INSURANCE NEWS
People Moves: Jeter to Lead NFP Aviation Specialty Practice
NFP Hires Jeter to Lead Aviation Specialty Practice Insurance broker NFP has hired Josh Jeter as a senior vice president and aviation specialty practice leader in the company’s aviation industry group. Jeter comes to NFP from Gallagher, where he served …
Eastman Chemical Resins to Pay $2.4M for Environmental Violations in Pennsylvania
Eastman Chemical Resins Inc. will pay a $2.4 million penalty for environmental violations at the sprawling 56-acre manufacturing facility in West Elizabeth, Pennsylvania, that is now owned and operated by Synthomer Jefferson Hills, the Environmental Protection Agency announced. Along with …
Dutch Watchdog Probes Alleged Tesla Data Breach
The data protection watchdog for the Netherlands said on Friday it was aware of possible Tesla data protection breaches, but it was too early for further comment. Germany’s Handelsblatt reported on Thursday that Elon Musk’s Tesla had allegedly failed to …
Report Alleges Workers’ Compensation Abuse in New York Correctional Unit
A report by the New York State Inspector General alleges “egregious” abuse of workers’ compensation loss wage benefit provisions by state corrections and institution safety officers. The report blames a 2016 labor agreement with the state’s correction agency’s Security Services …
Georgian Billionaire Wins $926M From Credit Suisse After Fraud
Credit Suisse was ordered to pay $926 million to Georgia’s former prime minister on Friday for losing part of his fortune, in a Singapore court ruling that represents one of the biggest legal awards made against the bank. Singapore’s International …
OSHA Wins Trademark Battle Against Safety Consulting Firm’s Logo
A workplace safety consulting firm will stop using the OSHA acronym and a stylized similar to the federal government’s trademarked Occupational Safety and Health Administration acronym and logo under an agreement approved by a federal judge. The government sued to …
Reuters: Lloyd’s Register Drops Ships of Top Indian Carrier of Russian Oil
Lloyd’s Register has told India’s Gatik Ship Management, which has become a major carrier of Russian oil since the Ukraine war, that it will withdraw certification of 21 of its vessels by June 3, the maritime services company told Reuters. …
Rhode Island AG Sues Manufacturers of Forever Chemicals
Rhode Island Attorney General Peter F. Neronha yesterday filed a lawsuit against the manufacturers of per- and polyfluoroalkyl substances, commonly referred to as PFAS, for allegedly causing significant harm to the residents and natural resources of Rhode Island. The suit …
Climate Alliance Sounds Alarm on ‘Political Attacks’ on Insurers
“Political attacks” are interfering with insurers’ efforts to price climate risks, the Glasgow Financial Alliance for Net Zero said on Friday, after a wave of insurers quit an industry climate group following pressure in the United States. “These political attacks …
Judge Greenlights JPMorgan Lawsuit Blaming Ex-Executive in Jeffrey Epstein Scandal
A federal judge said Wednesday that he won’t block JPMorgan’s legal efforts to blame a former executive of hiding Jeffrey Epstein’s decades-long sex abuse to keep the financier as a client. Judge Jed Rakoff in Manhattan denied requests by lawyers …
IIHS: Rear Passengers in Small Cars at Higher Risk of Internal Injuries
A new crash test, conducted by the Insurance Institute for Highway Safety (IIHS), revealed poor ratings for all small cars tested. In all five vehicles tested, the rear dummy submarined beneath the seat belt, causing the lap belt to slide …
California Commissioner Issues Decision on Workers’ Comp Regulatory Filing
California Insurance Commissioner Ricardo Lara issued a decision this week regarding the Workers’ Compensation Insurance Rating Bureau of California’s Sept. 1, 2023 regulatory filing. The Commissioner approved all of the WCIRB’s proposed changes to: the California Workers’ Compensation Uniform Statistical …