Insurance
Germany’s Talanx Buys Liberty Mutual’s Latin American Business for 1.38 Billion Euros
Germany’s Talanx said on Saturday it had acquired Liberty Mutual Insurance’s Latin America business for about 1.38 billion euros ($1.52 billion), through its subsidiary HDI International. “The acquisition encompasses Liberty’s retail business in Brazil, Chile, Colombia and Ecuador,” Talanx said, …
Read More Tipster On Ericsson Won SEC’s Largest Ever $279M Whistleblower Award
The record $279 million whistleblower award issued by the U.S. Securities and Exchange Commission earlier this month stemmed from a bribery case against Swedish telecommunications company Ericsson, the Wall Street Journal reported on Friday. The award from the regulator’s cash-for-tip …
Read More State Farm to Cease Accepting New Applications for Business and Personal Lines P/C in California
An insurer group was quick to respond over the weekend after State Farm announced it will cease accepting new applications for business and personal lines property/casualty in California. The American Property Casualty Insurance Association on Saturday said inflation has increased …
Read More Midwest States Consider Relaxing Child Labor Laws to Address Worker Shortages
MADISON, Wis. (AP) – Lawmakers in several states are embracing legislation to let children work in more hazardous occupations, longer hours on school nights and in expanded roles including serving alcohol in bars and restaurants as young as 14. The …
Read More New Orleans TV Station Airs MMA Partner’s Admissions During Staff Meeting
A New Orleans television station broadcast an audio recording of a founding partner of the McClenny Moseley & Associates law firm admitting that his law firm used a roofing company and a marketing firm to sign on clients. 4WWL’s Eyewitness …
Read More Fatal Blaze at Texas Refinery to Result in Lawsuits Against Oil Refiner Marathon
HOUSTON – Attorneys representing the family of a worker who was killed in a fire at a Texas City, Texas, refinery and another worker who was hospitalized said on Wednesday they have filed or would soon file injury claims against …
Read More Florida DFS Charges Claims Adjuster with Submitting $24,000 in Fraudulent Auto Claims
Florida investigators have charged a former Progressive Insurance claims adjuster with fraud, alleging that she used claimants’ identities to submit fraudulent auto claims, then pocketed almost $24,000 in settlements. Kiyuana R. Pasley, 41, of Homestead, was an adjuster at Progressive …
Read More Illinois Catholic Clergy Abuse Report Could Prompt Lawsuits, Changes to State Law
CHICAGO (AP) – Illinois’ attorney general has ended a five-year investigation into sexual abuse of children by Catholic clergy in the state, releasing a nearly 700-page report that revealed the problem was far worse than the church acknowledged in 2018 …
Read More EEOC Warns Employers to Check AI Workplace Monitoring Tools for Bias
The head of the U.S. agency charged with enforcing civil rights in the workplace says artificial intelligence-driven “bossware” tools that closely track the whereabouts, keystrokes and productivity of workers can also run afoul of discrimination laws. Charlotte Burrows, chair of …
Read More Former Root CMO Accused of Stealing Millions Spending ‘Lavishly’; Judge Appoints Receiver
According to court records, Root Inc’s former chief marketing officer – accused of stealing about $10 million from the company – has not made court appearances, spent money in violation of court orders, and has a bench warrant out for …
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