Intel

2022 was a year that few in the Property and Casualty (P&C) sector could have predicted. Instead of stability, the market remained largely volatile, especially in the Property sector and the reinsurance marketplace. Many carriers suffered through unprofitable years thanks to Hurricane Ian, inflation, and an adverse property insurance environment primarily in Florida and Gulf coast states. Above all, losses…

A candle company in Mayfield, Kentucky, is being accused of threatening to fire factory workers who wanted to leave the building before dangerous weather approached. A new lawsuit filed in December by employees of Mayfield Consumer Products claims multiple workers were prohibited from leaving the facility Dec. 10, 2021, despite the company having at least three hours of notice about…

Residents of a New York City apartment building are claiming in a lawsuit that construction on a neighboring office building caused their property to sink almost an inch into the ground, leading to cracks and separation in multiple apartment units and forcing some residents to move out, Commercial Observer recently reported. Filed in New York County Supreme Court by the…

A class-action lawsuit recently filed against Twitter Inc. alleges the company did not give employees the legally required notice before laying off 50% of its workforce. The mass layoff affected about 3,700 jobs and came days after Elon Musk acquired the company for $44 billion and began implementing various overhauls. Filed on Nov. 3 in a…

An architectural firm in Riverton, New Jersey, will pay $450,000 to settle a federal lawsuit over the design of eight senior living communities that allegedly did not meet accessibility requirements. According to a Sept. 28 consent order released by the Department of Justice, J. Randolph Parry Architects was accused of engaging in discrimination by failing to comply with Fair Housing…

Two daughters of the late Paul Newman have filed a lawsuit against their father’s nonprofit organization, claiming that the Newman’s Own Foundation has “lost its way” since their father’s death and is not preserving and honoring his legacy, CNN Business recently reported. Filed in Connecticut by sisters Susan and Nell Newman, the suit alleges breach of fiduciary duty by the…

Owning a home or purchasing a commercial building is no longer as affordable as it once was, which is one of the overriding trends impacting the real estate insurance market. While it has been tight the first half of 2022, rising interest rates may slow the overheated real estate sector a bit, further stabilizing it at a macro level. It…

As students head back into classrooms for the start of a new academic year, an ongoing teacher shortage in both the U.S. and Canada means many schools are operating with a high number of job vacancies — and, in some cases, turning to unusual hiring tactics to help fill the gaps. A new program in Florida will allow military veterans…

Wrongful termination allegations and shareholder lawsuits are among the numerous management liability risks companies may encounter. To learn more about these challenges and the corresponding insurance solutions, Crain’s Content Studio spoke with Marvin Cigarroa, Broker, Professional Liability, Burns & Wilcox, San Diego, California. What are some of the greatest management liability risks companies face today? M.C.: The management liability risks…

The voice assistant “Alexa” featured on Amazon’s Echo Dot and other devices has been collecting data on millions of customers without their knowledge and using it for targeted advertising, a new lawsuit against the company alleges. Filed June 8 in the U.S. District Court in Seattle, Washington, the lawsuit seeks class-action status and claims that Amazon…

A new lawsuit filed July 5 accuses Raytheon Technologies Corporation of retaliation and discrimination against an unvaccinated employee who was told he can no longer work from home. In the lawsuit, a principal electrical engineer alleges he was discriminated against by the defense technology company when it withdrew his permission to work from home and later suspended him for not…

Below we highlight the top 5 trending intel topics in June 2022. 1. Flood Insurance Flood Modeling & Insurance Perspectives The U.S. Flood insurance market is being completely revamped with the launch of the National Flood Insurance Program’s (NFIP) risk rating 2.0, which applies risk modeling technology to evaluate exposure. Simultaneously the…