INSURANCE NEWS
Russia-Linked Hackers Claim Credit for OpenAI Outage
A hacking group linked to Russia claimed responsibility for attacks that periodically forced OpenAI’s ChatGPT offline last week, saying it targeted the company due to its support of Israel. The group, which calls itself Anonymous Sudan, said in a post …
Business Groups Sue Labor Board to Block Contract, Franchise Worker Rule
Several major U.S. business groups sued a federal labor board on Nov. 9, seeking to strike down a rule treating many companies as employers of contract and franchise workers and requiring them to bargain with their unions. The groups led …
WV High Court: Liability Coverage Due for Latent Disease, Even Years after Policy Dates
Liability insurers that write in West Virginia and beyond received some unsettling and expensive news from the state Supreme Court last week: Without iron-clad policy language barring coverage, long-tail illness claims must be covered and a carrier has a duty …
Maine’s Ending Limits on Child Sex Abuse Suits Is Unconstitutional, Church Tells Court
A lawyer for the Roman Catholic Diocese of Portland told supreme court justices Thursday that Maine’s elimination of time limits on child sex abuse lawsuits is unconstitutional and imposes new liabilities, a reference to costly lawsuits that have driven some …
Violations Against Washington Roofer Bring Fines to over $3.5M
A Snohomish, Washington roofing company fades more than $400,000 in fines for reportedly disregarding safety rules it has violated 60 times over the past four years. The Washington State Department of Labor & Industries opened an inspection of Allways Roofing …
California Commercial Fishing Groups Sue Tire Makers Over Rubber Preservative
The 13 largest U.S. tire manufacturers are facing a lawsuit from a pair of California commercial fishing organizations that could force the companies to stop using a chemical added to almost every tire because it kills migrating salmon. Also found …
Jury Awards $1.2 Million to De Niro’s Former Assistant in Gender Discrimination Lawsuit
A jury said Robert De Niro’s company should pay more than $1.2 million to his former personal assistant after finding his production company engaged in gender discrimination and retaliation. While the jury found De Niro was not personally liable for …
Markets/Coverages: Florida Citizens Taps Verisk Aerial Imagery for Underwriting
Verisk, a global data analytics and technology provider, announced that Citizens Property Insurance Corp., the residual, not-for-profit insurer in Florida, will adopt Verisk’s aerial imagery analytics solution. The move is designed to help provide Citizens a more comprehensive view of …
Liberty Mutual Records $219M Q3 Net Income
Liberty Mutual Holding Co. on Thursday reported third quarter net income of $219 million, reversing a loss of $353 million a year ago during the same time. “Solid underwriting results in our Global Risk Solutions business and the tailwind from …
Risk Strategies Acquires New York’s Prince Associates
National specialty broker Risk Strategies has added a Long Island commercial lines agency to its roster. Boston-based Risk Strategies announced its acquisition of Prince Associates, Inc., a multi-line retail independent insurance agency founded in 1964 and based in Hicksville, New …
Russian Missile Strike on Merchant Ship Threatens Ukraine’s Exports
A Russian missile strike on a commercial ship at a major Ukrainian Black Sea port is adding to risks for commodity exports just as farmers in the war-battered nation are in the midst of this year’s harvest. A 750-feet iron …
Court Revives Retaliation Claim by Syracuse University Student Who Reported Sexual Assault
Syracuse University must face a claim by a female student who alleges her coaches retaliated against her after she filed a sexual assault complaint against a male athlete. A federal district court in September 2022 dismissed Jane Doe’s deliberate indifference, …