INSURANCE NEWS
France and Germany Show No Sign of Agreement on Role of Nuclear in Clean Energy
France and Germany are showing no sign of nearing a compromise on the role of nuclear energy in the European Union’s transition to cleaner energy, highlighting the challenge faced in reaching a deal in the coming weeks to push ahead …
Lawsuit Over Trident ‘Original Flavor’ Gum Is Dismissed
A federal judge in Illinois has dismissed a lawsuit accusing Mondelez International Inc of deceiving consumers into believing its Trident “Original Flavor” gum contained real mint. U.S. District Judge Iain Johnston said it was “fanciful” to believe reasonable consumers would …
Investigators Determine Cause of Texas Fire That Killed 18,000 Cows
LUBBOCK — State investigators have determined a fire and explosion at a Panhandle dairy farm was an accident and started with an engine fire in a manure vacuum truck that was cleaning part of the barn. The April 10 fire …
Native American Former Student Sues Ok. School for Removing Feather at Graduation
TULSA, Okla. (AP) – A Native American former student is suing an Oklahoma school district for the removal of an eagle feather from her graduation cap prior to her high school graduation ceremony. The lawsuit filed Monday in Tulsa County …
Governments Race to Regulate AI Tools
Rapid advances in artificial intelligence (AI) such as Microsoft-backed OpenAI’s ChatGPT are complicating governments’ efforts to agree laws governing the use of the technology. Here are the latest steps national and international governing bodies are taking to regulate AI tools: …
Indiana Man Charged With Arson in Fire That Destroyed Century-Old Building
EVANSVILLE, Ind. (AP) – A southwestern Indiana man allegedly set a fire that gutted a building more than 100 years old that was listed decades ago on the National Register of Historic Places, police said. Charles James Perrin, 25, was …
People Moves: Kuhn Leaves AIG for Ascot to Lead Large Public D&O
John Kuhn is now senior vice president, management liability and head of large public at Ascot. Ascot said Kuhn will lead the development and execution of Ascot’s large public D&O strategy, with a focus on underwriting and portfolio management through …
Ill. Supreme Ct. Clarifies Standard to Name Defendants in Malpractice Suits
More than 40 years ago, the Illinois legislature sought to reduce the number of defendants in medical malpractice actions by allowing plaintiffs to name health care providers as respondents for the purposes of discovery and convert them to defendants later …
Pie Insurance CEO Tells Employees During All-Hands That 14% Are Being Let Go
Late last week insurtech Pie Insurance held an all-hands meeting during which CEO John Swigart told employees that 14% of them, 66 in all, are being laid off. “This decision was made as part of our wider budget revision process …
Compre Group Buys SUNZ’ Workers’ Comp Portfolio
Compre Group Holdings, a Bermuda-based firm that specializes in acquiring and managing discontinued insurance and reinsurance businesses, has purchased the workers’ compensation portfolio from SUNZ Insurance Co. for an undisclosed sum. The transaction, approved by the Bermuda Monetary Authority, was …
Aftermath of Charlotte Fire: Two Workers Could Not be Saved by Firefighters
Crews searching the rubble of a massive construction fire in North Carolina on Friday found the bodies of two people that firefighters couldn’t reach before the flames became too intense. Authorities didn’t identify the victims, but officials said two workers …
Victims of Deadly Oregon Highway Crash Were Farmworkers, Union Says
The victims of one of Oregon’s deadliest highway crashes were farmworkers traveling in a van at an hour when agricultural laborers typically commute home after toiling in the harvest, the state’s farmworkers union and Mexican officials said. Authorities have not …