INSURANCE NEWS
Multiple Commercial Vessels Attacked in Red Sea
Three commercial vessels came under attack in international waters in the southern Red Sea, the U.S. military said Sunday, as Yemen’s Houthi group claimed drone and missile attacks on two Israeli vessels in the area. The Carney, an American destroyer, …
Hillary Clinton Calls for Reform of Insurance Sector at COP28 Climate Talks
Former U.S. Secretary of State Hillary Clinton called on Sunday for reform of the insurance sector, where companies are increasingly withdrawing assistance against climate shocks. Lower-income countries and workers in nations most affected by climate change are struggling to access …
Climate Finance Takes Center Stage at COP28 Climate Talks
Money pledges are grabbing the spotlight at COP28 in Dubai, and more were expected on Monday as delegates turned their focus to the yawning gap in how much climate finance is needed and what’s on tap. Monday was expected to …
BMW Recalls SUVs Since Takata Air Bag Inflators Can Blow Apart
BMW is recalling a small number of SUVs in the U.S. because the driver’s air bag inflators can blow apart in a crash, hurling metal shrapnel and possibly injuring or killing people in the vehicles. U.S. auto safety regulators say …
Breaches by Iran-Affiliated Hackers Spanned Multiple States
A small western Pennsylvania water authority was just one of multiple organizations breached in the United States by Iran-affiliated hackers who targeted a specific industrial control device because it is Israeli-made, U.S. and Israeli authorities say. “The victims span multiple …
Lawsuit Alleges Negligence by CSX in Kentucky Train Derailment
LOUISVILLE, Ky. (AP) — A lawsuit filed Wednesday in federal court alleges negligence by CSX Transportation caused a train derailment and ensuing chemical fire that forced residents of a small Kentucky town out of their homes for more than a …
Florida Authorities Charge Four in Fraudulent Roof Claims, Issue Warrant for SFR Contractor
Florida authorities have announced the arrest of four people in connection with an alleged scheme to deliberately damage roofs in order to qualify them for insurance claims. An arrest warrant also has been issued for another contractor who is well …
People Moves: Symphony Grow Names Sampson Senior Director of Legal Affairs and Risk Management
Symphony Grow, the specialty business of Symphony Risk Solutions, appointed Michael H. Sampson as senior director of legal affairs and risk management. Sampson joins Symphony from Leech Tishman Fuscaldo & Lampl, where he co-led the law firm’s cannabis industry group …
Tech Firm Settles Over Failure to Accommodate Deaf Job Candidate
A San Diego-based technology firm for the hospitality industry has avoided a trial over charges it discriminated against a qualified deaf applicant from Massachusetts for a remote IT job. A federal judge in Boston approved a consent decree resolving a …
Trump Denied Immunity Against US Election Subversion Charges
Donald Trump is not entitled to absolute presidential immunity against criminal charges over his efforts to overturn the 2020 presidential election, a federal judge ruled, saying the office doesn’t come with a “lifelong ‘get-out-of-jail-free’ pass.” US District Judge Tanya Chutkan …
Ohio Settles Lawsuit With Chemical Companies For $110 Million Over PFAS Contamination
DOVER, Del. (AP) – The DuPont Co. and two spin-off firms will pay $110 million to the state of Ohio to settle a lawsuit over environmental threats from toxic chemicals used at a former DuPont facility in neighboring West Virginia, …
Despite Insurance Costs, Lux Condos Going Up: Miami Tower to Have $150M Penthouse
(Bloomberg) — A roughly 13,000-square-foot, full-floor penthouse and roof at the Rosewood Residences, a 17-story condo tower designed by Peter Marino in Miami’s South Beach, could soon be the most expensive in Miami Beach’s history. It’s priced at “over $150 …