INSURANCE NEWS
Clorox Australia Fined $5.2 Million Over False Claims of Using Recycled Plastic
Australia’s competition regulator said on Monday Clorox’s local unit had been fined A$8.25 million ($5.19 million) by the Federal Court over falsely claiming its GLAD kitchen and garbage bags were partially made from recycled ocean plastic. The Australia Competition and …
People: Florida-Based Security First Elevates Two to Key Roles
Security First Insurance, one of the larger carriers in Florida, with 136,500 policies in force, has elevated two people to key positions. Scot Moore was named chief financial officer, the insurer said in an announcement Monday. Moore has 20 years’ …
Southern California Edison Lays Out $925M Plan to Rebuild After LA Wildfires
Southern California Edison (SCE), a subsidiary of utility Edison International, said on Friday it had submitted an initial plan to rebuild the areas within its service territory that were devastated by the Los Angeles wildfires in January. The preliminary plan …
Five Charged in Multi-Million-Dollar Insurance Fraud Case
Five people have been charged in a large-scale insurance fraud scheme involving misrepresented life insurance policies that resulted in fraudulent commissions totaling over $1.4 million. The five, which include a former insurance agent, reportedly fraudulently obtained more than $1.4 million …
AM Best: Tariff Uncertainty Could Lead to Credit Rating Changes for Insurers
According to AM Best, the balance sheets of insurers can be pressured by the stock and bond market volatility caused by recent tariffs, resulting in financial exposure that could lead to some changes in credit ratings. The industry financial strength …
Ransomware Hits DaVita, Kidney Care Provider Serving Hospitals
DaVita Inc. said it has been impacted by ransomware that had locked down parts of its network. The company, which specializes in providing kidney dialysis to patients at more than 700 hospitals in the US, said in a statement Monday …
EEOC Sues Illinois Shipping Company Under Pregnant Workers Fairness Act
The U.S. Equal Employment Opportunity Commission (EEOC) sued R&L Carriers Shared Services, LLC, a freight transportation and logistics company, to enforce a subpoena that the EEOC issued during their investigation of a sex and pregnancy discrimination charge, the federal agency …
Houston Resident Charged in $35M Fraud Scheme
A 62-year-old Houston resident has admitted to laundering proceeds from a large-scale bank fraud scheme, announced U.S. Attorney Nicholas J. Ganjei. William Mills admitted that from 2014 to 2023, he conspired with others in a bank fraud scheme involving dozens …
Texas Man Suing Tennessee Titans Player Over Shooting at Car Lot
A Texas man who says Titans cornerback L’Jarius Sneed or his personal assistant shot at him while he was sitting inside a Mercedes-Benz on a dealer lot in December is suing the two-time Super Bowl champ for at least $1 …
Cyber Insurance Market Size Expected to Soar: Munich Re
Munich Re said in a recent report it expects the global cyber insurance market to reach about $16.3 billion gross premiums in 2025, with continued growth that will have the market at more than $32 billion in 2023. In “Cyber …
Higginbotham Adds Agencies in Georgia, Tennessee to the Team
Higginbotham, one of the largest insurance agencies headquartered in Texas, has expanded its footprint in the Southeast by adding agencies in Georgia and Tennessee. The firm announced that Tidwell & Hilburn Insurance in Macon has become the 11th Higginbotham office …
Walmart Employee Kills Co-Worker in Georgia, Driver in Florida Injures Store Worker
COVINGTON, Ga. (AP) — A Walmart employee shot and killed a co-worker inside a Georgia store and critically wounded another worker outside early Friday while the business was closed to the public, authorities said. After leaving the store, the gunman …