INSURANCE NEWS
Most Americans Want Legal Reforms Against Practices Like Litigation Funding: Survey
A majority of Americans are unaware of third-party litigation funding but most believe state and federal laws should be changed to address abuses in the legal system. According to the results of a recent survey of 2,000 people conducted by …
People Moves: LAUNCH Names Seger CTO; Kraus-Anderson Insurance Adds Business Development Positions
LAUNCH Names Seger CTO LAUNCH, headquartered in Omaha, named JT Seger as chief technology officer. Seger’s experience includes being a co-founder at Sequel and a principal software engineer at Maptician and iN2L+LifeLoop. Kraus-Anderson Insurance Adds Business Development Positions Kraus-Anderson Insurance …
Resilience in California Launches Technology E&O Coverage
San Francisco, California-based Resilience launched a Technology Errors & Omissions coverage for U.S. organizations with $300 million to $10 billion in revenue. With $10M in limits available for both primary and excess placements, the E&O addition to Resilience’s existing cyber …
Biden Approves Federal Disaster Aid for Vermont for December Flooding, Severe Storm
President Joe Biden has approved a federal disaster declaration sought by Gov. Phil Scott to help communities in seven Vermont counties that saw severe rainfall and flooding in December. Federal funding is available on a cost-sharing basis to state and …
Miami Trial of J&J Talc Powder Cancer Claims Ends in Hung Jury
The latest trial over claims that Johnson & Johnson’s talc products cause cancer ended in a mistrial on Tuesday, as a Florida state court jury said it could not agree on a verdict. The lawsuit was brought by Bob Sugarman, …
Connecticut Property Owners Sue Kimberly-Clark Over Alleged PFAS Contamination
Some of manufacturer Kimberly-Clark Corp. neighbors in New Milford, Connecticut believe the paper goods manufacturer has contaminated their soil and drinking water with PFAS chemicals. Three of them have filed a proposed class action claiming that contamination from the manufacturer’s …
OpenAI Fires Back at Musk Allegations With Trove of Emails
OpenAI fired back at a lawsuit filed against it by Elon Musk in a blog post Tuesday, using the billionaire’s own emails to show he backed the company’s plans to become a for-profit business and that he insisted it raise …
Cleanup and Track Repair Underway After Train Collision and Derailment in Pennsylvania
Norfolk Southern crews and contractors are working on cleanup and track repair after a collision and derailment in eastern Pennsylvania over the weekend involving three trains that left some railroad cars scattered along a riverbank and at least one partially …
Markets/Coverages: Mosaic Offers $25M in Liability Protection for Asset Managers
Mosaic Insurance, the Bermuda-based specialty insurer, has launched a suite of specialized financial institutions products, offering $25 million in investment management insurance (IMI), blended with cyber and other coverage for asset managers, funds, and associated directors. The global company’s new …
Catholic News Site to Pay $500K to New Hampshire Priest in Defamation Case
A far-right, unofficial Catholic media website has agreed to pay $500,000 to a New Hampshire priest who sued for defamation over a 2019 article that it now disavows. The website also is planning to shut down soon, the priest’s attorney …
Russia Oil Fleet Shifts Away From Liberia, Marshall Island Flags as Sanctions Ramp Up
Dozens of oil tankers used by Russia have stopped sailing under the Liberian and Marshall Islands flags in recent weeks after the United States ramped up sanctions enforcement on ships linked to those registries, according to shipping data and interviews …
Bayer Notches More Wins in Roundup Weedkiller Cancer Trials
Bayer on Tuesday said it won a trial in a lawsuit brought by a retired postal service worker in Pennsylvania who alleged he developed non-Hodgkins lymphoma from using the company’s Roundup weedkiller. In addition to the jury verdict in the …