INSURANCE NEWS
Bad Press, Claims Issues, Halt on New Business Giving Industry Another Black Eye?
It’s no secret that the U.S. property/casualty insurance industry does not always enjoy a sterling reputation among consumers. As one insurance professor recently put it, the industry’s rank in public opinion is somewhere between that of a personal injury lawyer …
1 Killed, 5 Injured as Driver Crashes Into Subway Sandwich Shop
A car veered into a sandwich shop at a mall near Providence, killing one person and injuring five others, authorities said. The crash happened Wednesday afternoon at a Subway restaurant at the Apple Valley Mall in Greenville, according to police …
Three States Remove All Time Limits on Child Sex Abuse Lawsuits
Ann Allen loved going to church and the after-school social group led by a dynamic priest back in the 1960s. The giggling fun with friends always ended with a game of hide and seek. Each week, the Rev. Lawrence Sabatino …
Dave & Buster’s to Pay $275K Over Claims of Meal Break, Child Labor Violations
Massachusetts Attorney General Andrea Joy Campbell’s office has reached a settlement with Dave & Buster’s, which includes $275,000 for workers, to resolve meal break and child labor violations. Dave & Buster’s operates three locations in Massachusetts in Braintree, Natick and …
The Load: Georgians Prepare for New 88,000-lb. Weight Limits on Trucks
Georgia cities and counties, along with trucking and auto insurance companies, are preparing for the impact of a new law that raises the weight limit of tractor-trailers hauling agricultural and timber products in the state. House Bill 189 was scaled …
Gulf of Mexico ‘Dead Zone’ Forecasted to be Smaller Than Average
EW ORLEANS (AP) – The oxygen-depleted “dead zone” that forms each year in the Gulf of Mexico off Louisiana and Texas is forecast to cover about 4,155 square miles (10,761 square kilometers) this year. That’s about 1,200 square miles (3,107 …
People Moves: VIAA Names Von Ruden Personal Foundation Coach; Holmes Murphy Names Tanny Property Casualty VP
Valley Insurance Agency Alliance Hires Von Ruden as Personal Foundation Coach Valley Insurance Agency Alliance (VIAA), headquartered in St. Louis, Missouri, recently hired Trish Von Ruden as personal foundation coach. Von Ruden will coach new and existing team members on …
New Orleans Steamboat Company Fined $100K for Violating Clean Water Act
The New Orleans Steamboat Company (NOSC) was charged on May 26, 2023 with violating the Clean Water Act (“CWA”) in connection with a discharge of excess ballast material into the Industrial Canal in New Orleans in 2019, according to the …
Coinbase Suit May Finally Send Crypto Debate to Supreme Court
The SEC’s new lawsuit against Coinbase Global Inc. appears best positioned among cryptocurrency cases to let the US Supreme Court finally decide if digital assets count as securities. The crypto tokens traded by Coinbase users should be treated as unregistered …
Companies Face Less Pressure for Climate and Social Reforms
Shareholder support for proxy resolutions on topics including climate change and workforce diversity dropped significantly this spring, analysts said, as tough proposals from activists met with growing political pressure on fund firms’ voting. Halfway through the shareholder annual meetings of …
UK Eyes War-Risk Insurance Scheme for Ukraine’s Reconstruction
The UK is drawing up a war-risk insurance scheme that it hopes will convince investment companies as well as tech, energy and defense firms to back Ukraine’s reconstruction with billions in aid, people familiar with the plans said. Britain is …
Farmers CEO Reverses Course to Require Hybrid Work Schedule for Employees
New Farmers Group CEO Raul Vargas has reversed a prior company decision to allow most workers to do their jobs from home by instituting a hybrid work scheduling starting in September. Despite some employees reportedly making major life changes – …