INSURANCE NEWS
Fire Departments Halt Service Due to Lapse in Workers’ Compensation
Last week, two volunteer fire departments in Vandergrift Borough, Pennsylvania suspended their services because their workers’ compensation insurance policies lapsed. State law requires fire departments to have the coverage. Because of the lapse in insurance, the firefighters could not respond …
Tesla’s Gigafactory Water Use Surges in Austin as New Chip Plant Looms
Tesla’s Giga Texas increased its annual treated water use by more than 200 million gallons in just two years, raising concerns about whether Austin can fulfill its long-term water conservation plans as Elon Musk advances plans for a new semiconductor …
Farmers Face Local Opposition to Host Solar
Through the window of his combine, Wayne Greier watches his teenage son Blake drive a tractor across an empty field, towing a plow into position for another uncertain season of spring planting. Greier would be worrying less if the solar …
Trucordia Acquires Louisiana’s JJL&W Insurance Consulting
Trucordia announced its acquisition of the assets of JJL&W Insurance Consulting, an employee benefits brokerage based in Baton Rouge, Louisiana. JJL&W was founded in 2020 by partners Jeff Joffrion, Troy Jones, Mitch Lansing, and Jeff Wampold, The JJL&W team focuses …
Missouri Waste Management Company to Settle Sex Discrimination Lawsuit
A Missouri waste management company has settled a federal lawsuit charging it rejected female applicants based on sex, the EEOC announced. Allied Services, LLC, doing business as Allied Waste Services of the Ozarks / Republic Services of the Ozarks will …
People Moves: Aon Commercial Risk Taps Reed From Howden as CCO in UK; BHSI UK Names Kirby Country Manager and Nixon to Lead Exec & Professional Lines
This edition of International People Moves details appointments at Aon Commercial and Berkshire Hathaway Specialty Insurance (BHSI). A summary of these new hires follows here. Aon Commercial Risk Taps Howden’s Reed as CCO, Major, Complex and Enterprise Clients in UK …
Albertsons Reaches $774 Million Opioid Accord, Records Loss
Albertsons Cos. announced a $774 million settlement to resolve all opioid-related claims, making the grocery chain one of the last major retailers to reach such a deal. Due to the settlement, the company recorded a charge of about $600 million …
NC Suspect Charged With Arson After Dousing Woman and House With Gasoline
North Carolina authorities arrested man accused of setting a woman on fire, leaving her with with serious burns and damage to her house in Roseboro. Firefighters and deputies were called to a structure fire Saturday night in the town of …
Middle East War Spotlights Florida’s Fuel Supply Vulnerability
Florida residents have paid significantly more than the nationwide average for gasoline and diesel in recent weeks as the U.S.-Israeli war with Iran forces the Sunshine State to compete with Europe and Asia for fuel produced in Texas and other …
Millions of Rockstar Games Business Records Stolen, Hacking Group Says
A hacking group with a history of compromising major global corporations said it had stolen nearly 80 million business records from video game developer Rockstar Games, the maker of Grand Theft Auto. The claim was posted to the website used …
USGS: Magnitude 5.7 Quake Strikes in Nevada, Aftershocks Likely
An earthquake with a 5.7 magnitude struck 20.4 kilometers (12.7 miles) east-southeast of Silver Springs, Nevada, according to a report from the U.S. Geological Survey. Nearby cities include Carson City (42 miles), Reno (45 miles) and South Lake Tahoe (58 …
Canadian Insurers Push Owners to Fortify Homes, Urge Carney to Prioritize Climate Risks
Worried about wildfires sending claims soaring this year, Canada’s property and casualty insurers are pushing owners to flood- and fire-proof homes and urging the government to take climate issues more seriously despite economic turmoil. Insurers Intact Financial, TD Insurance, Wawanesa …