INSURANCE NEWS
Ex-Citi Banker Says She Was Fired for Rrefusing to Give False Data to Regulator
A former managing director at Citigroup sued the bank and its chief operating officer on Wednesday, alleging she was fired for opposing what she said were attempts to give regulators false information. Kathleen Martin, a former managing director Citi hired …
EPA Says Water Utilities Need to Do More to Stop More Frequent Cyberattacks
Cyberattacks against water utilities across the country are becoming more frequent and more severe, the Environmental Protection Agency warned Monday as it issued an enforcement alert urging water systems to take immediate actions to protect the nation’s drinking water. About …
Florida Agents Will Soon Need Three Appointments Before Selling Citizens
Starting July 1, Florida insurance agents must have at least three appointments with authorized carriers before they can sell policies for the state-created Citizens Property Insurance Corp. That’s the mandate laid down by Florida House Bill 1503, signed into law …
Bristol Myers, Sanofi Liability in Hawaii Plavix Case Grows to $916 Million
A judge in Hawaii on Tuesday ordered Bristol Myers Squibb and Sanofi to pay more than $916 million to the state for failing to warn non-white patients of health risks from its blood thinner Plavix, up from an earlier judgment …
Missouri Senators to Pay Potential Damages in Chiefs Rally Shooting Defamation Case
COLUMBIA, Mo. (AP) — Missouri lawmakers will have to pay out of their own pockets if they lose defamation cases filed against them for falsely accusing a Kansas man of being one of the Kansas City Chiefs parade shooters and …
People Moves: BenefitMall Appoints Wong Benefits Sales Executive for Texas
BenefitMall, headquartered in Dallas, hired Trent Wong as a benefits sales executive for Texas. Before joining BenefitMall, Wong was a senior account manager at Energy Insurance Agency and a small group sales representative, specialty, with Humana.
TWIA Prepares Biennial Report for Texas Legislature; Assoc. Sees Limited Claims From Houston Storm
The Texas Windstorm Insurance Association Board’s Legislative & External Affairs Committee met on May 21 to plan the association’s Biennial Report to the Texas Legislature. TWIA submits a biennial report to the Texas Legislature, the Insurance Commissioner, and the Sunset …
Inszone Acquires Illinois’ ISU Coverall
Inszone Insurance Services announced the acquisition of ISU Coverall Insurance Group, a prominent full-service insurance broker serving the Chicago area. Founded in 2013 by Casey Brennan, ISU Coverall has carved out a niche for itself by offering insurance services that …
New Talc-Related Class Action Lawsuit Goes After J&J for Fraudulent Conveyance
With recent news that Johnson & Johnson is going forward with a third bankruptcy plan of a subsidiary to settle tens of thousand of lawsuits that it’s talc products cause cancer, a class-action lawsuit was filed today alleging the company’s …
Containment on Arizona Wind-Driven Wildfire Grows
Roughly 200 firefighters continued to battle a wildfire in Arizona that quickly grew to more than 14,000 acres. Firefighters have kept the Wildcat Fire size from growing over the past day, but extremely low humidity, warm temperatures and gusty afternoon …
People Moves: RT Specialty Promotes 6 in New Jersey Environmental/Construction Team
RT Specialty, headquartered in Chicago, made several promotions in its Hamilton, New Jersey office, part of the RT Specialty Environmental and Construction Professional Practice (RT ECP). Daniel Wilhelm was promoted to account executive. He joined the company in 2018 as …
California Mushroom Farms That Were Sites of Fatal Shootings Fined $450K
The owners of two Northern California mushroom farms where a farmworker killed seven people in back-to-back shootings last year will pay more than $450,000 in back wages and damages to 62 workers, the Labor Department announced. The owners of California …