Monthly Archives: <span>October 2023</span>

Lawyers Argue Over Workers’ Compensation for Teacher Shot by 6-Year-Old

Lawyers sparred in a Virginia courtroom Friday over whether a teacher who was shot by her 6-year-old student should get only workers` compensation for her serious injuries. Abby Zwerner is suing Newport News Public Schools for $40 million, alleging gross …

Member of Crew Tied to 490 Catalytic Converter Thefts Pleads Guilty

A Springfield, Massachusetts man pleaded guilty in federal court in Boston last week to his role in a regional organized theft crew that stole catalytic converters from over 490 vehicles. According to Acting U.S. Attorney Joshua S. Levy, Santo Feliberty …

EPA Urges Ban on Chemical Cited in ‘Civil Action’ Movie About Massachusetts City

The U.S. Environmental Protection Agency last week proposed banning the cancer-causing chemical trichloroethylene, which can be found in consumer products including automobile brake cleaners, furniture care and arts and crafts spray coating. The move would end a nearly four decade …

Builder’s Risk: Controlling Potential Risk

This post is part of a series sponsored by IAT Insurance Group. Property insurance offers protection for a building once it’s operational. A builder’s risk policy insures against physical loss or damage to a building during construction. A builder’s risk …

NFP Buys UK-Based Resolute Insurance Services

NFP, a New York City-based property/casualty broker, announced it has acquired Resolute Insurance Services, an independent insurance broker based in the West Midlands. Financial details of the deal were not disclosed. NFP said the acquisition expands its commercial insurance product …

Bankman-Fried Acknowledges ‘Mistakes’ But Testifies He Did Not Defraud Anyone

Sam Bankman-Fried, testifying in his own defense at his fraud trial on Friday, acknowledged that a “lot of people got hurt” when the FTX cryptocurrency exchange he founded collapsed, but said he did not defraud anyone or take customer funds. …

Re/insurer SiriusPoint and MGA Banyan Risk Extend Capacity Relationship

SiriusPoint Ltd., the specialty insurer and reinsurer, and managing general agent Banyan Risk Ltd. announced an extension of their capacity partnership. The deal extends for three years the Bermuda-based companies’ existing commercial relationship. At the same time, it concludes the …

The Hartford Q3 Income Jumps 93% on Commercial Lines Results

The Hartford reported a 93% increase in third quarter net income to $645 million driven by results in its commercial lines segment. The Hartford, Connecticut-based insurer said third quarter net income in commercial lines grew more than 80% to $519 …

Toll Rises to 8 Dead, 63 Hurt in Louisiana Interstate Pileup Blamed on Fog, Fire Smoke

The toll from a series of crashes on a Louisiana interstate rose to eight dead and 63 injured, a day after a “super fog” of marsh fire smoke and dense fog snared more than 160 vehicles in the fiery pileup, …

Lawyers Trade Blame for 2019 California Boat Fire That Killed 34 People as Trial Begins

Federal prosecutors said this week that the captain of a scuba dive boat should be held responsible for the deaths of 34 people killed in a fire aboard the vessel in 2019, while the captain`s defense attorneys said the boat’s …