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Hawaii Honeymooners Sue Over Hotel Workers Strike
A North Carolina couple has filed a class-action lawsuit saying they should have been warned about a Hawaii hotel workers’ strike before their honeymoon. The Honolulu Star-Advertiser reported Dr. Ovais Inamullah and Sana Khalique booked a five-night stay at The …

POSTED NOVEMBER 14, 2018 3:52 PM
New Global Insurance Accounting Rule Could Be Delayed One Year
A global standards body has proposed a one-year delay to implementing its new accounting rule aimed at increasing visibility in how insurers earn money, after the industry said it needed more time to prepare for such a sweeping change. A …

POSTED NOVEMBER 14, 2018 3:52 PM
AIG, Carlyle Complete Deal Creating Run-Off Reinsurer, Fortitude Re
The Carlyle Group has completed its acquisition of a 19.9 percent stake in Fortitude Group Holdings, a reinsurer operating as Fortitude Re, formerly known as DSA Re. The AIG-Carlyle transaction, first announced in August, is part of a plan to …

POSTED NOVEMBER 14, 2018 3:49 PM
PG&E’s Camp Wildfire Liabilities Could Exceed Renewed Insurance
Shares of utility PG&E Corp. fell 18 percent on Wednesday after the company warned of liquidity concerns if its equipment was found responsible for starting the Camp wildfire currently raging in California. The company said liabilities related to the wildfires …

POSTED NOVEMBER 14, 2018 3:35 PM
National Hockey League Reaches $19M Concussions Settlement with Retired Players
The National Hockey League announced a tentative $18.9 million settlement Monday with more than 300 retired players who sued the league and accused it of failing to protect them from head injuries or warning them of the risks involved with …

POSTED NOVEMBER 14, 2018 2:54 PM
Tesla Settles Most Sudden Acceleration Claims
Tesla Inc. resolved most of a purported class-action lawsuit by customers who alleged that their Model S and Model X vehicles would suddenly accelerate, which in some cases resulted in accidents. Lawyers for the carmaker and the plaintiffs said in …

POSTED NOVEMBER 14, 2018 2:43 PM
Former Connecticut Altar Boy Sues Church Over Alleged Sexual Abuse
A former Connecticut altar boy who says he was sexually abused by a now deceased Roman Catholic priest has sued the Archdiocese of Hartford. The Republican American reports that the lawsuit filed Wednesday by 46-year-old Kevin Distasio alleges negligence and …

POSTED NOVEMBER 14, 2018 2:42 PM
New York’s SterlingRisk Insurance Hires Jones as Vice President
SterlingRisk Insurance, a Woodbury, N.Y.-based independently owned insurance brokerage, has hired Kenneth J. Jones as vice president. Jones brings more than 30 years of experience to SterlingRisk, meeting the needs of clients in business, not-for-profit and professional communities. He started …

POSTED NOVEMBER 14, 2018 2:29 PM
Pennsylvania Insurance Department Plans Review of Two Workers’ Comp Filings
The Pennsylvania Insurance Department has received two mid-year workers’ compensation loss cost filings with a proposed effective date of January 1, 2019, from the Pennsylvania Compensation Rating Bureau (PCRB). The department stated in a press release that it plans an …

POSTED NOVEMBER 14, 2018 2:26 PM
Solutions to Wildfires in Time of Climate Change Are Costly, Unpopular
California’s deadly wildfires have a straightforward solution, experts say: stop building homes in places that are likely to burn — and make homes that already exist in those areas a whole lot tougher. That approach, wildfire and climate policy experts …

POSTED NOVEMBER 14, 2018 2:08 PM

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