Virginia Security Firm Settles Religious Discrimination Claim Over Employee’s Beard

Triple Canopy, Inc. a Reston, Virginia-based company that provides protective services to federal agencies, will pay a former employee $110,759 and provide other relief to settle a religious discrimination and retaliation lawsuit filed by the U.S. Equal Employment Opportunity Commission …

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Ice Storms and Blizzards Pummel the Central US

MINNEAPOLIS (AP) – From an ice storm in North Dakota that sealed windows shut to blizzard conditions in Colorado causing hundreds of airport delays and cancellations, a winter storm pummeled much of the central United States on Tuesday, the day …

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Pennsylvania Law Assures Medical Expense Coverage for Injured Unlicensed Driver

An unlicensed driver exclusion in a Pennsylvania auto insurance policy does not apply to allow an insurer to deny statutorily mandated first party medical expense benefits, the Pennsylvania Superior Court has ruled. The appeals court found that the exclusion does …

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New York Governor Vetoes Bill That Would Ban Noncompete Agreements

New York`s governor vetoed a bill days before Christmas that would have banned noncompete agreements, which restrict workers` ability to leave their job for a role with a rival business. Gov. Kathy Hochul, who said she tried to work with …

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Philadelphia News Helicopter Hit Trees, Broke Apart, Then Caught Fire After Fatal Crash

A Philadelphia television news helicopter returning from an assignment photographing Christmas lights earlier this week plunged into a southern New Jersey forest “at very high speed,” broke apart, then caught fire after it crashed, killing both occupants, a federal crash …

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California Awards $21.7M to Boost Climate Resilience Across the State

A new Regional Resilience Grant Program aims to protect California communities from climate impacts like wildfire, drought, sea level rise and extreme heat. State leaders have unveiled a $21.7 million funding initiative in the inaugural round of California’s Regional Resilience …

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Wegman’s Has Right to Question Injured Worker’s Doctor, Rules New York’s High Court

Wegman’s Food Markets was wrongly denied an opportunity to cross-examine an injured employee’s doctor, the New York Court of Appeals has ruled, overturning rulings by a workers’ compensation law judge, the New York State Workers’ Compensation Board and a lower …

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Drought-Prone California Oks New Rules for Turning Wastewater into Drinking Water

When a toilet is flushed in California, the water can end up in a lot of places – the ice in a skating rink, the manufactured snow on ski slopes, in pipes providing irrigation for farmland. And – coming soon …

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Long Island Awnings Company Owes $252K for Back Pay, Damages

A Long Island awnings company and its owner will pay $252,370 in back wages and damages to nearly three dozen workers who were denied overtime wages over a three-year period, after a U.S. Department of Labor investigation. A wage and …

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Northeasternn Storm Causes Power Outages, Flooded Roads, Fallen Trees, Travel Delays

A storm barreled up the East Coast on Monday, flooding roads and downing trees in the Northeast, knocking out power to hundreds of thousands, and forcing flight cancelations and school closures. More than 5 inches (13 centimeters) of rain had …

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Judge Nixes Chubb Bid to Exit Diocese’s Thousands of Child Sex Abuse Suits

A New York judge has ruled that the “plain language” of Chubb Insurance policies dictates that the insurer must cover the Archdiocese of New York parishes and schools as they contend with thousands of sex abuse lawsuits. Chubb has balked …

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Tesla Driver Paying $23K for 2019 California Crash

A Tesla driver will pay more than $23,000 in restitution for the deaths of two people during a 2019 car crash in a Los Angeles suburb, a decision announced the same day that the automaker recalled nearly all vehicles sold …

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Fire Marshal Investigating Blast That Injured One, Severely Damaged Pennsylvania Home

One person was injured and a house was severely damaged Friday by an early morning explosion at a home about 10 miles northwest of Reading, Pennsylvania. A male was hospitalized after the blast just before 7 a.m. in Bernville. A …

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Washington Insurance Commissioner Issued $305K in Fines

Washington Insurance Commissioner Mike Kreidler issued fines in November totaling $305,694 against insurance companies and insurance producers for violations of state insurance laws and regulations. Following are the fines, the reasons for them from the commissioner’s office and the details …

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Clorox, Boeing, MGM and More: Why Big Hacks Have Surged in 2023

Widely disruptive, large-scale hacks are surging. After a lull in 2022, ransomware attacks on high-value targets such as big companies, banks, hospitals or government agencies, have seen a “massive uptick” this year, rising 51% through late November, according to cybersecurity …

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Cannabis Insurance Specialists See Optimism in 2024 Data, Planning for Growth and More Capacity

From a broad view, data from the cannabis industry fails to paint an informative picture of what lies ahead for the business in 2024 or what the year holds for insurance professionals specializing in servicing the sector. Despite a prevailing …

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Massachusetts Farmers Get $20 Million in Disaster Relief After Rough Year

It was a rough year for many Massachusetts farmers who experienced a deep February freeze, a late May frost event, and catastrophic flooding in July. To help them recover from the damage, the Healey-Driscoll Administration announced that the state’s Natural …

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New Jersey Brings Civil Suits Against 3 Gun Dealers Over Visibility, Security, Ghost Guns

New Jersey`s attorney general sued three firearms dealers Tuesday, alleging one illegally stored firearms that were visible from outside a store and that the two others tried to sell “ghost guns.” The suits mark the first complaints filed under a …

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Lawmakers Urge Expanded Safety and Mental Health Programs for Commercial Fishermen

A federal program that protects the health and wellbeing of commercial fishermen should be expanded to include substance use disorder and worker fatigue, a group of lawmakers from New England and Alaska said. The lawmakers want to expand a federal …

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GM’s Cruise Robotaxi Unit Dismisses Nine Execs After Safety Probe

General Motors’ Cruise robotaxi unit dismissed nine key people amid an ongoing safety investigation, according to a memo seen by Reuters on Wednesday, which the company confirmed included Chief Operating Officer Gil West. The investigation relates to an October incident …

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Crews Work to Contain Gas Pipeline Spill in Washington

Responders set up a containment boom after a gasoline spill from the weekend failure of part of a pipeline in northwest Washington, but federal regulators reported no signs of any fuel reaching the Skagit River. About 25,660 gallons of gasoline …

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Oregon’s Compensable Worker Fatalities up in 3Q, Report Shows

A report from the Oregon Department of Consumer and Business Services for the third quarter shows a rise in work-related compensable fatalities. The department’s Quarterly Fatality report for the third quarter 2023 measures these workplace fatalities from July 1 to …

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Firefighters Search Six-Story Bronx Apartment Building That Collapsed

A six-story corner of a Bronx apartment building collapsed Monday afternoon, leaving apartments exposed like a stack of shelves, according to authorities and bystander and news video. There were no reports of injuries by early evening, but firefighters were continuing …

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Washington Cancer Center Patients Receiving Threatening Emails Following Massive Breach

Some patients of a Seattle, Washington-based cancer center received threatening emails following a data breach last month. Fred Hutchinson Cancer Center officials said a Nov. 19 hack hit a portion of the health care system`s clinical network, possibly leaking patient …

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New York College Faces Students’ Lawsuit Over Abuse by Ex-Con Who Lived on Campus

Two former students are suing Sarah Lawrence College, arguing the New York school failed to protect them from Lawrence “Larry” Ray as the ex- convict moved into his daughter’s housing on campus and began grooming her friends for abuse. The …

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Judge Gives Early Nod to GEICO’s $5M Settlement in Georgia Class Action

GEICO Indemnity Co. has agreed and a federal court in Georgia has given approval to a preliminary settlement of $5.1 million in a class-action lawsuit in which plaintiffs said the insurer had shorted them on ad valorem taxes when their …

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Travelers Wins CGL v. E&O Battle in Insurance Agency Defamation Case

Travelers Casualty Insurance Co. did not owe a duty to defend or indemnify its insured, CBIZ Borden-Perlman Insurance Agency, Inc., in a tort action in which Republic, as another insurer of B-P, bore the litigation and settlement costs, a federal …

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Two Charged in 50 Crimes Including Thefts of 16 Luxury Cars Worth $1 Million

Massachusetts Attorney General Andrea Joy Campbell announced indictments against two men for a total of 50 crimes including thefts of 16 luxury cars valued at more than $1 million. Dyllan Lopes, age 21 of Quincy, was indicted for 31 crimes …

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What to Expect in Personal Lines: Regulatory Battles Ahead; Allstate May Drop Customers

Analysts from Standard & Poor’s predicted this week that while personal auto results are starting to stabilize, the continued push for rate in 2024 will set the stage for more faceoffs between regulators and insurers. Tim Zawacki, principal insurance analyst, …

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Pennsylvania Forms Flood Insurance Affordability Task Force

Pennsylvania has established a task force to recommend policies to make flood insurance more affordable. The Flood Insurance Premium Assistance Task Force will examine potential programs that provide premium discounts, incentives for local governments to support flood mitigation efforts, necessary …

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People Moves: kWh Analytics in California Names McLean Chief Underwriting Officer

kWh Analytics, headquartered in San Francisco, Calif., named Isaac McLean as the company’s chief underwriting officer. McLean has more than 18 years of insurance experience, previously serving as head of property insurance at kWh Analytics. Before joining kWh Analytics, McLean …

