INSURANCE NEWS
A WV Teacher Was Caught on Video Abusing Students. Her District is Settling for $11M
A school district in West Virginia has reached settlements totaling over $11 million in lawsuits involving a teacher who abused special education students in her classroom, according to a media report. Seven lawsuits against Nancy Boggs and the Kanawha County …
Thermo Fisher Settles with Family for Taking Woman’s Cells 70 Years Ago
BALTIMORE (AP) — More than 70 years after doctors at Johns Hopkins Hospital took Henrietta Lacks’ cervical cells without her knowledge, a lawyer for her descendants said they have reached a settlement with a biotechnology company that they accused of …
Skanska Must Face the Music: Maritime Law Does Not Protect it from Fla. Storm Claims
A construction company whose barges came loose from their moorings during Hurricane Sally and damaged the Pensacola Bay Bridge will have to cope with some 900 claims by businesses and other parties that say they suffered economic damages while the …
Ukraine Weighs Insuring Ships Going via ‘Grain Corridor’: Interfax-Ukraine
Ukraine is considering the possibility of insuring ships going through the “grain corridor,” news agency Interfax-Ukraine reported on Thursday, citing Prime Minister Denys Shmyhal. “Now we are discussing in the government and, I am sure, we will make a decision …
AXA Agrees to Purchase Laya Healthcare From AIG for €650 Million
AXA announced it has entered into an agreement to acquire Laya Healthcare Ltd. from Corebridge Financial Inc., a subsidiary of AIG. Laya has a leading position in the Irish health market with approximately a 28% market share, serving close to …
Russia Strikes Ukraine’s Danube Port. Kyiv Says Aim Is to Intimidate Insurers, Shippers.
Russia attacked Ukraine’s main inland port across the Danube River from Romania on Wednesday, sending global food prices higher as it ramped up its use of force to prevent Ukraine from exporting grain. The drone attacks destroyed buildings in the …
Beijing Hit With Heaviest Rainfall in at Least 140 Years
China`s capital has recorded its heaviest rainfall in at least 140 years over the past few days. The city recorded 744.8 millimeters (29.3 inches) of rain between Saturday and Wednesday morning, the Beijing Meteorological Bureau said on Wednesday. The record …
Cyberattack on Norway Ministries Lasted at Least Four Months
A cyberattack on Norway’s government ministries uncovered last week had exploited a vulnerability linked to mobile device management and lasted at least four months, according to Norwegian and US cybersecurity agencies. A vulnerability affecting Ivanti Endpoint Manager Mobile allowed advanced …
France’s AFP Sues Musk’s X Social Media, Citing Refusal to Discuss Payment for News
Agence France-Presse (AFP) said on Wednesday it filed a lawsuit in Paris against Elon Musk’s X social media platform, formerly known as Twitter, accusing it of failing to discuss potential payment for the distribution of the news agency’s content. France …
Ratings Firms Struggle With Climate Risk in $133 Trillion Market
With 46 straight days of 100-degree heat and coastal waters approaching hot-tub temperatures, Miami can seem like a clear example of the costs of a warming world. But analysts at S&P Global Inc. aren’t sweating it. They recently upgraded Miami’s …
Europeans Lack Insurance Protection as Wildfires and Drought Batter the Region
Europeans are among the least insured against certain types of extreme weather and other natural disasters in the developed world, a predicament made more worrisome as the continent suffers a summer of devastating heat, wildfires and drought. In recent months, …
People Moves: McGriff Restructures Personal Lines Operations; Tinubu Appoints Edwards as Surety COO
Retail broker McGriff said it has restructured its personal lines operations to allow for direct support to the private client sales and service functions within the division, following a period of substantial growth and profitability for the line of business. …