Takeaways from Our Conversation on Cannabis Supply Chain Risks

Everyone knows about supply chain management nowadays. The pandemic, with shelves bare of TP and paper towels, and cargo ships backed up at ports, drove home for many what a supply chain is and the consequences when something goes wrong …

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Toyota Suspends Tokyo Factory Operations After Suspected Cyber Attack

Toyota Motor Corp. said it will suspend domestic factory operations on Tuesday, losing around 13,000 cars of output, after a supplier of plastic parts and electronic components was hit by a suspected cyber attack. No information was immediately available about …

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3 Hurt When Floor Collapses During Colorado House Party

Three people were taken to a hospital after a floor collapsed during a house party in a Denver area suburb, authorities said. South Metro Fire Rescue said crews responded Saturday at about 9:30 p.m. to the home southeast of Aurora, …

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8 Hurt and 15 Rescued in California Apartment Building Fire

Firefighters in San Francisco rescued 15 people and seven cats and dogs as flames ripped through an apartment building, officials said. The fire burned on the third and fourth floors of the building in the city’s South of Market neighborhood, …

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For Omaha Workers’ Comp Provider, Happiness is Key to Hiring

When Omaha National president and CEO Reagan Pufall thinks back to how COVID-19 has affected recruiting and hiring at the workers’ compensation insurance provider, his main verdict is: not much. The key characteristics that have enabled the managing general agent …

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People Moves: Bakofsky at Florida OIR, Gorman at North Carolina

Bakofsky Named Chief of Staff at Florida OIR Florida Insurance Commissioner David Altmaier announced that communications director Alexis Bakofsky has been elevated to chief of staff. Bakofsky joined the state Office of Insurance Regulation in 2019 and has also served …

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St. Johns Insurance Insolvent, to be Liquidated, Florida DFS Reports

St. Johns Insurance Co., one of the larger property/casualty insurers based in Florida, is now insolvent and will soon be liquidated. The Florida Department of Financial Services posted a notice Friday that a judge in Leon County, Florida, had appointed …

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People Moves: Surplus Line Association of California Names Beaver Board Chair, Gobler Vice Chair, Washington Secretary

The members of the Surplus Line Association of California elected Janet Beaver as chair of the SLA board. Eligible members of the SLA elected her via an electronic vote taken prior to the SLA’s virtual annual meeting on Feb. 8. …

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New York State Ethics Commission Hit by Cyber Attack

ALBANY, N.Y. (AP)— New York’s ethics commission has shut down its online filing system as authorities investigate a “deliberate malicious cyberattack.” The Joint Commission on Public Ethics said late Friday that a forensic analysis confirmed the attack several days after …

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Virginia School Board to Appeal Judge’s Ruling Blocking Elite School’s Admissions Policy

A federal judge ruled Friday that a Virginia school system illegally discriminated against Asian Americans when it overhauled the admissions policies at an elite public school. The ruling from U.S. District Judge Claude Hilton found that impermissible “racial balancing” was …

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VW Fears Most of Its Cars on Cargo Ship ‘Felicity Ace’ Are Beyond Salvage

Volkswagen AG has lost hope that many of its roughly 4,000 vehicles aboard a cargo ship that caught fire last week in the Atlantic can be saved. The automaker’s brands and dealers have started notifying customers that the U.S.-bound vehicles …

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New York Governor Plans Center to Coordinate Public, Private Cybersecurity

New York wants to improve its cybersecurity defenses and will open a joint operations center in the coming months to coordinate between government agencies, critical businesses and utilities, Gov. Kathy Hochul said. Hochul said the Brooklyn-based hub will have a …

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Phishing Scam Costs Massachusetts Town $102K

The Massachusetts tow nof Tewksbury has been cheated out of more than $100,000 in a phishing scam, but hopes to recover most of the money through insurance claims, the town manager said. An employee of Tewskbury received a seemingly legitimate …

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Verisk Acquires Illinois’ Infutor

Verisk, the global data analytics provider, has acquired Infutor, a provider of identity resolution and consumer intelligence data. Verisk plans to integrate Infutor with Jornaya, which it acquired in 2020, to form Verisk Marketing Solutions. Oakbrook Terrance, Illinois-based Infutor provides …

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Tesla’s Many Dockets of Litigation Keep Lawyers and Judges Busy

Elon Musk generates a near-constant barrage of news headlines because of his tweets. It’s a lot to keep up with. Last week, he posted a Hitler meme, only to delete it hours later. On Wednesday, Musk claimed he’s been “building …

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Insurers for Law Firm, Engineers in Collapsed Condo Settle with Victims’ Families

Insurers for an engineering firm overseeing major repairs at the collapsed Surfside condominium and for a law firm that advised the condo association have agreed to settle a lawsuit brought by survivors and families of the tragedy that killed 98 …

