Monthly Archives: <span>February 2020</span>

California Jury Awards Ex-One America News Network Employee $290K

An African-American man fired from his TV talk show producer job at One America News Network was not harassed on the basis of racial prejudice, but was fired in part because he lodged his complaint, a California jury found. The …

Jury Orders J&J to Pay $750 Million in Baby Powder Cancer Trial

Johnson & Johnson was ordered on Thursday by a New Jersey state jury to pay punitive damages of $750 million to four plaintiffs who allege that the company’s Baby Powder caused their cancer, a ruling that will be reduced to …

Florida Business Owner Accused of Evading $200K in Workers’ Comp Premium

A Florida business owner is accused of evading paying nearly $200,000 in workers’ compensation insurance premiums over the course of a year, according to a statement from the Florida Department of Financial Services. Chief Financial Officer (CFO) Jimmy Patronis announced …

Homeowners Insurtech Openly Expands Into Tennessee

Openly Inc., an insurtech backed by Gradient Ventures, Google’s AI-focused venture fund, has gone live in Tennessee. The addition of Tennessee comes on the heels of the company’s launch and funding announcement in late 2019, along with a recent expansion …

Chubb Closes Out 2019 with Strongest Growth in Years

Chubb has plenty to celebrate about its 2019 fourth quarter. The global insurer enjoyed a large jump in net income due mostly to rate hikes and property/casualty underwriting gains. Chubb’s catastrophe losses also declined. Chubb Chairman and CEO Evan Greenberg …

Germany’s HDI Group Acquires Cyber Specialist Perseus

The HDI Group has acquired Berlin-based Perseus Technologies GmbH, a start-up that has specialized in the prevention of cyber risks and emergency cyber assistance. The acquisition enables the Hannover-based HDI Group to offer cyber insurance policies and cyber security concepts …

Hong Kong Insurers Say Sales Have Fallen to ‘Almost Nothing’ Due to Coronavirus

For Hong Kong insurers, the coronavirus outbreak is a second blow. Already reeling from at-times violent demonstrations that slowed the flood of Chinese travelers — one of the biggest sources of new policyholders — to a trickle, the spread of …

Report: Florida Will See Noticeable Climate Change Impacts in 20 Years

When scientists talk about climate change effects like sea level rise and extreme temperatures, they’re typically referring to things predicted to start noticeably occurring as soon as, say 2050, or into the next century. But the impacts of climate change …

Daughter of Worked Killed in Texas Oil Well Blast Sues Chesapeake Energy, Other Firms

Chesapeake Energy Corp. and three oilfield service firms were sued by the daughter of a worker who suffered fatal injuries when a Texas oil well exploded in flames in late January. The wrongful death suit seeks at least $1 million …

Supreme Court to Consider Fast Track for Obamacare Appeals

The U.S. Supreme Court signaled it will use its Feb. 21 private conference to discuss whether to consider the fate of the Affordable Care Act on a fast-track schedule that would mean a decision by the end of June. The …