A federal court jury in Vermont on Wednesday awarded a Florida woman $5.25 million from a doctor who used his own sperm to impregnate her during an artificial insemination procedure in 1977. The federal court jury in Burlington began deliberating …
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Thursday, March 31, 2022
Another Active Atlantic Hurricane Season in 2022: AccuWeather
Following the most active season for named storms in the Atlantic in 2020 and the third-most named storms in 2021, AccuWeather forecasters said to prepare for more of the same in 2022. AccuWeather has predicted 16-20 named storms during the …
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Wednesday, March 30, 2022
ALKEME Acquires Snapp & Associates in California
ALKEME acquired Snapp & Associates Insurance Services in San Diego, California. Snapp & Associates serves a broad base of industries and has a specialty focus in risk management, insurance planning and employment benefits services in the hospitality, entertainment, construction, and …
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People Moves: McGriff Adds Matthews to Real Estate Practice; Crest Adds Haller in Wyoming
McGriff added Donna Matthews, a senior vice president and Denver, Colorado-based marketing account executive, to its real estate and hospitality practice. Matthews has nearly 20 years of experience. A subsidiary of Truist Insurance Holdings, McGriff is an insurance broker providing …
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Court Approves $18M Settlement with Activision Blizzard in California
U.S. District Court for the Central District of California entered the consent decree between Activision Blizzard Inc. and the U.S. Equal Employment Opportunity Commission, which includes $18 million in monetary and injunctive relief. By signing the three-year consent decree, Judge …
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Alex Jones Offers Payment, Apology to Sandy Hook Families
Infowars host Alex Jones has offered to pay $120,000 per plaintiff to resolve a lawsuit by relatives of Sandy Hook Elementary School shooting victims who said he defamed them by asserting the massacre never happened, according to court filings Tuesday. …
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Baltimore, Businesses Settle for $3.5M Over Freddie Gray Unrest
The city of Baltimore has reached a $3.5 million settlement with a group of business owners whose property was damaged in the 2015 unrest that followed the death of Freddie Gray, a Black man injured in police custody. In all, …
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Illinois Court: Insurer Must Defend IT Company in BIPA Suits
An insurer must defend an information technology company facing a pair of Biometric Information Privacy Act (BIPA) lawsuits, the U.S. District Court for the Northern District of Illinois said in a March 30 ruling. In Citizens Insurance Company of America …
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Insurers: NAIC’s Move to Amend Climate Disclosure Survey Too Quick
The National Association of Insurance Commissioners is moving to amend its climate disclosure survey – and insurers may not like it. The Climate Risk Disclosure Survey is a voluntary risk management tool for state insurance regulators to request from insurers …
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UK Cyber Agency Warns Organizations About Use of Russian Computer Technology
Britain’s cybersecurity center on Tuesday said organizations providing services related to Ukraine or critical infrastructure should reconsider the risk associated with using Russian computer technology in their supply chains. “We have no evidence that the Russian state intends to suborn …
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Heavy Rains Deluge Australian Towns for 2nd Time in a Month
Heavy rains deluged Australia’s east coast on Wednesday, submerging roads and bridges, while tens of thousands fled their homes for the second time within weeks after fast-moving flood waters burst river banks and broke over levees. Several towns in northern …
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Chubb Buys Renewal Rights of DUAL Asia’s Financial Lines Portfolio
Chubb announced the completion of the agreement for the transfer of renewal rights of DUAL Asia’s financial lines portfolios in Hong Kong and Singapore. Chubb will be purchasing the business assets including the intellectual property and underwriting models from DUAL …
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Credit Suisse Faces $500M-Plus Bill After Ex-Georgian PM Wins Bermuda Court Case
A Bermuda court on Tuesday ruled former Georgian Prime Minister Bidzina Ivanishvili and his family are due damages “substantially in excess of $500 million” from Credit Suisse’s local life insurance arm in a costly setback for the bank. The court …
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Jet Leasing Firms Tally Up Losses Stemming From Russia-Ukraine War
Aircraft leasing firms are tallying up losses stemming from Russia’s invasion of Ukraine, according to the head of Avolon Holdings Ltd., one of the biggest players in the industry. Lessors are in dialogue with auditors “about what financial provisions should …
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Court Eyes Appeal Over Mentally Ill Inmate Put in Solitary in Delaware
A federal appeals court is set to hear arguments in a lawsuit filed by a Delaware prison inmate who claimed he was deprived of his constitutional rights by being placed into solitary confinement because of his mental illness. The appeals …
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Tuesday, March 29, 2022
Boy Scouts Victims’ Fund Unfair to Insurers, Companies Argue in Court
The Boy Scouts of America’s sexual abuse compensation fund may force insurers to make payments they can’t negotiate over, even if the claims are fraudulent, a group of the companies argued in court. Insurers, including American International Group, Liberty Mutual …
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AM Best and S&P Ratings Suspend All Commercial Operations in Russia
