Remington Arms Co. on Tuesday offered to pay nearly $33 million to nine families to settle lawsuits claiming that its marketing of firearms contributed to the 2012 Sandy Hook school massacre in Newtown, Connecticut, where 26 people died. The proposed …
Global Risk Solutions Group Inc., the Miami-based P/C claims adjuster, has enhanced its Complex Claims Solutions (CCS) business unit with the addition of four claims professionals in London. These appointments are detailed here: Michael Morgan, head of Energy – Europe, …
NFP, a New York-based insurance broker and consultant, announced the formation of an exclusive strategic partnership in Canada with aviation re/insurance broker Piiq Risk Partners. The NFP Complex Risk Solutions Group will provide domestic account servicing in Canada to Piiq’s …
There could be a shortage of merchant sailors to crew commercial ships in five years if action is not taken to boost numbers, raising risks for global supply chains, a report said on Wednesday. The shipping industry is already struggling …
AIR Worldwide, the Boston-based catastrophe modeling firm, estimates insured losses in Germany from July flooding could approach €5 billion ($6 billion). Low pressure system “Bernd” parked itself over central Europe and brought about significant flooding from July 13 to 18, …
The family of a woman killed in a crash with a North Carolina sheriff’s deputy earlier this year will receive $1.25 million in a settlement agreement. The News & Observer of Raleigh reported the settlement was approved by the Johnston …
Global commercial insurance prices rose 15% in the 2021 second quarter, continuing a stunning track record of increases but far from their peak at the end of 2020, according to a new Marsh report. The Q2 numbers reflect the 15th …
London’s Court of Appeal made a U-turn on Tuesday by agreeing to reopen a $7 billion lawsuit by 200,000 claimants against Anglo-Australian mining giant BHP, reviving a case over a dam rupture behind Brazil’s worst environmental disaster. Lawyers for one …
Federal workplace safety officials are proposing nearly $1 million in fines against four companies following a liquid nitrogen leak in January that killed six workers at a northeast Georgia poultry processing plant. U.S. Labor Secretary Marty Walsh announced the citations …
Walt Disney Co’s cruise division said on Friday it would start operations from U.S. ports again next month, following a months-long pause due to the COVID-19 pandemic. Disney Dream will depart from Port Canaveral, Florida on Aug. 9 to the …
