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News – Insurance Journal
Up to 40% of Losses from Frost Damage at French Vineyards Are Uninsured
PARIS – Frost damage to French vineyards this month could reduce wine production by nearly a third compared with recent years, farm office FranceAgriMer said on Thursday, citing initial estimates from wine producers. The losses, subject to revision as the …
POSTED APRIL 23, 2021 8:54 AM |
Ex-Deloitte Auditor Faces Disciplinary Action for Improper Audit of S. Africa’s Steinhoff
An ex-Deloitte LLP partner is facing disciplinary action in the Netherlands for an improper audit of Steinhoff International Holdings NV prior to the South African retailer’s near collapse more than three years ago. The Dutch Authority for the Financial Markets …
POSTED APRIL 23, 2021 8:36 AM |
AM Best Revises Outlooks to Positive for Convex Group’s Subsidiaries
AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of “a-” of Convex Insurance UK Ltd. and Convex Re Ltd. Both entities are wholly …
POSTED APRIL 23, 2021 7:58 AM |
Pennsylvania Moves Closer to Allowing Lawsuits by Child Sex Abuse Victims
For the first time, prominent Republican state senators on Wednesday put their support behind legislation in Pennsylvania to change the law to allow now-adult victims of child sexual abuse to sue the perpetrators or institutions that did not prevent it …
POSTED APRIL 23, 2021 6:57 AM |
Florida House Overwhelmingly Approves Consumer Privacy Bill
The Florida House resoundingly approved a consumer privacy bill on Wednesday, giving the public an opportunity to regain ownership of the personal data collected by companies and the right to sue companies for mishandling information in a marketplace where consumers …
POSTED APRIL 23, 2021 6:43 AM |
Hackers Publish Florida School District Files After $40M Ransom Unpaid
Hackers who sought $40 million in ransom from a South Florida school district that refused to pay have now published nearly 26,000 stolen files. Many of the files, dated from 2012 to March 2021, contain Broward School District accounting and …
POSTED APRIL 23, 2021 6:37 AM |
Plaintiff Lawyers Accuse Bayer of ‘Pay to Appeal Scheme’ in Roundup Litigation
Bayer AG’s strategy to get a favorable ruling in its Roundup litigation is a manufactured “pay-to-appeal scheme” that will erode the U.S. system of justice if it’s permitted, plaintiffs’ lawyers said in a letter to a court. Lawyers who are …
POSTED APRIL 23, 2021 5:00 AM |
New York City Lawsuit Claims Exxon, BP, Shell Mislead Over ‘Cleaner’ Fuels
New York City on Thursday sued three major oil companies and the top industry trade group in state court, arguing that the companies are misrepresenting themselves by selling fuels as “cleaner” and advertising themselves as leaders in fighting climate change. …
POSTED APRIL 23, 2021 5:00 AM |
‘Suspicious’ Apartment Fire in New York Displaces More Than 20 Residents
Fires at an apartment complex displaced more than 20 people on Sunday night, with authorities saying the blaze was suspicious and appeared to have been started in the recycling bins left on back porches. This is the second fire to …
POSTED APRIL 23, 2021 4:55 AM |
Suit Pitting Insurers Against Washington Commissioner Getting Heard
A case pitting several insurer groups against Washington Insurance Commissioner Mike Kreidler is set to be heard on Friday morning. The Independent Insurance Agents and Brokers of Washington, the Professional Insurance Agents of Washington and the American Property Casualty Insurance …
POSTED APRIL 22, 2021 9:25 PM |
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