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Bus Driver Who Passed Out From Eating THC Gummies Placed on Probation

A commercial bus driver who pulled over on a Connecticut highway and passed out with 38 passengers aboard after eating THC- infused gummies has been granted a probation program that could result in criminal charges being dismissed. A state judge …

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US Supreme Court Torn Over Purdue Pharma Bankruptcy Settlement

U.S. Supreme Court justices on Monday struggled over whether to approve OxyContin maker Purdue Pharma’s bankruptcy settlement, voicing concern the deal would shield its wealthy Sackler family owners from lawsuits over their role in a deadly opioid epidemic while also …

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New Hampshire Roofing Contractor Lied to Beat OSHA Penalties, Judge Says

A New Hampshire contractor has been accused of lying and being evasive in an attempt to avoid responsibility for safety hazards for roofers at his worksite. A federal administrative law judge has determined that Barry Billcliff, doing business as Merrimack …

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New York Court Upholds Nursing Home COVID-19 Immunity

A New York state appellate court has ruled that an April 2021 state law repealing a March 2020 grant of immunity to nursing homes over their handling of COVID-19 patients is not retroactive. The ruling means a nursing facility in …

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Trump Denied Immunity Against US Election Subversion Charges

Donald Trump is not entitled to absolute presidential immunity against criminal charges over his efforts to overturn the 2020 presidential election, a federal judge ruled, saying the office doesn’t come with a “lifelong ‘get-out-of-jail-free’ pass.” US District Judge Tanya Chutkan …

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Fishing Community Mayor, Top Officials Off the Hook in Retaliation Claims

The mayor and other city officials in the fishing community of Gloucester, Massachusetts are protected under qualified immunity against claims by the city’s harbormaster that they violated his First Amendment rights. The harbormaster sued the mayor, city solicitor, chief administrative …

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Former Root Marketing Exec Pleads Guilty to Taking Over $10 Million From the Insurer

Brinson Caleb “BC” Silver, former chief marketing officer for insurtech Root, has pleaded guilty to stealing more than $10 million from his former employer and violating court orders. According to the U.S. Attorney’s Office for the Southern District of Ohio, …

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Oregon Regulator to Investigate Pacificorp’s Request to Limit Wildfire Liability

Oregon’s utility regulator this week said it would investigate a petition by PacifiCorp to limit its liability from future wildfire-related lawsuits, delaying a decision on the power provider’s request by as long as nine months. In October, the Berkshire Hathaway …

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INSTANDA Adds Keast as VP of Sales in Colorado

INSTANDA, headquartered in London, England, hired Geoff Keast as its new vice president of sales. Before joining INSTANDA, Keast held senior roles with Fiserv and ABnote North America. He spent nearly eight years with Montoux, a cloud-based automation platform for …

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People Moves: Alliant in California Names Khalaf SVP

Alliant Insurance Services, headquartered in Irvine, Calif., hired Martin Khalaf as senior vice president within its Alliant Americas division. Khalaf is based in San Diego, Calif. Before joining Alliant, Khalaf was senior vice president within the San Diego office of …

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Buffett Gave Tribute to Partner and Friend Munger in Latest Annual Report

Warren Buffett’s Berkshire Hathaway released a brief statement late Tuesday announcing the death of Vice Chair Charlie Munger but the CEO paid tribute to his long-time partner months ago in the company’s most recent annual report. Under the heading, “Nothing …

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Jewish Groups Sue UC Berkeley Over ‘Unchecked’ Antisemitism

The University of California, Berkeley was sued on Tuesday by Jewish groups who said it has become a hotbed of “unchecked” antisemitism, including at its elite law school. According to a complaint by the nonprofit Louis D. Brandeis Center, UC …

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Charlie Munger, Who Helped Buffett Build Berkshire, Dies at 99

Charles Munger, the alter ego, sidekick and foil to Warren Buffett for almost 60 years as they transformed Berkshire Hathaway Inc. from a failing textile maker into an empire, has died. He was 99. He died on Tuesday at a …

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Rhode Island’s Thompson Insurance Fills New HQ

Thompson Insurance Group, a Rhode Island firm that includes insurance, real estate and investment companies, has made a move – a physical move to a new corporate headquarters. The group said in a news release that it had opened a …

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New Jersey Workers’ Compensation Rates to Fall 3.9% for 2024

New Jersey’s insurance regulator has approved a 3.9% reduction in workers’ compensation and employer liability rates starting January 1, 2024. The approved statewide rate change is based on the latest financial and statistical data reported to the New Jersey Compensation …

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FBI Closes Probe of Car Wreck at Niagara Falls Bridge, No Indication of Terrorism

FBThe FBI has ended its investigation of a fiery car wreck that killed two people at a border checkpoint in Niagara Falls after finding no evidence that it was a terror attack, easing a period of high tensions as Americans …

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New Jersey Blaze lnjured 8 Firefighters and Displaced a Dozen Residents

Eight firefighters were injured battling a Thanksgiving night fire that displaced more than a dozen residents in West New York, New Jersey, officials said. WABC-TV reports that the fire was in an apartment above a pharmacy on Bergenline Avenue at …

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New York Contractor Faces $522K OSHA in Penalties for Exposing Workers to Fall Hazards

A federal workplace safety investigation alleges that a Huntington, New York contractor could have prevented a roofer’s fatal fall at a Glen Cove worksite in April by following legally required safeguards designed to prevent falls. The Occupational Safety and Health …

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Inszone Acquires Letherer Insurance Consultants in New Mexico

Inszone Insurance Services acquired in New Mexico. Letherer Insurance Consultants specializes in professional liability coverage for attorneys, dentists, doctors and accountants. Sacramento, California-based Inszone is an insurance brokerage that provides property/casualty insurance and employee benefits.

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Bill Cosby Accuser Files New Lawsuit Under Expiring New York Survivors Law

A woman who said Bill Cosby sexually assaulted her when she was a young comedy writer more than 50 years ago filed a lawsuit against the actor Thursday under a soon-to-expire New York law that gave victims of sexual abuse …

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Intentional Investment in People, Culture Key Values at Crest Insurance

Crest Insurance Group offers its employees the freedom to succeed. “Our entrepreneurial structure enables teams and individuals to achieve higher levels of success than they would achieve in a more highly structured or rigid corporate culture,” wrote one nominating employee. …

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People Moves: California Commissioner Make Appointments to CAARP, CIGA Board and Insurance Diversity Task Force

California Insurance Commissioner Ricardo Lara reappointed members Bernardo de la Torre, Cynthia Strathmann and Doug Heller to the California Automobile Assigned Risk Plan (CAARP) Advisory Committee. Deepika Srivastava and Don Jones were named the newest members of the California Insurance …

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Mahoney Group Fights Inflation, Boosts Employee Happiness Other Ways Too

A happy workplace isn’t all about money, but it’s no secret that pay goes a long way to make for gratified employees. “Salary competitiveness has been the #1 priority,” reads a comment from an employee at The Mahoney Group, an …

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Beehive: They Come for the Employees, Stay for the Leaders

When asked what they like about the business they work for, employees may mention the leadership or their fellow employees – but it’s not often both. However, it appears the employees at Beehive Insurance Agency in Salt Lake City, Utah, …

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Bayer Ordered to Pay $1.56B in Latest Trial Loss Over Roundup Weedkiller

A Missouri jury ordered Bayer to pay $1.56 billion to four plaintiffs who claimed the company’s Roundup weedkiller caused injuries including cancer, a verdict that could intensify investor pressure on the German drugs and agricultural chemicals company to change its …

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People Moves: Joshu in California Names Burkhart VP of Growth

Joshu, headquartered in Menlo Park, Calif., has named Mark Burkhart as vice president of growth. Before coming to Joshu, Burkhart managed relationships at Decision Research Corporation and was a segment lead within the specialty division at Berkley Technology Services.

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Magnitude 3.6 Earthquake Rattles Parts of Northern Illinois, Parts of 3 Other States

STANDARD, Ill. (AP) __ A magnitude 3.6 earthquake rattled northern Illinois and parts of three other states early Wednesday, awakening some residents and spurring reports to 911 about homes shaking, the U.S. Geological Survey and police said. The small earthquake …

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Arthur J. Gallagher & Co. Acquires Michigan’s Coverys Insurance Services

Arthur J. Gallagher & Co. announced it has acquired certain assets of the retail agency business of East Lansing, Michigan-based Coverys Insurance Services. Terms of the transaction were not disclosed. Coverys Insurance Services is a full-service insurance broker specializing in …

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Manhattan Real Estate Brokerages Sued for Inflating Commissions

A lawsuit filed on Monday accuses the Real Estate Board of New York (REBNY) and more than two dozen brokerages and companies of conspiring to artificially inflate commissions paid to agents who help sell residential real estate in Manhattan. The …

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Low-Intensity Fires Reduce Wildfire Risk by 60%, Study Finds

There is no longer any question of how to prevent high-intensity, often catastrophic, wildfires that have become increasingly frequent across the Western U.S., according to a new study by researchers at Columbia University Mailman School of Public Health and Stanford …

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Markets/Coverages: Strategic Risk Solutions Launches ART Unit in Zurich

