INSURANCE NEWS
Voyant Beauty Agrees to $75K Settlement Over Disability Discrimination Suit
Voyant Beauty, LLC will pay $75,000 and provide other relief to settle a disability discrimination lawsuit filed by the U.S. Equal Employment Opportunity Commission (EEOC), the federal agency announced. The EEOC charged in its suit that Voyant terminated an employee …
Florida Condo Sales, Prices Have Fallen Thanks to Insurance, HOA Costs, Redfin Says
Condominium sales and prices in Miami, Jacksonville and Tampa and other parts of Florida have dropped over the past year, largely due to the soaring cost of property insurance and association fees, according to Redfin, a U.S. real estate and …
Over 44,400 Lives Lost Due US Vehicle Crashes in 2023
There were about 44,450 motor vehicle fatalities in the United States in 2023—down from 2022 but still very high—according to a preliminary analysis released by the National Safety Council (NSC). Fatalities were down 4% from 2022 but still up 13.6% …
US, Philippines Pay Highest Economic Price for Climate-Fueled Weather
The United States and the Philippines are the countries hit hardest by climate-driven extreme weather, measured as a percentage of their economies, according to a report released Wednesday by global reinsurance giant Swiss Re. The US currently experiences the worst …
WV Governor’s Coal Company Found in Contempt, Must Pay BrickStreet for Comp Loss
A coal company owned by West Virginia’s governor has been found in contempt of court and must face fines of $2,500 a day until it pays its contractual obligations to its workers’ compensation insurance carrier, a federal judge decided. BrickStreet …
EPA Directs $1 Billion to 25 Superfund Hazardous Waste Cleanups
The U.S. environment regulator said on Tuesday it is launching new cleanup projects at 25 hazardous waste sites from New Jersey to Oregon with $1 billion in funds. The sites are in the Environmental Protection Agency’s Superfund program, originally created …
FAA Criticizes Boeing, Says it Wants a Plan in 90 Days to Address Quality Problems
Boeing it must develop a comprehensive action plan to address “systemic quality-control issues” within 90 days, the U.S. Federal Aviation Administration said Wednesday, following an all-day meeting with the planemaker’s CEO Dave Calhoun the day before. “Boeing must commit to …
People Moves: AXIS Names Lord as Global CIO, Barriero as Head of Strategic Sourcing, Corporate Real Estate; Xenia Taps Stennett From Allianz Trade as CEO
This edition of International People Moves details appointments at AXIS Capital Holdings and Xenia Broking Group. A summary of these new hires follows here. AXIS Names Lord as Global CIO, Barriero as Head of Strategic Sourcing, Corporate Real Estate AXIS …
False Claims Act Cases Resulted in $2.7B in Fiscal Year 2023: DOJ
The U.S. Department of Justice said a record 543 settlements and judgements under the False Claims Act resulted in about $2.7 billion in the fiscal year ending Sept. 30, 2023. The amount of settlements and judgements was a 54% increase …
Jury Must Decide If Virginia Sheriff’s Killing of Dog Was Constitutional
A Virginia deputy sheriff must face a jury over whether his shooting to death of a dog was justified or if it was unconstitutional before it can be determined if he is entitled to qualified immunity, a federal appeals court …
Direct Line Rejects Ageas £3.1 Billion Takeover Bid, Sources Say
Belgian insurer Ageas made an approach to buy Direct Line Insurance Group Plc in recent weeks that was rejected, according to people familiar with the matter. Ageas has been working with advisers on the potential acquisition, they said, asking not …
Houthis Say They Could Reassess Red Sea Attacks if Israeli ‘Aggression’ Stops
Yemen’s Houthis said on Tuesday they could only reconsider their missile and drone attacks on international shipping in the Red Sea once Israel ends its “aggression” in the Gaza Strip. Asked if they would halt the attacks if a ceasefire …