Monthly Archives: <span>March 2023</span>

In Filing With Regulators, Florida Citizens Wants Appraisers to Be Licensed Adjusters

Citizens Property Insurance Corp. has weighed in on a question that could shake up the appraisal process in Florida insurance claims disputes, urging state regulators to require that appraisers be licensed adjusters. In a motion to intervene in a petition …

Washington Contractor Fined $300K for Wage Violations

A Vancouver, Washington contractor was found to owe $201,223 in wages and interest to 20 employees on construction projects at four area schools. The contractor, 360 Sheetmetal LLC, and owner Beverley Martin, were also found to owe more than $115,000 …

Lawsuit: Officials ‘Mocked’ Nevada Prison-Firefighter Burns

A group of prison firefighters said their feet burned and their socks melded to their feet during a gruesome fire clean-up assignment that left several unable to walk, stand or shower without assistance for days, according to a new lawsuit. …

Philadelphia Residents Warned About Chemical Plant Spill in Delaware River

Philadelphia residents are being told that they may want to drink only bottled water following a chemical spill into the Delaware River in neighboring Bucks County. Bucks County health officials said Sunday that a leak late Friday evening at the …

7 Bodies Recovered From Site of Pennsylvania Chocolate Factory Explosion

WEST READING, Pa. (AP) – All seven bodies have been recovered from the site of a powerful explosion at a chocolate factory in a small town in eastern Pennsylvania, officials said. West Reading Mayor Samantha Kaag said in a statement …

Professional Benefit Services in Washington Acquired by Parker, Smith & Feek

Parker, Smith & Feek acquired Professional Benefit Services Inc. in Washington. PBS President Jere Meyer and Account Executives Katie Stewart and Lesley Behrndt will join Parker, Smith & Feek’s team of more than 350 associates. PBS provides group employee benefits …

Credit Suisse’s Catastrophe Bonds Should Outlive the Bank: DBRS Morningstar

Bonds designed to insure Credit Suisse Group AG against disaster could outlive the bank. Credit Suisse’s Operational Re bonds, insurance-linked securities that cover the bank against perils such as falling victim to fraud and accounting errors, should remain unaffected by …

Supreme Court Lets Chevron Foe Donziger’s Contempt Conviction Stand

The U.S. Supreme Court on Monday declined to hear a disbarred environmental lawyer’s challenge to his criminal contempt conviction after he earlier won but was unable to collect a $9.5 billion judgment against Chevron Corp. over oil pollution in Ecuadorian …

Markets/Coverages: CFC Adds Professional Liability, Tech E&O to Admitted Offerings

Specialist insurance provider CFC recently announced the expansion of its admitted product suite with the addition of professional liability and technology E&O. The company has been trading its admitted solution for cyber since 2020. Leveraging CFC’s award-winning trading platform and …

ConocoPhillips Details Gas Leak Cause, Remedies at Alaska Hearing

ConocoPhillips, which last week received U.S. government approval for the massive Willow oil drilling project in Alaska, detailed reasons for a natural gas leak at another North Slope field that prompted the evacuation of 300 employees last year. Officials with …