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14 11, 2023

Ohio Court Revives Dog Bite Injury Claim Against Insurer Due to Ambiguous Policy Exclusion

By | November 14th, 2023|Uncategorized|Comments Off on Ohio Court Revives Dog Bite Injury Claim Against Insurer Due to Ambiguous Policy Exclusion

An Ohio appellate court revived a dog bite injury claim against an insurer after finding that the terms of an exclusion in the homeowners’ insurance policy, intended to bar coverage for dogs with a history of violence, may not have …

14 11, 2023

File Transfer Data Breach Affected 1.3M People, Maine Reports

By | November 14th, 2023|Uncategorized|Comments Off on File Transfer Data Breach Affected 1.3M People, Maine Reports

The state of Maine has begun notifying people whose personal information was included in a data breach impacting as many as 1.3 million individuals, state officials announced Thursday. The notifications began after the state completed an assessment once they discovered …

14 11, 2023

Markets/Coverages: WTW Launches Global D&O Excess Facility Called ‘A-Star’

By | November 14th, 2023|Uncategorized|Comments Off on Markets/Coverages: WTW Launches Global D&O Excess Facility Called ‘A-Star’

Insurance broker WTW announced the launch of “A-Star,” an excess layer D&O insurance solution for directors and officers. The new facility provides streamlined access to up to £/$/€ 80,000,000 additional capacity for directors & officers liability insurance, ensuring comprehensive protection …

13 11, 2023

Cyber ‘Catastrophe Bonds’ Move Step Closer to Hitting Public Debt Markets

By | November 13th, 2023|Uncategorized|Comments Off on Cyber ‘Catastrophe Bonds’ Move Step Closer to Hitting Public Debt Markets

Cyber catastrophe bonds may be about to move out of the shadows of private deal-making and into the public debt markets. So-called cat bonds, which farm out hard-to-insure risks to capital market investors in exchange for double-digit returns, have typically …

14 11, 2023

Fraternity and Bar Sued Over 2021 Death of University of New Hampshire Student

By | November 14th, 2023|Uncategorized|Comments Off on Fraternity and Bar Sued Over 2021 Death of University of New Hampshire Student

liquor liabilityThe mother of a University of New Hampshire student who died in an icy swamp two years ago filed a wrongful death lawsuit Thursday against the Durham bar and fraternity her son visited that night. Vincenzo Lirosi, 22, was …

13 11, 2023

Former NFL Cornerback Among Six Killed in Crash in Downtown Houston

By | November 13th, 2023|Uncategorized|Comments Off on Former NFL Cornerback Among Six Killed in Crash in Downtown Houston

HOUSTON (AP) – A crash at a red light killed six people including former NFL cornerback D.J. Hayden in downtown Houston early Saturday. The two-vehicle crash occurred about 2 a.m. when a Chrysler 300, apparently “going very fast, high velocity,” …

14 11, 2023

Judge Upholds $24M Award in Discrimination Suit by Employee With Social Anxiety Disorder

By | November 14th, 2023|Uncategorized|Comments Off on Judge Upholds $24M Award in Discrimination Suit by Employee With Social Anxiety Disorder

A federal district court judge in Massachusetts has upheld a $24 million jury award for a woman who sued her employer for retaliation and discrimination because of her social anxiety disorder. The employer, PPD Development, has criticized the outcome handed …

13 11, 2023

Bank of England to Deepen System-Wide Stress Test for Banks, Insurers

By | November 13th, 2023|Uncategorized|Comments Off on Bank of England to Deepen System-Wide Stress Test for Banks, Insurers

The Bank of England said on Friday it would start the second leg to its first system-wide stress test of how banks, insurers, pension schemes and clearing houses collectively cope with shocks involving interest rates and risky asset prices over …

14 11, 2023

Washington Commissioner Issues $607K on Fines for Violations

By | November 14th, 2023|Uncategorized|Comments Off on Washington Commissioner Issues $607K on Fines for Violations

Washington Insurance Commissioner Mike Kreidler issued fines in October totaling $607,613.35 against insurance companies and insurance producers that reportedly violated state insurance laws and regulations. Following are the alleged violators and a breakdown of their reported fines: Insurance companies AIG …

13 11, 2023

Freight Costs for Ships in Ukraine’s Export Corridor Ease Back to Former Levels

By | November 13th, 2023|Uncategorized|Comments Off on Freight Costs for Ships in Ukraine’s Export Corridor Ease Back to Former Levels

Freight costs for ships in Ukraine’s alternative export corridor have eased back to their former levels, a government source said on Friday, after brokers said earlier they had risen following an attack on a cargo vessel in the Black Sea …