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

Judge Dismisses Defamation Claim Against Bezos Over National Enquirer Photos

Amazon.com Inc. founder Jeff Bezos won’t have to go to trial in a defamation lawsuit his girlfriend’s brother brought against him over nude photos of Bezos leaked to the National Enquirer. A California state judge, who had issued a tentative …

Equity Firm Cinven and Singapore’s GIC to Buy Insurance Broker Miller from Willis

Private equity firm Cinven and GIC, Singapore’s sovereign wealth fund, have agreed to acquire London-based specialist insurance and (re)insurance broker Miller from its partners and corporate member, Willis Towers Watson. The firms did not disclose financial details of the transaction. …

English Court Blocks $6.6B Brazil Lawsuit Against Mining Firm BHP Over Burst Dam

A 5.0 billion pound ($6.6 billion) English lawsuit against Anglo-Australian mining giant BHP has been struck out, in a blow to a 200,000-strong Brazilian claimant group seeking damages after a devastating dam failure in 2015. A High Court judge in …

Q&A: Where Drugmakers Are in the Race for COVID-19 Vaccine

Drugmakers and research centers around the world are working on COVID-19 vaccines, with large global trials of several of the candidates involving tens of thousands of participants well underway. The following is what we know about the race to deliver …

Digital Lloyd’s Syndicate Ki to Provide Howden with Follow Capacity

Fully-digital Lloyd’s of London syndicate Ki and global insurance broker Howden announced a partnership in which Ki is committing to provide substantial follow capacity for Howden’s clients and business partners over three years. Ki was created in collaboration with Brit …

Johnstone Partners Hires Friedman as an Adjuster in New York

Johnstone Partners has expanded its national risk management and claims adjusting practices with the hire of Andrew Friedman in New York. Friedman joins Johnstone Partners as an adjuster with six years of claims experience. He will bring his expertise to …

New Jersey Construction Worker Dies After Being Trapped Under Large Steel Beam

A construction worker was killed when he got trapped under a large steel beam at a site in northern New Jersey, authorities said. Orlando Rivas, 45, of Newark, was working in East Hanover when he became pinned beneath the beam …

N.Y. Man Charged with Insurance Fraud for Tow Yard Arson Causing $100K in Damages

A New York man has been charged with arson and other crimes after allegedly setting fire to vehicles in a tow yard and filing an insurance claim to collect the cash. Egor Spiridonov, of Broad Channel, Queens, has been charged …

Brown & Brown Acquires Digital Insurance Agency CoverHound and Its CyberPolicy Unit

Insurance broker Brown & Brown has acquired CoverHound, a digital property/casualty insurance marketplace, and CyberPolicy, CoverHound’s small business subsidiary. Neither side disclosed financial details of the asset transaction. After the deal closes, CoverHound and CyberPolicy will continue to operate independently …

Alabama Settles Terminix Suit Over Trade Practice Violations for $60M

Alabama has reached a $60 million settlement with Terminix International for systematically overcharging customers for termite services and failing to honor service contracts, Attorney General Steve Marshall announced Thursday. The attorney general said the pest control company committed multiple violations …