INSURANCE NEWS
Family of Inmate Who Died by Suicide in Virginia Jail Gets $1.75M From PsychIatrist
The family of a man who died by suicide at a Virginia jail after his antipsychotic medication was discontinued has received a $1.75 million settlement in a civil lawsuit. Records at U.S. District Court in Alexandria show that the family …
Western U.S. States Had Among Highest Car Theft Rates, Report Shows
A new report shows Colorado has the most car thefts, while populous California made the top 10 list. The report’s authors analyzed data from the FBI’s Crime Data Explorer, which showed the amount of motor vehicle thefts in each state …
New Orleans to Activate Citywide Freeze Plan Ahead of Extreme Winter Weather
The City of New Orleans announced that they will activate a citywide freeze plan in anticipation of the extreme winter weather expected to bring dangerously low temperatures below freezing starting Jan. 19. The National Weather Service (NWS) predicts that there …
Medical Experts May be Needed, Even in Negligence Claims – Kentucky Supreme Court
When a baseball umpire, well-traveled in college baseball conferences, went to a hospital for X-rays on his surgically repaired ankle in 2015, a hospital attendant pushing the ump’s wheelchair accidentally bumped his foot against a desk. The question that has …
Cold Weather Causes More Than 60 Oil Spills in North Dakota
BISMARCK, N.D. (AP) — Bitter cold weather is causing a rash of spills in the oil fields of North Dakota as well as a slowdown in production, regulators say. North Dakota has seen multiple days of frigid weather with windchills …
People Moves: Atain Names Dassow VP, Head of Primary Liability; WSIA Names New Secretary and Director Following Maner’s Retirement
Atain Names Dassow VP, Head of Primary Liability Atain Insurance Companies, headquartered in Farmington Hills, Mich., hired Tom Dassow as vice president and head of primary liability, leading Atain’s newly formed general liability brokerage unit. Most recently, Dassow led CM …
Texas Car Dealership Faces Lawsuit for Sexual Harassment and Retaliation
South Austin Nissan, a car dealership in Austin, Texas, operated by NICPA Central Auto Group, LLC, subjected female employees to sexual harassment and retaliated against employees when they reported the harassment the U.S. Equal Employment Opportunity Commission (EEOC) charged in …
GM Financial Rebranding OnStar Insurance as General Motors Insurance
GM Financial earlier this week said it is rebranding its OnStar Insurance to General Motors Insurance, with plans for market expansion. During 2023, the GM Insurance unit shifted from an agency model to a full-stack carrier, GM Financial said. The …
People Moves: Castle, Gray Named to Senior Posts at American Coastal
St. Petersburg-based American Coastal Insurance Corp. has named two to high-level positions in the company. Svetlana Castle is the new chief financial officer, starting Jan. 22, the company said in a press release. Castle, who holds a law degree and …
19 Dead, Hundreds of Auto Accidents from Ice Storm in Tennessee, Mississippi
Tennessee health officials have confirmed at least 14 weather-related deaths from the icy storm that has gripped much of the country. Memphis-Shelby County Schools, the state’s largest public school system with about 100,000 students, canceled Thursday classes. The Tennessee Valley …
Keystone Agency Partners Secures $300 Million in Additional Financing
The Pennsylvania-based Keystone Agency Partners (KAP) insurance brokerage platform reported that it has secured an additional $330 million of financing. Apogem Capital led the financing which was significantly over-subscribed and jointly arranged by Crescent Capital, both existing lenders to KAP. …
Travelers’ Q4 Net Income Skyrockets as Personal Lines Reverses Underwriting Loss
Net income at The Travelers Cos. for the last quarter of 2023 about doubled compared to the same time last year to $1.6 billion on lower catastrophe losses and a return to profitable results in the personal insurance segment. The …