INSURANCE NEWS
Mom Hopes Insurers Take Note of $77M Verdict Against Georgia Addiction Center
Nick Carusillo died when he was hit by multiple vehicles on a Georgia interstate, just days after he was abruptly discharged from an addiction treatment center. Now his parents hope a substantial jury verdict in their favor will prompt change …
Northwest Georgia Loses Water Service After Flooding
Officials continued to scramble this week to restore water service in parts of a northwest Georgia county after flash flooding submerged pumps and flooded buildings. Chattooga County officials said water for 8,000 customers in Summerville, Menlo and surrounding areas remained …
Amica Wins Providence Civic Center Naming Rights Formerly Held by Dunkin’ Donuts
Insurance company Amica has reached a 10-year deal for the naming rights to the downtown Providence arena that for two decades has been known as the Dunkin’ Donuts Center. The 14,000-seat facility will now be known as the Amica Mutual …
Virginia Lawmakers Again Fail to Fill Vacancy on Key Regulatory Agency
Virginia lawmakers elected a handful of local judges Wednesday but failed yet again to fill a vacancy on the powerful State Corporation Commission, which regulates a wide range of business interests. The lack of action during the politically divided General …
Risk Placement Services President Cavaness Receives City of Hope’s Spirit of Life Award
Risk Placement Services, the E&S wholesale broker and managing general agency, is pleased to announce its President Joel Cavaness has been named the 2022 Spirit of Life Honoree by City of Hope, one of the largest cancer research and treatment …
Vermont Nursing Home Sued Over Racial Abuse Claims
The U.S. Equal Employment Opportunity Commission has sued a Vermont nursing home over allegations that it allowed patients to racially abuse Black staff members. The lawsuit filed Tuesday in U.S. District Court in Burlington says the long-term care facility Elderwood …
Adoption Agency Can Deny Services to Unmarried, Gay Couples, Judge Rules
A federal judge ruled that New York state could not require a Christian family services agency to provide adoption services to unmarried or same-sex couples. New Hope Family Services in Syracuse professes that it cannot provide adoption services to same-sex …
Workers’ Comp Insurance Industry Backs CompScience Technology in $6M Seed Round
CompScience has found a way to reduce workers compensation risk and cost using artificial intelligence. Not just by the numbers, but by analyzing authentic, onsite video taken at clients’ facilities. The company provides video analytics and data-driven recommendations using existing …
Toyota Reaches Potential $150M Settlement Over Fuel Pump Recalls
Toyota Motor Corp. reached a settlement potentially worth $150 million to resolve U.S. class-action litigation tied to recalls of about 3.36 million Toyota and Lexus vehicles whose defective fuel pumps could cause engines to stall. A preliminary settlement was filed …
Hub Grows Again with Acquisition of South Carolina Agency
Hub International Ltd., a global insurance brokerage, has continued its steady expansion with the recent acquisition of Tilghman Insurance of Myrtle Beach, South Carolina. Tilghman has provided commercial and personal lines insurance to the Grand Strand of coastal Carolina for …
NYT Piece Calls out ‘Summer of Climate Disasters’
Insurance professionals in the alternative energies sector may want to take note of a recent Bloomberg opinion piece that focuses on supply chain and supply chain risks due to rising energy costs. It calls 2022 “a blockbuster year for energy …
Texas DWC Proposed Agenda to be Published September 9
The Texas Department of Insurance, Division of Workers’ Compensation has proposed the Fiscal Year 2023 Research Agenda of the Workers’ Compensation Research and Evaluation Group (REG). Texas Labor Code Section 405.0026 requires the REG to prepare a research agenda each …