Monthly Archives: <span>September 2023</span>

Viewpoint: A New Risk Landscape Emerges for Global Maritime Industry

In a constantly changing world, the maritime industry has always stood as a symbol of resilience, adaptability, and progress. Key to this, however, has always been the role of insurance, and in particular, third party liability within the context of …

AstraZeneca Refused to Pay Full Bonus to US Remote Worker, Lawsuit Claims

AstraZeneca Pharmaceuticals LP has been sued in the U.S. by a former senior director who claims the drugmaker refused to pay her nearly $130,000 in promised bonuses and stock options because she worked from home full-time. Elmarie Bodes, who was …

John Grisham, Other Top US Authors Sue OpenAI over Copyrights

A trade group for U.S. authors has sued OpenAI in Manhattan federal court on behalf of prominent writers including John Grisham, Jonathan Franzen, George Saunders, Jodi Picoult and “Game of Thrones” novelist George R.R. Martin, accusing the company of unlawfully …

Homeowners Face Rising Insurance Rates as Climate Change Makes Wildfires, Storms More Common

NEW YORK (AP) — A growing number of Americans are finding it difficult to afford insurance on their homes, a problem only expected to worsen because insurers and lawmakers have underestimated the impact of climate change, a new report says. …

Attacks on Casino Giants Heralds Resurgence in Ransomware Demands

Cyberattacks on MGM Resorts International and Caesars Entertainment last week show that ransomware gangs continue to be a major threat and are using more sophisticated strategies to break into private computer networks. GuyCarpenter reported Wednesday that a cybercrime group called …

Lawyers who Sued Tesla Board for Excess Pay Want $10,000 an Hour

WILMINGTON, Delaware –– A legal tExcess Pay Want Tesla’s directors to agree in July to return more than $700 million in compensation to the automaker for allegedly overpaying themselves are now seeking a huge payday of their own. The lawyers …

GE Tells Judge UK Firm Sold Thousands of Bogus Jet-Engine Parts

General Electric Co. and Safran SA said thousands of jet-engine parts with falsified documents were sold to global aircraft fleets at the hands of a UK supplier, potentially wreaking havoc among airlines now racing to identify the components on their …

Berkshire Shows Unusual Risk Appetite in Wildfire Court Fight

Berkshire Hathaway Energy Co.’s PacifiCorp has been battered in an unprecedented court fight over the utility’s failure to prevent massive wildfire destruction in Oregon. The largest grid operator in the western US faces the risk that it will have to …

HHS Awards $45 Million for Long COVID Clinics

WASHINGTON –– The U.S. government is awarding $45 million in grants to help clinics treating long COVID develop new models of care and expand access, the Department of Health and Human Services (HHS) said on Wednesday. Nine clinics will receive …

11th Circuit: Conflicting Wording Requires Insurers to Share Defense Expenses

When the wording of insurance policies conflict with each other and can’t be reconciled, insurers must share defense expenses, a federal appeals court said in a case that stemmed from lawsuits against school personnel. “The district court concluded that the …