Insurance
5th Circuit Largely Sides With Louisiana Sheriff`s Deputies Accused in Lawsuit of Using Excessive Force
NEW ORLEANS (AP) – A federal appeals court has largely sided with two white Louisiana sheriff`s deputies in a lawsuit filed by a Black woman, rejecting her claims that they used excessive force against her as they investigated an allegation …
Read More Kansas Insurance Companies to See Reduced Surplus Lines Tax Rate in 2024
Insurance companies in Kansas will pay a reduced surplus lines tax rate beginning next year after the legislature passed a law lowering the surplus tax rate from 6% to 3% for tax years 2024 and after. Kansas insurance Commissioner Vicki …
Read More Markets/Coverages: Howden Launches European Cyber & Tech E&O Facility
Howden, the global insurance group, today announces the launch of one of the first dedicated European cyber and technology errors & omissions line slips for primary business. The product is led by Canopius and IQUW with support from three other …
Read More Former Jacksonville Jaguars Financial Manager Accused of Stealing $22M from Team
JACKSONVILLE, Fla. (AP) — A former financial manager for the Jacksonville Jaguars has been accused of stealing more than $22 million from the franchise through its virtual credit card program between 2019 and 2023, according to a seven-page court filing. …
Read More Service Workers Union Asks Feds to Oversee South Carolina’s ‘Lax’ Safety Agency
COLUMBIA, S.C. (AP) — One of the largest labor organizations in the United States petitioned the federal government on Thursday to wrest workplace safety oversight from South Carolina regulators accused of failing to protect service employees. South Carolina is one …
Read More Florida Governor’s Budget Would Slice Premium Taxes and FIGA Assessment
Florida Gov. Ron DeSantis and the state’s insurance commissioner have touted the governor’s 2024-2025 state budget, released this week, as a $431 million relief package for Florida homeowners struggling with escalating property insurance premiums. Insurance industry lobbyists, consultants, professors and …
Read More Boy Scout Abuse Claims Fund Shouldn’t Pay $21M in Lawyers’ Fees, Judge Says
The judge presiding over the Boys Scouts of America’s bankruptcy has rejected a $21 million fee request from attorneys hired by law firms representing survivors of child sexual abuse. A group of personal injury firms called the Coalition of Abused …
Read More US P/C Industry Turns in $32.2B Underwriting Loss After 9 Months
U.S. property/casualty underwriting results deteriorated during the first nine months of 2023 to a loss of $32.2 billion. The result, highlighted in short financial review from AM Best, is $7.6 billion than the same period a year ago. The blame, …
Read More Shadow-Fleet Oil Tanker Runs Aground Near Singapore
A shadow-fleet oil tanker that had previously falsified its location to avoid detection on digital ship-tracking systems ran aground near Singapore, a stark reminder of the environmental risks that such vessels pose. A spokesman for the Indonesian navy said the …
Read More Climate Change, El Niño Bring T-Shirt Weather in December for Northern Hemisphere
It’s the cusp of winter in the Northern Hemisphere, but in many places from the US to Japan, it feels more like spring — and forecasters say that’s a sign of what to expect over the next couple of months, …
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