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People Moves: Beazley Cyber Adds Chubb’s Cohen, Promotes Larson; Scheurle Leads Burns & Wilcox’s Cannabis; Parametrix Hires Hiscox’s Wong

Beazley Hires Two for Cyber Services Insurer Beazley announced two senior leadership hires to its global Cyber Services team. Russ Cohen has been appointed head of U.S. Cyber Services, and Bala Larson has been promoted to head of Client Experience. …

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Pennsylvania Adopts Exception to Ban on Insurer Subrogation Against an Insured

The Pennsylvania Supreme Court has sided with an insurer seeking subrogation for payments it made to an injured worker before it was determined the insurer was not obligated to make the payments. The state’s highest court (6-0) adopted an exception …

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Explosion Causes Fire at Oregon Potato Chip Plant

A boiler explosion at a potato chip plant south of Hermiston, Oregon, sparked a dramatic fire Tuesday afternoon. The Tri-City Herald reports Umatilla County Fire District 1 and the Umatilla County Sheriff’s Office were called to the Shearer’s Foods plant …

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Delaware Poultry Farm With 1.2 Million Birds Hit by Lethal Flu

A commercial poultry farm in Delaware with 1.2 million birds has been hit by a highly lethal form of bird flu, the state said on Wednesday, significantly expanding an outbreak that has killed U.S. chickens and turkeys. The outbreak brings …

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Couple’s Family Sues Over Fatal Montana Amtrak Derailment

The family of a couple who were on a trip celebrating their 50th wedding anniversary when they died in an Amtrak train derailment in Montana has filed a wrongful death lawsuit against Amtrak and BSNF Railway, which owns the tracks. …

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Munich Re Forecasts 14% Jump in 2022 Profit as It Reports Bounceback From Pandemic

German reinsurance group Munich Re on Wednesday forecast a 14% jump in profit this year as it reported a bounceback in 2021 from the coronavirus pandemic despite big claims from natural disasters. Marked by devastating hurricanes and cold snaps in …

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Equipment Failure Sends Raw Sewage Into Michigan’s Flint River

Officials have issued a health advisory for the Flint area after equipment failed at a municipal pumping station, sending an unknown amount of raw sewage into the Flint River. Genesee County Health Department officials recommended Sunday afternoon that people avoid …

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Louisiana Refinery Explosion Injures 6

A huge Louisiana refinery was rocked by an explosion and fire on Feb. 21. Marathon Petroleum Corp. said six workers suffered minor injuries. Officials later gave the all-clear sign, but it was not immediately clear what caused the morning blast …

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Florida Appeal Courts Side with Insurers in Attorney Fees, AOB and PIP Cases

From attorneys’ fees to water damage to reimbursement limits in no-fault auto insurance, Florida appeals courts have sided with insurers in several cases in recent days. Here’s a look: Attorney Fees and Another ‘Ambiguous’ Settlement Offer Attorney fees and the …

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High Levels of ‘Forever Chemicals’ Found in Delaware Residents Near National Guard Base

Residents living near an Air National Guard base in northern Delaware have average blood levels of certain toxic manmade chemicals that are significantly higher than the national average, according to a report by federal researchers. The Agency for Toxic Substances …

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J&J Unit Proposes Independent Exam If It Remains in Bankruptcy

A Johnson & Johnson subsidiary proposed on Friday that it would submit to an independent examination of the corporate restructuring the healthcare giant undertook in an attempt to settle in U.S. bankruptcy court thousands of lawsuits alleging that J&J baby …

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California Lawmaker Introduces Bill to ‘Restore Ethics and Transparency’ at Department of Insurance

Citing continuing failures by the California Department of Insurance to maintain public access to government records and efforts to limit public disclosure of communications between insurance industry advocates and the department, Assemblyman Marc Levine (D-Marin County) on Tuesday announced a …

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Mechanical Issues Reported Before California Police Helicopter Crash

A pilot reported mechanical issues shortly before a police helicopter crashed nose first along the Southern California coast, killing one officer, authorities said Sunday. A Huntington Beach officer who was injured in the crash Saturday was released from a hospital …

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Massachusetts House Passes Bill to Let Immigrants Get Driver’s Licenses

The Massachusetts House has approved a bill that would let immigrants in the country illegally obtain state driver’s licenses. If passed into law, Massachusetts would join 16 other states and the District of Columbia which already have similar laws. The …

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UK to Ease Solvency II Insurance Capital Rules to Unlock ‘Billions of Pounds’

Britain will unlock “tens of billions of pounds” of insurance sector capital that should boost the economy through infrastructure investment, financial services minister John Glen said on Monday. The six-year-old “Solvency II” capital requirements were inherited from the European Union …

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UK to Ease Solvency II Insurance Capital Rules to Unlock ‘Billions of Pounds’

