INSURANCE NEWS
Japanese Authorities Inspect Second Kobayashi Pharma Factory After Deaths
Health authorities searched a second Kobayashi Pharmaceutical factory in western Japan on Sunday after the company reported five deaths possibly tied to dietary supplements, an official said. The inspection in Wakayama prefecture follows one on Saturday in Osaka, expanding the …
Trump Pays $175 Million Bond to Avert Asset Seizure
Donald Trump followed through on his vow to pay a $175 million bond to put a massive civil fraud verdict on hold while he appeals it, assuring New York state won’t start seizing the former president’s assets, at least for …
Families of 5 Men Killed by Minnesota Police Reach $165K Settlement
ST. PAUL, Minn. (AP) — Families of five men killed by police have reached a settlement with the Minnesota Bureau of Criminal Apprehension in their lawsuit seeking the investigative files on the fatal shootings. The $165,000 settlement was reached last …
Survivors of Sex Abuse Ask Louisiana High Court to Open Window to Sue
NEW ORLEANS (AP) — Advocates for adult victims of childhood sexual abuse say they will ask Louisiana’s Supreme Court to reconsider a ruling that wiped out 2021 legislation giving them a renewed opportunity to file civil damage lawsuits over their …
No Injuries or Hazardous Materials Spilled From Oklahoma Train Derailment
DAVENPORT, Okla. (AP) — Authorities and work crews on Sunday continued to clean up after a train derailment in central Oklahoma overturned 22 rail cars carrying gravel but didn’t result in any injuries. The derailment occurred Saturday afternoon just east …
How Do Insurers Define Systemic Cyber Risk?
Systemic cyber risk is being discussed as a growing concern for insurers as technology advances and interconnectivity increases, but how is this risk defined? That may be one of its gray areas. “As you go through different owners of risk …
US Executive Gets UK Judgments Thrown Out After Revealing Hackers Swayed His Case
An American aviation executive has had British judgments worth more than $4 million against him thrown out after a judge ruled that his legal opponent had covered up its use of hackers to steal the businessman’s emails in order to …
Ship Owner in Bridge Collapse Seeks to Limit Its Liability
The owner of the ship that rammed into a bridge in Baltimore last week, killing six workers and throwing the eastern US transportation network into chaos, is seeking to limit its liability to about $43.7 million. The company, Grace Ocean, …
Google Agrees to Delete Web Browsing Data as it Settles ‘Incognito’ Lawsuit
Google said it would delete millions of records of users’ browsing activities as part of a settlement of a class-action lawsuit that alleged it tracked people without their knowledge. The case, filed in 2020, alleged the Alphabet Inc. unit surreptitiously …
Dutch Court Hears Shell’s Appeal Against Landmark Climate Ruling
A Dutch court will on Tuesday hear Shell’s appeal against a landmark climate ruling which ordered it to drastically deepen planned greenhouse gas emission cuts. The district court in The Hague in 2021 ordered the oil and gas giant to …
American Contracts Bird Flu After Exposure to Virus Spreading in Cows
A person in Texas contracted bird flu, most likely after being exposed to infected dairy cows, public health officials said, as an emerging outbreak among the animals spreads in the country. The risk to the general population remains low, the …
From NFP to Alliant: Pestana to Head Real Estate Section, Based in Charlotte
Alliant Insurance Services, a national distributor, has named Gary Pestana managing director of Alliant Specialty, in the firm’s real estate and hospitality area. He will be based in Charlotte, North Carolina. Pestana has more than 30 years’ experience in risk …