AM Best announced it has suspended all commercial activities to clients in Russia and has withdrawn all credit ratings on Russia-based re/insurance companies, subject to sanctions imposed by the European Union (EU) and in advance of the EU’s April 15, …
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NFP Acquires Texas’ Achilles & Associates
NFP has acquired Achilles & Associates, an Austin, Texas-based P&C broker that provides customized commercial P&C, personal lines P&C, and benefits insurance solutions to individuals, small businesses and middle market clients. The acquisition strengthens NFP’s capabilities and product offerings in …
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Irish Lessors Terminate All Russian Airline Leases
All Irish lessors terminated their Russian airline leases by Monday’s European Union sanctions deadline and have so far had limited success in recovering their aircraft, the representative body for the sector in Ireland said. Aircraft Leasing Ireland (ALI), members of …
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People Moves: Island Insurance Adds Law Offices of Cary T. Tanaka
Island Insurance Cos. announced that The Law Offices of Cary T. Tanaka has joined the company as its newly created staff counsel. In addition to Cary T. Tanaka, the staff counsel team includes Greg Takase, Jared Say, and legal staff. …
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New Hampshire Seeks Insurer for Voluntary Family Medical Leave Plan
New Hampshire is looking for a commercial insurance carrier to fully insure and administer the Granite State Paid Family and Medical Leave Plan. The plan provides participating employees in New Hampshire with 60% of their average weekly wage for up …
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Monday, March 28, 2022
Trucker in Maine Fatal Crash Says Other Vehicle, Not Netflix, Distracted Him
PORTLAND, Maine (AP) —A trucker was streaming Netflix when his tractor-trailer struck a car, killing a retired couple in Maine, according to a police report. The truck driver acknowledged streaming a Netflix show on his cellphone, but said he was …
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Investigators, Family Looking for Answers After Teen Fell from Florida Thrill Ride
State officials and the amusement ride company are investigating how a 14-year-old fell to his death from a free-fall amusement park ride that is 430-feet high, taller than the Statue of Liberty, in the heart of Orlando’s tourist district. Sheriff’s …
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Disabled Kids Allowed to Seek Modification of Virginia Mask Rule for Schools
A federal judge has ruled that an executive order and new Virginia law allowing parents to opt their children out of classroom COVID-19 mask mandates cannot prevent 12 vulnerable students from seeking a “reasonable modification” that could include a requirement …
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Sunday, March 27, 2022
Report: Sharp Drop in California Workers’ Comp Independent Medical Reviews
A report from the California Workers’ Compensation Institute on the state’s independent medical review process used to resolve workers’ comp medical disputes shows the number of IMR decision letters hit an all-time low in 2021. The drop comes as pharmaceutical …
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Judge Upholds $2M Verdict in Boston Police Gender Discrimination Suit
A federal judge has upheld the verdict that awarded a high-ranking Boston police detective $2 million after she accused her former boss of gender discrimination, harassment and retaliation. U.S. District Court Judge Leo Sorokin denied the city’s attempts to appeal …
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Court Dismisses Washington Post Reporter’s Discrimination Lawsuit
District of Columbia judge has dismissed a lawsuit filed by a Washington Post politics reporter who said the newspaper discriminated against her as a woman and victim of sexual assault. Felicia Sonmez sued the Post in July, saying the paper …
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Friday, March 25, 2022
Omicron Sidelined 7% of Restaurant Chain’s Workers in January
One of the largest restaurant chains in the U.S. said that more than 13,000 employees missed work in January, due to the omicron variant of the coronavirus. Orlando-based Darden Restaurants, owner of Olive Garden, LongHorn Steakhouse and other restaurants, said …
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Water Drain: Florida Court Rulings Show Importance of Exclusion Wording
Editor’s note: Insurers report that an increasing share of claims and claims litigation is the result of non-weather water damage. Jacksonville attorney Joseph Mackey of the Marshall Dennehey law firm shared his thoughts on two recent Florida appeals court decisions …
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People Moves: Cragin & Pike in Nevada Makes Rongavilla Partner; Kerestesi to CEO, Morse to COO
Cragin & Pike in Nevada announced numerous C-level promotions, including the agency’s first woman/first Hispanic shareholder partner, Dulcinea Rongavilla who is also named executive vice president. Scott Kerestesi becomes CEO, replacing Greg McKinley, who remains with the firm handling clients …
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Alex Jones Fails to Show Up for Sandy Hook Families’ Lawsuit Deposition
Infowars host Alex Jones failed to show up and testify under oath at a deposition Wednesday in a lawsuit filed by relatives of victims of the Sandy Hook Elementary School shooting, leading the families’ lawyer to call for Jones’ arrest …
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Thursday, March 24, 2022
Pepperidge Farm Resumes Baking After Fire at Connecticut Facility
Pepperidge Farm said it has resumed baking at a facility in Bloomfield, Connecticut after a fire there Wednesday that consumed several drums of an acid solution. The fire, which broke out at about 4:30 a.m., was contained in a tent …
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Louisiana Recovering After Tornadoes Plow Through Homes
Louisiana National Guardsmen and other responders went door-to-door in areas around New Orleans on March 23 as the region dug out from overnight tornadoes, with Gov. John Bel Edwards declaring a state of emergency and calling the destruction “devastating.” Other …
