INSURANCE NEWS
Former California Insurance Agent Arrested for Allegedly Stealing $90K
Sally Nava Kanarek, 76, of Huntington Beach, was arrested this week on multiple felony counts of financial elder abuse, grand theft of an elder, and forgery after a California Department of Insurance investigation found she allegedly defrauded an elderly client …
Donald Trump’s Company Sentenced to Pay $1.61M Penalty for Tax Fraud
A New York judge on Friday sentenced Donald Trump’s namesake real estate company to pay a $1.61 million criminal penalty after it was convicted of scheming to defraud tax authorities for 15 years. Justice Juan Merchan of the Manhattan criminal …
Jury Sides With New York Luxury Brand in Trademark Tiff With Adidas Over Stripes
A Manhattan jury on Thursday said Adidas had failed to show luxury brand Thom Browne Inc.’s use of stripes on its clothing infringed the sportswear giant’s signature three-stripe trademark. The jury found the fashion house’s parallel stripe designs were not …
People Moves: Promotions at Liberty Mutual Commercial Unity; New CEO at Ategrity
Liberty Mutual Insurance Appoints Sutton and Archambault to Key Leadership Roles in its North American Commercial Insurance Business Unit Liberty Mutual Insurance has appointed Meg Sutton as chief operating officer for Global Risk Solutions North America and Taylor Archambault as …
Iconic Tree Canopy in California Turns Destructive in Storms
On a good day, the sun shines in California’s capital city – and elms, pines, oaks and hundreds of other tree varieties fill Sacramento’s parks and line streets, fortifying the city’s reputation as the “City of Trees.” But on a …
Las Vegas Solar Site Arson Was Clean Energy Message, Man Says
A Colorado dentist accused of setting a fire that damaged a transformer at a solar power array outside Las Vegas last week told investigators he wanted to send a message supporting clean energy and denied his intention was sabotage, police …
Amazon Faces Renewed Pressure From UK Lawmakers Over Warehouse Conditions
UK lawmakers have called on Amazon to clarify comments made by a senior executive at a recent parliamentary hearing, after an advocacy group accused him of providing “misleading” evidence concerning the company’s treatment of warehouse workers. An Amazon spokesperson told …
Russia Criticizes Reuters Story on Russian Hackers Targeting U.S. Nuclear Scientists
Russia’s Foreign Ministry on Thursday criticized Reuters for spreading what it said was poorly sourced anti-Russian propaganda with a story about a Russian hacking team which targeted three nuclear research laboratories. Reuters on Jan. 6 reported the Russian hacking team, …
Florida OIR: Litigation Cost Data Due March 1
The Florida Office of Insurance Regulation is reminding property/casualty carriers that litigation cost data for 2022 is due March 1. The data call was required by Senate Bill 76 in 2021 as a way to determine the amount of claims …
Shareholders Sue Southwest Airlines Over Flight Meltdown
Shareholders filed a lawsuit against Southwest Airlines Co. on Thursday, accusing the carrier of fraudulently concealing problems that led last month to an operational meltdown and more than 15,000 flight cancellations. According to the proposed class action filed in federal …
Jury Clears Boston Trolley Driver of Negligence Charges Involving Crash That Injured 27
The driver of a Boston light-rail trolley that crashed into the rear of another train in the summer of 2021, sending 27 people to the hospital, was cleared by a jury Wednesday of a gross negligence charge. Owen Turner, 51, …
7 Deaths, Severe Damage in Alabama as Tornadoes Rip Across the Southeast
At least seven people were killed in central Alabama and more are missing after tornadoes and severe storms left a swath of damage across parts of the South. Local news reports said that a large tornado ripped through historic Selma, …