Gunmakers Face New Legal Threat From Families of Mass Shooting Victims

New You can now listen to Insurance Journal articles! Families of children and teachers killed in last month’s Texas school massacre face a formidable legal battle if they decide to sue the gun maker whose AR-15 semiautomatic rifle was used in the attack. That doesn’t mean they can’t win. Their main challenge would be overcoming … Read more

Mass shooting insurance rates jump as incidents rise

(Reuters) — The cost of buying insurance protection against mass shootings has spiked more than 10% in the United States this year following a string of deadly events, insurers said. The country has witnessed 293 mass shootings so far this year, according to a report by the Gun Violence Archive, which defines them as any event involving the shooting … Read more

Mortgage industry stung by more mass job layoffs

“Maverick Solutions helps create possibilities for those who may be self-employed or who fall just outside the agency guidelines,” Paul Jones, non-QM business development manager at FGMC, said at the time as reported by MPA. “It’s exciting to bring more opportunities to our partners and expand the mortgage options available to today’s borrowers.” Jones expressed high … Read more

Tesla sued by former employees over ‘mass layoff’

(Reuters) — Former Tesla Inc. employees have filed a lawsuit against the U.S. electric car company alleging its decision to carry out a “mass layoff” violated federal law as the company did not provide advance notice of the job cuts.   The lawsuit was filed late Sunday in Texas by two workers who said they were terminated from … Read more

UK ministers urged to hold last-ditch talks to avert mass rail strike

Union leaders have warned that the biggest rail strike in a generation will continue until their members’ pay demands are met by the government, as pressure mounts on government to avert action with last-ditch talks. In an interview with the Financial Times, Mick Lynch, general secretary of the RMT rail union, warned that strikes next … Read more

Prophet row: VHP calls for mass recitation of Hanuman Chalisa in Delhi

The VHP’s Delhi unit on Monday called on people in the city to assemble in temples and participate in mass recitations of Hanuman Chalisa on June 14 to register protest against the June 10 violence in parts of the country. In a statement, the Vishva Hindu Parishad alleged violent … Read more

Beijing warns of ‘explosive’ Covid outbreak, Shanghai conducts mass testing

China’s capital Beijing is experiencing an “explosive” Covid-19 outbreak connected to a bar, a government spokesman said on Saturday, as the commercial hub, Shanghai, conducted mass testing to contain a jump in cases tied to a hair salon. The warning followed a new tightening of COVID curbs in Beijing … Read more

Mass. Supreme Asked if Insurer Must Reimburse Costs that Prevented Larger Claim

Ken’s Foods says it spared its insurer a potential $10 million pollution claim by spending more than $2 million on mitigation costs. It wants that money back. Steadfast Insurance Co. refuses to pay, saying that the policy it issued to Ken’s doesn’t cover monies spent to avert disaster. Does the insurer have a common law … Read more

Mass. Joins States Suing ‘Forever Chemicals’ Manufacturers

Massachusetts has sued more than a dozen companies involved in the manufacture or marketing of so-called forever chemicals, alleging they knowingly polluted the environment and endangered public health, state Attorney General Maura Healey said Wednesday. The companies have known about the dangers of PFAS chemicals — found in firefighting foam and consumer products — for … Read more