INSURANCE NEWS
Michigan Town to Pay $320K to Japanese Man Wrongly Accused of Drunken Driving
A Michigan village has agreed to a $320,000 settlement with a man from Japan who was wrongly accused of drunken driving after a police officer badly misread a breath test, court records show. Ryohei Akima blew a 0.02 on the …
Hub International Acquires Pair of Michigan Agencies
Hub International Limited, a global insurance brokerage and financial services firm, announced that it has acquired A.S. Arbury and Sons, Incorporated (Arbury Insurance Agency) and the assets of Michelle L. Everett, Inc. (Michigan Insurance Associates). Terms of the transaction were …
People Moves: Lockton Re Taps Lewis From Zurich to Lead Cyber Practice in N. America; Sedgwick Names Liberty Mutual’s Fink as Chief Marketing Officer
Lockton Re Taps Lewis From Zurich to Lead Cyber Practice in North America Lockton Re, the reinsurance business of independent insurance broker Lockton, announced that Brian Lewis has joined as senior broker leading the Cyber Practice for North America and …
Markets/Coverages: Falvey Launches Commercial Output Insurance
Falvey Insurance Group announced the launch of Commercial Output insurance – coverage designed to cater to the diverse insurance needs of businesses in the manufacturing, institutional, industrial, and commercial sectors. Crafted by Falvey’s inland marine managing general agency (MGA), the …
Federal Appeals Court Puts Florida’s ‘Stop Woke’ Act to Sleep as Speech Violation
Florida’s so-called “stop woke act,” championed by Gov. Ron DeSantis, violates businesses’ and employees’ First Amendment free speech rights, a federal appeals court ruled Monday in striking down the 2022 law. “This law, as Florida concedes, draws its distinctions based …
Many Texas Panhandle Homes Burned in Wildfires Weren’t Insured
FRITCH — Many Panhandle residents whose dwellings and possessions burned in the region’s ongoing wildfires may never financially recover for one simple reason: Their homes weren’t insured. “A lot of the people who have lost a home had no insurance,” …
Toyota Recalls 380,000 Trucks Over Axle Issue That Could Raise Risk of Crash
Toyota Motor said Friday it is recalling about 380,000 trucks in the United States over an axle issue that could increase the risk of a crash. The recall covers 2022 and 2023 model year Tacoma vehicles because an axle shaft …
Lawsuit Claims Isolation and Abuse at Wyoming Boys School
Staff at Wyoming’s state youth detention facility locked juveniles in solitary confinement for weeks at a time, repeatedly buckled one in a restraint chair for up to 12 hours a day and poked fun at another while withholding the leg …
Physician Group Asks US to Make Funds Available to Doctors Hurt by Change Hack
Influential U.S. doctors’ group the American Medical Association (AMA) on Monday asked the Biden Administration to make emergency funds available to physicians hurt by ongoing problems created by the hack of UnitedHealth’s Change Healthcare unit. The AMA said the cyberattack …
Berkshire Unit Added to Lawsuit Over Inflated Real Estate Commissions
A unit of Warren Buffett’s Berkshire Hathaway was added on Monday to a lawsuit accusing the National Association of Realtors and several brokerages of conspiring to keep real estate commissions artificially high nationwide. The complaint filed in a Kansas City, …
6 Firefighters Injured in Collision of 2 Firetrucks Heading to Burning House
Authorities say a collision between two firetrucks responding to a blaze in northeastern Pennsylvania injured six firefighters. Officials in Luzerne County say a rescue truck from Valley Regional Fire and Rescue collided with a ladder truck from Hazle Township just …
Volkswagen Faces Pair of Lawsuits Over Claim Porsche EV Battery Sparked Ship Fire
Volkswagen AG faces a pair of lawsuits in Germany over claims it was the battery in a Porsche electric vehicle that triggered the 2022 fire onboard a massive cargo ship that eventually sank with thousands of cars on board. One …