INSURANCE NEWS
Exxon Files Lawsuit Against Investors’ Climate Proposal
Exxon Mobil Corp on Sunday filed a complaint in a Texas court seeking to prevent a climate proposal by activist investors from going to a vote during the company’s shareholder meeting in May. This is the first time Exxon is …
Florida Senate Committee Adopts Litigation Funding Rules; Expands Wrongful Death
Litigation financing could soon become more transparent and less influential in Florida, but a 34-year-old restriction on who can file medical malpractice wrongful death claims would be expanded under bills approved Monday by a key Florida legislative panel. The Senate …
Georgia Woman Wanted on Charges She Filed $45,000 in Faked Pet Insurance Claims
Law enforcement officials on Monday were looking for a Georgia woman who allegedly gained almost $45,000 from fraudulent pet insurance claims, from 2019 through 2022. Amanda Lindley, 39, of Paulding County, northwest of Atlanta, is wanted for submitting 48 claims …
Roof Claim for Damage by Vultures Fails on Ordinary, Not Expert, Meaning of ‘Infestation’
How many vultures are required and how long must they be present to create an infestation? The Pennsylvania-based owner of a Maryland commercial building has learned that the answer, at least for insurance purposes, does not lie with an expert …
Exxon Sues ESG Investors to Remove Climate Proposals on Ballot
Exxon Mobil Corp. filed a lawsuit against US and Dutch climate activist investors in an effort to remove what it describes as their “extreme agenda” from the ballot at its annual shareholder meetings. The Texas oil giant is seeking a …
Kansas Man Sentenced for Insurance Fraud
Kansas Insurance Commissioner Vicki Schmidt announced a Kansas man has been sentenced to 12 months of probation for insurance fraud. Cloise Allen, age 46, pled guilty in the District Court of Sedgwick County to one misdemeanor count of a fraudulent …
EPA Assessment Reveals Persistent Nutrient Pollution in US Rivers and Streams
The nation’s rivers and streams remain stubbornly polluted with nutrients that contaminate drinking water and fuel a gigantic dead zone for aquatic life in the Gulf of Mexico, according to a recently released Environmental Protection Agency assessment. It’s a difficult …
Cold Weather Grips Lower US, Causing Dozens of Deaths
Much of the U.S. remained gripped by deadly Arctic weather Sunday — with subfreezing conditions reaching as far south as Texas and Florida. But the numbing cold is expected to ease up in the coming days. Freezing rain, sleet and …
J&J Sets Up 3rd Talc Bankruptcy Bid by Moving Unit to Texas
Johnson & Johnson is seeking to move a unit to Texas as it prepares for a potential third bankruptcy court filing to resolve more than 50,000 lawsuits alleging tainted talc in its baby powder caused cancer. The company filed a …
FAA Steps Up Scrutiny of Boeing With Calls for Checks on Another 737 Model
The U.S. Federal Aviation Administration (FAA) has recommended that airlines operating Boeing 737-900ER jets inspect door plugs to ensure that they are properly secured after some operators reported unspecified issues with bolts upon inspections. Regulators have stepped up scrutiny on …
Power Line Falls on Car During Oregon Ice Storm, Killing 3
A power line fell on a parked car in northeast Portland, Oregon, killing three people and injuring a baby during an ice storm that turned roads and mountain highways treacherous in the Pacific Northwest. Shortly before noon on Wednesday, dispatchers …
Markets/Coverages: Liberty Mutual Launches New Management Liability Package
Liberty Mutual recently announced ProShield, a packaged solution providing private companies and non-profits streamlined access to directors & officers, employment practices liability, fiduciary, and crime coverages Brent Tan has been appointed to manage the product line as senior director, financial …