14 03, 2024

Insurers, Insureds Must Collaborate to Get Ahead of Social Inflation

By | March 14th, 2024|Uncategorized|Comments Off on Insurers, Insureds Must Collaborate to Get Ahead of Social Inflation

Executive Summary: Setting up mock jury trials, taking cases to trial and refraining from issuing “hammer” letters to lower-layer insurers are just three of the strategies Aspen’s Chief Claims Officer Tony Rai suggests that insurers start undertaking—in concert with their …

19 03, 2024

Realtor Group Strikes $418 Million Deal to End Suits Over Commissions

By | March 19th, 2024|Uncategorized|Comments Off on Realtor Group Strikes $418 Million Deal to End Suits Over Commissions

The National Association of Realtors agreed to settle litigation over commission rules for US real estate agents, clearing the way for possible changes in how Americans buy and sell homes. For homeowners and buyers, the proposed settlement marks an important …

14 03, 2024

Eggland’s Best Is Sued Over Saturated Fat Claims for Its Eggs

By | March 14th, 2024|Uncategorized|Comments Off on Eggland’s Best Is Sued Over Saturated Fat Claims for Its Eggs

Eggland’s Best, one of the largest U.S. egg producers, has been sued for falsely claiming that its eggs contain less saturated fat than other eggs. The proposed class action filed on Tuesday in federal court in Chicago by Richard Vilchis …

11 03, 2024

Towers Watson Again Denied Coverage for $90M Settlements Over 2016 Willis Merger

By | March 11th, 2024|Uncategorized|Comments Off on Towers Watson Again Denied Coverage for $90M Settlements Over 2016 Willis Merger

Towers Watson has been hit with another roadblock on its long and winding road to reach coverage for $90 million in settlements of two lawsuits related to its merger with broker Willis in 2016. A Virginia federal district judge in …

14 03, 2024

Investigation Underway into Cause of Home Explosion That Killed 2 in Pittsburgh Suburb

By | March 14th, 2024|Uncategorized|Comments Off on Investigation Underway into Cause of Home Explosion That Killed 2 in Pittsburgh Suburb

A massive explosion killed two people and destroyed a house in the Pittsburgh area near the Ohio River, authorities said Tuesday. Aerial images from the scene in Crescent Township in the northwest Pittsburgh suburbs showed smoking ruins with the structure …

11 03, 2024

Italy’s Data Watchdog Probes Open AI Tool That Turns Text Into Video

By | March 11th, 2024|Uncategorized|Comments Off on Italy’s Data Watchdog Probes Open AI Tool That Turns Text Into Video

Italy’s data protection agency said on Friday it had opened an investigation into a service developed by Microsoft-backed Open AI that can generate videos based on text prompts. The regulator, known as Garante, asked Open AI to clarify whether the …

14 03, 2024

Twenty Armed People Board Cargo Ship off Coast of Somalia, Security Firm Says

By | March 14th, 2024|Uncategorized|Comments Off on Twenty Armed People Board Cargo Ship off Coast of Somalia, Security Firm Says

Twenty armed people have boarded a cargo ship off the coast of Somalia and have taken control of it, a maritime security firm said on Tuesday. The vessel is the latest to be targeted following a resurgence of attacks by …

11 03, 2024

Xcel Texas Wildfire Legal Reckoning to Take Years to Play Out

By | March 11th, 2024|Uncategorized|Comments Off on Xcel Texas Wildfire Legal Reckoning to Take Years to Play Out

Xcel Energy Inc. will likely be wrangling for years with the legal fallout from the wildfires burning through the Texas Panhandle. The experience of utility companies in California and Oregon sued over massive blazes sparked by downed power lines shows …

11 03, 2024

Towers Watson Again Denied Coverage for $90M Settlements Over 2016 Willis Merger

By | March 11th, 2024|Uncategorized|Comments Off on Towers Watson Again Denied Coverage for $90M Settlements Over 2016 Willis Merger

Towers Watson has been hit with another roadblock on its long and winding road to reach coverage for $90 million in settlements of two lawsuits related to its merger with broker Willis in 2016. A Virginia federal district judge in …

11 03, 2024

Florida Lawmakers Approve Surplus Takeouts but Stop Short on Nonrenewal Limits

By | March 11th, 2024|Uncategorized|Comments Off on Florida Lawmakers Approve Surplus Takeouts but Stop Short on Nonrenewal Limits

A number of property insurance-related bills were introduced in the Florida Legislature this year – from a fundamental change to the Citizens Property Insurance Corp. coverage model to further limiting policy cancellations after a storm. But only a handful of …