INSURANCE NEWS
Burger King Must Face Lawsuit Claiming its Whoppers Are Too Small
A U.S. judge has rejected Burger King’s bid to dismiss a lawsuit claiming that it cheated hungry customers by making its Whopper sandwich appear larger than it actually is. U.S. District Judge Roy Altman in Miami said Burger King must …
Catastrophe Experts Discuss Maui’s Long Road to Recovery
While wildfire search and rescue efforts continued in Maui, a group of CoreLogic experts gathered online last week to discuss the island’s road to recovery through an insurance lens. Panelists analyzed the disaster’s uncertain billion-dollar price tag as well as …
Jury in California Awards $3.75M to Protester Hit by Hard-Foam Projectiles
A jury awarded $3.75 million in damages this week to a protester shot twice with hard-foam projectiles fired by Los Angeles police during demonstrations in 2020. Jurors ruled that the LA Police Department was negligent when one or more of …
Hawaiian Electric Calls Maui County’s Wildfire Lawsuit ‘Irresponsible’
Hawaiian Electric HE.N said on the lawsuit filed against it by the county of Maui was “factually and legally irresponsible,” pointing to the county’s responsibility in the Hawaii wildfires. The company’s shares jumped 30.2% to $12.58 in premarket trading. The …
Student Pilot, Instructor Killed in Maine Plane Crash Identified
Authorities identified the two people killed in a Maine plane crash as a flight instructor and student. The Beechcraft cargo plane crashed in a field in the town of Litchfield last Tuesday. Federal authorities are investigating the cause of the …
2023 to Test Recent Growth in Private Flood Insurance Market
The private flood insurance market has been growing but 2023 may provide a real test following Tropical Storm Hilary in California as well as future storms that may come during the remainder of the Atlantic hurricane season. According to AM …
Howden’s Aston Lark Acquires UK Broker Curtis Marine
Aston Lark, a Howden company, announced it has acquired Plymouth, UK-based marine insurance broker, Curtis Marine. Financial details of the deal were not disclosed. Curtis Marine will become part of Howden’s marine practice, trading under the Haven Knox-Johnston name. The …
Removing Fukushima’s Melted Nuclear Fuel Will Be Harder Than Wastewater Release
At a small section of the Fukushima Daiichi nuclear plant’s central control room, the treated water transfer switch is on. A graph on a computer monitor nearby shows a steady decrease of water levels as treated radioactive wastewater is diluted …
El Niño Likely to Develop Between Sept and Nov, Australian Weather Bureau Says
Australia’s weather bureau said on Tuesday that sea surface temperatures in the tropical Pacific were rising and an El Niño weather event, which typically brings hotter, drier weather, would likely develop between September and November. El Niño is associated with …
Federal Judge Set to Decertify Google Play Class Action
A U.S. judge plans to free Google from having to defend against a class action by 21 million consumers who claimed it violated federal antitrust law by overcharging them in its Google Play app store. Monday’s decision by U.S. District …
Hundreds of P&O Cruise Passengers Flown Home After Tanker Crash
Hundreds of passengers on a P&O cruise ship that crashed into an oil tanker during a storm in Spain have been flown home. The flagship Britannia departed the Mediterranean island of Palma de Mallorca on Monday and will return to …
Toyota’s Japan Production at Standstill as System Failure Hits All 14 Assembly Plants
Toyota Motor Corp. on Tuesday said it has suspended operations at all 14 of its assembly plants in Japan due to a production system malfunction, bringing domestic output to a standstill at the world’s biggest-selling automaker. The glitch is preventing …