Britain will unlock “tens of billions of pounds” of insurance sector capital that should boost the economy through infrastructure investment, financial services minister John Glen said on Monday. The six-year-old “Solvency II” capital requirements were inherited from the European Union …

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Porsches and Lamborghinis Lost at Sea in Cargo Ship Fire Could Cost $155 Million

The cargo ship that caught fire last week carrying about 4,000 Volkswagen AG vehicles could cost the automaker at least $155 million, according to one consultant’s estimate. Of the roughly $438 million total value of goods aboard the Felicity Ace, …

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Proposal Aims to Raise Level of New Roads, Homes in Miami Area

Miami-Dade officials are set to consider new county requirements that would raise the minimum building level to 6 feet as sea levels rise and storm surges worsen in flood-prone areas of South Florida. “It’s a resilience measure,” Marina Blanco-Pape, director …

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New Lending Rules Could Stifle Loans, Insurance for Florida Condos that Need Repairs

Just as some insurers have tightened requirements for underwriting high-rise condominiums in the wake of the Champlain Towers collapse in Miami Beach last year, now mortgage banks are starkly revising lending rules. The moves could make sales of some condo …

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Brown & Brown Going Tech Route with Everbridge Early Warning Systems

Florida-based Brown & Brown, one of the largest independent insurance brokers in the U.S., this year will begin offering customers advance warning of weather, flooding, fire and other events, along with steps to take to reduce losses. The broker, headquartered …

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Officials Quarantine New York Site After Bird Flu Detected

A highly pathogenic avian influenza has been detected in a non-commercial backyard flock of birds on Long Island in New York, federal authorities confirmed Saturday. Samples from the flock were tested at the Cornell University Animal Health Diagnostic Center and …

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Massachusetts Hospital Settles for $14.6M Over Billing for Overlapping Surgeries

Massachusetts General Hospital will pay $14.6 million to settle a lawsuit that alleged overbilling for double-booked surgeries that were simultaneously overseen by the same surgeon. It’s the third time since 2019 that the Harvard-affiliated teaching hospital agreed to pay millions …

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Ship Carrying Porsches, Audis and Bentleys Catches Fire Near Azores

A ship carrying around 4,000 vehicles, including Porsches, Audis and Bentleys, that caught fire near the coast of the Azores will be towed to another European country or the Bahamas, the captain of the nearest port told Reuters on Friday. …

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Update: Devastating Mudslides, Floods Bring Rising Death Toll in Brazil

Rio de Janeiro state’s government has confirmed 94 deaths from floods and mudslides that swept away homes and cars in the city of Petropolis. But even as families prepared to bury their dead, it was unclear Thursday how many bodies …

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Allianz Sets Aside $4.2B to Handle Probes, Lawsuits After Collapse of Investment Funds

German insurer and asset manager Allianz ALVG.DE on Thursday said it would set aside 3.7 billion euros ($4.20 billion) to deal with investigations and lawsuits resulting from the collapse of a multi-billion-euro set of investment funds. The provision resulted in …

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Appeals Court Finds GEICO Did Not Act in Bad Faith in Fatal Florida Crash Claim

In a case that went all the way to the federal appeals court level, a panel of judges has found that GEICO General Insurance adequately investigated a Florida claim after an insured motorist killed a cyclist, and did not act …

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People Moves: The Liberty Insurance Brokers in California Names Ahuja COO; Cruz Regional Vice President of Kinetic Insurance

The Liberty Insurance Brokers named Sonia Ahuja chief operating officer. Ahuja has more than 25 years of experience in the industry, with prior stops at Venbrook Insurance Group, Farmers Financial Services, Cetera Financial Group, Wells Fargo Advisors, and AIG. The …

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Washington Roofing Manufacturer Fined $100K in Worker Death

The failure to follow lockout/tagout procedures was directly connected to the death of a worker in Sumas, Washington, when an agitator arm inside a tank he was cleaning turned on, according to the Washington State Department of Labor & Industries. …

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U.S. Investigates 416,000 Tesla Vehicles Over Unexpected Braking

The National Highway Traffic Safety Administration (NHTSA) said Thursday it is opening a formal investigation into 416,000 Tesla vehicles over reports of unexpected brake activation tied to its driver assistance system Autopilot. The preliminary evaluation covers 2021-2022 Tesla Model 3 …

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Wisconsin High Court Limits Bodily Injury Coverage to Insured Persons

An auto insurer is not required to pay underinsured motorist benefits to the son of man who was killed in an auto crash because the father was not insured by its policy, the Wisconsin Supreme Court ruled Tuesday in an …

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Six Years After Deadly Police Chase, Georgia High Court Limits Insurer’s Obligation

