INSURANCE NEWS
Maryland AG Files Environmental Complaint Against Recycling Firm for Open Dumps
Maryland Attorney General Anthony G. Brown has filed a civil complaint, on behalf of the Maryland Department of the Environment, against World Recycling Co. and three related entities (WRC). The complaint, filed in the Circuit Court for Prince George’s County, …
Tesla Confirms Nevada Expansion to Make More Electric Trucks
Tesla confirmed it intends to invest $3.6 billion to expand its manufacturing capabilities in Nevada for “high-volume” production of electric semi-trucks and make enough cell batteries for 2 million light-duty vehicles annually. Nevada Gov. Joe Lombardo had said during his …
Virginia Teacher Lawyer: Administrators Were Warned 3 Times Boy Had Gun
NEWPORT NEWS, Va. (AP) — Concerned staff warned administrators at a Virginia elementary school three times that a 6-year-old boy had a gun and was threatening other students in the hours before he shot and wounded a teacher, but the …
Light Earthquake Confirmed in Southern California
A light earthquake centered offshore gave Southern California an early morning wake-up call Wednesday, the U.S. Geological Survey confirmed. There were no reports of damage. The 2 a.m. quake occurred beneath the ocean 10.6 miles south of Malibu, the USGS …
Sentry Tournament of Champions Opens PGA 2023 Calendar
The PGA Tour 2023 calendar year teed off in Kapalua, Hawaii earlier this month with the Sentry Tournament of Champions, sponsored by Sentry Insurance. The tournament marked the first of 13 new elevated PGA Tour events this year with increased …
Swiss Re’s CUO Léger Appointed CEO of SCOR, as Rousseau Steps Down
The SCOR Board of Directors has appointed Swiss Re’s Chief Underwriting Officer Thierry Léger as chief executive officer of SCOR. Léger will take up his post as CEO of SCOR with effect from May 1, 2023. has 25 years of …
Acrisure Re’s Facultative Team Expands Into Poland Via Partnership With Smartt Re
Acrisure Re, the re/insurance division of top-10 global insurance broker and fintech platform Acrisure, announced that its facultative team has signed a preferred partnership broker agreement with Smartt Re, specifically for Central Eastern European (CEE) facultative business, effective immediately. Headquartered …
OSHA Fines 2 Ohio Metal Casting Facilities For Mixing Water And Molten Material
With proper training, people working in metal casting facilities know that mixing water and molten material can be a serious, if not deadly mistake, as tragic incidents at two Ohio companies in 2022 showed. On July 10, the combination of …
NRA Sues Over Illinois Two-Week-Old Ban on Semiautomatic Weapons
SPRINGFIELD, Ill. (AP) – Illinois’ two-week-old ban on semiautomatic weapons outlaws “ubiquitous” firearms in “radical” defiance of the Constitution’s Second Amendment, a federal lawsuit filed by the National Rifle Association Tuesday claims. The powerful NRA joined a parade of gun-rights …
Britain Sounds Alarm on Russia-Based Hacking Group
A Russia-based hacking group named Cold River is behind an expansive and ongoing information-gathering campaign that has struck various targets in government, politics, academia, defense, journalism, and activism, Britain said on Thursday. In an advisory, the National Cyber Security Centre …
Madison Square Garden Ban on ‘Enemy Lawyers’ Prompts Legislation, AG Inquiry
New York City’s Madison Square Garden and other sports venues would be barred from refusing entry to perceived enemies of their owners under a bill introduced to the state Legislature Monday. The proposed legislation comes after the company that owns …
Koch Industries Gets $2.5B in Dividends From Unit That Offloaded Asbestos Liability
Industrial conglomerate Koch Industries received nearly $2.5 billion in dividend payments last year from its Georgia-Pacific unit, which had spun off a subsidiary that took on its liability from asbestos litigation and then filed bankruptcy to limit lawsuit payouts, according …