INSURANCE NEWS

Ohio Machining Company to Pay $2M to Settle Sex Discrimination Case

Glunt Industries, Inc., a Warren, Ohio machining company which operates four large-scale fabrication plants, will pay $2 million and provide other relief to settle a lawsuit filed by the U.S. Equal Employment Opportunity Commission (EEOC), the federal agency announced today. …
Read More

Former AIG, BHSI, Lloyd’s Executive Tom Bolt Dies

Well respected insurance veteran Tom Bolt has died, one of his former employers announced on Friday. “Tom was a highly accomplished insurance executive, who was deeply respected and widely admired in the global business community,” American International Group (AIG) said …
Read More

Vietnam Flood Deaths Reach 90 as Damage Sweeps Central Region

Severe and prolonged flooding across Central Vietnam has killed 90 people and left 12 others missing, the government said. More than 1,154 homes were damaged and about 186,000 houses inundated at the peak of the floods, the Ministry of Agriculture …
Read More

COP30 Climate Deal Fails to Detail Fossil Fuel Cuts, but Pledges Adaptation Funding

United Nations climate talks in Brazil reached a subdued agreement Saturday that pledged more funding for countries to adapt to the wrath of extreme weather. But the catch-all agreement doesn’t include explicit details to phase out fossil fuels or strengthen …
Read More

AIG to Pay Neal $2.7 Million to Cover Previous Firm’s Bonus

American International Group Inc. will hand a multimillion-dollar payout to insurance executive John Neal, even as the executive’s employment ended before he joined the firm. The insurer will pay Neal $2.7 million to compensate for “foregone incentives at his former …
Read More

Farmers Eliminating Homeowners Insurance Policy Cap in California

Farmers Insurance announced it will eliminate the cap on the number of homeowners insurance policies it offers in California. The move is part of a new filing, and the cap removal is effective immediately, made in anticipation of an improved …
Read More

Florida Republicans Oppose Trump Offshore Oil Leasing Plan

Florida Republicans, including Governor Ron DeSantis, said they oppose a Trump administration plan that could allow new oil and gas drillingin waters off the state’s Gulf Coast. The reactions came in response to an Interior Department proposal published on Thursday …
Read More

Spanish Court Orders Meta to Pay Nearly €500 Million in Damages to Media Outlets

Spanish legacy media companies in Spain scored a victory against social media giant Meta after a Madrid-based court ordered Thursday [Nov. 20] that it must pay news outlets nearly half a billion euros in damages. According to a court statement, …
Read More

North Carolina Motorist Tells 911: Eagle Dropped a Cat Through the Windshield

A motorist in western North Carolina escaped injury when the carcass of a cat crashed into the passenger side of her front windshield along a highway near the Great Smoky Mountains National Park. In a call to 911, the unidentified …
Read More

Indonesia Seizes 8 Containers of Imported Zinc Powder Contaminated With Caesium-137

Indonesia has seized eight containers of imported zinc powder found to be contaminated with radioactive caesium-137, an official said on Monday, as the Southeast Asian country steps up efforts to intercept contaminated goods leaving and entering the country. The containers …
Read More

Ozempic Users in Denmark Win Eye-Disease Payout

Four patients who developed a serious eye disease after using Novo Nordisk A/S’s blockbuster weight-loss drugs have been granted compensation in Denmark, the drugmaker’s home market. The claimants received a combined 800,000 kroner ($124,000), though that figure may rise if …
Read More

US States Take Aim at Data-Driven Pricing to Ease Consumer Pain

Even as the White House seeks to roll back state laws on artificial intelligence, states are pursuing an increasing number of bills to ban tech-driven pricing practices in an effort to bring consumers relief from high costs. By taking on …
Read More