INSURANCE NEWS

California Schools Paying $52M in Suit Over Coach Sex Assaults

Lawyers for children who were sexually assaulted by a high school wrestling coach have settled a lawsuit with the Los Angeles Unified School District for $52 million, they announced. Attorneys for more than a dozen children and their families announced …
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Oldest Black-Owned Insurance Company Goes Quietly into Liquidation

After more than 120 years, the oldest black-owned insurance company in the United States has all but come to an end, and will soon be liquidated. North Carolina Mutual Life Insurance Co., which began in 1898 and whose iconic headquarters …
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New Jersey Eyes Gun Carry Legislation Including Insurance Requirement

New Jersey Democrats say they are going to take a shot at passing new gun legislation similar to New York’s even thought that state’s law is facing a court challenge. Assembly Speaker Craig J. Coughlin and Senate President Nick Scutari, …
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Flash Floods Again Lash Southeast Australia, Forcing Evacuations

Thousands of people across Australia’s southeast were asked to evacuate their homes on Friday, including some in a western suburb of Melbourne, after two days of incessant rains triggered flash flooding and fast-moving waters burst river banks. Large parts of …
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Plastic Pollution Could Trigger $20 Billion in Lawsuit Payouts

Litigation could cost the plastics industry and its insurers $20 billion in the US over the next eight years, according to a report backed by the United Nations and an Australian billionaire. Companies including petrochemical and consumer goods firms may …
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Andy Warhol, Prince at Center Stage in Supreme Court Case

Andy Warhol and Prince held center stage in a copyright case before the Supreme Court on Wednesday that veered from Cheerios and “Mona Lisa” analogies to Justice Clarence Thomas’ enthusiasm for the “Purple Rain” showman. Despite the light nature of …
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Illinois Home Warranty Company to Pay $175K in Disability Discrimination Settlement

Pivotal Home Solutions, a home warranty company headquartered in Naperville, Illinois, will pay $175,000 and furnish other relief to settle a disability discrimination lawsuit brought by the U.S. Equal Employment Opportunity Commission (EEOC), the federal agency announced According to the …
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World’s Big Polluters Promise Net-Zero but Most Have Little to Show: Report

When it comes to net-zero, a lot of companies are more talk than action. That’s the conclusion of a new report from Climate Action 100+, an investor alliance with combined assets of more than $68 trillion, which shows that promises …
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Europe, U.S. East Coast Likely to Avoid Unusually Cold Winter: Climate Model

Europeans and people living on the US East Coast are more likely to experience mild temperatures than a deep freeze this winter, easing any potential heating-fuel constraints at a time when energy costs are soaring. Scientists at the Copernicus Climate …
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Indiana Mayor’s Blood Alcohol was Twice State Limit When He Struck Car

The mayor of Indiana’s second-largest city had a blood alcohol reading nearly twice the state’s limit for driving when he was arrested over the weekend for drunken driving, court records show. Fort Wayne Mayor Tom Henry’s blood alcohol level was …
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Michigan Man Arrested for Setting 25 Trucks on Fire in 8 States

A Michigan man has been arrested on a federal criminal complaint alleging he set 25 fires on semitrailers in eight states over more than two years, all belonging to the same trucking company, prosecutors said Wednesday. Viorel Pricop, 64, of …
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Four in Five of World’s Cities at Risk From Heat Waves, Floods, Droughts: Study

Four in five cities across the world are facing significant climate hazards such as heat waves, floods and droughts, data from environmental disclosure non-profit CDP showed on Thursday. CDP’s report “Protecting People and the Planet” surveyed 998 cities from across …
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