INSURANCE NEWS
McCarty Critical of Consultant’s Report on MGAs, as Average Premiums Drop in Florida
Amid an uproar over reports that Florida property insurance companies had shifted profits to affiliated firms while rates rose and carriers slid into insolvency a half-decade ago, former Florida Insurance Commissioner Kevin McCarty weighed in on the controversy. A consultant’s …
Key Parts of Original Black Sea Grain Deal With Ukraine Were Never Fulfilled: Kremlin
Russia and the United States will discuss resuming a deal to ensure the safety of merchant shipping in the Black Sea, the Kremlin said on Monday, noting that what Moscow saw as key parts of an earlier agreement on the …
Connecticut Court Restores Administrative Law Judge’s Discretion in Workers Comp
The Connecticut Supreme Court has ruled that an administrative law judge has the discretion to award a workers compensation claimant, after he or she reaches maximum medical improvement, ongoing temporary partial incapacity benefits in lieu of permanent partial disability benefits …
UK Detects First Case of Bird Flu in a Sheep, Fueling Fears of Spread
Bird flu has been detected in a sheep in northern England, the first known case of its kind in the world, Britain’s government said, adding to the growing list of mammals infected by the disease and fueling fears of a …
Property Data and Info Provider CoreLogic Rebrands to Cotality
Property data provider CoreLogic is rebranding to Cotality. The rebrand includes a new name, logo and brand identity. “The property ecosystem underpins the prosperity of individuals, businesses, governments, and society as a whole. But at the core, it’s people, businesses, …
Argo Group Promotes CFO Donahue to CEO; Chan Now CFO
Specialty insurer Argo Group International Holdings said it has named Chris Donahue as chief executive officer. Donahue joined as chief financial officer in November 2023 – the same month Brookfield Reinsurance completed its acquisition of Argo Group. Also at this …
Air Lease Corp. Gets $329 Million Insurance Payout for Jets Stranded in Russia
Aircraft lessor Air Lease Corp. said on Monday it has received $328.5 million in cash, as part of certain insurance settlements related to its aircraft which were blocked from leaving Russia after the country’s invasion of Ukraine. Before the invasion …
NHTSA Opens Probe Into Nearly 1.3 Million Ford F-150 Trucks
The National Highway Traffic Safety Administration is investigating nearly 1.3 million Ford F-150 pickup trucks in the United States over reports of an unexpected gear downshift accompanied by a temporary rear wheel lock-up. NHTSA said Monday it is opening a …
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” …