SafePoint Insurance Co. will assume 30,000 Louisiana homeowners policies from two insolvent insurers, Insurance Commissioner Jim Donelon announced Dec. 29. The 19th Judicial District Court approved terms of the takeover, which is retroactive to Dec. 1. The Louisiana Department of …
A federal judge has found that Skanksa USA, part of one of the largest construction companies in the world, failed to secure its barges before a 2020 Florida hurricane hit. The ruling opens the door to hundreds of lawsuits from …
The Executive Liability Division of Great American Insurance Group and the Austin, Texas-based insurtech, Assurely will offer Directors and Officers Liability (D&O) insurance to private companies raising capital via technology platforms/portals and the internet; specifically, but not limited to, those …
A former Linn County sheriff’s deputy and his lawyers will receive more than $500,000 to settle a lawsuit he filed claiming that he was harassed and discriminated against because he took paternity leave. Scott Becker filed a federal lawsuit against …
Six more minor earthquakes were reported in South Carolina this week, potentially raising new demand for earthquake insurance. The U.S. Geological Survey said that Wednesday’s 2.3 magnitude earthquake hit around 4:12 a.m., four miles of Elgin, in the Midlands region …
A workplace safety investigation into the June death in Neville Island, Pennsylvania, of a 19-year-old roofing worker found two commercial contractors willfully failed to use fall protection systems that might have saved his life. Instead, the worker fell 30 feet …
A retired priest who once oversaw the safety of children in a Catholic diocese in the Washington suburbs has been charged with sexually assaulting a child, Virginia’s attorney general announced Tuesday. A Fairfax County grand jury indicted Terry Specht, 68, …
HSBC said on Thursday it had received regulatory approval in China to take full ownership of its life insurance joint venture in the country, as it continues to expand its non-core banking services. HSBC has got clearance from the Shanghai …
Tesla Inc. is recalling more than 475,000 of its Model 3 and Model S electric cars to address rearview camera and trunk issues that increase the risk of crashing, the U.S. road safety regulator said. The U.S. electric vehicle manufacturer …
When the Food and Drug Administration last week identified the likely sources of a powerful carcinogen that’s been found in a myriad of personal-care products, it was the latest development in a year of recalls that has shown the potential …
