INSURANCE NEWS
Dash Cams in Fleet Vehicles are Key to Avoiding Nuclear Verdicts, Risk Managers Say
ORLANDO, Fla. — Cameras. One showing the driver and another facing forward. Those can be the keys to avoiding nuclear verdicts after auto and truck crashes, especially for companies with fleets of vehicles and relatively inexperienced drivers, two Crum & …
California Funeral Home Stored Bodies for 4 Years, Deceived Families, Prosecutors Say
The owners of a Colorado funeral home were arrested Wednesday in Oklahoma on charges linked to the discovery of 190 sets of decaying remains at one of their facilities, including some that apparently had been languishing there for four years. …
Washington Commissioner Issues $607K on Fines for Violations
Washington Insurance Commissioner Mike Kreidler issued fines in October totaling $607,613.35 against insurance companies and insurance producers that reportedly violated state insurance laws and regulations. Following are the alleged violators and a breakdown of their reported fines: Insurance companies AIG …
Fraternity and Bar Sued Over 2021 Death of University of New Hampshire Student
liquor liabilityThe mother of a University of New Hampshire student who died in an icy swamp two years ago filed a wrongful death lawsuit Thursday against the Durham bar and fraternity her son visited that night. Vincenzo Lirosi, 22, was …
Specialty Program Group Acquires Illinois’ Insurance Allies
Specialty Program Group LLC (SPG), an operator of specialty insurance brokerages and underwriting facilities, announced that it has acquired the assets of Insurance Allies LLC (Insurance Allies), an industry leader in the axe throwing and sports and entertainment industry operating …
Kansas Judicial Branch Slowly Restoring Court Information Amid Ongoing Ransomware Investigation
TOPEKA, Kan. (AP) – Nearly a month after a “security incident” with all the hallmarks of a ransomware attack, Kansas judicial officials are slowly renewing public access to court information. But for now, that access requires a trip to the …
At SpaceX, Worker Injuries Soar in Elon Musk’s Rush to Mars
One windy night at Elon Musk’s SpaceX facility in McGregor, Texas, Lonnie LeBlanc and his co-workers realized they had a problem. They needed to transport foam insulation to the rocket company’s main hangar but had no straps to secure the …
Hawaii Wildfire Burning in Rainforest on Oahu
A wildfire burning in a remote Hawaii rainforest is underscoring a new reality for the normally lush island state just a few months after a devastating blaze on a neighboring island leveled an entire town and killed at least 99 …
GE Settles Claims a Massachusetts Plant Sold Improperly Inspected Parts to Army, Navy
General Electric’s aerospace unit agreed on Monday to pay $9.4 million to settle federal government claims that a Massachusetts plant sold parts to the U.S. Army and Navy that were not properly inspected or did not meet specifications. The U.S. …
Hamilton Insurance Shares Rise 1.7% in NYSE Debut
Hamilton Insurance Group HG.N notched a valuation of $1.68 billion as shares rose 1.7% in a tepid market debut on Nov. 10, indicating limited investor appetite for new listings. The Bermuda-based company’s stock opened at $15.25, compared with the initial …
People Moves: Marsh Names Kowell Marine, Cargo and Logistics Practice Leader, US and Canada; WTW Appoints Messinger Lead of FI&PS
Marsh, a business of Marsh McLennan, headquartered in New York, N.Y., named Janice Kowell marine, cargo and logistics practice leader, U.S. and Canada. Kowell will remain based in Portland, Ore. Kowell succeeds Michael Pellegrini, who has been named regional head …
West Virginia Taps $4 Million in Insurance to Pay Settlement With Inmates
The state of West Virginia has agreed to pay $4 million to settle a class-action lawsuit filed by inmates who described conditions at a jail as inhumane, an attorney for the plaintiffs said. Attorney Stephen New disclosed the figure Thursday …