The headlines in 2016 provoked an outcry across Georgia: A man stole a car near the Atlanta airport, fled from police in a high-speed chase, then crashed into another vehicle, killing a woman and her two grandchildren. Six years later, …

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Florida Insurance Rescue Bills Move Closer to Becoming Law

Two bills that many in the insurance industry hope will solve some of Florida’s worsening property insurance problems moved a step closer to becoming law Wednesday when they passed a key Senate subcommittee. The Senate Appropriations Committee’s Subcommittee on Agriculture, …

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The Liberty Company Acquires Babcock in California

The Liberty Insurance Brokers acquired R.W Babcock Insurance Brokerage Inc. in Pleasanton, California. Founded in 2013 and led by Rob Babcock, R.W. Babcock Insurance specializes in insurance, surety, and various services for the construction, technology, manufacturing and life sciences industries. …

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Baldwin Sued by Family of Cinematographer Killed On New Mexico Set

The family of a cinematographer shot and killed on the set of the film “Rust” is suing Alec Baldwin and the movie’s producers for wrongful death, their attorneys said Tuesday. Lawyers for the family of Halyna Hutchins announced the lawsuit …

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AIG Turns a Profit on Improved P/C Insurance Underwriting, Lower Catastrophes

Global insurer American International Group reported strong fourth quarter and year-end results led by the performance of its General Insurance business. After reporting a net loss of $60 million in the fourth quarter of 2020, the company reported net income …

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Heat Wave Early Warning, Ranking System Proposed in California

A pair of California legislators and the state’s insurance commissioner are pushing a bill to create an early warning system for heatwaves. California State Assembly Members Luz Rivas (D-San Fernando Valley) and Eduardo Garcia (D-Coachella), in partnership with California Insurance …

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Fatal Fires in St. Louis Expose Vacant Home Risks

Thick smoke billowed from the vacant, crumbling St. Louis house, but Benjamin Polson knew homeless people might be inside taking refuge from the January chill. So the 33-year-old firefighter went in. It cost him his life. Eleven days later, three …

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Texas Sues Facebook Parent Meta Over Facial Recognition

he Texas Attorney General is suing Facebook parent Meta, saying the company has unlawfully collected biometric data on Texans for commercial purposes, without their informed consent. Attorney General Ken Paxton filed the lawsuit Feb. 14 in a state district court …

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Union Pacific Railroad Will Reimburse Arizona City for 2020 Derailment

Union Pacific Railroad will be reimbursing Tempe nearly $482,000 for expenses related to the July 2020 train derailment, according to city officials. They said the reimbursement covers repair and replacement of damaged city property, incident response costs, traffic control, environmental …

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California Couple Sentenced in $1M Workers’ Comp Fraud Case

Carmen Hall Soruco, 70, and her husband Antonio Soruco, 75, both of Novato, California, were sentenced after pleading guilty to workers’ compensation fraud charges. Hall was sentenced on multiple felony counts to two years of probation with full search and …

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Higginbotham Acquires HR Services Firm WhitneySmith in Texas

Higginbotham has acquired Fort Worth, Texas-based WhitneySmith Company, a provider of HR advisory services. WhitneySmith will expand the service capacity of Higginbotham’s HR Services division while giving WhitneySmith Company the ability to offer insurance services to its clients. Higginbotham named …

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Jury Rejects Palin’s Libel Claim Against New York Times

A U.S. federal jury on Tuesday ruled against Sarah Palin in her lawsuit accusing the New York Times of defaming her in a 2017 editorial that incorrectly linked her to a mass shooting, after the presiding judge said he would …

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Austin Water Director Resigns After Second Boil Order in Four Years

The director of Austin’s water department resigned Feb. 11, days after employee mistakes at a treatment plant put the city under a boil order notice for three days. Austin Water Director Greg Meszaros announced his resignation in a letter Friday, …

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Prince Andrew Settles Sexual Abuse Claim for Undisclosed Amount

Prince Andrew has settled a lawsuit against him by a woman who said he sexually abused her when she was a teenager at the late convicted sex offender Jeffrey Epstein’s Manhattan and Virgin Island properties. The amount of the settlement …

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Relatively Weak Hurricane Elsa Caused $1B in Damage Last Year

Hurricane Elsa, which made landfall on July 7, 2021, with winds of 86 mph, caused about $1 billion in damage to the southern United States and multiple Caribbean countries, the National Hurricane Center reported. New data compiled by the center …

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Man loses Arm and Leg after Explosion at South Florida Scrap Yard

An explosion at a scrap-metal yard in South Florida left a man with such serious injuries that his arm and part of his leg had to be amputated Monday. News outlets reported that the man was unloading a large medical …

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California Commissioner, Emergency Agencies Issue ‘Safer From Wildfires’ Framework

