INSURANCE NEWS
Oregon DOJ Clears Way for New Ag Worker Housing Safety Rules in Oregon
The Oregon Occupational Safety and Health Division acted within its legal authority when adopting enhanced safety and health regulations for agricultural labor housing, the Oregon Department of Justice confirmed. The clarification for OSHA dispels doubts regarding the division’s capacity to …
Alabama Senate Advances New Regs on Pharmacy Benefit Managers
MONTGOMERY, Ala. (AP) — Two blocks from the Alabama Statehouse, a black wreath hung on the door of Adams Drugs — a symbol to draw attention to the number of neighborhood pharmacies that have closed, or are in danger of …
New Hampshire Settles Youth Center Abuse Claim for $10 Million
The New Hampshire attorney general’s office has agreed to a $10 million settlement in the case of a man who alleged that he was gang-raped in a stairwell at the state’s youth detention center in the 1990s. Michael Gilpatrick’s lawsuit …
Georgia Lawmakers Approve Major Tort Reform, Overhaul of Legal System
ATLANTA (AP) — Republican Gov. Brian Kemp’s measure to limit lawsuits in Georgia received House approval Thursday, poising the state’s litigation landscape for a controversial overhaul after a lengthy lobbying campaign. Supporters of the bill say it will stop “frivolous” …
Risk Placement Services Acquires Litchfield Special Risks in Texas
Risk Placement Services acquired El Paso, Texas-based Litchfield Special Risks Inc. Bill Brenton and his team will remain in their current location under the direction of Ash Thomas, vice president of the Western Region for RPS. LSR is a wholesale …
Fidelis Partnership Launches International Casualty MGA, Writing Primary, Excess Cover
Pine Walk Capital Ltd., the specialist MGA platform and wholly owned subsidiary of The Fidelis Partnership (TFP), announced the launch of an international casualty MGA called Sevanta Specialty Liability Ltd. Sevanta will focus on niche international specialty liability, writing business …
Auto Insurer Root to Pay New York $975K Over Data Breach
New York Attorney General Letitia James has secured $975,000 in penalties from auto insurance company Root over a data breach that exposed the personal information of about 45,000 New Yorkers. Root does not offer insurance in New York, but scammers …
People Moves: Marsh Promotes Russell as Global Head of Wholesale; Markel Boosts Wholesale Claims Team With 3 Key Promotions, Technical Claims Hire
This edition of International People Moves details appointments at insurance broker Marsh and the insurer Markel. A summary of these new hires follows here. Marsh Promotes Russell as Global Head of Wholesale, Meah as Head of Strategy, Global Placement Marsh, …
UK Pledges Anti-Bribery Cooperation With French, Swiss After US Retreat
British, French and Swiss prosecutors agreed to form a new intelligence sharing partnership in a bid to tackle overseas corruption following the pullback of US authorities from international bribery cases. The three senior prosecutors announced the initiative Thursday [March 20] …
AI Chatter Hits Record on European Earnings Calls Across Sectors
The chatter around artificial intelligence on earnings calls in Europe is scaling new peaks as even companies beyond technology-related sectors are embracing it to boost efficiency and competitiveness. Mentions of “AI” on fourth-quarter earnings calls of companies in the Stoxx …
Michigan Taco Bell Franchises Sued for Sexual Harassment
Six related entities operating Taco Bell restaurants in Michigan violated federal law when they allowed a senior area manager to sexually harass female employees, including multiple teenage employees, he supervised, and fired a local assistant manager the same day she …
As Mountain Glaciers Melt, Risk of Catastrophic Flash Floods Rises for Millions
In mountain ranges around the world, glaciers are melting as global temperatures rise. Europe’s Alps and Pyrenees lost 40% of their glacier volume from 2000 to 2023. These and other icy regions have provided freshwater for people living downstream for …