Kentucky Supreme Court Overturns Escape Clause Meaning, Affirms Roof Collapse December 23, 2024 By William Rabb Two Kentucky Supreme Court rulings handed down last week emphasize how important it can be to have clearly worded insurance...
California Labor Commissioner Fines Luxury Resort $4.4M for Worker Recall Violations December 23, 2024 The Labor Commissioner’s Office fined the Maybourne Beverly Hills $4.4 million for violating California’s Worker Recall Law. The LCO issued...
Military Contractor to Pay $426K for Using Foreign Parts in Products December 23, 2024 A Vermont military contractor will pay nearly half a million dollars to settle allegations that it used some foreign-sourced materials...
Hub Acquires Great Basin Insurance in Oregon December 23, 2024 Hub International Ltd. acquired the assets of Great Basin Insurance Inc. Agency Partners Dana Loreman and Bill Gilmore Jr., and...
Global Warming Can’t Be Ignored, Montana’s Top Court Says, Upholding Landmark Climate Case December 20, 2024 By Amy Beth Hanson Montana’s Supreme Court upheld a landmark climate ruling that said the state was violating residents’ constitutional right to a clean...
Chicago Restaurant Owners to Pay $125K in Overtime Back Wages December 20, 2024 The U.S. Department of Labor obtained a consent judgment and order in the U.S. District Court for the Northern District...
Swiss Re’s Business Unit CEOs Share Views on Key Risk Themes of 2025 December 20, 2024 Social inflation will continue to be a top concern for insurers and reinsurers in 2025 with US liability claims increasing...
Tesla Recalls Nearly 700,000 Vehicles in Over Tire Pressure Monitoring Issue December 20, 2024 Tesla said on Friday it was recalling 694,304 vehicles in the United States over an issue with the tire pressure...
Liberty Mutual Weighs Sale of Thailand, Vietnam Assets December 20, 2024 By Jan-Henrik Förster, Elffie Chew and Manuel Baigorri Liberty Mutual Holding Co. is considering a sale of its businesses in Thailand and Vietnam as the US insurer seeks...
Safeco to Stop Writing New Condo and Renter Policies in California December 20, 2024 It appears another insurance carrier is turning sour on wildfire-prone California. Safeco, a Liberty subsidiary, is preparing to stop writing...