INSURANCE NEWS
People Moves: Fato to Assume Newly Created Vice Chair Role at AIG; Johnson Joins Insurance Quantified as Strategic Advisor
Fato to Assume Newly Created Vice Chair Role at AIG Lucy Fato, executive vice president, general counsel and global head of communications and government affairs at American International Group (AIG), will transition to the newly created role of vice chair …
Walgreens to Pay $44 Million to Settle Theranos Fraud Claims
Walgreens Boots Alliance Inc. has agreed to pay $44 million to settle class action claims by consumers who received flawed blood tests in Arizona and California through the pharmacy chain’s partnership with Theranos Inc. The proposed settlement, which needs court …
Takeaways from Our Conversation on Reps & Warranties in a Changing Cannabis Market
Go back just a few years to 2019-2020, when cannabis stocks started to really hit the market in the United States and Canada. Everyone was jumping in. It was the green rush, but in retrospect, a few of those public …
Maui Wildfires Portend Unprecedented Shift in What It Means to Mitigate Risk
The Maui wildfires portend a grand and incalculable reality for every single one of us living on this spinning blue globe we call Earth. Understanding the risks associated with where we live, work and play may be reaching a tipping …
Judge’s Ruling That Trump Defamed Writer Sets Up Second Trial on Damages
Four months after a jury found that Donald Trump sexually abused and defamed advice columnist E. Jean Carroll, a federal judge ruled Wednesday that still more of the ex-president’s comments about her were libelous. The decision means that an upcoming …
Oregon Workers’ Comp Costs to Drop 11th-Straight Year
Oregon employers will pay on average less for workers’ compensation coverage, according to an update from the Oregon Department of Consumer and Business Services. The decline marks 11 years of average decreases in the pure premium rate – the base …
People Moves: Envoca Names Mabe to Board of Directors; JM Wilson Promotes Bolhuis to Assistant Property & Casualty Manager
JM Wilson Promotes Bolhuis to Assistant Property & Casualty Manager JM Wilson has promoted Kristin Bolhuis to assistant property & casualty manager in their Portage, Michigan office. Bolhuis’ responsibilities include assisting the director of property & casualty with the day-to-day …
Hooters of Louisiana to Settle $650K Race and Retaliation Lawsuit
Hooters of Louisiana, LLC and associated companies (“Hooters”) have agreed to pay former African American employees $650,000 to settle a race and retaliation lawsuit brought by the U.S. Equal Employment Opportunity Commission (EEOC), the agency announced. According to the EEOC’s …
Wet Roads, Speed Factored Into Car Crashing Into Texas Denny’s, Police Chief Says
ROSENBERG, Texas (AP) – A Texas police chief said Tuesday that wet roads and speed factored into the driver of an SUV plowing into a Denny`s restaurant outside Houston on Labor Day, injuring nearly two dozen people inside. No charges …
Shuttered EPA Civil Rights Investigation Could’ve Brought `Meaningful Reform` in Cancer Alley, Documents Show
NEW ORLEANS (AP) – As industrial plants have overtaken historic Black communities and burdened neighborhoods with toxic air pollution, environmental advocates and residents of Louisiana’s chemical corridor have spent decades calling for change. So when the country’s top environmental regulator …
Higginbotham Acquires Ohio’s Community Insurance Group
Higginbotham has acquired Community Insurance Group, its first acquisition in Ohio. With this transaction, Higginbotham now has a presence in 16 states across the country. For over a quarter century, Community Insurance Group has cared for clients in western Ohio, …
FEMA Names Nearly 500 US Communities as ‘Resilience Zones’
Rikers Island in the Bronx, New York, made the list due to its extreme vulnerability to flooding. Lincoln, Wyoming, was selected because of its high avalanche risk. And the danger of both earthquakes and drought propelled part of Alameda, California, …