INSURANCE NEWS
Pedestrian Traffic Deaths About 50% Than a Decade Ago: Report
About 50% more pedestrians were killed during the first six months of 2024 compared to a decade ago, although the number is down 2.6% from the prior year. According to a report breaking down deaths by state published by the …
Jazz Pharma to Pay $145 Million to Settle Narcolepsy Drug Antitrust Case
Jazz Pharmaceuticals JAZZ.O said on Tuesday that it had agreed to a settlement of $145 million to resolve a series of antitrust lawsuits related to its narcolepsy drug, Xyrem. Xyrem, a medication approved in the U.S., is used for the …
Missouri Roofer to Pay $290K Over Teen Worker’s Fatal Fall
The U.S. Department of Labor reached an agreement with Jamesport roofing contractor John Troyer after a federal investigation determined he violated federal laws, resulting in a teen worker’s fatal fall in March 2023. The department’s Occupational Safety and Health Administration …
Texas Bill Would Add New Regulations for Renewable Energy Sector
Texas’ renewable energy industry is booming. Accounting for nearly 90% of new electrical generation, wind, solar and battery storage industries have established themselves as a reliable source of energy for the state’s grid — and positioned Texas as a national …
Keystone Oil Pipeline Is Shut After a Spill in North Dakota
South Bow Corp.’s Keystone oil pipeline has been shut after a spill in southeast North Dakota, curtailing a conduit that carries as much as 15% of Canada’s crude exports to the US. The pipeline was shut within two minutes after …
People Moves: Allianz Commercial Expands US Construction With Hires; IMA Hires Lockton’s Wargo to Lead Property Team
Allianz Commercial, headquartered in New York City, expanded its U.S. construction team with five new hires who will join Allianz Commercial’s Master Builder’s Risk team by mid-April. Kristen Hoskinson was appointed executive underwriter team leader for Allianz Commercial. Based in …
Justice Department Disbands Cryptocurrency Enforcement Team
The U.S. Justice Department is disbanding its National Cryptocurrency Enforcement Team and ordering prosecutors to narrow crypto investigations to focus on drug cartels and terrorist groups, according to a memo seen by Reuters. The memo from Deputy Attorney General Todd …
Viewpoint: EEOC Documents on DEI Programs Increase Pressure on Employers
On March 19, 2025, the U.S. Department of Justice (DOJ) Office of Public Affairs issued a press release announcing two technical assistance documents jointly released by the U.S. Equal Employment Opportunity Commission (EEOC) and the DOJ. The stated purpose of …
Report Shows California Workers’ Comp Medical Review Denials Still Rarely Overturned
The rate of California workers’ compensation medical treatment request denials being overturned was up slightly last year, but they are still a relatively rare occurrence, a new report shows. Denials were overturned at a rate of 12.7%, an increase from …
Singer Sues Metropolitan Opera Over Her Dismissal After Giving Birth
Mezzo-soprano Anita Rachvelishvili sued the Metropolitan Opera and her union, alleging the company unlawfully terminated her contracts because of a vocal issue that developed after she gave birth. She also accused the union of failing to pursue a grievance against …
New Mexico Insurance Department Moving to Increase FAIR Plan Limits
New Mexico Superintendent of Insurance Alice Kane increased maximum residential property insurance limits for policies from $350,000 to $750,000 through the New Mexico Fair Access to Insurance Requirements Plan. The move was adopted by the NM FAIR Plan Governing Committee. …
US Trade Rep Faces Bipartisan Questions on Scope and Duration of Tariffs
U.S. Trade Representative Jamieson Greer told U.S. senators on Tuesday that President Donald Trump’s administration has no plans to change tactics on the global tariff program in the near term, prompting some light push back from Republican lawmakers as Democrats …