Strategic Risk Solutions (SRS), the Concord, Mass.-based independent insurance company manager, announced the launch of its latest alternative risk transfer (ART) venture: a managing general underwriter called “Altitude.” In a strategic move aimed at expanding its client services portfolio, SRS …

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Financial Services Firms Acknowledge ‘Awful’ Culture in UK Sexism Inquiry

Representatives from finance firms across the City of London said more work was needed to tackle gaping gender disparities in the industry, even after companies have made gains in the past five years. Trade groups representing hedge funds, banks and …

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People Moves: Exton Joins Woodruff Sawyer in California as VP

Lee Exton has joined Woodruff Sawyer as vice president, employee benefits. Woodruff Sawyer is based in San Francisco, Calif. Before joining Woodruff Sawyer, Exton spent over 30 years in employee benefits and health care consulting at Marsh McLennan, HUB International, …

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Virginia School System Says Former Student’s Sex Assault Lawsuit Is a Fraud

Allegations that a northern Virginia seventh-grader was repeatedly raped and sexually assaulted at her school more than a decade ago were totally fabricated, lawyers for the school system contend in a court filing seeking the dismissal of a lawsuit she …

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Judge Upholds $24M Award in Discrimination Suit by Employee With Social Anxiety Disorder

A federal district court judge in Massachusetts has upheld a $24 million jury award for a woman who sued her employer for retaliation and discrimination because of her social anxiety disorder. The employer, PPD Development, has criticized the outcome handed …

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File Transfer Data Breach Affected 1.3M People, Maine Reports

The state of Maine has begun notifying people whose personal information was included in a data breach impacting as many as 1.3 million individuals, state officials announced Thursday. The notifications began after the state completed an assessment once they discovered …

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Jury Awards $1.2 Million to De Niro’s Former Assistant in Gender Discrimination Lawsuit

A jury said Robert De Niro’s company should pay more than $1.2 million to his former personal assistant after finding his production company engaged in gender discrimination and retaliation. While the jury found De Niro was not personally liable for …

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Markets/Coverages: Florida Citizens Taps Verisk Aerial Imagery for Underwriting

Verisk, a global data analytics and technology provider, announced that Citizens Property Insurance Corp., the residual, not-for-profit insurer in Florida, will adopt Verisk’s aerial imagery analytics solution. The move is designed to help provide Citizens a more comprehensive view of …

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People Moves: C3 Risk & Insurance Services in California Names Molina EVP

C3 Risk & Insurance Services, headquartered in San Diego, Calif., named Marife Molina executive vice president of strategic revenue. Molina comes to C3 Risk & Insurance Services from Chubb, where she served as senior vice president, regional leader of its …

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Higginbotham Expands Collegiate Athletics Investment With LEARFIELD, Adds 10 Southern Universities to Portfolio

Higginbotham announced the expansion of its multi-year investment in collegiate athletics to include ten universities in the southern region of the United States through its continued sponsorship agreement with LEARFIELD, a media and technology company that partners with college athletic …

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Ohio Votes to Legalize Marijuana For Adult Recreational Use

COLUMBUS, Ohio (AP) – Ohio voters approved a measure legalizing recreational marijuana on Tuesday, defying Republican legislative leaders who had failed to pass the proposed law. Passage of Issue 2 makes Ohio the 24th state to allow adult cannabis use …

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Nevada High Court Postpones NFL Appeal in Gruden Emails Lawsuit Until January

The Nevada Supreme Court has pushed back to Jan. 10 the date for oral arguments in a contract interference and conspiracy lawsuit filed against the NFL by former Las Vegas Raiders coach Jon Gruden. Postponement of the hearing, originally scheduled …

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UK Weighs Criminal Liability for Self-Driving Car Companies

Self-driving car companies could face criminal action in the UK if their vehicles fail to meet safety standards in the most serious cases. New legislation, introduced in today’s speech by King Charles III, who arrived at parliament in a horse-drawn …

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California Insurance Agent Arraigned After Allegedly Leaving Client’s Business Uninsured

Licensed insurance agent Vlada Cruz, 40, of Encino, California, was arraigned on two felony counts of grand theft after a California Department of Insurance investigation found she allegedly stole over $37,000 in insurance premiums, leaving her client’s business uninsured. The …

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New Jersey Man Charged With Arson and Insurance Fraud Tied to Home Fire

A former Camden County, New Jersey man has been indicted on charges including arson and insurance fraud relating to a fire that caused significant damage to a house in Cherry Hill in 2018. Attorney General Matthew J. Platkin reported that …

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Members of California Congressional Delegation Call out Insurance Commissioner’s Proposal to Protect Consumers

Representatives John Garamendi, Zoe Lofgren and other members of California’s congressional delegation sent a letter to California Insurance Commissioner Ricardo Lara urging him to use his power under state law to stabilize the insurance market and protect consumers. The letter …

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Three Passengers Sue Alaska Airlines After Off-Duty Pilot Accused of Trying to Cut Engines

Three passengers sued Alaska Airlines, saying they suffered emotional distress from an incident last month in which an off-duty pilot is accused of trying to shut down the engines of a plane while catching a ride in the cockpit from …

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Son Eric Testifies in Trump Civil Fraud Trial He Relied on Accountants

With Donald Trump due on the witness stand this week, testimony from his adult sons in his civil business fraud trial wrapped up Friday with Eric Trump saying he relied completely on accountants and lawyers to assure the accuracy of …

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Judge Rules Virginia Teacher Shot by Student Can Proceed with $40 Million Lawsuit

A teacher who was shot by her 6-year-old student in Virginia can press forward with her $40 million lawsuit against a school system over claims of negligence by school administrators, a judge ruled Friday. The surprise decision by Newport News …

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Berkshire Hathaway Reports $12.8B Loss as Investments Fall; Insurance Performed Well

Warren Buffett`s company has reported a nearly $13 billion loss in the third quarter as the paper value of its investments fell, but the companies it owns – particularly the insurers – generally performed well. Berkshire Hathaway said Saturday that …

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Neglect Has Hastened Patient Deaths at Montana Psychiatric Hospital, Lawsuit Says

Montana’s state psychiatric hospital has been so poorly run for decades that patients are unsafe and not treated with dignity and respect, which combined with a pattern of understaffing, lack of training and neglect has hastened the deaths of two …

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Southern California Wildfire That Prompted Evacuation Order Now 20% Contained

A wildfire fueled by Santa Ana winds that in southeast of Los Angeles, forcing about 4,000 people from their homes, has grown to 2,4897 acres and is now 20% contained. The Highland Fire started Monday afternoon in unincorporated Riverside County. …

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Allstate Shows ‘Progress,’ Narrows Q3 Net Income Loss to $41M

Allstate Corp. said its net loss for the third quarter was $41 million compared to a loss of $685 million during the same time a year ago. The Northbrook, Illinois-based insurer recorded an improvement in its third quarter combined ratio …

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Ravaged Fort Myers Becomes Magnet for Risk-Taking Property Buyers

A year after Hurricane Ian ripped through southwest Florida, wealthy risk-takers are transforming one beach town. In Fort Myers Beach, many of the middle-class cottages that once dotted the Estero Island town were wiped off the map. Ian killed 21 …

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Averted Disaster on Flight that Landed in Oregon Renews Scrutiny of Mental Health in Cockpit

What authorities describe as an off-duty pilot`s attempt to shut down the engines of a Horizon Air flight with more than 80 people on board has renewed attention on the mental fitness of those allowed in the cockpit. Joseph Emerson, …

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New York State Distributes $190M in Opioid Settlement Funds

Governor Kathy Hochul announced that New York has made available approximately $192.8 million provided in the first year of the opioid settlement agreements to support a variety of prevention, treatment, harm reduction, and recovery initiatives to help New Yorkers affected …

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Actor Robert De Niro Tells Jury That Ex-Assistant’s Lawsuit Is ‘Nonsense’

Robert De Niro testified Monday in New York City at a trial resulting from a former personal assistant’s lawsuit accusing the actor of being an abusive boss. De Niro, who at times appeared grouchy, restrained himself from erupting at the …

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7 Firms Settle With EPA Over Alleged Underground Storage Tank Violations

The Environmental Protection Agency (EPA) has taken action against several companies including gas station operators in New Jersey, New York and the U.S. Virgin Islands to address alleged violations of federal laws regarding the maintenance and operation of underground petroleum …

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Risk Strategies Acquires Philadelphia Area’s Fairmount Benefits

Boston-based national specialty insurance broker Risk Strategies announced it has acquired Fairmount Benefits Co., a Philadelphia-based specialty firm focused on employee benefit programs and technology for corporate employers. Fairmount Benefits has established specializations in funding mechanisms, pharmacy cost management, benefit …

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Member of Crew Tied to 490 Catalytic Converter Thefts Pleads Guilty

A Springfield, Massachusetts man pleaded guilty in federal court in Boston last week to his role in a regional organized theft crew that stole catalytic converters from over 490 vehicles. According to Acting U.S. Attorney Joshua S. Levy, Santo Feliberty …

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EPA Urges Ban on Chemical Cited in ‘Civil Action’ Movie About Massachusetts City

The U.S. Environmental Protection Agency last week proposed banning the cancer-causing chemical trichloroethylene, which can be found in consumer products including automobile brake cleaners, furniture care and arts and crafts spray coating. The move would end a nearly four decade …

