News Archives - Insurance Journal

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2 08, 2024

Exxon Delays Golden Pass LNG to Late 2025 on Contractor Dispute

By | August 2nd, 2024|Uncategorized|Comments Off on Exxon Delays Golden Pass LNG to Late 2025 on Contractor Dispute

Exxon Mobil Corp. and QatarEnergy delayed the start of a $10 billion natural gas export project in Texas to the end of next year after lead contractor Zachry Holdings Inc. declared bankruptcy. The companies agreed other contractors could finish work …

2 08, 2024

Texas Assisted Living Facility Sued for Firing Worker With Sleep Disorder

By | August 2nd, 2024|Uncategorized|Comments Off on Texas Assisted Living Facility Sued for Firing Worker With Sleep Disorder

VibraLife of Katy, LLC, a rehabilitation and assisted living facility in Katy, Texas, violated federal law when it denied an employee an accommodation for her sleep disorder and then fired her, the U.S. Equal Employment Opportunity Commission (EEOC) charged in …

1 08, 2024

PFAS Liability for Water District Remediation Costs Estimated Up to $175B

By | August 1st, 2024|Uncategorized|Comments Off on PFAS Liability for Water District Remediation Costs Estimated Up to $175B

Economic liability associated with the remediation of perfluoroalkyl and polyfluoroalkyl substances (PFAS) in U.S. water districts is estimated to be between $120 billion and $175 billion, according to global consulting and actuarial firm Milliman Inc. PFAS are often referred to …

1 08, 2024

CBIZ to Acquire Accounting Firm Marcum in $2.3 Billion Deal

By | August 1st, 2024|Uncategorized|Comments Off on CBIZ to Acquire Accounting Firm Marcum in $2.3 Billion Deal

Financial services and insurance provider CBIZ said on Wednesday it would buy Marcum, one of the biggest accounting services providers in the United States, in a $2.3 billion cash-and-stock deal. The accounting market in the U.S. is dominated by the …

1 08, 2024

North Macedonia Seeks EU Assistance as Wildfires Burn Across the Balkans

By | August 1st, 2024|Uncategorized|Comments Off on North Macedonia Seeks EU Assistance as Wildfires Burn Across the Balkans

SKOPJE, North Macedonia (AP) — North Macedonia said it was seeking further assistance from the European Union Tuesday to combat wildfires that continue to burn out of control in heatwave temperatures and have crossed the southern border into Greece. “Unfortunately, …

1 08, 2024

Insurance Broker Miller Acquires Swiss Reinsurance Capital Advisory Business

By | August 1st, 2024|Uncategorized|Comments Off on Insurance Broker Miller Acquires Swiss Reinsurance Capital Advisory Business

Miller, the London-based independent specialist re/insurance broker, announced the acquisition of reinsurance capital advisory business 4809 Brokers AG. Financial details were not disclosed. As its third Continental European acquisition since 2022, Miller said, the transaction forms part of its continued …

1 08, 2024

Appeals Court Tosses Appian’s $2 Billion Verdict Against Pegasystems

By | August 1st, 2024|Uncategorized|Comments Off on Appeals Court Tosses Appian’s $2 Billion Verdict Against Pegasystems

Software company Pegasystems convinced a Virginia appeals court on Tuesday to throw out a $2 billion jury verdict for rival Appian in a court battle over Pegasystems’ alleged theft of Appian’s trade secrets. The award from 2022 had been the …

1 08, 2024

Liberty University, Jerry Falwell Jr. Settle Legal and Personal Disputes

By | August 1st, 2024|Uncategorized|Comments Off on Liberty University, Jerry Falwell Jr. Settle Legal and Personal Disputes

Four years after Jerry Falwell Jr. resigned as the head of Liberty University amid a series of personal scandals, he and the evangelical school founded by his father have announced a settlement of “all outstanding disputes on both legal and …

1 08, 2024

Wood Pellet Production Boomed in the South to Meet Demand. It’s Come at a Cost

By | August 1st, 2024|Uncategorized|Comments Off on Wood Pellet Production Boomed in the South to Meet Demand. It’s Come at a Cost

GLOSTER, Miss. (AP) — This southern Mississippi town’s expansive wood pellet plant was so close to Shelia Mae Dobbins’ home that she sometimes heard company loudspeakers. She says industrial residues coated her truck and she no longer enjoys spending time …

1 08, 2024

Some Ohio Residents Can Now Get $25,000 for Injuries in 2023 Train Derailment

By | August 1st, 2024|Uncategorized|Comments Off on Some Ohio Residents Can Now Get $25,000 for Injuries in 2023 Train Derailment

People who live near East Palestine, Ohio, can now get $25,000 apiece for any injuries they sustained after last year’s Norfolk Southern freight train derailment on top of whatever money they get for property damage as part of the $600 …