California Insurance Commissioner Ricardo Lara and emergency management leaders in Gov. Gavin Newsom’s Administration on Monday announced “Safer from Wildfires,” an insurance framework that incorporates wildfire safety measures while intending to make homes and businesses more resilient. “Safer from Wildfires” …

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Judge Throws Out Palin Defamation Suit But Still Wants Jury to Issue Verdict

A U.S. judge on Monday threw out Sarah Palin’s lawsuit accusing the New York Times of defaming the former Alaska governor and 2008 Republican U.S. vice presidential candidate by incorrectly linking her in an editorial to a mass murder. U.S. …

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Hertz Customers Who Claim They Were Falsely Arrested Score Win in Court

Hertz Corp., battling hundreds of customers who say they were falsely arrested for auto theft after renting cars, was ordered by a federal judge to disclose how many renters it accuses every year. U.S. Bankruptcy Judge Mary Walrath sided with …

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Jury Deliberates Palin Defamation Claim Against New York Times

Jurors began considering whether to hold the New York Times liable for defaming Sarah Palin, after her lawyer on Friday accused the newspaper of falsely associating her in a 2017 editorial with a mass murder, a link that a Times …

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Takeaways from Our Conversation on More M&As, Cannabis ‘Frappucinos’ on Tap for 2022

New Frontier Data, a producer of cannabis research and intelligence, released its “22 for 22 Report,” in January, which imparts a definitive air of optimism mixed with few cautions for the industry posed by potential economic headwinds – as well …

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Gangs Now Arbitrate Payment Disputes as Ransomware Growth Continues

Cyber criminal gangs are getting increasingly adept at hacking and becoming more professional, even setting up an arbitration system to resolve payment disputes among themselves, according to a new report by the United States, Australia and the United Kingdom that …

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New Hampshire Hospital to Pay $3.8 Million to Resolve Kickback Claims

New Hampshire’s Catholic Medical Center has agreed to pay $3.8 million to resolve allegations that it violated federal law against kickbacks. According to the U.S. Attorney’s office, the Manchester hospital paid its cardiologists to cover for another cardiologist’s patients when …

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Actuary Paper: Active Wildfire Seasons Providing Lessons on Fire Risk

Destructive and costly wildfires in the western U.S. over the past several years are driving efforts to better understand wildfire risk, ways to more effectively prevent and mitigate wildfires, and approaches to insuring against wildfire risk exposures, according to a …

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Insurance Pros At Odds With Las Vegas, Predict Cincinnati Bengals to Win Super Bowl

Property/casualty insurance professionals predict the Cincinnati Bengals will beat the Los Angeles Rams in today’s Super Bowl LVI. An online poll by Insurance Journal.com showed 56% believe the Bengals will win, compared to 44% siding with the Rams. That places …

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Judge Deals Blow to California FAIR Plan’s Efforts to Stay Insurance Commissioner’s Order

A judge has denied a request a preliminary injunction to halt the enforcement of an order from California Insurance Commissioner Ricardo Lara that the California FAIR Plan Association offer an expanded homeowners insurance plan. The FAIR Plan had appealed a …

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Maine Hospital Violated Maine’s Equal Pay Law, Judge Rules

A federal judge has ruled that a Maine hospital violated the state’s equal pay law by paying a female psychologist barely half the wage of her male colleagues. The judge ruled that Northern Light Acadia Hospital violated the Maine Equal …

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Unlicensed California Agent Sentenced for $1.4M Insurance Fraud

Unlicensed insurance agent Karyl Lynn Reed, 58, formerly of Cosa Mesa, California, was convicted last week on multiple felony counts of embezzlement and white-collar fraud enhancements after defrauding three victims of over $1.4 million. Reed was sentenced to four years …

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Suit by 3 Students Alleges Harvard University Ignored Sexual Harassment

Three Harvard University graduate students said in a federal lawsuit filed Tuesday that the Ivy League school for years ignored complaints about sexual harassment by a renowned professor and allowed him to intimidate students by threatening to hinder their careers. …

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Inspector General Says Counterfeit Parts in Nuclear Plants Raise Safety Concerns

Many counterfeit parts have been discovered in U.S. nuclear plants, potentially increasing the risk of a safety failure, the inspector general of the federal nuclear industry regulator said in a report released on Thursday. The report is a blow to …

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Suit Alleges Racial Discrimination, Harassment at One of Tesla’s California Factories

The California Department of Fair Employment and Housing has filed a lawsuit against Tesla Inc. alleging systematic racial discrimination and harassment. Tesla said on Wednesday the DFEH intended to file a lawsuit. The lawsuit appears to be focused on alleged …

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Massachusetts Town’s Former Police Officer Alleges Sexual Orientation Discrimination

A former Brimfield, Mass. police officer has filed a lawsuit claiming the town’s board members discriminated against him when they chose not to reappoint him as the town’s only patrolman because of his sexual orientation. Ryan Olszta alleges the town …

