INSURANCE NEWS
Title Insurer Stewart Agrees to $2.5M ‘No-Poaching’ Settlement With New York
New York Attorney General Letitia James announced a settlement with one of the largest title insurance underwriters, Stewart Title Guaranty Corp., ending non-competitive no-poach agreements between Stewart and its competitors. As a result of this agreement, Stewart said it will …
Baltimore Police Say Carjackers Targeting Rideshare Drivers
Police in Baltimore are investigating dozens of rideshare carjackings and robberies over the past month but have seen more cases despite several arrests, Police Commissioner Michael Harrison said Wednesday. In many cases, an active rideshare driver’s car and phone are …
Lawsuits Alleging Maine Church Knew About Sex Abuse Now Number 14
Two more people have filed lawsuits alleging sexual abuse by a Roman Catholic clergy member and a nun — both deceased — raising the number to over a dozen since Maine loosened the statute of limitations last year. One of …
People Moves: Sompo Int’l Taps Berkshire’s Crozier for UK Casualty; AXA XL Re Promotes Abend for Bermuda Property; Gallagher Re Names Senior Leaders in Holland
This edition of International People Moves details appointments at Sompo International, AXA XL Reinsurance and Gallagher Re. A summary of these new hires follows here. Sompo Int’l Taps Berkshire’s Crozier for UK Retail Casualty Sompo International Holdings Ltd., a global …
State Fund Offering Extended Credit to Policyholders Affected by California Quake
State Compensation Insurance Fund says it will offer a 30-day credit extension to policyholders in Humboldt County, California, which was declared a state of emergency by Gov. Gavin Newsom after a large earthquake on December 20 near Ferndale. Thousands of …
BREAKING: Florida Citizens’ CEO Gilway Announces Retirement
He waited until the Florida Legislature had passed long-sought reforms but now Citizens Property Insurance Corp. CEO Barry Gilway is ready to retire after almost 11 years at the helm. Gilway announced at the Citizens Board of Governors meeting today, …
Michigan Sues Paper Company Over PFAS-Contaminated Waste
PORT HURON, Mich. (AP) _ The state of Michigan is accusing a former paper mill owner of sending contaminated waste to a composting site for decades in the Thumb region. The lawsuit seeks payments from Domtar Industries for identifying the …
Michigan’s Proctor Financial to Pay $67K Over Retaliation Suit
Proctor Financial, Inc., an insurance company based in Troy, Michigan that provides insurance products for residential and commercial properties, will pay $67,000 to settle a retaliation lawsuit brought by the U.S. Equal Employment Opportunity Commission (EEOC). According to the EEOC’s …
Buffalo Bus Driver Gets 5 Years Probation for Workers’ Compensation Claims Fraud
A former bus driver for the Niagara Frontier Transportation Authority (NFTA) has been sentenced to five years of probation for fraudulently obtaining workers’ compensation benefits by misrepresenting her injuries. She must also pay full restitution to the NFTA for money …
Texas Officials Confident in Power Grid as Temperatures Plummet
State officials warned residents Wednesday to prepare their homes and vehicles for the coming freeze while trying to reassure on-edge Texans that the electric grid will stay online. Temperatures are expected to plummet Thursday into single digits — with even …
Howden Acquires Italian TV and Film Broker Assimovie
Howden, the international insurance broker, announced it has agreed to acquire Assimovie, the leading TV, film and advertising insurance broker in Italy. The transaction underlines Howden’s continued commitment to invest in expertise by creating a Sport and Entertainment specialty for …
Women Sexually Abused by ICU Nurse Sue Colorado Hospital
Two women who say a nurse sexually assaulted them while they were unconscious in intensive care filed a lawsuit against the Colorado hospital where they were being treated, alleging the hospital’s management didn’t do enough to prevent the abuse. The …