Montana Superfund Towns Clinic Accused of Submitting False Asbestos Claims

A major U.S. railroad found liable for spreading hazardous asbestos that killed hundreds of people in a Montana town is trying to convince a federal jury that a local clinic submitted hundreds of asbestos claims for people who weren’t sick, …

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Injured Workers Pharmacy to Pay $10M for Improper Handling of Red Flag Prescriptions

Andover, Massachusetts-based Injured Workers Pharmacy (IWP) has agreed to pay $10 million to resolve allegations that it violated the Controlled Substances Act by improperly filling prescriptions for controlled substances, including opioids, and submitting false claims for payment to the Department …

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Talk With Foxs Jesse Watters Leads to Big I CEO Rusbuldts Disappointing Early Exit

Bob Rusbuldt — set to retire in about two months as chief executive of the Independent Insurance Agents and Brokers of America (The Big I) — was relinquished of his duties after a conversation he had with Fox News Host …

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Index Measures and Quantifies Severity of Heat Waves in a Warmer World

AccuWeather is launching what it says is the only scale that tracks the duration and severity of heat waves, which are becoming more common occurrences due to factors like climate change, deforestation and urban heat island effects. AccuWeather’s HeatWave Counter …

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People Moves: LP Insurance Services Adds Thompson to Southern Nevada Team

LP Insurance Services, LLC, headquartered in Reno, Nev., added Cole Thompson to its Las Vegas commercial lines team. Thompson will work with commercial clients seeking insurance solutions and risk management services. Before joining LP Insurance, Thompson was an agent at …

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Anti-ESG Movement in U.S. Feeds Anxiety Among UK Investors

Investors in the UK are starting to worry that the anti-ESG movement may spread from the US and get a foothold on the other side of the Atlantic. The UK Sustainable Investment and Finance Association (UKSIF), whose members oversee more …

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Credit Ratings for New York Schools Insurance Reciprocal Downgraded

AM Best has downgraded the Financial Strength Rating to A-(Excellent) from A (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “a-” (Excellent) from “a” (Excellent) of New York Schools Insurance Reciprocal (NYSIR) in (Uniondale. The outlook of these …

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Connecticut Updates Captive Insurance Law

Connecticut is updating its captive insurance laws to provide more flexibility for established captive cells and allow captives to accept and transfer risk using parametrics. The legislation also provides tax benefits for owners of dormant captives. Connecticut Governor Ned Lamont …

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Massachusetts Town Not Liable for ATV Riders Death on Town Land

A Massachusetts town is immune from liability for the death of an ATV rider who was killed after striking a wire cable strung across a right of way on town land by the owner of the adjacent private property. The …

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Washington Proposed Rule Update Beefs up Refinery Worker Protections

The Washington State Department of Labor & Industries is proposing updated workplace safety rules for petroleum refineries designed to prevent catastrophic events like the 2010 explosion that killed seven workers at the former Tesoro refinery in Anacortes. The proposed update …

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New York City Seeks Public Help With E-Bike Crackdown After Deadly Fires

New York City officials called on the public to help with a crackdown on unsafe e-bike shops after a spate of deadly fires caused by lithium ion batteries, the latest of which killed four people in Manhattan’s Chinatown last Tuesday. …

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Email Phishing Scam Targets Licensed Insurance Producers in Nevada

The Nevada Division of Insurance says it has been made aware of an email phishing scam targeting licensed insurance producers and agents in Nevada. The division has reportedly received several calls from licensed professionals reporting they received a fraudulent email …

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Yale Student Can Be Sued for Defamation for Reporting Rape Court Says

In a decision scrutinizing how colleges investigate sexual assault allegations, Connecticut’s highest court ruled Friday that a former Yale student is not immune from a defamation lawsuit by a fellow student who was exonerated in criminal court after she accused …

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Brégier Appointed Chairman of Board at French Reinsurer SCOR

SCOR’s Board of Directors, which met on June 25, 2023, has unanimously decided to appoint Fabrice Brégier as non-executive chairman, with immediate effect. This decision was made on the unanimous recommendation of the Nomination Committee, at the conclusion of a …

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Credit Suisse to Appeal Bermuda Court Ruling Against Georgias Ex-Prime Minister

A Bermuda appeals court on Friday largely dismissed Credit Suisse’s appeal in an ongoing case involving the Swiss bank’s local life insurance arm and Georgia’s former Prime Minister Bidzina Ivanishvili. “The time has come for Credit Suisse to take responsibility …

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Mallinckrodt Gets Second Extension on Opioid Settlement Payment

