INSURANCE NEWS
Record UK Bird Flu Outbreak Wipes Out Half of Free-Range Turkeys
A record bird flu outbreak in the UK has resulted in culling of almost half of the nation’s free-range turkeys for Christmas, according to the poultry industry group. About 600,000 free-range birds have been culled or died as a result …
KKR Used Equity Rather Than Debt to Fund Acquisition of Broker April Group
KKR & Co.’s buyout of a French insurance broker is offering a window into the diminishing power of Wall Street’s vaunted leveraged finance machine. The buyout firm agreed to fund on its own the totality of the €2.3 billion ($2.4 …
DOJ Watchdog Seeks Independent Review of FTX Bankruptcy
The U.S. Department of Justice’s bankruptcy watchdog on Thursday called for an independent investigation into the collapse of crypto exchange FTX, saying customers need a neutral party to investigate allegations of “fraud, dishonesty, incompetence, misconduct, and mismanagement.” FTX has ousted …
Facebook Accused by Female Truckers of Skewing Job Ads
Meta Platforms Inc. unlawfully steered dozens of hiring ads from trucking companies and other advertisers to mostly one gender or age group, an advocacy group for female truckers alleged in a U.S. complaint on Thursday, citing the social media giant’s …
View from Defense Counsel’s Office: Hope on the Horizon for Florida Insurers?
Despite recent hurricanes in Florida, continued insurance claims litigation, and steadily rising reinsurance rates, insurers and reinsurers have reason to be optimistic about the next few years. Due to a variety of factors, including large loss events, the state is …
New York Online Hate Speech Law Challenged by Thiel-Backed Rumble
A New York law prohibiting hate speech on social media was challenged by the Volokh Conspiracy legal blog and the Peter Thiel-backed video site Rumble Inc., which claimed the measure will hurt online services and seek to silence unfavorable but …
Massachusetts Prison Guards Begin Body Camera Pilot program
About 50 correctional officers at a Massachusetts prison are participating in a pilot program to evaluate the use of body cams in improving safety and transparency in state Department of Correction facilities, officials announced Monday. The program is taking place …
NASA: U.S. Coastlines Could Experience a Foot of Sea Level Rise Within 30 Years
Sea levels along U.S. coastlines could rise as much as 12 inches above today’s waterline by 2050, according to NASA researchers. The results from the NASA Sea Level Change Team rely on measurements from a network of satellite altimeters along …
Arch Insurance North America Promotes First to President
Brian First has been promoted to president of Arch Insurance North America. First was promoted from chief underwriting officer of programs, property and specialty. First, who joined Arch in 2014 and has 30 years of industry experience, will now have …
Louisiana Woman Latest to Plead Guilty in Staged Auto Collision Scheme
United States Attorney Duane A. Evans announced that Florence Randle, age 70, of Gibson, Louisiana, pled guilty on November 29, 2022 to Count One (1) of her indictment, charging her with Conspiracy to Commit Mail Fraud in violation of Title …
Texas Lt. Gov. Prioritizes Electric Grid Fixes for 2023 Legislative Session
Lt. Gov. Dan Patrick on Wednesday unveiled a list of 21 legislative priorities including property tax relief, improving the reliability of the electric grid and continuing to spend money on border security funding. Patrick, who presides over the Senate and …
Bird Flu Outbreak Prompts Slaughter of 1.8M Chickens in Nebraska
OMAHA, Neb. (AP) – Nebraska agriculture officials say another 1.8 million chickens must be killed after bird flu was found on a farm in the latest sign that the outbreak that has already prompted the slaughter of more than 50 …