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Citizens: Underwriting Losses but $81M in Net Income Thanks to Investments
Citizens Property Insurance Corp. directors said Wednesday they continue to worry about the state of the Florida insurance market, Citizens’ growth and its potential losses, despite $6.5 billion in surplus and an $81 million net gain for 2021. “We just …
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Court Denies Insurer Use of Multiple Exclusions to Get Out of Defending Insured
Everest Indemnity Insurance Co. is on the hook to defend an insured alleged to have improperly installed a fire suppression system under its errors and omissions policy because its various exclusions were, at best, ambiguous. The ruling In Bayside Fire …
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Former Licensed California Agent Faces Felony Insurance Fraud Charges
Formerly licensed California insurance agent has been charged with 11 felony counts including identity theft, grand theft and embezzlement after allegedly writing 162 fraudulent policies in an attempt to gain unearned commissions. The California Department of Insurance began an investigation …
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Amazon Cited for Unsafe Work Practices at Washington Fulfillment Center
Amazon is facing a willful serious violation and a $60,000 fine for knowingly putting workers at risk of injury at its fulfillment center in Kent, Washington. A Washington Department of Labor & Industries inspection at the e-commerce giant reportedly found …
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Rhode Island Doctor Faces More Allegations by Labor Department
Federal labor officials are seeking a restraining order to bar a North Providence doctor from retaliating against a former employee who complained that a co-worker with COVID-19 put her at risk while she was pregnant. The Providence Journal reports that …
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Wednesday, March 23, 2022
Takeaways from Our Conversation on the Dormant Commerce Clause
If Congress ever gets around to legalizing cannabis, the process of revoking federal prohibition may not be so clear-cut – legalizing it could unleash the power of a somewhat obscure law that threatens “dire consequences for the states and the …
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Pinnacol Distributes $50M in Dividends to 51K Colorado Companies
Pinnacol Assurance is distributing general dividend checks to its customers totaling $50 million. Pinnacol has also lowered premium rates by an average of 11%. This is the seventh consecutive year of general dividend distributions. Nearly 95% of Pinnacol’s policyholders are …
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Long-Running Love Canal Suits Get May Court Date
Long-pending lawsuits stemming from toxic waste contamination in Niagara Falls’ notorious Love Canal neighborhood have a new court date in May. The Buffalo News reported Saturday that a federal appeals court in New York City will hear arguments in May …
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ProSight Specialty Rebrands as Coaction
New Jersey-based ProSight Global, Inc., a privately-owned specialty property/casualty insurance company, has announced that it is rebranding as Coaction Global, Inc. The new name is effective April 19, 2022. The rebranding comes following a go-private transaction completed in August of …
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California Lawmaker’s Bill to ‘Restore Ethics and Transparency’ at Department of Insurance Passes Committee
The Assembly Judiciary Committee on Tuesday unanimously approved a bill aimed at the California Department of Insurance that its author says will “restore ethics and transparency to a state agency he said has been plagued by scandal.” The committee passed …
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Virginia Governor Signs ‘Squatted Truck’ Ban Into Law
Virginia’s governor signed into law Monday a ban on squatted trucks just weeks after a crash that left a 27-year-old man dead. The legislation signed by Gov. Glenn Youngkin prohibits modifications that make a vehicle’s front bumper 4 or more …
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New York Medical Malpractice Insurer EmPRO to Enter New Jersey
New York medical malpractice insurer EmPRO Insurance Co., a subsidiary of Physicians’ Reciprocal Insurers, said it is expanding into New Jersey. It has filed to become an admitted insurer in New Jersey and plans to begin issuing policies in the …
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People Moves: IMA Adds Roberts; Alliant in Washington Names Brueske Vice President
IMA Financial Group Inc. named Stacy Roberts national energy practice director. Roberts will integrate and direct IMA’s energy practice, with a team of 50 brokers and client services professionals based in offices across the U.S. Roberts has more than 30 …
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Tuesday, March 22, 2022
Judge Reinstates Trump Independent Contractor Rule Withdrawn by Biden
A federal judge in Texas has nixed the Biden Department of Labor’s withdrawal of a Trump administration rule governing whether a worker is an employee or an independent contractor. U.S. District Court Judge Marcia A. Crone reinstated the Trump independent …
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TypTap CEO: Pause in Florida Writing was Planned; Growth Continues
The February news that five Florida-admitted property insurers had stopped writing new business in the state painted a picture of impending doom for the insurance market in the state. But officials with one of those companies, the relatively young TypTap …
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Related Claim Exclusion Doesn’t Require ‘Fundamentally Identical’ Actions in Delaware
The Delaware Supreme Court has ruled that solar panel manufacturer First Solar, which faced two securities class actions, is not entitled to have its insurance policies cover both because the later-issued policy excluded coverage for related actions. The state Supreme …
