INSURANCE NEWS
Travelers Championship Raised $2.5 Million for Charities
The Travelers Companies reported that the 2022 Travelers Championship generated more than $2.5 million for more than 130 charitable organizations. Since Travelers became title sponsor in 2007, the event has raised more than $25 million for more than 800 local …
Is Hyperbaric Therapy a Fire Risk? North Carolina Authorities Say It Is
The Raleigh, North Carolina, Fire Department has ordered a wellness company to stop offering an oxygen-rich hyperbaric therapy treatment because of the fire risk. Officials with Restore Hyper Wellness tell the Raleigh News and Observer they are working with city …
Names Released in WV Crash That Killed Six on Helicopter’s Last Flight
Medical examiners in West Virginia have released the names of six people killed in the crash of a Vietnam-era helicopter that gave tour rides. The aircraft crashed Wednesday during its last planned flight at an annual reunion for helicopter enthusiasts …
China Launches Disaster Insurance Trials in 6 Cities Affected by Floods in 2021
China’s third-most populous province Henan will launch pilot programs for catastrophe insurance in six cities that were the hardest hit by historic floods last summer. Aside from its capital Zhengzhou, trials are to be set up in the cities Anyang, …
Seven Taiwanese Insurers Have Not Received Russian Eurobond Payments: Regulator
Taiwan’s financial regulator said on Tuesday that seven Taiwanese insurance companies have not received interest due on May 27 on Russian Eurobonds after a grace period ended on Sunday evening. Russia defaulted on its international bonds for the first time …
UK Home Insurer Policy Expert Considers £1 Billion Sale
UK home insurer Policy Expert’s owner is considering a potential sale that could raise as much as £1 billion ($1.2 billion), people with knowledge of the matter said. Investment firm Primary Group Ltd. is working with advisory firm Perella Weinberg …
Judge Orders New Trial in Tesla Worker’s Race Bias Lawsuit
A federal judge in California on Monday ordered a new trial on the damages Tesla Inc. owes to a Black former factory worker who accused the company of race discrimination, after he turned down a $15 million award. U.S. District …
DeSantis Appoints 3 Insurance Defense Attorneys as Workers’ Comp Judges
Florida Gov. Ron DeSantis has appointed three insurance defense attorneys to the state’s workers’ compensation bench. Jill Jacobs has worked as deputy city attorney for Palm Beach for the last seven years, handling many workers’ compensation claims from city workers. …
NTSB Investigating Central Texas Plane Crash That Killed 2
The National Transportation Safety Board said it is investigating a Central Texas plane crash that killed two people. Authorities say the small plane crashed near the airport in Kerrville at around 7 p.m. on Saturday. Kerrville is located about 65 …
Maine AG Says Religious Schools May Face Obstacles Despite Supreme Court Ruling
Religious schools got what they wanted when the Supreme Court allowed them to participate in a state tuition program. But the state attorney general said the ruling will be for naught unless the schools are willing to abide by the …
Iowa City Settles Fatal Police Shooting Suit for $5M
Burlington, Iowa, has agreed to pay $5 million to settle a wrongful death lawsuit brought by the mother of a man who was shot to death by police nearly five years ago, the two sides said. The settlement comes nearly …
Alera Group Acquires Compensation Works in Washington
Alera Group acquired Compensation Works in Washington. The Compensation Works team will continue serving clients in their existing roles. Compensation Works is a national compensation company providing services that support business strategies and human capital initiatives. Alera is an independent …