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EU Watchdog Says Insurers Could Face Climate Tests in 2023

Insurers could face European climate stress tests as soon as 2023, the head of the EU’s insurance regulator said at the Reuters Future of Insurance Europe conference on Thursday. The insurance industry faces exposure to climate change risk both through …

Cadmium Spiked at Lead Factory, Workers Didn’t Get Help

TAMPA, Fla. (AP) — In June 2014, an air monitor strapped to a worker inside a Tampa lead factory picked up an unmistakable red flag. The level of cadmium, a toxic metal known to cause cancer, had soared to more …

Monsanto Told to Pay Teachers $185M Over Chemical Exposure

SEATTLE (AP) — Three schoolteachers in Washington state who sued chemical company Monsanto over exposure to materials in fluorescent lights have been awarded $185 million. The law firm that represented the teachers, Friedman Rubin, said a jury returned the verdict …

Cyber Insurance Rates Fail to Match Catastrophe Risk-Chubb CEO

Rising prices of insurance against cyber attacks fail to take account of the potential catastrophic effects of a widespread attack, Chubb Ltd. Chief Executive Evan Greenberg said on Wednesday. “The pricing environment is pretty good,” Greenberg said on a conference …

No Surrender For Lawyers Pursuing Lead Paint Claims Despite Unfavorable Rulings

Peter Earle has been representing child victims of lead paint poisoning for more than 20 years and he and his fellow lawyers for the cause are not about to let another legal setback affecting three cases bring an end to …

Tokio Marine Faces Larger-Than-Expected Greensill Exposure

Tokio Marine Holdings Inc. is facing a larger-than-expected exposure to the Greensill Capital meltdown after finding that reinsurance contracts intended to limit losses didn’t cover its unit that did the most business with Greensill. Tokio’s Australia Bond & Credit Co. …

Endless Boom in Blank Check Companies Is Wearing Out Insurers

The SPAC boom is overwhelming a key player in the creation of a blank-check companies: insurers. Firms selling directors-and-officers liability policies for special purpose acquisition companies have been flooded by the listings that surged last year. That’s caused insurers to …

Colorado Workers Protest Covid-19 Fine Issued to Meat Plant

DENVER — A union representing workers at a Colorado meatpacking plant where six workers died of COVID-19 and hundreds more were infected will stage a protest Wednesday, claiming that federal officials should have fined the company more for its alleged …

Judge Dismisses Cruise Passengers’ COVID-19 Lawsuits

A federal judge dismissed lawsuits by Grand Princess cruise ship passengers who sued for emotional distress caused by their fear of exposure to COVID-19, saying that allowing their cases to proceed would “lead to a flood of trivial suits.” Judge …

Viewpoint: Will COVID-19 Liability Releases Hold Up?

Exculpatory clauses are in the news. Yes, exculpatory clauses. In a widely reported development, to register online for the Donald J. Trump for President rally in Tulsa, Oklahoma, you must agree that: “By attending the Rally, you and any guests …