INSURANCE NEWS
Missouri Man Pleads Guilty to $1.1M Insurance Fraud Scheme
A Missouri man has pleaded guilty in federal court to his role in a $1.1 million insurance fraud conspiracy that involved false claims of injuries suffered in car accidents, as well as to his role in a conspiracy to fraudulently …
Ohio Plastic Manufacturer to Pay $252K Over Sex Discrimination Lawsuit
Pretium Packaging, LLC, a manufacturer of plastic bottles and containers, will pay $252,768 and furnish other relief to settle a sex discrimination lawsuit brought by the U.S. Equal Employment Opportunity Commission (EEOC), the federal agency announced today. The EEOC charged …
Florida Sheriff Investigating After 7 Diners at Restaurant Fall Ill from Narcotics Poisoning
Florida authorities are investigating a steakhouse after seven patrons were hospitalized with what may have been poisoning from narcotics. Santa Rosa County Sheriff said that some type of narcotic was in the food at Nikko Japanese Sushi Bar and Steak …
A Greenwashing Lawsuit Against Delta Aims to Set a Precedent
As tranquil instrumental music plays over gauzy images of nature, a woman’s voice-over begins. “Isn’t it a paradox,” she wonders aloud, “that the love for this world that gets us out in it, sometimes leaves behind the things that can …
OSHA Says Fatal Florida Fireworks Fire Was Preventable, Fines Company $109,000
A December fire at a fireworks company warehouse, which killed four workers and gravely injured a fifth, was preventable, but the company will face just $109,375 in fines, the U.S. Occupational Safety and Health Administration announced. Magic in the Sky, …
New Mexico Reaches $500M Settlement with Walgreens in Opioid Case
New Mexico has settled with Walgreens for $500 million over the pharmacy chain’s role in distributing highly addictive prescription painkillers. The agreement was signed in March, and state officials confirmed that a confidentiality provision on the agreement was lifted last …
I-95 Collapse Update: Body Found in Wreckage; Governor Declares Disaster Emergency; Long Commutes Underway
Drivers began longer commutes Monday after an elevated section of Interstate 95 collapsed in Philadelphia a day earlier following damage caused by a tanker truck carrying flammable cargo catching fire. Sunday’s fire closed a heavily traveled segment of the East …
EU Regulators Could Demand Google to Sell Part of Ad-Tech Business: Source
European Union antitrust regulators may order Alphabet Inc.’s Google to sell a part of its advertising-technology business, a source with direct knowledge of the matter told Reuters on Monday. The EU’s top antitrust watchdog, the European Commission, could issue a …
New York Lawmakers Again Pass Wrongful Death Damages Bill. Is Another Veto in Store?
New York lawmakers have again overwhelmingly passed legislation to overhaul the state’s 1847 law that governs damages that can be awarded in wrongful death cases. But it’s unclear whether the latest version of the Grieving Families Act will pass muster …
UK Communications Regulator Ofcom Says Hackers Stole Confidential Data
The hackers responsible for the MOVEit cyberattack downloaded confidential information from UK communications regulator Ofcom about companies it regulates, as well as its own employees — adding to a string of victims which includes IAG SA’s British Airways and the …
Fitch: Hardening Commercial Lines Market to Continue Through 2023
This year will mark the fourth year of a hardening market for commercial lines underwriting cycle, according to the latest US Commercial Lines Market Update released by Fitch Ratings. The Council of Insurance Agents & Brokers’ (CIAB) commercial lines market …
Two More States Pass Bills to Require Disclosure of Litigation Funding
Lawmakers in two states passed bills this year to require disclosure of litigation funding contracts. Business groups are pushing for similar rules in federal courts nationwide. Montana Gov. Greg Gianforte on May 2 signed into law Senate Bill 269, which …