INSURANCE NEWS
Tanker in Yellowstone Spills Nearly 5,000 Gallons of Gasoline
A tanker truck hauling gasoline in Yellowstone National Park rolled over and spilled an estimated 4,800 gallons, officials said. An investigation was underway to determine whether any of the unleaded gas entered an area creek. The truck’s driver lost control …
Report Questions Lydecker’s Appointment to Florida Citizens Insurance Board
Three months after Charlie Lydecker was appointed to the Florida Citizens Property Insurance Corp. Board of Governors, some are questioning that appointment after his involvement with another, highly criticized program that provides care for brain-injured children. The Miami Herald newspaper …
Berkshire Unit Sued Over California’s Largest Wildfire of Season
A Berkshire Hathaway Inc. unit was sued for allegedly causing California’s largest wildfire of the year, which killed four people and destroyed almost 200 structures near the Oregon border. The complaint against PacifiCorp, a power utility based in Portland, Oregon, …
Confusion About ESG Prompts EU Watchdog to Urge Rethinking of Rules
Europe’s markets watchdog is calling for a rethink of the region’s ESG investing rulebook after finding that the existing framework is being misinterpreted. At issue is the tendency of fund managers and their clients to treat the EU’s disclosure regime …
Cyber MGA At-Bay Acquires Tech-Solutions Provider Relay
At-Bay, the San Francisco-based managing general agent, announced the acquisition of Relay, a technology solutions provider that enables the digital transformation of commercial insurance placements. Financial details of the transaction were not disclosed. Founded in 2019, Relay has built a …
Jury Awards Virginia Landlord $50K Over Being Tasered in False Arrest
A jury has awarded $50,000 to a northern Virginia landlord who was shot three times with a stun gun when sheriff’s deputies wrongly arrested him following a tenant’s complaint. Matthew Souter, 57, of The Plains, Virginia, was arrested at his …
Cause of New York Injury Lawyer’s Fatal Plane Crash Still Under Investigation
Federal investigators haven’t been able to determine why a prominent personal injury attorney lost control of his plane and crashed in 2020, killing him and a passenger. The crash near Corfu, about 15 miles (24 kilometers) east of Buffalo, killed …
Huge Fire Ruins Boats, Buildings, Vehicles at Cape Cod Marina
A huge fire at a Massachusetts marina turned several boats, buildings and vehicles into burned-out shells Friday, producing a plume of black smoke so thick it was picked up by weather radar. Aerial video taken by WCVB-TV showed much of …
Couple’s Lawsuit Claims Black and White Bias in Home Appraisals
How much does it pay to hide the photos of your family at your home, or anything else that shows your race? If you’re Black and trying to find out how much your house is worth, one family suggests it …
Former Virginia Deputy Attorney General Sues After Losing Job Over Jan. 6 Comments
A former deputy Virginia attorney general who says she was fired over social media posts in which she praised the Capitol rioters as “patriots” and falsely claimed Donald Trump won the 2020 election is suing the attorney general’s office for …
China Extends Industrial Power Cuts as Drought, Heatwave Threaten Wider Disruptions
Sichuan’s worst drought in more than a half century spurred the Chinese province to extend industrial power cuts and activate its highest emergency response, adding to manufacturers’ woes as they shut down factories in the region. Temperatures above 40 degrees …
Japanese Chemical Tanker Crashes Into Cargo Ship off Coast of Japan
A Japanese chemical tanker ship crashed into a cargo ship off the coast of southwestern Japan, the coast guard said Saturday. No one was injured among the six Japanese crew members aboard the tanker Ryoshinmaru and 14 Chinese crew members …