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NASA Concerned About SpaceX Satellite Deployment Plan

The National Aeronautics and Space Administration (NASA) raised concerns about SpaceX’s plan to deploy about 30,000 satellites for its Starlink, as have some major companies. Elon Musk’s SpaceX previously received authorization for about 12,000 satellites to offer broadband internet and …

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Sarah Palin, New York Times Editor Take the Stand in Defamation Trial

Sarah Palin portrayed herself as a dedicated public servant in testimony in her defamation case against the New York Times, after a former editor who oversaw the 2017 editorial underlying her lawsuit on Wednesday denied trying to blame the prominent …

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Hey, P/C Insurance Professionals: Predict the 2022 Super Bowl Winner and Score

It’s that time of year again. Time for a little fun. The insurance industry tries to predict losses. Can the industry predict winners? Which team will win Super Bowl LVI on Sunday? Cincinnati or Los Angeles? What will the score …

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Inszone Acquires Risco Insurance Services in California

Inszone Insurance Services acquired Risco Insurance Services Inc. in South Gate, California. The firms will merge and operate under the Inszone Insurance brand going forward. The Risco Insurance team will transition over to Inszone’s Lakewood location and continue serving customers …

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UCLA Settling Gynecologist Sex Abuse Lawsuit for $246M

The University of California has agreed to pay $246.3 million to settle allegations that hundreds of women were sexually abused by a former UCLA gynecologist, lawyers and the university announced Tuesday. The settlement was reached with the assistance of a …

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European Banks Warned to Prepare for Possible Russian-Sponsored Cyber Attack

FRANKFURT/LONDON – The European Central Bank is preparing banks for a possible Russian-sponsored cyber attack as tensions with Ukraine mount, two people with knowledge of the matter said, as the region braces for the financial fallout of any conflict. The …

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Pipeline’s Safeguards Malfunctioned in Louisiana Diesel Spill

A corroded pipeline that ruptured and spilled 350,000 gallons (1.6 million liters) of diesel fuel into a New Orleans area wetland did not have a fully functioning leak detection system at the time, according to federal records, which also show …

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XPT Specialty Acquires Indiana’s Insurance Brokers Incorporated

XPT Specialty has acquired Insurance Brokers Incorporated, headquartered in Indianapolis, Indiana, in a move that continues a series of acquisitions for the company. IBI is a wholesale insurance broker and general agency that offers agents a broad range of personal, …

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NFP Acquires East Coast Underwriters, Blue Ridge Captive Firm

NFP, a global insurance broker and consultant, has acquired East Coast Underwriters and Blue Ridge Captive Solutions, expanding NFP’s medical stop-loss and self-funded group captive lines of business, the company announced. East Coast Underwriters is a managing general agent based …

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Massachusetts Senate Weighs Bill to Lower Prescription Drug Prices for Patients

A bill aimed at addressing the increasing costs of prescription drugs is scheduled to come up for a vote in the Massachusetts Senate this week. The legislation would establish a process for identifying drug price thresholds that pose a public …

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Judge Dismisses Fired Amazon Worker’s Lawsuit Alleging Discrimination

A federal judge on Monday sided with Amazon.com Inc. in dismissing a discrimination lawsuit that workplace organizer Christian Smalls had filed against his former employer. U.S. District Judge Rachel Kovner rejected Smalls’ claim that Amazon had fired him because he …

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Couple Accused of Laundering $4.5B in Bitcoin Tied to 2016 Hack

The U.S. Justice Department said on Tuesday it has unraveled its biggest-ever cryptocurrency theft, seizing a record-shattering $3.6 billion in bitcoin tied to the 2016 hack of digital currency exchange Bitfinex and arresting a husband-and-wife team on money laundering charges. …

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Lawsuits by Comedians Say Pandora’s Streaming of Their Material Isn’t Funny

The estates of Robin Williams and George Carlin sued Sirius XM’s Pandora Media Inc on Monday, claiming the online music service owes royalties for streaming their material millions of times. Williams and Carlin’s estates, along with comedians Bill Engvall, Ron …

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PURE is Now Serving Members in Idaho

Privilege Underwriters Reciprocal Exchange is now serving Idaho, completing its national expansion into all 50 states. PURE offers specialty insurance products designed for individuals and families, including coverage for high value homeowners, automobile, collections, watercraft, personal excess liability, fraud and …

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3 Firms to Pay $65M to Settle Upstate New York Water Pollution Class Action

HOOSICK FALLS, N.Y. (AP) — A federal judge has approved a $65 million settlement in a class action lawsuit with three companies over chemical contamination of the water supply in an upstate New York village. The Times Union reported the …

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How CNN Exec’s Departure Illustrates Peril of Not Disclosing Workplace Romance

