INSURANCE NEWS
Appeals Court Spares Trump From Paying $83M Defamation Award for Now
President Donald Trump won’t have to pay an $83 million defamation award to a longtime advice columnist until the U.S. Supreme Court gets a chance to review the case or reject an appeal, according to a court entry Tuesday. The …
NYU Hospital Subpoenaed for Information on Gender-Affirming Care for Children
A New York hospital system says it received a grand jury subpoena from federal prosecutors in Texas seeking information about children who received gender-affirming care and the medical providers who administered it. NYU Langone is the first hospital system to …
South Dakota Drilling Project Canceled After Backlash From Tribes
A South Dakota mining company has canceled a drilling project in the Black Hills after opposition from Native American tribes and local groups. In a letter provided Friday by Indigenous advocacy group NDN Collective, Rapid City-based Pete Lien & Sons …
Former Walgreens Manager Sentenced for Role in 7 Inside-Job Robberies
A District of Columbia woman was sentenced last week to 32 months in prison for her role in a series of seven inside-job robberies of the Chinatown drug store where she was employed as a store manager, reported U.S. Attorney …
UAE-Owned Tanker Leaks Some Fuel Off Oman Following Iranian Strike
A unit of state-owned Abu Dhabi National Oil Company said on Wednesday that one of its tankers struck by Iranian drones last week has leaked a small amount of fuel off the coast of Oman, underscoring the ecological risks stemming …
ECB Urges Banks to Quickly Prepare for AI-Assisted Cyberattacks
European Central Bank board member Frank Elderson on Wednesday urged banks in the euro area to quickly prepare for potential cyberattacks launched with the help of Anthropic’s Mythos AI model or similar tools. Elderson, who is vice chair of the …
Six Arrested in Louisiana Insurance Fraud Scheme
Six Louisiana residents have been arrested for participating in a long-running insurance fraud scheme involving fire and water damage claims, the Louisiana Department of Insurance announced. The suspects, all from Ouachita Parish, face charges of insurance fraud, identity theft and …
TWFG Acquires Fortress Insurance Services
TWFG announced that it has acquired Fortress Insurance Services, adding four new agency locations and a wealth of experienced insurance professionals to the TWFG family. This strategic acquisition strengthens TWFG’s presence in the Upper Midwest and reinforces its commitment to …
Corpus Christi Residents and Businesses May Have to Cut Water Use by 25%
Corpus Christi residents and businesses — including one of the nation’s largest petrochemical corridors — may be required to cut water use by 25% during a water emergency that city leaders expect to hit by September unless a devastating drought …
Google Settles Racial Discrimination Lawsuit for $50 Million
Google has settled with Black employees who alleged systemic racial disparities in hiring, pay, and advancement in a lawsuit filed in 2022. April Curley, a former Google employee, had sued the tech giant for racial discrimination, saying it engages in …
Florida Surplus Lines’ HO Premiums Now Average About the Same as Admitted Market
The cost of a surplus-lines homeowners’ policy in Florida is now about the same as admitted-market HO policies, reflecting the growing trend for excess and surplus firms across the state and beyond, recent reports show. The Florida Surplus Lines Service …
People Moves: Daughton Joins Lawley as Director of Sales Development
Lawley, headquartered in Buffalo, New York, hired John (Jed) Daughton to the newly created role of director of sales development. Daughton will lead the strategy behind Lawley’s sales growth in both property & casualty and employee benefits, building unified sales …