INSURANCE NEWS
Big Tech Braces for Roll-out of EU’s Digital Services Act
More than a dozen of the world’s biggest tech companies face unprecedented legal scrutiny, as the European Union’s sweeping Digital Services Act (DSA) imposes new rules on content moderation, user privacy and transparency this month. Across the EU, a host …
Japan Begins Releasing Nuclear Wastewater in Process That Could Last 30 Years
Japan started the release of treated wastewater from the Fukushima nuclear site into the Pacific Ocean in a process that could last about 30 years, triggering an immediate retaliation by China to curb seafood imports. Tokyo Electric Power Co., which …
People Moves: Hamann Named President of Hanover Small Commercial; Chilson Becomes Argo Surety President; Ryan Specialty Hires Conklin for Chief HRO
The Hanover Appoints Hamann President of Small Commercial The Hanover Insurance Group, Inc., headquartered in Worcester, Mass., appointed Charles (Chip) F. Hamann to president of small commercial. Hamann has over 35 years of industry experience and has been with The …
Athens Wildfires Burn Part of Forest in Mount Parnitha After Destroying Homes
A wildfire near the Greek capital burned part of the forest in mount Parnitha, after destroying homes and cars, while Athens prepares for another difficult day as authorities have issued a high alert warning for fires on Thursday. The fires …
AstraZeneca Faces 2 London Lawsuits Over COVID-19 Vaccines
AstraZeneca is facing two London lawsuits, including one from the husband of a woman who died after receiving the Anglo-Swedish drugmaker’s COVID-19 vaccine, in the first of potentially dozens of cases brought in England. Britain was the first country to …
Lapsus$ Hacker Targeted Uber, Revolut, Grand Theft Auto Maker, London Jury Finds
A teenage member of the Lapsus$ hacking group was on Wednesday found by a London jury to have hacked Uber and fintech firm Revolut, and blackmailed the developers of best-selling videogame Grand Theft Auto. Arion Kurtaj, 18, embarked on a …
McDonald’s, CEO Must Face Ex-Security Executive’s Race Bias Claims
A federal judge in Chicago on Tuesday refused to dismiss a lawsuit accusing McDonald’s Corp. of pushing out a Black executive after he criticized CEO Chris Kempczinski for appearing to blame the parents of a girl shot in a McDonald’s …
Mallinckrodt Second Bankruptcy Would Cut $1 Billion From Opioid Settlement
Drugmaker Mallinckrodt said Wednesday it expects to file for a second bankruptcy in the coming days, after reaching a debt reduction deal that would cut $1 billion from the amount it owes to victims of the opioid crisis. The agreement …
Miami-Dade Considers New Storm Protection Plan: Dunes, Mangroves and Barrier Gates
Local and federal officials have agreed to a plan to study new ways to protect much of Miami from rising seas and storm surge in the decades ahead, measures that could include dune reinforcements, extensive mangroves and barrier gates at …
Dollar Tree Inc. Agrees to Improve Safety and Pay $1.35M in Fines: OSHA
Dollar Tree Inc. and subsidiary Family Dollar have entered an agreement with the Occupational Safety and Health Administration (OSHA) to make operational changes within two years. The Department of Labor’s OSHA said it has cited the stores throughout the U.S. …
Louisiana Policyholders Have Until August 29 to File Suit for Damaged Related to Hurricane Ida
Louisiana Insurance Commissioner Jim Donelon is reminding policyholders who filed a property damage claim as a result of Hurricane Ida that they have until August 29, 2023, to file suit against their insurer for insurance claims for which they believe …
Insurer Berkley Wants Judge in Virginia to Toss $5.8M Jury Verdict Over Mold Claim
Berkley Assurance Co. is asking a federal judge in Virginia to throw out a $5.8 million jury verdict against it in a case where the insurer maintains a construction firm failed to notify it of its mold claim in a …