INSURANCE NEWS
Texas-Based Supermarket Faces $1 Million in Fines over Unsafe Working Conditions
Despite a history of violations and worker injuries dating back almost a decade, Fiesta Mart LLC – a Houston-based supermarket operator – continues to fail in its legal obligations to protect employees. Made apparent after federal inspections in February and …
Public Adjuster Cited in Texas, Louisiana Took Cash Advances on Commissions
A public adjusting firm that was cited by regulators in both Texas and Louisiana for allegedly pocketing insurer payouts has also received cash advances from financing companies over the past several months, documents obtained by the Claims Journal show. At …
North Dakota Recreational Pot Measure Approved for Ballot
Supporters of legalizing recreational marijuana in North Dakota have succeeded in bringing the matter to a public vote in November. The group, New Approach North Dakota, submitted more than the required 15,582 valid petition signatures to get a measure on …
Indiana House Explosion Victims Died of Trauma Asphyxia
Preliminary autopsy results released Monday for the three victims of a house explosion in a southern Indiana neighborhood show they died of blunt force trauma and compression asphyxia. A married couple who lived at the center of the Wednesday explosion …
AGs: Lender Heaped Insurance Plans Onto Unwitting Borrowers
A Maryland-based lender deceived its loan customers by selling them insurance policies they didn’t ask for or know about in many cases, the attorneys general of a handful of states claimed in a lawsuit filed Tuesday in federal court in …
Transgender Workers’ Rights Widened in Court’s Disability Ruling
Transgender workers will gain broadened legal protections in the wake of a recent federal appeals court decision that gender dysphoria is covered by the Americans with Disabilities Act. Many transgender people suffer from gender dysphoria, which describes the distress caused …
Global M&A Hits 10-Year High, Says Clyde & Co.
The volume of global insurance industry mergers and acquisitions reached a 10-year high in the first half of 2022, up 9.5% from the same six months a year ago. According to Clyde & Co’s Insurance Growth Report mid-year update, the …
Judges Behind ‘Kids-for-Cash’ Ordered to Pay More Than $200M
Two Pennsylvania judges who orchestrated a scheme to send children to for-profit jails in exchange for kickbacks were ordered to pay more than $200 million to hundreds who fell victim to their crimes. U.S. District Judge Christopher Conner awarded $106 …
California Announces $1.9M Settlement with Health Insurer
California Insurance Commissioner Ricardo Lara announced a major settlement with National Health Insurance Co. The California Department of Insurance alleged that the company continuously violated California law since 2015 by failing to post a list online of covered prescription drugs …
MGA Euclid Transactional Opens Stockholm Office
Euclid Transactional, a New York City-based managing general agent that specializes in transactional insurance underwriting, announced the opening of a Stockholm office, which will be led by Vice President Willy Edholm Fjellstad. The new office will further strengthen the firm’s …
Florida Hospital Facing Hundreds of Lawsuits over Surgeon’s Allegedly Botched Operations
A Jacksonville hospital now faces hundreds of lawsuits alleging that a surgeon who reportedly had palsy caused serious injuries and corrective surgeries from 2016 to 2020. The Florida Times-Union newspaper and NBC News recently reported that at least 348 suits …
Viewpoint: The Connection Between Celebrations and a Strong Culture
What will draw employees to work and keep them engaged? If your organization is wrestling with that question, you’re not alone. Insurance employers – like those in many other industries – are struggling to retain employees and engender their loyalty, …