INSURANCE NEWS
A Major Bank Failed. Here’s Why It’s Not 2008 Again
The financial institution best known for its relationships with high-flying world technology startups and venture capital, Silicon Valley Bank, experienced one of the oldest problems in banking – a bank run – which led to its failure on Friday. Its …
U.S. Judge Rules Against Google, Keeps DOJ Advertising Case in Virginia
A U.S. federal judge on Friday rejected a bid by Alphabet Inc’s Google to move a Justice Department lawsuit against it over dominance in advertising technology from Virginia to New York. “I am going to rule against you,” Judge Leonie …
Crash Test Dummies Need to Do Better: GAO
A recent report from the Government Accountability Office recommended the National Highway Traffic Safety Administration rethink crash test dummies in order to collect better data on more types of people. The investigative arm of Congress that examines the use of …
Florida Adjusters’ Charges of Doctored Damage Reports Gets Wider Spotlight
Allegations that some insurance carriers have altered field adjusters’ damage estimates has gained more national attention after The Washington Post reported on and documented examples of the practices. Leadership with Florida-based Heritage Insurance Co. and with Florida Peninsula Insurance, named …
Groups Say Fire Retardant Injunction Would Increase Western U.S. Risks ‘Dramatically’
Several groups of associations, cities and counties are attempting to challenge a case in Montana they say has the potential to take away an important tool from firefighting efforts at a time when Western U.S. wildfires are worsening. The groups, …
ALKEME Acquires Texas’ NAPA Insurance Center
ALKEME announced the acquisition of the NAPA Insurance Center, an Austin, Texas- based insurance agency that provides health and P&C Insurance to NAPA’s independently owned Auto Part Stores and Auto Care Centers nationally. Founded over 30 years ago, the NAPA …
People Moves: Valley Insurance Hires Weis as Personal Lines Coach; Ryan Specialty Promotes VanAcker to EVP
Valley Insurance Agency Alliance Hires Weis as Personal Lines Coach Valley Insurance Agency Alliance (VIAA) recently hired Brett Weis as personal lines coach. Weis will work with the VIAA’s development team and coach new and existing team members on best …
Gun Dealer Sued by Kansas City Reaches $150K Settlement
KANSAS CITY, Mo. (AP) – Kansas City has reached a settlement with one of the gun dealers it accused in a lawsuit of contributing to surging violence in the region by ignoring evidence that firearms were being sold illegally. Kansas …
Arkansas Tyson Workers Sue Over Lack of COVID Precautions
Thirty-four Tyson Foods employees, former employees and family members filed a lawsuit against the company Monday, saying it failed to take appropriate precautions at its meat-packing plants during the early days of the COVID pandemic. In the lawsuit, filed in …
Arkansas Lawmakers Send Governor Trans Care Malpractice Bill
LITTLE ROCK, Ark. (AP) – The Arkansas House sent the GOP governor a bill Wednesday to make it easier to sue doctors who provide gender-affirming treatment to minors, moving to effectively reinstate the state’s blocked ban on such care. The …
Jury: UPS Must Pay $75M to Missouri Family Hit by Truck
LIBERTY, Mo. (AP) – A jury found UPS Inc. must pay a Missouri family $75 million, after a company driver with a known history of drug abuse collided with a pregnant woman’s car, causing her baby to be born with …
5 Bodies Found in Rubble of Vacant House After Fire in Ohio
DAYTON, Ohio (AP) – Crews found the bodies of five people after a fire destroyed a house that had been vacant for years and recently had been home to about a dozen squatters, fire officials said. Dayton Fire Chief Jeff …