INSURANCE NEWS

Rite Aid Not Liable in Warehouse Shooting That Killed 3 Workers

Rite Aid is not liable for a mass shooting that killed three workers at a warehouse in Maryland; not because it was protected by workers’ compensation immunity, but because the plaintiffs did not show the tragedy could have been foreseen …
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Russian Cyberwar Against Ukraine Stumbles, Just Like Conventional One

Even before Russia invaded Ukraine, its hacking offensive was well under way. Suspected Russian hackers targeted Ukrainian government and financial websites with so-called distributed denial-of-service attacks aimed at creating chaos; they bombarded government, nonprofit and IT organizations with malicious software …
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Aviva CEO Says Demand for Private Healthcare Rising on NHS Woes

UK insurer Aviva Plc said it is seeing increased demand for private health insurance because of the strains the National Health Service has experienced since the pandemic. “Health insurance sales were up 15% and we expect that to continue as …
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Ohio Dollar General Operator Fined $254K for Repeat Safety Violations

Alerted by the concerns of the West Chester Township Fire Department in Ohio, workplace safety inspectors with the U.S. Department of Labor discovered exit routes, doors and fire extinguishers blocked at a Dollar General store on Princeton Glendale Road in …
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Oklahoma Voters Reject Legalization of Recreational Marijuana

OKLAHOMA CITY (AP) – Oklahoma voters on Tuesday rejected the legalization of recreational marijuana, following a late blitz of opposition from faith leaders, law enforcement and prosecutors. Oklahoma would have become the 22nd state to legalize adult use of cannabis …
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FDA: Two More Eyedrop Brands Recalled Due to Risks

U.S. health officials are alerting consumers about two more recalls of eyedrops due to contamination risks that could lead to vision problems and serious injury. The announcements follow a recall last month of eyedrops made in India that were linked …
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Safety Agency Opens Probe of Norfolk Southern Rail Accidents

Federal investigators are opening a wide-ranging investigation into one of the nation’s biggest railroads following a fiery derailment on the Ohio-Pennsylvania border last month and several other accidents involving Norfolk Southern, including the The National Transportation Safety Board said on …
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Crypto-Focused Bank Silvergate Plans to Wind Down Following Blow From FTX

Crypto-focused bank Silvergate Capital Corp. said on Wednesday it planned to wind down operations and voluntarily liquidate after it was hit with losses following the dramatic collapse of crypto exchange FTX, sending its shares down 35% in after-hours trade. The …
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Fla. Adjuster Suspended, But Case Raises Big Question: Must Appraisers Be Licensed?

A public adjuster that has been vilified by insurers for disrupting and delaying property inspections has been suspended for two years by an administrative law judge. But state regulators’ recommendations in the case have raised new and potentially far-reaching questions …
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Connecticut Sues Firearm Companies Over Ghost Gun Sales

Connecticut on Tuesday sued four gun companies it accused of mailing illegal firearm parts with no serial numbers to an undercover state investigator, the latest legal filing by states and cities seeking to crack down on untraceable ghost guns. Announcing …
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People Moves: McCain to Retire from Frankenmuth Insurance

McCain to Retire from Frankenmuth Insurance Frankenmuth Insurance Senior Vice President Phil McCain will retire on June 2 after 37 years of service and leadership. McCain started at the company, headquartered in Frankenmuth, Michigan, as a programmer in 1986. He …
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Louisiana Supreme Court Suspends Hurricane Damage Attorney

The Louisiana Supreme Court suspended indefinitely the law license of the attorney who manages McClenny Moseley & Associates’ office in New Orleans — the latest setback for a law firm that paid nearly $14 million for client leads and filed …
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