INSURANCE NEWS
People Moves: Alliant Hires Johnson as EVP in M&A Specialty
Alliant Insurance Services hired Adam Johnson as executive vice president within Alliant Specialty. Based in the San Francisco Bay Area, Johnson has experience in insuring venture capital and private equity funds, along with their portfolio companies. He develops strategic risk …
How Maine Is Spending Its Share of Opioid Settlement Money
Over the past five years, the attorney general’s office, with Aaron Frey at the helm, has secured for Maine more than $260 million in settlements with major pharmaceutical companies accused of “supercharging” the opioid epidemic. It has overseen the settlements’ …
Goldman Helps Lead Financing for 5-Gigawatt Texas AI Power Sites
Goldman Sachs Group Inc. is co-leading financing for a Texas project to build private power campuses for artificial intelligence. The New York banking giant is working with real estate advisory Newmark Group Inc. to raise both equity and credit for …
Texas Secures $1.25M Settlement from Hyatt for Consumer Protection Violations
Texas Attorney General Ken Paxton secured a $1.25 million settlement with Hyatt Corporation for violating Texas consumer protection laws by marketing hotel rooms at prices that were not available to the public as advertised. Paxton’s lawsuit against the company alleged …
Michigan AG Provides Tips to Avoid Storm-Related Scams
Michigan Attorney General Dana Nessel sent a reminder to residents to watch out for post-storm scams after a winter storm brought frigid air and more than two feet of snow to much of the state. To avoid falling victim to …
Ohio Wendy’s Sued for Disability and Age Discrimination
Wendy’s International, LLC violated federal law when it discriminated against a district manager because of disability and age, the U.S. Equal Employment Opportunity Commission (EEOC) charged in a lawsuit announced. According to the lawsuit, Wendy’s International, LLC, which owns and …
Last of 7 Kentucky Crop Insurance Fraudsters Sentenced to Prison Time
A wide net cast by the U.S. Department of Agriculture and the FBI has landed its final catch—prison time for the last of six Kentucky farmers and a warehouse manager found guilty of a long-running tobacco crop-insurance fraud scheme. Larry …
Target, Walmart, Whole Foods Targeted in Botulism Suits
Target Corp., Whole Foods Market and Walmart Inc. will be added as defendants in lawsuits against baby formula maker ByHeart for selling a product potentially contaminated with spores that cause infant botulism. Bill Marler, a prominent foodborne-illness attorney who is …
Brown University Faces US Probe Over Security After Deadly Shooting
Brown University placed its campus police chief on administrative leave and the Trump administration announced an investigation into the school’s security measures after a shooting rampage this month that killed two students and injured nine others. The Education Department’s Office …
Tech Update: Zurich Launches AI-Powered Tool to Boost Multinational Contract Certainty
Zurich Insurance Group has launched Zurich Program IQ to help multinational businesses operate with confidence in an increasingly complex risk environment. This new AI-powered tool has been designed to further enhance contract certainty of multinational insurance programs across multiple regions, …
Mexico Train Derailment Piles Pressure on Sheinbaum Over Safety of Megaprojects
Mexico’s President Claudia Sheinbaum deferred questions on Tuesday about the record of a passenger train that derailed over the weekend, killing 13 people and injuring 98 others, the latest in a series of accidents that have put pressure on her …
Some Good Climate News to End the Year
Planet-warming greenhouse gas emissions kept rising in 2025 and country pledges to cut them are nowhere near where they need to be to avoid catastrophic climate change, but there were silver linings too. The world is decarbonizing faster than was …