Mallinckrodt Plc has for the second time reached an agreement to further delay a $200 million opioid settlement payment that was due earlier this month as the company continues to evaluate its options for addressing its debt load. The drugmaker …

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People Moves: PIIB in California Announces New COO Appoints Board Members

The Pacific Interstate Insurance Brokers board has appointed Ashley Bernardi as vice president and chief operation officer. Bernardi has more than 14 years of experience, beginning her career at PIIB as a part-time bookkeeper and executive assistant. In 2013, she …

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Sanders Seeks Senate Probe Into Amazons Warehouse Safety Practices

Vermont Sen. Bernie Sanders has opened a Senate investigation into Amazon’s warehouse safety practices, the latest in a series of probes he’s initiated against big corporations in his role as chairman of a committee that oversees health and labor issues. …

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Oregon Climate Change Lawsuit Seeks $50B Citing 2021 Heat Wave

An Oregon county on Thursday sued Exxon XOM.N, Chevron CVX.N, other major oil and coal companies, and industry groups, seeking over $50 billion to counter the harms caused by extreme weather fueled by climate change. Multnomah County said in the …

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Washington Rule Requires Insurers to Tell Policyholders Why Their Premium is Going up

Washington Insurance Commissioner Mike Kreidler adopted a rule requiring insurers to explain premium increases to their policyholders “in language they can understand.” “If your insurance company is going to increase your premium, you have a right to know why,” Kreidler …

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McKinsey Creates New Ethics Role After $641 Million Opioid Fallout

McKinsey & Co. is beefing up its ethics department after a series of high-profile controversies, including helping Purdue Pharma LP “turbocharge” opioid sales. The management consulting giant is hiring for a newly created position with its global “ethics allegations management …

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Former Root CMO Ordered Detained for Contempt

Root Inc’s former chief marketing officer – accused in a lawsuit by the company of syphoning $10 million from it – was ordered detained for contempt of court, and he will need to find another way to pay his attorneys. …

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Philadelphias I-95 to Open to Traffic This Weekend With Interim Fix: Governor

Temporary lanes on Interstate 95 will be open sometime this weekend, with permanent repairs to follow, Gov. Josh Shapiro said Tuesday, more than a week after a section of the interstate collapsed in Philadelphia. “Traffic will be flowing here on …

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Young Plaintiffs Attorney Closes Montana Climate Change Trial with Call for Action

An attorney for 16 young plaintiffs urged a judge Tuesday to strike down as unconstitutional a Montana law that prohibits state agencies from considering the environmental effects when it weighs permits allowing the release of greenhouse gases. Attorney Nate Bellinger …

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Senator Says DeSantis Veto of Flood Other Projects is Political Retaliation

Florida Gov. Ron DeSantis has vetoed flood-control and other measures in central and west Florida and at least one Republican claims that it was retaliation for his support for the governor’s rival in the 2024 presidential race. State Sen. Joe …

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Federal Regulator Throws Wrench Into Massachusetts Right-to-Repair Plans

A new right-to-repair motor vehicle law in Massachusetts that grants owners and their designated service firms access to the telematics data collected in cars has nun into a roadblock. The National Highway Traffic Safety Administration (NHTSA) in a June 13 …

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States Are Rushing to Regulate Deepfakes as AI Goes Mainstream

Images of former President Donald Trump hugging and kissing Dr. Anthony Fauci, his ex-chief medical adviser. Pornographic depictions of Hollywood actresses and internet influencers. A photo of an explosion at the Pentagon. All were found to be “deepfakes,” highly realistic …

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New York Governor to Propose State Regulation After Fatal Tour Boat Accident

Gov. Kathy Hochul said Friday she wants the state to have regulatory authority over boats that operate in caves and similar waterways following a fatal tour boat accident in an underground water tunnel off the Erie Canal. The Office of …

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Purtill Named Permanent CFO of AIG

Sabra Purtill has been named permanent chief financial officer of American International Group (AIG), the company said. Purtill was called on in late January to fill the role of interim CFO after the firing of former interim CFO Mark Lyons, …

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Takeaways from Our Conversation on Carrier-Broker Relations

Insurance professionals specializing in cannabis across the nation in the last few years have gone from few and far in between to too many to count as cannabis evolves into a mature industry – and it builds a clearer claims …

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University of Delaware Settles Class Action Over COVID Campus Shutdown

The University of Delaware has agreed to pay $6.3 million to settle a lawsuit over its campus shutdown in 2020 and the halting of in-person classes because of the coronavirus pandemic. According to court papers that were filed this month …

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Bank of England Launches First Sector-Wide Liquidity Stress Test

