INSURANCE NEWS
Washington Insurance Commissioner Fines Producers, Insurers
Washington Insurance Commissioner Mike Kreidler issued fines in January totaling $11,000 against insurance companies, producers, brokers, and individuals who violated state insurance laws and regulations. Following are the entities fined, and how much they were fined: Unauthorized Insurers DNProtect, Epik …
Insurer, Tech Services Firm Settle Claim for Business Lost While Helping Clients Recover From Breach
A technology and cybersecurity services firm and its insurer have settled a business interruption claim linked to a data breach one month after a federal judge denied the insurer’s bid to have the claim dismissed. The claim involved business losses …
California Climate Bills Requiring Broad Disclosures Have National Implications
A pair of California bills requiring large companies to report emissions from across their supply chains and creating more stringent reporting of climate-related impacts could have implications nationwide. Two Legislators from the Golden State this week introduced Senate Bill 253 …
The Hanover Reports $11M Q4 Loss
The Hanover Insurance Group reported a fourth quarter 2022 loss of $11.6 million, driven by widespread catastrophic losses from Winter Storm Elliott. Results were in comparison to net income of $163.5 million in the prior-year quarter. The Hanover experienced catastrophe …
General Motors Files to Trademark ‘GM Financial Insurance Company’ Name
General Motors has filed to trademark “GM Financial Insurance Company,” according to a record found with the U.S. Patent and Trademark Office. The filing was made on Jan. 24, 2022. GM Financial is the auto financing arm of General Motors. …
Judge Stays New Jersey Law Allowing AG Lawsuits Against Gun Industry
A federal judge has halted a New Jersey law allowing the state attorney general to bring civil lawsuits against the gun industry in that state. U.S. District Judge Zahid N. Quraishi granted a preliminary injunction against enforcement of the law …
Univ. of Minnesota Football Players’ Discrimination Lawsuit Dismissed
MINNEAPOLIS (AP) – A federal judge has dismissed a lawsuit filed by nine former University of Minnesota football players who were accused of sexual assault in 2016 in a case that roiled the school’s football program. The lawsuit against the …
OSHA Fines Missouri Company After Worker’s Death
KANSAS CITY, Mo. (AP) – A federal agency has recommended nearly $200,000 in fines after an apprentice technician died from electrocution at a construction site in Kansas City last year – just a year after another technician working for the …
McClenny Moseley Sanctioned by 3rd La. Judge for Duplicate Filings
Attorneys for McClenny Moseley & Associates appeared in a New Orleans courtroom Wednesday to explain why they claimed to represent a homeowner who says she didn’t hire the law firm, but did sign some paperwork handed to her by a …
Texas Winter Storm Causes 3rd Day of Dangerous, Icy Conditions
AUSTIN, Texas (AP) – Dangerous road conditions from bands of sleet and snow were blamed for six deaths as a winter storm snarled traffic across parts of the nation’s midsection, forced the cancelation of flights and left hundreds of thousands …
PCF Acquires Louisiana’s Oak Point Risk Advisors
PCF Insurance Services (PCF) has acquired Oak Point Risk Advisors, a niche risk management and insurance agency focusing on commercial insurance for the maritime, oil and gas, and construction industries. Ronny Sternfels, president of Oak Point Risk Advisors, said, “At …
Gas Stoves Are Back Under Scrutiny With New Limits Proposed
Gas stoves are coming under fresh scrutiny as a second federal agency has now stepped into the political firestorm with a proposal for new regulations for the appliances. The Energy Department proposal, published Wednesday, sets first-of-their-kind limits on energy consumption …