carolina Man Charged With Threatening Insurance Agents Over Claim
First, a North Carolina man filed a claim with Farm Bureau Insurance. Then he threatened three insurance agents with violence when he wasn’t paid as much as he expected, according to state authorities and one of the insurance agents. Brody …
Ohio Supreme Court Orders City to Pay $30 Million Police Brutality Judgment
The Ohio city of East Cleveland must pay a $30 million jury verdict awarded to a man who police wrongly assaulted, arrested and detained, the state’s highest court has ordered. The victim, Arnold Black, went to court in February 2023 …
Vineyard Wind Incident Is Not First Time a GE Vernova Wind Turbine Came Apart
An incident at the Vineyard Wind offshore wind energy project this week that scattered shards of fiberglass across Massachusetts beaches was the latest in a series of failures involving wind turbines built by GE Vernova. At least one other GE …