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Sentry in Wisconsin Contributes Another $350K to Support Maui Wildfire Recovery

Sentry Insurance in Wisconsin announced additional donations of $350,000 to bolster the ongoing Maui wildfire recovery efforts. The contribution brings the company’s total giving to Maui non-profits for direct wildfire relief to $1 million. As the venue for the PGA …

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People Moves: Allen Joins MEMIC Leadership Team; Bogdanovich Joins Alliant in Maine

MEMIC Names Allen Senior Vice President and Chief Human Resources Officer Michelle Allen joined MEMIC‘s senior leadership team as senior vice president and chief human resources officer. MEMIC is headquartered in Portland, Maine. Allen has worked in human resources since …

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Ukraine Sees Russian Cyberattacks Growing More Sophisticated

A senior Ukrainian official said Russian cyberattacks are growing more sophisticated and have become daily occurrences aimed at disrupting vital infrastructure during wartime. Deputy Foreign Minister Anton Demokhin, who’s also the ministry’s chief digital transformation officer, said hackers continue to …

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Oregon Prosecutors Charge Off-Duty Pilot Accused of Trying to Cut Engines on Midflight Jet with Attempted Murder

Oregon prosecutors have charged an off-duty pilot accused of trying to cut the engines on a Horizon Air jet in mid-air with 83 counts of attempted murder. The Multnomah County District Attorney’s Office in Portland filed the charges just before …

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Forest Service Sued Over Flooding Deaths in Wake of New Mexico’s Largest Recorded Wildfire

Relatives of three people who died last year in a flash flood stemming from the largest wildfire in New Mexico’s recorded history are suing the U.S. Forest Service. The wrongful death lawsuit filed earlier this month alleges the Forest Service …

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Risk Strategies Acquires North Bay Business Unit of InterWest Insurance Services

Risk Strategies acquired North Bay, a business unit from InterWest Insurance Services LLC, adding specialty expertise to its Wineries Practice. Along with offices in Petaluma, California and Santa Rosa, California, the North Bay business unit purchase from InterWest includes its …

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Asbestos Wrongful Death Claim Allowed Against Employer as Workers’ Comp Exception

A Connecticut appeals court has revived a wrongful death claim that tests a narrow exception to the state law that makes workers’ compensation the exclusive remedy for most workplace deaths and injuries. Harold Dusto’s estate blames his death on mesothelioma …

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Q3 Net Income Up 45.7% at W.R. Berkley

Third quarter net income at W.R. Berkley Corp. increased nearly 46% compared to the same period last year to about $334 million. The Greenwich, Connecticut-based insurer’s consolidated combined ratio for the quarter improved to 90.2 from 92.1 a year ago …

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Florida Special Session Called to Punish Iran…and Help Floridians with Wind Mitigation

Florida lawmakers have agreed to convene in another special session – the sixth in three years – this time to sanction the country of Iran but with a little indirect Florida property insurance relief also on the agenda. The call …

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People Moves: Canales Joins Alliant in California as Executive Vice President

Scott Canales has joined Alliant Insurance Services as executive vice president, Alliant Specialty. Based in Los Angeles, Calif., Canales has spent 38 years in the construction industry, with 31 years as a construction insurance broker. He was most recently in …

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Baltimore Firefighter Killed, Four Others Injured Battling Rowhouse Fire

A rapidly intensifying blaze that engulfed multiple rowhouses in northwest Baltimore late Thursday afternoon left one firefighter dead and four others injured, city officials said. The injured firefighters sustained varying degrees of burns and are receiving medical treatment, officials said …

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4 Cows Killed in Truck Rollover Crash in Connecticut; Another 6 Euthanized

A tractor-trailer carrying 44 dairy cows crashed on a Connecticut highway exit ramp early Thursday, killing eight of the animals immediately while another six had to be euthanized because of their injuries, state police and agriculture officials said. Police and …

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Washington Commissioner Fines UnitedHealthcare $500K

Washington Insurance Commissioner Mike Kreidler imposed a $500,000 fine against UnitedHealthcare Insurance Company for reportedly failing to demonstrate how it administers its mental health and substance use disorder benefits in accordance with state and federal laws. Half of the fine …

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Maryland Medical Waste Incinerator Fined $1.75M for Exposing Public to Biohazards

A medical waste processing company has pleaded guilty to dozens of environment-related charges and agreed to pay $1.75 million in fines after state prosecutors in Maryland accused a south Baltimore incineration plant owned by the firm of exposing the public …

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Viewpoint: California’s Personal Auto Market: Steering Through Change

The withdrawal of major homeowners insurance companies in the California market made national headlines, but news just as concerning and impactful is California’s private passenger auto insurance market. Much like the homeowners market, the PPA market has seen significant changes …

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AM Best Withdraws Credit Ratings of Civil Service Employees Insurance Co. and CSE Safeguard Insurance Co. in California

AM Best has downgraded the Financial Strength Rating to B (Fair) from B+ (Good) and the Long-Term Issuer Credit Ratings to “bb” (Fair) from “bbb-” (Good) of Civil Service Employees Insurance Company and CSE Safeguard Insurance Company, which together comprise …

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PG&E’s Plan to Bury Power Lines and Prevent California Wildfires Faces Opposition over Rates

Pacific Gas & Electric – one of the nation’s largest utilities whose equipment has sparked some of California`s deadliest wildfires – wants to bury power lines in some of its most at-risk areas to prevent destructive blazes like the 2018 …

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Takeaways from Our Conversation with a Specialist Who Focuses on Baby (New) Cannabis Companies

In sales, you always hear about the big fish. For one, catering to new companies, or what some would call business babies or startups, takes a lot of work for less return. However, Danielle Hernandez has built her business on …

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Baltimore Archdiocese Suspends Monk Who Paid to Settle Sex Harassment Complaint

A Benedictine monk has been suspended from ministry after the Catholic Archdiocese of Baltimore recently became aware of a payment he made several years ago to settle sexual harassment allegations. Last week, Father Paschal Morlino was dismissed from his position …

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Asleep at Wheel: When a Medical Emergency Does Not Negate a Driver’s Negligence

A driver who suffers a sudden medical emergency and crashes into another vehicle may be held liable for the accident even if never diagnosed with the condition or never advised not to drive. If the driver knew or should have …

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Los Angeles Hit With Verdict Topping $13M in Death of Man

A federal court jury returned a $13.5 million verdict against the city of Los Angeles in a lawsuit over the death of a man after two police officers used their bodyweight on his back to restrain him, the plaintiff`s attorneys …

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US Plans to Push Other Countries Not to Pay Hacker Ransoms

The US is pushing a group of governments to publicly commit to not make ransom payments to hackers ahead of an annual meeting of more than 45 nations in Washington later this month. Anne Neuberger, deputy national security adviser, told …

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Slide Assumes 86,000 Farmers Policies in Florida, Offers Appointments to Agents

Tampa-based Slide Insurance, which has made a practice of assuming Florida policies from other insurers in the last two years, said it has acquired renewal rights to 86,000 homeowner policies from Farmers Insurance. Farmers said in June that it would …

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Sailing Vessel That Suffered Broken Mast, Killing Passenger, Had Previous Incidents

A historic sailing vessel on which a passenger was fatally injured by a broken mast was involved in three previous accidents in 2022 and 2019 when the schooner was under different ownership, according to Coast Guard records. The Grace Bailey, …

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70-Year-Old Man Settles With Catholic Diocese Over Sex Abuse Suffered at Age 8

A 70-year-old man who recently reached a settlement with a Roman Catholic diocese in Massachusetts over sexual abuse he suffered at age 8 said Wednesday he is speaking out because “my voice was taken away from me for all those …

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Mississippi Sheriff Claims Immunity to Federal Lawsuit Over Torture of Black Men

The Mississippi sheriff who leads the department where former deputies pleaded guilty to a long list of state and federal charges for the torture of two Black men has asked a federal court to dismiss a civil lawsuit against him. …

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Media Entrepreneur Wants to Unite Young Activists with Power Brokers to Make Social Media Safe

A media entrepreneur is trying to connect young people disturbed by the impact of social media on mental health with older power players to fight for change in how tech companies do business. The newly-formed Sustainable Media Center is intent …

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People Moves: Barnes Joins Alliant in California as EVP, Managing Director

Alliant Insurance Services, headquartered in Irvine, Calif., named Greg Barnes executive vice president, managing director, Alliant Specialty. Barnes is based in Los Angeles, Calif. He most recently served as president at Lockton Companies and previously served as a capital markets …

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Viewpoint: Reinsurance Solution Would Help Homeowners Exposed to Wildfires Face the Challenge

Wildfire has become an increasingly challenging threat in many Western States. With an ever-increasing frequency and intensity, this continues to pose a serious threat to lives and properties across the exposed area. Wildfires are occurring earlier in the season and …

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Virginia Family Sues School System for $30M Over Student’s Sexual Assault

A teenager and her parents have filed a $30 million lawsuit against a northern Virginia school system, saying the district failed to adequately investigate and tried to cover up her sexual assault by a male student in a high school …

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Businesses in Vermont`s Flood-Damaged Capital Rebuilding Slowly

