Daily Archives: <span>August 2, 2021</span>

Parents Suing Vehicle Maker a Year After 9 Troops Died Off California Coast

The families of eight Marines and one sailor who died when their amphibious assault vehicle sank off the Southern California coast last summer plan to sue the manufacturer of the vehicle that resembles an armored seafaring tank, their lawyers announced …

Idaho Man Sues Scouts Over Alleged Childhood Sex Abuse

An Idaho man is suing the Boy Scouts of America for failing to warn children that took part in the youth program that they could be exposed to sex abusers. The man, who uses the name Mark Doe 14 in …

Robot Lawyer DoNotPay, Valued at $210 Million, Plans to Target Small Businesses

DoNotPay, a startup that describes itself as a robot lawyer striving to beat bureaucracy, has more than doubled its valuation to about $210 million, according to Chief Executive Officer Joshua Browder. The firm raised $10 million from Andreessen Horowitz, Lux …

New Securities Class Actions Including M&As Down But SPAC-Related Suits Up

Plaintiffs filed 112 new securities class action lawsuits in federal and state courts in the first half of 2021, down 25% from the second half of 2020. This was the lowest number of filings since the first half of 2015, …

New England Flash Flooding Leads to Home Rescues, Washed Out Roads

Heavy, continuous rain in parts of northern New England led to flash flooding, washed out roads and a few home rescues, authorities said. Police in Marlow, in southwestern New Hampshire, said four people and two animals were rescued Thursday night …

Eight Tornadoes Confirmed in New Jersey, Pennsylvania During Storms

The National Weather Service has confirmed eight tornadoes in Pennsylvania and New Jersey during Thursday’s storm, including the EF-3 storm in eastern Pennsylvania and an EF-2 tornado that started in the Keystone State and then moved into the Garden State. …

Virginia Judge Upholds Liberty University’s Suit Against Falwell

A Lynchburg judge has upheld most of a lawsuit Liberty University filed against its former leader, Jerry Falwell Jr., after an acrimonious parting last year. The lawsuit survived its first round of legal challenges Friday as Falwell’s attorneys argued motions …

People Moves: JLT Re’s González to Oneglobal LatAm; Aon’s Cousar to McGill and Partners in APAC; CFC’s Alsegard Leads Gallagher’s IP Practice

This edition of International People Moves covers appointments at three London-based brokers: Oneglobal, McGill and Partners, and Gallagher A summary of these new hires follows here. Oneglobal Broking, the London-based broker, announced the appointment of José Miguel González as chief …

BMS Re Launches Bermuda Unit, Led by Former Alterra Executive Mullan

BMS Re, the London-based independent reinsurance broker, announced the launch of BMS Re in Bermuda. Once necessary visa and regulatory requirements are met, Adam Mullan will be appointed as executive director. BMS Re’s launch in Bermuda is the latest step …

CNA Overcame Cyber Attack to Finish Strong in Q2

CNA Financial Corp. (CNA) announced second quarter 2021 net income of $368 million versus $151 million in the prior year quarter. The quarter saw improvement in the underlying combined ratio, very strong investment results and a lower level of catastrophe …