INSURANCE NEWS
Man Pleads Guilty to Conspiring in Illinois Underground Mine Fire Fraud
A Kentucky man entered a guilty plea to conspiring to defraud the U.S. Mine Safety and Health Administration (MSHA) in relation to an underground fire that occurred in the MC#1 Mine in Franklin County, Illinois, in August 2021. According to …
Texas Program Aims to Reduce Car Crashes and Fatalities in Permian Basin
Workers at the Texas Department of Transportation have begun responding to calls to remove debris and abandoned vehicles from West Texas roads and extinguish vehicle fires. They also change flat tires and jumpstart car batteries. The program, launched in Midland …
Multi-Vehicle Crash in East Texas Injures 17
A multi-vehicle crash Saturday on an East Texas interstate sent 17 injured people to area hospitals and shut down a major interstate for hours. None of the injuries appeared to be life threatening after the crash along Interstate 20 involving …
Missouri Auto Dealership to Pay $275K in Sex Discrimination Case
Landmark Dodge, Inc., and Landmark South, Inc. (Landmark Dodge), the owners of automobile dealerships in Independence, Missouri and formerly in Belton, Missouri, will pay $275,000 and furnish other relief to settle a U.S. Equal Employment Opportunity Commission (EEOC) lawsuit, the …
IPO Floodgates Open for Fall Season as Trump Tariff Worries Ease
A slew of companies across sectors ranging from crypto to consumer launched U.S. IPO roadshows on Tuesday, kicking off the post-Labor Day fall window as investor anxiety over U.S. President Donald Trump’s tariffs started to recede. Analysts say the window …
Ten Big Banks Defeat Antitrust Lawsuit in Over Bond Trades
A U.S. judge on Tuesday dismissed an antitrust lawsuit accusing 10 large banks of conspiring to rig corporate bond prices at the expense of ordinary investors, after the original judge recused himself because his wife owned stock in one of …
Markets/Coverages: Marsh Extends Nimbus Data Center Facility to US Projects
Marsh, a business of Marsh McLennan, announced the extension of its Nimbus insurance facility for the construction of large-scale data centers across the US, as well as in Canada, New Zealand, and Australia. Launched in June and initially covering the …
Florida OIR Fines Carriers for Adjuster Appointments, Lack of Disclosure Statements
Florida Insurance Comissioner Michael Yaworsky this year has levied more than $2 million in fines against 8 property insurance companies over claims-handling practices flagged by recent market conduct examinations. Three of the companies, American Coastal Insurance, American Mobile Insurance, and …
Marsh McLennan Agency Acquires Robins Insurance in Nashville
Marsh McLennan Agency, part of Marsh and with offices in New York and around the country, has acquired Robins Insurance of Nashville. The agency, on the cusp of celebrating 50 years in operation, offers business and personal lines coverage in …
Google Adtech Fine on Hold as EU Awaits Lower US Car Duties, Sources Say
EU antitrust regulators have delayed fining Alphabet’s Google over its adtech business, while waiting for the United States to cut tariffs on European cars as part of a trade deal, three people with knowledge of the matter said on Tuesday. …
Chinese Firm Faces $420 Million Zambia Mine-Spill Damages Claims
eople affected by a large-scale toxic spill at a Zambian mine in February are demanding $420 million in compensation from the Chinese state-owned company that operates the site. Two separate groups sent letters of demand to Sino Metals Leach Zambia …
Jaguar Land Rover Hit by Cyber Incident That Disrupts Production, Sales
Jaguar Land Rover’s retail and production activities have been “severely disrupted” following a cybersecurity incident, the British luxury carmaker said on Tuesday, adding that it was working to restart its operations in a controlled manner. The company, owned by India’s …