INSURANCE NEWS
Wisconsin Republicans Propose $125M to Combat PFAS Pollution
MADISON, Wis. (AP) – Wisconsin Republicans on Thursday announced plans to put $125 million aside to combat pollution from so-called forever chemicals, putting off a decision on what exactly to spend the money on. The influx of money to deal …
Minneapolis to Pay $700K Settlement With Family Members Detained While Police Killed Their Father
MINNEAPOLIS (AP) – The city of Minneapolis has agreed to a $700,000 settlement with family members who were locked inside two squad cars when police killed their father after officers refused their offers to try and help calm him down. …
Bill Would Offer Crop Insurance Discount to Farmers Who Plant Cover Crops
A bipartisan bill proposed by federal lawmakers would provide farmers a discount on crop insurance premiums by planting cover crops. The Conversation Opportunity and Voluntary Environment Resilience (COVER) Act, proposed last week by Sen. Sherrod Brown, D-Ohio, and Reps. Sean …
Carroll Adds Trump’s Post-Verdict Remarks to Defamation Case, Seeks at Least $10M
E. Jean Carroll, the advice columnist who won a $5 million sexual abuse and defamation award against former President Donald Trump, is seeking at least $10 million more in a court filing Monday that seeks to hold him liable for …
Florida Reinsurance ‘More Orderly’ as Defense Costs Begin to Ease, Analysts Say
With the June 1 reinsurance renewals a week away, the outlook for Florida-based property insurers may not be quite as dire as many had predicted earlier this year, at least according to a top official with one of the world’s …
Utah Allocates Millions to Prepare for Flood Damage After Wet Winter
As the winter’s record snowpack melts and cascades down from the Rockies, Utah lawmakers set aside millions of dollars to prepare for potentially historic flooding. The state is among the many in the American West confronting the wet winter’s consequences, …
Washington Startup’s Ex-CFO Accused of Diverting $35M, Losing It in Crypto
The former chief financial officer of a Seattle, Washington-based startup took $35 million of his employer’s money without permission and lost it by investing in cryptocurrency before the crypto market crashed last year, according to a federal indictment returned by …
Columnist Seeks to Add $10M to Defamation Case for Trump’s Post-Verdict Comments
E. Jean Carroll, the advice columnist who won a $5 million sexual abuse and defamation award against former President Donald Trump, is seeking at least $10 million more in a court filing Monday that seeks to hold him liable for …
Truck Driver in Multi-Vehicle Freeway Crash That Killed 7 in Oregon Arrested
The driver of a semitruck that slammed into a passenger van on Interstate 5 in western Oregon, killing 7 people in one of the state’s deadliest crashes in recent years, was arrested on suspicion of manslaughter, DUI and other charges, …
Cyber Attack Could Threaten Canada’s Overall Financial Stability: Central Bank
The Bank of Canada on Thursday [May 18] said it was worried that a major cyber attack on one part of the financial system could quickly spread and threaten overall financial stability. In an annual review of Canada’s financial system, …
Michigan’s Mackinac Bridge Cleared as Safe After Being Hit by Crane
ST. IGNACE, Mich. (AP) – A crane being towed on a barge hit the main span of the Mackinac Bridge, although an official says inspectors found no significant damage to the span linking the Michigan’s lower and upper peninsulas. The …
Wisconsin’s United Mutual to Merge Into Ohio Mutual Holding Company Structure
Ohio Mutual Insurance Group announced that it has reached agreement to merge Medford, Wisconsin-based United Mutual Insurance Company as a subsidiary under Ohio Mutual’s mutual holding company structure. The boards of directors for both organizations voted on May 17 to …