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Liberty Mutual Posts $1.5B Net Income for Q1, Reversing Loss Liberty Mutual Holding Company on Thursday reported first quarter 2024 net income of $1.5 billion compared to loss of $74 million during the same period last year. The combined ratio for the first three months of 2024 improved to 95.8 …
POSTED MAY 10, 2024 5:48 AM |
Nuclear Verdicts Surge to $14.5 Billion in 2023 – Report Nuclear verdicts of at least $10 million reached a 15-year high in 2023, while 27 verdicts were “thermonuclear,” or more than $100 million, according to a new study by research firm Marathon Strategies. The report, “Corporate Verdicts Go Thermonuclear,” found …
POSTED MAY 10, 2024 5:38 AM |
Personal Auto Insurers Have Edge on Innovation: AM Best After two years of challenges for personal auto insurers, rating agency AM Best delivered a positive assessment: U.S. personal auto insurers are the furthest ahead when it comes to innovation. Personal auto insurers’ innovative processes include automated claims management and …
POSTED MAY 10, 2024 5:12 AM |
What Risks Do Advanced AI Models Pose in the Wrong Hands? The Biden administration is poised to open up a new front in its effort to safeguard U.S. AI from China and Russia with preliminary plans to place guardrails around the most advanced AI models, Reuters reported on Wednesday. Government and …
POSTED MAY 10, 2024 5:02 AM |
Spouse Married After Injury Can Still Seek Damages in Asbestos Claim – Fla. High Court The Florida Supreme Court has opened the door a little wider to wrongful death claims from people who weren’t married to victims at the time of injury, upsetting what defense lawyers said was a decades-old common-law practice. In Ripple vs. …
POSTED MAY 10, 2024 5:01 AM |
Lawyers Handling Lawsuits Over Maui Wildfires to Get Investigation Documents A judge on Friday forced the Hawaii attorney general’s office to turn over to lawyers involved in the hundreds of lawsuits over last summer’s Maui wildfires all documents, interviews and data collected by the outside team hired to investigate the …
POSTED MAY 10, 2024 5:00 AM |
California Construction Company Fined $371K for Fatal Trench Collapse Cal/OSHA cited D’Arcy & Harty Construction Inc. $371,100 for failing to protect employees working in a trench excavation at a construction site in San Francisco. On Sept. 28, 2023, an employee was replacing sewer parts inside the eight-foot-deep trench at …
POSTED MAY 10, 2024 5:00 AM |
Mercury Insurance Taking Tokio Marine’s California Personal Lines Business Mercury Insurance on Thursday announced a plan that the Los Angeles-based carrier says will help maintain insurance availability and provide coverage for thousands of California consumers as two insurers exit the state’s personal lines market. Under the plan, 12,556 home …
POSTED MAY 10, 2024 5:00 AM |
OSHA Cites Boston Employer in Window Washer’s Fatal 29-Story Fall Federal workplace safety investigators are alleging that an East Boston window cleaning company’s failure to inspect and replace damaged or defective equipment contributed to an employee’s fatal 29-story fall from a building in downtown Boston’s financial district in October 2023. …
POSTED MAY 10, 2024 5:00 AM |
Tiffany’s Fooled by Thief’s $255K Diamond Ring ‘Switcheroo’ A jewel thief who is wanted in connection with crimes committed from Florida to South Korea stole a diamond ring worth $255,000 from a Tiffany store in New York by switching it with a cubic zirconia replica, authorities said. The …
POSTED MAY 10, 2024 5:00 AM |
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