liabilities News

Like Bonnaroo Fest in Tenn, Outdoor Venues Facing Challenges with Climate Change

Since its debut on a rural Tennessee farm two decades ago, the Bonnaroo Music and Arts Festival strived to be one of the country’s greenest music festivals, investing in recycling, composting, solar energy and other improvements. But last August Tennessee …

A Look at PG&E’s Rapid Fall After California Wildfires

On an unusually warm day in northern California, hot and dry winds whipped through the Sierra Nevada foothills northeast of San Francisco. It was Thursday, Nov. 8, and a “red-flag warning” from the National Weather Service was already out, cautioning …

PG&E Bankruptcy Looms With $30B in Potential Liabilities from California Wildfires; CEO to Exit

PG&E Corp. said it will file for bankruptcy in California after the cost of wildfires left it with potential liabilities of $30 billion or more, gutting its share price and prompting the departure of its chief executive officer. The San …

Minnesota Archdiocese Sues Insurance Companies for Coverage

The Archdiocese of St. Paul and Minneapolis in Minnesota said it is suing some 20 insurance companies to try to force them to cover its liabilities for clergy sex abuse claims. The complaint, filed in federal court, says the carriers …

Arizona Law to Protect Cities From Catastrophic Death Costs

Arizona Gov. Jan Brewer has signed a bill that would protect cities and towns from large insurance liabilities in the case of a disaster that results in the death or serious injury of a public safety employee. House Speaker Andy …

Catalina Acquires Runoff Vehicle KX Re from Tawa

Catalina Holdings (Bermuda) Ltd has announced that it has signed a definitive Share Purchase Agreement to acquire 100 percent of the shares in KX Reinsurance Company Limited, including KX Re’s wholly owned subsidiary OX Reinsurance Company Limited, from Tawa plc. …

Montana Jury Awards Damages In Landslide Lawsuit

A Gallatin County jury has awarded over $1 million in damages to two couples who unknowingly purchased property on an active landslide at a private ski resort and golf community in southwestern Montana in 2005. Last summer, a judge found …