INSURANCE NEWS
Louisiana’s Donelon Elected Chair of NAIC Southeast Zone
Louisiana Insurance Commissioner Jim Donelon was selected to chair the National Association of Insurance Commissioners (NAIC) Southeast Zone during the organization’s Fall National Meeting. Prior to his election as chair, Commissioner Donelon had served as secretary of the Southeast Zone. …
Suspect in Shootings in Northern California Was Agricultural Employee
An agricultural worker killed seven people in back-to-back shootings at two mushroom farms that had employed him in Northern California and the massacre is believed to be a “workplace violence incident,” officials said as the state mourned its third mass …
Hardening Construction Market Gives Way to Rise of Captives
Amid a historically hard construction market, middle and large-sized companies looking for alternatives to traditional insurance may turn to captives to find stable pricing and greater capacity. Captives, licensed insurance companies owned by their insureds, carry appeal to construction businesses …
Attorney for La. Insurer Says Firm Working with Contractors to Find New Hurricane Claimants
An insurance defense attorney accuses the McClenny Moseley & Associates law firm of teaming up with restoration contractors to illegally acquire clients, which sometimes resulted in duplicate lawsuits being filed against insurers for claimants who were already represented by other …
Murdaugh Lawyers Want to Bar Lots of Evidence in Trial
Before testimony begins in South Carolina attorney Alex Murdaugh’s murder trial, defense lawyers will ask the judge to make a pair of key rulings this week that could strike a massive amount of evidence from the case. Prosecutors want to …
Texas Environmentalists Look to Crack Down on Methane Emissions
In a marathon three-day public hearing, close to 300 people across the country gave comments on the agency’s supplemental proposal to reduce methane in oil and natural gas operations. Many called in from Texas, New Mexico, Pennsylvania and other oil …
Vermont Workers’ Compensation Rates to Fall Again
Vermont businesses will see another rate decrease in workers’ compensation insurance in 2023. This will mark the seventh consecutive year of rate reductions. The loss cost decrease of an average 6.7%, which takes effect April 1, will save Vermont employers …
Sentry Teams Up With Motive For Commercial Trucking Telematics Program
Sentry Insurance, a leading provider of commercial trucking insurance, has announced a telematics program with Motive that will customers up to 5% on their Sentry premiums for sharing their electronic logging device (ELD) and dash cam data from the Motive …
Ohio Dollar General Fined $395K for Hazardous Workplace Conditions
Following yet another inspection – this time at a West Lafayette, Ohio, Dollar General location – federal investigators found one of the nation’s largest discount retailers continues to shelve serious safety concerns that expose workers and others to the dangers …
FBI Says N. Korea-Related Hacker Group Behind Crypto Firm Heist
A hacker group associated with North Korea, the Lazarus Group, also known as APT38, was responsible for the theft last June of $100 million from U.S. crypto firm Harmony’s Horizon bridge, the Federal Bureau of Investigation said on Monday. On …
Subpoena Granted in Reno Mayor’s Lawsuit over Tracking Device
A Nevada judge has granted subpoenas sought by Reno Mayor Hillary Schieve to force a private investigator to identify who hired his firm to secretly install a tracking device on her vehicle. Washoe County District Judge David Hardy approved the …
Moody’s RMS Estimates $5B-7B in Economic Losses from California Flooding
Moody’s RMS estimates total economic losses from the recent California flooding at between $5 billion and $7 billion, and insured losses are anticipated to be between $500,000 and $1.5 billion, including losses to the National Flood Insurance Program and the …