INSURANCE NEWS
Troubled New York Taxi Insurer Sues 180 Providers in Huge No-Fault Fraud Case
New York’s largest taxi insurer that is facing serious financial and regulatory challenges has filed a lawsuit seeking more than $450 million against medical providers it alleges have been part of a huge fraud scheme that takes advantage of the …
NFP Acquires Salus Group, Expanding Its Employee Benefits Practice
NFP, an Aon company, announced its acquisition of Benefits Partner, LLC dba Salus Group, an independent employee benefits consulting, brokerage and administration firm based in Sterling Heights, Michigan. Michael Brillati, CEO of Salus Group, will join NFP as senior vice …
Massachusetts Charges 12 With Running $2.6 Million High-End Car Theft Ring
Massachusetts law enforcement officials report that 12 individuals identified as stealing 63 high-end vehicles totaling more than $2.6 million have been arraigned. Another individual related to the investigation has an outstanding warrant and has not yet been arrested. The takedown …
PointeNorth Expands in Southeast With Acquisition of Georgia Agency
Atlanta-based PointeNorth Insurance Group, a broker and agency specializing in commercial insurance, including transportation, construction and condominium coverage, has continued its rapid pace of growth with the addition of another Georgia agency. PointeNorth has acquired Caldwell & Langford Insurance in …
US to Require Rear Seat Belt Reminders in Vehicles in 2027
The U.S. Transportation Department said Monday it will require rear seat reminder systems to boost seat belt use starting in late 2027 in all new cars and trucks in an bid to reduce traffic crash deaths and injuries that have …
AI Focal Point of Cybersecurity Outlook for 2025, Says Experian
Artificial intelligence is at the center of Experian’s annual breach forecast due to its enabling capabilities. Michael Bruemmer, vice president of global data breach resolution at information services company, said that while ransomware and breaches affecting the supply chain dominated …
Trucordia Acquires Virginia’s Richard King Agency
Insurance brokerage Trucordia reports that its most recent acquisition is the Richard King Insurance Agency, a family-owned brokerage firm in Powhatan, Virginia. The Richard King Insurance Agency has been offering personal and commercial insurance in the greater Richmond area since …
Deloitte Faces Class Action Lawsuits Over Rhode Island Cyber Breach
Deloitte Consulting has been hit with class action lawsuits over the cyber breach of Rhode Island’s portal for state-administered benefits known as RIBridges. The suits have been brought in Rhode Island and New York federal courts on behalf of individuals …
Meta Settles With Australia’s Privacy Watchdog Over Cambridge Analytica Lawsuit
Meta Platforms has agreed to a A$50 million settlement ($31.85 million), Australia’s privacy watchdog said on Tuesday, closing long-drawn, expensive legal proceedings for the Facebook parent over the Cambridge Analytica scandal. The Office of the Australian Information Commissioner had alleged …
Ex-West Virginia School System Official Charged With Stealing $3.4 Million
CHARLESTON, W.Va. (AP) — A former maintenance director of a southern West Virginia county school system was charged in a scheme to steal about $3.4 million from a local board of education. Michael David Barker appeared in court Wednesday after …
Toyota to Add $922M Paint Facility at Large Kentucky Complex
GEORGETOWN, Ky. (AP) — Toyota plans to build a new paint facility as part of a $922 million investment at its factory complex in Georgetown, Kentucky, making it the second big addition announced this year at the automaker’s largest manufacturing …
Becton Dickinson to Pay $175 Million to Settle SEC Probe
Becton, Dickinson & Co. has agreed to a $175 million fine over Securities and Exchange Commission claims it repeatedly misled investors about one of its most important products. The regulator said Becton Dickinson was aware an infusion pump it manufactured …