INSURANCE NEWS
Mondelez Voluntarily Recalls Two Varieties of belVita Biscuits
Mondelez International’s subsidiary has voluntarily recalled two varieties of belVita Breakfast Sandwich biscuits in the U.S. over possible undeclared peanut in the products. Mondelez Global LLC said on Monday that these products sold at retail stores nationwide may contain undeclared …
Liberty Mutual, Auto-Owners See DPW Jump in Q1
Though the U.S. commercial auto insurance industry’s 2022 combined ratio came in above 100 for the fourth time in five years, Liberty Mutual and Auto-Owners started 2023 with double-digit growth in direct premiums, according to S&P Global Market Intelligence. Compared …
Analytics Company Says Law Firms Using Google Searches to Drive Litigation
National law firms are investing $10 million to $12 million annually each to direct Google searches to websites that they control in an effort to find new clients to file lawsuits against insurance companies, according to 4Warn, a New Hampshire-based …
Washington Insurance Commissioner Issues $40K in Fines For Violations
Washington Insurance Commissioner Mike Kreidler issued $40,863 in fines in June against insurance companies and insurance producers for violations of state insurance laws and regulations. Following are the parties fined and their reported violations: Unauthorized insurers Drico Insurance Co., Salt …
11 People Charged in Alleged $8M Delaware Valley Catalytic Converter Theft Ring
A Philadelphia towing firm and 10 adults one juvenile have been charged in what prosecutors say is a multi-million dollar theft ring that targeted catalytic converters in the Delaware Valley region. The Bucks County District Attorney’s office identified TDI Towing …
Big I Releases Video Statement From Chairman Costello on Rusbuldt
The Independent Insurance Agents and Brokers of America (The Big I) on Wednesday released a video statement from Chairman John Costello related to the organization’s move to relinquishing retiring chief executive Bob Rusbuldt of his duties immediately after a conference …
Help Arrives to Battle Growing Wildfire in Washington
Authorities have more than doubled the number of people battling a wildfire that has burned structures and forced the evacuation of homes in southwestern Washington near the Columbia River Gorge. The blaze that began Sunday in the unincorporated area of …
TIPOGNO Installs 2023-2024 Officers and Board of Directors
The Insurance Professionals of Greater New Orleans (TIPOGNO) installed the 2023-2024 Officers and Board of Directors at their 80th Annual Installation Dinner on Thursday, June 29, 2023. TIPOGNO is a dynamic group of insurance professionals that meet every other month …
Texas Oilfield Services Firm Sued for Race and National Origin Discrimination
Liberty Energy, Inc. doing business as Liberty Oilfield Services, LLC, subjected three mechanics to discrimination and harassment at an Odessa, Texas facility, the U.S. Equal Employment Opportunity Commission (EEOC) charged in a lawsuit. According to the lawsuit, a Black mechanic …
Insurtech Honeycomb Given Approval to Write Policies in Indiana
The Indiana Department of Insurance has given Honeycomb Insurance approval to write policies statewide. The digital insurer has built proprietary technology offering comprehensive insurance coverage for apartment buildings, condominium associations, and single-family rental dwellings. Honeycomb’s broker-facing platform empowers industry professionals …
Western Michigan Fireworks Explosion Kills Woman, Damages Several Homes and Vehicles
PARK TOWNSHIP, Mich. (AP) __ A fireworks explosion in western Michigan killed one woman left nine other people with injuries ranging from critical to minor, the Ottawa County Sheriff`s Department said. The explosion happened Monday, but a news release from …
Springfield, Illinois Residents Go Days Without Power After ‘Widespread, Devastating’ Derecho Winds
SPRINGFIELD, Ill. (AP) – The fierce derecho that tore through Springfield late last week snapped massive utility poles and trees, causing widespread power outages that are expected to leave many homes in the dark for several more days, officials said …