INSURANCE NEWS

More Big Corporate Settlements Coming, Says Departing Justice Dept Official

As Kenneth Polite steps down this month as the head of the U.S. Department of Justice’s Criminal Division, he will leave behind a flurry of major corporate settlements that he told Reuters in an exit interview will hit federal court …
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St. Louis Police Protesters Being Receiving Shares of $4.9 million Settlement

ST. LOUIS (AP) – Some of the people who were arrested during a 2017 protest over the acquittal of a white police officer in the shooting death of Anthony Lamar Smith have started receiving their share of a $4.9 million …
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Wisconsin Teenager Charged After Throwing Gas on a Bonfire, Triggering Explosion That Burned 17

SHAWANO, Wis. (AP) __ A Wisconsin teenager has been charged with triggering a bonfire explosion that injured more than a dozen people. Prosecutors in northeastern Wisconsin`s Shawano County charged Sam Armstrong, 18, on Thursday with 13 counts of injury by …
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South Louisiana Parish Sues to Block Port of New Orleans` $1.8 billion Container Port Project

NEW ORLEANS (AP) – A south Louisiana parish is suing the Port of New Orleans to block it from building a planned $1.8 billion container facility. The St. Bernard Parish District Attorney`s Office filed the lawsuit this week in 34th …
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Texas Construction Company Fined $266K For Failure to Correct Fall Protection Systems Hazards

Despite an extensive history of serious and repeat violations dating back more than a decade, a Houston, Texas steel erection company again failed to correct fall protection systems hazards, a federal workplace safety investigation has found. Investigators with the U.S. …
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Texas Court Rejects ‘Fishing Expedition’ Discovery Request to Home Depot

A Texas appellate court threw out a trial court order that approved a plaintiff’s overly broad discovery request in an employee’s personal injury lawsuit against Home Depot. A panel of the 9th Court of Appeals in Beaumont vacated a judge’s …
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NY Lawmakers Vow to Block Property Insurers from Asking About Subsidized Tenants

Three New York legislators said they plan on pushing bills next year that would bar property insurers from requesting information about subsidized housing, a practice that discriminates, an NYC news outlet reported. The Gothamist, a non-profit news organization affiliated with …
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Banking Industry Starts to Pick Its Battles Against New Capital Rules

Now that regulators in Washington have unfurled a hefty reform package of post-financial crisis capital regulations, banking industry advisers are honing in on what they consider most disruptive, including risk management requirements that could affect real estate lending, consumer credit …
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Britain to Create New Regime to Deal With Big Insurance Company Failures

Britain said on Wednesday [Aug. 2] it would start work on setting up new rules specially designed to prevent a big insurance company collapse from crashing the financial system. Regulators have already introduced rules to deal with ailing banks after …
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Hospitals, Clinics in Several States Begin Recovery After Cyberattacks

Hospitals and clinics in several states on Friday began the time-consuming process of recovering from a cyberattack that disrupted their computer systems, forcing some emergency rooms to shut down and ambulances to be diverted. Many primary care services at facilities …
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Compensation for New Mexico Wildfire Victims Tops $14M and is Climbing

More victims of a devastating wildfire sparked last year by the U.S. Forest Service in northern New Mexico are getting compensated, with payouts to landowners totaling more than $14 million as of early next week, federal emergency managers said. Congress …
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Howden’s DUAL Acquires Equestrian Specialist MGA David Ashby Underwriting

DUAL, the London-based managing general agent, announced the acquisition of David Ashby Underwriting Ltd. (DAU), an MGA that specializes in bloodstock and high value sports horse insurance. Financial details of the deal were not disclosed. DUAL said, the acquisition cements …
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