INSURANCE NEWS
Ardonagh Sells £1.2 Billion Insurance Unit to UK Insurer Markerstudy
The Ardonagh Group is selling its personal insurance business in a deal that will give Chief Executive Officer David Ross an £800 million ($1 billion) war chest for further acquisitions in specialist insurance broking. Ardonagh is selling its Atlanta Group …
Apple to Update iPhone 12 Software in France to Settle Radiation Row
Apple said on Friday it would issue a software update for iPhone 12 users in France to potentially end a row with French regulators that ordered the suspension of the phone’s sale due to breaches of radiation exposure limits. “We …
Wisconsin Lawmakers Settle Pollution Violations with Factory Farms
MADISON, Wis. (AP) – Wisconsin lawmakers agreed Wednesday to settle allegations that two factory farms violated their pollution permits for more than a quarter of a million dollars. The Legislature`s Joint Finance Committee unanimously approved a $17,500 settlement with North …
Fire at Northern Michigan Paper Mill Property Closes Roads, Prompts Warning to Avoid Area
CHEBOYGAN, Mich. (AP) – A fire at a northern Michigan paper mill Wednesday has closed several roads and prompted state police to warn people to stay away from the area. Plumes of thick and heavy black and gray smoke billowed …
Report Examines Hot Summer Days Linked to Climate Change in U.S. Cities
A new analysis shows which U.S. states, regions and cities felt the strongest influence of climate change during the summer – the hottest on record. The analysis from Climate Central, a group of scientists and communicators who research and report …
Food Recalls Are Pretty Common for Things Like Rocks, Insects and Plastic
Rocks in Trader Joe’s cookies. Insects in its broccoli-cheese soup. Pieces of plastic in Banquet frozen chicken strips. In recent weeks, U.S. consumers have seen high-profile food recalls for an unappetizing reason: They`re contaminated with foreign objects that have no …
J&J, P&G Sued After FDA Panel Ruling on Cold Medicine Decongestant
A new lawsuit accuses Johnson & Johnson and Procter & Gamble of having deceived consumers about decongestant cold medicines containing an ingredient that a unanimous U.S. Food and Drug Administration advisory panel this week declared ineffective. According to a proposed …
Shell Says Australian Unit BG Group Hit by MOVEit Cybersecurity Breach
Shell Plc said on Friday that it has identified a cybersecurity incident involving some employees who worked with the company’s unit BG Group in Australia before the merger, becoming the latest victim of the MOVEit hack. A number of businesses …
Feds Tell Banks to Be on Alert for Payroll, Work Comp Premium Fraud Schemes
A US Treasury Department unit that investigates financial crimes has directed banks to send alerts when they come across suspicious activity that indicates a business is using check cashing companies to avoid payroll taxes and reduce workers’ compensation premiums. Such …
Orion180 Expands into Mississippi, Alabama
Orion180, one of the latest entrants into the Florida market, has also begun writing homeowners policies in noncoastal areas of Mississippi and Alabama. The policies will be written through admitted insurer Orion180 Select Insurance Co., the Melbourne, Florida-based firm said …
Study: Top Priorities for New York Job Seekers and Businesses
Flexibility in their job is the number one priority for employees, while attracting new employees and retaining current workers remain the top challenges for businesses, according to the results of the 2023 New York Department of Labor workforce study. In …
Insurance Commissioner Orders Protections for 15,000 Californians Following Fires
California Insurance Commissioner Ricardo Lara on Thursday ordered insurers to preserve residential insurance coverage for more than 15,000 policyholders affected by fires in Del Norte County and Siskiyou County after Gov. Gavin Newsom issued emergency declarations last month. The commissioner’s …