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Monday, March 21, 2022
New York Expands Opioid Settlement Board
New York Gov. Kathy Hochul signed legislation Saturday expanding the state’s Opioid Settlement Board from 19 members to 21 members. Hochul also appointed two women to the board, which is responsible for helping distribute settlement money from opioid manufacturers and …
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Rhode Island Reaches $107M Opioid Settlements With Teva and Allerga
Rhode Island’s attorney general on Monday announced settlements he valued at $107 million against the drugmakers Teva Pharmaceutical Industries TEVA.TA and AbbVie’s ABBV.N Allergan unit to resolve claims over their roles in fueling an opioid epidemic in the state. Attorney …
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Authorities Investigate California Crash Helicopter That Injured 6
Authorities on are investigating the crash of a Los Angeles County Sheriff’s Department rescue helicopter in Southern California mountains that left six people injured. The department’s Air Rescue 5 helicopter crashed shortly before 5 p.m. Saturday while responding to a …
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Arizona Auto Insurance Rates Rising on Heels of COVID
As if spiraling gas prices weren’t enough, motorists across Arizona and the nation are paying more for auto insurance as repair costs and more crowded roads push premium rates higher. After giving customers premium credits and refunds in 2020 as …
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Multiple Tornados Hit Texas; Severe Storm Warning Still in Effect For South Central Region
Multiple tornadoes were reported in central Texas Monday March 21, causing “devastating” property damage according to Gov. Greg Abbott. A tornado touched ground in Red Rock, about 30 miles southeast of Austin, according to the Williamson County Office of Emergency …
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Google Accused in Lawsuit of Systemic Bias Against Black Employees
A lawsuit filed on Friday accuses Google of systemic racial bias against Black employees, saying the search engine company steers them to lower-level jobs, pays them less and denies them opportunities to advance because of their race. According to a …
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Scouts Reach Deal With Catholic Committee in BSA Bankruptcy
A committee representing several Catholic entities in the Boy Scouts of America bankruptcy has reached a settlement with the BSA and is withdrawing its objections to its proposed reorganization plan, attorneys told a judge Friday. The announcement came on the …
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Fatal Crash Drives Maine to Address Gap in License Suspension Process
The Maine Bureau of Motor Vehicles and court officials have scrambled to close a gap in tracking and sharing information about criminal convictions that should result in license suspensions. The problem surfaced when a man who pleaded guilty to manslaughter …
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Massachusetts Dairy Firm Resumes Plant Operations After Cyber Attack
Most HP Hood LLC plants are back up and running after the dairy company’s network system was the victim of a “cyber security event,” but some school districts are concerned that they will have a milk shortage as a result. …
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Insurance Executive Pattwell Named to Head New Jersey Casino Reinvestment Agency
Gov. Phil Murphy has named a long-time insurance industry executive to head the state agency helping to redevelop Atlantic City. Sean Pattwell was appointed executive director of the Casino Reinvestment Development Authority after he was unanimously approved for the job …
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People Moves: Thaler to Chair California Workers’ Comp Institute Board; Belk, Brady, Hansen, Mathis, Steiner, Zender on Executive Committee
Sharon Thaler, national director of workers’ compensation field underwriting operations at AF Group/CompWest, has been elected to chair the California Workers’ Compensation Institute board for 2022. Thaler was elected at CWCI’s 58th annual meeting in Walnut Creek. She was first …
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Sunday, March 20, 2022
Operator Announces Plan to Refloat Ever Forward Ship Stuck in Chesapeake Bay
There’s now a plan to refloat a cargo ship that’s been stranded in the Chesapeake Bay for days, the ship’s operator said Friday. Salvor Donjon Smit has conducted underwater inspections of the 1,095-foot (334-meter) Ever Forward and a rescue team …
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Friday, March 18, 2022
$2.4 Million to be Paid to Minnesota Man Shot in Eye During Floyd Protests
A Minneapolis man who lost an eye when he was hit by a projectile fired by police during protests that followed George Floyd’s killing will get a $2.4 million settlement. Soren Stevenson, 27, was in a large group of people …
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DOJ Settles with Parkland Shooting Victims’ Families for $128 Million
The U.S. government has agreed to pay almost $128 million to the families of the victims killed in the 2018 mass shooting at Marjory Stoneman Douglas High School in South Florida, ending lawsuits that charged that the FBI was warned …
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NSI Acquires Florida-based HoneyQuote.com
NSI Insurance Group, one of the largest privately owned brokerage firms, announced it has acquired Florida-based HoneyQuote.com, a startup insurtech company that matches users with property insurers carriers in real time NSI, headquartered in Miami, said in a news release …
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Ping An Insurance Profit Falls 29%
China’s Ping An, the country’s largest insurer by market value, reported its biggest annual profit fall since 2008 on Thursday amid pressure on its premium income. Ping An posted a 29% fall in annual net profit to 101.6 billion yuan …
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New York Enacts Expanded Anti-Harassment Workplace Laws
