INSURANCE NEWS
Severe Cyclone Expected to Hit India’s West Coast, South Pakistan on Thursday
A storm off India’s west coast has strengthened to become a powerful cyclone and could hit India’s western state of Gujarat and southern parts of Pakistan this week, the weather department said. The cyclone, named Biparjoy, is expected to make …
Pennsylvania Governor to Issue Disaster Declaration After Portion of I-95 Collapses
Pennsylvania Gov. Josh Shapiro said he will issue a disaster declaration after a portion of heavily traveled Interstate 95 in Philadelphia collapsed on Sunday morning due to an apparent tanker truck fire. Shapiro said the declaration will allow the state …
Family Files 2nd Lawsuit, Against Captain of Boat, After Fatal Parasailing Crash in Keys
The family of an Illinois woman killed in a 2022 crash while she and two children were parasailing in the Florida Keys filed a second lawsuit connected to her death this week and reflected on the tragic end to a …
Youth Environmentalists Bring Montana Climate Case to Trial After 12 Years
Whether a constitutional right to a healthy, livable climate is protected by state law is at the center of a lawsuit going to trial Monday in Montana, where 16 young plaintiffs and their attorneys hope to set an important legal …
Democrats on Senate Budget Committee Open Investigation Into Major Insurers
Democrats on the U.S. Senate Budget Committee launched an investigation on Friday into major insurers’ “support” of new fossil fuel projects, on the heels of an industry retreat from areas prone to climate risks. American International Group, Travelers Companies, Chubb, …
BioNTech Faces First German Lawsuit Over Alleged COVID-19 Vaccine Side Effects
BioNTech will go to court on Monday to defend itself against a lawsuit from a German woman who is seeking damages for alleged side effects of its COVID-19 vaccine, the first of potentially hundreds of cases in the country. The …
JPMorgan Reaches Agreement to Settle With Epstein Victim
PMorgan Chase & Co. has agreed to settle a lawsuit alleging it knowingly benefited from former client Jeffrey Epstein’s sex-trafficking. The firm reached an “agreement in principle” to settle the proposed class action filed by an unnamed Epstein victim late …
War in Ukraine Prompts Hike in Cyber Attacks on German Businesses
More than one in 10 German companies were the victim of a cyberattack last year, according to a new study, with the war in Ukraine prompting a steep increase in hacking in Europe’s largest economy. In a survey conducted by …
UK Autonomous Vehicle Dreams Could Break Down at Starting Line Without Rules
Britain could lose out on investments in autonomous vehicles (AVs) and see startups shift testing elsewhere if promised laws to regulate the technology are not passed before the next general election, startups and insurance companies said. Despite the government’s vision …
Guyana Court Stays Order for Exxon to Give Unlimited Guarantee for Oil Spills Coverage
A Guyana Appellate Court judge on Thursday temporarily stayed a lower court’s order requiring Exxon Mobil Guyana and partners in offshore oil production to provide an unlimited guarantee to cover potential oil spills. The stay lifts a cloud over oil …
Russia Remains Dissatisfied With Black Sea Grain Deal After UN Talks
Russia is still not satisfied with how a Black Sea grain deal is being implemented, Deputy Foreign Minister Sergei Vershinin said on Saturday after meeting senior U.N. trade officials a day earlier, the TASS news agency reported. Russia has threatened …
Branch CEO Lekas Announces Layoffs, Cites Inflation, Loss Costs
Branch Insurance has conducted a round of layoffs, according to a June 8 LinkedIn post by co-founder and CEO Steve Lekas. Lekas did not announce the number of employees who were let go, but cited “ongoing challenges facing the insurance …