News Archives - Insurance Journal

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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 …

27 09, 2024

Inmate Who Was Beaten in Patrol Car in Arkansas Files Federal Lawsuit

By | September 27th, 2024|Uncategorized|Comments Off on Inmate Who Was Beaten in Patrol Car in Arkansas Files Federal Lawsuit

LITTLE ROCK, Ark. (AP) — An inmate who was beaten by an Arkansas police officer in the back of a patrol car filed a lawsuit Tuesday against the former officer and his police chief, accusing them of violating his constitutional …

27 09, 2024

Judge Approves $600M Settlement for Residents Near Ohio Train Derailment

By | September 27th, 2024|Uncategorized|Comments Off on Judge Approves $600M Settlement for Residents Near Ohio Train Derailment

A federal judge on Wednesday approved a $600 million class-action settlement Wednesday that Norfolk Southern railroad offered to everyone who lived within 20 miles (32 kilometers) of last year’s disastrous derailment in East Palestine, Ohio. Judge Benita Pearson gave the …

27 09, 2024

The Fidelis Partnership Launches MGA Seraphina, Led by Sanders From Probitas 1492

By | September 27th, 2024|Uncategorized|Comments Off on The Fidelis Partnership Launches MGA Seraphina, Led by Sanders From Probitas 1492

Pine Walk Capital Ltd., the specialist MGA incubator platform and wholly owned subsidiary of The Fidelis Partnership, announced the launch of the MGA Seraphina. Seraphina will write a broad portfolio of international property business, complementing and diversifying The Fidelis Partnership’s …