INSURANCE NEWS
Jury Awards $270K in Baylor University Suit Brought by Former Student
A federal jury found Baylor University negligent in a Title IX lawsuit and awarded $270,000 to a former student who alleged she was physically abused by a football player in 2014 during a period of wide- ranging scandal at the …
Flights Delayed and Canceled at Texas Airport After 2 Private Jets Clip Wings on Airfield
Flights were delayed and canceled this week at Houston`s William P. Hobby Airport as crews cleaned up after two private jets clipped wings when they were moving on the airfield, officials said. No injuries were reported and the city fire …
Amazon Injuries More Widespread Than Thought, Study Says
More than two-thirds of Amazon.com Inc. US warehouse workers surveyed by researchers reported that they took unpaid time off to recover from pain or exhaustion sustained on the job. The new national study, published Wednesday by the University of Illinois …
Bankman-Fried Could Take Stand at Fraud Trial Over FTX Collapse
Sam Bankman-Fried could take the stand at his fraud trial as soon as Thursday, when prosecutors are set to finish presenting their case accusing the founder of now-bankrupt cryptocurrency exchange FTX of stealing billions of dollars from customers. Defense lawyer …
Australia Court Rules Carnival Negligent Over Cruise’s COVID Risks in Landmark Ruling
A cruise operator that failed to cancel a voyage from Sydney that led to a major COVID-19 outbreak was ruled negligent in its duty of care to passengers in an Australian class-action case Wednesday. The Ruby Princess ocean liner left …
Probe of Damaged Baltic Sea Pipeline, Telecoms Cable Focuses on Chinese-Owned Ship
Estonia’s investigation into a damaged Baltic Sea telecoms cable will focus on the actions of a Chinese-owned vessel, the country’s prosecutor general said, after Finland blamed damage to a nearby pipeline on a ship. Early on Oct. 8, a gas …
EPA Proposes Banning Cancer-Causing Chemical TCE Used in Automotive Care
The U.S. Environmental Protection Agency on Monday proposed banning the cancer-causing chemical trichloroethylene, which can be found in consumer products including automobile brake cleaners, furniture care and arts and crafts spray coating. The move would end a nearly four decade …
World’s Ghost Fleet in Focus Over US Russian Price-Cap Crackdown
U.S. penalties on shippers transporting Russian oil in breach of the G7’s price cap could push more Russian cargoes onto vessels referred to as the ghost fleet and away from mainstream tankers, shipping sources and analysts told Reuters. The cap …
Israel’s Ashdod Port Toils Under Threat of Rockets as War Risk Insurance Rates Soar
When wailing sirens warn of incoming rockets from Gaza, workers at Israel’s Port of Ashdod stop operations within moments and quickly resume their work minutes later when the all clear is given. It’s an unusual way for a port to …
Conservatives Challenging Nasdaq Board Diversity Rule Appeal to Full 5th Circuit
A conservative group that lost a challenge to Nasdaq’s board diversity disclosure rule appealed the decision on Wednesday, requesting a full court review and saying that the rule discriminates based on race and sex. The rule approved by the U.S. …
People Moves: XPT Taps Jones as VP, to Head Orlando Office
XPT Specialty, a wholesale brokerage with offices in 12 US states, has named Mike Jones senior vice president, based at XPT’s newly established Orlando office. Jones will oversee hybrid managing general agency/brokerage placements for contractors, hospitality, product liablity and liquor, …
Choice Financial Group Acquires SIA Insurance in New Jersey
Choice Financial Group announced it has acquired SIA Insurance in Manasquan, New Jersey. The move marks Choice’s fourth acquisition in New Jersey and adds to Choice’s growing East Coast presence from New Hampshire to Florida. SIA Insurance was formed in …