29 03, 2021

Utah Passes Law Requiring Pilot Insurance Following Plan Crash

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The lawsuit from a 2017 crash of an airplane on 1900 West in Roy lingers on, more than three years after it was filed. The pilot, apparently, was not insured, leaving Samantha Sandoval – hit in her car in the …

30 03, 2021

Florida School District to Pay $2M Over Chicken Nugget Choking Death of Student

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The family of a 19-year-old student with autism will receive a $2 million settlement from a Florida school district a year and a half after he choked on a chicken nugget and died. The settlement approved by the Palm Beach …

29 03, 2021

Caesars in Nevada Puts Pandemic Losses At $2B, Wants Insurers to Pay

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Casino giant Caesars Entertainment Inc. is putting its losses because of the coronavirus pandemic in 2020 at more than $2 billion, and is suing a long list of insurance carriers it accuses of balking at paying its business interruption costs. …

30 03, 2021

Britain Shouldn’t Blindly Adopt EU Rules Just to Keep Business in London: BoE’s Brazier

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LONDON – Britain should not be “short-sighted” and copy European Union rules just to keep financial activity in London, Bank of England executive director for financial stability Alex Brazier said on Monday. The City of London was cut adrift from …

29 03, 2021

Tornado Touches Down in Vermont, Injuring at Least Two

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A tornado with an estimated wind speed of 110 mph touched down in Vermont on Friday afternoon, injuring at least two people. A statement from the National Weather Service in Burlington, Vermont, says the tornado threw a barrel into a …

30 03, 2021

Japan Chipmaker Renesas Says Normal Production at Fire-Hit Plant to Take 100-120 Days

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TOKYO – Japanese chipmaker Renesas Electronics said on Tuesday it would take at least 100 days to get back to normal production at its fire-hit plant, even as the government urged some Taiwanese companies to help with alternative chip production. …

29 03, 2021

New Jersey Governor Nominates Thompson as Insurance Fraud Prosecutor

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New Jersey Governor Phil Murphy has announced his nomination of Tracy Thompson as insurance fraud prosecutor. Thompson has led the Office of the Insurance Fraud Prosecutor in an acting capacity since March 2018. Her nomination, which will be formally submitted …

30 03, 2021

Guy Carpenter Launches Asia Pacific Capital Advisory Group

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Guy Carpenter & Co., reinsurance specialist and a unit of Marsh McLennan, announced the launch of its Capital Advisory Group in Asia Pacific, with the appointments of Michael Owen and Hussain Ahmad to lead this new operation. The capital pressures …

29 03, 2021

Underground Electrical Blast Rocks New Jersey’s Asbury Park

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Utility crews restored service after an underground electrical fire rocked the New Jersey shore city made famous by Bruce Springsteen’s music. Thursday’s blast caused two manhole covers to come out of the ground and forced the evacuation of some businesses …

30 03, 2021

Boeing Directors Seek Dismissal of Investors’ Lawsuit Over 737 MAX Safety

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Boeing Co. asked a Delaware court to throw out a shareholders’ lawsuit over the safety of its 737 MAX following fatal crashes, saying the board engaged in “robust and well-established” oversight of jet’s development. In an amended complaint unsealed in …