INSURANCE NEWS
Cyber Threats Still No. 1 Business Concern: 2022 Travelers Risk Index
Cyber threats were the top concern for business decision-makers for the third time in four years, according to the 2022 Travelers Risk Index. Cyber threats were chosen as a top concern by 59% of respondents, followed by broad economic uncertainty …
EU to Add Bahamas to Its Tax Haven Blacklist, While Bermuda Is Removed
The European Union is set to add the Bahamas to its blacklist of governments its considers uncooperative in tax matters because it says the archipelago continues to facilitate the operation of offshore firms for purposes of tax evasion. The bloc …
Eli Lilly Sued for Age Discrimination by EEOC
Eli Lilly and Co was sued on Monday by the U.S. Equal Employment Opportunity Commission, which accused the drugmaker of illegally refusing to hire older workers for sales representative jobs because of their age. The complaint said Lilly’s violations began …
US Starts Criminal Probe Into PG&E Role in California Wildfire
Federal officials have initiated a criminal investigation into PG&E Corp.’s potential role in starting California’s largest wildfire of the year. On Sept. 24, the US Forest Service removed one of the utility’s transmission poles from the site in Placer County …
Florida Restructure Plan Didn’t Take: FedNat Insurance Deemed Insolvent, the Sixth Carrier This Year
Despite monitoring by Florida regulators, cancellation of more than 56,000 policies, and an extensive restructuring plan this year, FedNat Insurance Co. is now insolvent and must be liquidated – the sixth Florida property insurer this year to throw in the …
Multiple Crashes, Two Deaths Reported at ‘Pop-Up’ New Jersey Car Rally
A pop-up car rally over the weekend in southern New Jersey led to multiple crashes and the deaths of at least two people riding in a golf cart, officials say. Wildwood Mayor Pete Byron told NJ Advance Media on Sunday …
California County Paying Pay $1.35M in Custody Death Suit
San Diego County and other defendants have agreed to pay $1.35 million to settle a lawsuit filed by the mother of a Mexican citizen who died after sheriff’s deputies arrested him in 2018, officials said. The lawsuit filed by Dolores …
California Commissioner Orders Another Moratorium on Insurance Cancellations
California Insurance Commissioner Ricardo Lara on Monday ordered insurers to preserve residential insurance coverage following Gov. Gavin Newsom’s latest emergency declarations. The commissioner’s order shields policyholders within the wildfire perimeter or in adjacent ZIP codes of the Mountain, Barnes, and …
Michigan Dept. of Insurance to Hold Catalytic Converter Theft Prevention Event
The Michigan Department of Insurance and Financial Services (DIFS) is partnering with the National Insurance Crime Bureau (NICB), the Lansing Police Department (LPD), and Shaheen Chevrolet to offer motorists a free catalytic converter etching event to help combat theft. Catalytic …
Ohio Petrochemicals Company to Pay $1.1 Million for Clean Air Act Violations
The U.S. Environmental Protection Agency has announced a settlement with Altivia Petrochemicals LLC for alleged violations of the Clean Air Act at its petrochemical manufacturing facility in Haverhill, Ohio. The company will pay a $1,112,500 civil penalty, improve leak detection …
Louisiana Town Settles Dispute Over Fraudulent FEMA Claims
A Louisiana town is preparing to settle a 20-year dispute with the Federal Emergency Management Agency by making a repayment of $163,102. The Town Talk of Alexandria reports that the Town of Ball Council voted unanimously Tuesday to make the …
Mother Settles Suit Over Texas Arrest Caught on Camera
A Texas city has settled a federal civil rights lawsuit filed by a Black mother after she and her daughter were wrestled to the ground and arrested by a white police officer following a dispute with a neighbor. Jacqueline Craig …