Insurance
Mall of America Settles Lawsuit Over Boy Thrown From Balcony
MINNEAPOLIS (AP) – The Mall of America in suburban Minneapolis said Monday that it will toughen its trespassing policies as part of a settlement with the family of a boy who was severely injured when a man with a history …
Read More South Dakota Social Services Agency Fined $320K
Rural Office of Community Services Inc., a Wagner, South Dakota-based social services agency, which serves low-income families and individuals across multiple locations in South Dakota, will pay $320,000 in monetary relief to a class of affected employees to voluntarily resolve …
Read More Sentry to Open Field Office in El Paso, Texas
Sentry Insurance announced it has selected El Paso, Texas, as the location of its newest field office. The office is set to open in early 2023 and will provide both personal and commercial lines claims and customer service support. Sentry …
Read More Two Killed in Explosion at Virginia Welding Business
VIRGINIA BEACH, Va. (AP) — Two people were killed Monday when a storage tank exploded at a Virginia welding business, a fire official said. Firefighters responded to Neptune Welding on Virginia Beach Boulevard just after 11 a.m., news outlets reported. …
Read More Hub Acquires Assets of Invensure Insurance Brokers in California
Hub International Limited acquired the assets of Invensure Insurance Brokers Inc. in Irvine, California. Robert Parent, CEO, and Charlene Richards, Executive Vice President, and the Invensure team will join Hub Los Angeles/Orange County. Invensure is a privately held insurance and …
Read More Hot Oldies, But Goodies in Collector Car Market for 2023: Hagerty
Classic car buyers in 2023 will want a diverse range of vehicles, including microcars, muscle cars, sport cars, and even exotics, according to specialty insurance provider, Hagerty. Hagerty released its 2023 U.S. Bull Market list, an annual collection of enthusiast …
Read More Fraudulent Funds Transfer, Ransomware Are Main Drivers of Cyber Loss: Corvus
According to new data from Corvus Insurance, fraudulent funds transfer (FFT) continues to generate substantial losses for organizations. FFT comprised 36% of of the company’s cyber claims – an all-time high – during the third quarter of 2022. This metric …
Read More Workers’ Comp Board Upheld in Banning Chiropractor Accused in Kickback Probe
The New York State Workers’ Compensation Board acted within its authority when it barred a chiropractor accused of taking kickbacks from treating injured workers, a state appellate court ruled Thursday. The Third Department of the Appellate Division affirmed the dismissal …
Read More North Carolina Attack Shows Fragility of U.S. Power Grids, Experts Say
The attacks that left two electrical substations in North Carolina riddled with gunfire and knocked out power to 45,000 homes and businesses underscores the fragility of US grids, experts said Monday. The FBI is investigating the assault that extensively damaged …
Read More Insurance Commissioner Urges Flexibility After Attacks Knocked Out Power in NC
North Carolina’s insurance commissioner has asked insurers to give policyholders affected by power outages grace periods on paying premiums and filing claims. “This criminal act has had a significant impact on nearly 45,000 residents,” Commissioner Mike Causey said in a …
Read More