News

New Delhi Factory Fire Takes 43 Lives

At least 43 people died in a blaze in New Delhi early Sunday morning, authorities said. The fire broke out in a factory operating in a residential area, Anil Mittal, a spokesman for the Delhi police said. The state government …

UK Judge Blocks Nigerian Court’s Oil Spill Damages Order Against Shell

Royal Dutch Shell Plc units won a UK ruling preventing London courts from enforcing a $516 million Nigerian judgment for damages caused by an oil spill half a century ago. Judge Jason Coppel on Thursday overturned an attempt to carry …

Jury Clears Tesla CEO Musk of Defamation Claim for ‘Pedo’ Tweet

Elon Musk defeated defamation allegations Friday from a British cave explorer who claimed he was branded a pedophile when the Tesla CEO called him “pedo guy” in an angry tweet. Vernon Unsworth, who participated in the rescue of 12 boys …

Industry Representative Puts Fire Insurance Availability at Feet of Commissioner

California Insurance Commissioner Ricardo Lara will have to choose whether he wants insurers to charge higher rates or to stop writing homeowners insurance in fire-prone areas, an industry representative said following new wildfire directives announced by the commissioner. Lara on …

Former Georgia Mayor Pleads Guilty to 30 Counts of Insurance Fraud

A former Georgia mayor pleaded guilty Tuesday to 30 counts of insurance fraud after stealing over $11,000 from victims who believed they were paying for insurance policies. Former Franklin Mayor Brad Yates, in a negotiated plea deal, was sentenced to …

Woman Sues North Carolina Nursing School for Harassment in ‘Time’s Up’ Case

A woman who says she was kicked out of a North Carolina nursing school a month before graduation in retaliation for accusing a supervisor of sexual harassment is suing in a case supported by the Time’s Up movement legal fund. …

Texas Woman, Man Convicted of Workers’ Comp Fraud in Separate Cases

Texas Mutual Insurance Co. reported that two Texans have been convicted of workers’ compensation fraud in two separate cases. The workers’ compensation insurer said Sharon Boachie of Arlington and Larry Toliver of Knox City were sentenced in Travis County district …

Texas City Again Issues Voluntary Evacuation Order over Chemical Plant Blast

Concerns over air quality have prompted a voluntary evacuation order that was in effect on Dec. 5 for a Texas Gulf Coast city where a pair of chemical plant explosions occurred last week. Port Neches issued the voluntary order for …

Fitch Sees Stronger Commercial Lines But Weaker Auto, Work Comp Results Coming

The U.S. property/casualty insurance sector should see small improvements in underwriting profits in 2019 and 2020, thanks largely to commercial lines price increases, Fitch Ratings predicts in a new report. But personal auto and workers’ compensation will be two lines …

Officials Say Regulation Standards Factor in Alaska Quake Damage

Assessments following Alaska’s enormous 2018 earthquake showed building damage was worse outside Anchorage’s safety area because of reduced regulation, municipal officials said. There was less structural damage in the Anchorage Building Safety Service Area than in the Chugiak-Eagle River area …

News Archives by Month