Monthly Archives: <span>October 2024</span>

Minnesota Aquarium Manufacturer Fined $226K for Alleged Pesticide Violations

The U.S. Environmental Protection Agency announced last month a settlement with Underwater Creations Inc. of St. Louis Park, Minnesota, to stop the sale of unregistered pesticide products. The settlement requires the company to stop production and pay a $226,652 penalty. …

Michigan Culver’s Restaurants Sued for Discriminating Against Transgender Employee

Five related entities operating Culver’s restaurants in Michigan violated federal law when they fired a transgender employee and three of his colleagues after they complained about harassment, the U.S. Equal Employment Opportunity Commission (EEOC) charged in a lawsuit. The EEOC …

Clear Group Acquires Lilley Plummer Risks, Entering Wholesale Lloyd’s Broker Space

Clear Group, the UK independent insurance broker that is owned by Private Equity at Goldman Sachs Alternatives, has entered the wholesale Lloyd’s broker space with the acquisition of Lilley Plummer Risks Ltd., a London-based marine and property specialist. Financial details …

Markets/Coverages: Hartford and Coalition Announce Cyber Capacity Partnership in UK

The Hartford and cyber-MGA Coalition announced a strategic, long-term capacity partnership in response to growing customer and broker demand for Coalition’s active cyber insurance approach in the UK market. The new capacity agreement combines the established strength of The Hartford …

Global Natural Catastrophe Insured Losses Exceed $102B During Q1-Q3 2024: Aon

The third quarter of 2024 saw a significant number of natural disaster events, which drove year-to date economic losses above at least $258 billion and insured losses of at least $102 billion, according to Aon plc in its Q3 Global …

Program Uses AI to Send Cash Payments to 1,000 Households Hit by Hurricanes

Nearly 1,000 hurricane-impacted households in North Carolina and Florida will benefit this week from a new disaster aid program that employs a model not commonly used by philanthropy in the United States: Giving people rapid, direct cash payments. The nonprofit …

AI Chatbot Pushed Florida Teen to Suicide, Lawsuit Against Its Creator Alleges

In the final moments before he took his own life, 14-year-old Sewell Setzer III took out his phone and messaged the chatbot that had become his closest friend. For months, Sewell had become increasingly isolated from his real life as …

North Carolina Governor Approves $600 Million in Helene Recovery Funding

North Carolina Gov. Roy Cooper approved more than $600 million worth of disaster relief funding last Friday for western North Carolina counties affected by Hurricane Helene after legislators passed the recovery bill the day before. The bill is the second …

Judge Cans North Carolina Captive’s Claims That Managers Stole Software

Six months after a North Carolina captive insurance firm for nursing homes around the country accused its managers of poaching proprietary software and forming a competing management company, a federal judge has dismissed the lawsuit. “Plaintiffs have pleaded no factual …

WTW Launches Insurance Brokerage Service in Japan

WTW announced the expansion of its Corporate Risk & Broking (CRB) business in Japan with the launch of an insurance brokerage service. The new service will offer insurance solutions to commercial clients, as well as wholesale facultative reinsurance placement services …