INSURANCE NEWS
Florida Trial Lawyer State Rep Offers Condo ACV Bill as Solution to Costs
A bill introduced by a Democrat and trial attorney would take a step toward something that property insurers have longed for in recent years – actual cash value coverage on roofs, at least condominium roofs. State Rep. Hillary Cassel, D-Dania …
People Moves: DUAL Europe Taps Hiscox’s Hervé to Launch and Lead French Unit; Chubb’s Overseas General Insurance Names Spagnoli as Head of Consumer Lines
This edition of International People Moves details appointments at DUAL France and Chubb’s Overseas General Insurance unit. A summary of these new hires follows here. DUAL Europe Taps Hiscox’s Hervé to Launch and Lead French Unit DUAL Europe, the specialist …
GEICO Charges Queens Pharmacy, Medical Clinics With $3.7M in Prescription Fraud
Insurance company GEICO has filed suit against a New York pharmacy and five medical clinics and their owners alleging they perpetrated a fraudulent scheme under the New York no-fault insurance system by submitting more than $3.7 million in fraudulent pharmaceutical …
SEC Says Its Binance Case Should Advance Despite DOJ Settlement
The Securities and Exchange Commission says Binance Holdings Ltd.’s recent $4.3 billion settlement with the Justice Department and other US authorities bolsters its own case against the world’s biggest crypto exchange. Despite not being part of the agreement, the SEC …
UK to Probe Unilever’s Environmental Claims as Part of Greenwashing Crackdown
Britain’s competition watchdog said on Tuesday it would scrutinize environmental claims made by UK consumer goods giant Unilever about certain household essential items, amid a wider crackdown on greenwashing. The Competition and Markets Authority (CMA) said it is seeking to …
California Faces Record $68B Budget Deficit, Legislative Analyst Says
California is facing a record $68 billion budget deficit, state officials announced, forcing hard choices for Democratic Gov. Gavin Newsom in his final term as he works to build his national profile. The nation`s most populous state, with an economy …
Ukraine’s Top Mobile Network Operator Hit by Biggest Cyber Attack of War to Date
Ukraine’s biggest mobile network operator, Kyivstar, was hit on Tuesday by what appeared to be the biggest cyber attack of the war with Russia so far, knocking out mobile and internet services for millions. Kyivstar has 24.3 million mobile subscribers …
Real Estate Titans Battle DeSantis Over China Property Crackdown
(Bloomberg) — Ron DeSantis rattled corporate America by making Walt Disney Co. a target of his conservative culture wars. Now, the Florida governor’s campaignto rid the state of Chinese influence is fueling a forceful backlash from big-name investors. A group …
Residents Cleaning up After Deadly Tennessee Storms
NASHVILLE, Tenn. (AP) — Residents of central Tennessee communities slammed by deadly tornadoes this weekend described tragic and terrifying scenes in which one mobile home landed on top of another, roofs were ripped from houses and an entire church collapsed …
Police in Massachusetts Town Move Quickly, Recover 16 Stolen Vehicles in 36 Hours
Auburn, Massachusetts police report they recovered 16 cars within 36 hours of them being stolen from a local auto rental business. Three Boston men have been charged with receiving a stolen motor vehicle and other charges. All of the vehicles …
Maryland’s Workers’ Compensation Bars Non-Dependent Child’s Wrongful Death Claim
A non-dependent adult child whose father died on the job does not have a right to bring a wrongful death claim against her late father’s employer, the Maryland Appellate Court has ruled. The appeals court affirmed a circuit court that …
Musk Can’t Escape Investor Suit Over Flip-Flop on Twitter Buyout
Elon Musk must face a Twitter investor lawsuit that accuses him of fueling uncertainty about his proposed buyout in an effort to drive down the social media platform’s stock price, a California federal judge ruled. US District Judge Charles Breyer …