New York expanded workplace harassment protection for all public employees and banned the release of anyone’s employment records in retaliation for speaking up about alleged abuse, part of a package of new laws signed by Gov. Kathy Hochul on Wednesday. …
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Thursday, March 17, 2022
Swiss Re to Reduce Cover for Oil, Gas Operations
Swiss Re, the world’s second biggest reinsurer, said it would increase the number of oil and gas producers for which it refuses cover, following mounting pressure on big business to help the drive to curb a global temperature rise. In …
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Maine Farmers $100M Plan to Tackle PFAS Contamination
Maine farmers and the state’s agriculture commissioner have testified in favor of a proposal that would create a $100 million fund to help pay for problems caused by long-lasting chemicals. The Maine Legislature is considering creating the fund to do …
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People Moves: Alliant in California Names VanZanten VP in Employee Benefits group; Burns & Wilcox Adds New Associates
Alliant Insurance Services named Kerstin VanZanten vice president within its employee benefits group. VanZanten is based in Orange County, California. VanZanten’s background includes experience in benefits communication and enrollment and leadership roles with various large insurance carriers. VanZanten previously was …
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Maryland’s Hershberger Insurance Agency Joins Ensurise Network
Ensurise announced that Hershberger Insurance Agency has joined its agency network. Hershberger Insurance Agency will continue to operate from its Grantsville, Maryland location. Currently under the leadership of Frank J. Trotta II, the firm has been serving clients in the …
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A Year After Ever Given Ship Blocked Canal, Ever Guard Runs Aground in Chesapeake Bay
The Ever Forward container ship is currently grounded in the Chesapeake Bay near Baltimore, according to the U.S. Coast Guard, nearly a year after another ship run by the same company blocked the Suez Canal for six days. The container …
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Wednesday, March 16, 2022
Music and Business Industry Specialist Gravitas Insurance Group in California Launches
Gravitas Insurance Group, an insurance brokerage in Los Angeles, California, designed exclusively to serve the music and business management communities, was launched this week by John Tomlinson. Tomlinson previously established the music practices at Lockton Cos. He will serve as …
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Groups Sue for Records in Montana Mine Pollution Case
Conservation groups are suing Gov. Greg Gianforte’s administration to obtain records related to its decision to drop legal claims against a mining executive over decades of pollution from several mines. The groups, Earthworks and Montana Environmental Information Center, filed the …
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Washington Contractors Fined for Death of Worker at Convention Center
Washington state has fined two construction companies a combined $20,000 after a construction worker was killed at the downtown Seattle convention center expansion. Bryan Phillips, 31, died in an accident at the site in September, the Seattle Times reported. In …
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Chemical Analysis Shows Effects of Wildfire Smoke on Grapes and Wines in Western U.S.
NEWSWISE – As wildfire season in the West grows in length and severity, it is taking a toll on the wine industry through the effects of wildfire smoke on the quality of wine grapes. Volatile compounds in the smoke from …
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Rhode Island AG Sues 4 Landlords Over Lead Poisoning Hazards
Four Rhode Island landlords who own properties in which children with lead poisoning live have been sued by the state for alleged noncompliance with state lead poisoning prevention laws, the attorney general’s office said Friday. Significant lead hazards were found …
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Parking Lot Is No Exception to Government Immunity, Maine Supreme Court Rules
The state cannot be held liable for injuries sustained in a parking lot that is regularly used by people accessing a public building, the Maine Supreme Court has ruled. On March 15, in Klein v. University of Maine System, the …
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Group Vows to Hold Shell Directors Personally Liable for Alleged Climate Plan Failure
LONDON — Environmental lawyers ClientEarth said on Tuesday they were preparing legal action against the directors of Shell over the company’s climate transition plan, in what they said would be the first such case of its kind. The ClientEarth lawyers …
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M.J. Hall Launches Admitted Cannabis Management Liability in California and Arizona
M.J. Hall & Co. is now offering directors and officers liability, employment practices liability and fiduciary liability insurance coverages to cannabis companies and their executives through an admitted product in California and Arizona. The California Department of Insurance recently approved …
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Tuesday, March 15, 2022
Generali CEO Confident of Closing on Additional Stake in Its Indian Joint Venture
Generali is confident it will finalize the acquisition of a bigger stake in its Indian joint venture Future Generali after an Indian court cleared the path for the deal last week, Chief Executive Philippe Donnet said on Tuesday. Italy’s biggest …
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Gallagher Rebrands India Business After Edelweiss Acquisition
Gallagher, the international insurance broker, announced the rebranding of its India business to Gallagher Insurance Brokers Private Ltd. Gallagher Insurance Brokers Private Ltd. is one of the leading providers of risk management services, general insurance broking and risk solutions in …
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Russia, Belarus Represent Less Than 1% of Business Transacted by Lloyd’s
