Casualty
Casualty
News, insights and thought leadership for re/insurance professionals with an interest in casualty.

Long Island diocese to end bankruptcy without sex abuse deal - Reuters

A Catholic diocese in Long Island, New York has asked a judge to end its Chapter 11 bankruptcy, after failing to get support from about 530 sex abuse survivors on a proposed $200 million settlement...
A Catholic diocese in Long Island, New York has asked a judge to end its Chapter 11 bankruptcy, after failing to get support from about 530 sex abuse survivors on a proposed $200 million settlement...
reuters.com / Article / 2 months ago

Bayer Weighs ‘Texas Two-Step' Bankruptcy Filing Over Roundup

Bayer AG is weighing whether to use a controversial legal maneuver known as the Texas Two-Step bankruptcy to try to resolve tens of thousands of US lawsuits claiming its Roundup weedkiller causes...
Bayer AG is weighing whether to use a controversial legal maneuver known as the Texas Two-Step bankruptcy to try to resolve tens of thousands of US lawsuits claiming its Roundup weedkiller causes...
Article / 3 months ago

New Jersey Catholic diocese's $87.5 mln abuse settlement approved - Reuters

A U.S. bankruptcy judge on Thursday approved the Diocese of Camden's Chapter 11 bankruptcy plan, allowing the New Jersey diocese to move ahead with a $87.5 million settlement of sex abuse lawsuits.
A U.S. bankruptcy judge on Thursday approved the Diocese of Camden's Chapter 11 bankruptcy plan, allowing the New Jersey diocese to move ahead with a $87.5 million settlement of sex abuse lawsuits.
reuters.com / Article / 3 months ago

Australia

In Australia, 2023 was the first 'normal' year since 2019. Public health concerns, however, were replaced by economic pessimism...
In Australia, 2023 was the first 'normal' year since 2019. Public health concerns, however, were replaced by economic pessimism...
Article / 5 months ago

Asbestos plaintiffs fail to knock Trane companies out of bankruptcy - Reuters

A U.S. bankruptcy judge ruled Thursday that two Trane Technologies subsidiaries, Aldrich Pump and Murray Boiler, may remain in bankruptcy despite asbestos plaintiffs' arguments that the companies are not in "financial distress."
A U.S. bankruptcy judge ruled Thursday that two Trane Technologies subsidiaries, Aldrich Pump and Murray Boiler, may remain in bankruptcy despite asbestos plaintiffs' arguments that the companies are not in "financial distress."
reuters.com / Article / 6 months ago

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