Insurance
Crews Battle Wildfires Across Parts of North and South Carolina
South Carolina’s governor declared a state of emergency this week as dozens of wildfires burned across parts of North and South Carolina, causing evacuations, minor property losses and unhealthy air quality. State, local and national news sites reported that more …
Read More Italian Businessman Caltagirone Raises Stake in Generali to 8%, MF Daily Says
Italian businessman Francesco Gaetano Caltagirone has recently raised his stake in insurer Generali to 8%, MF newspaper reported on Tuesday, citing financial sources. A spokesperson for Caltagirone had no immediate comment. According to MF, the businessman strengthened his position in …
Read More Texas Lawsuit Alleges GEICO Raises Premiums Despite Accident Forgiveness Promise
A class action lawsuit filed in Texas alleges GEICO doesn’t abide by its Accident Forgiveness program when a driver with an unblemished record gets into a first, at-fault accident. Texas resident Christopher Cude sued GEICO on Feb. 25, alleging the …
Read More Kraken Is Latest Crypto Firm to Say SEC Agrees to Drop Lawsuit
Kraken said the US Securities and Exchange Commission has agreed in principle to drop its lawsuit against the cryptocurrency exchange, the latest in a series of dismissals of legal actions against crypto companies by the market regulator. There will be …
Read More Verisk Webinar Highlights Emerging Psychoactive Substance Risks
As public perception and the legality of cannabis and other novel psychoactive substances continue to evolve, what emerging risks and litigation should insurance professionals keep an eye on? Last week, Verisk Analytics hosted a webinar to answer those questions and …
Read More New England Waters Warming More Slowly But Temps Remain High
SCARBOROUGH, Maine (AP) — The waters off New England had another warm year but didn’t heat up as fast as earlier this decade, bucking a trend of higher warming worldwide, said scientists who study the Atlantic Ocean near Maine. The …
Read More After Breakup With Spring Breakers, Miami Beach Says No to Getting Back Together
MIAMI BEACH, Fla. (AP) — Miami Beach broke up with spring break last year and city leaders still aren’t interested in couples counseling. Officials recently announced they were bringing back enhanced security measures for practically the entire month of March, …
Read More With Unrevealed Previous Injury, Later Claim Cannot be Denied, Georgia Court Says
Defending workers’ compensation claims from employees who have not disclosed previous injuries may have just become a little more complicated for employers and insurance carriers in Georgia. The Georgia Court of Appeals last week found that a long-standing defense against …
Read More Washington Senate Passes Restitution, Credit Scoring Study Bills
The Washington state Senate passed three bills with insurance implications on Monday, including a bill giving the insurance commissioner the authority to order restitution to harmed policyholders and a bill studying the impacts of insurance rating factors like credit scores. …
Read More Missouri Man Admits to Stealing Railroad Equipment on 33 Occasions
A Missouri man on Friday admitted stealing railroad equipment on 33 occasions in Missouri and Illinois, costing railroads more than $1.5 million. Jesse Henry, 21, of Laclede County, Missouri, pleaded guilty in U.S. District Court in St. Louis to one …
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