Russia and Belarus represent less than 1% of business transacted by Lloyd’s of London, the commercial insurance market said on Tuesday. “We’ll keep deploying our expertise, resources and networks – covering crucial areas like cyber, space and political risk – …
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Generali Reports Record Operating Profit in 2021
Italy’s top insurer Generali GASI.MI, facing a power struggle over its management, said on Tuesday it posted its best operating profit ever in 2021 thanks to the contribution of all of its business segments. Generali also said it continued to …
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Monday, March 14, 2022
Coming Soon: Stadium-Sized Site to Test 200-mph Wind, Waves, Storm Surge
In the not-too-distant future, researchers should be able to see exactly which materials and construction techniques hold up best against the worst that Mother Nature has to offer: 200-mph winds, storm surges and the pounding of waves – all at …
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Trial Against Teva Begins in Rhode Island Multibillion-Dollar Opioid Case
Rhode Island is set to square off on Monday against Teva Pharmaceutical Industries Ltd., as a multibillion-dollar trial begins over whether the Israeli company contributed to an opioid crisis that has caused more than 500,000 deaths over the past two …
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New Hampshire Ex-Police Officer Settles With Driver in Assault Case
A former New Hampshire state trooper who was caught on video punching a man following a 2016 car chase has settled with the driver. Andrew Monaco had resigned and pleaded guilty to simple assault charges in 2016 in an agreement …
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Takeaways from Our Conversation on Who the Insuring Cannabis Brokers Are
Are most people in the insuring cannabis business merely cannabis insurance brokers in name only – their only client being a cousin who owns a mom-n-pop dispensary in downtown? Or do most focus primarily on cannabis? Or, perhaps they work …
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People Moves: Woodruff Sawyer in California Makes Neuhalfen Commercial Lines Director; Lopez VP and Corporate Securities Attorney
Woodruff Sawyer named John Neuhalfen director of operations in commercial lines. Neuhalfen will be based in the San Francisco, California office. He spent 15 years at Chubb, where he was most recently a regional vice president. Woodruff Sawyer also named …
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California Commissioner Wants Insurers to Withdraw Russian Financial Support
California Insurance Commissioner Ricardo Lara on Monday issued a notice to all insurance companies doing business in the state to review their financial holdings and take immediate steps to identify and divest from any direct investments in Russian assets or …
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In Rift with Kemp, Trump Picks Own Man for Georgia Insurance Post
Former President Donald Trump’s reported grudge against Georgia’s Republican governor has reached downballot, with Trump endorsing a candidate for insurance commissioner who only entered the race last week. The Atlanta Journal-Constitution newspaper reported that Trump has favored Patrick Witt, who …
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Arthur J. Gallagher & Co. Acquires Hawley & Associates in Washington
Arthur J. Gallagher & Co. acquired Bellevue, Washington-based Hawley & Associates LLC. Hawley & Associates was founded to provide specialized insurance services for adoption, foster care and child welfare agencies and over the years its offerings have expanded into all …
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Congress Approves Cyber Attack Reporting Requirement for U.S. Companies
Companies critical to U.S. national interests will now have to report when they’re hacked or they pay ransomware, according to new rules approved by Congress. The rules are part of a broader effort by the Biden administration and Congress to …
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ALKEME Acquires JB Wright Insurance Services in California
ALKEME acquired JB Wright Insurance Services in Chino, California. JB Wright operates in all 50 states, and it specializes in personal and commercial lines. Ladera Ranch, California based ALKEME is backed by GCP Capital Partners, and provides services including property/casualty, …
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Judge Declines to Delay Ruling Against Virginia School System’s Admissions Policy
A federal judge has again ruled against a northern Virginia school system that he found guilty of discriminating against Asian American students when it overhauled its admissions policies at a highly selective high school. On Friday, U.S. District Judge Claude …
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Sunday, March 13, 2022
Investigation Blames California Zip-line Worker Fatality on Safety Failures
A federal workplace safety investigation found that a 34-year-old worker’s fatal fall might have been prevented had the operator of a Pauma Valley, California, zip-line attraction implemented required safety measures. A U.S. Department of Labor Occupational Safety and Health Administration …
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Connecticut Eyes Study of Youth Sports Safety After Hockey Player’s Death
A Connecticut legislative committee has approved a bill calling for a study of youth sports safety including the use of hockey neck guards, in response to the death of a 10th grade hockey player. The Committee on Children signed off …
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Friday, March 11, 2022
People Moves: PCF in Utah Makes Morgan COO and CFO; PCF Names Jakaitis Vice President in Marketing
PCF Insurance Services named Felix Morgan, the firm’s chief financial officer, chief operating officer as well. Morgan will oversee the business’s operational functions and guide the development of support resources, oversee expense, performance and IT management, legal, human resources, and …