The Bank of England has launched its first system-wide liquidity ‘stress test’ to establish how big banks, insurers, clearing houses and investment funds respond collectively during extreme stresses in markets, it said on Monday. The BoE had said in December …

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Florida Agents Optimistic About Market and Dont Fear the A.I. Reaper

ORLANDO – Just as some California insurance agents are expressing grave concerns about the future of that state’s insurance market, a number of Florida agents feel like they’ve turned something of a corner. “Things are getting better. They are,” said …

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Bayer Reaches $6.9 Million Settlement With New York Over Roundup

Two companies that sell top brands of household weedkiller will pay $6.9 million for allegedly making false and misleading claims regarding the safety of their products as part of a settlement with the New York attorney general’s office announced on …

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Arizona Woman Alleges Sexual Assault by Bauer; He Denies Allegation and Countersues

An Arizona woman has accused former major league pitcher Trevor Bauer of sexual assault, alleging in a lawsuit updated this week that he held a knife at her throat and choked her until she passed out during a rape that …

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Prosecutors: Weapons Expert in Was Hungover on Set New Mexico Movie Set

The weapons supervisor on the film set where Alec Baldwin shot and killed a cinematographer was drinking and smoking marijuana in the evenings during the filming of “Rust,” prosecutors are alleging, saying she was likely hungover when she loaded a …

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Jury Awards Ex-Starbucks Manager $25.6 Million Over Firing After Arrests of 2 Black Men

CAMDEN, N.J. (AP) – Jurors in federal court have awarded $25.6 million to a former Starbucks regional manager who alleged that she and other white employees were unfairly punished after the high-profile arrests of two Black men at a Philadelphia …

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Insurance Agent Group Has Issues with California Commissioners Briefing

A webinar briefing hosted by California Insurance Commissioner Ricardo Lara this week to ease concerns about deteriorating market conditions left insurance agents with more questions than answers, according to a group that represents agents. Agents are experiencing difficulty placing automobile …

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Oregon Jury: PacifiCorp Must Pay Punitive Damages for Fires Plus Award That Could Reach Billions

A jury on Wednesday ordered the electric utility PacifiCorp to pay punitive damages for causing devastating wildfires in Oregon in 2020 – on top of an earlier verdict already expected to amount to billions of dollars. The decision came two …

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Kentucky Coal Company Employee Sentenced for Falsifying Dust Samples Lying

A coal dust examiner who worked for a Kentucky mining company has been sentenced to six months in prison for falsifying dust samples and lying to federal officials. Walter Perkins’ employer, Black Diamond Coal Company, was placed on probation for …

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MOVEit Cyber Atack Hits UK Printing Firm Used by Insurers Brokers and Banks

A UK printing firm that sends mail for clients ranging from major health-insurance providers to multinational banks was a victim of the extensive MOVEit cyberattack. Adare SEC confirmed to Bloomberg News on Monday that it was hit by the MOVEit …

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People Moves: Mangapit Named President of Pinnacle Claims Management in California

Steve Mangapit, the COO of the Western Growers Family of Cos., has assumed the duties of president of Pinnacle Claims Management Inc. He replaces David Zanze, who retired after 38 years of service at Pinnacle. Mangapit joined WGFC in January …

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PacifiCorp Could Owe Billions After Jury Verdict in Devastating Oregon Wildfires

A jury in Oregon this week found the electric utility PacifiCorp responsible for causing devastating fires during Labor Day weekend in 2020, ordering the company to pay tens of millions of dollars to 17 homeowners who sued and finding it …

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New York Clean Slate Bill to Seal Old Criminal Records Reaches Gov. Hochuls Desk

New Yorkers who commit crimes could have their records automatically sealed if they stay out of trouble for a certain number of years after they have finished serving their sentences under a bill passed by state lawmakers Friday. The “clean …

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UK Communications Regulator Ofcom Says Hackers Stole Confidential Data

The hackers responsible for the MOVEit cyberattack downloaded confidential information from UK communications regulator Ofcom about companies it regulates, as well as its own employees — adding to a string of victims which includes IAG SA’s British Airways and the …

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Court Allows Philly Cops Fired Over Facebook Posts to Pursue 1st Amendment Claims

A dozen Philadelphia police officers who were fired or suspended for racist and violent social media posts can pursue a lawsuit against the city claiming their First Amendment rights were violated, a federal appeals court ruled. The officers’ social media …

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Report: Wildfire Fears at ‘All-Time High’ and Driving Insurer Decisions in Property Market

Despite a relatively average 2022 wildfire season, fears of wildfires remain at an “all-time high,” and those fears appear to be one driver of decision-making on property insurance. A new report from Gallagher Re shows the threat of damaging wildfires …

