INSURANCE NEWS
Texas AG Sues Dallas Pediatrician Over Providing Hormone Treatment to Teens
Texas Attorney General Ken Paxton has filed a lawsuit against a Dallas pediatrician, accusing her of violating state law by providing gender-transitioning treatments to at least 21 teenage patients. Thursday’s filing is Paxton’s first attempt at suing a doctor by …
Asheville’s Dirty Water Warns of Climate Risk to Aging US Infrastructure
Hurricanes Helene and Milton devastated swaths of the southeastern US by bringing too much water. Now, communities are struggling with the opposite problem: too little of it. The North Fork Water Treatment Plant supplies most of the drinking water to …
Florida OIR Extends Order, Barring Policy Cancels or Nonrenews Until Dec. 10
Florida’s insurance commissioner this week issued emergency orders, extending some policyholder cancellation protections in the wake of Hurricanes Helene and Milton. The orders, seen here and here, are in line with similar actions taken after hurricanes. The orders: Extend grace …
Sudanese Nationals Accused in ‘Anonymous Sudan’ Cyberattacks
Two Sudanese nationals were indicted by US prosecutors for their alleged participation in a group known as “Anonymous Sudan” that conducted cyberattacks against US government agencies, airports and a major hospital in Los Angeles. The group relied on distributed-denial-of-service attacks, …
Oakbridge Adds Alabama’s Hull & Associates to the Lineup
Oakbridge Insurance Agency is expanding again, this time with the addition of Tuscaloosa, Alabama-based Hull & Associates, an agency that has specialized in finding coverage for student housing in and around the home of the University of Alabama. Richard Hull …
J&J Talc Settlement Holdouts Accuse Company of Buying Votes
People who voted to settle their baby power-related health claims against Johnson & Johnson should have their ballots thrown out because the consumer products giant rigged the tally, according to lawyers for holdout claimants. The company organized a vote of …
3 Workers Dead, 4 Hurt in Collapse of Bridge Being Demolished in Mississippi
MENDENHALL, Miss. (AP) — Three people were killed and four were seriously injured Wednesday when a bridge in Mississippi that was closed nearly a month ago collapsed while a work crew was prepping it for demolition, authorities said. The bridge …
Big Tobacco Firms Near Deal to Settle Canada Smoking Risk Cases
Three of the world’s biggest tobacco companies are near a possible deal to resolve longstanding claims in Canada that they held back information about the health risks of cigarettes. Under the proposal from a court-appointed mediator, Canadian subsidiaries of Philip …
Tesla ‘Full Self-Driving’ Faces Defect Probe After Fatality
The US opened a federal investigation into whether Tesla Inc.’s partial-automation system marketed as Full Self-Driving is defective after a series of crashes, one of which resulted in a fatality. The National Highway Traffic Safety Administration said Friday it will …
Four Charged In $10 Million No-Fault Insurance Fraud Scheme
Four men have been charged with defrauding New York auto insurers by allegedly submitting more than $10 million in fraudulent claims for psychological services —and then laundering the proceeds of that fraud through a network of illicit check cashers. Damian …
Tokio Marine Pauses Sale of $1B Southeast Asia Life Insurance Business, Sources Say
Japanese insurer Tokio Marine has paused the sale of its $1 billion Southeast Asia life insurance business, partly due to a dispute with a Malaysian partner over an expiring products distribution agreement, four sources with knowledge of the matter said. …
People Moves: AXA XL Re Taps Swiss Re’s Schiffer as CEO, N. America, Reinsurance; Specialist Risk Group Names Marsh McLennan’s Yap as CEO of APAC
This edition of International People Moves details appointments at AXA XL Reinsurance and Specialist Risk Group. A summary of these new hires follows here. AXA XL Re Taps Swiss Re’s Schiffer as CEO, North America, Reinsurance AXA XL Reinsurance announced …