INSURANCE NEWS
Donald Trump Sues Iowa Newspaper Over Pre-Election Poll
President-elect Donald Trump sued the Des Moines Register and its pollster for “brazen election interference” in publishing a survey the weekend before the election that showed Democrat Kamala Harris with a surprising lead of three percentage points in the state. …
Can China Shield the Biggest Uninsured Economy From Floods?
The rivers and canals that meander through Hemudu in southeastern China are a vital source of life and community — they provide income for fishermen, an after-school hangout spot for kids, and define the town’s landscape. But when it rains, …
European Central Bank Pitches Plan to Boost Insurance Coverage for Climate Losses
The European Central Bank and the region’s insurance authority proposed a two-pronged approach to increase insurance coverage for floods, storms and other weather disasters that are increasingly being fueled by climate change. One part of the plan is a voluntary …
North Dakota Approves Underground Storage for Proposed CO2 Pipeline
BISMARCK, N.D. (AP) — North Dakota regulators approved permits last Thursday for underground storage of carbon dioxide delivered through a massive pipeline proposed for the Midwest, marking another victory for a project that has drawn fierce opposition from landowners. The …
Arthur J. Gallagher & Co. Acquires Texas-Based DMc Insurance Partners
Arthur J. Gallagher & Co. announced the acquisition of Austin, Texas-based Howe Insurance Group LLC, dba DMc Insurance Partners. Terms of the transaction were not disclosed. DMc Insurance Partners is a personal lines-focused insurance agency serving individuals and small business …
LWCC Acquires North Carolina’s Prescient National
The Louisiana Workers’ Compensation Corporation (LWCC) announced that it will acquire all of the outstanding shares of Prescient National Insurance Company (PNIC) based in Charlotte, North Carolina. The transaction is an all-cash transaction, which has received regulatory approval and is …
CVS Accused of Illegal Opioid Dispensing in Whistleblower Suit
CVS Health Corp. pharmacies illegally dispensed controlled substances including opioids, fueling an overdose crisis as short-staffed stores ignored red flags, the US Department of Justice alleged in a lawsuit unsealed Wednesday. The largest US pharmacy chain deliberately set staffing levels …
Amazon Faces Possible Strikes as Christmas Looms
Pressure is building on Amazon.com to come to the bargaining table with the Teamsters union as thousands of workers threaten to strike during the retailer’s busy holiday selling season. Workers in New York City, southern California and Skokie, Illinois, voted …
Three Dozen High-Rise Buildings in South Florida are Sinking, Study Says
SUNNY ISLES BEACH, Fla. (AP) — Almost three dozen high-rise condos and luxury hotels along the beach in South Florida are sinking or settling in unexpected ways, in some cases because of nearby construction, according to a new study. The …
Red Solo Cup Shooting Case Raises Thorny Questions About Course of Employment
It is safe to say most of us have enjoyed a beverage, adult or otherwise, in a red Solo cup. When we hear “Solo Cup,” many of us think of tailgates, picnics, or perhaps the late Toby Keith’s song “Red …
Highstreet Acquires Texas’ Collum Insurance Group
Highstreet Insurance Partners announced today its acquisition of Collum Insurance Group, LLC based in Richardson, Texas. Along with Collum’s 35 years of personal lines expertise, this transaction adds an additional location to Highstreet’s Gulf Region under Gulf Regional President, Vin …
OSHA Seeks to Fine Contractor $328K Over Alleged Repeat Fall Hazards at 3 Sites
Federal workplace safety officials have again cited a New Jersey construction contractor for allegedly repeatedly violating safety requirements at three North Jersey worksites, exposing employees to falls from elevations. The Occupational Safety and Health Administration said it inspected a RRC …