INSURANCE NEWS
Southern California Evacuations Prompted by Rains and Mudslides
Thousands of residents were under evacuation and shelter-in-place orders early Tuesday after heavy rains unleashed mudslides in a mountain area east of Los Angeles that burned two years ago, sending boulders and other debris across roads. Firefighters went street by …
Lawsuit Alleges Child Marriage, Rape in Utah Sect
Women who were members of a Utah polygamous group said in a lawsuit that they were forced into underage marriages in which their husbands raped them and that they had to perform child labor in the group’s businesses. The northern …
Colorado River Nearing Crisis Point 100 Years After Compact
The intensifying crisis facing the Colorado River amounts to what is fundamentally a math problem. The 40 million people who depend on the river to fill up a glass of water at the dinner table or wash their clothes or …
Ports in Eastern China at Standstill as Typhoon Muifa Closes In
Authorities in China’s eastern province of Zhejiang ordered ships to return to port, told schools to close and evacuated tourists from nearby islands, as one of this year’s strongest typhoons is set to make landfall on Wednesday. Typhoon Muifa intensified …
People Moves: Son Assumes Cross Insurance President, CEO Roles From Father; Risk Strategies Adds Fulse, Trimarchi
Cross Insurance Names Jonathan Cross President and CEO Cross Insurance, one of the largest independent insurance providers in the Northeast, has named Jonathan Cross president and chief executive officer. The family-owned and operated insurance agency is headquartered in Bangor, Maine. …
Watchdog: Chemical Safety Agency Impeded by Staff Shortage
The federal agency that investigates chemical accidents is hindered by a lack of staffing, leadership disputes and a backlog of investigations that threaten its ability to protect people and the environment, according to a new report by a federal watchdog. …
Uber Pays New Jersey Back Taxes of $100M Over Driver Employment Classification
Uber Technologies Inc. said on Monday it back-paid New Jersey $100 million in unemployment taxes over classifying drivers as contractors, but added that it did not agree with the state’s view that drivers were “employees.” Uber also said it only …
Connecticut Trial Begins for Alex Jones in Sandy Hook Hoax Case
A month after losing one nearly $50 million verdict, conspiracy theorist Alex Jones is set to go on trial a second time for calling the Sandy Hook Elementary School shooting a hoax and causing several of the victims’ families emotional …
Catalina Gets Lloyd’s ‘in Principle’ Approval to Launch Asta-Managed Syndicate 3232
Asta, the third-party managing agent at Lloyd’s, and Bermuda-based Catalina Group, a global provider of legacy reinsurance and capital solutions, announced that Lloyd’s have granted “in principle” approval of a new syndicate to underwrite reinsurance-to-close (RITC) transactions, within the Lloyd’s …
Google Faces Damages Claims of $25.4B in UK, Dutch Courts Over Adtech Practices
Alphabet unit Google will face damages claims for up to 25 billion euros ($25.4 billion) over its digital advertising practices in two suits to be filed in British and Dutch courts in the coming weeks by a law firm on …
Georgia Shrimpers, Businesses File Suits Over Capsized Cargo Ship Pollution
Fishermen, shrimpers and business owners dependent on coastal tourism have filed lawsuits over pollution caused when a cargo ship capsized off the Georgia coast in 2019. The two federal lawsuits filed last week in Georgia say the pollutants released by …
Retirees Who Invested in Lindberg Firms Wonder if They’ll Ever See Their Money
A legal fight between indicted billionaire Greg Lindberg’s insurance companies and the state insurance commissioner is now in its fourth year, as the two sides battle over $1.2 billion and allegations of bribery and fraud. WRAL.com, part of a Raleigh, …