INSURANCE NEWS
Albany Diocese Files for Bankruptcy Protection Amid Sex Abuse Litigation
The Roman Catholic Diocese of Albany has filed for Chapter 11 bankruptcy protection in New York as it, like other dioceses in the state, faces hundreds of lawsuits by survivors of sexual abuse by priests. Bishop Edward B. Scharfenberger of …
People Moves: Gallagher Promotes Kent to Lead Global Insurance Strategic Relationships; Wakefield Named CEO of Gallagher Re
Gallagher, the insurance brokerage, risk management and consulting services firm, announced that James Kent, currently global CEO of Gallagher Re, has been promoted to a new role with Gallagher as CEO, Global Insurance Strategic Relationships. In this role, Kent will …
People Moves: QBE North America Promotes Foley to Pres. Commercial Insurance; Browne to Lead AGCS Specialty Business
QBE North America Promotes Foley to President of Commercial Insurance QBE North America has promoted Michael Foley to president, commercial insurance. Foley will be responsible for planning, directing, and executing the vision for lines of business, including middle market, commercial …
Texas Oil & Gas Company Filed $39K After Employee Suffers Fatal Exposure
Federal investigators found an oil and gas company employee suffered fatal exposure to hydrogen sulfide while working near a sump pit in September 2022. The U.S. Department of Labor’s Occupational Safety and Health Administration issued citations to Production Waste Solutions …
Nebraska School to Pay $1M After Boy Who Ate Teacher’s Snack Died
PAPILLION, Neb. (AP) – A Nebraska school district has agreed to pay $1 million to the family of an eighth grader who died after eating a granola bar given to him by a teacher. The Papillion La Vista school board …
Crews Clean Up After UP Train Derails in Kansas
MCPHERSON, Kan. (AP) – Crews continued to clean up after a train derailment a day earlier in McPherson that spilled denatured alcohol and caused a grass fire. Officials said 13 cars of the Union Pacific train came off the tracks …
Honda Recalling 500,000 Vehicles to Fix Seat Belt Problem
Honda is recalling a half-million vehicles in the U.S. and Canada because the front seat belts may not latch properly. The recall covers some of the the automaker’s top-selling models including the 2017 through 2020 CR-V, the 2018 and 2019 …
Mexico Launches Appeal in Suit Against U.S. Gun Makers
Mexico has filed an appeal in a civil lawsuit against U.S.-based gun manufacturers, it said on Wednesday, looking to crack down on the trafficking of weapons to powerful drug cartels. A U.S. judge in September dismissed the $10 billion lawsuit …
Carolina Town to Phase Out Golf Carts on Streets; Florida Lawmakers Want Age Limit
A beach town in North Carolina is cracking down on golf carts on city streets, after the number of carts, unlicensed drivers and accidents has grown in recent years. The Port City Daily newspaper reported that the town council of …
Dutch Court Finds Facebook Misused Data in Class Action Lawsuit
A Dutch court hearing a class action lawsuit on Wednesday found that a European subsidiary of Meta, Facebook Ireland, improperly used personal data of Dutch citizens between 2010 and 2020, saying the company had “violated the law.” “Personal information was …
Credit Suisse’s String of Crises: Spies, Money Laundering, Central Bank Cash
Credit Suisse is to borrow up to $54 billion from the Swiss central bank to bolster liquidity and reassure investors after its shares slumped on fears of contagion from a banking crisis in the United States. The central bank lifeline …
Georgia Firefighter Charged with Arson of His Own Home After Filing $700,000 Claim
One year after Georgia volunteer firefighter Todd Anthony said a kitchen fire burned down his house and he filed a $700,000 insurance claim, authorities have charged the man with arson. Anthony, 56, of Greensboro, was arrested and charged with insurance …