INSURANCE NEWS
Shell to Face UK Trial Over Devastating Nigerian Oil Spills
A UK court ruled that a group of Nigerian fishermen can bring claims against Shell Plc over oil pollution that devastated their communities, as a long-running legal case edges closer to a trial. The 13,000 fishermen from the Ogale and …
Fewer Than 10% of CEOs in Britain’s Largest Companies Are Women
Even as Britain’s largest companies are hiring women in executive leadership roles at the fastest pace in five years, there’s a big hurdle to cross: they are still unlikely to be in influential roles overseeing the commercial side of the …
EU Weighs Wider Scope for Cybersecurity Certification Scheme: Proposal
The European Union is considering broadening the scope of proposed cybersecurity labeling rules that would affect not just Amazon, Alphabet’s Google and Microsoft but also banks and airlines, according to the latest draft of the rules. The EU move to …
Honda Recalls Select Accords, HR-Vs Over Missing Seat Belt Piece
Honda is recalling select 2023-2024 Accord and HR-V vehicles due to a missing piece in the front seat belt pretensioners, which could increase injury risks during a crash. According to notices published by Honda and the National Highway Traffic Safety …
US Labor Board Files Complaint Against Mozilla for Refusing to Hire Apple Activist
When Cher Scarlett began speaking up about labor issues at Apple Inc., she knew she was at risk of losing her software engineering job, but was confident she could find another. Yet two years after her departure from the iPhone …
SCOTUS to Hear Purdue Pharma Settlement Plan That’s Dividing Opioid Victims
The agreement by the maker of OxyContin to settle thousands of lawsuits over the harm done by opioids could help combat the overdose epidemic that the painkiller helped spark. But that does not mean all the victims are satisfied. In …
HCI Execs to Launch Condo Insurance Exchange in Florida After OIR Approval
Executives at Tampa-based HCI Group, the holding company for Homeowners Choice and TypTap Insurance companies, are having a busy fourth quarter. Just a day after HCI announced that Homeowners Choice had successfully assumed more than 53,000 policies from the state-created …
California Reaches $1M Settlement in Wage Theft Case
The Labor Commissioner’s Office settled a lawsuit against Glendale, California-based Calcrete Construction Inc. for $1 million for multiple wage theft violations, including overtime and paid sick leave law violations, affecting 249 construction workers. The office began investigating in October 2016 …
Bank Will Offer Accommodation to Employee With Anxiety Disability
Citizens Bank will change its company policy and pay $100,000 to a former employee of its Cranston, Rhode Island call center to resolve a disability discrimination lawsuit filed by the Equal Employment Opportunity Commission (EEOC), the federal agency announced. According …
New Jersey Supreme Court: Workers’ Compensation Covers Commuting Employee’s Car Crash Injury
Typically, workers who are injured during their commute to work aren’t eligible for workers’ compensation benefits. The New Jersey Supreme Court highlighted an exception to that rule in a unanimous decision Tuesday. The high court held that a pest control …
New Jersey Blaze lnjured 8 Firefighters and Displaced a Dozen Residents
Eight firefighters were injured battling a Thanksgiving night fire that displaced more than a dozen residents in West New York, New Jersey, officials said. WABC-TV reports that the fire was in an apartment above a pharmacy on Bergenline Avenue at …
Reinsurers Cautious About US Regional Property Cat as Storm Losses Rise: Gallagher Re
After a costly 2023 severe convective storm season in the US, reinsurers underwriting in the regional property catastrophe market are skeptical about providing frequency cover, but their overall appetite remains healthy, according to Gallagher Re. Carriers are less willing to …