The operators of Camp Mystic in Texas, where 25 girls and two teenage counselors died in catastrophic flooding on July 4, failed to take necessary steps to protect the campers as life-threatening floodwaters approached, families of the victims allege in …
Category: Insurance Journal
New York Now Requires Algorithmic Pricing Disclosure
New York Attorney General Letitia James recently issued a consumer alert encouraging New Yorkers to report companies not disclosing their use of algorithmic pricing, as a new state law requires. Algorithmic pricing allows companies to automatically adjust prices based on …
Jury Awards $10 Million to Virginia Teacher Shot by 6-Year-Old Student
A jury in Newport News, Virginia, has awarded $10 million to a teacher who was shot by a 6-year-old student. Abby Zwerner, who was shot in January 2023 in her first-grade classroom, originally asked for $40 million against a former …
GEICO Can’t Squirm Out of South Carolina Lawsuit That Claims the Company Owes $70 Million in Back Taxes and Penalties, Judge Says
GEICO insurance companies can’t dismiss a South Carolina lawsuit that demands they pay almost $70 million in back taxes and penalties, a federal judge ruled in a case that could ultimately affect how insurance taxes are collected by cities in …
Illinois Roofing Company Sued for Race and Sex Harassment
Anthony Roofing Tecta America LLC and Tecta America Corporation, roofing services providers in Illinois and nationwide, violated federal law when they subjected African American and female employees o
Deadly Floods Hit Southeast Asia as More Rain Forecast
Heavy rainfall has unleashed deadly floods across Southeast Asia, damaging crops and stranding tourists, with more downpours expected into early next week. Flooding in southern Thailand has killed at
Former AIG, BHSI, Lloyd’s Executive Tom Bolt Dies
Well respected insurance veteran Tom Bolt has died, one of his former employers announced on Friday. “Tom was a highly accomplished insurance executive, who was deeply respected and widely admired in the global business community,” American International Group (AIG) said …
Vietnam Flood Deaths Reach 90 as Damage Sweeps Central Region
Severe and prolonged flooding across Central Vietnam has killed 90 people and left 12 others missing, the government said. More than 1,154 homes were damaged and about 186,000 houses inundated at the peak of the floods, the Ministry of Agriculture …
COP30 Climate Deal Fails to Detail Fossil Fuel Cuts, but Pledges Adaptation Funding
United Nations climate talks in Brazil reached a subdued agreement Saturday that pledged more funding for countries to adapt to the wrath of extreme weather. But the catch-all agreement doesn’t include explicit details to phase out fossil fuels or strengthen …
AIG to Pay Neal $2.7 Million to Cover Previous Firm’s Bonus
American International Group Inc. will hand a multimillion-dollar payout to insurance executive John Neal, even as the executive’s employment ended before he joined the firm. The insurer will pay Neal $2.7 million to compensate for “foregone incentives at his former …