INSURANCE NEWS
Spanish Court Orders Meta to Pay Nearly €500 Million in Damages to Media Outlets
Spanish legacy media companies in Spain scored a victory against social media giant Meta after a Madrid-based court ordered Thursday [Nov. 20] that it must pay news outlets nearly half a billion euros in damages. According to a court statement, …
North Carolina Motorist Tells 911: Eagle Dropped a Cat Through the Windshield
A motorist in western North Carolina escaped injury when the carcass of a cat crashed into the passenger side of her front windshield along a highway near the Great Smoky Mountains National Park. In a call to 911, the unidentified …
Indonesia Seizes 8 Containers of Imported Zinc Powder Contaminated With Caesium-137
Indonesia has seized eight containers of imported zinc powder found to be contaminated with radioactive caesium-137, an official said on Monday, as the Southeast Asian country steps up efforts to intercept contaminated goods leaving and entering the country. The containers …
Ozempic Users in Denmark Win Eye-Disease Payout
Four patients who developed a serious eye disease after using Novo Nordisk A/S’s blockbuster weight-loss drugs have been granted compensation in Denmark, the drugmaker’s home market. The claimants received a combined 800,000 kroner ($124,000), though that figure may rise if …
US States Take Aim at Data-Driven Pricing to Ease Consumer Pain
Even as the White House seeks to roll back state laws on artificial intelligence, states are pursuing an increasing number of bills to ban tech-driven pricing practices in an effort to bring consumers relief from high costs. By taking on …
As Infant Botulism Cases Climb to 31, Recalled ByHeart Formula Remains on Shelves
As cases of potentially deadly botulism in babies who drank ByHeart infant formula continue to grow, state officials say they are still finding the recalled product on some store shelves. Meanwhile the company reported late Wednesday that laboratory tests confirmed …
‘Agent of the Year’ in Georgia Sentenced to 2+ Years After Misusing Premium Payments
A central Georgia insurance agency owner and former Alfa insurance agent of the year must serve more than two years in prison after he pleaded guilty to bank fraud and misusing more than $220,000 in premiums. Jeremy Lasseter, who owned …
SEC to Drop Controversial SolarWinds Cyberattack Lawsuit
The US Securities and Exchange Commission will drop its landmark lawsuit against SolarWinds Corp. that accused the company of covering up internal problems ahead of a massive cyberattack. The SEC, the software company and its top information security official jointly …
Trump Threatens to Withhold $75M From Pennsylvania Over Immigrant Truck Drivers
The Trump administration has threatened to withhold nearly $75 million in funding if Pennsylvania does not immediately revoke what the administration claims are illegally issued commercial driver’s licenses to immigrants. The move by U.S. Transportation Secretary Sean Duffy to target …
People Moves: TMK Taps Beresford From CNA Hardy as Life Sciences U/W; Hampden Risk Partners Promotes D’Alessandro as Active U/W, Replacing Sharp
This edition of International People Moves details appointments at Tokio Marine Kiln and Hampden Risk Partners. A summary of these new hires follows here. Tokio Marine Kiln Taps Beresford From CNA Hardy as Life Sciences U/W Tokio Marine Kiln (TMK), …
Strengthen Oklahoma Homes Program to Expand Statewide by 2026
The Oklahoma Insurance Department (OID) recently announced the reopening of previously designated zip codes for the pilot launch of the Strengthen Oklahoma Homes (SOH) Program, an initiative aimed at helping Oklahoma homeowners fortify their residences to resist storm, wind, and …
Tokio Marine Holdings to Acquire Illinois-Based Commodity & Ingredient Hedging
Tokio Marine Holdings, Inc. announced that it has signed a definitive agreement to acquire Commodity & Ingredient Hedging (“CIH”), a leading provider of risk management solutions for the agricultural and commodity sectors, from Falfurrias Capital Partners (“Falfurrias”). The transaction is …