INSURANCE NEWS
Wildfires Ravage Louisiana Amidst Record Heat and Drought
BATON ROUGE, La. (AP) – Hundreds of wildfires are burning in Louisiana, as triple-digit temperatures continue to scorch parts of the state amid little chance of relief because of the lack of rain in the forecast. While many of the …
Tornado Cash Founders Charged by US in Money Laundering Scheme
Two founders of Tornado Cash, a cryptocurrency mixing service that has been under scrutiny by various US agencies for more than a year, were charged with helping launder more than $1 billion for clients that included a North Korean cybercrime …
US Sues SpaceX, Alleges Hiring Discrimination Against Asylum Seekers, Refugees
The U.S. Justice Department sued Elon Musk-owned rocket and satellite company SpaceX on Thursday for allegedly discriminating against asylum seekers and refugees in hiring. “The lawsuit alleges that, from at least September 2018 to May 2022, SpaceX routinely discouraged asylees …
Michigan Court of Appeals Upholds Decision Striking Down State Water Rules on PFAS Chemicals
DETROIT (AP) – The Michigan Court of Appeals has upheld a decision striking down state water rules designed to limit exposure to household and industrial chemicals known as PFAS, which are commonly referred to as forever chemicals. The rules, however, …
How Aerial Imagery and AI are Helping Florida’s Insurers with Climate Change and Fraud
Residents of Southeastern states like Florida will be looking ahead to the heart of hurricane season with trepidation. With climate change bringing storms that are wetter, slower and more prone to intensifying rapidly, insurers are struggling to assess risk and …
Five Hurt, One Critically, When Wall Collapses at Construction Site
One person was critically injured and four others were hurt when a wooden wall at a home under construction in Massachusetts collapsed on them Wednesday morning, authorities said. The construction workers were trapped in the collapse in Bedford at about …
Deadly Heat Wave Sweeps Central US, Threatening Power Grid and Straining Resources
AUSTIN, Texas (AP) – Deadly heat that has gripped Texas for much of the summer has spread into other parts of the central U.S. this week where it is forecast to stay for days, with triple-digit temperatures buckling roads, straining …
Shareholders Sue Hawaiian Electric Over Maui Wildfires
Shareholders of Hawaiian Electric HE.N on Thursday filed a lawsuit against the utility provider in a San Francisco federal court, alleging the company’s failure to disclose important information about its wildfire prevention and safety protocols. Hawaiian’s protocols and procedures were …
Former University of Southern California Star Reggie Bush Plans Defamation Suit Against NCAA
Former Southern California running back Reggie Bush plans to file a defamation lawsuit against the NCAA over a statement made by college sports’ governing body about the reasoning for its decision not to restore the Heisman Trophy winner’s records. Bush …
Signers National Acquires Eclipse Risk Insurance Services in California
Signers National acquired nonprofit insurance company Eclipse Risk Insurance Services in California. Signers National also acquired the nonprofit insurance firm Whittaker Agency in Illinois. The two new businesses will be run under Lamb Insurance Services, a member company and retail …
Lamb Insurance Services Acquires Illinois-Based Whittaker
Signers National announced the acquisition of nonprofit insurance company Eclipse Risk Insurance Services and Whittaker Agency, which will be be run under Lamb Insurance Services, a member company and retail agency in the Signers National family of businesses. Whittaker is …
Texas Wire Drawing Company Faces $299K in Fines After Fatal Workplace Accident
A federal investigation has found that a San Antonio, Texas wire drawing company could have prevented an employee from suffering fatal injuries by following required workplace safety standards. Investigators with the U.S. Department of Labor’s Occupational Safety and Health Administration …