INSURANCE NEWS
California Revokes 17,000 Commercial Driver’s Licenses for Immigrants
California plans to revoke 17,000 commercial driver’s licenses given to immigrants after discovering the expiration dates went past when the drivers were legally allowed to be in the U.S., state officials said. The announcement follows harsh criticism from the Trump …
All 14 Victims Identified in UPS Cargo Plane Crash in Louisville
A grandfather and his young granddaughter. An electrician with two young children. A woman standing in line at a scrap metal business. They were among the 14 people who died in the fiery crash of a UPS plane in Louisville …
Coal Miners’ Respirator Claims Barred by Statute of Limitations, WV Supreme Court Finds
A group of coal miners with lung disease waited too late to sue 3M Corp. and other respirator manufacturers and suppliers, the Supreme Court of West Virginia said this month in upholding lower courts’ findings that the statute of limitation …
NTSB to Decide Probable Cause of Baltimore’s Key Bridge Collapse Next Week
The National Transportation Safety Board will hold a public board meeting next week to determine the probable cause of the contact of the containership Dali with the Francis Scott Key Bridge and subsequent bridge collapse. NTSB’s board is expected to …
Formers Lloyd’s CEO Neal Will Not Join AIG, Company Says
John Neal’s tenure at American International Group (AIG) is over before it began. The former CEO of Lloyd’s of London and AIG reached a “mutual agreement” that he would not join the company due to “personal circumstances,” according to a …
Former Lloyd’s CEO Neal Will Not Join AIG; Hancock to Be General Insurance CEO
John Neal’s tenure at American International Group (AIG) is over before it began. The former CEO of Lloyd’s of London and AIG reached a “mutual agreement” that he would not join the company due to “personal circumstances,” according to a …
Insurers Paid Nearly £200 Million in Cyber Claims for UK Businesses in 2024
Insurers paid £197 million (US$259.2 million) in cyber claims in 2024 for UK businesses – a 230% increase, or £138 million (US$181.6 million) more than in 2023, according to the Association of British Insurers (ABI). Malware and ransomware alone accounted …
BBC Apologizes to Trump, Says No Basis for Defamation Claim
The British Broadcasting Corp. issued a formal apology to Donald Trump on Thursday over the misleading edit of the US president’s speech in a documentary program late last year, but rejected his demands for compensation. BBC Chairman Samir Shah sent …
BBVA Hires Adviser to Review Bancassurance Partnership in Turkey
BBVA SA is reviewing its insurance partnership in Turkey as its current agreement with Eureko Sigorta AS is set to expire, according to people familiar with the matter. BBVA is considering various options including a new partnership for its local …
BHP Liable for 2015 Brazil Dam Collapse, UK Court Rules, in Mammoth Lawsuit
BHP is liable for the 2015 collapse of a dam in southeastern Brazil, London’s High Court ruled on Friday, in a lawsuit the claimants’ lawyers previously valued at up to 36 billion pounds ($48 billion). Hundreds of thousands of Brazilians, …
Kansas County to Pay $3M and Apologize Over a Raid on a Small-Town Newspaper
TOPEKA, Kan. (AP) — A rural Kansas county has agreed to pay a little more than $3 million and apologize over a law enforcement raid on a small-town weekly newspaper in August 2023 that sparked an outcry over press freedom. …
Chevron Picks Texas for First AI Data Center Power Project
Chevron Corp. chose West Texas as the site of its first project to provide natural gas-fired power to a data center, the beginning of a new line of business for the oil giant to capitalize on the boom in artificial …