FedEx Corp. is pressuring delivery contractors to improve safety after mounting accidents helped trigger a near-tripling of insurance costs over the decade.
Author: Annie George
Hawaiian Electric Knew of Wildfire Threat, but Waited Years to Act
During the 2019 wildfire season, one of the worst Maui had ever seen, Hawaiian Electric concluded that it needed to do far more to prevent its power lines from emitting sparks. Nearly four years later, the company has completed little such work.
Former Allianz Executive Loses Bid to Toss Fraud Charges
A federal judge in New York declined to throw out fraud charges against a former Allianz fund manager who claimed he was double-crossed by his lawyers, citing the terms of a joint defense agreement the executive entered into with the firm’s counsel.
Power Company Was ‘Substantial Factor’ in Devastating Maui Wildfires, Lawsuit Alleges
A lawsuit filed on behalf of five Lahaina residents is focusing on a particular player in the Maui wildfire disaster that the lawsuit alleges played a substantial role in last week’s devastating fire: a local power company.
At Least 106 People Were Killed in Maui’s Wildfires, Officials Say
The death toll in the Maui wildfires has risen to 106, Maui County officials said Tuesday, a week after the flames started sweeping through parts of the Hawaiian island.
Vesttoo Says Fraud Investigation Is Advanced, Confirms Removal of Restraining Orders
Israeli insurtech Vesttoo has confirmed that both the federal court in New York and the courts in Israel have removed temporary restraining orders freezing its assets.
New York State Insurance Fund Has Returned $585 Million to Businesses
New York’s largest workers’ compensation provider distributes more than half a billion dollars to employers through dividends and return of premium.
Orion 180 Ranked No. 229 on the 2023 Inc. 5000 List
Orion180, a premier provider of insurance solutions founded in 2016, was named No. 229 on the 2023 Inc. 5000 list of America’s fastest-growing private companies.
Cyberattack Rule Raises Insurance Risks for Corporate Officers
A new SEC cyberattack reporting rule has left public companies and insurers exposed to potential regulatory probes and shareholder class actions alleging senior executives failed to supervise their businesses’ cybersecurity practices.
Fintech Vesttoo Seeks Chapter 11 Bankruptcy Protection
Israel-based fintech Vesttoo is seeking Chapter 11 bankruptcy protection in a U.S. court which will enable it to pursue legal action against those responsible for a fake collateral scandal, it said in a statement on Monday.