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17 03, 2023

Hawaii Businessman Sued for $2M After Grounding Luxury Yacht

By | March 17th, 2023|Uncategorized|Comments Off on Hawaii Businessman Sued for $2M After Grounding Luxury Yacht

A business owner whose luxury yacht ran aground and leaked diesel fuel into waters off the Hawaiian island of Maui last month is being sued for more than $2 million in damages by a trust that sold him the vessel. …

17 03, 2023

London Market Insurers Publish Guidelines for Marine Casualty Claims

By | March 17th, 2023|Uncategorized|Comments Off on London Market Insurers Publish Guidelines for Marine Casualty Claims

New guidelines have been agreed by marine insurers in the London Market to help improve collaboration in the handling of shipping casualties. A protocol document seeks to promote more effective communication between different parties involved in responding to resulting insurance …

17 03, 2023

Minnesota Meat Processing Company Accused of Employing Minors

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A meat processing company in Minnesota employed children as young as 13 to work in hazardous conditions, such as operating meat grinders, while they worked overnight shifts and longer hours than allowed by law, the Minnesota Department of Labor and …

17 03, 2023

Wind Farm in Southern Texas Draws Resistance

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DEL RIO, Texas (AP) – Long before a Chinese spy balloon captivated and spooked the U.S. public, Kyle Bass foresaw what he deemed another foreign danger slated for skies above the Texas-Mexico border: wind turbines. Dozens of them, roughly 700 …

17 03, 2023

Texas Church Ordered to Pay Back Wages After Concerns About Rodents, Insects

By | March 17th, 2023|Uncategorized|Comments Off on Texas Church Ordered to Pay Back Wages After Concerns About Rodents, Insects

After a nutrition specialist employed at a Dallas, Texas childcare facility raised concerns about rodents, spiders and other insects in its cafeteria, kitchen and other areas, their employer acted far from charitably and terminated the worker in August 2021. After …

17 03, 2023

Insurers: Washington’s Proposal for More Premium Increase Explanations May Delay Filings

By | March 17th, 2023|Uncategorized|Comments Off on Insurers: Washington’s Proposal for More Premium Increase Explanations May Delay Filings

Insurers say a new regulation proposed by Washington state Insurance Commissioner Mike Kreidler that requires them to explain premium increases to their policyholders in language consumers can understand has the potential to delay rate filings. Kreidler announced the proposed rule …

17 03, 2023

Third Time’s a Charm for Nevada’s Captive-Focused Insurance Commish

By | March 17th, 2023|Uncategorized|Comments Off on Third Time’s a Charm for Nevada’s Captive-Focused Insurance Commish

Scott Kipper’s list of LinkedIn experiences runs 14 items long, but that’s not so much him bragging. He’s moved around a lot in a career that stretches back more than 30 years. He could have just left off some of …

15 03, 2023

Government’s SVB Intervention Saved Insurers From D&O Claims

By | March 15th, 2023|Uncategorized|Comments Off on Government’s SVB Intervention Saved Insurers From D&O Claims

Had the federal government not stepped in to make Silicon Valley Bank (SVB) depositors whole, providers of directors and officers insurance for startups and venture capitalists – as well as financial institutions supporting these entities – would have been staring …

15 03, 2023

Green Groups Sue Biden Admin Over Approval of Alaska Willow Oil Project

By | March 15th, 2023|Uncategorized|Comments Off on Green Groups Sue Biden Admin Over Approval of Alaska Willow Oil Project

Six environmental groups filed a lawsuit on Tuesday over the Biden administration’s approval of ConocoPhillips’ Willow oil and gas project in Alaska, which they claimed could be a stepping stone to more development in an ecologically sensitive region. Trustees for …

15 03, 2023

Insured Losses From N. Zealand Floods Estimated at US$1.02B, With Profit Hit Expected

By | March 15th, 2023|Uncategorized|Comments Off on Insured Losses From N. Zealand Floods Estimated at US$1.02B, With Profit Hit Expected

The initial insured losses for the recent floods in the North Island of New Zealand are estimated at NZ$1.65 billion ($1.02 billion), according to PERILS, the independent Zurich-based organization that provides industry-wide catastrophe insurance data. Losses incurred so far in …