Insurance
Insurer Not Liable if Bank Improperly Cashes Insurance Check, Appeals Court Finds
Insurance carriers are not responsible if a bank improperly cashes a check made out to two insureds and gives the proceeds to only one of them, a federal appeals court decided this week. The U.S. 11th Circuit Court of Appeals …
Read More Landmark Admin Reports Data Breach, Exposing 800,000 Users’ Information
Landmark Admin filed a notice of data breach last week after detecting suspicious activities on its system in May. Landmark is a Texas-based company that provides third-party administrative solutions for life insurance carriers, Approximately 800,000 users’ data were exposed in …
Read More Texas Pharmacy Owner Sentenced in $41M Health Insurance Fraud
A Dallas pharmacy owner who routinely billed insurance companies for headache sprays, pain creams, and scar creams never dispersed to patients was sentenced last week to 10 years in federal prison, announced U.S. Attorney for the Northern District of Texas …
Read More Louisiana DuPont Plant Fined $480K for Releasing Cancer-Causing Chemical
RESERVE, La. (AP) — A chemical manufacturing plant west of New Orleans has agreed to pay a $480,000 federal fine and install equipment to stop the release of a cancer-causing chemical from a storage tank and pipe. The consent agreement …
Read More Former Principal of Missouri Boarding School Charged with Sex Crimes Involving Student
A former principal at a Christian boarding school in Missouri that closed in March amid abuse allegations has been charged with sex crimes involving a former student. Craig Wesley Smith Jr. was charged by the prosecutor in Wayne County in …
Read More Clear Group Acquires UK Broker A-One Insurance Group
The Clear Group, the London-based independent insurance broker, announced the acquisition of A-One Insurance Group (A-One), a major commercial insurance broker in the south of England. Financial details of the transaction were not disclosed. Clear said this latest deal is …
Read More Missouri Jury Asked to Award More Than $6B in Preterm Formula Case
A lawyer for a Missouri mother on Wednesday asked a jury to make Abbott ABT.N and Reckitt’s RKT.L Mead Johnson pay a total of more than $6 billion in the latest trial over claims that the companies’ formulas for premature …
Read More Federal Court Upholds New York’s Ban on Guns in Sensitive Places
A recent Supreme Court decision doesn’t mean New York can’t enforce laws banning firearms from “sensitive” places such as public transportation, hospitals and schools, a federal appeals court said last week, repeating findings it made a year ago. The 2nd …
Read More Lemonade Remains in the Red With $68M Loss in Q3
Insurtech Lemonade reported a third quarter 20243 net loss of nearly $68 million and a year-to-date loss of $172.2 million. Results were in comparison to a net loss of $61.5 during the same quarter and a loss of $194.5 as …
Read More Judge Affirms $16.7K in OSHA Penalties Against New York Roofing Contractor
An administrative law judge has ordered a Rochester, New York commercial roofing company to pay $16,782 in penalties for safety violations, after an investigation and litigation by the federal government. The company, Elmer W. Davis Inc., had contested citations for …
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