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Act Of God Versus Emerging Risk: Texas Trial Highlights Climate Liability For Factories

Act Of God Versus Emerging Risk: Texas Trial Highlights Climate Liability For Factories

Opening arguments ended Monday in Texas in the highest profile criminal case ever brought against a company and its employees for allegedly failing to adequately prepare for the effects of climate change. The company, Arkema, owns a chemical plant outside Houston that flooded when Hurricane Harvey dumped more than 5 feet of rain on the area in 2017.
March 4, 2020 Excess & Surplus Lines Liability Litigation Texas

Pileups Involving At Least 100 Vehicles Shut Down Wyoming Interstate

Pileups Involving At Least 100 Vehicles Shut Down Wyoming Interstate

At least three people died in a wreck involving 80-100 vehicles Sunday on Interstate 80, while a second crash on I-80 involving at least 30-40 vehicles occurred around the same time, just four miles away.
March 2, 2020 Auto Excess & Surplus Lines Liability Subrogation Wyoming

Massive Fire Tears Through Luxury Apartment Complex Under Construction In Savannah, Georgia

More than three hours after a massive fire engulfed a large construction site in downtown Savannah, Georgia, crews were still battling the blaze.
February 27, 2020 Excess & Surplus Lines Liability Property Subrogation Georgia

Personal Injury Lawsuits Filed By Victims Of 2019 Grand Forks Balcony Collapse

When a balcony at a Grand Forks apartment building collapsed in June, it sent five people plummeting four stories to the sidewalk below. Now, four of those people have filed a personal injury lawsuit against the building’s owners as well as multiple contractor and architectural companies.
February 24, 2020 Excess & Surplus Lines Liability Litigation North Dakota

Trucking Insurance: Navigating The Collision Course

Trucking generates more than $700 billion in annual revenue in the United States and is responsible for transporting nearly 70% of the nation’s freight annually. For many years, trucking was the lifeblood of US trade, but the glory days have come to an end.
February 19, 2020 Excess & Surplus Lines Litigation

Man Wrecks Luxury Cars In Theft Attempt At Ferrari Salt Lake City Dealership

Salt Lake City police arrested a man Wednesday after he allegedly broke into a luxury car dealership and crashed several cars before attempting to steal a Bentley loaded with stolen goods.
February 14, 2020 Auto Excess & Surplus Lines Utah

Rockslide Causes Fiery Train Crash In Kentucky

A rockslide caused a CSX train to go off the rails in Eastern Kentucky, causing a fire and sending at least one engine and multiple cars into the Big Sandy River. The southbound train had 96 loaded ethanol cars and two loaded rock cars when it derailed in Draffin, Kentucky, about 7:05 a.m., CSX said.
February 13, 2020 Excess & Surplus Lines Kentucky

Lakefront Mansion Destroyed By Fire So Massive, Smoke Was On Weather Radar

Fire continued burning Thursday morning more than 12 hours after a multimillion-dollar home under construction became engulfed in flames on Lake Minnetonka’s northeastern shore, authorities said.
February 13, 2020 Excess & Surplus Lines Property Minnesota

Blaze Totals Historical Building That Opened On Day Of Pearl Harbor Attack

The sound of explosions and breaking glass accompanied the sight of bright orange flames and swirling smoke engulfing the CarQuest Auto Parts shop in Chowchilla. Firefighters from the City, Madera County, and the nearby Central California Women’s Facility rushed to the scene around 3 a.m. Wednesday and found the burning building secured with no one inside.
February 6, 2020 Excess & Surplus Lines Property California

FAA Moves Toward Certifying Specific Drones For Package Deliveries

U.S. aviation regulators plan to craft new safety standards for specific unmanned-aircraft models, the biggest step yet toward eventually authorizing widespread delivery of packages by drones.
February 5, 2020 Excess & Surplus Lines Legislation & Regulation Liability

Fiery Fuel Tanker Crash On Atlanta Interstate Kills 2

Two people have died in a multivehicle accident involving a tractor-trailer that sparked a large fire which spread across all northbound lanes of an Atlanta-area interstate on Saturday morning, authorities said.
February 3, 2020 Auto Excess & Surplus Lines Liability Subrogation Georgia

Lawsuit Likely Following Kobe Bryant Helicopter Crash

Former U.S. Department of Transportation Inspector General Mary Schiavo, a partner at Motley Rice, said that lawyers would be looking at multiple facts, including the conversation between the air traffic control and the pilot just before Sunday’s crash, which killed the LA Lakers star and eight others. "Those next sentences could be billion dollar words," Shiavo said.
January 31, 2020 Excess & Surplus Lines Liability Litigation California

Bittrex Secures $300 Million In Insurance For Cryptocurrencies In Cold Storage

Cryptocurrency exchange Bittrex obtained $300 million in digital asset insurance against theft or collusion for the cryptocurrency it holds in cold storage.
Bittrex announced in a blog post on Jan. 29 that the exchange obtained specialty insurance for corporations by insurance firm Lloyd’s of London after working with major insurance broker and adviser Marsh.
January 30, 2020 Excess & Surplus Lines

Notorious Hacker Selling Data On 30 Million Stolen Credit Cards

In late December, the popular Northeast convenience store chain Wawa disclosed hackers had obtained payment data for some of its customers. Now, the scope and the fallout from the hack is becoming apparent, as criminals this week reportedly began to sell millions of credit and debit card accounts on the Internet.
January 29, 2020 Excess & Surplus Lines

Many Global Firms, Excluded From Epidemic Insurance, Face Heavy Coronavirus Costs

Many global companies from hotels and airlines to industrial houses are expected to have to foot the bill for disruptions caused by a new coronavirus in China, with epidemics usually excluded from insurance cover, experts said.
January 29, 2020 Excess & Surplus Lines Risk Management
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