INSURANCE NEWS
Russian Airlines Explore Buying Stranded Jets From Western Leasing Firms
Russian airlines have held exploratory talks with at least one major Western leasing firm about using state funds to buy some of the more than 400 aircraft stranded in Russia after its invasion of Ukraine, according to documents and sources. …
President Biden Approves Emergency Declaration for New York Counties
President Joe Biden has approved New York Governor Kathy Hochul’s request for a federal emergency declaration as a result of the historic winter storm that continues to impact the Western ad North Country regions of the state. The storm brought …
Japan Urges Its Insurers to Retain Marine War Cover for LNG Shippers in Russian Waters
The Japanese government has asked insurers to take on additional risks to continue providing marine war insurance for liquefied natural gas (LNG) shippers in Russian waters, a senior official at the industry ministry said. The Financial Services Agency and Agency …
U.S. Judge Bars 3M From Shifting Earplug Liability to Bankrupt Unit
A U.S. judge on Thursday [Dec. 22] barred 3M Co. from trying to avoid liability for injuries current and former U.S. military members sustained from its allegedly defective earplugs by shifting blame to a subsidiary. U.S. District Judge M. Casey …
Government Funding Bill to Bolster U.S. Antitrust Regulators
A $1.7 trillion government funding bill approved by the U.S. Senate Thursday will bolster U.S. regulators and make it easier for states to bring antitrust lawsuits. The Federal Trade Commission (FTC), which has a number of major technology investigations underway, …
Facebook Parent Meta to Settle Cambridge Analytica Scandal Case for $725M
Facebook owner Meta Platforms Inc. has agreed to pay $725 million to resolve a class-action lawsuit accusing the social media giant of allowing third parties, including Cambridge Analytica, to access users’ personal information. The proposed settlement, which was disclosed in …
Florida Claims Attorney Strems Disbarred, Public Adjuster’s License Could be Revoked
Florida officials have taken strong action against two of the insurance industry’s most-detested adversaries, disbarring a notorious plaintiffs’ attorney who filed thousands of frivolous claims lawsuits, and moving to revoke the license of a public adjuster that obstructed insurers in …
Alex Jones Loses Bid to Have Sandy Hook Verdict Set Aaide
A Connecticut judge on Thursday denied Infowars host Alex Jones’ motion seeking a new trial and the overturning of a jury verdict requiring him to pay hundreds of millions of dollars to families of victims of the Sandy Hook Elementary …
New Jersey Gov. Murphy Signs Gun Carry Bill
New Jersey Gov. Phil Murphy on Thursday signed an overhaul to the rules to get a firearm carry permit, legislation that was spurred by this summer’s U.S. Supreme Court ruling expanding gun rights. “While we are bound to follow the …
Title Insurer Stewart Agrees to $2.5M ‘No-Poaching’ Settlement With New York
New York Attorney General Letitia James announced a settlement with one of the largest title insurance underwriters, Stewart Title Guaranty Corp., ending non-competitive no-poach agreements between Stewart and its competitors. As a result of this agreement, Stewart said it will …
Baltimore Police Say Carjackers Targeting Rideshare Drivers
Police in Baltimore are investigating dozens of rideshare carjackings and robberies over the past month but have seen more cases despite several arrests, Police Commissioner Michael Harrison said Wednesday. In many cases, an active rideshare driver’s car and phone are …
Lawsuits Alleging Maine Church Knew About Sex Abuse Now Number 14
Two more people have filed lawsuits alleging sexual abuse by a Roman Catholic clergy member and a nun — both deceased — raising the number to over a dozen since Maine loosened the statute of limitations last year. One of …