INSURANCE NEWS
Bayer’s Supreme Court Win in Roundup Case No ‘Silver Bullet’
After years of legal setbacks that have cost billions of dollars over its top-selling Roundup weedkiller, Bayer AG finally got a resounding win in the biggest tribunal of all. The US Supreme Court threw out a jury verdict won by …
Endless Shrimp Deal Was Scheme to Squeeze Red Lobster, Suit Says
Red Lobster’s $20 all-you-can-eat shrimp deal wasn’t just a badly designed promotion that inadvertently helped tip the iconic American restaurant chain into bankruptcy. It was part of a scheme to “squeeze every drop of value” from Red Lobster for the …
The Doctors Group Completes $1.3B Purchase of ProAssurance Med Mal Provider
More than a year after it announced plans to buy Birmingham, Alabama-based ProAssurance, The Doctors Company said it has completed the billion-dollar acquisition. The Doctors Company, headquartered in Napa, California, acquired all outstanding shares of ProAssurance for $25 per share, …
Anderson Insurance Agency Launches in Coral Springs
A south Florida businessman is stepping into the insurance agency with the launch of Anderson Insurance Solutions, based in Coral Springs. Matthew E. Anderson, a licensed agent for life, health and property-casualty lines, said his agency will offer life, health, …
Oman Tells Allies Ships Going Through Hormuz May Have to Pay
Oman has told European officials there’s no way of going back to the pre-war status quo with the Strait of Hormuz and transiting ships may have to be charged some fees, according to people familiar with the matter. While Omani …
Bahrain Targeted, Ship Struck as Iran War Ceasefire Tested
Bahrain said it had been targeted by Iran and a ship in the Strait of Hormuz was struck on Saturday afternoon as Tehran and Washington traded accusations that the other had violated the ceasefire. That came after Iran claimed on …
Appellate Court Rejects EPA Bid to Ease Regulations for Coal-Fired Power Plants
A U.S. federal appeals court on Friday rejected the Environmental Protection Agency’s bid to withdraw Biden-era limits on soot pollution from coal-fired power plants and factories, in a setback for the Trump administration’s deregulatory efforts. The EPA under President Donald …
A Super Yacht Armada Came to Miami, Leaving a Marine Graveyard in Its Wake
Not far from the super yachts docked outside the island palaces of Miami’s new billionaire class, smaller boats abandoned by people who couldn’t afford them languish in Biscayne Bay. Since October, Miami Beach police have identified and removed about 140 …
Venezuela Seeks Quake Survivors as Death Toll Hits 589
The death toll from twin earthquakes that rocked Venezuela rose to at least 589 with nearly 3,000 more injured, as rescue teams desperately clear away rubble to reach trapped victims. The powerful 7.2 and 7.5 earthquakes struck within a minute …
Florida Citizens Clarifies What is ‘Comparable Coverage’ in HO, DP Policies
Carriers making takeout offers for Florida Citizens Property Insurance policies have often run into a question: What exactly constitutes “comparable coverage?” That has posed some issues in Citizens’ personal lines clearinghouse platform, the Florida Association of Insurance Agents’ Dave Newell …
Texas Landowners Grapple With a Raft of Gas Pipelines
In 2022, Ty and Leslie Eggemeyer received a notice in the mail that would shape the next four years of their lives. Their nearly 4,000-acre wildlife resort in Lampasas County — featuring everything from giraffes to wildebeests and gazelles — …
Tesla Settles Lawsuit Over Deadly Crash Involving Full Self-Driving
Tesla Inc. has quietly resolved a lawsuit stemming from a fatal 2023 crash that precipitated a defect investigation into the carmaker’s automated-driving technology. The collision involved 71-year-old Johna Story, who had stepped out of her vehicle on an Arizona highway …