INSURANCE NEWS
Stoplight Shooting Not Covered by Uninsured Motorist Policy, Carolina High Court Says
A fatal shooting by a disturbed driver is not covered by the victim’s uninsured motorist policy, the South Carolina Supreme Court decided this week in an opinion that shows how court rulings on the issue have evolved over the last …
Markets/Coverages: Marsh Clients Can Pay Fees With Carbon Credits; Cowbell Debuts Adaptive Cyber, Launches Cowbell Specialty
Marsh announced that U.S. clients now have the option to pay their Marsh service fees in voluntary carbon offset credits and renewable energy certificates (RECs). The move – believed to be a first-of-its-kind in the financial services industry – is …
Oregon Hospital Issued Workplace Safety Fines
The Oregon State Hospital is facing a $54,000 fine for failing to investigate workplace injuries. The citation, brought by the state’s Occupational Safety and Health Administration, alleges that from January 2021 to June 2022 the hospital didn’t investigate every time …
Big ‘I’ and Reagan Consulting Release 2022 Best Practices Study Results
As the independent agency channel moves past the coronavirus pandemic and into uncertain economic headwinds, Best Practices agencies achieved record highs in organic growth and profitability, according to the 2022 Best Practices Study by the Big “I” and Reagan Consulting. …
Pennsylvania Recovers $1.7M For Buyers of Car Repair Coverage Service Contracts
Pennsylvania Attorney General Josh Shapiro said his office has secured a court order for more than $1.7 million in restitution against a car service coverage firm he said denied claims for services and refused to refund payments. The AG has …
Federal Appeals Court Upends $6M Lead Paint Verdict From 2019
A federal appeals court has cleared one paint manufacturer and ordered a retrial for two others in a case in which a jury in 2019 awarded $6 million to three men whose brain damage was blamed on their years of …
New Jersey Liquor Board Readies Permits for Home Delivery of Alcoholic Drinks
New Jersey recently announced a permitting process that allows third-party delivery services like DoorDash, Instacart, and Amazon Flex to deliver alcoholic beverages – including cocktails “to go” – from restaurants, bars, and liquor stores to customers’ doorsteps. The permit, authorized …
Thieves Key on Hack That Leaves Hyundai, Kia Cars Vulnerable
Some Hyundai and Kia cars and SUVs are missing a “key” anti-theft device, and thieves know. An insurance industry group says these cars are stolen at nearly twice the rate of the rest of the auto industry because their keys …
‘Captain America’ Swoops In to Fix Hurricane-Hit Roofs in New Orleans
Actor Anthony Mackie was not carrying his Captain America shield when he returned to his hometown of New Orleans to help repair hurricane-damaged roofs. But for people in his old neighborhood, knowing their tarp-covered roofs were getting repaired was a …
Orient Insurance Loses Bid to Recover Payout for Dubai Hotel Fire
DUBAI, United Arab Emirates (AP) – An insurance company that was ordered to pay more than a billion dirhams in damages for a 2015 New Year’s Eve fire in Dubai has lost a civil lawsuit that it filed to try …
Appeals Court Rejects NRA Free Speech Claims Against New York Insurance Regulator
A federal appeals court has denied the National Rifle Association’s First Amendment claims against a former New York insurance regulator who urged insurance companies to consider the risks of doing business with the NRA and other gun groups. The NRA …
Collapse of Tailings Dam in South Africa Highlights Need for Global Regulations
The collapse of a tailings dam in South Africa earlier this month has put the spotlight on the need for binding global regulations of facilities used to store mining waste, investors and industry leaders said. A dam holding liquid mine …