INSURANCE NEWS

Indiana Attorney General Sues Apartments Owners Over Alleged Uninhabitable Conditions

Indiana Attorney General Todd Rokita filed a civil lawsuit against the owners and property managers of Lake Castleton Apartments in Indianapolis, alleging that they have systematically failed to repair critical systems such as air conditioning and plumbing. Further, the landlords …
Read More

The Art of Negotiation: Benchmark, Bundle, Trade

“Everything is a negotiation,” says leadership expert John Burrows. Whether you’re working on a multimillion-dollar M&A deal, arguing for a better salary during a job offer, or simply trying to choose where to order takeout for your family dinner, “we’re …
Read More

People Moves: Marinello Named ReSource Pro Senior Director, Partnerships; United Risk Makes Additions to Leadership Team

Marinello named ReSource Pro Senior Director, Partnerships and Advisory ReSource Pro, headquartered in New York City, appointed Rob Marinello as senior director of partnerships and advisory. Marinello will spearhead the expansion and formalization of the company’s partnership program. Marinello has …
Read More

Trump Urges Congress to Block State-Level AI Regulation

President Donald Trump called on Congress to pass a federal standard governing oversight of artificial intelligence and warned that varied regulation at the state level risked slowing the development of an emerging technology that’s critical to the US economy. In …
Read More

Florida Judge Orders Citizens’ Arbitration to Continue, Clashing With Other Order

The legal battle over Florida’s property insurer of last resort’s use of a state agency to hear claims disputes in arbitration took new turns this week, prompting one policyholder attorney to note that a move designed to reduce courtroom time …
Read More

Families Sue Air Ambulance Company Over 2 Deaths in Philadelphia Crash

The families of two of the eight people killed earlier this year when an air ambulance crashed in Philadelphia filed a lawsuit on Monday, claiming the medical air transport company and others negligently caused their deaths. The wrongful death case …
Read More

King Risk Partners Buys Acacia Insurance in Massachusetts

Florida-based national insurance agency King Risk Partners announced its continued expansion into the New England market through the acquisition of Acacia Insurance, an independent agency located in Waltham, Massachusetts. Acacia Insurance provides personal and commercial insurance solutions, including coverage for …
Read More

Buffett Utility Reaches Oregon Wildfire Deal With Nearly 1,500 Victims

Berkshire Hathaway Inc.’s PacifiCorp said it has reached a $150 million settlement with 1,434 plaintiffs associated with the 2020 Labor Day fires in Oregon. The accord, disclosed Wednesday in a regulatory filing, will resolve claims by property owners that the …
Read More

Lloyd’s Probing Conduct of Ex-CEO Who Had Been Set to Join AIG

Lloyd’s of London is investigating its former chief executive officer, John Neal, who was set to start at American International Group Inc. next month before the company disclosed he’s no longer joining due to “personal circumstances.” Lloyd’s Chairman Charles Roxburgh …
Read More

AM Best Downgrades State Farm Mutual Auto

AM Best has downgraded the financial strength ratings of State Farm Mutual Automobile Insurance Company and its affiliates to A+ from A++, reflecting a revision to Best’s assessment of the group’s operating performance. The affiliates included in the rating action …
Read More

Former Florida Broker and Texas Man Convicted in ACA Scheme That Paid $180M

A federal jury in south Florida this week convicted a formerly licensed insurance broker and the head of a marketing firm for their roles in a years-long scheme to fraudulently enroll homeless people in Affordable Care Act insurance plans. Cory …
Read More

HP Seeking $1.8 Billion From Mike Lynch’s Estate After UK Autonomy Lawsuit

Hewlett Packard Enterprise is seeking nearly $1.8 billion from the estate of the late Mike Lynch over HP’s acquisition of his British tech firm Autonomy, the U.S. technology giant’s lawyers told London’s High Court on Tuesday. Hewlett Packard is seeking …
Read More