Nearly three months after severe flooding inundated Vermont’s capital city, Montpelier businesses launched an event Friday to celebrate how much they`ve rebuilt — and remind the public not to forget them as they struggle to make a complete comeback. The …

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Internet Companies Report Biggest-Ever Denial of Service Operation

Internet companies Google, Amazon and Cloudflare say they have weathered the internet’s largest-known denial of service attack and are sounding the alarm over a new technique they warn could easily cause widespread disruption. Alphabet Inc-owned Google said in a blog …

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AIG Makes Leadership Promotions for ‘Next Phase of Profitable Growth’

American International Group (AIG) on Oct. 11 announced three significant appointments within its executive leadership team. David McElroy, currently chief executive officer of General Insurance, will assume a newly created role of chairman, General Insurance. AIG said McElroy will focus …

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California Business Owner and Office Manager Charged for Workers’ Comp Fraud

Bobby Levell Gilbert, Jr., 66 of Santa Ana, California, and owner of B & J Tree Service, has been charged with 96 felony counts for alleged wage theft, denial of workers’ compensation benefits to employees, workers’ compensation fraud, failure to …

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Court OKs Mallinckrodt Restructuring, $1 Billion Cut to Opioid Settlement

Drugmaker Mallinckrodt on Oct. 10 won court approval for a bankruptcy plan that cuts $1 billion from what it must pay opioid crisis victims, cancels existing equity shares, and trims nearly $2 billion in other debt. The Ireland-based company reached …

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Wisconsin Milling Company Agrees to $11.2M Settlement After Fatal Corn Dust Explosion

MADISON, Wis. (AP) – A milling company has agreed to plead guilty to federal charges that employees at a Wisconsin corn plant falsified records in the years leading up to a fatal corn dust explosion. The plea deal calls for …

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Oklahoma McDonald’s Sued for Sexual Harassment

A McDonald’s restaurant in Checotah, Oklahoma, operated by franchisee Arch Fellow North LLC, violated federal law when a manager sexually harassed a 17 year-old worker, and she was forced to resign, the U.S. Equal Employment Opportunity Commission (EEOC) charged in …

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ALKEME Acquires Cartier Insurance Service Group in Texas

ALKEME acquired Cartier Insurance Group in Houston, Texas and serving Texas, California and Arizona. Cartier Insurance Company is focused on insurance for the trucking and transportation industry and has diversified its offerings to include a range of commercial insurance for …

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Arthur J. Gallagher Acquires The Coverage Pro in Arizona

Arthur J. Gallagher & Co. acquired Scottsdale, Arizona-based The Coverage Pro. As part of the transaction Gallagher will also acquire The Coverage Pro’s affiliated company General Southwest Insurance Agency, based in Phoenix. Jeff LaScala, Caily LaScala and their team will …

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Oklahoma Construction Contractor to Pay $370K Over Worker’s Fatal Fall

An Oklahoma construction contractor entered into a deferred prosecution agreement and agreed to pay $370,680 in criminal and civil penalties to avoid federal prosecution on one count of ignoring federal safety regulations that resulted in a worker fatality in St. …

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Erie Insurance Takes Its Case Against Maryland Regulator to Appeals Court

Erie Insurance Co. is taking its tiff with the Maryland insurance commissioner over the handling of discriminatory practices findings to federal appeals court. The insurer maintains that the Maryland Insurance Administration has not afforded it adequate opportunity to respond to …

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Climate Change Can Cause U.S. Households ‘Significant Financial Strain’

Households can experience significant financial strain through pressures to income and expenses due to climate hazards, a report from the U.S. Department of Treasury shows. The report, The Impact of Climate Change on American Household Finances, adds to the department’s …

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New York City Subway Flood-Protection Projects Behind Schedule, Audit Says

Some projects designed to make New York City’s transit system more resilient in severe weather are behind schedule or over budget, according to an audit released on the same day that flash floods forced the closing of several subway lines. …

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As Criminal Trial Opens, FTX’s Bankman-Fried Battles Excess Insurer Over D&O Coverage

Just two days before his criminal trial started this week in federal court in New York, FTX Trading founder Sam Bankman-Fried filed suit in federal court in California against his excess insurance company seeking payment of legal costs. The suit …

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California Workers’ Comp Written Premium in 2022 Was Near Pre-Pandemic Level

Written premium in 2022 was 14% higher than 2021 and almost at the pre-pandemic level – an increase was driven by higher employee wage levels and the economic Recovery, according to a new report out on Wednesday from the Workers’ …

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5 Died of Exposure to Chemical in Central Illinois Crash, Preliminary Autopsies Find

Five people died from exposure to a chemical that spilled after a semitruck overturned in central Illinois, according to autopsies. Effingham County Coroner Kim Rhodes said official results from the autopsies won`t be available for several weeks. The victims of …

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Army Officer Pepper-Sprayed During Traffic Stop Seeks New Trial Against Police

A U.S. Army lieutenant who was struck, pepper-sprayed and handcuffed during a traffic stop in Virginia asked a federal appeals court on Monday to overturn rulings by a trial judge after jurors found mostly in favor of the two police …

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AstraZeneca to Pay $425 Million to End US Lawsuits Over Heartburn Drugs

Britain’s AstraZeneca has agreed to pay $425 million to settle about 11,000 lawsuits in the United States that claimed its heartburn drugs Nexium and Prilosec caused chronic kidney disease. AstraZeneca did not admit wrongdoing under the settlement, part of broader …

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Eli Lilly Settles New Jersey Whistleblower Allegations Over Manufacturing Practices

Eli Lilly and Co. and a former employee agreed to settle a lawsuit in which the worker claimed she was terminated after pointing out poor manufacturing practices and data falsification involving one of its blockbuster diabetes drugs, according to court …

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California Judge Rules Tesla Owners Must Arbitrate False Ad Claims Over Autopilot Feature- Ruling

A California federal judge has ruled that a group of people who own cars made by Tesla Inc TSLA.O must pursue claims that the company misled the public about its autopilot features in individual arbitration rather than court. The ruling …

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Homeowners Unprepared for Non-Weather-Related Water Damage: Report

Homeowners lack preparedness for non-weather-related water damage, even though water damage ranks as the second most prevalent cause of insurance loss claims, according to The Hanover Insurance Group in a new report. Despite being a leading cause of homeowners’ claims, …

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Chipotle Sued After Manager Allegedly Ripped off an Employee`s Hijab at Kansas Location

A federal agency has sued the restaurant chain Chipotle, accusing it of religious harassment and retaliation after a manager at a Kansas location forcibly removed an employee`s hijab, a headscarf worn by some Muslim women. In a lawsuit filed Wednesday, …

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Truck Crash in Illinois Kills Five and Forces an Evacuation

SPRINGFIELD, Ill. (AP) – Five people were killed and five were seriously injured after a truck overturned in central Illinois, causing a toxic substance to leak from its cargo and forcing the evacuation of hundreds of area residents, authorities said …

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Washington Asks Insurers to Expedite Approval Process for Debris Removal After Wildfires

Washington Insurance Commissioner Mike Kreidler sent a letter asking insurance companies and adjusters working with communities impacted by the Gray and Oregon Road fires to expedite the approval process for debris removal. Speeding up the process will help assure people …

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Plaintiffs’ Attorney Cites ‘Experimental Vehicles’ in Tesla Trial Over Autopilot Fatality

The lawyer representing victims of a fatal crash of a Tesla Model 3 car in his opening statement in court on Thursday blamed the company’s Autopilot driver assistant system, saying that “a car company should never sell consumers experimental vehicles.” …

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PE Company Bain Capital Weighs Deal for Advent’s CCC Insurance Software

Bain Capital is weighing a deal for CCC Intelligent Solutions Holdings Inc., the car-insurance software provider controlled by Advent International, according to people familiar with the matter. Bain is among suitors that have expressed interest in acquiring the Chicago-based company, …

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Cyber Security and Insurance Platform Paladin in California Rebrands to Upfort

Paladin Cyber has changed its corporate name to Upfort. Upfort also announced two senior hires, Jeremy Wieber and Matthew Leanza, to advance its strategic initiatives and spearhead the company’s partnership-centric approach toward helping companies develop cyber resilience. Upfort will continue …

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Plane Went Into Stall Maneuver Before Philadelphia-Area Crash That Killed 2

Federal authorities say a plane that crashed in a residential street near a suburban Philadelphia middle school last year, killing two people, went into a stall and went out of control as the pilot was practicing maneuvers during an instructional …

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Insurance Broker in Menendez Corruption Case Allegedly Got Senator’s Help With Fraud Case

The defendants in the corruption case involving U.S. Senator Robert Menendez include a former New Jersey insurance broker who was convicted of premium fraud in 2011 and lost his insurance license. Jose Uribe allegedly got involved with Menendez in his …

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Driver Pleads Not Guilty in Vermont Crash That Killed Actor Treat Williams

A Vermont driver pleaded not guilty to a charge in the June crash that killed actor Treat Williams. Ryan Koss, 35, could be sentenced to up to 15 years in prison if he`s convicted of gross negligent operation with death …

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California’s Minimum Wage to Increase to $16 Per Hour in 2024

California’s minimum wage will increase to $16 per hour for all employers on Jan. 1, 2024. In 2023, the minimum wage was $15.50 for all employees regardless of employer size. Some cities and counties in California have a local minimum …

