Dueling lawsuits have been added to the growing amount of litigation arising from the collapse of the Champlain Towers condominium building in Surfside, Florida, but the latest suits could have a significant impact on insurers’ payouts for the deadly disaster. …
Arch Capital Group Ltd., alongside private equity partners Warburg Pincus and Kelso & Co., announced that Watford Holdings Ltd. and Watford Re Ltd. have been renamed Somers Group Holdings Ltd. and Somers Re Ltd., respectively. Headquartered in Bermuda, the name …
Los Angeles County agreed to pay $2.5 million to two families who lost relatives in last year’s helicopter crash that killed Kobe Bryant, his daughter and seven other people. The Board of Supervisors approved a settlement of two federal lawsuits …
The nation’s workplace safety agency will officially publish tomorrow emergency guidelines for companies that must implement President Biden’s mandatory vaccine policy for employees. The policy covers employers with 100 or more employees and requires them to enforce a mandatory COVID-19 …
LONDON – Insurers could face European climate stress tests as soon as 2023, the head of the EU’s insurance regulator said at the Reuters Future of Insurance Europe conference on Thursday. The insurance industry faces exposure to climate change risk …
Smith Brothers Insurance, based in Glastonbury, Connecticut, has acquired Oxford Insurance Agency, an independent insurance agency in Oxford, Massachusetts. The transaction is effective November 1, 2021. The acquisition expands Smith Brothers Insurance’s footprint in Massachusetts and allows Oxford Insurance to …
The owner of a now-defunct Peabody, Massachusetts, construction company pleaded guilty in connection with a scheme to defraud the IRS of payroll taxes and to defraud his workers’ compensation insurance carrier by failing to disclose how many workers he employed. …
A Massachusetts man who pleaded guilty to defrauding Texas chicken products companies out of $630,000 through a fake invoice scheme has been sentenced to more than four years in federal prison, prosecutors said. Yannick Minang, 27, of Hingham was sentenced …
The Federal Aviation Administration (FAA) said Thursday it has referred more than three dozen unruly passengers to the FBI for potential criminal prosecution amid a sharp rise in onboard incidents this year. The FAA and Justice Department said they had …
The U.S. Securities and Exchange Commission on Wednesday published new staff guidance that may make it harder for corporations to keep shareholder proposals on matters like workforce diversity or climate from being voted on at annual meetings. The new bulletins …