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Massachusetts School Employee Denied Remote Work Files Complaint
A middle school counselor and social worker has filed a complaint with the Massachusetts Commission Against Discrimination alleging she was unfairly fired after she asked to work from home because she is pregnant and has other health issues. Katherine Lockwood, …
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Thursday, March 10, 2022
Top Ship Certifier Lloyd’s Register Withdraws Services to Russia
Lloyd’s Register, one of the world’s top ship certifiers, is stopping services to Russia after sanctions were imposed on Moscow for its invasion of Ukraine, the company said on Thursday. Classification societies including LR provide services such as checking that …
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California Commissioner OKs Higher Commercial Coverage Limits for FAIR Plan
California Insurance Commissioner Ricardo Lara approved increases in the limits of coverage to the California FAIR Plan Association’s commercial programs offered to businesses, no later than May 1. Lara’s action allows businesses unable to secure insurance coverage in the normal …
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Purdue Pharma Judge Overrules DOJ to Approve $6 Billion Opioid Settlement
The judge overseeing Purdue Pharma’s bankruptcy on Wednesday approved a $6 billion opioid settlement funded by its Sackler family owners, overruling objections from the Department of Justice and 20 states that opposed the deal. Under the settlement, the Sacklers would …
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New Chief at Pinnacol in Colorado Plans to Transform Hundred-Year-old Carrier to Deal with Changing Workforce
John O’Donnell picked an interesting time to change jobs. The way the world works is radically changing, and just as the pandemic – apparently – wanes, he’s taking the helm of a large workers’ compensation provider. The biggest challenge he …
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Hub Acquires Niedermeyer Risk Management in Oregon
Hub International Ltd. acquired the assets of Niedermeyer Risk Management LLC in Beaverton, Oregon. Jon Niedermeyer, CEO & managing partner of Niedermeyer Risk Management, and the Niedermeyer Risk Management team will join Hub Northwest. Niedermeyer Risk Management provides employee benefits …
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Keystone Adds New Jersey’s Strategic Insurance Partners
The Pennsylvania-based insurance brokerage platform Keystone Agency Partners (KAP), has acquiredadmin Strategic Insurance Partners (SIP), an independent insurance agency based in Nutley, New Jersey, to its network. Financial terms of the transaction were not disclosed. Founded in 1900, SIP is …
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Wednesday, March 9, 2022
AM Best Raises Country Risk Level for Russia
The insurance rating firm AM Best said it has moved its country risk tier for Russia to a CRT-5 from a CRT-4 to reflect the “significantly heightened geopolitical, economic and financial system risk” in the country. Sanctions against Russia have …
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Texas Oilfield Company Charged With Workers Safety, Environmental Crimes
A federal grand jury in Midland, Texas, returned an indictment charging an oilfield company and an executive of the company with worker safety and environmental crimes. According to court documents, Aghorn Operating Inc. owns and operates oil wells and leases …
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Iowa Tornadoes Deadliest Since 2008; Storm Caused Estimated $1 Billion in Damage
Four of the seven people killed in devastating storms that tore through central Iowa were members of the same family who had sought shelter inside a home that was razed by a powerful tornado, authorities said. Two children, their father …
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Florida Class Action Wants Answer: Must Insurer Pay Attorney Fees for Pre-Suit Notices?
Florida’s Senate Bill 76, signed into law last June, was supposed to help reduce insurance claims litigation by making policyholders give 10-day notice before they file suit. The idea was to give insurers a little more time to settle, re-inspect …
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Rhode Island Supreme Court Rules ‘Civil Death’ Law for Inmates Is Unconstitutional
An archaic Rhode Island law that says prison inmates serving life sentences are considered civilly dead in terms of their civil rights is unconstitutional, the state Supreme Court ruled in a landmark decision released Wednesday. The 1909 law says inmates …
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Tuesday, March 8, 2022
GM Financial to Pay Massachusetts $1.8M Over Alleged Delays in GAP Insurance Refunds
GM Financial, an automobile financing company, has agreed to pay more than $1.8 million to resolve allegations that the company’s business practices violated Massachusetts state consumer protection laws. Attorney General Maura Healey’s office alleged that Americredit Financial Services, Inc., d/b/a …
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People Moves: EPIC Adds Lucero in California; CLARA Names Cossio VP of Sales
EPIC has added Juliet Lucero in Newport Beach, California. Lucero will work with schools to identify the benefits strategies to meet short-term and long-term goals, while establishing programs to address the needs of school employees. Lucero was previously assistant vice …
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Monday, March 7, 2022
Judge Dismisses Suit in Fatal Police Shooting in Utah
A federal judge has dismissed a wrongful death lawsuit filed by the family of a Utah man who was shot at nearly 30 times and killed as he ran away from Salt Lake City police in 2020. U.S. District Judge …
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ALKEME Acquires Chergey Insurance in California
ALKEME acquired Chergey Insurance in Thousand Oaks, California. Chergey Insurance offers services including workers’ compensation, property, general liability, and commercial auto. ALKEME is brokerage operating in 50 states, specializing in workers’ comp, property, liability, and commercial auto.
