INSURANCE NEWS

Report: California Auto Sales Leveling off, Tesla Sales Slip

New vehicle registrations in California seem to be leveling off, while consumer tastes for Telsas cooled slightly. California’s new light vehicle registrations fell by 1.7% from a year earlier, totaling 1,320,708 units, an outlook covering the first three quarters of …
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California Phlebotomy Lab and Owners to Pay $135K to Over Alleged False Claims for Blood Testing

A mobile phlebotomy lab and its owners have agreed to pay at least $135,000 to resolve False Claims Act allegations that they submitted false claims for services and associated travel mileage and paid kickbacks to a third-party marketer of the …
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NTSB: Chicago Train Operator Had Alcohol in His System During 2023 Crash

CHICAGO (AP) — Federal investigators say the operator of a Chicago commuter train that crashed almost a year ago had alcohol in his system but it wasn’t a factor in the incident. The Chicago Transit Authority train crashed into a …
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Big I Illinois Announces Annual Awards

Big I Illinois, an association representing Trusted Choice® independent insurance agents throughout the state, presented awards to top agents and agencies during the association’s annual convention and 125th Anniversary Celebration held in Peoria, October 15-17, 2024. Big I Illinois presented …
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Mississippi River Dries Up Again at Worst Time for US Farmers

The Mississippi River is suffering from low waters for the third straight autumn, a crucial time of year when American farmers rely on the route to deliver their crops to the world. Months of limited rainfall — with few chances …
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Texas Manufacturer Faces $257K Fine for Workers’ Injuries

Federal workplace safety investigators have determined that a Temple, Texas manufacturer and designer of school furnishings could have prevented an employee’s serious and permanent hand and arm injuries by installing required machine guards. Investigators with the U.S. Department of Labor’s …
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Texas Grid Chief Says Big Tech Must Pay More for Power Upgrades

Technology giants developing big artificial intelligence data centers in Texas will need to pay more for electricity infrastructure upgrades to prevent those costs from burdening households and other businesses, according to the state grid operator’s chief. Affordable power is “at …
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Clear Group Acquires UK Broker Vision Insurance Services Ltd.

The Clear Group, the London-based independent insurance broker, announced it has acquired Vision Insurance Services Ltd, based in Bagshot, Surrey, UK. Financial details of the transaction were not disclosed. This latest acquisition strengthens Clear’s presence in the south east of …
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Allianz Weighs Options for AllianzGI Unit: Sources

Allianz is weighing options for its Allianz Global Investors unit, including a possible merger or partial sale of the division, four people with knowledge of the matter told Reuters, in a move that would give the business greater scale. AllianzGI, …
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Title Insurer Settles Kickback Charges With District for $500K

District of Columbia Attorney General Brian L. Schwalb reported that Universal Title will pay $500,000 after an investigation by his office found that the company was engaged in an illegal title insurance kickback scheme. The attorney general’s office said Universal …
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Q3 Net Income Up 18% at The Hartford

Third quarter 2024 net income at The Hartford improved about 18% compared to the same period a year ago despite $247 million in pretax catastrophe losses—$104 million from Hurricane Helene. Net income was $767 million compared to $651 million a …
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Georgia County to Sue BioLab Over Chemical Fire and Toxic Fumes

CONYERS, Ga. (AP) — A Georgia county is preparing a federal lawsuit that aims to shut down the BioLab chemical factory where a fire sent a toxic chemical cloud over Atlanta’s suburbs last month, the latest in a series of …
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