INSURANCE NEWS
World Insurance Acquires The Mogil Organization of New York City
World Insurance Associates announced that it acquired the business of The Mogil Organization LLC of New York, New York. Terms of the transaction were not disclosed. Since 1957, Mogil has offered corporate and personal insurance to businesses and families. Mogil …
Massachusetts Judge Rejects Auto Insurance Class Action Over Diminished Value
A judge in Massachusetts has denied class certifications for claimants seeking payment from two insurers for the lost resale value of their motor vehicles that were damaged in accidents and then repaired. Suffolk County Superior Court Justice Kenneth W. Salinger …
Court Temporarily OKs ‘Sensitive’ Places But Not Insurance Rule of New Jersey Gun Law
A federal appeals court has temporarily agreed to keep part of New Jersey’s handgun carry law in effect as court proceedings play out. The Third Circuit Court of Appeals on Tuesday granted the state attorney general’s request to keep part …
New York Lawmakers Approve Bill Removing Medical Debt From Credit Reports
Hospitals and other health care providers in New York would be banned from reporting medical debt to credit agencies under a bill passed this week by the state’s legislature – a measure intended to limit the damage that illness and …
Oregon Climate Change Lawsuit Seeks $50B, Citing 2021 Heat Wave
An Oregon county on Thursday sued Exxon XOM.N, Chevron CVX.N, other major oil and coal companies, and industry groups, seeking over $50 billion to counter the harms caused by extreme weather fueled by climate change. Multnomah County said in the …
Washington Rule Requires Insurers to Tell Policyholders Why Their Premium is Going up
Washington Insurance Commissioner Mike Kreidler adopted a rule requiring insurers to explain premium increases to their policyholders “in language they can understand.” “If your insurance company is going to increase your premium, you have a right to know why,” Kreidler …
Houston Men Charged With Burning Down Medical Center Under Construction
A 38-year-old Houston, Texas man is in custody on charges of maliciously using explosive materials resulting in physical injury and conspiracy to do so. Authorities arrested Jason Vernon Rogers on June 13. Truong Quoc Duong, 52, remains in custody on …
Insurance Qualified Acquires Michigan’s Groundspeed Analytics
Insurance Quantified, a commercial P&C underwriting technology provider, announced it has acquired Ann Arbor, Michigan-based Groundspeed Analytics, an ingestion and data solutions provider for the commercial P&C industry. The combination strengthens Insurance Quantified’s market leadership in underwriting technology and furthers …
Illinois Pizza Manufacturer Fined $2.8M After Sanitation Worker’s Death
The operator of a specialty frozen pizza manufacturing plant in Illinois could have prevented the death of a 29-year-old sanitation worker by following proper machine safety procedures, a federal investigation has found. Inspectors with the U.S. Department of Labor’s Occupational …
New York Law Protecting Warehouse Workers From ‘Unreasonable Quotas’ Goes Into Effect
Legislation aimed at protecting New York warehouse workers from “unreasonably demanding work quotas” is now in effect. New York Governor Kathy Hochul said the Warehouse Worker Protection Act includes new requirements for distribution centers to disclose work speed data to …
Disaster Declaration Sought for UP Counties After Flooding From Spring Snowmelt
LANSING, Mich. (AP) – Michigan Gov. Gretchen Whitmer has asked President Joe Biden to declare a major disaster declaration for five Upper Peninsula counties impacted earlier this year by flooding due to record spring snowmelt. A presidential declaration would activate …
North Texas Tornado Kills At Least Four People
At least four people are dead and nine are injured after a tornado hit Matador, a small town of nearly 800 people northeast of Lubbock, late Wednesday night. The tornado was brought on by several severe storms in the region. …