INSURANCE NEWS
California Commissioner Orders Another Moratorium on Insurance Cancellations
California Insurance Commissioner Ricardo Lara on Monday ordered insurers to preserve residential insurance coverage following Gov. Gavin Newsom’s latest emergency declarations. The commissioner’s order shields policyholders within the wildfire perimeter or in adjacent ZIP codes of the Mountain, Barnes, and …
Michigan Dept. of Insurance to Hold Catalytic Converter Theft Prevention Event
The Michigan Department of Insurance and Financial Services (DIFS) is partnering with the National Insurance Crime Bureau (NICB), the Lansing Police Department (LPD), and Shaheen Chevrolet to offer motorists a free catalytic converter etching event to help combat theft. Catalytic …
Ohio Petrochemicals Company to Pay $1.1 Million for Clean Air Act Violations
The U.S. Environmental Protection Agency has announced a settlement with Altivia Petrochemicals LLC for alleged violations of the Clean Air Act at its petrochemical manufacturing facility in Haverhill, Ohio. The company will pay a $1,112,500 civil penalty, improve leak detection …
Louisiana Town Settles Dispute Over Fraudulent FEMA Claims
A Louisiana town is preparing to settle a 20-year dispute with the Federal Emergency Management Agency by making a repayment of $163,102. The Town Talk of Alexandria reports that the Town of Ball Council voted unanimously Tuesday to make the …
Mother Settles Suit Over Texas Arrest Caught on Camera
A Texas city has settled a federal civil rights lawsuit filed by a Black mother after she and her daughter were wrestled to the ground and arrested by a white police officer following a dispute with a neighbor. Jacqueline Craig …
Arkansas Machine Shop Sued for Sexual Harassment and Retaliation
Ranger Tool and Die, Inc. (Ranger), an industrial machine shop with locations in Paragould and Jonesboro, Arkansas, violated federal law when it failed to prevent sexual harassment at its Jonesboro location and then retaliated against employees who complained, according to …
People Moves: Gallagher Promotes Raven to CEO of Energy Team; SiriusPoint Names Heerasing Active U/W of Lloyd’s Syndicate; WTW Hires 3 Execs for Natural Resources
This edition of International People Moves details appointments at Gallagher, SiriusPoint and Willis Towers Watson (WTW). A summary of these new hires follows here. Gallagher Promotes Raven as CEO of Energy Practice Gallagher has made a key new appointment in …
A Week After Fiona, Just Over Half of Puerto Rico Has Power
A week after Hurricane Fiona swiped Puerto Rico, causing catastrophic flooding and knocking out power to the entire island of 3.1 million, just over half of the US commonwealth has electricity, officials said. As of Sunday, power had been restored …
Viewpoint: How Progressive’s Relationship with ‘The Robinsons’ Could Be at Risk
Progressive offered a rare look inside their strategic playbook in a recent second quarter earnings report. Describing the firm’s market share in key customer segments, the report highlighted one group as its most significant growth opportunity. They are called the …
Hurricane Ian Aiming for Florida’s Big Bend Area; Property Losses Could be Significant
Florida’s governor has declared a state of emergency for the entire state, days before a hurricane named Ian is expected to make landfall, raising the dread level for property insurers fearing heavy weather losses during one of the toughest moments …
Deutsche Bank in $26.3M Shareholder Settlement Over Epstein, Russian Oligarch Ties
Deutsche Bank AG agreed to pay $26.25 million to settle a U.S. shareholder lawsuit accusing the German bank of lax oversight while doing business with risky, ultra-rich clients like Jeffrey Epstein and Russian oligarchs. The preliminary all-cash settlement filed on …
Judge OKs $230M Settlement in California Oil Spill Case
A judge has approved a $230 million lawsuit settlement by the owners of a pipeline that spilled more than 140,000 gallons of crude oil into the ocean off California in 2015, lawyers announced. A federal judge in Los Angeles gave …