Wed, 19 Jan 2022 07:35:35 +0000
Asian insurer FWD Group has raised $200 million in new funding ahead of its planned Hong Kong initial public offering (IPO), according to two sources with direct knowledge of the matter. The sources could not be named as the information …
Wed, 19 Jan 2022 07:30:57 +0000
The family of a delivery driver who died last month when a tornado collapsed the central Illinois Amazon facility where he worked filed a wrongful deathlawsuitMonday in Madison County. The action on behalf of Austin McEwen, 26, claims that Amazon …
Wed, 19 Jan 2022 06:14:42 +0000
Florida took a step toward opening its distressed property insurance market to more carriers Tuesday when a Senate committee approved a bill that would let Florida-based surplus lines insurers sell surplus policies in Florida. The Senate Banking and In...
Wed, 19 Jan 2022 06:01:55 +0000
California workers’ compensation COVID-19 claim volume continues to track with the state’s fluctuating infection trends, as the latest monthly count of COVID workers’ comp claims jumped 172% in December to the second highest level of the year as the Om...
Wed, 19 Jan 2022 06:00:50 +0000
Teva Pharmaceutical Industries Ltd. has agreed to pay $420 million to settle shareholder litigation alleging the company hid an anti-competitive scheme to fix the price of generic drugs. The settlement was disclosed on Tuesday in papers filed in federa...
Wed, 19 Jan 2022 06:00:40 +0000
Federal prosecutors have charged 13 people—including a New York City police officer, an attorney and four physicians—in two indictments that allege they schemed to defraud auto insurers out of $100 million by bribing 911 operators and others for ac...
Wed, 19 Jan 2022 06:00:25 +0000
The Biden administration on Tuesday unveiled a 10-year plan to treat and maintain millions of additional acres of forests in the western United States to reduce the severity of seasonal wildfires. “We’re not going to stop fires,” U.S. Agriculture Secre...
Wed, 19 Jan 2022 06:00:06 +0000
New Yorkers who were sexually abused as adults could sue abusers in civil court under a bill that supporters are again urging the state to pass. The Adult Survivors Act would provide a one-year litigation window for those individuals to …
Tue, 18 Jan 2022 19:47:32 +0000
Homeowners of America, a property/casualty insurance provider and subsidiary of Porch Group Inc., launched service in Montana. With the addition of Montana, HOA now operates in 14 states. HOA launched its service in New Mexico earlier this month. Seatt...
Tue, 18 Jan 2022 17:41:51 +0000
Iowa football coach Kirk Ferentz has disbanded an alumni advisory committee that was created after a 2020 investigation found evidence of racial bias against Black players in his program and bullying behavior by some of his assistants. The Gazette repo...
Tue, 18 Jan 2022 17:37:14 +0000
A woman who said she was injured after slipping on a lemon wedge has failed to revive her lawsuit against a popular Detroit tavern. The Michigan Court of Appeals affirmed a lower court’s decision in favor of Old Shillelagh. Connie …
Tue, 18 Jan 2022 17:30:24 +0000
High Street Insurance Partners announced its December acquisition of Hershey Insurance Agency, a full-service insurance firm based in Troy, Michigan. Founded in 1979, Hershey offers personal insurance, business insurance and group benefits. This acquis...
Tue, 18 Jan 2022 17:20:12 +0000
A little over five months after Hurricane Ida devastated Grand Isle, Louisiana’s barrier island, electricity is fully up and running, the mayor’s office said. Ida made landfall Aug. 29. Grand Isle was nearly inaccessible in the days immediately after t...
Tue, 18 Jan 2022 17:16:43 +0000
A pilot and passenger are presumed dead after the crash Jan. 14 of a helicopter in a south Louisiana marsh, a local government official said. The sheriff’s office in coastal Lafourche Parish got a call from a witness who saw …
Tue, 18 Jan 2022 17:14:35 +0000
Former Insurance Commissioner Wayne Goodwin, a longtime leader in North Carolina government and state Democratic Party politics, was named the next Division of Motor Vehicles commissioner on Friday. Goodwin, the elected state insurance commissioner fro...
