INSURANCE NEWS
Businesses Sue State Over New California Workplace Law
California businesses are suing to halt a new state law that bars them from requiring employees to attend anti-union meetings at work. The state’s Chamber of Commerce and California Restaurant Association filed the suit in federal court on New Year’s …
DC Facing String of High-Stakes Security Events Capped by Trump Inauguration
The last time a president was inaugurated, there was a global pandemic and a violent siege at the very spot at the U.S. Capitol where the ceremony takes place. This time, the event was part of an unprecedented string of …
Hub Acquires Woods Insurance Services in New Mexico
Hub International Ltd. has acquired the assets of Woods Insurance Services Inc. in Farmington, New Mexico. Lyle Love, owner and president, and the Woods Insurance Services team, will join Hub Southwest. Woods Insurance Services will be referred to as Woods …
Andrade Leaves Everest Group to Become USAA President and CEO
Juan C. Andrade is USAA’s new president and chief executive officer, said the insurance provider to millions of active military, veterans, and their families. Andrade will assume the role on April 2 and take over for Wayne Peacock, who announced …
Bowie Promoted to CEO of MGU Private Client Select Insurance
Managing general underwriter Private Client Select Insurance Services, majority owned by Stone Point Capital and American International Group (AIG), said Ross Bowie has been appointed chief executive officer, effective immediately. Bowie joined Private Client Select in February 2024 as president …
California Wildfires Will Likely Lead to Large Economic and Insured Losses
Active wind-driven wildfires in Southern California that are estimated to have burned more than 1,000 properties and prompted evacuation orders for more than 80,000 residents will likely lead to what industry watchers say will be sizable insured losses. With the …
Clearcover Expands Non-Standard Auto Coverage to Texas
Digital car insurer Clearcover announced the launch of Clearcover General Agency to serve the non-standard auto insurance market in Texas. Policies will be underwritten by Old American County Mutual Fire Insurance Company, bringing Clearcover’s digital-first insurance solutions to more drivers. …
Berkshire Shareholder Seeks Committee to Oversee AI at Buffett’s Company
A Berkshire Hathaway shareholder wants a committee of independent directors to oversee risks associated with artificial intelligence at the dozens of companies in Warren Buffett’s conglomerate. Tulipshare, an activist investor group based in London, said on Tuesday it submitted a …
Tibet Earthquake Kills at Least 126 People, Leaves Many Trapped
A strong earthquake shook a high-altitude region of western China and areas of Nepal on Tuesday, damaging hundreds of houses, littering streets with rubble and killing at least 126 people in Tibet. Many others were trapped as dozens of aftershocks …
People Moves: The Piexus Group Names Fawcett as President
The Plexus Groupe, a national commercial insurance brokerage and consulting firm, announced the appointment of Gerald Fawcett as President. Fawcett joined Plexus in February 2020 to lead the Industry and Specialty Practices. He was involved in vetting technology solutions and …
DOJ: Oklahoma City Police Discriminate Against People With Behavioral Disabilities
Oklahoma City and its police department have discriminated against people with behavioral health disabilities, the U.S. Department of Justice said last week after releasing the latest in a series of investigations into state and local law enforcement agencies. In its …
Settlements Eclipse $40 Billion in 2024 as PFAS, Reverse Discrimination Claims Emerge
Once again, settlements from class-action litigation topped $40 billion in 2024, according to an extensive analysis of more than 1,400 cases by law firm Duane Morris. Gerald L. Maatman, partner at the firm and co-author of its 650-page report, said …