For all the potential peril of a workplace romance, the most common source of trouble, experts say, is allowing it to remain a secret. A case in point was last week’s abrupt ouster of longtime CNN chief executive Jeff Zucker, …

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Traffic Control Firm in Washington Ordered to Pay $250K to Workers

Seattle’s Office of Labor Standards says a traffic control company has agreed to pay more than $250,000 to settle wage theft allegations. Officials alleged that Traffic Management Industries failed to pay its workers for required travel time and failed to …

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Connecticut Added 23 Captives in 2021

Insurance Commissioner Andrew N. Mais is pleased to announce another year of outstanding growth in captive insurers domiciled in Connecticut. In 2021, Connecticut approved 13 captive insurers. The licenses granted by the state were for both new captive formations and …

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FAA Proposes Rules to Protect Certification Workers From Manufacturer Interference

The Federal Aviation Administration (FAA) said Monday it was issuing draft guidance seeking to protect aviation employees who perform government certification duties from interference by airplane manufacturers and others. Congress in December 2020 approved legislation boosting FAA oversight of aircraft …

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Connecticut’s Hurricane Ida Disaster Aid Extended to Additional Counties

A federal disaster declaration approved last year after remnants of Hurricane Ida hit Connecticut has been amended to include certain damage that occurred in Fairfield and Litchfield counties, Gov. Ned Lamont announced last week. The newly updated declaration means municipal …

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Reuters Special Report: J&J’s Secret Plan to Limit Payouts to Cancer Claimants

Johnson & Johnson created a plan last year to limit the financial bleeding from billions of dollars in jury awards to plaintiffs who alleged the company’s Baby Powder and other talc products caused deadly cancers. The healthcare and consumer-goods giant …

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Researcher Seeks Answers to Question: How Does A Town Rebuild After a Wildfire?

Three months after the most destructive fire in California’s history, the residents of Paradise were sifting through the rubble of their houses, moving out of shelters and into less temporary but not permanent housing, considering the future of their home. …

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Judges Tosses Maryland Family’s Suit Blaming Uber for Driver’s Killing by Passenger

A federal judge in Baltimore on Thursday dismissed a wrongful death lawsuit against Uber Technologies Inc. filed by the family of a rideshare driver who was killed by a passenger in 2019. U.S. District Judge Catherine Blake ruled that Uber …

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Hub Acquires Assets of AVI Commercial Insurance in California

Hub International Ltd. acquired the assets of AVI Commercial Insurance Marketing Inc. in San Clemente, California. Doug Krumpols, president, and the AVI team will join Hub’s Los Angeles and Orange County operations. AVI provides insurance services for the hospitality industry, …

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Montana Coal Mine Hit with $1M Fine over Safety Violations

A central Montana coal mine must pay a $1 million fine for violating environmental and employee safety regulations by failing to report worker injuries and improperly disposing of mine waste, the U.S. Attorney’s Office for Montana said. Signal Peak Energy, …

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Citations for Driving 100 Mph-Plus Climbing in Nevada

The number of drivers ticketed in Nevada for putting the pedal to the metal in violation of speed limits continues to climb. Nevada Office of Traffic Safety data indicates over 5,100 citations were issued in 2021 to drivers going over …

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Louisiana Dept. of Insurance to Streamline Form-Filing Process for Five New Commercial Lines

The Louisiana Department of Insurance announced Feb. 3 that it is streamlining the form-filing process for five additional lines of commercial insurance by adding them to the list of lines eligible for certified approval. The LDI said that the certified …

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Florida Senate Pushing Ahead with No-Fault Auto Repeal, Despite Last Year’s Veto

The Florida Senate is trying again to repeal the state’s no-fault auto insurance requirement with a bill that major insurers oppose and which the governor vetoed last year. By a vote of 10-1, the Senate Banking and Insurance Committee this …

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California Considers Giving 500K Fast Food Workers More Power

California’s more than half-million fast food workers would get increased power and protections under a first-in-the-nation measure approved by the state Assembly this week. Workers would be included alongside employers and state agencies on a new Fast-Food Sector Council to …

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Nike Files Trademark Suit Against Online Retailer to Halt Sale of Sneaker NFTs

Sneaker giant Nike sued online reseller StockX in New York federal court on Thursday for selling unauthorized images of Nike shoes, marking the latest lawsuit over digital assets known as non-fungible tokens. Nike said StockX’s NFTs infringe its trademarks and …

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Court Siding with Merck Over War Exclusion for Cyber Attack a Warning to Insurers

Last month the Superior Court of New Jersey ruled insurers cannot use a policy exclusion to avoid covering about $1.4 billion in damages Merck & Co. said it suffered from a spring 2017 cyberattack known as NotPetya. The court “unhesitatingly” …

