INSURANCE NEWS
Nationwide E&S Strikes Out in Move for $1.4M Contribution to Injury Settlement
Nationwide E&S/Specialty is not entitled to be reimbursed by Mt. Hawley Insurance and Lloyd’s for part of a $2.725 million payment it contributed as the excess/surplus insurer to settle a personal injury suit. A New York appellate panel has found …
US, UK Sanction Russians Tied to TrickBot Hacking Gang
The US and UK have imposed sanctions on seven alleged members of a Russia-based cybercrime gang, the first such joint action from the two countries. The sanctions target accused members of TrickBot ransomware group, which officials say developed a virus …
Appeals Arguments Begin in Boy Scouts of America Bankruptcy
An attorney for some insurance companies that could be liable for child sexual abuse claims against the Boy Scouts of America urged a judge Thursday to reverse a bankruptcy plan for the organization, arguing collusion with claimants’ lawyers to pressure …
Plane Being Towed at Los Angeles Airport Collides With Shuttle Bus, Injuring Five
An airline jet being towed on a taxiway collided with a shuttle bus at Los Angeles International Airport, injuring five people. The Federal Aviation Administration said that it is investigating the incident involving an American Airlines Airbus A321 jet. There …
Gas Pipeline to Las Vegas Resumes Operating After Shutdown That Interrupted Homes and Businesses
A pipeline facility in California that was forced to shut down deliveries of gasoline and diesel from the Los Angeles area east to areas including Las Vegas and Phoenix due to a leak, resumed operations over the weekend, according to …
Southern California Edison Sued by City for Damaging Wildfire
A city claims in a lawsuit that Southern California Edison equipment ignited a damaging wildfire last fall. The lawsuit filed on behalf of the city of Hemet claims that the utility did not manage its electrical power lines and failed …
Florida Citrus, Hit by Storms and Fungus, Now Faces a Butterfly from the Caribbean
The lime swallowtail butterfly — an invasive species that hails from Asia and which has damaged citrus trees throughout the Caribbean for nearly 20 years — has now reached Florida. The Papilio demoleus Linnaeus butterfly is fairly large, with a …
Kentucky Governor Says Storm Relief Fund ‘Open Book’ for Review
Donations that poured into a tornado relief fund started by Kentucky’s Democratic governor have been spent or pledged, but Republicans are pushing for greater legislative oversight after reports surfaced that some checks went to people unaffected by the tragedy. Gov. …
More Than 100 Firefighters Battled Huge Industrial Site Fire in North Carolina
More than a dozen fire departments responded to a massive fire early Saturday at an industrial site in Wayne County, North Carolina. County officials say the blaze, with flames as high as a three-story building at one time, was reported …
Howden’s Aston Lark to Acquire UK Broker Allegiance Insure
Aston Lark, a Howden company, announced it has agreed terms to acquire the independent broker Allegiance Insure Ltd. Financial details of the deal were not disclosed. London-based Allegiance Insure was established by Charles Wintour in 2015. The company specializes in …
Court Orders Nestlé to Pay $2.2 Million to Bullied Former Executive
Nestlé SA must pay a former executive 2 million Swiss francs ($2.16 million) after she was bullied and forced out of the company, the newspaper Tages Anzeiger reported, citing a local appeals court ruling. The Canton of Vaud Court of …
Maersk Sues Evergreen in Danish Court Over 2021’s Suez Canal Blockage
Shipping group Maersk said on Monday it had filed a lawsuit against the owner and operator of container ship Ever Given, which blocked the Suez Canal for six days in 2021, claiming compensation for delays caused by the incident. The …