Insurance
Consumers Seek $2.36B From Google After Privacy Verdict
U.S. Google users who won a $425 million jury verdict in a consumer privacy class action last month have asked a federal judge to force the Alphabet unit to forfeit an additional $2.36 billion in profits. The consumers in an …
Read More Florida’s Universal P&C Reports Strong Profits, Policy Growth for Q3
Universal Insurance Holdings, parent company of Florida’s third-largest property insurer, reported an improved bottom line for the third quarter this year, even with a steady increase in policies in recent months. After shedding more than 160,000 policies in the turbulent …
Read More Plan to Sell Golf Course Built on Slave Graves Sparks Outrage in Florida’s Capital City
A dark history long buried under the towering live oak trees and manicured lawns of a country club in Florida’s capital city of Tallahassee is reviving painful memories of the community’s segregated past and fueling some residents’ calls for a …
Read More Employee Accused of Stealing 47 Vehicles From Car Rental Site at Airport
An employee allegedly stole 47 vehicles from an Avis Budget site at an upstate New York airport and rented them out around the region, police said Friday. The car rental company reported to authorities that the vehicles, worth more than …
Read More California Commissioner Asks Insurers for Policyholder Relief During Shutdown
California Insurance Commissioner Ricardo Lara issued a formal notice asking insurance companies to implement protective measures, including a moratorium on cancellations, for policyholders who may be impacted by the federal government shutdown. According to the California Department of Insurance, the …
Read More Intruders Release Mink From Iowa Farm in What Trade Group Calls ‘Terrorist Act’
One or more intruders broke into an Iowa mink farm and released 2,000 of the furbearing animals in what a trade group called a “terrorist act” under federal law. Sometime between last Monday night and Tuesday morning, fencing was cut …
Read More South Dakota Company Recalls Pork Jerky That May Contain Metal Wire
A South Dakota company is recalling more than 2.2 million pounds (998,000 kilograms) of Korean barbecue pork jerky sold at Costco and Sam’s Club stores because the product may be contaminated with pieces of metal, federal health officials said Friday. …
Read More Jury Awards $40M to Family of Louisiana Man Who Died in Privately-Run Jail
A federal jury found a private company running a Louisiana jail liable for the 2015 death of a man who died of head injuries he received while in custody, and awarded the family more than $40 million in damages. Attorneys …
Read More Bishop Street Underwriters Launches MGA Incubator
Bishop Street Underwriters announced the rollout of Bishop Street Program Managers (BSPM), an incubator for developing managing general agents (MGA). Embedded within Bishop Street’s ecosystem and backed by its $600 million gross written premium platform, BSPM promises to provide the …
Read More Delaware Workers’ Compensation Rates Dropping Again
Delaware’s workers’ compensation insurance rates paid by employers will decrease for the ninth year in a row, effective December 1. The voluntary private market average loss costs are expected to drop by 11.6%, while the residual market for high risk …
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