Beirut Port Explosion to Cost Insurers Approximately $3 Billion: Sources August 9, 2020 By Noor Zainab Hussain and Carolyn Cohn Insured losses from the Beirut port warehouse explosion are likely to total around $3 billion, similar to those from an...
Appeals Panel Rejects Suit over Abandoned Mine Shaft Death in Colorado August 7, 2020 A federal appeals panel has upheld the dismissal of a wrongful death lawsuit filed by the family of a woman...
8 Washington Fitness Centers Cited for Violating Safe Start Order August 7, 2020 Operators of eight fitness centers in Eastern Washington face fines totaling more than $77,000 for being open in violation of...
California Department of Insurance Fraud Suit Results in $24M in Payments from AbbVie August 7, 2020 California Insurance Commissioner Ricardo Lara this week announced a settlement agreement with AbbVie Inc. to resolve a lawsuit alleging violations...
Major League Baseball to Players and Staff: Wear Mask or You’re Out! August 7, 2020 Major League Baseball is cracking down on coronavirus safety protocols, mandating that players and staff wear face coverings at all...
New Risk to Global Supply Chains Emerges as Weary Crews, Stuck Offshore, Halt Work August 7, 2020 By Aaron Clark and Annie Lee A new risk to global supply chains is emerging as exhausted seafarers stuck offshore for months halt work, a breaking...
World’s Three Hottest Julys on Record Occurred During Last Five Years August 7, 2020 By Kate Abnett Last month was the world’s third-hottest July on record, new data show — the latest milestone in a global warming...
S. Africa’s Regulator to Clarify Policyholders’ Rights in Pandemic Insurance Claims August 7, 2020 By Emma Rumney South Africa’s financial watchdog is consulting with lawyers and the insurance industry on a potential test case to clarify whether...
Hannover Re’s CFO Vogel to Retire, Succeeded by Jungsthöfel from HDI Global August 7, 2020 After more than 30 years at Hannover Re, Chief Financial Officer Roland Vogel (60) will retire on Sept. 30, 2020....
Capital One Will Pay $80 Million Fine for Data Breach During Cloud Transfer August 7, 2020 By Pete Schroeder Capital One Financial Corp will pay an $80 million penalty to a U.S. bank regulator after the bank suffered a...