INSURANCE NEWS
Lawsuit Filed Over Man Killed in Oregon Protests Dismissed
A judge has dismissed a lawsuit filed against the city of Portland, Oregon, the mayor and the Multnomah County district attorney by the estate of a man who was shot and killed after a pro-Trump car rally. The suit had …
Crest Acquires Spiegler Insurance Services in California
Crest Insurance Group acquired Spiegler Insurance Services in La Jolla, California. Founder Steven H. Spiegler will play a role in the post-transaction process. Crest also adds the Mike, a senior broker with Spiegler Insurance Services. Spiegler is a privately held …
Teen Dies After Florida Keys Boating Accident that Injured 11
A boating accident in the Florida Keys left a teenager dead and 10 other people injured, according to local media. The Miami Herald reported that Lucy Fernandez, a 17-year-old high school senior from Miami, was among 14 people on a …
Stonetrust to Write Workers’ Comp Coverage in Iowa, Georgia
Stonetrust Workers’ Compensation Insurance Company will begin writing workers’ compensation coverage in Iowa and Georgia effective October 1st, the company said. This announcement follows the Baton Rouge, Louisiana-based company’s recent Financial Strength Rating (FSR) upgrade to A- Excellent by AM …
Indiana Court Sides With Catholic Diocese in Teacher Dismissal
The Indiana Supreme Court ruled last week that religious freedom rights protect the Roman Catholic Archdiocese of Indianapolis from being sued by a teacher who was fired from his job at a Catholic high school for being in a same-sex …
Asset Manager Lombard Odier Adds ESG Screens After ‘Shocking’ Cyber Report
Lombard Odier Investment Managers said the “shocking” results of an analysis into cybersecurity risks lurking in portfolio companies have led it to apply ESG processes far more broadly to protect its funds from losses. The Swiss asset manager is now …
Texas Safellite Autoglass Location Sued for Sex Discrimination
Safelite AutoGlass, a vehicle glass repair and replacement business, violated federal law by refusing to hire a qualified applicant because she is a woman, the U.S. Equal Employment Opportunity Commission (EEOC) charged in a lawsuit filed. According to the EEOC’s …
U.S. P/C Records $6.3 Billion First-Half Underwriting Loss: AM Best
Growth in net premiums and a decline in policyholder dividends were eclipsed by losses and expenses to result in a $6.3 billion net underwriting loss for the U.S. property/casualty industry at the half-way mark of 2022. According to a special …
Emergency Declared After Flooding in Northwest Georgia
Thunderstorms and heavy rain pounded parts of northwest Georgia over the Labor Day weekend, sparking flash flooding in some areas. Local news reports showed roads under water and homeowners struggling to keep water out, even as more storms moved in …
Cyber MGA Coalition Launches in UK Insurance Market
Coalition, the San Francisco-based cyber managing general agent, began trading in the UK, effective Sept. 1, and has opened a London office. Backed by a multi-year capacity agreement with Allianz Global Corporate & Specialty, Coalition will distribute its products via …
Motel Has No Duty to Prevent Guest’s Suicide, Massachusetts Appeals Court Rules
A motel and its employees have no duty to prevent a guest’s suicide even when family members warn that the guest is a suicide risk. A Massachusetts Court of Appeals has ruled that while innkeepers may have an affirmative duty …
Dutch Buildings Built on Wooden Piles Are Sinking After Drought Cuts Groundwater
Inside Amsterdam’s Rijksmuseum, Rembrandt’s masterpiece The Night Watch appears to be hanging straight, as do other famous works by Vermeer and Van Gogh. While standing outside the gargantuan red-brick building, however, eagle-eyed engineers noticed the museum was sinking 15 centimeters …