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Thomson Reuters AI Copyright Dispute Must Go to Trial, Judge Says

A jury must decide the outcome of a lawsuit by information services company Thomson Reuters accusing Ross Intelligence of unlawfully copying content from its legal-research platform Westlaw to train a competing artificial intelligence-based platform, a Delaware federal judge said on …

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Arthur J. Gallagher Acquires Hartley Cylke Pacific Insurance Services in California

Arthur J. Gallagher & Co. today acquired San Hartley Cylke Pacific Insurance Services Inc. in San Diego, California. Michael Hartley, John Cylke, James Hawes and their team will remain in their current location under the direction of Scott Firestone, head …

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Connecticut Eyes 9.8% Cut in Workers’ Compensation Costs

Connecticut workers’ compensation insurers are recommending an overall 9.8% reduction in loss costs in the voluntary market and a 10.5% overall reduction in the assigned risk market. The rate filing submitted to the Connecticut Insurance Department by the insurers’ National …

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Shimano Crankset Recall After Several Crashes and Injuries

NEW YORK (AP) — Cycling company Shimano is recalling some 760,000 bike cranksets in the U.S. and Canada due to a crash hazard that has resulted in several reported injuries. According to a Thursday notice from the U.S. Consumer Product …

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World Insurance Associates Acquires Cindy Elbert Insurance Services in Arizona

World Insurance Associates LLC acquired Cindy Elbert Insurance Services Inc. of Peoria, Arizona. Cindy Elbert Insurance Services was founded in 1982 to offer professional services designed to assist ambulance providers with their insurance needs. World Insurance Associates is headquartered in …

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Another Home Explosion in New Jersey Sends Five to Hospitals

WEST MILFORD, N.J. (AP) — Five people were transported to hospitals after an explosion at a New Jersey home on Friday night, police said. The house in West Milford was heavily damaged by the explosion around 9 p.m., the West …

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Spyware Hacking of Egyptian Oppo Leader Prompts Updates from Apple

BOSTON (AP) — A leading Egyptian opposition politician was targeted with spyware after announcing a presidential bid, security researchers reported Friday. They said Egyptian authorities were likely behind the attempted hack. Discovery of the attempt last week by researchers at …

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Ophelia Brings Flooding to Coastal North Carolina, Virginia

ANNAPOLIS, Md. (AP) — Residents in parts of coastal North Carolina and Virginia experienced flooding Saturday after Tropical Storm Ophelia made landfall near a North Carolina barrier island, bringing rain, damaging winds and dangerous surges. The storm came ashore near …

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People Moves: Hilb Group Names Lamb, Cohen to Tri-State Roles

Insurance broker The Hilb Group has named two new company leaders for the New York region. Gabrielle Lamb will be speciality platform leader, overseeing growth in property-casualty offerings for real estate, transportation, medical professional liability and other industries, the Virginia-based …

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‘Hard But More Manageable’ Jan. 1 Renewals; Little Relief on Retentions

The hard reinsurance market in property-catastrophe reinsurance isn’t coming to an end at Jan. 1, 2024, but reinsurers are likely to deploy more of their capacity next year, broker executives said recently. Dorothée Mélis-Moutafis, North American brokering executive at Guy …

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RHB Bank Weighs Bancassurance Options as Tokio Marine Pact Ends Soon: Sources

Malaysia’s RHB Bank Bhd. is asking financial advisers for proposals for its partnership to sell insurance in its branches, as its deal with an arm of Japan’s Tokio Marine Holdings Inc. is set to expire at the end of next …

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Extreme Weather Forcing JFK, Other Airports to Redesign Runways, Systems

(Bloomberg) — Airports around the world are relocating sensitive electrical equipment to rooftops to protect it from flooding, reinforcing runways to handle extreme temperature swings and revving up air conditioning as climate change complicates operations. In New York, the $19 …

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People Moves: CSAA in California Names Pugh EVP and CIO; Kerfoot Joins Alliantin Hawaii

CSAA Insurance Group Promotes Pugh to EVP and CIO CSAA Insurance Group, headquartered in Walnut Creek, Calif., promoted Todd Pugh to executive vice president and chief information officer, overseeing all aspects of the company’s information technology division. He has served …

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Carshare Restart: Hochul Signs Bill Allowing Out-of-State RRGs to Cover Nonprofits

New York Gov. Kathy Hochul has signed legislation that should make it easier for nonprofit groups to find auto insurance coverage through risk retention groups. Assembly Bill 5718 and its companion Senate bill allows out-of-state risk retention groups, starting in …

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Turbulence as P&W Engine Flaw Forces Airlines to Lease More Craft and Crews

(Bloomberg) — Airlines are scrambling to find replacements for hundreds of single-aisle jetliners that will be sidelined by a recently discovered engine issue, providing a boon to companies that lease out aircraft and crews. About 3,000 Pratt & Whitney geared …

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New York Contractor Sentenced for Defrauding State Workers’ Comp Fund

A drywall contractor has been sentenced to six months in jail for defrauding the New York State workers’ compensation insurance fund out of almost $3 million in premiums over an eight-year period. The Manhattan District Attorney announced the sentence this …

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Britain Must Not Damage Financial Services Sector Resilience: BoE’s Woods

Easing rules to boost the post-Brexit global competitiveness of Britain’s financial sector can only be done while maintaining a resilient financial system, Bank of England Deputy Governor Sam Woods said on Tuesday. The Bank of England was given a new …

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Viewpoint: IT Asset Disposition Is Growing Cyber Security Threat for All Organizations

Cyber risk headlines are dominated by rising ransomware activity and soaring global data breach costs. The increased ransomware activity, driven largely by threat actor financial motives, has indiscriminately affected all industry segments – from large corporate clients to small to …

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Independence Pet Group to Acquire Cat Insurance Brand Felix in Arizona

Independence Pet Group completed of its acquisition of Felix Cat Insurance, a pet insurance brand for cats. The deal is subject to customary closing conditions, including various regulatory approvals, and is expected to close in the second half of 2023. …

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Thieves Swarm Luxury Malls in Southern California and Other Areas, Driving Retail Crime to $100B

It took just minutes for more than 20 thieves, clad in hoods and masks, to swarm the Nordstrom store in the Westfield Topanga shopping center and make off with $300,000 of handbags and other luxury items. A security guard was …

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Regulators Move to Stop Greenwashing Before It Gets Worse

In 2021, a series of HSBC advertisements started appearing on bus stops around the UK. Part of a campaign centered on the slogan “Climate change doesn’t do borders,” the posters paired images of trees and ocean waves with statements about …

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Private Equity Firm CVC Invests in Dale Underwriting to Boost Growth at Lloyd’s

Dale Underwriting Partners, the trading name for Dale Managing Agency’s Lloyd’s Syndicate 1729, has agreed a strategic partnership with CVC, a leading global private markets manager with €161 billion of assets under management. CVC funds will invest in Dale to …

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PE Firm Advent Eyes Sale of Car Insurance Software Vendor CCC: Sources

Private equity firm Advent International is exploring a sale of CCC Intelligent Solutions Holdings Inc., a provider of software to the car insurance industry that has a market value of $7.1 billion, people familiar with the matter said on Friday. …

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Hippo Investors Call for Strategic Review by Board, Other Actions

Members of the board of directors of insurtech Hippo were on the receiving end of an open letter from a “concerned shareholder group,” yesterday, urging board actions to preserve the value of a company that has faced financial difficulties recently. …

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South Carolina Bars, Eateries Closing Down for Lack of Affordable Liability Coverage

Wanted in South Carolina: $1 million in liquor liability coverage at an affordable premium to prevent closure of establishment. That’s the type of advertisement one can imagine bars and bistros across the Palmetto State running this fall, as the full …

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People Moves: Nordholm joins Mercury as Head of Technical Product

Mercury Insurance, headquartered in Brea, Calif., named Cameron Nordholm as its head of technical product. Before joining Mercury Insurance, Nordholm was head of product and head of strategy at AgentSync and served as a product consultant at Diegetic Media, LLC.

