INSURANCE NEWS
Ex-Gov. Wilder Drops Lawsuit Against Virginia Commonwealth University Leaders
Former Virginia Gov. Doug Wilder has withdrawn a lawsuit he filed against leaders of Virginia Commonwealth University following a public personnel dispute in which Wilder had pushed for the firing of an employee he accused of threatening him. Wilder filed …
PwC Sued by Auditor Over Head Injury Suffered During ‘Pub Golf’ Work Event
An auditor at PricewaterhouseCoopers LLP sued his employer over a serious head injury he suffered during a work event that “encouraged excessive consumption of alcohol.” Michael Brockie alleges in London suit that PwC failed to ensure his safety by allowing …
Lloyd’s Insurer Ascot, Marsh Provide Coverage for Grain Ship Sailing From Ukraine
Broker Marsh and Lloyd’s of London insurer Ascot said on Tuesday they have provided coverage for a vessel carrying grain and food products from Ukraine’s Black Sea ports under its new marine cargo and war insurance facility. Launched last month, …
3M Awaits Bankruptcy Ruling That May Sink Litigation Tactic
3M Co.’s attempt to block jury trials of more than 230,000 lawsuits accusing it of harming US soldiers faces a key test this week in front of a federal judge in Indianapolis. US Bankruptcy Judge Jeffrey J. Graham is set …
COVID Impacts Linger in Courtrooms, Often a Disadvantage for Defendants
Courts have reopened and trials have resumed, but the impacts of COVID-19 continue to linger in the judicial system, a panel of claims litigation experts said during the Combined Claims Conference on Thursday. For one thing, jurors are far more …
North Carolina Rate Bureau Wants 43% Hike in Dwelling Rates for 2023-24
The North Carolina Rate Bureau has recommended a statewide average increase of 42.6% over the next two years for dwelling property policies. The rate hikes would be an average of 19.6% for April 2023 and 19.2% for 2024, the bureau’s …
FIGA to Extend Assessment, Due to Southern Fidelity, Weston Failures
Thanks to the mounting number of insolvencies of Florida property insurers in the last two years, the Florida Insurance Guaranty Association will have to borrow $150 million and extend a surcharge on policies through 2023. The FIGA Board of Directors …
Lloyd’s Owes $3M in Prejudgment Interest for Late Payment of D&O Claim
Lloyd’s of London underwriters must pay more than $3 million in pre-judgment interest in addition to the $10 million the syndicate has already paid in damages for the wrongful acts of the former directors of a bank that was declared …
Louisiana Woman Pleads Guilty to FEMA Fraud
Schshinetia Anderson, age 44, a resident of Slidell, Louisiana, pled guilty on August 11, 2022 to FEMA fraud announced U.S. Attorney Duane A. Evans. The defendant is scheduled to be sentenced before the Honorable Mary Ann Vial Lemmon on November …
Lawsuit Alleges Archdiocese of New Orleans Discriminates Against Disabled
Catholic church officials in New Orleans are accused in a class-action lawsuit of discriminating against children with disabilities. WWL-TV reports that the lawsuit says the Archdiocese of New Orleans illegally asks questions about student’s disabilities on application forms and fails …
Missouri Home Explosion Death Toll Grows to 3
A young mother is the third member of her family to die in a gas explosion at her Missouri home, authorities said last Friday. Myranda Gale Golden, 22, was hurt Monday when her home in the far southern Missouri town …
People Moves: Liberty Mutual Names Former CNA Exec as President, GRS N. America; AXA XL Boosts Cyber Insurance Team in N. America With 3 Hires
Liberty Mutual Names Former CNA Exec as President, GRS North America Liberty Mutual Insurance announced the appointment of Kevin Smith as president of Global Risk Solutions (GRS) North America. Reporting to GRS President Neeti Bhalla Johnson, Smith will be accountable …