INSURANCE NEWS
Sinkhole Opens in California, Nearly Swallows Fire Engine
A water main burst under a Hollywood street in California, creating a sinkhole that almost swallowed a fire engine and showering a home with so much water the roof collapsed, the Los Angeles Fire Department said. Flooding was reported around …
Appeals Court Upholds Sanctions Against Florida Insurance Defense Attorney
A Florida appeals court has issued a sharp rebuke to an insurance defense attorney, upholding sanctions and charging that he has engaged in a pattern of conduct designed to trigger mistrials. Dale Gobel, of Orlando, made “intentionally misleading and deceptive …
People Moves: Connecticut Department Names Callanan as General Counsel; Hanover Appoints Williams E&S President
Connecticut Insurance Department Names Callanan as General Counsel Connecticut Insurance Commissioner Andrew N. Mais has named Jane Callanan, of Wallingford, his department’s new general counsel. Before taking on this newest role, Callanan was in private practice with Willkie Farr & …
NLRB Allows Union Vote at Nissan Plant in Tennessee
Fewer than 100 employees out of the thousands who work at Nissan’s auto assembly plant in Tennessee can hold a vote on whether to form a small union, the federal labor board has decided. The ruling last week by the …
Ascot Names Zaffino as Group President & CEO, Following Retirement of Brooks
Ascot Group announced the appointment of Jonathan Zaffino as group president & chief executive officer (CEO), following the retirement of Andrew Brooks, effective immediately. Zaffino will also join the Board of Directors, while Brooks will continue to serve as a …
Justice Department Scrutinizes Child Welfare Algorithm for Possible Bias
The Justice Department has been scrutinizing a controversial artificial intelligence tool used by a Pittsburgh-area child protective services agency following concerns that it could result in discrimination against families with disabilities, The Associated Press has learned. The interest from federal …
Hackers Who Breached ION Say Ransom Has Been Paid; Company Declines Comment
The hackers who claimed responsibility for a disruptive breach at financial data firm ION say a ransom has been paid, although they declined to say how much it was or offer any evidence that the money had been handed over. …
UK Engineering Company Vesuvius Hit by Cyber Attack
UK engineering company Vesuvius Plc said it’s managing a cyber-security incident involving unauthorized access to its systems. The molten metal flow control firm has shut down affected systems and initiated steps to assess the scale of the attack, it said …
Powerful Earthquakes Hit Turkey and Syria, Killing More Than 1,000 People
Some of the most powerful earthquakes in decades hit the Middle East on Monday, killing more than 1,000 people in Turkey and Syria, and forcing a halt in crude oil flows to a key export terminal. A first 7.7 magnitude …
Corporate Financial Health to Worsen Across the Globe, Janus Henderson Says
Corporate financial health will worsen across the globe this year, failing to gain respite from signs that inflation has peaked and hopes for an economic soft landing, asset manager Janus Henderson said in a report released on Monday. Its global …
‘Shadow Fleet’ of Tankers Transporting Russian Oil Swells to 600 Ships: Trafigura
The “shadow fleet” of ships that transport Russian oil around the world has expanded to around 600 tankers, according to trading giant Trafigura. About 400 crude oil vessels, or 20% of the global fleet, have “switched” from mainstream trades to …
Factbox: Here Are Main Elements of New G7-Led Price Cap on Russian Oil Products
The Group of Seven rich nations, the European Union and Australia have set price caps for Russian diesel and other refined petroleum products to keep markets supplied while limiting Moscow’s revenues when an EU embargo kicks in. The EU measure, …