INSURANCE NEWS
Several Companies Must Face Lawsuit Over Tainted Baby Food, Judge Rules
A U.S. judge said several companies including Walmart, Beech-Nut and Gerber must face a nationwide lawsuit claiming that toxic heavy metals contaminated their baby food, causing brain and neurodevelopmental damage to children who ate it. In a decision on Wednesday, …
Kansas’ Key Insurance Placed Into Liquidation
Key Insurance, a Kansas-based insurer specializing in non-standard auto, was placed into liquidation this week after a court ruled the company insolvent. The Shawnee County District Court ordered the liquidation of Key on March 31 after reviewing significant evidence that …
Supreme Court: Truck Driver Can Seek Treble Damages Over THC in CBD Product
The Supreme Court on Wednesday sided with a truck driver who wants to sue for triple damages over a CBD hemp product he says was falsely advertised as being free from marijuana’s active ingredient and resulted in him getting fired. …
Risk Digitization Top Tech Priority for US Insurers
Risk digitization was cited as the primary technology priority for revenue growth in a recent study from insurtech Cytora. Cytora surveyed 200 senior leaders from global insurance firms and found that 76% of respondents saw risk digitization (encompassing new business, …
Consultant Sheds Some Light on Hot-Potato MGA Fee Report at Florida Legislative Hearing
A Florida House of Representatives panel went straight to the source of a consultant’s report that has caused widespread concern among lawmakers about insurance company profit-shifting. But the hour-long, web interview with Arizona-based consultant Jan Moenck shed only limited light …
California Delivery Company Must Repay $2M for Workers’ Comp Scheme
A Los Angeles, California, couple was sentenced after an investigation reportedly found they underreported more than $21 million in employee payroll for their delivery companies. John Nemandoust, 70, was sentenced to 60 days in county jail, and Annette Assil, 62, …
People Moves: World Insurance Associates Promotes Scheuer to Division Revenue Leader for Great Lakes Region
Katie Scheuer has been promoted to the newly created position of Division Revenue Leader for the Great Lakes Region at World Insurance Associates. She was formerly the Division Growth Leader for the Great Lakes and West Regions, and continues to …
Measles Outbreak Spreads to Central Texas; 5 States Report Outbreaks
Texas, Oklahoma and New Mexico reported new measles cases this week, with the outbreak expanding for the first time into central Texas. Already, the U.S. has more measles cases this year than in all of 2024, the U.S. Centers for …
Deadly Storms Bring Flooding and Destruction to Central US
Deadly storms and flooding rains left a path of destruction across 14 states in the US South and Midwest, knocking out power to more than 400,000 customers. Record rain fell in Memphis and eastern Missouri overnight and more is expected …
South Texas Storms Expected to Cause Over $100M in Damage
At 2 a.m. Friday, Rick Saldaña was traveling back to Edinburg from Mercedes, a city about 26 miles away, in an area known as the Mid-Valley. The roads were flooded. The frontage roads that feed into the expressway resembled lakes. …
Hub Acquires Illinois’ Dansig
Hub international Limited announced that it has acquired the assets of Dansig, Inc., d/b/a Dansig Insurance Risk Advisors (Dansig). Terms of the transaction were not disclosed. Located in Decatur, Illinois, Dansig is an independent insurance risk advisor offering a suite …
Early CSU Hurricane Season Forecast Calls for ‘Above-Average’ Activity
The team of hurricane researchers at Colorado State University has predicted an above-average Atlantic hurricane season for 2025. CSU’s initial forecast of the hurricane season issued April 3 calls for 17 named storms and nine hurricanes – with four major …