INSURANCE NEWS
J.D. Power: Auto Insurance Shopping Hits New High, Could Drop With Rate Adequacy
The national auto insurance shopping and quoting rate reached a new high between April and June, but many insurers appear to have achieved or are approaching rate adequacy, “which should lead to less rate activity and perhaps less shopping in …
Hackers Leak Documents From Pentagon IT Services Provider Leidos
Hackers have leaked internal documents stolen from Leidos Holdings Inc., one of the largest IT services providers to the US government, according to a person familiar with the matter. Leidos recently learned of the issue and believes the documents were …
US Judge Will Not Block FTC Ban on Worker ‘Noncompete’ Agreements
A federal judge on Tuesday rejected a bid by a tree-trimming company to block a U.S. Federal Trade Commission rule from taking effect that would ban agreements commonly signed by workers not to join their employers’ rivals or launch competing …
Morgan & Morgan Vows to Fight Proposed Class Action on ‘Botched’ Injury Claims
Morgan & Morgan calls itself the nation’s largest injury law firm, with offices in most states. But perhaps the Orlando-founded firm has grown too big, too quickly, suggests a proposed class-action lawsuit that claims the firm has botched hundreds of …
Chubb Q2 Net Income Up 24% to $2.2B
Chubb said second quarter net income was up more than 24% to about $2.2 billion despite higher catastrophe losses than a year ago. Catastrophe losses for the second quarter were $580 million, pretax, compared to $400 million last year during …
How California’s Homeowners Insurance Crisis is Affecting Brokers
A growing homeowners insurance crisis for Californians is straining brokers who must work harder to get increasingly expensive and more frequently unavailable coverage for their clients, a crisis many of them blame on regulations and wildfires. Wildfires have made the …
People Moves: AXA’s Rodriguez Forero Named CEO of Newly Formed DUAL Latam
DUAL Group announced the appointment of Marilena Rodriguez Forero as CEO for the newly established region, DUAL Latin America, effective Aug. 1, 2024. Rodriguez Forero will be a member of DUAL’s Group Executive Committee, reporting to Richard Clapham, CEO, DUAL …
Property Code Enforcement a Sore Spot in Some South Dakota Communities
FAITH, S.D. (AP) — A few months ago, the city council in this ranching town in remote northwestern South Dakota decided to join dozens of other communities across the state and hire an outside contractor to enforce property codes. But …
Truck Driver Charged in Ohio Interstate Crash That Left 6 People Dead
A truck driver in Ohio has been charged with aggravated vehicular homicide in a chain-reaction crash involving a charter bus filled with high school students that left six people dead and 18 injured. The crash on Interstate 70 last November …
Jacksonville Jags Sue Financial Employee Convicted of Stealing $22M From Team
JACKSONVILLE, Fla. (AP) — The Jacksonville Jaguars have filed a lawsuit against a former employee who is serving prison time after pleading guilty to stealing $22 million from the NFL team’s virtual credit card program. The lawsuit, filed Thursday in …
After Crash That Killed 6 Teens, NTSB Says People Underestimate Marijuana’s Impact on Drivers
A horrific crash that killed six high school girls in Oklahoma two years ago has the head of the U.S. National Transportation Safety Board urging parents to warn teenagers about the risk of driving after using marijuana. Chairwoman Jennifer Homendy …
Louisiana Marine Electronic Services Provider Sued for Sexual Harassment
X-Treme Tech Services, LLC, a Thibodaux, Louisiana-based business which provides marine electronic services, violated federal law when a supervisor repeatedly sexually harassed a female employee and then fired her after she resisted his advances, the U.S. Equal Employment Opportunity Commission …