INSURANCE NEWS
Trader Joe’s Follows SpaceX in Arguing US Labor Board Is Unconstitutional
Grocery chain Trader Joe’s is joining Elon Musk’s SpaceX in arguing that the US labor board, which is prosecuting cases against both companies, is unconstitutional. At a Jan. 16 National Labor Relations Board hearing in Connecticut, an attorney for Trader …
Three in Miami Charged with Workers’ Comp Payroll Fraud
Three Miami-area construction labor suppliers have been charged with underreporting payroll and shorting their workers’ compensation insurers more than $220,000 in premiums. Juana Ledezma and Luis Ledezma, associated with Superior Group Management Inc., were arrested in mid-January after an investigation …
Home Fire in Alaska Kills Woman and 5 Children, Officials Say
A woman and five children have died in a fire at a home in a small northwest Alaska village, Alaska State Troopers said. The remains of the six have been recovered from the home in Noorvik, an Inupiat community of …
Resilience in California Expands Cyber Risk Management for Global Clients of $10B in Revenue
San Francisco, California-based Resilience expanded its underwriting authority to serve large global companies with up to $10 billion in annual revenues. The company reports that its expanded authorities come after a strong year of growth, with fewer than 5% of …
Small Farmers Hit by Extreme Weather Would be Helped by New Crop Insurance Program
Since catastrophic flooding hit Vermont in July and waterlogged crops, some farmers are trying to figure out how to get through the next season. Water washed away seeds planted in the summer at Bear Roots Farm, which grows about 20 …
NRA Chief LaPierre Defends His Spending, Luxury Travel in New York Civil Trial
Longtime National Rifle Association chief Wayne LaPierre took the stand in his New York civil trial Friday, defending himself against allegations that he violated the trust of the group’s 5 million members by spending tens of millions of dollars to …
Arthur J. Gallagher & Co. Acquires Louisiana’s Forest Insurance Facilities
Arthur J. Gallagher & Co. announced that its U.S. wholesale brokerage, binding authority and programs division, Risk Placement Services, Inc. (RPS), has acquired Metairie, Louisiana-based Forest Insurance Facilities. Terms of the transaction were not disclosed. Forest Insurance Facilities is a …
California to Get Drenched From Fast-Moving Atmospheric River
A fast-moving atmospheric river coming off the Pacific Ocean will drench northern and central California on Wednesday and then head for the the southern half of the state. Northwest California will likely get the worst of the storm, with as …
Markets/Coverages: Howden Launches Carbon Capture and Storage Insurance Facility
Howden, the London-based global insurance group, announced an insurance facility that covers the leakage of carbon dioxide (CO2) from commercial-scale carbon capture and storage (CCS) facilities. The insurance facility, designed by Howden and led by SCOR’s syndicate at Lloyd’s, provides …
People Moves: BevCap Promotes Bossier to President
BevCap Management, a provider of risk management solutions, announced the promotion of Matthew Bossier, ARM to the position of President, Property & Casualty. In his new role, Bossier will be responsible for leading and overseeing the strategic direction of the …
COVID Liability Immunity Includes Slips and Falls at Hospital – Alabama High Court
When the COVID-19 virus spread across the country three years ago, dozens of state legislatures approved statutes that granted health care providers immunity from legal actions brought by people who claimed to have been injured by COVID treatments. “Absent wanton, …
Reforms to US Disaster Aid Expose Growing Home Insurance Gap
When disaster hits in the US, the federal government gives aid to states and counties, but also to individuals. In 2022, the Federal Emergency Management Agency delivered $3.25 billion to nearly 1.4 million households recovering from damaging floods and fires. …