INSURANCE NEWS
What a Weak La Niña Could Mean for Winter Weather
The National Oceanic and Atmospheric Administration’s Climate Prediction Center says there is a 60% chance that a weak La Niña event will develop this autumn and could last until March. La Niña is part of a natural climate cycle that …
Meta Platforms Defeats Shareholder Lawsuit Over Child Safety Claims
Meta Platforms and Chief Executive Mark Zuckerberg won the dismissal of a lawsuit claiming they misled shareholders in Meta’s proxy statement about their ability to ensure the safety of children who use Facebook and Instagram. In a decision on Tuesday, …
Tennessee Pollution Exclusion Confusion: Courts Differ But Clauses Can Apply
Insurers often include exclusions within their liability policies to prohibit coverage for claims arising out of pollution exposure. The exact wording of the exclusion can differ significantly, but the key issue is whether the underlying allegations fall within the scope …
Connecticut Obtains Settlement Over Data Breach Affecting Webster Bank Customers
Connecticut Attorney General William Tong announced a settlement with Guardian Analytics, Inc. and its successor Actimize, Inc., resolving an investigation into a data breach affecting Webster Bank customers’ data. Under the settlement, Guardian and Actimize have agreed to pay $500,000 …
Walmart to Pay $7.5M to Resolve California Hazardous Waste Charges
Walmart will pay $7.5 million to resolve charges that the largest U.S. retailer illegally disposed of hazardous and medical waste from its facilities into California municipal landfills. The settlement was announced on Tuesday by California Attorney General Rob Bonta, following …
Unison Risk Advisors Adds Avondale, The First to Join Its Non-Retail Division
Unison Risk Advisors (URA) reports that Avondale Insurance Associates has joined the firm and is the first company to join URA’s non-retail division. Established in 2006, Avondale Insurance Associates is an excess and surplus lines underwriting management company across all …
People Moves: HDI Global US Appoints Long as US Casualty Lead; Jenkins Joins Alliant Insurance Services as Senior Vice President
HDI Global U.S. Appoints Long as US Casualty Lead HDI Global Insurance Company (HGIC), the U.S. subsidiary of inter-national corporate and specialty insurer HDI Global SE (HDI), headquartered in Chicago, appointed Thomas Long as U.S. casualty lead. With an insurance …
Mining Dam Disaster Deal Should Curb Lawsuits Against Vale and BHP, Sources Say
An agreement by Vale, BHP and their joint venture Samarco to pay 170 billion reais ($29.85 billion) in compensation for a deadly dam collapse in Brazil could end more than a hundred lawsuits against the mining companies in the South …
Hurricane Milton Caused $1.5B-$2.5B in Losses to Florida Agriculture
Hurricane Milton caused an estimated $1.5 billion to $2.5 billion in damage to Florida’s crops and agricultural infrastructure, according to a preliminary assessment released by the state’s Department of Agriculture and Consumer Services on Thursday. The majority of Florida’s citrus …
State Farm Campaign Aims to Provide Smoke Alarms to 1,300+ Texas Homes
State Farm will provide smoke alarms to more than 1,300 Texas homes during the Out to Alarm Texas 2024 campaign, the Insurance Council of Texas shared. The initiative was created in 2005 as a way mitigate the loss of life …
Louisiana Nursing Home Owner to Pay $8.2M for Misusing Assets During Ida
Louisiana nursing home owner Bob Dean Jr. and several companies he operated have agreed to an $8.2 million consent judgment to resolve allegations that they misappropriated and misused the assets and income of four nursing homes in Louisiana before and …
Trump Sued for Defamation by Exonerated ‘Central Park Five’
Donald Trump is facing a defamation lawsuit over comments he made during the September presidential debate about five men who were wrongly convicted in the 1989 jogger rape case and came to be known as the “Central Park Five.” The …