INSURANCE NEWS
ALKEME Acquires Texas’ Daugherty Insurance Group
ALKEME announced the acquisition of the Daugherty Insurance Group, a Sugar Land, Texas- based full-service insurance agency. For over three decades, Daugherty Insurance Group has been focused on serving their loyal customers throughout Sugar Land and surrounding areas with a …
Insurer Avoids Dog Bite Claim by Homeowner Selling Firearms Out of Garage
Nationwide General Insurance has avoided payment of a dog bite claim filed by a homeowner it insured who ran a firearms business out of his garage. A federal district court for Alabama ruled that the business exclusions in all three …
Center for Insurance and Risk Management Opening in Nevada University
University of Nevada, Las Vegas announced the establishment of the Kerestesi Center for Insurance and Risk Management within the Lee Business School. The center, made possible through a $5 million gift from the Nevada Surplus Lines Foundation, will advance faculty …
Opera Workers’ Ruling Offers Path for Uber, Lyft Drivers to Unionize
A US labor board ruling on Tuesday laid the groundwork for drivers from Uber Technologies Inc. and Lyft Inc. and other gig workers to formally unionize – a still difficult but potentially transformative task. In a ruling concerning workers at …
U.S. Beefs Up Campaign for Accurate Animal Welfare Claims on Meat, Poultry Packaging
The U.S. Department of Agriculture said Wednesday it hopes to weed out false or misleading animal-welfare claims on meat and poultry packaging with new guidance and testing. The claims – such as “pasture-raised,” “humanely raised,” and “raised without antibiotics” – …
Judge Allows Carroll to Amend Defamation Suit Against Trump to Add His CNN Comments
The New York author who won a $5 million sexual abuse trial against Donald Trump was allowed to expand an earlier defamation lawsuit to add remarks he made about her on a CNN town hall and seek at least $10 …
Twitter Sued by Music Firms Over Violating Copyrights, At Up to $150,000 a Work
The National Music Publishers’ Association sued Twitter Inc. Wednesday, alleging it violates the copyright of songwriters by using their music on its platform without permission. Twitter is one of the only major social media platforms that doesn’t pay music rights …
Northeast Vineyards, Apple Orchards Still Hurting From May Frost Damage
Vineyards and apple orchards across the Northeast are still gauging damage from a late-season frost in May that wiped out a third to most of the crop for some growers who say it’s the worst frost damage they have ever …
Legal & General Hires Santander’s Simoes as CEO
British insurer Legal & General has hired Banco Santander’s António Simões as its new CEO, it said on Thursday, replacing Nigel Wilson. Simões, who has been regional head of Europe for Santander since September 2020, will take up his position …
Cyberattacks on Renewables: The Stuff of Nightmares for Europe’s Power Sector
Saboteurs target a nation leading the world in clean energy. They hack into vulnerable wind and solar power systems. They knock out digitalized energy grids. They wreak havoc. It’s the stuff of nightmares for European power chiefs. Henriette Borgund knows …
Kentucky Coal Company, Employee Sentenced for Falsifying Dust Samples, Lying
A coal dust examiner who worked for a Kentucky mining company has been sentenced to six months in prison for falsifying dust samples and lying to federal officials. Walter Perkins’ employer, Black Diamond Coal Company, was placed on probation for …
AM Best: US Cyber Insurance Segment Reflects Hard Market, Profits
Last year marked robust growth in the U.S. cyber insurance market, with direct premiums increasing by 50% to $7.2 billion, brought on by better underwriting and improved loss ratios, according to Best’s Market Segment Report. Direct premium written tripled in …