INSURANCE NEWS
Texas Supreme Court to Hear Case on Liability for Railroad Crossing Collision
The Texas Supreme Court has agreed to heart a case involving a collision of a train and a car at a railroad crossing that raises questions of federal preemption as well as sufficiency of evidence. Ladonna Sue Rigsby was killed …
OSHA Cites Ohio Roofing Contractor for 8th Time
For the eighth time since 2016, federal safety inspectors say they have found the owner of a Martin roofing company exposing roofers and other workers to the construction industry’s leading cause of death –falls from elevation – by failing to …
RiverStone Enters Loss Portfolio Transfer Reinsurance Agreement With AXIS Capital
RiverStone International, the Bermuda-based acquirer and reinsurer of legacy and discontinued insurance business, announced it has entered into loss portfolio transfer (LPT) reinsurance agreements with affiliates of AXIS Capital Holdings Ltd. The LPT agreements cover several of its professional lines …
Texas Republicans, Financial Executives Spar Over Climate Actions
Financial executives and Texas state senators clashed over company concerns for climate change at a hearing on Thursday, a rare in-person confrontation as Republicans ramp up attacks on the use of environmental, social and governance (ESG) factors in investing. Texas …
Michigan Ex-Boy Scout Leader Sentenced on Sex Abuse Charges
MOUNT CLEMENS, Mich. (AP) —A former troop leader was sentenced to 12 to 20 years in prison Wednesday after pleading guilty to two counts of criminal sexual conduct stemming from Michigan’s review of child sexual abuse lawsuits against the Boy …
Could G-7 Sanctions Against Russia Have Unintended Consequences?
The G-7 sanctions on Russian oil, which include a $60 per barrel price cap and restrictions on key services such as insurance, may have unintended consequences, according to a maritime insurance specialist. One of those consequences is the creation of …
West Virginia Puts All DMV Transactions Online, Speeding Process for Motorists, Insurers
West Virginia plans to speed up the process for motorists doing vehicle registrations and other transactions with the state. Gov. Justice Jim Justice said Wednesday that the Division of Motor Vehicles will expand its internet portal services for residents, vehicle …
Ship Reinsurers to Cease Covering War-Related Risks Related to Conflict in Ukraine
Some of the biggest names in ship reinsurance are days away from ceasing to cover key war-related risks for vessels going to Russia and Ukraine, a potential source of alarm for shipping firms moving everything from oil to grains. Hannover …
Twitter Must Notify Laid-Off Workers of Pending Lawsuit, Judge Rules
Twitter Inc must notify the thousands of workers who were laid off after its acquisition by Elon Musk of a proposed class action accusing the company of failing to give adequate notice before terminating them, a San Francisco federal judge …
Ewing-Leavitt Acquires Stolte Insurance Agency in Colorado
Loveland, Colorado-based Ewing-Leavitt Insurance acquired Stolte Insurance Agency in Arvada, Colorado. Owner Rodger Bailey and his staff will join Ewing-Leavitt Insurance and Leavitt Group. For the time being, Stolte Insurance will be keeping the Stolte name and branding. Stolte Insurance …
California School District Sued in Student’s Overdose Death
The mother of a 15-year-old girl who died of a suspected fentanyl overdose in a high school restroom has filed a negligence and wrongful-death lawsuit against the Los Angeles Unified School District. Elena Perez seeks damages, including “for the loss …
Florida Insurance Commissioner Resigns, Gives No Reasons or Future Plans
Florida’s insurance commissioner on Thursday announced his resignation, effective Dec. 28, surprising some in the industry despite rumors that have swirled for the past few days. David Altmaier, who has been in the role since 2016, during one of the …