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Mistakes, Drama, Lawsuits: The Story of Fort Lauderdale’s Water Shutdown Crisis
It was supposed to be an easy job – not one that would shut down an entire city. But a series of major goofs and errors turned an underground drilling project into a nightmarish tale where the water pipes ran …
POSTED AUGUST 11, 2020 6:55 AM |
Oil Leak from Cargo Ship Pollutes Mauritius Beaches as Insurers Assess Liability
The oil cleanup from a leaking cargo ship that ran aground off the coast of Mauritius continues while the government and insurance firms begin probing liability for the accident. The incident has befouled the white-sand beaches of the Mauritian coast …
POSTED AUGUST 11, 2020 6:50 AM |
Trident Marine Managers, Nationwide E&S Form Underwriting Agreement
Trident Marine Managers, Inc. (Trident) has reached a delegated authority underwriting agreement with Nationwide E&S to provide recreational marine and marine equipment insurance, along with workers’ compensation coverage. Trident, a subsidiary of RSG Underwriting Managers (RSGUM), specializes in marine insurance …
POSTED AUGUST 11, 2020 6:21 AM |
McDonald’s Seeks to Recoup Severance Paid Ousted CEO Over Sexual Affairs
McDonald’s Corp. said on Monday it sued former Chief Executive Steve Easterbrook to recoup tens of millions of dollars in severance and benefits, claiming he covered up and lied about sexual relationships with at least three employees. The lawsuit came …
POSTED AUGUST 11, 2020 5:00 AM |
U.S. Drug Regulator Vows Outside Review of Any COVID-19 Vaccines
The United States will need to have independent experts review COVID-19 vaccine candidates before approval, the country’s top drug regulator said on Friday, offering reassurance that his agency would not cut corners in the race to roll out a vaccine. …
POSTED AUGUST 11, 2020 5:00 AM |
Insured Losses From Hurricane Isaias Could Reach $4 Billion in U.S.
Hurricane Isaias likely caused $4 billion of insured losses in the U.S. and $200 million in the Caribbean, according to risk modelers at Karen Clark & Co. The estimates cover privately insured wind and storm surge damage to residential, commercial, …
POSTED AUGUST 11, 2020 12:25 AM |
California Judge Blocks Uber, Lyft From Classifying Drivers as Contractors
A California judge on Monday granted the state’s request for a preliminary injunction blocking Uber Technologies Inc. and Lyft Inc. from classifying their drivers as independent contractors rather than employees. The judge signaled last week he might be leaning against …
POSTED AUGUST 11, 2020 12:12 AM |
Homes Evacuated by Growing Wildfire in Western Colorado
Several residents near a western Colorado wildfire were ordered to evacuate as the blaze continues to expand. The fire about 18 miles north of Grand Junction was started more than a week ago by lightning in remote and rough terrain …
POSTED AUGUST 10, 2020 11:03 PM |
Judge Orders PG&E in California to Beef up Safety
A federal judge has ordered Pacific Gas and Electric to better inspect high-voltage power lines, hire more tree-trimming supervisors and upgrade records regarding the age of electrical equipment as part of efforts to prevent deadly and destructive wildfires and other …
POSTED AUGUST 10, 2020 10:58 PM |
Brown & Brown Acquiring HAUSER in Ohio
Brown & Brown Inc. has entered into an agreement to acquire the assets of HAUSER in Ohio. The deal is expected to close in September, subject to certain closing conditions. Terms were not disclosed. HAUSER focuses on insurance solutions for …
POSTED AUGUST 10, 2020 5:12 PM |
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