Tue, 18 Jan 2022 17:11:43 +0000
U.S. and British authorities Monday continued an investigation into the weekend standoff at a Texas synagogue that ended with an armed British national dead and a rabbi crediting past security training for getting him and three members of his congregat...
Tue, 18 Jan 2022 17:09:51 +0000
Heavy snow during a winter storm Sunday caused part of a roof to collapse on a dorm at Brevard College, but all 50 students inside got out safely, authorities said. Emergency crews responded to Jones Hall just after 3 p.m. …
Tue, 18 Jan 2022 16:49:01 +0000
A year of unprecedented cyber-attacks, business interruption and supply chain disruption, along with natural catastrophe activity has pushed these three perils to the top of the list of global business risks in this year’s Allianz Risk Barometer. Cyber...
Tue, 18 Jan 2022 15:54:09 +0000
Los Angeles County announced it is suing tenants and property owners of a warehouse where a fire released illegally stored chemicals into a drainage channel and caused a stench that lasted for weeks. The hydrogen sulfide gas odor caused a …
Tue, 18 Jan 2022 15:51:59 +0000
A retired San Jose Police officer who owns a security business pleaded no contest to insurance fraud, tax evasion, money laundering, and worker exploitation and is expected to be sentenced to three years in jail, prosecutors said. Robert Foster, who …
Tue, 18 Jan 2022 15:51:15 +0000
Zurich North America announced the following changes: Jason Meador, currently head of Captives at Zurich North America, has been appointed to lead the Rural Community Insurance Services crop insurance business following the impending retirement of head...
Tue, 18 Jan 2022 15:49:05 +0000
A medical transport plane struck power lines in cloudy weather before it crashed last month near San Diego, killing two flight nurses and two pilots, federal investigators found. The Learjet 35A crashed on Dec. 27 while preparing to land at …
Tue, 18 Jan 2022 15:46:41 +0000
Johnson & Johnson on Friday said it had agreed to pay $44 million to resolve claims that it fueled the opioid epidemic in New Mexico, a state which originally opted against participating in a nationwide settlement resolving thousands of similar …
Tue, 18 Jan 2022 15:36:57 +0000
Southern Insurance Underwriters, a managing general agency based in Atlanta, has named Whitney Griffith new underwriter for garage insurance. Griffith, who will be in SIU’s Alpharetta, Georgia, office, has more than eight years’ experience in commercia...
Tue, 18 Jan 2022 15:27:23 +0000
Association Member Benefits Advisors (AMBA), a national affinity-based membership and marketing insurance agency, has agreed to acquire the associations business of Mercer, a business of Marsh McLennan. Mercer’s association benefits business, Mercer Af...
Tue, 18 Jan 2022 15:10:17 +0000
COVID-19 infections are soaring again at U.S. nursing homes because of the omicron wave, and deaths are climbing too, leading to new restrictions on family visits and a renewed push to get more residents and staff members vaccinated and boosted. …
Tue, 18 Jan 2022 14:30:00 +0000
Johnson & Johnson should know by the end of next month whether its controversial use of bankruptcy to try to resolve billions of dollars in cancer claims can proceed, or if the consumer products giant must fight roughly 38,000 lawsuits …
Tue, 18 Jan 2022 13:49:46 +0000
The U.S. Department of Agriculture on Friday confirmed the first case of a highly pathogenic type of avian influenza in a wild bird since 2016 in South Carolina. The virus, Eurasian H5 avian influenza, was found in a wild duck …
Tue, 18 Jan 2022 13:30:36 +0000
Activist investment firm Ides Capital Management has nominated two directors to the board of Safety Insurance Group and wants the company to buy back shares, cut costs and improve financial disclosure, according to a letter seen by Reuters. New York-ba...
Tue, 18 Jan 2022 13:11:36 +0000
New Zealand and Australia were able to send military surveillance flights to Tonga on Monday to assess the damage a huge undersea volcanic eruption left in the Pacific island nation. A towering ash cloud since Saturday’s eruption had prevented earlier …