INSURANCE NEWS
Bored-Ape NFT Investors Are Suing Bieber, Madonna and Other Celebrity Promoters
The creator of the popular Bored Ape Yacht Club collection of NFTs and its promoters, including Madonna, Paris Hilton and Justin Bieber, were sued by investors claiming they were duped into buying the collectibles by celebrities who didn’t disclose they …
EPL Exposures Redefined Post Pandemic: PLUS Panel
Post-Covid changes in the workplace have created a slew of new issues and exposures for employers. From the changing attitudes toward job flexibility and accommodations to the need for employee training to prevent pay-related litigation, employers are navigating new needs …
Florida Senate Committee Passes Reform Bill; Would Make Citizens’ Rates ‘Noncompetitive’
A Florida Senate Committee spent about two hours Monday reviewing a sweeping property insurance reform bill before approving it along party lines – with no changes. All nine Republicans on the Senate Banking and Insurance Committee voted in favor of …
Army Corps Questioned Over $52 Billion Flood Control Plan With Movable Barriers, Gates
PERTH AMBOY, N.J. (AP) — People are asking questions about a storm protection proposal for New York and New Jersey that would be among the most massive and costly flood control projects ever done in America, aiming to prevent the …
Students Sue University of Vermont Over Response to Sexual Assaults
Three women are suing the University of Vermont, saying the school failed to adequately respond after they reported they had been sexually assaulted while students on the Burlington campus. The civil suit, which is seeking unspecified damages, says that after …
House Advances Texas Storm Surge Project in Water Bill
HOUSTON (AP) _ Fourteen years after Hurricane Ike ripped through thousands of homes and businesses near Galveston, Texas _ but mostly spared the region’s oil refineries and chemical plants _ the U.S. House of Representatives voted Thursday to authorize the …
Kansas Oil Spill Biggest in Keystone History
TOPEKA, Kan. (AP) _ A ruptured pipe dumped enough oil this week into a northeastern Kansas creek to nearly fill an Olympic-sized swimming pool, becoming the largest onshore crude pipeline spill in nine years and surpassing all the previous ones …
U.S. Opioid Crackdown Hits Some Patients’ Access to Psychiatric Drugs
A crackdown by U.S. drug wholesalers in response to the opioid crisis is preventing some pharmacists from dispensing a combination of stimulants and sedatives routinely prescribed by psychiatrists to help patients manage conditions like anxiety and ADHD. The three main …
Mercury Insurance Adds New Coverages in Oklahoma
Mercury Insurance announced five new coverages available for homeowners and renters in Oklahoma. Mercury’s new coverages provide additional insurance protections with an option for environmentally-friendly replacement products. New coverages include: Green Home: Mercury will cover up to an additional 10% …
State Farm Still Dealing With Return of its Workforce: CEO Tipsord
State Farm CEO Michael Tipsord said the nation’s top property/casualty insurer will likely never be the same following the pandemic – and that may be a good thing. “I don’t think we’ll ever go back to March 11,” said Tipsord, …
North Korean Cyber Spies’ New Tactic: Tricking Experts Into Writing Research for Them
When Daniel DePetris, a U.S.-based foreign affairs analyst, received an email in October from the director of the 38 North think-tank commissioning an article, it seemed to be business as usual. It wasn’t. The sender was actually a suspected North …
USDA: Florida Orange Crop Down 36% After Two Hurricanes
Production of oranges in Florida this season is forecast to be down 36% from earlier estimates, in part a reflection of twin hurricanes that battered growing regions, according to U.S. Agriculture Department figures released Friday. The latest forecast calls for …