INSURANCE NEWS
Michigan Court: Changes to Auto Insurance Law Don’t Apply to Long-Term Victims
Major changes in Michigan car insurance law do not apply to people who were severely injured before summer 2019, the state appeals court said Thursday, a victory for long-term victims of motor vehicle crashes and their care providers. In a …
Michigan-Based Salvation Army Store Sued for Violating ADA
Global charitable organization The Salvation Army violated federal law at its Ann Arbor, Michigan thrift store when it fired a cashier because of his mental and physical disabilities, the U.S. Equal Employment Opportunity Commission (EEOC) charged in a lawsuit filed. …
Texas Barbecue Owner, Manager Indicted in $350,000 Workers’ Fraud Scheme
The owner of an East Austin, Texas restaurant and her manager have been indicted and summoned to appear in Travis County District Court for their alleged role in a $350,000 workers’ compensation fraud scheme. Allison Clem, manager of la Barbecue, …
World Insurance Acquires 2 Massachusetts Agencies: Tarpey and Rush-Kent
Insurance broker World Insurance Associates acquired two Massachusetts agencies: Tarpey Insurance Group of Wakefield, and Rush-Kent Insurance Agency Inc. of Arlington, on August 1. Tarpey is a family-owned and operated insurance agency. James J. Tarpey took ownership of the agency …
World’s Most Popular Password Manager Says It Was Hacked
LastPass, a password manager used by more than 33 million people around the world, said a hacker recently stole source code and proprietary information after breaking into its systems. The company doesn’t believe any passwords were taken as part of …
Moderna Sues Pfizer/BioNTech for Patent Infringement Over COVID Vaccine
Moderna is suing Pfizer and its German partner BioNTech for patent infringement in the development of the first COVID-19 vaccine approved in the United States, alleging they copied technology that Moderna developed years before the pandemic. Pfizer shares fell 1.4% …
Girl Awarded $26M over California School Sex Assault
A jury awarded $26 million to a Pasadena special-needs student who was sexually assaulted by three classmates, her lawyers said Wednesday. A Los Angeles County jury in Long Beach ruled this week in a negligence lawsuit against the Pasadena Unified …
California to Phase out Gas Vehicles to Fight Climate Change
California set itself on a path Thursday to end the era of gas-powered cars, with air regulators adopting the world’s most stringent rules for transitioning to zero-emission vehicles. The move by the California Air Resources Board to have all new …
Mississippi Cleaning Up After Heavy Rains, Flash Flooding
Heavy rain and flash flooding have prompted evacuations, rescue operations and closures across Mississippi. Rain has pummeled the central and southern parts of the state for the last three days. In statements posted to Twitter, the National Weather Service said …
Two Law Officers Killed in Helicopter Crash in Tennessee
Federal and state officials are investigating after two Tennessee law enforcement officers died when their helicopter hit power lines and crashed in a wooded area near Chattanooga. Tennessee Highway Patrol Sgt. Lee Russell of the Aviation Division and Marion County …
Forget Showering, It’s Eat or Heat for Shocked Europeans Hit By Energy Crisis
No more ironing, limited oven use and showering at work – Europeans are trying to keep their energy use down but the bills keep climbing. As wholesale gas and electricity prices surge, millions of people in Europe are now spending …
U.S.-Listed Companies Will Have to Disclose How CEO Pay Stacks Against Firm Performance
Wall Street’s main regulator on Thursday voted to adopt a measure requiring that U.S.-listed companies disclose how the pay of their top executives squares with overall company performance. The U.S. Securities and Exchange Commission said the rule will require that …