Monthly Archives: <span>December 2022</span>

President Biden Approves Emergency Declaration for New York Counties

President Joe Biden has approved New York Governor Kathy Hochul’s request for a federal emergency declaration as a result of the historic winter storm that continues to impact the Western ad North Country regions of the state. The storm brought …

Extreme Cold, Travel Chaos to Continue Into This Week

BUFFALO, N.Y. (AP) — The deep freeze from a deadly winter storm that walloped much of the United States will continue into the week as people in western New York deal with massive snow drifts that snarled emergency vehicles and …

Credit Agricole Strikes Long-Term Bancassurance Deal with Banco BPM

Credit Agricole on Friday struck a long-term bancassurance partnership with Italy’s Banco BPM, strengthening ties with the country’s number three lender, in which it is already the top investor. The French bank, which took a 9.2% stake in Banco BPM …

Japan Urges Its Insurers to Retain Marine War Cover for LNG Shippers in Russian Waters

The Japanese government has asked insurers to take on additional risks to continue providing marine war insurance for liquefied natural gas (LNG) shippers in Russian waters, a senior official at the industry ministry said. The Financial Services Agency and Agency …

U.S. Judge Bars 3M From Shifting Earplug Liability to Bankrupt Unit

A U.S. judge on Thursday [Dec. 22] barred 3M Co. from trying to avoid liability for injuries current and former U.S. military members sustained from its allegedly defective earplugs by shifting blame to a subsidiary. U.S. District Judge M. Casey …

Government Funding Bill to Bolster U.S. Antitrust Regulators

A $1.7 trillion government funding bill approved by the U.S. Senate Thursday will bolster U.S. regulators and make it easier for states to bring antitrust lawsuits. The Federal Trade Commission (FTC), which has a number of major technology investigations underway, …

Facebook Parent Meta to Settle Cambridge Analytica Scandal Case for $725M

Facebook owner Meta Platforms Inc. has agreed to pay $725 million to resolve a class-action lawsuit accusing the social media giant of allowing third parties, including Cambridge Analytica, to access users’ personal information. The proposed settlement, which was disclosed in …

Florida Attorney Strems Disbarred; Public Adjuster’s License Could be Revoked

Florida officials have taken strong action against two of the insurance industry’s most-detested adversaries, disbarring a notorious plaintiffs’ attorney who filed thousands of frivolous claims lawsuits, and moving to revoke the license of a public adjuster that obstructed insurers in …

Transportation Industry Outlook 2023: Economic headwinds usher in challenging climate for fleets

This post is part of a series sponsored by IAT Insurance Group. Historically high inflation, a looming recession and serious supply chain struggles continue to plague fleet owners and owner-operators who are the backbone of our economy, moving 72% of …

Alex Jones Loses Bid to Have Sandy Hook Verdict Set Aaide

A Connecticut judge on Thursday denied Infowars host Alex Jones’ motion seeking a new trial and the overturning of a jury verdict requiring him to pay hundreds of millions of dollars to families of victims of the Sandy Hook Elementary …