Yearly Archives: <span>2023</span>

Ohio Dollar General Fined $395K for Hazardous Workplace Conditions

Following yet another inspection – this time at a West Lafayette, Ohio, Dollar General location – federal investigators found one of the nation’s largest discount retailers continues to shelve serious safety concerns that expose workers and others to the dangers …

Kansas Man Arrested on Suspected Arson That Killed Woman, 2 Girls

TOPEKA, Kan. (AP) – The only survivor of a Kansas house fire that killed a woman and two young girls has been arrested on suspicion of setting the blaze. Topeka police arrested Kyle J. Tyler, 32, of Holton, on Saturday, …

Brown & Brown Reports Q4 Net Income of $145M

Brown & Brown Inc. (BRO) on Monday reported fourth-quarter net income of $145.2 million. The Daytona Beach, Florida-based insurance brokerage said it had profit of 51 cents per share. Earnings, adjusted for non-recurring gains, came to 50 cents per share. …

FBI Says N. Korea-Related Hacker Group Behind Crypto Firm Heist

A hacker group associated with North Korea, the Lazarus Group, also known as APT38, was responsible for the theft last June of $100 million from U.S. crypto firm Harmony’s Horizon bridge, the Federal Bureau of Investigation said on Monday. On …

Subpoena Granted in Reno Mayor’s Lawsuit over Tracking Device

A Nevada judge has granted subpoenas sought by Reno Mayor Hillary Schieve to force a private investigator to identify who hired his firm to secretly install a tracking device on her vehicle. Washoe County District Judge David Hardy approved the …

Moody’s RMS Estimates $5B-7B in Economic Losses from California Flooding

Moody’s RMS estimates total economic losses from the recent California flooding at between $5 billion and $7 billion, and insured losses are anticipated to be between $500 million and $1.5 billion, including losses to the National Flood Insurance Program and …

Report Says Social Inflation Adds Up to 11% to Physician Malpractice Claims

Social inflation accounts for 8% to 11% of all medical malpractice losses for carriers that insure physicians, according to an actuarial analysis commissioned by The Doctors Co. TDC hired Moore Actuarial Consulting to estimate how much insurers’ average losses are …

Twitter Sued in Germany in Bid to Force Vetting of Antisemitic Posts

Twitter Inc. was hit by a lawsuit in Germany by an anti-hate speech organization and a European group of Jewish students in a bid to force the platform to remove antisemitic content. HateAid and the European Union of Jewish Students …

A Class-Action Wave Is Coming for ESG Claims

Lawyers are bracing for an increase in ESG-related cases as corporate disclosure requirements stiffen around the world. A survey by the law firm Norton Rose Fulbright found that 28% of more than 430 general counsel and in-house litigation leaders said …

Markets/Coverages: kWh Analytics, Aspen Partner on Property for Renewables; Hub Starts People & Tech Consulting; DUAL New Fine Art Program

kWh Analytics, Aspen Partner on Property Insurance for Renewables kWh Analytics, a leader in climate insurance, announced the launch of property insurance for renewable energy assets with capacity partner Aspen Insurance. This new product will provide coverage against physical damage …