Insurance

Gambling giant MGM Resorts International says it did nothing wrong in its dealings with a New York City man who accuses it of preying on his gambling addiction with repeated cash bonuses intended to keep him gambling. In court papers, …

CAMDEN, N.J. (AP) – Jurors in federal court have awarded $25.6 million to a former Starbucks regional manager who alleged that she and other white employees were unfairly punished after the high-profile arrests of two Black men at a Philadelphia …

A woman whose car was captured on video vaulting into the air over a tow truck and crashing onto a Georgia highway says she’s recovering after spending two weeks in a hospital and undergoing several surgeries. “I don’t really remember …

A webinar briefing hosted by California Insurance Commissioner Ricardo Lara this week to ease concerns about deteriorating market conditions left insurance agents with more questions than answers, according to a group that represents agents. Agents are experiencing difficulty placing automobile …

A jury on Wednesday ordered the electric utility PacifiCorp to pay punitive damages for causing devastating wildfires in Oregon in 2020 – on top of an earlier verdict already expected to amount to billions of dollars. The decision came two …

A study out this week shows that nearly all of the observed increase in summer wildfires in California over the past half-century is attributable to man-made climate change. An international team of scientists looked at data from record-breaking summer forest …

This edition of International People Moves details appointments at Howden Broking, Aon and Everest Re. A summary of these new hires follows here. Howden Hires 3 for Casualty Team in London, Bermuda Howden, the international insurance broker, announced the appointment …

High Definition Vehicle Insurance, a commercial auto insurance provider, launched its insurance products for commercial trucking fleets in Oklahoma, effective July 1. HDVI used approximately 3.5 billion miles of telematics data to build a proprietary risk model, the company said. …

Atain Hires Trimble as Chief Underwriting Officer Atain Insurance Companies has hired Linc Trimble as its chief underwriting officer. Trimble worked as a consultant with Atain leadership since February and started his new role on June 1. Attain is headquartered …

A rise in first quarter losses in the homeowners insurance line of business primarily put U.S. property/casualty underwriting results in the red, according to AM Best. The U.S. P/C industry booked a $8.2 billion underwriting loss during for the first …