INSURANCE NEWS
Dellwood Insurance Files to Dismiss Case Brought by AIG
Dellwood Insurance Group has filed to dismiss a lawsuit filed against it by American International Group, who it says is using the court system “as a cudgel to crush a fledgling startup.” According to the motion filed last week in …
People Moves: Wyrick Joins Powers Insurance & Risk Management; Western National Adds Archulaeta and Jenson to Leadership Team
Wyrick Joins Powers Insurance & Risk Management Powers Insurance & Risk Management, headquartered in St. Louis, hired Kelsey Wyrick as a personal lines account manager. Wyrick’s responsibilities include managing personal lines accounts, retaining new and renewal clients, and promoting new …
Floodwaters Inundate Midwest, Where Flood Insurance is Rarely In Force
Floodwaters damaged hundreds of properties this week across parts of Nebraska, Iowa, Minnesota and South Dakota as the Midwest recovers from days of intense rainfall. Three days of torrential downpours resulted in as much as 18 inches of rainfall in …
People Moves: QBE Promotes Europe Product Managers for Cyber and Mgmt. Liability/Financial Institutions; Stoop Named Managing Director of DUAL Benelux
This edition of International People Moves details appointments at QBE and Howden’s managing general agency, DUAL Benelux. A summary of these new hires follows here. QBE Promotes Product Mgrs for Cyber and Mgmt. Liability/Financial Institutions QBE European Operations has appointed …
Former Maryland State Employee Indicted in Theft, Insurance Fraud Cases
Maryland Attorney General Anthony G. Brown announced the indictment of a former state employee in two separate cases involving theft and insurance fraud. Shanell Angelia West, of Essex, was allegedly involved in a theft scheme while working at the Maryland …
NTSB Says Norfolk Southern Threatened Agency During Derailment Probe
The chair of the National Transportation Safety Board said Norfolk Southern threatened the board, sought to manufacture evidence and failed to provide documents during its investigation of a 2023 Ohio derailment. NTSB Chair Jennifer Homendy said in extraordinary remarks the …
Minnesota Dam Risks Failure During Wave of Intense US Weather
A dam holding back swollen flood waters in Minnesota was at risk of failure Monday as intense weather buffeted much of the US. The Blue Earth River has cut around the west side of the Rapidan Dam, local officials warned …
Insurance Costs Contributing to Texas Housing Affordability Crisis
More Texas homeowners and renters than ever are struggling with high housing costs — and the state’s high home prices have potentially put the dream of owning a home out-of-reach for a growing number of families. That’s according to a …
Arkansas Sues Pharmacy Benefit Managers Over Alleged Role in Fueling Opioid Crisis
LITTLE ROCK, Ark. (AP) — Arkansas on Monday sued two pharmacy benefit managers that oversee coverage for insurers, employers and other large clients, accusing them of fueling the opioid crisis in the state. Attorney General Tim Griffin filed the lawsuit …
Containment Grows on Wildfire Near Site of Most Destructive Blaze in California History
Residents of a California are near the town of Paradise, the site of the state’s most destructive wildfire in history, were ordered to evacuate and roads were closed this week as a wildfire spread. The Apache Fire in Palermo, which …
Ozempic Maker Novo Plans Another $4.1 Billion US Factory
Novo Nordisk A/S plans to invest $4.1 billion in another US factory, plowing more money into its biggest market amid rising discontent over the cost of its obesity and diabetes drugs. The project in Clayton, North Carolina, will double the …
Florida Family Files Tort Action Against NASA After Space Debris Damaged Home
A family in Naples, Florida, has filed suit against NASA, contending that debris from the International Space Station damaged their home and mental well-being when it crashed through the roof in March. The claim, filed under provisions of the Federal …