Insurance Journal
If an insurer or licensed insurance agent uses unfair or deceptive business practices to sell to their clients not only is it unethical but it’s also against the law. When individuals or insurance businesses profit unfairly off of their clients...
Posted: May 17, 2023
An attorney with one of Florida’s largest insurance defense firms must pay more than $100,000 in sanctions after deliberately trying to sabotage a medical malpractice suit in order to win a mistrial, a Florida appeals court has decided. The 6th...
Posted: May 17, 2023
One of Wisconsin’s largest dairy operations has reached a settlement with state environmental regulators to that calls for the company to eventually stop spreading liquid manure in exchange for avoiding groundwater monitoring requirements. The...
Posted: May 17, 2023
California Insurance Commissioner Ricardo Lara and California Labor Commissioner Lilia Garcia-Brower on Monday announced the resolution of criminal charges filed against Golden Food Inc in a plea agreement in which the company admitted to a litany of...
Posted: May 17, 2023
An Ohio man who was the first person with Down syndrome to play and score a point in a college football game is now suing the school, its president and several staffers. Caden Cox alleges he was the target of …
Posted: May 17, 2023
The city of Seattle will pay $2.3 million to settle a lawsuit brought by employees who helped reveal that thousands of then-Mayor Jenny Durkan’s text messages had been deleted in 2020 amid protests over George Floyd’s death at the hands &...
Posted: May 17, 2023
Arthur J. Gallagher & Co. subsidiary Risk Placement Services Inc. acquired Houston, Texas-based RHP General Agency Inc. Greg Vanek and his team will remain in their current location under the direction of Russell Duffey, head of RPS’ progra...
Posted: May 17, 2023
An Illinois bill allowing punitive damages in wrongful death cases will increase already high litigation costs, the American Property Casualty Insurance Association and the Illinois Insurance Association say. The groups issued the following statement...
Posted: May 16, 2023
Washington Insurance Commissioner Mike Kreidler fined Airbnb $20,000 for acting as an unauthorized insurer in the state. Kreidler also ordered the vacation rental company to obtain a surplus lines insurance policy to continue offering its Host Damage...
Posted: May 16, 2023
A federal jury has found a Sarasota insurance agent and financial consultant guilty of defrauding elderly Floridians out of $6 million, money that the victims believed was going to fund a life insurance startup known as FastLife. Phillip Roy Wasserma...
Posted: May 16, 2023
A federal jury has found a Sarasota insurance agent and financial consultant guilty of defrauding elderly Floridians out of $6 million, money that the victims believed was going to fund a life insurance startup known as FastLife. Phillip Roy Wasserma...
Posted: May 16, 2023
SageSure became a “unicorn” after the U.S. property insurer raised $250 million in its latest funding round, a source familiar with the matter told Reuters. A unicorn is a startup that is valued at or above $1 billion. SageSure’s la...
Posted: May 16, 2023
Outdated technology, poor software maintenance, and the dreaded clicking of a malicious link were most to blame for cyber insurance claims experienced by policyholders in 2022, according to a new report from Coalition. “Threat actors are foreve...
Posted: May 16, 2023
In 1Q 2023, 382 agencies partnered with the fastest growing insurance network. GREENSBORO, NC., May 16, 2023 — Smart Choice® has signed a record number of independent insurance agencies in the first quarter of 2023 with 382 agencies partnering with &...
Posted: May 16, 2023
A worker died after being injured at an Amazon warehouse in Fort Wayne in an incident that closed the facility for the rest of the day, authorities said. Emergency medical crews were called to an Amazon Fulfillment Center about noon …
Posted: May 16, 2023
An SUV slammed into a bridge pier along an interstate highway in Detroit, throwing four young men from the vehicle and killing them, state police said. The GMC Yukon was going fast when it hit the pier around 8 p.m. …
Posted: May 16, 2023
Authorities were assessing the damage after a sinkhole developed on a New Mexico bridge, resulting in the rescue of two pedestrians. Los Lunas police said the city’s Main Street bridge over the Rio Grande remained closed due to the sinkhole ...
Posted: May 16, 2023
Wells Fargo & Co. agreed to pay $1 billion to settle a shareholder lawsuit that accused it of making misleading statements about its compliance with federal consent orders following the 2016 scandal involving the opening of unauthorized customer...
Posted: May 16, 2023
Dutch medical devices maker Philips said on Tuesday that independent tests have shown that the use of its respiratory devices involved in a major global recall did not cause health risks for patients. Philips said “rigorous testing” by ex...
Posted: May 16, 2023
The Philadelphia Inquirer experienced the most significant disruption to its operations in 27 years due to what the newspaper calls a cyberattack. The company was working to restore print operations after a cyber incursion that prevented the printing...
Posted: May 16, 2023
An owner of Broadway theaters and Pacific Indemnity Insurance Co. have voluntarily agreed to end their remaining litigation over COVID-19 coverage claims. Under the stipulation filed May 11, each party will bear its own attorneys’ fees and othe...
Posted: May 16, 2023
The U.S. Environmental Protection Agency (EPA) recently announced a settlement with Evonik Corporation that will reduce emissions of ethylene oxide and other hazardous air pollutants by 5.6 tons per year from a facility in Reserve, St. John the Bapti...
Posted: May 16, 2023
Massachusetts Attorney General Andrea Joy Campbell’s office reports it has reached a $6.15 million settlement with CVS Pharmacy, Inc. to resolve allegations of overcharging for prescriptions for workers’ compensation patients. Officials a...
Posted: May 16, 2023
Massachusetts Attorney General Andrea Joy Campbell’s office reports it has reached a $6.15 million settlement with CVS Pharmacy, Inc. to resolve allegations of overcharging for prescriptions for workers’ compensation patients. Officials a...
Posted: May 16, 2023
Howden, the global insurance group, announces today that it will unify its structure under a single global executive, with insurance broking, reinsurance broking and underwriting reporting directly to CEO David Howden. The restructure will be effecti...
Posted: May 16, 2023