A Montana jury has awarded $36.5 million in damages to an Oregon man who suffers from lung disease because of exposure to asbestos while working at a vermiculite mine in Libby, a bellwether case that could affect hundreds of additional …
Washington state will pay $3.75 million to settle a wrongful-death lawsuit brought by the family of a man who died at Monroe Correctional Complex after his cancer went untreated despite repeated pleas. Kenny Williams, 63, died in June 2019 of …
Nationwide Sponsors Labrador Retriever Robot Giant insurer Nationwide is partnering with an early-stage robotics company, Southern California-based Labrador Systems, on a multi-state pilot program with the Labrador Retriever, a personal robot designed to help individuals live more independently as well …
Several abandoned buildings at the historic Los Angeles County Poor Farm were destroyed by fire, fire departments said. At least five agencies responded and the fire was contained in buildings on the vacant south campus of the county’s public rehabilitation …
Most middle-market firms experienced a recovery following the height of disruptions caused by COVID-19 and remain mostly optimistic about the global economy, but business risks loom large. According to a survey of 1,000 executives by Chubb and the National Center …
The fire on the cargo ship Felicity Ace, which had burned for more than a week, is likely extinguished and the vessel is now being towed, according to the operator MOL Ship Management. The ship had been transporting thousands of …
With unfavorable development and product mix changes propelling fourth-quarter and full-year loss 2021 ratios into the 90s—up 20 points over comparable 2020 periods—Lemonade guided shareholders that results will get worse in 2022. “2022 is expected to be our year of …
California Insurance Commissioner Ricardo Lara announced new regulations he believes will improve wildfire safety and drive down the cost of insurance for homeowners and businesses. The proposed regulations, which could be in effect by this summer, call for insurance companies …
German reinsurance group Munich Re on Wednesday forecast a 14% jump in profit this year as it reported a bounceback in 2021 from the coronavirus pandemic despite big claims from natural disasters. Marked by devastating hurricanes and cold snaps in …
After his house burned down in 2015, Rick Merechka turned in a sworn proof of loss statement telling his insurance company that the replacement value of his household goods was $607,640. But in December 2010, Merechka and his wife at …