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INSURANCE NEWS
Six Defendants to Stand Trial for Michigan Auto Insurance Fraud Scheme
Six defendants will stand trial on charges alleging the group operated an auto insurance fraud scheme targeting Michigan residents involved in automobile collisions, Michigan Attorney General Dana Nessel and Anita Fox, Director of the Michigan Department of Insurance and Financial …
Long Recovery Ahead for Swath of Central US Hit by Deadly Tornadoes
LAKEVIEW, Ohio (AP) — Residents in a swath of the central U.S. hit by deadly tornadoes were cleaning up, assessing damage and helping neighbors on Saturday. But it will be a long recovery from the storms that ripped through parts …
Texas Firefighters Completely Contain Panhandle Wildfire
LUBBOCK — Firefighters have completely contained the Smokehouse Creek fire in Hutchinson County after a nearly three-week battle with what quickly became the largest wildfire in Texas history. That inferno and a series of other wildfires killed at least two …
Walgreens to Pay $205K Over Pregnancy Discrimination at Louisiana Store
Pharmacy and retailer Walgreens Co. has agreed to pay $205,000 and provide other relief to settle a pregnancy discrimination lawsuit filed by the U.S. Equal Employment Opportunity Commission (EEOC), the federal agency announced. According to the EEOC’s lawsuit, Walgreens violated …
Scranton School District Reports Ransomware Attack
The Scranton, Pennsylvania school district has been experiencing computer outages due to a ransomware attack last week. “The attack is causing a temporary disruption to some of our computer systems and services,” the school reported on Facebook last Friday afternoon. …
Trump Has Failed to Get Appeal Bond for $454M Civil Fraud Judgment, Lawyers Say
Donald Trump has so far been unable to obtain a bond that would allow him to appeal a $454 million judgment against the former U.S. president in a New York civil fraud case without posting the full amount himself, his …
Florida Jury: NICO Did Not Act in Bad Faith in Keys Crash that Killed 4 Women from Spain
Six months after a federal appeals court upheld a $12 million verdict against a waste-hauling company in a crash that killed four Spanish women in the Florida keys, a jury has found that the firm’s insurer did not act in …
Bankruptcy Court Approves Camden Diocese’s $87.5M Plan for Abuse Victims
Almost three-and-one-half years after the Catholic Diocese of Camden, New Jersey filed for bankruptcy citing financial effects from the pandemic and sexual abuse settlements, its Chapter 11 reorganization plan has been approved. The final plan, the ninth amended proposal, establishes …
Chubb Launches Global Transactional Risk Platform to Grow International Footprint
Chubb announced the launch of a global transactional risk platform to provide transactional risk liability insurance products across international markets. Chubb has appointed Josh Cowen as senior vice president, International Transactional Risk, to lead this initiative from London. Cowen, a …
Agile Underwriting Gets ‘In-Principle’ Approval to Launch Lloyd’s Syndicate
Agile Underwriting Services has received “in-principle” approval from Lloyd’s to create Agile Syndicate 2427, subject to regulatory approvals. Syndicate 2427 will be established under the “syndicate-in-a-box” (SIAB) framework and be managed by Asta through its third-party managing agency platform at …
People Moves: Canal Insurance Names Brocklebank Chairman of the Board
Seven years after he was named president and CEO of transportation insurer Canal Insurance, Paul Brocklebank has an additional title to his name – chairman of the board of the Greenville, South Carolina, company. The move comes after several years …
Apple, Investors Reach $490 Million Settlement in Fraud Case
Apple Inc. reached a $490 million settlement of a class-action lawsuit brought by a group of investors who accused Chief Executive Officer Tim Cook of misleading them in 2018 about the company’s sales prospects. Cook made false statements about the …