INSURANCE NEWS
Ford Hit With Near-Record $165 Million Penalty on Recall Failure
Ford Motor Co. agreed to a $165 million civil penalty to settle allegations the company failed to recall cars with defective rearview cameras in a timely manner, the second-largest fine ever levied by the National Highway Traffic Safety Administration. Ford …
Emerald Bay Launches Co-Op and Condo Casualty Program with Vanderbilt Properties
Underwriting carrier Emerald Bay Risk Solutions announced a partnership with Vanderbilt Properties Associates, Inc., a risk purchasing group comprising a large portfolio of high-end residential and commercial real estate properties as its members, to launch its inaugural casualty program. The …
Judge Sets April Trial Date for Palin’s Libel Claim Against New York Times
A federal judge set an April retrial date on Tuesday for Sarah Palin’s libel case against The New York Times, even as lawyers on both sides for the first time said they hope to engage in talks to settle the …
Michigan Court of Appeals Rules in Favor of Police in 2020 Custody Death Lawsuit
The Michigan Court of Appeals has ruled in favor of police and dismissed a lawsuit alleging negligence in the 2020 death of a woman who was in custody in suburban Detroit. There wasn’t enough evidence to let a jury decide …
Jury Awards Baltimore $266 Million in Damages After Opioid Trial
A jury has awarded the city of Baltimore $266 million in damages in its suit against pharmaceutical firms McKesson and AmerisourceBergen for their part in the city’s opioid epidemic. With the jury award, the city has notched another win for …
World Insurance Acquires New Jersey’s United Counties Insurance
National broker World Insurance Associates reports that it acquired the business of United Counties Insurance Group of Old Bridge, New Jersey on August 1, 2024. Terms of the transaction were not disclosed. United Counties sells home, auto, business and health …
Texas DWC Seeks Comments on Employer Forms
The Texas Department of Insurance, Division of Workers’ Compensation (DWC) is accepting public comments on revised static forms: DWC Form-005, Non-Subscriber Notice to Division of Workers’ Compensation. DWC Form-007, Employer’s Report of Non-Covered Employee’s Work-Related Injury or Illness. DWC said …
Rapper Nelly Has Drug, Insurance Charges Dropped Following Summer Arrest
Rapper Nelly won’t face drug charges following his arrest this summer at a St. Louis-area casino, a prosecutor said. Nelly was arrested at 4:45 a.m. Aug. 7 as he sought to collect several jackpots he won at Hollywood Casino & …
People Moves: FMIG Adds Grimes as Account Manager; Convr Appoints Vaglieri as COO
First Mid Insurance Group (FMIG) announced the addition of Amanda ‘Mandi’ Grimes as an Account Manager leading their FMIG Select team. In her new role, Grimes will be responsible for leading a team of account management and administrative professionals who …
Indiana Home Care Operator Faces $172K for Federal Wage Law Violations
The operator of an Indiana home care company may have to pay more than $172,000, including $86,000 in overtime wages, for violating federal wage laws, the Department of Labor announced. Hahn March, owner of Aging and Disabled Home Healthcare in …
Texas Workers’ Comp is Growing, Profitable, Adding Doctors
Texas’s worker’s compensation market is stable and steadily growing. The workers’ compensation market is one of the few consistently profitable lines in the state, according to the Worker’s Compensation Annual Report 2024 from the Insurance Council of Texas. Texas has …
Allianz Exec Ryan to Succeed Donnell as NCCI President and CEO
The board of NCCI Holdings, Inc. elected Tracy Ryan as its new president and CEO, effective January 6, 2025. Bill Donnell, the company’s current president and CEO, is retiring in February 2025. Boca Raton, Florida-based NCCI said Ryan has more …