INSURANCE NEWS
Insurers Weigh Covering Ukraine Grain Shipments After Deal to Re-open Black Sea Ports
A number of insurance underwriters are interested in providing cover for grain shipments from Ukraine after an agreement was reached to re-open Black Sea ports, although the first shipments are expected to be weeks away, industry sources said on Friday. …
New Orleans Approves Some Police Use of Facial Recognition
The New Orleans City Council has reversed itself and approved police use of facial recognition software and cellphone surveillance towers to investigate violent crimes. The ordinance, approved by the council on a 4-to-2 vote Thursday, comes as killings in the …
Missouri Limestone Quarry to Pay $210K EPA Penalty
Trager Limestone LLC, which operates the Nettleton Limestone Quarry in Caldwell County, Missouri, has agreed to pay a $210,000 civil penalty and perform watershed restoration at a cost of over $300,000, as part of a settlement with the federal government. …
‘I’m Calling About Your Auto Warranty’: FCC Says No More, Orders Spam Block
The Federal Communications Commission has ordered phone companies to stop carrying traffic related to robocalls about scam auto warranties. US voice service providers must now “take all necessary steps to avoid carrying this robocall traffic,” or provide a report outlining …
Boy Scouts of America and Girl Scouts Settle Trademark Dispute Over Co-Ed Scouting
The Boy Scouts of America and Girl Scouts have settled their dispute over the Boy Scouts’ right to use the word “scouting” to advertise co-ed programs, according to a filing in Delaware bankruptcy court on Friday. The settlement ends a …
T-Mobile to Pay $350 Million in Settlement Over Massive Hacking
T-Mobile US Inc. agreed Friday to pay $350 million and spend an additional $150 million to upgrade data security to settle litigation over a cyberattack last year that compromised information belonging to an estimated 76.6 million people. The preliminary settlement …
Former Students Sue Insurers over Alleged Abuse at Georgia Boarding School
Twenty men who said they were sexually abused at a prestigious boarding school in Georgia are now suing the school’s insurance companies for $345 million. The insurers argue that their policies did not cover the alleged abuse and that the …
People Moves: Liberty Names Lopez Managing Partner in California; Montoya Made Strategic Partnership Advisor
The Liberty Company Insurance Brokers named Michael Lopez a managing partner in the firm’s Santa Rosa, California, office. Lopez has more than 20 years of leadership experience. The Liberty Company also added Michelle Montoya as a strategic partnership advisor in …
Gun Rights Groups Seek Injunction Against Delaware Gun Control Legislation
Delaware gun rights groups have filed a federal lawsuit seeking an injunction against recently passed gun control legislation. The Delaware State Sportsmen’s Association filed the lawsuit in U.S. District Court on Wednesday, The News Journal reported. Other groups involved in …
California Governor Signs Gun Law Enabling Citizens to Sue for Violations
California Gov. Gavin Newsom on Friday signed a controversial gun control bill that was modeled after Texas’ vigilante abortion law, which enables private citizens to file lawsuits against anyone who imports, distributes, manufactures or sells illegal firearms in the state. …
Europe Wildfire Damage Jumps 75%; Models Need More Development: Chaucer
Damage from large wildfires in Europe has jumped dramatically, with a 75% increase in the amount of land burned in the latest year, according to analysis by Chaucer, the specialty re/insurer, which warns that modeling for wildfire risk in Europe …
Texas DWC Seeks Comments on Benefits Forms Changes
The Texas Department of Insurance, Division of Workers’ Compensation (DWC) is accepting public comments on revisions to two forms: DWC Form-046, Request to Accelerate Impairment Income Benefits. This form is necessary to allow injured employees with a hardship a way …