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Eastern Insurance Acquires Michals Agency in Massachusetts
Natick, Massachusetts-based Eastern Insurance Group reports it has acquired the operating assets of Michals Insurance Agency, an insurance agency about 16 miles away in Watertown. Terms were not disclosed. The transaction marks the 35th acquisition of an independent insurance agency …
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UN Report Details Extent of Climate Change on Gulf Coast
Hurricane Harvey dumped more than 50 inches of rain on parts of the Texas coast in 2017. Then in 2020, ferocious winds from Hurricane Laura destroyed homes across coastal Louisiana. Hurricane Ida hit in 2021, leaving the entire city of …
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Minnesota Lawmakers Disagree Over Drought Relief Package
Minnesota farmers and ranchers still reeling from last summer’s drought are asking the Legislature for urgency on relief, though lawmakers on either side of the aisle have yet to agree on what a final package should look like. Relief legislation …
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Sunday, March 6, 2022
Florida Insurers Crying Foul Over Slide’s ‘Favored’ Treatment in St. Johns Insolvency
The news that a startup Florida insurance company will assume $400 million in policies from the now-insolvent St. Johns Insurance Co. – without any input from other carriers – has set tongues wagging and emails flying among Florida insurance executives. …
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Vermont Police Continue Probe Into 36-Car Pileup
Vermont State Police say the recent multi-car pileup on I-89 likely was the largest motor vehicle crash in state history. Thirty-six vehicles were directly involved in the crash Feb. 28 in heavy and blowing snow and icy road conditions. Another …
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New Jersey Initiates Controlled Burns to Lessen Fire Risk in Pinelands
New Jersey environmental officials are fighting fire with fire, using so-called “controlled burns” to reduce the risk of future wildfires by burning pine needles, dead leaves and other dry underbrush. Removing potential fuel from the forest floor deprives future fires …
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Hub Acquires Western Assurance Corp. in New Mexico
Hub International Ltd. acquired the assets of Western Assurance Corp. in Albuquerque, New Mexico. Chris Williams, president of Western Assurance, and the Western Assurance team will join Hub Southwest. Western Assurance is an independent agency providing insurance services, including commercial …
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Medical Access in California Workers’ Compensation Examined
A new California Workers’ Compensation Institute study shows injured workers’ overall access to medical care for their initial treatment remained relatively consistent between 2010 and 2020. CWCI used data from more than 1.5 million job injury claims from accident years …
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Friday, March 4, 2022
Italian Insurer Generali to Pull Out of Russia, Give Up Seats on Russian Insurer Board
Leading Italian insurer Generali said on Thursday it was pulling out of Russia after Moscow’s invasion of Ukraine, while Intesa Sanpaolo, Italy’s biggest bank, is reviewing its presence there. Generali said that it would be closing its Moscow office and …
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California Cites Resort $3.3M for Failing to Rehire Workers Axed During Pandemic
The California Labor Commissioner’s Office cited Terranea Resort in Rancho Palos Verdes $3.3 million for failing to offer job positions to 53 employees laid off during the COVID-19 pandemic once the resort reopened. The employees included housepersons, banquet servers and …
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Thursday, March 3, 2022
People Moves: Pinnacol Names O’Donnell President and CEO; Altman Becomes CEO of Covered California
Pinnacol Assurance named John O’Donnell president and CEO. He will join the company Feb. 28. O’Donnell will succeed Phil Kalin, who is retiring on March 31. O’Donnell has 30 years of leadership experience. He most recently was an executive vice …
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Maryland Weighs Measures to Enhance State, Local Government Cybersecurity
Maryland lawmakers highlighted a package of measures Wednesday to tighten cybersecurity in the state. Maryland House Speaker Adrienne Jones noted that Baltimore County was one of about 50 school systems across the nation attacked with ransomware in 2020, costing the …
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ANALYSIS-Who Pays? UN Climate Report Reignites Global Fight for Compensation
With this week’s U.N. climate science report laying bare the staggering economic costs and losses already faced from climate change, an inevitable question arises: who should pay? Within U.N. climate negotiations, “loss and damage” refers to the costs countries are …
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Wednesday, March 2, 2022
District of Columbia Regulator Expands Internships to Gallaudet Students
Gallaudet University and the District of Columbia Department of Insurance, Securities and Banking (DISB) announced that Gallaudet students will have expanded opportunities to gain practical work experience in municipal government and financial services regulation, thanks to DISB’s Financial Services Academy. …
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Acrisure Continues Global Expansion With Acquisition of Spain’s Summa Brokerage
Michigan, U.S.-based financial services and insurance brokerage firm Acrisure reports it has acquired a top insurance brokerage in Spain, Summa Insurance Brokerage. Since its founding in 2005, Summa has grown revenues to more than €11.5m ($13m) and expanded its offices …
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Ship Insurer West Withdraws Cover on 2 Russian Ships Over U.S. Sanctions
British ship insurer West of England has withdrawn cover for two container ships operated by Russia’s FESCO Transportation Group after the vessels were listed by the U.S. Treasury as part of broader sanctions, West said on Wednesday. These are the …
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Analysis: Russian Ransomware Attacks on Ukraine Muted by Leaks, Insurance Exclusion
Warnings that pro-Russian ransomware gangs would snarl networks in Ukraine and its allies have so far failed to materialize amid disarray among the criminal underworld often behind such attacks and fears insurers would not pay out. Conti, one of the …
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California Bar Investigates After Records Published Online
The State Bar of California is investigating a data breach after learning that a website published confidential information about 260,000 attorney discipline cases in California and other jurisdictions. State Bar officials learned about the posted records on Feb. 24, the …
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‘Injections, Injections, Injections’: Troubling Questions Follow Closure of Sprawling Pain Clinic Chain
HANFORD, Calif. — On May 13 of last year, the cellphones of thousands of California residents undergoing treatment for chronic pain lit up with a terse text message: “Due to unforeseen circumstances, Lags Medical Centers will be closing effective May …
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People Moves: Pathpoint Names Blust Chief Risk Officer; Woodruff Sawyer Adds Urick in California
Pathpoint Inc. named Ralph Blust chief risk officer and president. Blust oversees Pathpoint’s sales and underwriting operations teams. Blust has more than 35 years of insurance industry leadership. He was most recently chief executive officer of National Flood Services. Blust …
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Tuesday, March 1, 2022
Insured Losses From February’s Windstorms in Europe Could Reach €4.5 Billion: RMS
Insured losses from February’s windstorms Dudley and Eunice will likely fall between 3.0 and 4.5 billion Euro (US$3.4 and US$5.1 billion), with Germany accounting for around 40% of the total loss, according to risk modeling firm RMS. In addition to …
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