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Jury Awards $100M-Plus to Victims of Washington Crane Collapse

A jury awarded more than $100 million this week to some of the victims of a tower crane collapse that killed four people in Seattle in 2019. Workers were disassembling the 300-foot crane in strong wind gusts when it fell …

Oregon Man Sues for $43.5M over Brain Surgery Paralysis

A La Pine, Oregon, man is suing St. Charles Health System in Bend for $43.5 million after complications from brain surgery left him paralyzed. Jackie Dale Yeley filed the lawsuit in Deschutes County Circuit Court, through attorneys with the Barton …

Global Drugmakers Blast Plan for COVID Vaccine Patent Waiver

Global drugmakers condemned on Wednesday an initiative by four World Trade Organization members to introduce an intellectual property waiver for COVID-19 vaccines, saying it could undermine the industry’s ability to respond to health crises in future. The United States, the …

Firms Must Report Hacks to DHS in 72 Hours Under Law

The $1.5 trillion government funding package that President Joe Biden signed Tuesday includes sweeping cybersecurity legislation that will require critical infrastructure operators to quickly report data breaches and ransomware payments. The new law mandates that companies report hacks to the …

Lloyd’s Slaps Record Fine on Atrium Underwriters for Bullying, Harassment

Lloyd’s of London has fined syndicate member Atrium Underwriters over one million pounds ($1.31 million) for bullying and harassment, the largest fine it has imposed for misconduct, the commercial insurance market said on Wednesday. Lloyd’s said in its “notice of …

Munich Re Exits From Russian, Belarusian Business

Munich Re is joining other insurers, reinsurers and brokers that have withdrawn from business with Russia. Condemning Russia’s attack on Ukraine and supporting the sanctions, Munich Re said it will not renew existing contracts in Russia and Belarus, and new …

War in Ukraine Renews Questions Around Likelihood, Insurability of Cyber War

Since Russia launched a full-scale military invasion of Ukraine on February 24, questions have resurfaced about the likelihood of a global cyber war. While experts say there isn’t a credible threat at this time, the overall cyber threat landscape is …

Experts Confirm Cyber Incidents Up Since Invasion of Ukraine; Insurance Underwriters Adapting

Since the start of the war in Ukraine, the number of cyber incidents in the U.S. has increased, and underwriters will need to adapt, according to a panel of experts at the PLUS Cyber Symposium. “There’s no doubt that attacks …

Tussle Over Connected Vehicle Data Moving Into High Gear

LONDON — Where you go. What you pass. Where you stop. What you listen to. What you watch. Your good habits. Your bad habits. Companies in Europe and beyond are vying for control of the crown jewels of the connected …

Bermuda Suspends Permits for Russian Planes

Bermuda’s aviation regulator said it is suspending certification of all Russian-operated airplanes registered in the British overseas territory due to international sanctions over the war in Ukraine, in a move expected to affect more than 700 planes. The regulator said …

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