INSURANCE NEWS
G-7 Nations, EU Agree to Price Caps on Russian Refined Oil Products
European Union countries agreed to set price caps on Russian refined oil products to limit Moscow’s funds for its invasion of Ukraine, the Swedish presidency of the EU said on Friday. EU diplomats said the price caps are $100 per …
FTC Is Preparing Potential Antitrust Case Against Amazon
The US Federal Trade Commission is preparing a possible lawsuit against Amazon.com Inc. that could be filed as soon as this spring, according to people familiar with the investigations. The allegations the agency is preparing to make and the timeline …
Tesla’s Elon Musk Found Not Liable in Trial Over 2018 ‘Funding Secured’ Tweets
A U.S. jury on Friday found Tesla Inc. CEO Elon Musk and his company were not liable for misleading investors when Musk tweeted in 2018 that he had “funding secured” to take the electric car company private. Plaintiffs had claimed …
Florida Citizens’ Endorsement Now in Effect: Claims Disputes to be Heard by Admin Judges
As of this month, most Florida Citizens Property Insurance Corp. claims disputes will now be heard and decided by the state Division of Administrative Hearings, not in a court of law. Officials at Citizens and at DOAH aren’t expecting a …
California Workers’ Comp Department’s Medical-Legal Evaluation Regulations OK’d
The Office of Administrative Law approved the California Division of Workers’ Compensation regulations affecting its Medical-Legal Evaluation program. The regulations include the permanent adoption of emergency regulations allowing telehealth evaluation by Qualified Medical Evaluators, and changes to the rules regarding …
People Moves: Former Arizona Insurance Regulator Joins Mitchell Sandler
Evan Daniels, a former Arizona insurance regulator, has joined Mitchell Sandler as counsel. Daniels joins the Washington, D.C.-based company after leading the Arizona Department of Insurance & Financial Institutions, where he led the state’s regulatory agency that licenses and oversees …
People Moves: DUAL Hires Chief Risk Officer, Actuarial Lead; Allianz Nabs Chubb COO to Head N.A. Financial Lines
DUAL Hires Chief Risk Officer and Actuarial Lead DUAL North America, Inc., based in Naples, Florida, has hired Ranjit Jaswal as chief risk officer and Luke Wolmer as senior vice president of actuarial and data analytics. Jaswal brings over 25 …
People Moves: Beavers promoted to VP of Client Solutions at RYZE Claim Solutions; Alera Appoints Midwest Regional Managing Director
RYZE Claim Solutions Names Beavers Vice President of Client Solutions Teresa Beavers has been promoted to vice president of client solutions at RYZE Claim Solutions. Beavers, who has 33 years of experience in the claims industry, joined RYZE in 2001 …
Police Settle La. Suit Over 2020 Beating of Black Man
SHREVEPORT, La. (AP) – A settlement has been reached in a lawsuit filed by a Black man who said police officers in a Louisiana city threw him to the ground, slammed his face into the sidewalk and detained him in …
Texas Winter Storm Cancels Flights, Keeps Thousands Without Power
AUSTIN, Texas (AP) – A mess of ice, sleet and snow lingered across much of the southern U.S. on Thursday as thousands in Texas endured freezing temperatures with no power, including many in the state capital of Austin, but a …
Illinois Supreme Ct.: 5-Year Statute of Limitations Applies to Biometric Privacy Claims
Plaintiffs have five years to file claims to allege violations of the Illinois Biometric Privacy Act, the state Supreme Court ruled Thursday, rejecting arguments by business advocates that a one-year statute of limitations should apply. In a 5-0 decision, the …
FedEx Loses Bid to Undo $366M Racial Bias Verdict, Files Appeal
A U.S. judge rejected FedEx Corp’s request to throw out or reduce a jury’s $366 million damages award to a Black former employee who said the package delivery company fired her after she complained about racial discrimination. FedEx appealed the …