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INSURANCE NEWS
Transgender Men Sue Kansas Over Law Invalidating Their Driver’s Licenses
Two transgender men are suing Kansas over a new law that invalidated their driver’s licenses and about 1,700 others for reflecting people’s gender identities and not their sex assigned at birth, arguing that the measure is “dehumanizing.” The men filed …
Louisiana Couple Arrested for Insurance Fraud
A Baton Rouge, Louisiana couple was recently arrested for attempting to defraud an insurance company of approximately $30,000 and on other related charges, the Louisiana Office of the Attorney General announced this week. Agents with Attorney General Liz Murrill’s Louisiana …
Louisiana Dept. of Insurance Enters Partnership to Fight Litigation Funding
The Louisiana Department of Insurance is entering a partnership with the National Insurance Crime Bureau (NICB) and digital intelligence company 4WARN to combat third-party litigation funding (TPLF) marketing tactics. The department said the partnership is the first of its kind …
Bolivia Raids Homes Looking for Millions in Cash Taken From Plane-Wreck Site
Bolivia’s security forces have raided at least 22 homes near the site where a military plane carrying millions of dollars in cash crashed last week, seeking to recover banknotes stolen after the accident. At least 24 people died in the …
Buyer’s Market: Low Terrorism Insurance Pricing Despite Rising Instability
Terrorism insurance pricing in the U.S. is hovering at an all-time low — a surprising reality at a time when geopolitical tensions, domestic extremism, and global instability dominate headlines. It comes down to the age-old dynamic of supply and demand, …
Texas Business Owners Sue State Over HUB Program Removal
Four business owners and a trade association sued the state of Texas on Monday, seeking to reverse acting Comptroller Kelly Hancock’s emergency rules altering a state program intended to give additional exposure to economically disadvantaged groups in government contracting. During …
NextEra Utility Giant Agrees to $8M Settlement in Employee Retirement Class Action
Florida-based NextEra Energy Inc., one of the world’s largest electric utilities, has settled a class-action lawsuit, agreeing to pay $8 million to some 20,000 employees who said the company had mishandled retirement funds. Plaintiffs’ attorneys’ fees should not exceed 33% …
People Moves: Holmes Murphy Adds Julik in North Dakota
Holmes Murphy announced its expansion into North Dakota with the hiring of Mark Julik. Julik joins Holmes Murphy with a wealth of insurance and construction–industry expertise, shaped by more than 18 years at Marsh McLennan Agency. During his tenure as …
London Marine Insurers Widen High-Risk Zone in Mideast Gulf as Conflict Escalates
London’s marine insurance market has widened the area in the Gulf it deems as high risk as the conflict in the Middle East escalates, according to an advisory issued on Tuesday. Guidance from the Joint War Committee, which comprises syndicate …
People Moves: TDCI, Hilb Announce New Roles, New Faces
The Tennessee Department of Commerce and Insurance announced personnel changes at the department this week. Michael Barber, with 20 years of experience in the insurance industry, was named director of the Consumer Insurance Services section. Barber joined TDCI in 2018 …
‘Black Swan’ Risks Stalk Container Carriers in Avoiding Iran War
The Iran conflict has thrust container shipping from an industry bracing for a capacity glut to another potential “black swan” supply crunch. That paradigm shift dawned on the more than 3,500 importers, freight forwarders and ocean carriers gathered this week …
Judge Rejects Shell’s Bid to Overturn Arbitration Award With Venture Global
A New York state judge on Monday rejected British oil major Shell’s request to throw out an arbitration award that favored Venture Global in a dispute over the American company’s alleged improper sale of liquefied natural gas. Justice Joel Cohen …
