INSURANCE NEWS
Indiana House Explosion Injures 3; Gas Leak Blamed in Blast
PRINCETON, Ind. (AP – A house explosion in southwestern Indiana that injured three people has been traced to a heater that began leaking natural gas during maintenance work, authorities said. Four people were inside the two-story home when it was …
Lawsuit Accuses Largest U.S. Meat Producers of Wage Fixing
Three meat plant workers have filed a federal lawsuit accusing 11 of the United States’ largest beef and pork producers of conspiring to depress wages and benefits. The lawsuit, filed in federal court in Denver on Friday, seeks class-action status …
California Paper Plant to Pay $385K Settlement Over Race Harassment Lawsuit
Paper manufacturers Packaging Corporation of America Central California Corrugated, LLC. (PCA) and Schwarz Partners LP will pay $385,000 and implement preventative measures to settle a racial harassment lawsuit seeking relief for two African American men who worked at a manufacturing …
Commercial P/C Rates Up for 20th Straight Quarter: CIAB
Third-quarter 2022 marked the 20th consecutive quarter of increased premiums for commercial property/casualty, according to the latest report from the Council of Insurance Agents and Brokers (CIAB). The average premium increase across all account sizes was was 8.1% in Q3 …
Santa Ana Winds Lash Southern California
Powerful Santa Ana winds lashed Southern California on Wednesday, toppling big rigs on highways and spreading a small fire that destroyed two structures. High wind warnings stretched across a wide swath of the region, and red flag warnings for high …
SUV Hits 25 LA County Sheriff’s Academy Recruits on Run
WHITTIER, Calif. (AP) – The driver of an SUV veered into the wrong lane and plowed through dozens of Los Angeles County sheriff’s academy recruits running in formation during a training exercise early Wednesday, injuring 25 of the cadets, authorities …
U.S. Opens Civil Probe of Worcester Police Over Excess Force, Racial and Gender Bias
Federal prosecutors on Tuesday announced an investigation into whether the police department in Massachusetts’ second-largest city routinely uses excessive force or discriminates against residents based on race or gender. The civil investigation into the Worcester Police Department will review how …
4 German Carmakers, Bosch Manipulated Emissions Software, Environment Group Says
Germany’s top four carmakers and parts supplier Bosch knowingly broke rules when developing a type of emissions software, an environmentalist group said on Thursday, in a years-long legal battle that could open the door for a new wave of lawsuits. …
King Insurance Buys up Tallahassee-Based Hunt Insurance Group
The still-expanding King Insurance, a brokerage, has acquired Tallahassee-based Hunt Insurance Group. Hunt, a specialty broker founded in 1945, advises housing authorities, prison systems and municipalities on risk management and self-funded solutions for property/casualty and health insurance, the companies said …
Chubb Gets Regulatory Nod to Raise Stake in China’s Huatai to 83.2%
Chubb Ltd. announced it has received regulatory approval from the China Banking and Insurance Regulatory Commission to increase the company’s ownership in Huatai Insurance Group Co. Ltd. from 47.3% to 83.2%. Financial details of the deal were not disclosed. Huatai …
Airbnb Aims to Convince More People to Rent Out Their Homes
Convinced that the boom in leisure travel is permanent, Airbnb aims to expand its listings by convincing more people to turn their homes into short-term rentals. The company said Wednesday that it will increase the amount of liability coverage for …
Florida Judge Dismisses NFL Kicker Josh Lambo’s Lawsuit Against Jaguars, For Now
A judge has dismissed NFL kicker Josh Lambo’s lawsuit against the Jacksonville Jaguars in which Lambo sought back pay and damages for emotional distress caused by former head coach Urban Meyer. Judge Gilbert Feltel Jr., of the Duval County Circuit …