INSURANCE NEWS
Lawsuit Blames Negligence by Plant Owner, HVAC Contractors for Cannabis Worker’s Asthma Death
A lawsuit has been filed over what has been identified as the cannabis industry’s first asthma workplace death. The mother of a worker who died from an asthma attack at a Massachusetts cannabis processing plant in 2022 has brought wrongful …
Sandy Hook Families Offer to Settle Alex Jones’ $1.5 Billion Debt for $85 Million
Sandy Hook families who won nearly $1.5 billion in legal judgments against conspiracy theorist Alex Jones for calling the 2012 Connecticut school shooting a hoax have offered to settle that debt for only pennies on the dollar — at least …
Buffett Gave Tribute to Partner and Friend Munger in Latest Annual Report
Warren Buffett’s Berkshire Hathaway released a brief statement late Tuesday announcing the death of Vice Chair Charlie Munger but the CEO paid tribute to his long-time partner months ago in the company’s most recent annual report. Under the heading, “Nothing …
Jewish Groups Sue UC Berkeley Over ‘Unchecked’ Antisemitism
The University of California, Berkeley was sued on Tuesday by Jewish groups who said it has become a hotbed of “unchecked” antisemitism, including at its elite law school. According to a complaint by the nonprofit Louis D. Brandeis Center, UC …
Charlie Munger, Who Helped Buffett Build Berkshire, Dies at 99
Charles Munger, the alter ego, sidekick and foil to Warren Buffett for almost 60 years as they transformed Berkshire Hathaway Inc. from a failing textile maker into an empire, has died. He was 99. He died on Tuesday at a …
P/C Insurers Face Challenging Claims Dynamics as Frequency, Severity Rise: Swiss Re
The property/casualty insurance industry is confronting challenging claims dynamics, with rising frequency and severity of claims despite decreases in economic inflation, according to Swiss Re. The pace of claims growth in the liability line of business challenges the insurability of …
Authorities Estimate Up to 1.1 million Gallons of Oil Discharged Into Gulf of Mexico From Louisiana Pipeline
NEW ORLEANS (AP) – As much as 1.1 million gallons of oil may have been discharged into the Gulf of Mexico from a pipeline system off Louisiana`s southeast coast, the U.S. Coast Guard said last week. The affected pipeline has …
Texas Judge Orders Houston Attorney to Reimburse Insurer $137,000 for “Frivolous” Lawsuit
A Texas judge has ordered a Houston plaintiffs’ attorney to reimburse an insurer $137,000 for the legal fees it expended to defend itself against a “frivolous” and “groundless” lawsuit that was filed “solely for the purpose of harassment.” Harris County …
People Moves: Alliant Hires Jensen in St. Louis
Alliant Insurance Services, headquartered in Irvine, Calif., hired Morgan Jensen as vice president within its Alliant Americas division. Based in St. Louis, Missouri, Jensen has over 20 years of insurance experience. Before joining Alliant, Jensen served as area vice president …
Five Killed in Ohio Mobile Home Fire on Thanksgiving
ATHENS, Ohio (AP) – Five people, including two children, were killed in a mobile home fire in Ohio on Thanksgiving morning, authorities said. The Ohio Department of Commerce said volunteer firefighters in Athens County were called to a Rainbow Lake …
Murder, Arson Charges on Hold in Killing of Former Mississippi Legislator
JACKSON, Miss. (AP) — Mississippi prosecutors have dismissed indictments against a man in the shooting death of a former state lawmaker and the earlier burning of a building, saying they need more time to investigate. The murder and arson charges …
Chubb Launches Client Methane Resource Center
Chubb Limited recently announced the launch of the Chubb Methane Resource Hub, a digital resource offering clients information and insights for measuring and mitigating methane emissions. The initiative draws on technical expertise and guidance from Environmental Defense Fund. The hub …