INSURANCE NEWS
Michigan DIFS Director Fox Urges Safe Driving Amid Increase in Crashes
Michigan Department of Insurance and Financial Services (DIFS) Director Anita Fox urged safe driving to safe lives and lower costs amid an increase in reported motor vehicle crashes. “Consistent with an unfortunate trend we have seen over the last few …
Arkansas Timberland and Sawmill Operator Faces $218K in Fines After Worker’s Fatal Injury
A federal workplace safety investigation determined that 39-year-old employee of a south Arkansas timberland and sawmill facility suffered fatal injuries from an automated lumber stacking machine at its Bearden location. Inspectors with the U.S. Department of Labor’s Occupational Safety and …
Oklahoma Supreme Court to Consider Reparations Case for Survivors of Tulsa Race Massacre
OKLAHOMA CITY (AP) – The Oklahoma Supreme Court will consider a reparations case from survivors of the 1921 Tulsa Race Massacre after a lower court judge dismissed it last month, giving hope to advocates for racial justice that government may …
Markets/Coverages: Cover Whale, CoverWallet Partner on Trucking Insurance
Insurtechs Cover Whale and Aon’s CoverWallet said they have partnered on providing commercial trucking insurance. The collaboration brings together Cover Whale’s trucking insurance capacity with CoverWallet’s distribution strengths. Cover Whale will offer its advanced telematics and proprietary quoting and binding …
Allstate Agrees to Settle With Shareholders for $90 Million
To settle a years-long securities class action lawsuit against it, Allstate Corp. has agreed to set up a $90 million fund for shareholders who accused the insurer of false and misleading statements regarding its auto insurance business. According to court …
Hawaiian Utility Sued by Homeowner Over Lahaina Fire
The Hawaiian power company in the crosshairs after wildfires ripped through parts of Maui faces a new lawsuit blaming its equipment for starting blazes that claimed more than 100 lives and wreaked billions of dollars in damages. Witnesses say some …
Landlord Not Liable for Murder at Nightclub, Massachusetts Supreme Court Says
A commercial landlord is not liable for a “targeted, execution-style shooting” that took place on her property as it was not reasonably foreseeable and no reasonable security measures could have prevented it, the Massachusetts Supreme Judicial Court has ruled. The …
People Moves: Gallagher Re Taps Howden’s Posada for LatAm, Caribbean Sales; Dale Hires Pettifer for Property Open Mkt; AXA XL Names Hayzelden for Upstream Energy
This edition of International People Moves details appointments at Gallagher Re, Dale Underwriting Partners and AXA XL. A summary of these new hires follows here. Gallagher Re Taps Posada from Howden to Lead LatAm, Caribbean Sales Gallagher Re announced that …
Tech Firm Behind Kentucky School Bus Route Snafu Had Problems in Ohio
LOUISVILLE, Ky. (AP) — The company behind a disastrous change to a Kentucky city`s school bus routes that resulted in more than a week of canceled classes had similar problems in two cities in neighboring Ohio last year. Touting its …
Shinwa Plans $114M Expansion at Alabama Auto Parts Plant
MONTGOMERY, Ala. (AP) — An auto parts supplier plans a $114 million investment to expand its facility in Alabama to support the production of electric vehicle parts, Gov. Kay Ivey`s office announced Tuesday. Shinhwa Auto USA Corp.`s expansion will create …
Company Asks Judge to Block Alabama Medical Marijuana Licenses
MONTGOMERY, Ala. (AP) — A company that failed to win a potentially lucrative medical marijuana license in Alabama asked a judge Tuesday to block the state from issuing the licenses to anyone, arguing a state commission improperly deliberated in private …
Attorney, Friend of Murdaugh Sentenced to 4 Years in Scheme to Steal Insurance Money
CHARLESTON, S.C. (AP) — A longtime friend of disgraced South Carolina attorney Alex Murdaugh was sentenced Tuesday to nearly four years in prison for scheming to steal millions of dollars in insurance settlements from the sons of Murdaugh`s dead housekeeper. …