INSURANCE NEWS

Indian Ocean Off Coast of Somalia to Lose ‘High-Risk Area’ Designation as Piracy Drops

The global shipping industry agreed to declassify the Indian Ocean coastline off Somalia as a “high-risk area” following years of successful counter-piracy operations. The change was approved by marine groups including the International Chamber of Shipping and will be operational …
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Russian Coal Exports Effectively Halted by EU Ban, With Re/Insurance as Key Factor

Russian coal exports were effectively halted by a European Union ban on entities within the 27-nation bloc servicing shipments of the fuel to anywhere in the world. Suek JSC, Russia’s largest thermal coal miner, was unable to ship the fuel …
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Judge Dismisses Former Nebraska Officer’s Discrimination Lawsuit

A judge has dismissed the discrimination lawsuit of a former Lincoln, Nebraska Police Department spokeswoman, saying her allegations did not sufficiently prove a hostile work environment. Erin Spilker said in her lawsuit that she faced years of discrimination and that …
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Weather Whiplash: Summer Lurches From Drought to Flood

Parts of northern Texas, mired in a drought labeled as extreme and exceptional, are flooding under torrential rain. In a drought. Sound familiar? It should. The Dallas region is just the latest drought-suffering-but-flooded locale during a summer of extreme weather …
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Baldwin Risk Partners Donates $5M to USF for Insurance Program

Tampa-based Baldwin Risk Partners Group and the family behind it this week announced a $5 million gift to the University of South Florida to boost the school’s risk management and insurance program. It’s the largest gift in the history of …
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Gas Vapors Caused Cape Cod Marina Fire That Ruined 6 Buildings, 47 Vehicles, 14 Boats

Gasoline vapors ignited by spark during a gas tank replacement project on a boat was the likely cause of a major fire at a Massachusetts marina last week that destroyed buildings, vehicles and boats and sent one employee to the …
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Walmart Ordered to Pay Oregon Man $4.4M for Racial Profiling

A Multnomah County grand jury has ordered Walmart to pay $4.4 million in damages to a man who sued the store, saying he was racially profiled and harassed by a Walmart employee at a Portland, Oregon, area store in 2020. …
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Firefighter Sues Rochester Over Party Couple Defends as ‘Anti-Liberal’ Not Racist

ROCHESTER, N.Y. —A Rochester couple who a Black firefighter accused of throwing a racist pool party this summer mocking the Juneteenth holiday said Tuesday that the party was intended to ridicule liberal politicians but wasn’t bigoted. The couple, dentist Nicholas …
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OSHA Cites Maryland Contractor for 136 ‘Willful, Repeat Serious’ Safety Violations

A Maryland residential framing contractor – cited for 136 willful, repeat, serious and other violations in 20 workplace safety inspections since 2020 – continues to expose its workers to falls from elevation, the construction industry’s most lethal hazard, inspectors with …
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Dallas Storm Causes ‘Nominal’ Claims Despite Near-Historic Rainfall

A 1,000-year rain event that brought 10 or more inches of rainfall to parts of North Texas early this week has led to roughly 3,500 property claims, 1,300 auto claims and less than 20 flood claims through the National Flood …
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Uvalde School District, Texas Law Enforcement Could Face $27 Billion Lawsuit

Uvalde school district and a litany of law enforcement agencies could face $27 billion class-action lawsuit over shooting” was first published by The Texas Tribune, a nonprofit, nonpartisan media organization that informs Texans — and engages with them — about …
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St. Louis Police Face Closer Scrutiny Under New Oversight Plan

Eight years after Michael Brown’s death pushed the St. Louis region front and center into the national debate over police accountability, the city’s elected officials and its police associations are at odds over a new oversight plan. St. Louis Mayor …
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