News Archives - Insurance Journal

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17 09, 2024

Brazil Confirms Potential $18B Deal With Miners Involved in Deadly Dam Disaster

By | September 17th, 2024|Uncategorized|Comments Off on Brazil Confirms Potential $18B Deal With Miners Involved in Deadly Dam Disaster

The Brazilian government confirmed on Monday it was in talks on a potential $18 billion payout from a trio of miners involved in a deadly 2015 dam collapse, saying the deal could also involve further repair work by the companies …

17 09, 2024

PwC Probe Spotlight Shifts to Hong Kong After Record China Fine

By | September 17th, 2024|Uncategorized|Comments Off on PwC Probe Spotlight Shifts to Hong Kong After Record China Fine

The focus of a lengthy probe into PricewaterhouseCoopers LLP’s China business now shifts to Hong Kong after the accounting firm was hit with a record fine in the mainland over its audit of failed developer China Evergrande Group. Hong Kong’s …

17 09, 2024

People Moves: Aspire in California Names Rea Chief Technology Officer

By | September 17th, 2024|Uncategorized|Comments Off on People Moves: Aspire in California Names Rea Chief Technology Officer

Aspire General Insurance hired Sam Rea as its chief technology officer. Rea has more than 20 years of experience leading IT organizations in the insurance industry. Before joining Aspire, Rea was CTO for the Peak6 InsurTech portfolio of companies for …

17 09, 2024

Driver Charged With Killing Gaudreau Brothers Had Alcohol Level Above Limit: Prosecutor

By | September 17th, 2024|Uncategorized|Comments Off on Driver Charged With Killing Gaudreau Brothers Had Alcohol Level Above Limit: Prosecutor

The driver charged with killing NHL hockey player Johnny Gaudreau and his brother Matthew as they bicycled on a rural road had a blood-alcohol level of .087, above the .08 legal limit in New Jersey, a prosecutor said Friday. Gaudreau, …

17 09, 2024

Civil Trial Begins Into Sexual Abuse Claims by Ex-Patients at Virginia Children’s Hospital

By | September 17th, 2024|Uncategorized|Comments Off on Civil Trial Begins Into Sexual Abuse Claims by Ex-Patients at Virginia Children’s Hospital

Testimony has begun in a civil trial against a Virginia hospital that treats vulnerable children, its owner and its former medical director in a lawsuit filed by three former patients who allege they were touched inappropriately during physical exams. The …

17 09, 2024

Two Former New York Fire Chiefs Face Bribery Charges Tied to Safety Inspections

By | September 17th, 2024|Uncategorized|Comments Off on Two Former New York Fire Chiefs Face Bribery Charges Tied to Safety Inspections

Two former chiefs of the New York City Fire Department (FDNY) have been charged with bribery and corruption for allegedly expediting access to fire safety inspections for preferred customers in exchange for payments. Anthony Saccavino and Brian Cordasco were indicted …

17 09, 2024

J&J Gets $260 Million Talc Verdict Overturned, New Trial Ordered

By | September 17th, 2024|Uncategorized|Comments Off on J&J Gets $260 Million Talc Verdict Overturned, New Trial Ordered

An Oregon judge has overturned a $260 million verdict against Johnson & Johnson in a lawsuit brought by a woman who said she got mesothelioma, a deadly cancer linked to asbestos exposure, from inhaling the company’s talc powder, the company …

17 09, 2024

DraftKings Sued by MLB Players Union for Using Names, Images

By | September 17th, 2024|Uncategorized|Comments Off on DraftKings Sued by MLB Players Union for Using Names, Images

Sports-betting platform DraftKings Inc. has been using names and images of Major League Baseball players without permission and in violation of Pennsylvania law, their union alleged in a lawsuit. Boston-based DraftKings and another popular betting site – Bet365 – are …

17 09, 2024

Big Oil Companies Defeat Consumer Lawsuit Over Production, Prices

By | September 17th, 2024|Uncategorized|Comments Off on Big Oil Companies Defeat Consumer Lawsuit Over Production, Prices

Several oil companies including Exxon Mobil and Chevron defeated an appeal on Monday by consumers who accused them of colluding with former U.S. President Donald Trump, Russia and Saudi Arabia to cut oil production, boosting prices at the pump. In …

17 09, 2024

Flooding in Central Europe Could Cause Billions in Economic Losses, Analysts Say

By | September 17th, 2024|Uncategorized|Comments Off on Flooding in Central Europe Could Cause Billions in Economic Losses, Analysts Say

The latest flooding in central Europe could cause economic losses ranging from several hundred million euros to billions, early estimates published on Monday found, as the region braced for more damage. Credit rating agency Morningstar DBRS estimates losses will range …