INSURANCE NEWS
Texas Drops Suit Against Doctor Accused of Illegal Care for Transgender Youth
One of the nation’s first doctors accused of illegally providing care to transgender youth under GOP-led bans was found to have not violated the law, Texas Attorney General Ken Paxton’s office says, nearly a year after the state sued the …
Michigan Auto Parts Manufacturer Sued for Discrimination
An auto parts manufacturer with a facility in Plymouth, Michigan, violated federal law when it refused to allow an older, female worker with a disability to re-enter its apprenticeship program, the U.S. Equal Employment Opportunity Commission (EEOC) charged in a …
Illinois Man Admits to Starting Fire at a Gas Station
A Belleville, Illinois man appeared in federal court to admit to an arson charge for setting a fire in a Lebanon gas station bathroom. Carlos A. Rodriguez, 33, pleaded guilty to one count of arson of real property used in …
SEC Poised to Review IPO Bar on Mandatory Shareholder Arbitration
Wall Street’s top regulator will on Wednesday consider a policy change that could allow companies going public to force shareholders to resolve disputes in private arbitration rather than through court litigation, in a major shift that could weaken investor rights. …
People Moves: Arch Insurance Taps AXA XL’s Martins as Head of Executive Assurance for France; DUAL Europe Announces Key Cyber Appointments
This edition of International People Moves details appointments at Arch Insurance and DUAL Europe. A summary of these new hires follows here. Arch Insurance Taps AXA XL’s Martins as Head of Executive Assurance, France Arch Insurance announced the appointment of …
Insurance Industry Reps Back Reauthorization of Federal Terrorism Backstop
Marsh McLennan lost 358 employees in the terrorist attack on the World Trade Center on Sept. 11, 2001, and in Washington today Michelle Sartain, who has worked at Marsh for more than 28 years, encouraged lawmakers to reauthorize the Terrorism …
Authorities Examining Why Concrete Mixer Turned On, Killing Alabama Worker
An Alabama worker died from blunt force trauma after he he was performing maintenance inside an industrial concrete mixer, a coronor has determined. The investigation is continuing into the death of Edgar Earl Davis IV, age 29, who was pronounced …
Business Moves: Intermediary Specialist Risk Group Buys UK Broker Champion Insurance; Broker Clear Group Acquires UK Fire Safety Specialist Delco Safety
UK Intermediary Specialist Risk Group Buys Broker Champion Insurance Specialist Risk Group (SRG), the London-based insurance intermediary, announced it has acquired Champion Insurance Group and its specialist subsidiaries Champion Professional Risks and Champion Health & Benefits. Financial details of the …
Moms Turn in Sons Charged With $50,000 in Vandalism at Florida School
Two boys were turned in by their mothers Monday to face charges for allegedly causing $50,000 worth of vandalism damage to a central Florida elementary school’s media center, investigators said. The 12- and 13-year-old boys broke into Friendship Elementary School …
JD Power: Customers Look to Alternatives as Home Insurance Premiums Rise
Homeowners insurance rates are rising at a pace not seen in more than a decade, so more customers are asking why they should stay loyal if they perceive their insurer isn’t reciprocating. According to a recent survey from J.D. Power, …
Most Corporate Climate Transition Plans Aren’t Credible, Study Finds
The effects of climate change are intensifying but businesses globally are struggling to make transition plans that they can implement in the real world, according to a report released Wednesday by the London School of Economics and Political Science. The …
Jaguar Land Rover Cyberattack Fallout Spreads to Suppliers
The cyberattack that’s brought Jaguar Land Rover Automotive Plc factories to a standstill is affecting suppliers, with some European parts makers forced to pause or scale back their own production. German company Eberspächer Gruppe GmbH & Co., which manufacturers exhaust …