INSURANCE NEWS

Twitter Accused of Ducking a Fight Over Musk’s Mass Layoffs

Twitter Inc. is refusing to engage in arbitration with ex-employees who were fired when Elon Musk took over the company after pushing them to use that process to resolve claims that they weren’t paid, didn’t get promised severance, or were …
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Fla. High Court: 2-Year Statute of Repose Applies, Even in Liability Insurance Suits

A Florida Supreme Court decision has put to rest some questions about whether a statute of limitations on lawsuits can be extended just because the insurance carrier is a party being sued. It cannot, the court held last week in …
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Know the Plaintiff Side Through Data, Drive Down Litigation Costs

One of the most significant challenges facing property and casualty (P&C) insurers is the sheer volume of unstructured data from various sources needed to make informed decisions. The claims process is complex, often involving multiple parties, varying legal issues and …
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Using Forklift to Tow Vehicle at Night Not Covered by Shop’s Liability Policy – MS Court

Using the boss’ forklift to tow a personal vehicle to a welding shop at night is not work-related and is not covered by a Penn-Star Insurance commercial liability policy, the Mississippi Supreme Court has decided. “The trial court’s order denying …
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Truck Driver Who Triggered Deadly Arizona Freeway Collision Had Just Been on Tiktok

A tractor-trailer driver was on the social media app TikTok just before causing a Phoenix-area freeway collision that killed five people, authorities said. The Arizona Department of Public Safety announced in a news release that 36-year- old Danny G. Tiner …
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Mercury Offering New Homeowners and Renters Coverages and Discounts in Nevada

Los Angeles, Calif.-based Mercury Insurance announced five new coverages and five new discounts available for homeowners and renters in Nevada. Mercury’s new coverages provide additional insurance protections with an option for environmentally-friendly replacement products. Discounts are available for homeowners already …
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Thousands of Southern California Hotel Workers Strike, Demanding Better Pay and Benefits

Thousands of hotel workers in Southern California walked off the job on Sunday, demanding higher pay and better benefits in what the union is calling the largest strike in its history. Cooks, room attendants, dishwashers, servers, bellmen and front desk …
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TWIA Committee to Review 2023 Rate Adequacy at July Meeting

The Texas Windstorm Insurance Association (TWIA) Actuarial and Underwriting Committee will meet July 11 to review the association’s 2023 rate adequacy analysis. TIWA’s rate analysis for 2023 indicates that current rates are inadequate by 20% for residential coverage and 22% …
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Risk Strategies Acquires Ohio’s First Insurance Group

Risk Strategies and Premier Financial Corporation announced that Risk Strategies has acquired Ohio-based First Insurance Group from Premier Financial Corp., (Nasdaq: PFC), a community banking and financial services holding company based in Defiance, Ohio. Founded in 1946, First Insurance Group …
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Florida Injury Attorney Arrested in Homicide of his Father in Boca Raton

A south Florida injury attorney, suspended from practice this year over alleged financial irregularities, has been charged with murdering his father, Boca Raton lawyer Paul Labiner. News outlets and the Palm Beach County Sheriff’s Office reported that Brandon Scott Labiner, …
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NCOIL Writes IRS, FTC on Rules it Says Infringe State Regulation

The National Council of Insurance Legislators last week urged the Internal Revenue Service and the Federal Trade Commission to reconsider proposed rules that the organization said encroaches on state regulation. The first of the letters from NCOIL addresses a years …
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People Moves: BindDesk Insurance Services in California Names Young President

BindDesk Insurance Services, headquartered in San Diego, Calif., named Robert Young president. Young has more than 30 years of experience in the insurance industry. Young led the startups of two wholesale operations, Magellan Insurance Services and Valiant Insurance Services. His …
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