INSURANCE NEWS
Brazil’s Government Paves the Way for Insurance-Linked Securities
Brazil’s National Monetary Council (CMN), the country’s highest economic body, granted approval on Thursday for regulations enabling insurers and reinsurers to raise funds from investors through the issuance of insurance-linked securities. The Finance Ministry, whose minister is a part of …
EPA Blocks Access to Louisiana Apartment Complex Due to Cancer-Causing Chemicals in Soil
BENTON, La. (AP) — After cancer-causing chemicals were found in the soil at a north Louisiana apartment complex, the Environmental Protection Agency has blocked access to part of the property and will move to abate the situation. The EPA will …
Audit Reveals Incomplete Information Led to Resignation of Minnesota Marijuana Regulator
ST. PAUL, Minn. (AP) — The Minnesota governor’s office did not have complete information about the woman the governor appointed as director of Minnesota’s new marijuana regulatory agency, leading to her surprising resignation after media reports about her financial problems …
Family of Florida Woman Killed by Alligator Sues Housing Complex for Negligence
WEST PALM BEACH, Fla. (AP) — The family of a Florida woman killed by an alligator last year as she walked her dog in her backyard is suing the housing complex’s owner, alleging its employees fed the gator and didn’t …
Are Some Florida Workers’ Comp Judges Bending to the Political Winds on Fees?
Attorney fees in Florida workers’ compensation cases seem to be part of a story that will never end, and a state appeals court has added new life to the story with decisions that give support to both sides of the …
U.S. Finds Ex-Gov. Cuomo Sexually Harassed Employees, Settles With New York State
The U.S. Justice Department concluded former New York Gov. Andrew Cuomo sexually harassed more than a dozen state employees, according to a settlement announced Friday that confirmed allegations from the damaging misconduct probe that led to the Democrat’s resignation. The …
Bayer Jury’s $2.2 Billion Roundup Verdict Is Biggest Yet
Bayer AG’s Monsanto unit was ordered by a Pennsylvania jury to pay more than $2.2 billion to a former Roundup user who blamed his cancer on the weedkiller in the largest verdict so far in five years of litigation over …
Jersey Shore Town Fighting State Over Beach Erosion Suffers Winter Storm Damage
A New Jersey shore town locked in a legal battle with the state over tens of millions of dollars it has spent trying — mostly in vain — to hold back the ocean now is more vulnerable than ever. A …
Jury Awards Carroll $83 Million in Defamation Case Against Trump
A jury awarded $83.3 million to E. Jean Carroll on Friday in a stinging and expensive rebuke to former President Donald Trump for his continued social media attacks against the longtime advice columnist over her claims that he sexually assaulted …
Georgia Bill Would Require Wind-Mit Premium Discounts for Commercial Properties
Property insurers in Georgia would be required to provide premium discounts for not only residential, but also for commercial structures that are built or retrofitted to resist wind damage, if a bill approved by Senate committee becomes law. The Senate …
Pennsylvania Counties Dealing With Cyber Incidents
Pennsylvania’s Bucks County reported that it is continuing to investigate a cybersecurity incident that caused an extended outage of the Emergency Communications’ Department’s computer-aided dispatch (CAD) system beginning last Sunday night. The county said all systems are operational and 911 …
Startup AiDash Raises $50M for Tech Using AI, Satellites to Spot Wildfire Risk
A California startup using artificial intelligence (AI) and satellites to spot fire and weather risks on power lines, AiDash, reported it had raised $50 million in new funding, reflecting Silicon Valley efforts to create products that help energy companies adapt …