Insurance
While One Suit Over Citizens’ DOAH Hearings is Dropped, Drama Builds in Another
A federal judge agreed to dismiss a lawsuit brought by a 92-year-old Miami homeowner claiming that a state-run arbitration agency deprives policyholders of their constitutional rights when reviewing claims disputes against Citizens Property Insurance Corp. “The dismissal is effective immediately …
Read More Anthropic Agrees to Pay $1.5 Billion to Settle Authors’ Copyright Class Action
Anthropic told a San Francisco federal judge on Friday that it has agreed to pay $1.5 billion to settle a class-action lawsuit from a group of authors who accused the artificial intelligence company of using their books to train its …
Read More California Labor Commissioner Cites Los Angeles Restaurant $680K
The California Labor Commissioner’s Office cited J BBQ, a Koreatown restaurant, more than $680,000 for wage theft violations. A total of 48 workers were impacted by the violations, which included unpaid wages, denied breaks, and inaccurate wage statements, according to …
Read More Public Speaks Out on How Pennsylvania Should Spend Opioid Settlement Funds
An attorney advocated for allowing opioid settlement money to be spent on public defenders. A prevention expert talked about effective strategies for deterring substance misuse in the first place, cautioning against one-time speakers at assemblies. Multiple family members who lost …
Read More Ryan Specialty Launches New Sidecar to Support its Delegated Underwriting
International specialty insurer Ryan Specialty announced the formation of a new collateralized reinsurance vehicle called Ryan Alternative Capital Re, Ltd. (RAC Re) RAC Re will deliver additional capacity to Ryan Specialty Underwriting Managers’ portfolio of syndicated delegated authority P/C insurance …
Read More Smith to Replace Retiring Gunn as Deputy Commissioner at ALDOI
The Alabama Department of Insurance has promoted Dusty Smith to the role of deputy commissioner, replacing Jimmy Gunn, who is retiring after 36 years at the department. Smith, a former insurance agent, joined the department in 2011 and has served …
Read More Containment Grows on Wildfires That Forced Evacuations, Destroyed Buildings
Firefighters are slowly gaining on several wildfires burning in the foothills of the Sierra Nevada area, forcing evacuations and destroying buildings in a historic mining town. The TCU September Lightning Complex fires, which were started by numerous lightning strikes that …
Read More RBC BlueBay Says ESG Is ‘Extremely Important’ for Investors
Even after more than three years of Republican-led attacks against environmental, social and governance investing, the strategy is still “extremely important,” according to RBC BlueBay Asset Management. “Focusing on ESG as part of your investment framework can genuinely help you …
Read More Apollo Settles Fight With Ex-Athene Executives Before Trial
Apollo Global Management Inc. resolved a lawsuit against two former executives of insurance unit Athene Holding Ltd. just days before the matter was set to go to trial. In a Wednesday filing in New York state court, the private equity …
Read More Publisher Gannett Wins Dismissal of Nearly All of Journalists’ Job Bias Lawsuit
Gannett, the largest U.S. newspaper publisher, won the dismissal of most of a lawsuit, including all class action claims, alleging its diversity policies led to widespread discrimination against white journalists. U.S. District Judge Rossie Alston said on Wednesday the plaintiffs …
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