INSURANCE NEWS
Nashville Bar Damaged in 2020 Bombing Files Suit Against its Insurer
When a Tennessee man set off a bomb in downtown Nashville in 2020, it not only disrupted a peaceful Christmas morning in the city, it put some nearby establishments out of business for more than 30 months. The vehicle blast, …
Maine Lawmakers Agree to Expand Equal Pay Law to Address Racial Bias
Maine lawmakers have signed off on a proposal to expand the state’s equal pay law to prevent discrimination on the basis of race. The proposal from House Speaker Rachel Talbot Ross received affirmative votes in both chambers of the Maine …
Court Allows Philly Cops Fired Over Facebook Posts to Pursue 1st Amendment Claims
A dozen Philadelphia police officers who were fired or suspended for racist and violent social media posts can pursue a lawsuit against the city claiming their First Amendment rights were violated, a federal appeals court ruled. The officers’ social media …
Report: Wildfire Fears at ‘All-Time High’ and Driving Insurer Decisions in Property Market
Despite a relatively average 2022 wildfire season, fears of wildfires remain at an “all-time high,” and those fears appear to be one driver of decision-making on property insurance. A new report from Gallagher Re shows the threat of damaging wildfires …
Berkshire Unit Liable for Millions in Damages Over Oregon Fires
A Berkshire Hathaway Inc. unit is liable for destruction caused by the 2020 Labor Day Fires in Oregon, a jury concluded, exposing energy company PacifiCorp to potentially more than $1.5 billion in damages. Following a seven-week trial, a state court …
Aon Denied Restraining Order Against Alliant
In a June 9 ruling, a federal judge denied Aon a temporary restraining order against Alliant Insurance Services related to the latter’s alleged “unlawful raid” of employees to start a reinsurance business. Last month, Aon filed suit against Alliant, claiming …
Residents Reported Cracked Floors, Bowed Walls at Iowa Building Before Deadly Collapse
DES MOINES, Iowa (AP) – So many people knew something wasn’t right at the 116- year-old Davenport apartment building. The structural engineer who documented the shaky wall. The head of a masonry company who wouldn’t let his workers onto the …
Elevated Walkway Collapses in Texas Beach City, Injuring Nearly Two Dozen
SURFSIDE BEACH, Texas (AP) – Nearly two dozen teenagers from a summer camp were injured when an elevated walkway collapsed Thursday in a beachside city in Texas, with five flown to the hospital by helicopter. None of the injuries were …
Texas Court Dismisses Billionaire’s Defamation Lawsuit Against Beto O’Rourke
AUSTIN, Texas (AP) – A Texas appeals court on Friday dismissed a billionaire’s defamation lawsuit against Democrat Beto O’Rouke that was brought after O’Rourke criticized a $1 million campaign contribution to Republican Gov. Greg Abbott. The ruling by the Third …
People Moves: Everest Insurance Names Industry Veteran Laval as Chief Commercial Officer, Int’l; Sompo Taps SiriusPoints’ Cramér Manhem for Europe Board of Directors
This edition of International People Moves details appointments at Everest Insurance and Sompo International. A summary of these new hires follows here. Everest Insurance Names Industry Veteran Laval as Chief Commercial Officer, Int’l Division Everest Insurance, the insurance division of …
R&Q Announces Capital Raise of $50M-$60M, Completes Reorganization
R&Q Insurance Holdings, (R&Q) the non-life speciality insurer that focuses on program management and legacy insurance business, announced a capital raise of $50 million to $60 million. In addition, it has completed a planned reorganization to separate Accredited (its program …
Federal Regulators Promise Safety Review at all the Major Freight Railroads
The Federal Railroad Administration recently completed a review of Norfolk Southern’s safety culture in the wake of the February’s fiery derailment in Ohio, and officials plan to follow up with similar investigations of all the major freight railroads over the …