INSURANCE NEWS
SCOTUS Declines to Hear Exxon, Koch Industries Appeal on Venue in Climate Case
The U.S. Supreme Court on Monday declined to hear a bid by major fossil fuel companies and an industry trade group to move a lawsuit filed by Minnesota accusing them of worsening climate change out of state court and into …
How Loggerhead Moved to Snap Up 110,000+ Progressive Policies in Florida
In early 2021, former executives with the Auto Club Insurance Co. of Florida, affiliated with AAA, decided to form a new property insurance company in Florida — even before state lawmakers made monumental changes that curbed claims litigation and costs. …
Tim Temple Sworn in as Louisiana Insurance Commissioner
Tim Temple was sworn in as Louisiana Insurance Commissioner at noon Monday. Temple won election for the state’s top insurance official in October after his opponent dropped out of the primary. Temple replaces Jim Donelon, who had served as commissioner …
Houston Yet to Allocate $200 Million in Federal Relief Funds to Hurricane Harvey Victims
More than six years after Hurricane Harvey flooded thousands of homes and killed more than 80 people on the Texas Coast, the city of Houston has yet to allocate $200 million in federal relief funds to victims, according to the …
Iowa Supreme Court Upholds Decision to Bar Late Expert Reports in Workers’ Comp Case
The Iowa Supreme Court on Friday reinstated a deputy workers’ compensation commissioner’s decision to bar reports that were submitted too late by experts who weren’t certified, reversing decisions by the district court and Court of Appeals. The high court said …
Michigan Sees Decrease in Uninsured Motorists Following Auto Insurance Reform
Michigan reported the largest decrease in uninsured motorists of any state between 2020 and 2022, according to a recent study by the Insurance Research Council. Michigan’s uninsured motorist rate dropped by more than 6% between 2020 and 2022. The study …
Airlines Cleared to Inspect Grounded Boeing Jets After Mid-Air Incident
A delay in the inspection of grounded Boeing jets ended on Monday after U.S. officials retrieved a panel that blew off an Alaska Airlines 737 MAX 9 airliner and shares in the planemaker sagged on concerns over the troubled jet …
People Moves: Everest Re Promotes Wallace as Head of UK Branch and CUO; Swiss Re Corporate Solutions Names Rüsch as Head of DACH Region
This edition of International People Moves details appointments at Everest Reinsurance and Swiss Re Corporate Solutions A summary of these new hires follows here. Everest Re Promotes Wallace to Head of UK Branch and CUO Everest Reinsurance, the reinsurance division …
J&J to Pay $700 Million to Settle States’ Talc-Marketing Probe
Johnson & Johnson has tentatively agreed to pay about $700 million to resolve an investigation by more than 40 US states of claims that it wrongfully marketed its talc-based baby powder by not warning about possible health risks, according to …
Rokstone to Grow N.A. Marine Portfolio With $25M Allianz-Backed Partnership
Specialty MGA Rokstone of the Aventum Group announced a significant enhancement to its North American marine operations. Allianz Commercial has committed a $25 million facility to Rokstone. This latest deal will provide Rokstone’s North American wholesale Marine Specialty business, led …
China Broker TIAN RUIXIANG Agrees to Buy Hong Kong’s Peak Consulting Services
TIAN RUIXIANG Holdings Ltd., the Beijing, China-based insurance broker, announced its subsidiary TRX HongKong Investment Ltd., has entered into a memorandum of understanding (MoU) to acquire Hong Kong insurance broker Peak Consulting Services Ltd. Financial terms of the proposed deal …
Customer Sues Dunkin Donuts Over ‘Exploding’ Toilet in Florida
ORLANDO, Fla. (AP) — A customer has filed a negligence lawsuit against Dunkin`, claiming he was injured by an exploding toilet at one of the coffee chain`s locations in central Florida. Paul Kerouac is seeking more than $100,000 in a …