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Report Looks at Long COVID Claims in California Workers’ Comp

Roughly 13% of COVID-19 claims with medical payments received treatments for long COVID symptoms in the workers’ compensation system, a new report shows. The Workers’ Compensation Insurance Rating Bureau of California released an updated COVID-19 report, Medical Characteristics of COVID-19 …

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Man Sues Alaska Troopers, Says His Job Offer Yanked After HIV Status Revealed

A Salt Lake City man who says his job offer to become an Alaska State Trooper was rescinded after he disclosed he was HIV positive filed a lawsuit in state court Thursday to get his position on the statewide police …

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Judge Rejects 3M Effort to Resolve Earplug Lawsuits in Bankruptcy

A U.S. judge on Friday dismissed the bankruptcy of 3M subsidiary Aearo Technologies, rejecting an effort to resolve nearly 260,000 lawsuits alleging that 3M military earplugs caused hearing loss for veterans and U.S. service members. U.S. Bankruptcy Judge Jeffrey Graham …

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The Load: Georgians Prepare for New 88,000-lb. Weight Limits on Trucks

Georgia cities and counties, along with trucking and auto insurance companies, are preparing for the impact of a new law that raises the weight limit of tractor-trailers hauling agricultural and timber products in the state. House Bill 189 was scaled …

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Connecticut Lawmakers Pass Wrong-Way Driver Bill

Connecticut lawmakers, still grieving the death of a fellow legislator killed in a wrong-way crash in January, have given final legislative approval to a bill that attempts to address the large increase in wrong- way crashes on the state’s roads. …

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Most Nations Aiming for Net-Zero Fail to Meet Targets, Study Shows

A new scientific assessment of government commitments to eliminate greenhouse gas emissions found most lack credibility and would put the world on track to experience catastrophic global warming by the end of this century. About 90% of net-zero plans by …

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Hawaii’s Active Kilauea Begins Erupting After 3-Month Pause

Kilauea, one of the most active volcanoes in the world, began erupting on Wednesday after a three-month pause, displaying spectacular fountains of mesmerizing, glowing lava that’s a safe distance from people and structures in a national park on the Big …

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Black Workers at California Tesla Factory Allege Rampant Racism, Seek Class-Action Status

Tesla may face a class-action lawsuit after 240 Black factory workers in California described rampant racism and discrimination at the electric automaker’s San Francisco Bay Area plant, including frequent use of racial slurs and references to the manufacturing site as …

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Britain to Host First Global Summit on Artificial Intelligence Safety

The United Kingdom will host a global summit on artificial intelligence safety this autumn, the British government said on Wednesday, adding Prime Minister Rishi Sunak and U.S. President Joe Biden will also discuss the technology at their Thursday meeting. The …

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Stricter UAE Ship Insurance Rules Look to Cut Oil Spill Risks

Tougher requirements for some ship insurers covering United Arab Emirates ships are aimed at boosting environmental safety, the UAE state news agency (WAM) reported, amid growing concerns over unregulated shipping. The UAE’s energy and infrastructure ministry in a June 2 …

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Nevada Insurance Commissioner Petitions to Place Friday Health in Receivership

Nevada Insurance Commissioner Scott Kipper has filed legal action with the Nevada District Court to place Friday Health Plans of Nevada under regulatory supervision. The action will enable Kipper to assume oversight and management of the day-to-day operations of the …

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Single Voicemail Enough to Violate Telephone Consumer Protection Act, 6th Circuit Rules

A single voicemail message left on a cellphone without permission is enough to allow an individual to proceed with a class-action lawsuit alleging violations of the Telephone Consumer Protection Act of 1991, a panel with the 6th Circuit Court of …

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Ryan Specialty to Acquire ACE Benefit Partners in Idaho

Ryan Specialty signed a definitive agreement to acquire certain assets of ACE Benefit Partners Inc. in Eagle, Idaho. The acquisition is expected to close in July 2023. ACE Benefit Partners is a medical stop loss general agent founded in 2014. …

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UAE to Tighten Insurance Cover for Ships Flying its Flag

The United Arab Emirates is tightening insurance requirements for vessels registered under its flag, according to a government advisory, amid growing concerns over ships sailing without top tier cover in the event of an oil spill. Ships typically have protection …

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UAE to Tighten Insurance Cover for Ships Flying its Flag

The United Arab Emirates is tightening insurance requirements for vessels registered under its flag, according to a government advisory, amid growing concerns over ships sailing without top tier cover in the event of an oil spill. Ships typically have protection …

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Insurance Broker CBIZ Buys Information Security Consultant Pivot Point

