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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