INSURANCE NEWS
BMW Recalling Mini Cooper SE Electric Models
German automaker BMW is recalling electric Mini Cooper SE vehicles due to problems in their batteries, which could potentially affect more than 140,000 autos worldwide, a company spokesperson told Reuters on Monday. Around 39,000 vehicles could be affected in Germany, …
New York Regulator Orders Taxi Insurer to Weigh Sale After Losses
New York’s insurance regulator issued a damning report laying out the severely flawed financial condition of New York’s largest insurer of taxis and for-hire vehicles, as well as dozens of potential financial improprieties and accounting problems, warning that the consequences …
Indiana Steel Mill to Pay $248K Over Clean Air Act Violations
The U.S. Environmental Protection Agency announced a settlement with Cleveland Cliffs Burns Harbor LLC in Burns Harbor, Indiana, for alleged Clean Air Act violations that occurred while the facility was operating as ArcelorMittal Burns Harbor LLC. Under the terms of …
People Moves: Stephens Insurance Adds Scott Miller to Arkansas Office
Stephens Insurance, LLC, an affiliate of Stephens Inc., announced Scott Miller will join the firm as a senior vice president within the Property & Casualty practice. He brings more than 25 years of experience in the insurance industry, serving clients …
Texas Faces Need for Hundreds of Thousands of Homes to Address Housing Shortage
If Texas wants to rein in its high housing costs, it needs more homes, Texas Comptroller Glenn Hegar’s office said Tuesday — the latest sign that the state’s high home prices and rents have become a growing concern for the …
Bishop Street Underwriters Acquires Michigan’s Conifer
Bishop Street Underwriters, a multi-boutique insurance platform owned by RedBird Capital Partners, announced it has acquired Conifer Insurance Services a specialty commercial managing general agency from Conifer Holdings, Inc. The acquisition of Conifer marks Bishop Street’s entry into commercial lines, …
Final Deadline: Submit Now for ‘Best Agency to Work For’ Awards
The extended deadline to nominate your agency as a ‘Best Agency’ is Monday so don’t miss out – nominate your agency today for Insurance Journal’s “Best Agency to Work For” awards. To nominate your agency, you must be a current …
EPIC Insurance Inks Deal to Provide Risk Management for Miami Dolphins, Stadium
EPIC Insurance Brokers & Consultants, headquartered in San Francisco, is now the official provider of risk management services for the Miami Dolphins football team and Hard Rock Stadium. The deal, announced Thursday, will not put the EPIC patch on Dolphins’ …
Gulf of Mexico Oil Drilling Under Threat From Government Impasse
A fight over Gulf of Mexico oil production is looming in Washington as US regulators race to redo guidance on how to protect endangered species ahead of a deadline that could ultimately threaten about 15% of the nation’s crude output. …
Oregon Hospital Sued for $303M; Nurse Accused of Replacing Fentanyl With Tap Water
Attorneys representing both living and deceased patients of an Oregon hospital filed a $303 million lawsuit against the facility after a nurse was accused of replacing prescribed fentanyl with nonsterile tap water in intravenous drips. The wrongful death and medical …
Four Killed in Georgia High School Shooting; Suspect in Custody
Four people were killed and nine others injured after a teen gunman opened fire at a high school in Winder, Georgia, an old railroad town northeast of Atlanta. The identities of the victims haven’t been released, but police said they …
People Killed in Mississippi Bus Crash Were From Mexico
BOVINA, Miss. (AP) — The seven people killed in a weekend bus crash in Mississippi were all from Mexico, the Mississippi Highway Patrol said Tuesday as it released their names and ages. The department said those killed Saturday were Miguel …