INSURANCE NEWS
People Moves: VIAA Names Von Ruden Personal Foundation Coach; Holmes Murphy Names Tanny Property Casualty VP
Valley Insurance Agency Alliance Hires Von Ruden as Personal Foundation Coach Valley Insurance Agency Alliance (VIAA), headquartered in St. Louis, Missouri, recently hired Trish Von Ruden as personal foundation coach. Von Ruden will coach new and existing team members on …
New Orleans Steamboat Company Fined $100K for Violating Clean Water Act
The New Orleans Steamboat Company (NOSC) was charged on May 26, 2023 with violating the Clean Water Act (“CWA”) in connection with a discharge of excess ballast material into the Industrial Canal in New Orleans in 2019, according to the …
Coinbase Suit May Finally Send Crypto Debate to Supreme Court
The SEC’s new lawsuit against Coinbase Global Inc. appears best positioned among cryptocurrency cases to let the US Supreme Court finally decide if digital assets count as securities. The crypto tokens traded by Coinbase users should be treated as unregistered …
Companies Face Less Pressure for Climate and Social Reforms
Shareholder support for proxy resolutions on topics including climate change and workforce diversity dropped significantly this spring, analysts said, as tough proposals from activists met with growing political pressure on fund firms’ voting. Halfway through the shareholder annual meetings of …
UK Eyes War-Risk Insurance Scheme for Ukraine’s Reconstruction
The UK is drawing up a war-risk insurance scheme that it hopes will convince investment companies as well as tech, energy and defense firms to back Ukraine’s reconstruction with billions in aid, people familiar with the plans said. Britain is …
Farmers CEO Reverses Course to Require Hybrid Work Schedule for Employees
New Farmers Group CEO Raul Vargas has reversed a prior company decision to allow most workers to do their jobs from home by instituting a hybrid work scheduling starting in September. Despite some employees reportedly making major life changes – …
Florida Lawmakers Finally Approved Workers’ Comp Physician Reimbursement Plan
For the first time in six years, Florida has a new health care provider reimbursement manual, governing workers’ compensation fees for doctors. But the manual already could be considered three years out of date. It also will soon face a …
New Jersey’s Montclair Township Cyber Attack Reported on Election Day
Montclair Township in New Jersey has been hit by a cyber attack, Mayor Sean Spiller reported on June 6. The town was holding a municipal election on June 6. According to the mayor, the attack did not affect any voting …
Alabama High Court Declines to Lift Injunction Blocking Coastal Bridge
A divided Alabama Supreme Court on Friday declined to lift a preliminary injunction blocking construction of a new coastal bridge. Justices in a 5-3 decision declined the emergency request from the Alabama Department of Transportation to lift the injunction halting …
People Moves: Shepard to Lead FCCI New England Surety Business Expansion
FCCI Insurance Group has hired Phil Shepard to lead its surety line of business expansion into New England. FCCI is now writing contract and commercial surety bonds in the six New England states – Connecticut, New Hampshire, Maine, Massachusetts, Rhode …
Michigan Lawmakers Introduce Legislation to Give Sex Abuse Victims More Time to Sue
LANSING, Mich. (AP) – Michigan lawmakers introduced bipartisan legislation Tuesday that would give victims of sexual abuse more time to sue for damages as the state again looks to overhaul laws following multiple sexual abuse scandals. The legislation, which appeared …
NC Bill Banning Environmentally Conscious Investment Advances in Senate
North Carolina agencies and state pension plans would be prohibited from using socially and environmentally conscious criteria to make investment decisions or hire employees, under legislation that advanced Wednesday in the state Senate. The proposal, which passed the GOP-controlled House …