INSURANCE NEWS
Paramount to Face Legal Challenge From States on Warner Deal
The top lawyers for several states are drafting a legal challenge to Paramount Skydance Corp.’s $110 billion deal to buy Warner Bros. Discovery Inc., laying the groundwork for an antitrust suit over the Hollywood mega-deal. After investigating for months whether …
Atlanta-Area Insurance Agent Charged With Taking Premiums, Giving Fake COIs
A longtime Atlanta-area insurance agent has been indicted and arrested after allegedly keeping premium payments and issuing fake certificates of insurance. Charles Curtis Poteet IV, of Duluth, Georgia, was indicted in late May by a Gwinnett County grand jury, and …
California Mortgage Servicer Settles for $4.6M Over Pandemic Foreclosure Violations
A California mortgage servicer is paying $4.6 million to settle allegations it violated mortgage servicing and debt collection laws during the pandemic. The settlement between Select Portfolio Servicing, a large sub-prime mortgage servicer, and California Attorney General Rob Bonta, includes …
Texas Children’s Hospital to Pay $10M as Part of Detransition Settlement
Texas Children’s Hospital in Houston has to create a detransition clinic for transgender patients later this year and keep a list of “potential” gender affirming care patients, according to new details released Monday by the Texas Attorney General’s Office. According …
Tech Update: WTW Launches Transformation Solution to Focus AI Implementation
Insurance broker WTW announced the launch of its AI Workforce Transformation solution which helps companies focus AI where it is expected to deliver productivity and growth gains through redesigned work, jobs and strong employee adoption. Addressing the imperative facing CEOs …
Ohio State Approves $100M Settlement to Former Athletes in Sexual Abuse Case
Ohio State University agreed Wednesday to pay approximately $100 million to settle legal claims from hundreds of former student athletes who said they were sexually abused decades ago by a doctor at the university. The school has fought lawsuits in …
Iowa’s Water Pollution Threatens Recreational Activities and Public Health
Hannah Ray J Childs propelled her kayak into a rapid on Iowa’s Maquoketa River on a recent afternoon and dipped her paddle in the water to swing the front of her boat into the air. She loves to spend her …
People Moves: Aon Promotes Navas as Chief Claims Officer for EMEA; Canopius Taps Hiscox’s Parry as Group Chief Claims Officer
This edition of International People Moves details claims appointments at Aon and Canopius. A summary of these new hires follows here. Aon Promotes Navas as Chief Claims Officer for EMEA Insurance broker Aon plc has appointed José María Navas as …
Artist Suing FIFA Over Destruction of Dallas Whale Mural
The artist who painted a giant mural on a building in downtown Dallas of life-sized swimming whales has filed a $25 million lawsuit against soccer’s international governing body and others, saying they illegally painted over his work to promote the …
Markets/Coverages: Fidelis Partnership Forms PVT Consortium for Rising Capacity Needs
Markets/Coverages: Fidelis Partnership Forms PVT Consortium for Rising Capacity Demand The Fidelis Partnership (TFP), the Bermuda-based managing general agent, announced the launch of the TFP PVT Consortium, which brings together leading Lloyd’s syndicates to deploy meaningful new capacity into the …
US Races to Contain Deadly Screwworm Threat to Cattle Supply
The US Department of Agriculture is racing to contain the deadly New World screwworm after a case was detected in Texas, where a broader outbreak could threaten an already-small domestic cattle herd. The flesh-eating parasite was confirmed on Wednesday in …
Shepherd Corrals Another SW Florida Agency—Responsive Insurance in Naples
Shepherd Insurance has continued its expansion in southwest Florida, this time with the acquisition of Responsive Insurance, an agency with offices in Estero and Naples, the company said this week. Matt Nance, owner of Responsive, and his team will stay …