INSURANCE NEWS
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 …
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 …