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Portugal Deadly Floods Force Evacuations, Collapse Main Highway

Life Insurance /
Portugal Deadly Floods Force Evacuations, Collapse Main Highway

Thousands of people fled their homes in central Portugal after rising waters burst through the banks of the Mondego River, flooding roads, collapsing critical infrastructure and leaving vast areas of farmland under water. At least 3,000 people were evacuated in the Coimbra area alone after heavy rainfall caused a levee to rupture, triggering significant flooding […]

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Judge Allows Dali Manager’s Bid to Limit Liability for Baltimore Bridge Collapse

Auto Insurance /
Collapsed Francis Scott Key Bridge in Maryland with Cargo Ship Dali

A federal judge has allowed the manager of the cargo ship Dali involved in the tragic collapse of Baltimore’s Francis Scott Key Bridge in March 2024 to proceed for now with its claims under an 1851 maritime law that limits liability for shipowners. The state of Maryland and wrongful death claimants had sought to prevent

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BHP Refused Permission to Appeal UK Judgment Over 2015 Brazil Dam Collapse

Auto Insurance /
BHP Refused Permission to Appeal UK Judgment Over 2015 Brazil Dam Collapse

BHP was on Monday refused permission to appeal against a ruling that it is liable for the 2015 collapse of a dam in southeastern Brazil, in a London lawsuit potentially worth tens of billions of pounds. In November, London’s High Court ruled BHP was legally responsible for the collapse of the Fundao dam in Mariana,

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Funding Cuts Put America’s Consumer Watchdog on the Brink of Collapse

Health Insurance /
Consumer Watchdog Proposes End to Civil Rights-Era Anti-Discrimination Requirements

When Bianca Jones, a 33-year-old special education teacher in Memphis, Tennessee, decided a couple of years ago that she wanted to buy a house, she started digging into her Experian credit report. She was shocked by what she found. Her student debt had been double-counted, making it look as though she owed a quarter of

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Apollo Sees Echoes of Collapse of SVB in US Insurance’s Shift to Caymans

Auto Insurance /
Apollo Sees Echoes of Collapse of SVB in US Insurance’s Shift to Caymans

Apollo Global Management Inc. compared the potential risks of some US insurers moving to the Cayman Islands with the swift collapse of Silicon Valley Bank, which triggered a crisis among regional lenders. The British overseas territory is the “home of regulatory arbitrage,” Apollo said in a presentation Thursday, which said Cayman’s insurance market insufficiently manages

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Tricolor Trustee Files Suit in Texas for Auto Dealer’s Collapse

Life Insurance /
Tricolor Trustee Files Suit in Texas for Auto Dealer’s Collapse

Bankrupt subprime auto dealer Tricolor Holdings is preparing to sue the company’s founder for allegedly masterminding a massive fraud that led to the company’s collapse into bankruptcy, according to a court filing. Daniel Chu is already facing probes by the U.S. Justice Department and the U.S. Securities and Exchange Commission, Tricolor’s bankruptcy trustee said in

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NTSB to Decide Probable Cause of Baltimore’s Key Bridge Collapse Next Week

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NTSB to Decide Probable Cause of Baltimore’s Key Bridge Collapse Next Week

The National Transportation Safety Board will hold a public board meeting next week to determine the probable cause of the contact of the containership Dali with the Francis Scott Key Bridge and subsequent bridge collapse. The NTSB’s board is expected to vote on the findings, probable cause and safety recommendations as well as any changes

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