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AP to Defend Against Libel Claim by Russian Billionaire Over Trump Ties Story

A Russian billionaire with ties to Vladimir Putin sued The Associated Press on Monday for defamation over a story about his connections to a former Trump campaign chairman. Aluminum magnate Oleg Deripaska claimed in the federal defamation and libel lawsuit …

Oregon Radish Farmers Sue Bank For $6.7M

A group of Oregon farmers has filed a $6.7 million lawsuit against a bank for allegedly interfering with sales of radish seed and thus causing its value to decrease. The Capital Press reported the Radish Seed Growers’ Association suit filed …

1st Suit Filed Against Petroleum Corp. Following Colorado House Explosion

Neighbors have filed the first lawsuit stemming from a fatal house explosion in northern Colorado that’s blamed on unrefined natural gas flowing from a severed pipeline. The Longmont Times-Call reported Swiin Jeffrey and Karla Baum filed a negligence lawsuit against …

Families of Oakland Warehouse Fire Victims Sue

Attorneys representing the families of people who died in an Oakland, Calif. warehouse fire that broke out during an unlicensed concert plan to file a lawsuit against the building’s owner and manager. Lawyer Mary Alexander says she is filing the …

Hackers Access Email Database of E-Signature Service Used by Insurance Industry

Electronic signature service DocuSign said on Tuesday hackers had temporarily gained access to a database containing customer emails, which the company linked to a surge in phishing emails sent to its users. The company said the emails imitated the DocuSign …

Sompo Develops Nat Cat Model for NW Australia Offshore Oil & Gas Installations

Sompo Japan Nipponkoa Insurance Inc. (SJNKI) and Sompo Canopius AG are launching a natural catastrophe risk model for north-west Australia offshore oil and gas installations. The model development was carried out by Sompo Risk Management & Health Care Inc., which …

Drug Use at Work at Highest Rate in 12 Years: Quest

Drug use in the American workforce, fueled by illicit drugs including cocaine, reached the highest positivity rate in 12 years last year, according to an analysis of more than 10 million workforce drug test results. Overall positivity in drug testing …

JLT Re Appoints Lockton’s Barden and Warner to Aviation Team

JLT Re, the London-based reinsurance broker and consultant, has appointed Graham Barden and Jon Warner as partners in its aviation team. Barden has over 40 years of experience in the aviation market having worked in both reinsurance and insurance. He …

Fitch Urges Insurer Caution as Cyber Insurance Demand Grows

The recent ransomware attacks in more than 150 countries are likely to increase demand for related insurance protection as they reveal the widening scope of corporations’ cyber risk exposures. But Fitch Ratings says insurers should take a cautious approach to …

AXA Launches Unit Focusing on Innovation, New Business Models with Phillips as CEO

AXA has appointed Joyce Phillips as chief executive officer of a new business unit dedicated to customer innovation and new business models. Phillips becomes a member of the management committee of AXA Group and reports directly to Thomas Buberl, CEO …

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