INSURANCE NEWS
J&J’s Bankruptcy Effort Fails Supreme Court Test, Holdouts Say
Johnson & Johnson’s third effort to end lawsuits claiming its baby powder caused thousands of women to get cancer should be dismissed because it violates US Supreme Court precedent and twists the purpose of the American bankruptcy system, holdout creditors …
Investigation Underway for Louisiana Chemical Plant Fire That Injured 3
GEISMAR, La. (AP) — Two people were injured Thursday after a fire at a chemical plant in Louisiana, officials said. It happened at the Chevron Renewable Energy Group plant in Geismar, about 66 miles (106 kilometers) west of New Orleans, …
Michigan Manufacturer Sued for Unlawful Termination of Employee Due to Disability
Navitas Systems, LLC., an Ann Arbor, Michigan-based company specializing in comprehensive energy storage solutions and battery manufacturing, violated federal law by using an unlawful company policy to deny a reasonable accommodation to an employee with a disability, and then terminated …
CAC Group Acquires Media Guarantors in California
CAC Group acquired Media Guarantors in Hollywood, California. Janet Comenos will assume the role of entertainment practice leader at CAC Group. Fred Milstein, president and CEO of Media Guarantors, will continue to lead the firm under the new structure. Media …
FBI Boards Vessel Managed by Firm That Operated Ship Blamed for Bridge Collapse
Federal agents on Saturday boarded a vessel managed by the same company as a cargo ship that caused the deadly Baltimore bridge collapse, the FBI confirmed. In statements, spokespeople for the FBI and the U.S. Attorney’s Office in Maryland confirmed …
MGU Fidelis Partnership Completes $2B Refinancing to Support Growth Strategy
The Fidelis Partnership (TFP), the Bermuda-headquartered managing general underwriter, announced the successful completion of a $2 billion refinancing transaction. Led by Blackstone Credit & Insurance, the transaction marks a significant milestone for The Fidelis Partnership, which in January 2023 separated …
Police Chase Ends with Driver Dead and 7 Officers, Civilian Taken to Hospital
MASSAPEQUA, N.Y. (AP) — A police pursuit that began in New York City ended on Long Island with the shooting death of the driver, and seven police officers and a civilian taken to hospitals for treatment, police said. Patrick Ryder, …
California Fire Agency Employee Arrested on Suspicion of Starting 5 Blazes
A California Department of Forestry and Fire Protection employee was arrested on suspicion he started five brush fires in Northern California in recent weeks, officials said. Robert Hernandez, 38, was arrested at the Howard Forest Fire Station in Healdsburg, California, …
Thousands of Fires Are Burning in the Drought-Wracked Amazon
Much of Brazil is burning as tens of thousands of fires rage around the country, half of them in the Amazon rainforest. Exacerbated by a severe drought, the fires threaten one of the world’s most crucial ecosystems and are consuming …
Florida Braces for Potential Gulf Hurricane Strike This Week
The US Gulf Coast from Mississippi to the Florida Panhandle is at risk of a hurricane strike by the end of the week as a patch of turbulent weather in the Atlantic becomes more organized. Currently a swirl of thunderstorms …
Snowflake Hacker Still Active, Finding New Victims, Expert Says
A hacker responsible for a cybercrime campaign that impacted up to 165 companies this summer is still at large and recently broke into a “handful” of new organizations, according to a cybersecurity specialist at Alphabet Inc.’s Google. The attacker, who …
Environmental Activist ClientEarth Sues Germany Over Pesticides Use
Environmental activist charity ClientEarth launched a lawsuit against Germany on Friday to push Berlin to implement an EU law to limit pesticide use in farming, the group said on Friday. The group said in a statement Germany was not complying …