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Gunmaker Remington Offers $33M to Sandy Hook School Shooting Victims’ Families
Remington Arms Co. on Tuesday offered to pay nearly $33 million to nine families to settle lawsuits claiming that its marketing of firearms contributed to the 2012 Sandy Hook school massacre in Newtown, Connecticut, where 26 people died. The proposed …
POSTED JULY 28, 2021 11:24 AM |
Claims Adjuster Global Risk Solutions Appoints 4 to Complex Claims Unit in London
Global Risk Solutions Group Inc., the Miami-based P/C claims adjuster, has enhanced its Complex Claims Solutions (CCS) business unit with the addition of four claims professionals in London. These appointments are detailed here: Michael Morgan, head of Energy – Europe, …
POSTED JULY 28, 2021 11:09 AM |
NFP in Canada and Aviation Broker Piiq Risk Form Exclusive Partnership
NFP, a New York-based insurance broker and consultant, announced the formation of an exclusive strategic partnership in Canada with aviation re/insurance broker Piiq Risk Partners. The NFP Complex Risk Solutions Group will provide domestic account servicing in Canada to Piiq’s …
POSTED JULY 28, 2021 9:40 AM |
World Faces Shortage of Sailors for Commercial Ships, Risking Supply Chains: Report
There could be a shortage of merchant sailors to crew commercial ships in five years if action is not taken to boost numbers, raising risks for global supply chains, a report said on Wednesday. The shipping industry is already struggling …
POSTED JULY 28, 2021 8:21 AM |
Insured Losses from July Floods in Germany Could Approach $6B: AIR Worldwide
AIR Worldwide, the Boston-based catastrophe modeling firm, estimates insured losses in Germany from July flooding could approach €5 billion ($6 billion). Low pressure system “Bernd” parked itself over central Europe and brought about significant flooding from July 13 to 18, …
POSTED JULY 28, 2021 7:29 AM |
North Carolina County to Pay $1.25m to Family of Woman Killed in Accident With Sheriff’s Deputy
The family of a woman killed in a crash with a North Carolina sheriff’s deputy earlier this year will receive $1.25 million in a settlement agreement. The News & Observer of Raleigh reported the settlement was approved by the Johnston …
POSTED JULY 28, 2021 7:00 AM |
Global Commercial Insurance Price Hikes Moderated Further in Q2: Marsh
Global commercial insurance prices rose 15% in the 2021 second quarter, continuing a stunning track record of increases but far from their peak at the end of 2020, according to a new Marsh report. The Q2 numbers reflect the 15th …
POSTED JULY 28, 2021 6:29 AM |
London Court of Appeal Agrees to Reopen $7B Brazil Dam-Collapse Lawsuit Against BHP
London’s Court of Appeal made a U-turn on Tuesday by agreeing to reopen a $7 billion lawsuit by 200,000 claimants against Anglo-Australian mining giant BHP, reviving a case over a dam rupture behind Brazil’s worst environmental disaster. Lawyers for one …
POSTED JULY 28, 2021 6:09 AM |
Officials Propose $1m in Fines For Georgia Nitrogen Leak That Killed 6
Federal workplace safety officials are proposing nearly $1 million in fines against four companies following a liquid nitrogen leak in January that killed six workers at a northeast Georgia poultry processing plant. U.S. Labor Secretary Marty Walsh announced the citations …
POSTED JULY 28, 2021 12:38 AM |
Disney to Resume Florida-Based Cruises in August
Walt Disney Co’s cruise division said on Friday it would start operations from U.S. ports again next month, following a months-long pause due to the COVID-19 pandemic. Disney Dream will depart from Port Canaveral, Florida on Aug. 9 to the …
POSTED JULY 28, 2021 12:26 AM |
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