14 06, 2024

Hurricane Season Ushered in With a Deluge in South Florida

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Dangerous flooding from a tropical disturbance inundated much of southern Florida on Wednesday, blocking roads, floating vehicles and delaying the Florida Panthers on their way to Stanley Cup games in Canada against the Edmonton Oilers. The disorganized storm system was …

14 06, 2024

Insured Flood Losses in Germany Could Range From US$2.1B to US$3.2B: Moody’s RMS

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Insured losses from floods that hit Central Europe between Thursday, May 30 and Monday, June 3 in Germany will likely fall within the range of €2 billion to €3 billion (US$2.1 billion to US$3.2 billion), according to Moody’s RMS Event …

14 06, 2024

Singapore’s Income Insurance, Allianz in Talks on Potential Transaction

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Singapore’s Income Insurance Ltd is in discussion with Allianz regarding a transaction relating to its shares in Income Insurance, it said in a statement on Friday. The company added in the statement that there is no assurance that any transaction …

14 06, 2024

Broker Clear Group Buys UK Credit Insurance Specialist Rycroft Associates

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The Clear Group, the London-based independent broker, announced it has acquired the book and assets of credit insurance broker Rycroft Associates LLP and its sister company and appointed representative, Inspire Credit Management Ltd., a delegated authority specialist. The company was …

14 06, 2024

42 States, J&J Finalize $700M Settlement Over Talc Marketing

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Attorneys general in 42 states said they finalized a $700 million settlement with Johnson & Johnson over the marketing of its talcum powder products. The settlement, announced in principle in January, resolves an investigation by the states and Washington D.C. …

14 06, 2024

Apple Accused in Lawsuit of Underpaying Female Workers in California

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Apple on Thursday was hit with a proposed class action accusing the tech giant of paying more than 12,000 female employees in California less than men with comparable jobs. The lawsuit filed in state court in San Francisco by two …

14 06, 2024

Judge Blasts Liberty Mutual in Declaring He Will Not Disqualify Because He’s an Insured

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­­A federal judge in New Jersey, in a blistering opinion, has refused to disqualify himself from a case involving his insurer, Liberty Mutual, and accused the insurer of seeking his recusal and attacking his integrity because it did not like …

14 06, 2024

For Shrinking Mississippi River Towns, Frequent Floods Worsen Fortunes

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WEST ALTON, Mo. (AP) — Devastating flooding, driven in part by climate change, is taking an especially damaging toll on communities that once thrived along the banks of America’s most storied river. Flooding has pushed people out of their homes …

14 06, 2024

Louisiana High Court Reopens Window for Adult Victims of Childhood Sex Abuse to Sue

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NEW ORLEANS (AP) — Officially reversing a controversial March ruling, Louisiana’s highest court Wednesday gave childhood victims of sexual abuse a renewed opportunity to file damage lawsuits. The state Supreme Court’s 5-2 ruling Wednesday upholds a so-called look-back law that …

14 06, 2024

Oklahoma Supreme Court Dismisses Reparations Lawsuit of Tulsa Race Massacre Survivors

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OKLAHOMA CITY (AP) — The Oklahoma Supreme Court on Wednesday dismissed a lawsuit by survivors of the 1921 Tulsa Race Massacre, dampening the hope of advocates for racial justice that the city would make financial amends for one of the …