INSURANCE NEWS
Ian Aftermath Even Harder to Fix With Supply Chain Tattered
The difficult job of rebuilding communities pummeled by Hurricane Ian is expected to be made even worse by a problem that’s lingered since the early days of the pandemic: snarled supply chains. Ian tore a path of destruction across Florida, …
Families of 3 Survivors File First Uvalde School Shooting Lawsuit
The families of three children who survived the Uvalde mass shooting in May have filed the first lawsuit in a federal court against the Uvalde school district, law enforcement officials, gun makers and others, alleging that their negligence and failures …
People Moves: WTW Appoints Cui; Powers Promotes Sullivan
WTW appoints Cui to its Insurance Consulting and Technology business WTW has appointed Michelle Cui as director, actuarial property and casualty, in its insurance consulting and technology business. Cui joins WTW in its Chicago, Illinois, offices from Zurich North America, …
Chinese Billionaire Faces Civil Trial in Minnesota Over Alleged Rape
A Chinese billionaire, one of the richest people in the world, is heading to trial in Minneapolis to defend himself against allegations that he raped a former University of Minnesota student after a night of dinner and drinks in 2018. …
Crash Involving Speeding Truck in Uvalde, Texas Kills 2, Injures 10
Two people were killed and 10 others injured when a pickup truck crashed into two other vehicles in the Texas city of Uvalde, authorities said. Uvalde Police Chief Daniel Rodriguez said U.S. Border Patrol agents saw the truck speeding Wednesday …
Michigan Train Derailment Sends Several Rail Cars Off Tracks
A train derailment sent a dozen rail cars off the tracks Thursday morning near Detroit, snarling traffic while emergency responders assessed the damage, officials said. Warren Mayor Jim Fouts said 12 of the train’s 151 cars derailed about 7:30 a.m. …
Gun Manufacturer Sued Over Link to July 4 Illinois Parade Shooting
Survivors of the mass shooting at a suburban Chicago Independence Day parade and family members of those killed filed 11 lawsuits Wednesday against the manufacturer of the rifle used in the attack, accusing gun-maker Smith & Wesson of illegally targeting …
California Doctor Prescribing Unneeded Drugs Guilty of Insurance Fraud
A physician pleaded guilty to defrauding California’s Medi-Cal system by prescribing unnecessary drugs to more than 1,000 patients, prosecutors said. Dr. Mohammed El-Nachef entered pleas in Orange County to one count of insurance fraud and one count of aiding and …
California Governor Approves Farmworker Unionization Law
A broadly smiling California Gov. Gavin Newsom joined about two dozen jubilant, cheering farmworkers camped outside the state Capitol this week to sign one of the most contentious bills before him this year, reversing course on a measure to help …
178 Medical Providers from California’s Workers’ Comp System
The California Department of Industrial Relations’ Division of Workers’ Compensation and DIR’s Anti-Fraud Unit suspended 178 medical providers during the first eight months of 2022. Providers are suspended from the workers’ compensation system when they have been convicted of fraud-related …
People Moves: Postulka Returns to Arbella; Graham Joins Risk Strategies
Postulka Returns to Arbella as Vice President and Chief Information Officer Arbella Insurance Group, in Quincy, Massachusetts, has announced that Matt Postulka has rejoined the company as vice president and chief information officer (CIO). Postulka will be responsible for all …
India Regulator to Restart Review Process for IPO of Fairfax’s Digit Insurance: Sources
India’s markets regulator will restart a review of a $440 million initial public offering of Digit Insurance after the company resolved certain compliance issues that had led to the regulator putting the process on hold, two sources told Reuters on …