Nuclear verdicts in product liability suits are on the rise. But manufacturers and their insurance companies can take multiple steps to prevent and defend against large jury verdicts, insurance and legal experts said at a recent webinar hosted by Travelers. …
The Trump Administration’s Department of Justice, not known for its support of minorities and disabled people, announced it is investigating the company that runs SeaWorld Orlando and Busch Gardens Tampa Bay for potential violations of the Americans with Disabilities Act. …
Reciprocal insurance exchanges have been increasingly popular in recent years, with third-party investor interest in the fee-for-service businesses that manage RIEs and waning property insurance capacity in catastrophe-prone regions supporting the resurgence. Third-party investors “are not exposed to the insurers’ …
Hardly a day goes by in Japan without news of another bear attack, but a problem that’s worrying local residents, tourists and farmers and hampering leisure-related businesses is presenting an opportunity for insurers. Tokio Marine & Nichido Fire Insurance Co. …
A federal judge dealt a setback to customers suing Burger King over advertising for its Whopper sandwiches, saying their claims were too disparate to justify certifying a nationwide class action. The lawsuit by 19 customers in 13 U.S. states accused …
NFP named Tom Gillingham president, commercial risk, expanding his executive leadership across NFP’s commercial property/casualty programs and wholesale businesses. Based in Seattle, Washington, Gillingham joined NFP in 2017 as part of NFP’s acquisition of EverGuard Insurance Services Inc. Since 2020, …
The U.S. Department of Labor has cited a fresh-cut vegetable processing company for willfully and repeatedly violating safety requirements after a worker was fatally injured while cleaning and sanitizing a machine. The department’s Occupational Safety and Health Administration (OSHA) cited …
Old Republic National Title Insurance Co., one of the largest title insurers in Florida, did not fraudulently transfer assets from a bankrupt subsidiary, and the bankruptcy court did not err in excluding an expert’s valuation testimony, a federal appeals court …
Mark Zuckerberg and other Meta Platforms Inc. directors agreed to a $190 million settlement of claims they failed to rectify repeated violations of Facebook users’ privacy and improperly engineered an accord to shield the billionaire chief executive officer from personal …
This year’s Atlantic hurricane season was marked by contrasts, according to the National Oceanic and Atmospheric Administration (NOAA). From intense bursts of activity to relative calm, the season will end on November 30 with activity falling within the agency’s predicted …