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Delaware: Professional Services Exclusion Didn’t Bar False Claims Act Settlement

A mortgage lender accused of violating the False Claims Act by approving government-backed loans that did not meet federal guidelines can seek to recover the $15 million it paid to resolve the allegations from its management liability insurer, the Delaware …

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Gas Leak Forced Evacuation of Southern California Homes

A Southern California neighborhood was evacuated for more than six hours early Thursday due to a large leak of natural gas from an underground pipe, authorities said. The leak was detected around 1:30 a.m. in unincorporated West Whittier, about 10 …

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Shell Says Australian Unit BG Group Hit by MOVEit Cybersecurity Breach

Shell Plc said on Friday that it has identified a cybersecurity incident involving some employees who worked with the company’s unit BG Group in Australia before the merger, becoming the latest victim of the MOVEit hack. A number of businesses …

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Insurance Navy Auto Insurance Expanding into Las Vegas

Insurance Navy Auto Insurance is expanding into Las Vegas, Nevada with its car insurance offerings. Insurance Navy Brokers opened its first location in Las Vegas, at 3266 Las Vegas Blvd N STE 12. The new branch in Las Vegas, will …

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Insurance Commissioner Orders Protections for 15,000 Californians Following Fires

California Insurance Commissioner Ricardo Lara on Thursday ordered insurers to preserve residential insurance coverage for more than 15,000 policyholders affected by fires in Del Norte County and Siskiyou County after Gov. Gavin Newsom issued emergency declarations last month. The commissioner’s …

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Bank of England Tells UK to Hold Insurers to Account on Infrastructure Spending

The government should check that insurers are spending up to 100 billion pounds ($125 billion) on Britain’s economy after their capital rules were eased, Bank of England Deputy Governor Sam Woods said on Wednesday. Britain is rolling back capital rules …

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Walmart Sued by EEOC Over Test That Screened Out Disabled Workers

The U.S. agency that enforces workplace discrimination laws said on Wednesday that it had sued Walmart Inc over allegations it fired hourly workers with disabilities who could not pass a computer-based test. The Equal Employment Opportunity Commission (EEOC) said that …

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APCIA: Commonsense Reforms Needed for ‘Dark Money’ Third-Party Litigation Lending

In support of recent efforts at the state and federal levels of government to curtail third-party litigation funding, the American Property Casualty Insurance Association has asked the House Committee on Oversight and Accountability to consider disclosures. “As insurance protecting civil …

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New Florida Immigration Law Could Worsen Property Insurance Costs

If Florida insureds and insurers haven’t been pummeled enough by rising costs in recent years, they could soon see another factor that could hit them in the pocketbook. Florida’s tough new immigration law that took effect July 1, requiring more …

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People Moves: IOA Names New Western Division Team Members

Insurance Office of America (IOA) named three new members to its western division team based in Encino, Calif. Ricky Choi is a senior advisor and leader of IOA’s newly launched Korean practice. Choi has more than two decades of expertise …

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Art Dealer to Rich and Famous Faces Millions in Fraud Claims

A high-profile New York art adviser with outposts in Tribeca and London is accused of withholding millions of dollars worth of artwork and cash from her clients, leaving collectors and galleries to line up in a court case to recover …

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Judge Dismisses Former Wilmington Police Officer’s Racial Discrimination Suit

A federal judge has dismissed a lawsuit filed by a former Wilmington police official who accused the police department of engaging in racial discrimination and improperly collecting and using data from seized cellphones, including her own. Judge Mark Kearney ruled …

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Driver Killed as Loose Wheel Crashes into Vehicle on Interstate 70 in Indianapolis

INDIANAPOLIS (AP) – A wheel came off a pickup truck on an Indianapolis freeway, bounced over a median and crashed into the windshield of another vehicle, killing its driver Monday, police said. The woman driving the second vehicle was pronounced …

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HEMIC in Hawaii Declares $4M Dividend for Policyholders

The board of Hawaii Employers’ Mutual Insurance Company Inc. declared a $4 million dividend to qualifying policyholders. This marks 17 straight years of policyholder dividends, meaning HEMIC will have returned more $48 million to policyholders in dividends and pandemic premium …

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California Fast Food Workers Getting $20 Minimum Wage Under Labor and Industry Deal

Most fast food workers in California would get a $20 minimum wage next year, a nearly $5 per hour raise, under a deal announced this week between labor unions and the industry that will avoid a costly referendum on the …

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Mother Sues Peloton for Death of Son Killed When Bike Fell on Him During Workout

A woman has filed a lawsuit against Peloton over the death of her son, who was killed when his exercise bike fell on his neck during a workout in his New York City apartment. Ryan Furtado, 32, was doing a …

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California School District Paying $2.25M to Settle Suit Involving Teacher Who Had Student’s Baby

A Southern California school district will pay $2.25 million to settle the latest lawsuit involving a teacher who became pregnant by one of at least two students she was accused of sexually abusing. The settlement brings to $8.25 million the …

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World’s Largest Ports May Be Unusable by 2050 Without More Climate Action: Report

Some of the world’s largest ports may be unusable by 2050 as rising sea levels hit operations, and efforts to speed up decarbonization of the maritime sector and bring in new technology are vital, a study showed on Friday. Weather-related …

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Non-Life Insurers’ Profits to See Boost From Higher Rates

Non-life insurers are set to significantly improve their profitability in the next few years as investment returns from higher rates cushion a hit from a rise in claims, a report by Swiss Re Institute showed on Saturday. Insurers invest a …

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Lee’s Rapid Growth Rewriting Hurricane Rule Book

Hurricane Lee is rewriting old rules of meteorology, leaving experts astonished at how rapidly it grew into a goliath Category 5 hurricane. Lee – which just as quickly dropped to a still-dangerous Category 3 and held that strength Saturday – …

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MGAs and Fronting Companies: Exploring the New ‘Asset-Light’ Frontier

Premiums underwritten by U.S. managing general agencies not affiliated with insurance companies reached $33 billion in 2022, and fronting companies wrote another $13 billion in the same year, a new report says. Reinsurance broker Howden Tiger and the insurance research …

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Connecticut Farm Worker Paralyzed After Being Attacked by Bull

A 59-year-old Connecticut man was seriously injured after being attacked by a bull at the farm where he was working. Family members told Hearst Connecticut Media that the bull attacked Randy Janquins on Friday at a farm in Harwinton, Connecticut, …

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City of London Calls for ‘Big Moves’ to Boost Post-Brexit Finance

The City of London called in a report on Thursday for a new council which would allow Britain’s financial sector to drive through “big moves” needed to boost the economy by 225 billion pounds ($281 billion) by 2030 and beyond. …

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Nevada Division of Insurance Recovers $6.1M in 2023

The Nevada Division of Insurance announced it recovered over $6.1 million in Fiscal Year 2023. The Division’s Consumer Services and Enforcement teams investigate thousands of consumer complaints each year, as well as help settle claim disputes and recover money insurers …

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Roman Bust Seized from Massachusetts Museum in Ongoing Investigation

A bronze bust believed to depict the daughter of an ancient Roman emperor has been seized from an art museum in Massachusetts by New York authorities investigating antiquities stolen from Turkey. The seizure is the latest in an ongoing investigation …

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SAIF in Oregon Declares $135M Dividend for Policyholders

The SAIF board of directors declared a $135 million dividend for its policyholders, marking the 14th straight year SAIF has been able to offer a dividend. SAIF is a not-for-profit with a goal of making workers’ compensation coverage more available, …

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Loss Trends for Severe Convective Storms

Loss trends for severe convective storms (SCS) have increased over the past 15 years and even more during the past five years, according to Dan Dick, global head of Catastrophe Management at Aon. “What’s interesting about these trends is when …

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The Care and Feeding of Property-Catastrophe Models

Executive summary: The key to getting useful model results is working with models that fit specific underwriting needs and making sure the models are regularly updated while employing qualitative analysis (in addition to the models’ quantitative analysis), say experts from …

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People Moves: Nutter to Retire as RAA President; Covington Appointed to Take the Helm

The Reinsurance Association of America (RAA) on Wednesday said its long-time president, Frank Nutter, will retire at the end of the year and Lee Covington is president-elect. Nutter has been president of the trade association for property/casualty reinsurers for 32 …

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UK Parliament Calls in Surveyors to Test for Dangerous Concrete

Tests are being carried out to determine whether the UK Houses of Parliament contain the form of crumbling concrete that caused ministers last week to tell more than 100 schools to close buildings. Surveyors are investigating if any parts of …

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Long Island Couple Dies After Their Boat Crashes With Larger Vessel

A Long Island couple was killed after their boat collided with a larger vessel and capsized, police said Monday. Louis Deritis, 53, was operating a 27-foot (8-meter) boat at about 10:40 p.m. Sunday when it collided with a 44-foot (13-meter) …

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Reinsurance Association Releases Paper on California Homeowners Insurance Market, Urges Policymakers Consider Risks of Inaction

The Reinsurance Association of America has come out with a white paper on the California homeowners insurance market that urges policymakers consider the risks of inaction. The paper, “Dynamics and Challenges in California’s Homeowners Insurance Market,” provides background and recommendations …

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S&P Raises Reinsurance Sector View to Stable From Negative as Rates Keep Rising

S&P Global has raised its view of the global reinsurance sector to stable from negative, it said on Tuesday, due to higher reinsurance rates and increasing investment income, while rival Moody’s kept its outlook for the sector stable. The COVID-19 …

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Delaware Police to Pay $50K to Man They Blocked From Warning of Speed Trap

Delaware State Police have agreed to pay $50,000 to resolve a federal lawsuit filed by a man who said troopers violated his constitutional rights by preventing him from warning motorists about a speed trap. A judgment was entered Friday in …

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Tesla Braces For Its First Trial Involving Autopilot Fatality

Tesla Inc. is set to defend itself for the first time at trial against allegations that failure of its Autopilot driver assistant feature led to death, in what will likely be a major test of Chief Executive Elon Musk’s assertions …

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Fast Fashion Firms Prepare for EU Crackdown on Waste Mountain

In a warehouse on the outskirts of Barcelona, women stand at conveyor belts, manually sorting T-shirts, jeans and dresses from large bales of used clothing – a small step towards tackling Europe’s towering problem of discarded fashion. Within a year, …

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Connecticut Can’t Hide Police Report on Hospital Patient’s Death

