INSURANCE NEWS
Hobby Lobby to Settle $50K Disability Discrimination Suit at Kansas Store
Hobby Lobby Stores, Inc., a national arts and crafts retailer, will pay $50,000 to resolve a disability discrimination lawsuit filed by the U.S. Equal Employment Opportunity Commission (EEOC), the federal agency announced. According to the EEOC’s lawsuit, Hobby Lobby violated …
New Hampshire Begins Search for Insurance Commissioner as Nicolopoulos to Exit
New Hampshire Governor Chris Sununu announced that Insurance Commissioner Christopher Nicolopoulos will not be seeking reappointment upon the conclusion of his term. Nicolopoulos began serving a five-year term in February 2020. Sununu said a search for a new Insurance commissioner …
Hyundai and Kia Thefts Keep Rising Despite Security Fix
Nearly three months ago, Hyundai and Kia unveiled software that was designed to thwart an epidemic of thefts of their vehicles, caused by a security flaw that was exposed on TikTok and other social media sites. So far, it hasn’t …
Cyber Hack to Cost UK Outsourcer Capita Up to $25M
British outsourcing company Capita warned it would take a 15 million pound to 20 million pound ($25 million) hit after its systems were hacked in a cyber incident earlier this year. Capita, which provides business support services to government and …
Antitrust Enforcers Are Chilling Big Mergers
The US government’s aggressive stance on antitrust is chilling merger activity among the country’s biggest companies, with some deals never making it past the boardroom as executives fear lengthy and expensive approval processes. US enforcers have roughly doubled their efforts …
Philip Morris Must Pay $37M to Cancer Victim, Massachusetts High Court Rules
Tobacco company Philip Morris USA must pay $37 million to a Massachusetts woman who developed cancer from smoking Marlboro Lights cigarettes, the Massachusetts Supreme Judicial Court has ruled in a unanimous decision. The state’s high court found that Patricia Walsh …
Florida Could Study Use of Radioactive Gypsum on Roads if Bill Signed
Florida may study whether a radioactive waste byproduct of fertilizer production can be used to help build roads under a bill passed by the Legislature. The proposal, which awaits a signature from Republican Gov. Ron DeSantis, would task the state …
Disney Updates Lawsuit Against DeSantis to Add New Developments
Disney on Monday amended its free speech lawsuit against Gov. Ron DeSantis to add recent developments in the tit-for-tat fight between the entertainment giant and the Florida governor, such as a new law granting the state unprecedented authority to inspect …
FERMA: Appeal of Cyber Insurance May Weaken Without ‘Concerted Dialogue’
The Federation of European Risk Management Associations (FERMA) said it has concerns that the cyber insurance market is “evolving in isolation from the industries which it insurers,” and is calling for more certainty regarding the long-term viability of the product. …
BIBA CEO White to Retire Before Year End
Steve White, the longest-serving chief executive officer in the 47-year history of the British Insurance Brokers’ Association (BIBA), has announced he is stepping down in the fall. White on May 10 told the audience at the annual BIBA Conference that …
Oakland 2nd California Diocese to Seek Bankruptcy Over Abuse
The Roman Catholic Diocese of Oakland filed for bankruptcy Monday due to hundreds of new child sex abuse claims, becoming the second diocese in California to do so. The San Francisco Bay Area diocese faces more than 330 lawsuits brought …
Trump Liable for Sex Abuse, Must Pay $5 Million to Carroll
A federal jury in New York found Donald Trump liable for sexually assaulting writer E. Jean Carroll and then defaming her by calling her a liar, the first verdict against him in a string of legal cases that threaten to …