INSURANCE NEWS
Georgia Republicans Move to Scrap State Income Tax by 2032 Despite Concerns
Eliminating state income taxes sounds great to many voters, but Republicans backing the push in multiple states still face questions about whether such big tax cuts can be made without raising other taxes or sharply cutting state funding for education, …
SC Lab and CEO to Repay $6.8M in Kickback Scheme Exposed by Whistleblower
A South Carolina medical testing laboratory and its CEO have agreed to repay more than $6 million for allegedly paying kickbacks to doctors in return for boosting lab testing referrals. The settlement resulted from a civil lawsuit brought by a …
Rideshare Drivers Protest Robotaxis as California Considers More Regulations
Drivers for Lyft and Uber protested self-driving Waymo taxis in San Francisco on Friday, urging state regulators to exercise greater oversight of autonomous vehicles, given recent events in which the cars killed pets and blocked traffic. About two dozen drivers …
South Carolina Measles Outbreak Grows, Spreads to NC and Ohio
South Carolina’s measles outbreak exploded into one of the worst in the U.S., with state health officials confirming 99 new cases in three days last week. The outbreak centered in Spartanburg County grew to 310 cases over the holidays, and …
Delaware Reports Avian Flu in a Commercial Poultry Flock
Delaware officials announced Sunday that preliminary testing of a commercial broiler flock in Kent County has returned presumptive positive for avian influenza. The Delaware Department of Agriculture said it quarantined the affected premises, and the birds on the property are …
North Carolina May Lose $50M in Federal Funds Over Immigrant Trucker Licenses
North Carolina could lose nearly $50 million in federal funding if the state doesn’t revoke commercial driver’s licenses from immigrants who aren’t qualified to hold them after an audit uncovered problems, the U.S. Transportation Department said Thursday. North Carolina is …
Markets/Coverages: Brit Launches Property Direct & Facultative in Bermuda
Brit Group Holdings Ltd. announced it will begin writing property direct & facultative business in Bermuda through Brit Re. This will see Brit Re write US and Global Property D&F from January, with a focus on US-based complex risks. Core …
Fed Served With DOJ Subpoenas; Powell Vows to Stand Firm
Federal Reserve Chair Jerome Powell said the US central bank had been served grand jury subpoenas from the Justice Department threatening a criminal indictment, a dramatic escalation of the Trump administration’s attacks on the institution. In a forceful written and …
US Seizes Fifth Vessel Taken in Venezuela Blockade
The U.S. has seized the Olina tanker in the Caribbean, the fifth vessel targeted in recent weeks as Washington steps up efforts to curb Venezuelan oil exports, U.S. officials said on Friday. The Olina, which according to public shipping database …
Finnish Police Release Russia-Linked Ship Held in Cable Sabotage Case
Finnish police said on Monday they had lifted the seizure of a ship which had been held on suspicion of sabotaging an undersea telecoms cable running from Helsinki to Estonia across the Gulf of Finland, although the investigation continues. The …
Indian Insurer’s Worker Posts Draft Earnings in WhatsApp Status
ICICI Lombard General Insurance Co., a unit of India’s second-largest private lender, said an employee uploaded undisclosed information about third quarter earnings as a personal WhatsApp status, days ahead of the planned release. The worker, who broadcast the information after …
One Dead in Australian Wildfires That May Burn for Weeks to Come
One person has died in wildfires in the Australian state of Victoria that have burned out an area slightly larger than Rhode Island. A body was found about 100 meters from a vehicle near the fire-affected town of Gobur, about …