INSURANCE NEWS
Kroger Case Tests FTC Chair’s Bid to Protect Workers
Federal Trade Commission Chair Lina Khan’s initiative to use antitrust laws to protect workers faces a key test starting Monday when the agency will argue the merger between grocery chain Kroger and its rival Albertsons would crush unionized workers’ bargaining …
What Policies Have Worked to Fight Climate Change? Answer: When the Polluter Pays.
To figure out what really works when nations try to fight climate change, researchers looked at 1,500 ways countries have tried to curb heat-trapping gases. Their answer: Not many have done the job. And success often means someone has to …
People Moves: Chaucer Hires Baker From AXA XL to Lead Political Violence Team; EagleView Hires Cooke for Enterprise Growth
Global specialty insurer Chaucer hired Alex Baker as class underwriter within its political violence and crisis management team. Baker will lead the delivery of their growth strategy and portfolio management in the US market. Baker previously worked at AXA XL …
North Carolina Supreme Court Says Speedway Can Sue Over COVID Closure
RALEIGH, N.C. (AP) — A North Carolina racetrack, shuttered briefly for defying state gathering limits during the pandemic, can sue the top health regulator on allegations that Gov. Roy Cooper’s administration violated the constitutional rights of its operators by trying …
Wildfire Risk Harms California Home Values, San Francisco Fed Study Finds
California’s wildfires are weighing on home prices more than in the past, and insurance availability does little to help in areas considered to be at higher risk, according to a Federal Reserve Bank of San Francisco study. “Our results suggest …
Smoke Plume Over Houston Fades After TPC Restores Power
Texas chemical producer TPC Group Inc. has restored normal operations at its facility that spewed thick, black smoke into the Houston sky for almost four hours Monday. The plant, which makes chemicals used to manufacture tires, lost power during a …
Louisiana Insurers Required to Submit Hurricane Season Data by Aug. 30 Deadline
Insurers in Louisiana have until Friday, Aug. 30 to compete a data call relating to property and casualty homeowners’ insurance policies and commercial lines property policies during the 2024 hurricane season. Louisiana Insurance Commissioner Tim Temple issued Directive 224 to …
People Moves: Christensen Group Insurance Appoints Mazzanti to Spearhead Chicago Expansion
Christensen Group Insurance, headquartered in Eden Prairie, Minnesota, appointed Chuck Mazzanti to spearhead its expansion into the Chicago metropolitan area. Mazzanti is a commercial lines producer with over 15 years of industry experience. He most recently served as a construction …
Texas DWC to Hold Brown Bag Series on Dispute Resolution
The Texas Department of Insurance, Division of Workers’ Compensation will hold a Brown Bag Series with stakeholders in the workers’ compensation system this fall, with a half dozen meetings scheduled across the state. The series will focus on dispute resolution …
AM Best Assigns Issue Credit Rating to Church Mutual’s Surplus Notes
AM Best said it has assigned and placed under review with negative implications a Long-Term Issue Credit Rating of bbb+ (Good) to the $40 million, 9.5% surplus notes due 2044 issued by Church Mutual Insurance Company, S.I. Additionally, AM Best …
US Justice Department Accuses RealPage of Driving Up Rents
The U.S. Department of Justice and eight states sued RealPage on Friday, accusing the property management software company of using algorithms to help landlords illegally collude and drive up rents for apartments. The lawsuit filed in North Carolina accuses Dallas, …
Scientists at Iowa Research Facility Race to Halt Spread of Bird Flu
AMES, Iowa (AP) — At first glance, it looks like an unassuming farm. Cows are scattered across fenced-in fields. A milking barn sits in the distance with a tractor parked alongside. But the people who work there are not farmers, …