Insurance
Theft of Frozen Beef in Nebraska Uncovers Midwest Crime Ring
An investigation into the theft this summer of several semitrailers loaded with frozen beef from Nebraska has led to arrests and uncovered a multimillion-dollar theft ring targeting meatpacking plants in six Midwestern states, federal authorities said. The U.S. Department of …
Read More Families of 2 Killed at Astroworld Settle Lawsuits
The families of two people who died during last year’s Astroworld music festival have settled wrongful death lawsuits they had filed, according to attorneys. Ten people were killed and hundreds of others injured during a massive crowd surge at the …
Read More Judge Threatens to Sanction Law Firm that Filed Hundreds of La. Hurricane Lawsuits
A federal judge in Louisiana is threatening to fine a Houston-based law firm $200 for each duplicate or baseless lawsuit he finds among the 1,642 that the firm has filed against insurers for alleged hurricane damages. US District Court Judge …
Read More The Top 3 Questions Agents Ask about Builders Risk
Design on a Dime, Property Brothers, Man Cave, This Old House, Flip or Flop — These popular TV shows draw millions of viewers with stories featuring renovations of run-down or dated homes. Television producers don’t tell you that the contractor …
Read More Kentucky Army Base Fighting Fire that Started in Training Area
Fort Campbell staff are using controlled burn techniques to manage a fire that started in a training area last week, base officials said. The fire started near Trigg County, Kentucky, during routine training. Clinton Allen, branch chief of public works …
Read More Tesla Faces U.S. Criminal Probe Over Self-Driving Claims
Tesla Inc. is under criminal investigation in the United States over claims that the company’s electric vehicles can drive themselves, three people familiar with the matter said. The U.S. Department of Justice launched the previously undisclosed probe last year following …
Read More Lindberg Owes Penalties for Failing to Report Foreign Accounts, IRS Says in New Filing
The legal and financial troubles for former North Carolina insurance executive Greg Lindberg have not gone away after he won a new trial on bribery charges. This week, the U.S. Treasury filed a complaint in federal court, charging that Lindberg …
Read More Cities Must Bargain Over Termination of Injured Workers: New York High Court
New York labor law requires a municipality to negotiate when terminating employees who are not at work for over a year because of an on-the-job injury, the New York Court of Appeals has ruled. The state’s high court ruling reverses …
Read More Auto Policyholders’ Claims Satisfaction Wanes: J.D. Power
Well documented are the pains insurers are facing while trying to keep up with rising claims frequency and severity in auto lines. J.D. Power’s newest study on claims satisfaction reveals the frustration has trickled to consumers. The J.D. Power 2022 …
Read More Aegon to Merge Dutch Arm With Insurer ASR Nederland in $4.9 Billion Deal
Aegon NV is combining its operations in the Netherlands with insurer ASR Nederland NV, in a bid for market dominance in the pension, life and non-life insurance sectors. Aegon agreed to a conditional deal for a total consideration of €4.9 …
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