News Archives - Insurance Journal

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27 09, 2024

Penn State to Pay $703K to Resolve Gender Pay Discrimination Claims

By | September 27th, 2024|Uncategorized|Comments Off on Penn State to Pay $703K to Resolve Gender Pay Discrimination Claims

Pennsylvania State University will pay $703,742 in back wages and interest and enter into a conciliation agreement with the U.S. Department of Labor to resolve alleged gender pay discrimination against female employees. Based on a compliance review, the Department of …

27 09, 2024

Ukraine Says Russian Strike on Danube Port Town Kills Three

By | September 27th, 2024|Uncategorized|Comments Off on Ukraine Says Russian Strike on Danube Port Town Kills Three

Ukrainian authorities said at least three people were killed by a Russian strike against a Danube River port that was repeatedly attacked last year after it became a lifeline for key exports amid the Kremlin’s invasion. Fourteen others, including a …

27 09, 2024

Aspen’s Orseck Explains the Growing Impact of PFAS [Video]

By | September 27th, 2024|Uncategorized|Comments Off on Aspen’s Orseck Explains the Growing Impact of PFAS [Video]

As research has evolved on the effects of per- and polyfluoroalkyl substances (PFAS), correlations are being made to medical conditions within people exposed—and that’s about everyone to some degree. “We’re ingesting this stuff for years and years, to the point …

27 09, 2024

Markets/Coverages: Guernsey Insurer Paratus Gets Nod to Offer Renewable Power Insurance

By | September 27th, 2024|Uncategorized|Comments Off on Markets/Coverages: Guernsey Insurer Paratus Gets Nod to Offer Renewable Power Insurance

Paratus Holdings Ltd., the Guernsey-based re/insurance group, announced that Paratus Renewables Insurance Ltd. has been granted regulatory approval by the Guernsey Financial Services Authority (GFSC) to provide insurance cover to the renewable power industry. Paratus said its insurance solutions will …

27 09, 2024

Court Upholds Finding That Montana Clinic Submitted False Asbestos Claims

By | September 27th, 2024|Uncategorized|Comments Off on Court Upholds Finding That Montana Clinic Submitted False Asbestos Claims

A federal appeals court has upheld a lower court determination that a Montana health clinic submitted hundreds of false asbestos claims on behalf of patients. A jury decided last year that the clinic in a town where hundreds of people …

27 09, 2024

Food Producer Settles Lawsuit Over Sexual Harassment Allegations at Michigan Facility

By | September 27th, 2024|Uncategorized|Comments Off on Food Producer Settles Lawsuit Over Sexual Harassment Allegations at Michigan Facility

Pero Family Farms Food Company, LLC, will pay $40,000 in compensatory damages and furnish other relief to settle a U.S. Equal Employment Opportunity Commission (EEOC) lawsuit, the federal agency announced today. The EEOC’s suit alleged Pero Family Farms maintained a …

27 09, 2024

Judge Throws Out Lawsuit Over Mine Sinkholes in South Dakota

By | September 27th, 2024|Uncategorized|Comments Off on Judge Throws Out Lawsuit Over Mine Sinkholes in South Dakota

A judge in South Dakota has thrown out a lawsuit brought by dozens of neighbors in a Rapid City-area subdivision whose homes were built above an old, underground mine linked to sinkholes in the neighborhood. Circuit Court Judge Eric J. …

27 09, 2024

Rockville Diocese Reaches Bankruptcy Agreement With $323M for Sex Abuse Claims

By | September 27th, 2024|Uncategorized|Comments Off on Rockville Diocese Reaches Bankruptcy Agreement With $323M for Sex Abuse Claims

The Roman Catholic Diocese of Rockville Centre in New York reports that it has reached an agreement with survivors, insurers, parishes and other parties on a settlement of its bankruptcy case that includes a $323 million fund to compensate victims …

27 09, 2024

Biggest LNG Exporter in the US Wants to Define Emission Rules

By | September 27th, 2024|Uncategorized|Comments Off on Biggest LNG Exporter in the US Wants to Define Emission Rules

Cheniere Energy Inc.’s top executive Jack Fusco wants the biggest gas exporter in the US to set the rules to measure the environmental impact of liquefied natural gas, using a fleet of methane tracking technologies and the company’s clout as …

27 09, 2024

Canada’s Axis Insurance Acquires P/C Broker Baker Insurance

By | September 27th, 2024|Uncategorized|Comments Off on Canada’s Axis Insurance Acquires P/C Broker Baker Insurance

Axis Insurance Managers Inc., the Vancouver, Canada-based insurance broker, announced the acquisition of Baker Insurance, a property/casualty brokerage based in Calgary. Financial details of the deal were not disclosed. This strategic move strengthens Axis’ presence in the region and enhances …