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INSURANCE NEWS
Texas AG Investigates Major Food Manufacturers for Misleading “Heart-Healthy” Labeling
Texas Attorney General Ken Paxton announced an investigation into major food manufacturers that market their products as “heart-healthy,” alleging that many companies have adopted such labels on products that are high in added sugars, refined grains and inflammatory properties. As …
Kansas Launches Program for First Responders Recovering from Trauma
Kansas Insurance Commissioner Vicki Schmidt announced that the Kansas Department of Insurance is now accepting reimbursement requests for the HERO Act. The Helping First Responders Overcoming Post-Traumatic Stress Disorder, or HERO Act, is a pilot program to help emergency responders …
Domtar A.W. Resolves Clean Air Act Violations with $1.5M Civil Penalty
The Justice Department has resolved alleged Clean Air Act and Arkansas Water and Air Pollution Control Act violations with Domtar A.W., a manufacturer of pulps, paper and wood products. Under the proposed consent decree, Domtar will pay a $1.5 million …
Taco Bell Met With Michigan on Parasite Weeks Before Recall
Michigan health authorities were in touch with Taco Bell’s parent company, Yum! Brands Inc., about a parasitic outbreak in early July, weeks before the company officially alerted consumers. The Michigan Department of Health and Human Services held a call with …
Texas Hemp Industry Sues State for Violating Commerce Protections
Three members of the hemp industry are suing the state of Texas for violating commerce protections after it was announced last week that nearly all hemp-derived THC products are illegal. On Friday, two hemp retailers and a distributor filed a …
TikTok Finalizing Trio of Settlements in Addiction Litigation
TikTok is finalizing agreements to settle three upcoming trials related to allegations that its video product is addictive and harmful to minors. Plaintiffs’ attorneys Joseph VanZandt of Beasley Allen and Emily Jeffcott of Morgan & Morgan confirmed TikTok had resolved …
Government to Turn Kentucky Uranium Plant into AI Data Center
The U.S. Department of Energy is harnessing the artificial intelligence boom in its bid to convert another Cold War-era uranium enrichment site, tapping private equity to fund a $100 billion data center complex that will include its own new natural …
Bring It On: AI Strategy Sways Underwriter Choices of Employers
Property/casualty insurance underwriters are worried about AI tools taking over their jobs. Now, according to a recent survey, nearly three-quarters say they’re opting for companies with clear AI strategies as employers. The result shows up in the report “The Future …
Florida’s Edison Files for 9.8% Average Residential Rate Drop
Boca Raton-based Edison Insurance Co., now with more than 145,000 policies in force, has joined the list of Florida property insurers filing for rate decreases this year, three years after state lawmakers approved significant disincentives for claims litigation. Edison recently …
Lawsuit Says EEOC Has Halted All Federal-Sector Class Complaints
A labor union and two female prison employees filed a lawsuit late last month accusing a U.S. civil rights agency of unlawfully halting their sexual harassment case as part of wider order to indefinitely suspend proceedings in all federal-sector class …
Washington Man Charged With Starting Devastating Spokane Fire
A 37-year-old Washington State man has been arrested and charged with arson in connection with one of the wildfires that is devastating Spokane, the County Sheriff’s Office said in a statement. Aaron Farinacci, of Spokane, was taken into custody at …
Goldman Sachs, Talcott Launch $1 Billion Bermuda Reinsurance Sidecar
Talcott Financial Group and Goldman Sachs have launched a Bermuda-domiciled reinsurance sidecar West Grove Re, the life insurance provider said on Tuesday, which has so far raised $1 billion. The capital raise includes a credit facility and equity commitments from …
