INSURANCE NEWS

McDonald’s Ordered to Face Byron Allen’s $10B Discrimination Lawsuit

McDonald’s Corp. has been ordered by a U.S. judge to defend against media entrepreneur Byron Allen’s $10 billion lawsuit accusing the fast-food chain of “racial stereotyping” by not advertising with Black-owned media. In a decision on Friday, U.S. District Judge …
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If it Looks Like an AOB, it is One, Florida Appeals Court Decides in Kidwell Case

A Florida insurance company has landed another blow against one of the industry’s most active opponents, after an appeals court upheld the dismissal of a breach-of-contract lawsuit brought by an assigned contractor. In an opinion published Sept. 16, Florida’s 2nd …
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District of Columbia Drops Added Insurance Requirement for Outdoor Dining

The Bowser Administration is withdrawing a proposal to boost the insurance requirement for sidewalk cafes, parklets, streateries and other dining and drinking businesses applying for public use permits. According to Councilmember-at-Large Robert C. White, Jr., the city’s Office of Risk …
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Port Operator Faces $21M in Damages Over Buyout Dispute

The company that privatized operations at the port of Wilmington, Delaware several years ago owes more than $21 million in damages for breaching an agreement to buy the port’s former stevedoring firm, a Delaware judge ruled Monday. Vice Chancellor Lori …
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Burns & Wilcox Brand Ambassador Max Homa Earns 5th PGA Tour Victory

Burns & Wilcox brand ambassador Max Homa opened the 2022-23 PGA Tour season with a victory at the Fortinet Championship in Napa, California on Sunday, his fifth career PGA victory. Homa is one of three PGA Tour players currently sponsored …
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Indiana Steelworker Dies After Industrial Accident

A steelworker who was injured last week in an industrial accident at a northwest Indiana steel mill has died at a Chicago hospital, officials said. Michael Osika, 44, of Schererville died Saturday after being injured Thursday at the Cleveland-Cliffs Indiana …
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Centene to Pay Texas $165 Million in Medicaid Drug Pricing Settlement

Health insurance giant Centene Corp. has agreed to pay $165.6 million to Texas to resolve claims that it overcharged the state’s Medicaid program for pharmacy services. It’s the biggest known payout by the nation’s largest Medicaid insurer over its drug …
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Federal Court Rules in Favor of Texas Law on Social Media Regulation

A federal appeals court Friday ruled in favor of a Texas law targeting major social media companies like Facebook and Twitter in a victory for Republicans who accuse the platforms of censoring conservative speech. But the decision by the 5th …
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Fairfax-Backed Digit Insurance’s IPO Put on Hold by Indian Watchdog

Digit Insurance, a company backed by Canadian billionaire Prem Watsa’s Fairfax Group, has had a planned initial public offering (IPO) put on hold, a Securities and Exchange Board of India (SEBI) regulatory document showed on Tuesday. The IPO has been …
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People Moves: Distinguished Programs Names Walters to Real Estate Group; Alera Appoints McCormack as Director of Market Relations

Distinguished Programs Appoints Walters to Small Urban & Transitional Real Estate Group Distinguished Programs, a New York, New York-based national insurance program manager, has appointed Matt Walters as business development manager. His new role will support Distinguished’s builder’s risk, city …
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People Moves: Chubb Global Mkts Promotes Jackson as Product Head of Mgmt Liability; Pesci Rejoins WTW in EMEA Reserving; IQUW Taps Beazley’s Bell, Brown for Property

This edition of International People Moves details appointments at Chubb Global Markets, the broker WTW and the property and specialty re/insurer IQUW. A summary of these new hires follows here. Chubb Global Markets Promotes Jackson as Product Head of Mgmt …
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Hurricane Fiona Moves North With Up to $4B Economic Damages Estimated Already

Hurricane Fiona strengthened as it moved away from Puerto Rico and the Dominican Republic where it knocked out power and spawned flash floods and landslides from torrential rains. (Editor’s Note: This article contains was updated on Sep. 19, 5:50 p.m. …
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