INSURANCE NEWS
Judge Allows Lawsuit Claiming Poland Spring Water Is Not From a Spring
A federal judge in Connecticut refused to dismiss a long-running lawsuit accusing the former Nestle Waters North America of defrauding consumers by labeling its Poland Spring bottled water as “spring water.” While rejecting some claims in the proposed class action, …
US Dockworkers, Port Employers Set to Restart Talks Next Week
Leaders from a US dockworkers’ union and the group that represents their employers are set to resume contract talks on Jan. 7 as the threat of a strike looms, according to a person familiar with the negotiations. Facing a mid-January …
Alliant Moves into Alabama with Osborne as SVP
Alliant Insurance Services has named Johnny Osborne senior vice president for its Americas division. Based in Huntsville, Alabama, Osborne will open the Alabama market for Alliant, further expanding the company’s reach in the Southeast. Osborne has some 10 years’ experience …
Brown & Brown’s Nexus Agrees to Acquire Reinsurance MGA Arma in Dubai
Nexus Underwriting, a Brown & Brown group business, announced it has entered into an agreement to acquire Arma Fusion Ltd., the parent company of Arma Underwriting Ltd. Arma is a leading specialty reinsurance MGA based in the Dubai International Financial …
Tugboat Sinks Into Mississippi River After Collision With Tanker Ship in Louisiana
LULING, La. (AP) — The crew of a tugboat was quickly rescued when their vessel sank into the Mississippi River following a collision with a tanker ship in Louisiana. The U.S. Coast Guard said Monday that it is investigating the …
Owner Seeks Release of Oil Tanker Seized in Finland Cable Probe
The owner of an oil tanker seized by Finland on suspicion of breaking an undersea power line and four telecoms cables in the Baltic Sea last week is seeking the release of the ship, a lawyer representing the company said …
People Moves: Hiscox USA Names Lamantia Chief Technology Officer
Hiscox hired Frank Lamantia as chief technology officer, effective January 21. He will report to Mary Boyd, CEO of Hiscox USA, as well as Chris Loake, chief information officer of Hiscox Group, and will serve on both the Hiscox US …
Mixed Bag: What Trump 2.0 Tariffs, DOGE Activities Mean For Insurers
Setting aside the populist flavor of his campaign rhetoric, Donald J. Trump’s previous service as the nation’s 45th president presents a remarkable opportunity to make educated guesses about the impact of his expected policies on the property/casualty insurance industry as …
BTW Settles Whistleblower Suit on Overbilling of Federal Workers’ Comp Program
BTW Solutions bills itself as a drug wholesaler and billing service – and as a way for physicians to maximize profits on workers’ compensation and personal-injury-protection patients through the use of topical creams and durable medical equipment. The Benton, Arkansas-based …
California State Fund Declaring 15% Dividend for 2024 Policy Year
State Compensation Insurance Fund in California announced that it will declare a $149 million dividend to qualifying policyholders with policies that took effect between Jan. 1 and Dec. 31, 2024. This dividend equals roughly 15% of the estimated annual premium …
Giuliani Faces Contempt Hearing Over His Assets in Defamation Case
A federal judge is signaling that Rudy Giuliani’s contempt hearing on Friday might not end so well for the former New York City mayor and onetime personal lawyer for President-elect Donald Trump as two Georgia election poll workers try to …
He Saved the Chocolates But Lost His Workers’ Compensation Insurance
An employee who was injured when rescuing chocolate candies from the heat in his employer-owned delivery truck is not due workers’ compensation benefits. The Virginia Workers’ Compensation Commission (WCC) upheld a deputy commissioner’s denial of benefits, agreeing that Ronald Mark …