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Lawsuit: Negligence Caused Legionnaires’ Outbreak at Atlanta Hotel

A lawsuit filed Monday alleges “negligence in the operation and maintenance of the water systems” caused a Legionnaires’ disease outbreak at a downtown Atlanta hotel that killed one person and potentially sickened dozens. State and county health officials are investigating … Source: Insurance News

Delaware Officials to Update Public on Aftermath of Gas Leak

14Augustadmin

Delaware environmental officials are updating residents about actions taken by a chemical plant owner since a gas leak last year temporarily closed the Delaware Memorial Bridge on one of the busiest travel days of the year. Department of Natural Resources … Source: Insurance News

Genworth to Sell Stake in Canada Mortgage Unit to Push China Deal

13Augustadmin

Genworth Financial Inc. agreed to sell its Canadian unit to Brookfield Business Partners LP for C$2.4 billion ($1.8 billion) as it works to win regulatory approval for its acquisition by China Oceanwide Holdings Group Co. Brookfield Business Partners LP will … Source: Insurance News

More Ride-Hailing Requirements Become Law in North Carolina

13Augustadmin

North Carolina has a new law focused on ride-hailing companies like Uber and Lyft that supporters contend will improve safety for both passengers and drivers. Governor Roy Cooper said Friday that he’s signed a bill that cleared the General Assembly … Source: Insurance News

Rhode Island Worker Sues City Over Alleged Whistleblower Retaliation

13Augustadmin

A Providence, Rhode Island, city employee who says she was compelled to resign from her previous position after years of reporting coworkers’ fraudulent credit card spending is suing the city. The Providence Journal reports that Charlene Oliver previously worked as … Source: Insurance News

Mnuchin, Lampert Want Sears D&O Policy to Pay Their Legal Fees

12Augustadmin

Almost four months ago, the bankrupt estate of Sears Holdings Corp. sued Eddie Lampert and U.S. Treasury Secretary Steven Mnuchin over allegedly wrongful transfers of $2 billion in company assets. Now lawyers representing the two men have asked the federal … Source: Insurance News

Insurer MBIA Sues Banks Over ‘Financial Tragedy’ of Defaulted Puerto Rico Bonds

12Augustadmin

Bond insurance company MBIA Inc. sued several financial institutions on Thursday over their role in underwriting billions of dollars of Puerto Rico bonds that eventually went into default. The lawsuit filed in superior court in San Juan claimed the banks … Source: Insurance News

Property Loss Estimate for Australia’s Townsville Floods Rises to A$1.22B: PERILS

12Augustadmin

The property insurance market loss from the Australia’s Townsville floods, which affected northern Queensland, Australia, between Jan. 26 and Feb. 10, 2019, has risen to A$1.22 billion (US$827.1 million), according to PERILS, the independent Zurich-based organization that provides catastrophe insurance … Source: Insurance News

Mendota, Mendakota Insurance Companies Relocate to Tennessee from Minnesota

10Augustadmin

Mendota Insurance Company and Mendakota Insurance Company have completed relocating their corporate headquarters and changing their state of domicile from Minnesota to Tennessee, according to a statement from the Tennessee Department of Commerce and Insurance. The insurance companies, which offer … Source: Insurance News

Execs: Wholesalers at Center of Topa Plans After Acquisition of California Insurer

9Augustadmin

Two key executives involved in the acquisition of Topa Insurance Group by Altamont Capital Partners who spoke about the deal were emphatic about one thing: wholesalers will continue to be the center of the company’s distribution model. Altamont announced on … Source: Insurance News