Police reports about deaths and other incidents in public hospitals cannot be kept secret, the Connecticut Supreme Court ruled Tuesday, citing the importance of government transparency and the public`s right to know what happened. A majority of the justices rejected …

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India’s Reliance Hunts for CEO of Jio Financial Services’ Newly Created Insurance Biz

Reliance Industries Ltd. is in discussions with global and domestic executive headhunters to find a leader for Jio Financial Services Ltd.’s newly created insurance business, according to people familiar with the matter. Executives from Reliance have met several firms in …

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Denver to Pay $4.7M to Settle Claims it Targeted George Floyd Protesters

Denver will pay $4.7 million to settle a class action lawsuit that alleged that protesters were unjustly targeted for violating the city`s curfew during demonstrations over the killing of George Floyd in 2020. City councilors unanimously agreed to the deal …

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Dutch Insurer NN Says Extreme Weather May Make Further Premium Hikes Unavoidable

Dutch insurer NN Group NV may increase premiums further as extreme weather patterns become more prevalent, Chief Executive Officer David Knibbe said. While NN benefited from benign weather conditions in the first half of the year, the July storm in …

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UK’s Direct Line Group Names Aviva’s Winslow as Group Chief Executive Officer

UK insurer Direct Line Group announced that Adam Winslow has been appointed as chief executive officer, subject to regulatory approval. It is expected that he will take up the role in the first quarter of 2024, succeeding Jon Greenwood who …

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Maine Police Say Driver on Drugs Swerved Off Road, Hit 4 Troopers

A motorist who veered off a highway and struck four state troopers was charged with operating under the influence of drugs, officials said Monday, as two of the troopers remained hospitalized. Three troopers and a trooper-in-training were at the end …

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LP Insurance Services Acquires Wasserman & Associates in California

LP Insurance Services LLC acquired Wasserman & Associates in Northern California. Wasserman & Associates joins the LP Insurance Services Gold River/Sacramento office. Wasserman & Associates has been serving the Sacramento, Calif. community since its inception in 1981, when it was …

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Aston Lark Acquires UK Broker Curtis Marine

Aston Lark, a Howden company, announced it has acquired Plymouth, UK-based marine insurance broker, Curtis Marine. Financial details of the deal were not disclosed. Curtis Marine will become part of Howden’s marine practice, trading under the Haven Knox-Johnston name. The …

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Removing Fukushima’s Melted Nuclear Fuel Will Be Harder Than Wastewater Release

At a small section of the Fukushima Daiichi nuclear plant’s central control room, the treated water transfer switch is on. A graph on a computer monitor nearby shows a steady decrease of water levels as treated radioactive wastewater is diluted …

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Kentucky Supreme Court: Docs Must Bill for Injured Workers Within 45 Days

Medical providers who treat injured workers in Kentucky must bill the employer/insurer within 45 days, even before a workers’ compensation claim has been filed and before an employer’s liability has been established, the Kentucky Supreme Court decided this week. The …

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NCCI Calls for Average 15% Decrease in Florida Workers’ Compensation Rates

The National Council on Compensation Insurance has proposed an average 15.1% decrease in rates for Florida, starting Jan. 1, the latest and one of the largest reduction recommendations in more than a decade of rate filings. The filing, which will …

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P&O Cruise Ship Crashes Into Oil Tanker, Injuring Passengers

A P&O cruise ship with thousands of passengers on board collided with an oil tanker off the coast of Palma de Mallorca in Spain on Sunday, injuring a small number of people. Videos posted to social media showed the Britannia, …

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NHTSA Proposing New Rules to Encourage Seat Belt Use by All Vehicle Passengers

The Department of Transportation is proposing new rules designed to encourage seat belt use by car and truck passengers, including those sitting in the back seat. The new rules proposed by the National Highway Traffic Safety Administration would require manufacturers …

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People Moves: Breskin Joins Insurance Office of America’s Western Division

Insurance Office of America added Jeffrey Breskin to its western division team. Breskin has more than 35 years of experience in risk management, claims, safety, and workers’ compensation laws and regulations. He previously served as senior vice president, risk management …

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Saint-Gobain to Close New Hampshire Plant Blamed for PFAS Water Contamination

A French company that has been blamed for contaminating drinking water in some New Hampshire communities with a group of chemicals known as PFAS said Wednesday it plans to close its plant there and will work with the state on …

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Deadly Heat Wave Sweeps Central US, Threatening Power Grid and Straining Resources

AUSTIN, Texas (AP) – Deadly heat that has gripped Texas for much of the summer has spread into other parts of the central U.S. this week where it is forecast to stay for days, with triple-digit temperatures buckling roads, straining …

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Former University of Southern California Star Reggie Bush Plans Defamation Suit Against NCAA

Former Southern California running back Reggie Bush plans to file a defamation lawsuit against the NCAA over a statement made by college sports’ governing body about the reasoning for its decision not to restore the Heisman Trophy winner’s records. Bush …

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People Moves: Pie in Colorado Names Four VPs to Leadership Team

Pie Insurance, headquartered in Denver, Colo., appointed four new vice presidents to its leadership team. Pie promoted Carla Woodard to vice president of claims. Woodard has more tahn 25 years of claims management experience, including most recently as director of …

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Employer Hosting Golf Outing Not Liable for Drunk Driver, Affirms Pennsylvania High Court

The Pennsylvania Supreme Court has declined to extend the state’s liquor liability law to social hosts. The high court cited a half-century of precedent in upholding lower courts in a case where an employer hosting a golf outing for employees …

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Takeaways from Our Conversation on Insurance Conditions for Cannabis

Some cannabis insurance brokers are lately reporting better conditions for their cannabis clients – such as lower rates, better terms. It’s too early to say whether their cannabis clients are getting better rates thanks to a maturing industry with a …

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Insurers Raise Premiums for Black Sea Oil Tankers as Tensions Mount: Traders

Insurance companies have notified charterers of ships operating in Russia’s Black Sea ports of an increase in additional payments known as “war risk premiums,” four traders said. A war risk premium was added to the common insurance costs for tankers …

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Cause Still Unknown in Pennsylvania House Explosion That Killed 6

Three houses at the center of a recent explosion near Pittsburgh that killed six people will need to be torn down and 10 others are not currently inhabitable, county officials said over the weekend. The Aug. 12 blast in Plum …

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Police Who Fatally Shot Pregnant Woman Sued by Her Family in Colorado

Destinee Thompson was supposed to be on her way to lunch with her stepmother in August 2021 when Colorado police, mistaking her for a robbery suspect, fatally shot the pregnant mother as she fled in her minivan. Frustrated by the …

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Gibson Acquires Brisk Advisors in Utah

Gibson has entered Utah through its acquisition of Brisk Advisors. The new Gibson Utah office is in Midvale. Brisk Advisors (formerly Insurance Network) has provided risk management and personal insurance solutions to clients for more than 50 years. Gibson is …

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US Insurance Giant Marsh Set for $448 Million Honan Deal

Marsh has agreed to acquire Honan Insurance Group Pty Ltd. as the US insurance broker giant seeks to expand its presence in Australia and New Zealand. The Marsh & McLennan Cos Inc. unit has signed a deal to buy out …

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Fire Tears Through Historic Block Island Hotel Off Rhode Island Coast

A fire tore through a historic hotel early Saturday on Block Island, prompting officials on the summer vacation spot off the coast of Rhode Island to declare a state of emergency and urge the public to stay away. The fire …

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Maui Fire Lays Bare Utility Missteps Mirrored Across the Country

When flames ripped through the drought-parched town of Paradise in 2018, destroying homes and killing 85 in California’s deadliest-ever wildfire, it was a wake-up call to power companies across the country. Electric lines would ultimately be blamed for the blaze, …

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China’s Hidden Financial Dangers Erupt With Shadow Bank Crisis

Only a week ago, Zhongzhi Enterprise Group Co. attracted little notice within China and was almost unheard of everywhere else. Now, the secretive shadow banking giant has become the latest symbol of financial fragility in an $18 trillion economy where …

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Liberty Co. Brokers Secures $340M in Funding for Refinance, More Growth

Florida-based The Liberty Company, one of the largest property/casualty insurance brokers in the country, announced it had secured $340 million in loans to refinance debt and fuel new growth opportunities. The funding, from J.P. Morgan, Fifth Third Bank, Royal Bank …

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New Jersey Home Blast That Killed 4 Was Caused by Explosive Materials in the House

A house fire and explosion in New Jersey that killed two men and two young children earlier this month was caused by explosive materials found in the residence, authorities announced Tuesday. The explosion likely originated in the rear left corner …

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Hurricane Hilary Threatens Flooding Rain in California, Nevada and Arizona

AccuWeather meteorologists say Hurricane Hilary is anticipated to bring heavy rain, flash flooding and strong winds to parts of California, Nevada and Arizona. The meteorologists issued the forecast in a media alert that was sent out Thursday afternoon. “Hurricane Hilary …

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Fitch Downgrades Kemper’s Trinity Universal P/C Subsidiary

Fitch Ratings said it has downgraded the financial strength rating of Kemper Corp’s Trinity Universal Insurance Company to A- (Strong) from A. Trinity Universal of Jacksonville, Florida is Kemper Corp.’s lead property/casualty operating subsidiary. “The downgrades for Trinity and Kemper’s …

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