A group of almost 300 petitioners filed a class-action suit against BP Plc and Kenyan authorities seeking compensation for environmental damage caused by disposal of toxic waste at oil-exploration sites in the northern fields of the East Africa nation. They …
The Nord Stream gas pipelines were attacked in 2022 as a direct result of Russia’s invasion of Ukraine, insurers told a London court on Thursday as they seek to avoid paying out nearly 580 million euros ($684 million) over blasts …
A Delaware judge threw out lawsuits seeking to link the heartburn drug Zantac to cancer, freeing makers of the product from facing trials in the state over the cases. Superior Court Judge Francis “Pete” Jones concluded Monday lawyers for ex-Zantac …
Property/casualty insurance giant Travelers reported a jump in first-quarter profit, buoyed by robust underwriting gains and lower catastrophe losses than a year earlier when results were severely hit by the Los Angeles wildfires. Shares of the company, whose earnings often …
Florida home insurer Olympus Insurance Co. announced it has expanded its risk transfer capabilities with a successful debut in the catastrophe bond market, completing its first-ever issuance through the newly established Abacab Re Ltd. The $120 million catastrophe bond provides …
The Trump administration on Thursday proposed weakening rules for the disposal of ash produced by burning coal that can contain hazardous heavy metals and contaminate groundwater. Those regulations were strengthened under the Biden administration as part of a wider crackdown …
The Governing Committee of the Workers’ Compensation Insurance Rating Bureau of California voted to authorize the WCIRB to submit a September 1, 2026, pure premium rate filing to the California Insurance Commissioner proposing advisory pure premium rates that will be …
Two recent court decisions have addressed the issue of subrogation rights of insurance companies against upstream or downstream vendors that experience a data security breach: Axis Insurance Company v. Barracuda Networks, Inc. and Travelers Casualty and Surety Company. of America …
Crashes involving about 70 vehicles snarled a section of a snowy Colorado highway and sent eight people to the hospital. The pileup Tuesday prompted officials to close the eastbound side of Interstate 70 in Clear Creek County, about 50 miles …
An insurance fraud scheme involving a bear costume, luxury vehicles and falsified damage claims has ended in convictions for three Los Angeles area residents. A California Department of Insurance investigation began after an insurance company suspected fraud after insureds claimed …