INSURANCE NEWS
New Jersey Denies Bulkhead for Shore Town With Wrecked Sand Dunes
New Jersey is refusing to allow a shore town whose sand dunes have washed away in places to build a bulkhead to protect itself, ruling that no one is in imminent danger. The state Department of Environmental Protection told North …
Lex Greensill’s Fraud Means Zurich Can’t Payout $400 Million, Insurer Argues
Lex Greensill’s fraud and “conspiracy” with commodities tycoon Sanjeev Gupta should prevent the financier’s collapsed bank from making a $400 million claim, Zurich Insurance Group said in a London lawsuit. Greensill Bank AG’s administrators sued Zurich to recoup losses of …
AccuWeather: Preliminary Damage and Loss from California Storms $9-$11B
The preliminary total damage and economic loss from the intense storms and record rainfall in California this week will be between $9 billion and $11 billion, according to AccuWeather estimates released on Monday. The atmospheric river hit California Saturday and …
Louisiana Manufacturer to Pay $105K Over Age Discrimination Suit
J&M Industries, Inc., a manufacturing and distribution company based in Ponchatoula, Louisiana, has agreed to pay a former employee $105,000 to settle an age discrimination lawsuit filed by the U.S. Equal Employment Opportunity Commission (EEOC), the federal agency announced. According …
Goose Found in Helicopter’s Flight Control System in Fatal Oklahoma Crash
A dead goose was found in part of the flight control system of a medical helicopter that crashed in western Oklahoma, killing all three people on board, according to a preliminary report by the National Transportation Safety Board. The report …
Power Restored to BP Oil Refinery in Indiana After Temporary Shut Down
WHITING, Ind. (AP) — Power has been restored to BP’s sprawling oil refinery in northwest Indiana following an outage that prompted the company to temporarily shut down the complex and evacuate workers, BP said last Friday. BP spokesperson Christina Audisho …
Contractor Reaches $25M Settlement in Flint, Michigan Water Crisis Suit
FLINT, Mich. (AP) — A second contractor said last Thursday that it has reached a $25 million settlement over its role in Flint, Michigan’s lead-contaminated water scandal. The class-action litigation agreement includes payments of $1,500 for individual minors, according to …
Pennsylvania’s 7.8% Workers’ Compensation Cut Takes Effect in April
Pennsylvania workers’ compensation rates will be going down for employers beginning April 1. Insurance Commissioner Mike Humphreys on January 23 approved an overall decrease in loss costs of -7.88%, more than doubling last year’s decrease of -3.33%. Humphreys approved the …
Driverless Cars Covered 5x More Test Miles in California in 2023
Completely driverless vehicles traveled nearly 3.3 million miles in California last year, over five times the previous year’s total, even as concerns rose in the wake of a Cruise robotaxi accident, state data on vehicle testing released on Friday showed. …
People Moves: Howden Appoints Shalders as Group COO; Neighbour Named BMS Energy Director
Howden, headquartered in Renfrew, United Kingdom, appointed David Shalders as group chief operating officer. Shalders will join as an executive member of the Howden Group board and the global leadership team. Shalders joins Howden from LSEG (London Stock Exchange Group), …
Tesla Runs Afoul of Font-Size Rule in 2.2 Million Electric Cars
Tesla drivers no longer have to squint to read the warning lights in their electric vehicles, thanks to eagle-eyed auditors at the US National Highway Traffic Safety Administration. The regulator posted an unusual recall report on its website Friday from …
New England Patriots Sued Over Video Viewing App’s Alleged Privacy Violations
A Massachusetts man has filed a proposed class action lawsuit seeking $5 million against the New England Patriots for alleged privacy violations. The suit alleges that the team intentionally and knowingly discloses personally identifiable information (PII) of people using their …