INSURANCE NEWS
China Poses ‘Alarming’ Threat to US Power Grid, Lawmakers Told
China represents an increasing threat to the US power grid, lawmakers were told Tuesday during a hearing in which they were warned a cyberattack from the nation could plunge military and other sensitive sites into darkness. “The Chinese activities are …
Estee Lauder Hit by Cyber Attack, With Some Business Operations Disrupted
Cosmetics maker Estee Lauder on Tuesday said a hacker had obtained some data from its systems, with the cyber incident causing, and expected to further cause, disruption to parts of the company’s business operations. The MAC Cosmetics owner was working …
J&J Must Pay $18.8M to California Cancer Patient in Baby Powder Suit
Johnson & Johnson’s must pay $18.8 million to a California man who said he developed cancer from exposure to its baby powder, a jury decided on Tuesday, a setback for the company as it seeks to settle thousands of similar …
Ideas Are ‘Being Floated’ on How to Get Ukraine, Russia Grain to World: UN
There are a “number of ideas being floated” to help get Ukrainian and Russian grain and fertilizer to global markets after Moscow quit a deal allowing the safe Black Sea export of Ukraine grain, the United Nations said on Tuesday. …
New Mexico Jury Awards $485M in Case of Girl Sexually Assaulted in Foster Care
A jury has awarded $485 million in damages in a civil case brought on behalf of an 8-year-old girl who was repeatedly sexually assaulted in a New Mexico foster care program. The verdict came late last week after Rio Arriba …
Health Care Firm Caught Owing Workers Almost $1M Overtime Pay
A federal investigation has recovered $950,000 in back wages and liquidated damages and $50,000 in punitive damages from a West Lebanon, New Hampshire home healthcare business — with a history of unlawful pay practices — that denied overtime wages to …
ALKEME Acquires Paul Kinan Insurance Group in California
ALKEME acquired the Paul Kinan Insurance Group in Placentia, California. Paul Kinan Insurance group provides a variety of property/casualty insurance services to individuals, families and businesses. ALKEME is based in Ladera Ranch, California and backed by GCP Capital Partners.
Northern New York Diocese Facing 100 Sexual Abuse Claims Files for Bankruptcy
The Roman Catholic Diocese of Ogdensburg in northern New York said Monday that it was filing for bankruptcy protection as it faces more than 100 lawsuits alleging sexual abuse. The diocese, like others in the state, is dealing with lawsuits …
Louisiana Policyholders Recover $4.2M in First Half of 2023
The Louisiana Department of Insurance (LDI) received 2,163 complaints and helped consumers recover $4,287,867 in additional payments from insurers between January 1 and June 30, 2023, the department said. Property & Casualty accounted for 1,589 of complaints filed during the …
Groups Argue Wisconsin Regulators Can’t Make Factory Farms Obtain Preemptive Pollution Permits
MADISON, Wis. (AP) __ Wisconsin regulators can`t legally impose environmental regulations on factory farms before they become operational, two farm advocacy groups allege in a lawsuit that could dramatically loosen protections against manure pollution in state waters. Wisconsin Manufacturers and …
Texas’ American National Rebrands Logo
Galveston, Texas-based American National Insurance Company announced a comprehensive rebranding initiative to modernize its brand, its first significant rebranding update in 50 years. The company unveiled a new logo and visual identity that features contemporary rendering of its iconic eagle, …
Salvation Army to Settle $25K Over ADA Suit in Michigan
The Salvation Army will pay $25,000 to settle a lawsuit filed by the U.S. Equal Employment Opportunity Commission (EEOC) to obtain relief for a former employee of the charitable organization’s Ann Arbor, Michigan thrift store who was discriminated against due …