Cleveland-based insurance and financial advisory firm CBIZ, Inc. announced that it acquired information security consulting firm, Pivot Point Security, of Hamilton, New Jersey, effective June 1, 2023. Founded in 2001, PPS serves small and middle market businesses with certification and …

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BA, BBC and Boots Caught Up in File Transfer Hack

Tens of thousands of employees of British Airways, the UK drugstore chain Boots and Britain’s BBC were among those whose personal data was exposed following a wide-ranging breach centered on a popular file transfer tool, the organizations confirmed on Monday. …

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Washington Lawsuit Alleging Falsified Arrest Report Settled For $250K

A lawsuit filed by a Washington oyster farmer accusing a former county deputy of falsifying an arrest report and urging a person to lie during a domestic-violence investigation has been settled for $250, 000. Gerardo Rodarte, the owner of Samish …

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Tokio Marine Kiln Sets Up Cyber & Enterprise Risk Division

Specialist insurer Tokio Marine Kiln (TMK) has established a standalone Cyber & Enterprise Risk division as part of its effort to expand its presence in the cyber market. Led by Laila Khudairi, the Cyber & Enterprise Risk division comprises cyber, …

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2 Killed in Small Plane Crash at Airport in Mississippi

A small twin-engine aircraft crashed Saturday near hangars at Tupelo Regional Airport in northeastern Mississippi, killing two people, authorities said. The plane banked sharply after takeoff, witnesses told WCBI-TV, and came down beside the airport’s Army Aviation Support Facility. Video …

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Man Behind 2021 Walmart Fires Along Gulf Coast Sentenced to 18 years

An Alabama federal judge has sentenced the man who admits being the leader of a scheme to set fires to Walmart stores along the Gulf Coast to 18 years in prison – double the recommended sentence. As part of a …

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Russia Accuses U.S. Intelligence of Hacking Thousands of iPhones

Russia’s main security service accused a US intelligence agency of hacking several thousand iPhones, including devices belonging to Russian nationals and others linked to diplomatic missions and embassies in the country. The statement from Russia’s Federal Security Service, known as …

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Family of Man Who Drowned in Arizona Lake Files Wrongful Death Suit

The family of a man who drowned in Tempe Town Lake in Arizona a year ago filed a wrongful death lawsuit against the city, noting that its police department doesn’t have a policy requiring officers to go into the water …

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New Jersey Fire Crews Battle 2 Major Fires

Fire crews in New Jersey on Saturday had almost completely contained one major fire and were reporting good progress in battling another blaze that for a time threatened several dozen homes. New Jersey Forest Fire Service officials said Saturday that …

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Billionaire SPAC Kings Dragged to Court After Boom Goes Bust

The unwinding of the blank-check stock frenzy, one of the hottest pandemic-era trends on Wall Street, is playing out its last act on a different stage: the courtroom. The raucous boom in special-purpose acquisition companies — which bankrolled takeovers that …

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Connecticut Couple Can No Longer Bear Wild Animal Snapping Photos on Their Property

A Connecticut husband and wife claim in a lawsuit that a bear with a camera is violating their Fourth Amendment right to be free from unreasonable searches and seizures. They want the state to stop it. Mark and Carol Brault …

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California Awards $8M for Community Resilience Projects

The California Governor’s Office of Planning and Research announced $8 million in project awards through Round I of the Adaptation Planning Grant. The grant, funded through Gov. Gavin Newsom’s 2021-2022 climate budget and established through state law, are to support …

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Triple-Whammy of Cyclones, a 1-in-200-Year Event, Drove Italy’s Flooding: Scientists

A rare, triple-whammy of cyclones drove the deadly flooding that devastated much of northern Italy this month, but scientists said Wednesday that climate change doesn’t seem to be to blame for the intense rainfall. Using computer simulations and past observations, …

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Climate Change, Wildfire Risk and State Farm’s California Decision

Several reasons were given within State Farm’s announcement last week the carrier was no longer writing new personal or business property/casualty policies in California – including a challenging reinsurance market, increased risks and historic increases in construction costs outpacing inflation. …

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Truck Driver Indicted After Deadly Oregon Crash That Killed 7 Farmworkers

The driver of the semitruck involved in a fatal crash on Interstate 5 in Oregon earlier this month that left seven farmworkers dead has been indicted on charges of manslaughter, court documents show. A grand jury in Marion County Court …

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UK’s Ardonagh to Acquire Greek Reinsurance Broker SRS Group

The Ardonagh Group announced its expansion into Greece following its agreement to acquire a majority shareholding in SRS Group of Companies (SRS). Founded in 2019 and based in Athens, SRS’ businesses include a leading independent wholesale reinsurance broker and an …

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