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Court Tosses $223.8M Verdict Against J&J in Talc Cancer Case
A New Jersey appeals court on Oct. 3 threw out a $223.8 million verdict against Johnson & Johnson that a jury had awarded to four plaintiffs who claimed they developed cancer from being exposed to asbestos in the company’s talc …
POSTED OCTOBER 03, 2023 3:36 PM |
People Moves: Lockton Europe Taps WTW’s Rowley as Head of N. American Property; Sompo Int’l Names Faugas From AGCS as France Country Manager, Insurance
This edition of International People Moves details appointments at Lockton Europe and Sompo International A summary of these new hires follows here. Lockton Europe Taps WTW’s Rowley as Head of North American Property Lockton, the independent insurance broker, announced the …
POSTED OCTOBER 03, 2023 3:24 PM |
Independent Agents Are Shopping Premiums Despite Record High Carrier Satisfaction
Independent insurance agents report unprecedented satisfaction with their carrier partners, but that doesn’t mean they aren’t keeping their options open due to the rising cost of premiums. According to the J.D. Power 2023 U.S. Independent Agent Satisfaction Study, overall agent …
POSTED OCTOBER 03, 2023 3:18 PM |
Rapid Shocks in Store for Insurers in New Bank of England Stress Tests
The Bank of England said on Tuesday it will check the health of general insurers in 2025 with a “stress test” that includes a rapid series of shocks, as sector capital rules are eased. Regulators have introduced stress tests since …
POSTED OCTOBER 03, 2023 2:33 PM |
Alliant Names Griggs SVP of Americas Division, Based in Tennessee
Alliant Insurance Services, a major insurance distributor based in California, has named Mike Griggs senior vice president of its Americas division. Griggs, with almost 20 years in the insurance industry, will be based in Nashville and will manage property-casualty insurance …
POSTED OCTOBER 03, 2023 2:19 PM |
Louisiana Citrus Farmers Seeing a Mass Influx of Salt Water
Commercial citrus growers have dwindled over the past few decades in south Louisiana, where farmers have had to battle hurricanes, flooding, invasive insects, freezes and drought to keep their groves alive. The latest hurdle comes from a slow-moving threat, a …
POSTED OCTOBER 03, 2023 2:10 PM |
Consumer Product Injuries Continue to Rise After Low in 2020
Following the record low number of consumer product-related injuries reported in 2020 (an 18% decrease), injuries increased 6.8% in 2021 and 7.8% in 2022, according to the Consumer Product Safety Commission (CPSC). The agency reported that in the first seven …
POSTED OCTOBER 03, 2023 2:02 PM |
Lawsuits Blame Utility for Washington Fire That Killed Man and Burned Hundreds of Homes
Two lawsuits have been filed against an electric utility for allegedly sparking a fire in eastern Washington that killed a man and burned approximately 240 homes. A lawsuit filed in Spokane County Superior Court says Inland Power and Light Company`s …
POSTED OCTOBER 03, 2023 1:55 PM |
Bill Gates-Backed Florida Startup Aims to Turn Oil-Drilling Gas into Useful Methanol
(Bloomberg) — Semi trailer-sized machines could provide a unique solution to a major source of the fossil fuel industry’s methane problem. Rather than flaring or venting the planet-warming gas into the atmosphere, the machines can convert it into methanol, a …
POSTED OCTOBER 03, 2023 1:50 PM |
Video Shows Officers Surrounding Bloodied Man During Florida Traffic Stop
JACKSONVILLE, Fla. (AP) — A traffic stop captured on video by a bystander shows a handcuffed Black man with swollen eyes and a bloody face sitting on the ground surrounded by officers outside a vehicle in northeast Florida, and the …
POSTED OCTOBER 03, 2023 1:33 PM |
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