INSURANCE NEWS
Skywest Airlines Sued for Sex Discrimination at Dallas Operation
SkyWest Airlines violated federal law by subjecting a female parts clerk to sexual harassment, the U.S. Equal Employment Opportunity Commission (EEOC) charged in a lawsuit. According to the EEOC’s lawsuit, explicit sexual conversations and conduct were a daily feature of …
4 Michigan Counties Under State of Emergency After Main Break
Gov. Gretchen Whitmer has declared a state of emergency for four southeastern Michigan counties following a water main break that led to a boil-water advisory for several communities. Whitmer issued the emergency declaration Sunday for Lapeer, Macomb, Oakland, and St. …
U.S. Traffic Deaths Hit 20-Year-High in Early 2022
U.S. traffic deaths jumped about 7% in the first three months of 2022 to 9,560, the highest number of people killed on American roads in a quarterly period since 2002, regulators said on Wednesday in a preliminary estimate. Traffic deaths …
Georgia’s MagMutual to Acquire New Jersey-Based MDAdvantage Insurance
MagMutual Insurance Co. and MDAdvantage Holdings Inc. have reached an agreement for MagMutual, headquartered in Atlanta, to acquire MDAdvantage Insurance Co., based in New Jersey. MDAdvantage, according to AM Best, is one of the top three providers of medical professional …
FDA Says Faulty Philips Device Reports Accelerating as CEO Departs
The U.S. Food and Drug Administration (FDA) said reports of faulty Philips ventilators and sleep apnea machines had risen in the past quarter, underlining problems facing the Dutch company, which has just announced plans to replace its CEO. Philips says …
Ocean Re Buys UK-Based Oceva Risk Solutions
Ocean International Reinsurance Co. Ltd. (Ocean Re), a Barbados-based reinsurer, announced it has acquired Oceva Risk Solutions Ltd., a London appointed representative that sources reinsurance, insurance, fronting and risk transfer business from the UK, Europe and internationally for the group. …
Munich Re Keeps No. 1 Spot in Ranking of 50 Global Reinsurers, With Swiss Re at No. 2
Munich Re for the second-straight year holds the top spot in AM Best’s annual ranking of the Top 50 Global Reinsurance groups in 2021, followed once again by Swiss Re. The two global reinsurers together account for 24.3% of top …
2022 North Atlantic Hurricane Season Halftime Report: The Quiet Before the Storm?
With a few weeks to go until the North Atlantic Basin enters its most active period, now is a good time to recap recent activity, review updated seasonal forecasts, and look ahead to what may be in store for the …
NAIC Passes Pet Insurance Model Act
The National Association of Insurance Commissioners (NAIC) has passed a Pet Insurance Model Act to establish appropriate regulatory standards for the growing pet insurance industry. “This model law establishes clear rules for the sale of pet insurance and provides important …
Sunoco Subsidiary Sues AIG’s National Union Over Climate Change Lawsuit Coverage
Sunoco subsidiary Aloha Petroleum has filed a federal lawsuit in Hawaii against AIG’s National Union Fire Insurance Company of Pittsburgh, saying the insurer has breached its duty to defend Aloha against climate change lawsuits brought by local governments in Honolulu …
New York City Wastewater Testing Indicates Polio Virus Is Spreading
The virus that causes polio has been found in New York City’s wastewater in another sign that the disease, which hadn’t been seen in the U.S. in a decade, is quietly spreading among unvaccinated people, health officials said Friday. The …
OSHA Charges Alabama Plastics Company With Willful Violations After Worker’s Death
An Alabama company has been charged with willfully violating federal safety rules in the death of a worker who was pulled into a machine and fatally injured, authorities said Monday. ABC Polymer Industries, which has a plant in the Birmingham …