INSURANCE NEWS
Over 1,300 North Dakotans Targeted in Deceptive Insurance Solicitation Scheme
North Dakota Insurance Commissioner Jon Godfread has issued a cease-and-desist order against three companies for distributing deceptive materials to North Dakota consumers. The documents sent replicated an Internal Revenue Service (IRS) tax form requesting recipients to provide personal information. The …
People Moves: Ayers Joins Risk Services–Leavitt Insurance Agencies
Kim Ayers joined Risk Services – Leavitt Insurance Agencies, headquartered in Shreveport, Louisiana, as a commercial insurance agent. Ayers has worked in insurance for Leavitt Group since 2016, previously serving as a producer with Leavitt Recreation and Hospitality Services, Inc. …
Federal Appellate Panel Sends Michigan Pipeline Challenge to State Court
Michigan Attorney General Dana Nessel’s lawsuit seeking to shut down part of a petroleum pipeline that runs beneath the Straits of Mackinac belongs in state court, a federal appellate panel ruled Monday. The pipeline’s operator, Enbridge Inc., moved the case …
Federal Officials Update Investigation Into July 2023 Louisiana Plant Explosion
The U.S. Chemical Safety and Hazard Investigation Board (CSB) announced an update on its investigation into a July 2023 explosion at the Dow Louisiana Operations’ Glycol II plant in Plaquemine, Louisiana, that resulted in the release of over 31,000 pounds …
Supreme Court Backs Starbucks Over Fired Pro-Union Workers
The U.S. Supreme Court sided with Starbucks in the coffee chain’s challenge to a judicial order to rehire seven Memphis employees fired as they sought to unionize in a ruling that could make it harder for courts to quickly halt …
Florida Citizens Board Votes to Raise Rates 14% But Litigation Costs Dropping
The board of governors for Florida’s state-created Citizens Property Insurance Corp. voted unanimously Wednesday to raise personal lines rates by an average of 14% statewide – near the maximum allowed under the insurer’s glide path – starting next year. The …
Philip Morris Halts Zyn’s Online Sales in US After Subpoena
Philip Morris International Inc. stopped online sales of its popular nicotine pouch brand Zyn in the US after receiving a subpoena in the District of Columbia related to flavored products that are banned there. Philip Morris said its preliminary investigation …
QBE to Non-Renew $500M of North American Mid-Market Biz
QBE announced that it will start shutting down the middle-market segment in North America to focus on North American businesses where it has more meaningful market position, relevance and scale. Three core businesses remain—Specialty, Crop and Commercial—and the actions on …
Historic U.S. Ship in Philadelphia in Search of New Home After Rent Dispute
The SS United States, a historic ship that still holds the transatlantic speed record it set more than 70 years ago, must leave its berth on the Delaware River in Philadelphia by Sept. 12, a federal judge says. The decision …
R&Q to File for Liquidation in Bermuda, but Sale of Accredited Will Proceed
R&Q Insurance Holdings Ltd. announced it will file for a provisional liquidation in Bermuda – after it had it had exhausted strategic alternatives for a financial rescue. At the same time, R&Q said the proposed sale of 100% of its …
Atlanta Businesses Hit by Water Problems Eligible for $7.5M in Assistance
The Atlanta City Council voted to provide up to $7.5 million for small businesses that were affected by water outages due to a water main break near downtown late last month. Georgia Public Broadcasting, the Atlanta Journal-Constitution and other news …
Hackers Demand as Much as $5 Million From Snowflake Clients
Cybercriminals are demanding payments of between $300,000 and $5 million apiece from as many as 10 companies breached in a campaign that targeted Snowflake Inc. customers, according to a security firm helping with the investigation. The hacking scheme has entered …