Frankenmuth Insurance Appoints Ott Chief Legal Officer and Corporate Secretary Frankenmuth Insurance, headquartered in Frankenmuth, Michigan, appointed Kelly Ott as chief legal officer and corporate secretary. Ott is the company’s top legal advisor, overseeing corporate legal matters, governance, and regulatory …
Nuclear verdicts against corporate defendants reached a record high in 2024, led by cases involving products liability and intellectual property, according to a new report from research firm Marathon Strategies. The number of nuclear verdicts—those that surpass $10 million—rose to …
Corporate Nuclear Verdicts Surged to New Record High in 2024, Report Says Read More »
Builders Mutual Insurance and its subsidiary, Builders Premier, have agreed to pay a $39,000 penalty after a North Carolina market conduct examination again found issues with producer licensing, nonrenewals and subrogation recoveries. The Raleigh-based Builders already has issued small refunds …
NCDOI Fines Builders Mutual for Repeat Violations in Commercial Auto Read More »
CFC said it has extended the benefits of its new Cyber Proactive Response (CPR) coverage to existing policies tailored for the digital health, fintech, and technology sectors, effective immediately. “Each of these sectors is a prime target for cybercriminals due …
Markets/Coverages: CFC Adds Cyber Proactive Response to More Industry Products Read More »
A small plane crashed into a San Diego neighborhood during foggy weather early Thursday, setting about 15 homes on fire as well as vehicles, and forcing evacuations along several blocks, authorities said. “We have jet fuel all over the place,” …
Plane Crashes into San Diego Neighborhood, Setting Homes And Vehicles on Fire Read More »
A federal bankruptcy judge in Connecticut has approved a clergy sex abuse settlement between the Catholic Diocese of Norwich and creditors and survivors that includes a $31 million fund to compensate victims. The plan seeks to provide recovery to those …
Bankruptcy Judge Approves Norwich Diocese Plan With $31 Million for Abuse Survivors Read More »
Major airline CEOs on Wednesday called on Congress to approve billions of dollars in funding to modernize the United States’ aging air traffic control system, saying it is “failing Americans.” The Federal Aviation Administration’s air traffic control network’s woes have …
Air Traffic Control System Failing Americans, Airline CEOs Say Read More »
Thames Water tops a list of water companies under criminal investigation for pollution by the UK government, a move that could complicate efforts to turn around the beleaguered British utility. The firm, which serves about a quarter of the UK, …
Thames Water Tops List of Firms Facing Criminal Probes Over Pollution Read More »
Climeworks AG is laying off 106 people, as startups that aim to reverse global warming face a reckoning with the US government slashing climate incentives and programs. The Swiss startup was one of the first companies to develop direct-air capture …
Climeworks Is Cutting 22% of Staff as US Climate Backlash Hits Carbon Removal Read More »
Aircraft lessor SMBC Aviation Capital has booked a further $654 million in proceeds from insurance settlements over the past year related to jets stranded in Russia following Western sanctions, the Irish-headquartered company said on Thursday. That brought SMBC’s total recoveries …
Aircraft Lessor SMBC’s Proceeds From Russian Jet Insurance Settlements Hit $1.4B Read More »