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Bill Introduced to Offer All Californians Homeowners Insurance, Fund Home Hardening

Assemblyman Marc Levine, D-Marin County, on Thursday introduced legislation designed to require mandatory issuance of homeowners’ insurance and establish a grant program to harden residential properties in areas prone to wildfires. Assembly Bill 1755 would require an insurance provider licensed …

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FAA Expects Addressing Safety Issues to Cause Only ‘Minimal Disruptions’ to Air Travel

The Federal Aviation Administration (FAA) is confident that aviation safety concerns about 5G C-Band deployment will be addressed “safely with minimal disruptions,” the head of the FAA will tell U.S. lawmakers on Thursday, according to testimony seen by Reuters. FAA …

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M.J. Hall in California Introduces D&O, EPL and FL Cannabis Coverage

San Francisco, California-based M.J. Hall & Co. is introducing directors and officers liability, employment practices liability and fiduciary liability insurance coverages for cannabis business owners. The coverages, which began on Feb. 1, are in partnership with an A.M. Best rated …

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People Moves: LP Adds Heuer; Woodruff Sawyer Names Meissner Leader of Southern California Employee Benefits

LP Insurance Services LLC named Adam Heuer and the Heuer Insurance Agency to the LP Insurance Services team. Heuer joins LP Insurance as a member/owner and will continue serving clients throughout the Sparks, Nev. community and beyond. Heuer has nearly …

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Hilb Group Acquires New York’s Malvaso Agency

The Hilb Group reports it has acquired the Mark E. Malvaso Agency, building upon the company’s presence throughout New York state. The transaction became effective January 1, 2022. Based in Elbridge, New York, the Mark E. Malvaso Agency specializes in …

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More Than 1,000 Flights Canceled as Winter Storm Threatens Heavy Snow, Ice

Airlines canceled hundreds of flights, governors urged residents to stay off roads and schools closed campuses as a huge swath of the U.S. braced for a major winter storm that was set to put millions of Americans in the path …

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Cruise Offering Public First Driverless Rides in San Francisco

Autonomous vehicle taxis are up and running in San Francisco and the public has been invited to try one out. Employees of General Motors and its autonomous vehicle subsidiary Cruise have been testing out the service for weeks, but on …

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Credit Suisse Faces $45.5 Million Claim in Swiss Money-Laundering Trial

Swiss prosecutors are pursuing around 42.4 million Swiss francs ($45.5 million) in compensation from Credit Suisse in a money-laundering trial due to begin on Feb. 7, the Swiss Federal Criminal Court (FCC) said on Monday. The Office of the Attorney …

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Jencap Group Acquires Texas’ Delta General Agency

Jencap Group LLC has acquired the assets of Delta General Agency Corporation, a full-service specialty wholesale brokerage and managing general agency based in Houston. Delta will operate under the auspices of the Jencap Insurance Services division. Delta General Agency Corporation …

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Sweeping Class Action Accuses NFL Teams of Racial Bias Against Blacks

The recently fired head coach of the Miami Dolphins has filed a sweeping lawsuit accusing the National Football League of past and present unfair discrimination against Black coaches, players, owners, managers and retirees. The complaint, filed in federal court in …

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BTIS Launches Expanded Workers’ Comp Coverage in California, Arizona, Colorado, Oregon, Nevada, Texas

Builders & Tradesmen’s Insurance Services Inc. announced access to an expanded workers’ compensation coverage option, which is now available in California, Arizona, Colorado, Oregon, Nevada and Texas. BTIS expects additional states to be added to the coverage by the end …

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Commercial Farm Coverage Now Available Through California FAIR Plan

The California FAIR Plan on Tuesday began offering basic property insurance for farmers unable to obtain coverage from traditional insurance carriers. The new coverage fills a gap in California’s insurance marketplace as more farmers experienced policy nonrenewals due to increasing …

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‘Disturbing’ Culture of Sexual Harassment, Racism, Bullying Found at Rio Tinto: Report

A report released by Rio Tinto on Tuesday outlined a culture of bullying, harassment and racism at the global mining giant, including 21 complaints of actual or attempted rape or sexual assault over the past five years. Nearly half of …

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Nebraska Says Trash Truck Caused $200,000 Damage to Capitol

State officials say a Lincoln trash truck caused more than $200,000 damage to a limestone wall at the Nebraska State Capitol. The Lincoln Journal Star reports the state filed a lawsuit last week against Uribe Refuse Services over the damage …

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Cyber MGA Resilience Forms Captive Insurer in Bermuda

Cyber insurance and security provider Resilience Cyber Insurance Solutions has created a captive reinsurance company. Through the Bermuda-based captive, Resilience will retain a share of each risk it underwrites. CJ Pruzinsky, executive vice president and chief underwriting officer for North …

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