INSURANCE NEWS
Washington Commissioner Fines Molina $100K for Billing Errors
Washington Insurance Commissioner Mike Kreidler fined Molina Healthcare of Washington $100,000 on Tuesday for errors in the company’s enrollment and billing system. Kreidler’s office opened a review of Molina’s enrollment and billing system in 2021 after a significant increase in …
Connecticut Weighs Ban on Legacy Admissions at Private and Public Colleges
Connecticut lawmakers are considering banning the use of legacy and donor preferences in admissions to all colleges and universities across the state, including private ones like Yale University. A bill was advanced to the Senate floor on Thursday, days after …
Landslide Destroys Los Angeles Home, Threatening at Least 2 Others
A landslide reduced a Los Angeles house under renovation to a jumble of lumber, pulled the pool and deck away from a second home, and left the pool at a third residence on the edge of a huge fissure. The …
People Moves: Moscowitz New COO at RT Specialty; Williams to Lead Nationwide’s Small Market Commercial Lines
Moscowitz New COO at RT Specialty RT Specialty promoted Marissa Moscowitz to chief operating officer. Moscowitz has over 15 years of information technology, business intelligence and business operations experience and has been with RT Specialty since 2019. With Chicago’s RT …
Lockton Partners With Food Science Specialist to Mitigate Risk in Food & Drink Sector
Insurance broker Lockton announced a collaboration initiative with the food science company Campden BRI, a leading food science company, to support the food and drink industry and provide key risk mitigation and management support in the face of an evolving …
Dollar Tree Down Most Since May on Plan to Shut 1,000 Stores
Dollar Tree Inc. plans to shutter about 1,000 stores in an effort to improve profitability as the discount retailer battles a spate of litigation and other headwinds. The company expects to close about 600 Family Dollar stores in the first …
Hamilton Insurance Group Sponsors Catastrophe Bond Easton Re
Hamilton Insurance Group Ltd., the Bermuda-based re/insurer, announced the sponsorship of a new catastrophe bond through the issuance of Series 2024-1 notes by Easton Re Ltd. Easton Re will provide the company’s operating platforms with risk transfer capacity of $200 …
EU Backs Supply Chain Audit Law After Italy Switches Sides
European Union governments backed a proposed law requiring large companies in the bloc to check if their supply chains use forced labor or cause environmental damage after Italy switched sides. A “qualified majority” of 15 EU countries making up 65% …
Pilot-Seat Blunder Led to Latam Mid-Air Plunge: WSJ Report
A mishap with a cockpit seat may have thrust the pilot into the controls of a Boeing Co. 787 plane flying to New Zealand this week, triggering the sudden plunge that injured 50 passengers, the Wall Street Journal reported, citing …
Worker Caught in Conveyor Belt at Georgia Plant While Retrieving Earbuds
An investigation is underway after a worker at a golf cart manufacturer in Georgia was caught in a conveyor belt and fatally injured. Multiple news reports said a contract worker, Alyssa Drinkard, age 21, had dropped one or more of …
Smartphone Screen Repairs Surge to $8.3B in 2023: Allstate Protection
While smartphone use is rising, fewer phones are suffering damage that requires repairs or replacement. Good thing, because users can hardly part with smartphones long enough to get them fixed. In its latest Mobile Mythconceptions Surveys, Allstate Protection Plans found …
Texas Cities Grow Fastest in US as NYC Keeps Losing People
Texas cities dominated the list of US metro areas with the biggest population increase last year, claiming four spots in the top 10. The Dallas-Fort Worth area topped the rankings with a population gain of nearly 153,000 during the 12 …