Hawaii court upholds Lloyd’s dismissal in volcanic eruption insurance dispute

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Hawaii court upholds Lloyd’s dismissal in volcanic eruption insurance dispute & more related News Here

The dispute is related to a volcanic eruption that damaged properties on the Hawaiian Islands. Michael W. Hale, Gregory C. Denker, Carroll K. Denker and Champagne Cove, LLC filed insurance claims and ultimately sued a long list of defendants, including Lloyd’s, several of its syndicates, and a handful of insurance intermediaries such as Borisoff Insurance…

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Ninth Circuit picks up 2 million legacy policy fight over total limit

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Ninth Circuit picks up $162 million legacy policy fight over total limit & more related News Here

The facts are very old. During World War II, the federal government leased and later expanded Chino Airport for wartime operations, including dismantling and melting surplus aircraft into ingots. Those activities generated significant industrial waste which was discharged into the ground. In the 1960s and 70s, during the Vietnam War, the airport’s tenants produced napalm,…

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Texas farmers sue AO Smith over alleged water heater malfunction

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Texas farmers sue AO Smith over alleged water heater malfunction & more related News Here

Farmers are adopting three principles. Firstly, negligence – that AO Smith did not take reasonable care in the design, testing and marketing of the heater, and did not provide sufficiently clear warnings or instructions to consumers. Second, strict product liability – covering design defects, manufacturing defects, component defects and failure to warn, Farmers alleges that…

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A Tennessee man tries to consume marijuana during a traffic stop in Logan Co.

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A Tennessee man tries to consume marijuana during a traffic stop in Logan Co. & more related News Here

ADAIRVILLE, Ky. – A man is facing multiple charges after a traffic stop Sunday in Adairville, Logan County. According to a similar citation, the Adairville Police Department observed a black Yukon traveling northbound on 431 South. Police say they initiated a traffic stop after noticing that the registration plate did not match the vehicle. Police…

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Why the risk of nonpayment has suddenly become brokers’ biggest conversation

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Why the risk of nonpayment has suddenly become brokers’ biggest conversation & more related News Here

Australia and New Zealand sit firmly inside that pattern. Cofess economist for Australia and New Zealand, Apolline Griveldinger (pictured centre), said persistent Middle East tensions were adding to inflation pressures and the risk of a strong tightening cycle from the Reserve Bank of Australia (RBA) – raising higher borrowing costs which would feed straight back…

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A smoke-free generation and what it could mean for insurance

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A smoke-free generation and what it could mean for insurance & more related News Here

If you model a generation in which smoking prevalence rates fall close to zero—not through gradual social change, but through a legal floor that prevents it altogether—the downstream effects on life insurance mortality, frequency of health insurance claims, serious illness payments for lung cancer, heart disease, and chronic obstructive pulmonary disease are enormous. A group…

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