Markets/Coverages: Legal & Contingency Launches EV Charging Site Insurance for England and Wales
Legal & Contingency Ltd. (L&C), the London-based MGA that specializes in underwriting legal indemnities and title risks, announced the launch of an insurance policy which will cover the installation of electric vehicle charging points in England and Wales. The “Electric …
People Moves: Alabama, NC DOIs Name Two to Key Positions
Two state insurance departments have named new people to high-level positions. North Carolina Insurance Commissioner Mike Causey this week announced that Amy Funderburk, a longtime attorney for a number of state government agencies and a credit union, will take over …
Florida Senate Panel Advances Bill Making it a Felony to Expose Responders to Fentanyl
A Florida Senate committee on Tuesday approved an amended bill that could potentially reduce workers’ compensation costs for first responders in the state, people who are at increasing risk of exposure to accidental fentanyl overdoses. Senate Bill 718, by Sen. …
Boston Property Manager Sued For Revoking Job Offer for Woman With Breast Cancer
The Equal Employment Opportunity Commission (EEOC) is suing a Boston property management firm for allegedly violating federal law by failing to provide a reasonable accommodation to a new hire with a disability and subsequently withdrawing her job offer,. The lawsuit …
Forecast: Blizzard Conditions Could Bury California Mountain Towns in Feet of Snow
Snow was expected to pick up across portions of Oregon, Northern California and northwestern Nevada by Wednesday night, according to AccuWeather meteorologists, who are forecasting heavy snow to expand through the northern and central Sierra on Thursday. The best chance …
Magnitude 4.9 Earthquake Shook Idaho
An earthquake of 4.9 magnitude struck north of Boise, Idaho, reportedly causing no major damage or injuries, authorities confirmed. The quake happened at 10:25 a.m. on Monday and was centered about 6.2 miles north of Smiths Ferry, according to the …
Multiple Causes Cited in Deaths of 14 Horses at Saratoga. Could Rainfall Be One?
A review of 14 horse deaths at Saratoga Race Course last summer found no definitive cause of why they happened, saying rainfall “could not be overlooked” as a factor. The Horseracing Integrity and Safety Authority, in a report released Monday, …
Baldwin to Stand Trial in Summer over Deadly New Mexico Movie Set Shooting
A New Mexico judge has set a trial date for Alec Baldwin on an involuntary manslaughter charge stemming from the 2021 deadly shooting on the set of the Western movie “Rust.” The scheduling order calls for jury selection to begin …
US Pharmacy Outage Triggered by ‘Blackcat’ Ransomware at UnitedHealth Unit: Sources
Hackers working for the ‘Blackcat’ ransomware gang are behind the outage at UnitedHealth’s technology unit that has snarled prescription deliveries for six days, two people familiar with the matter told Reuters on Monday. The problems began last week after hackers …
Signers National Acquires Texas’ Affiliated Insurance Agents
Signers National a group of insurance companies dedicated to servicing key client segments across the United States, announced the acquisition of Affiliated Insurance Agents. Affiliated Insurance Agents is an independent agency based in Houston and focused on comprehensive, competitive insurance …
State Farm Sues Norfolk Southern Over Ohio Train Derailment Damages
State Farm Insurance brought forth a subrogation lawsuit last week against Norfolk Southern over damages to a pair of East Palestine, Ohio homes allegedly caused by the railroad company’s February 2023 train derailment. State Farm filed a complaint in Columbiana …
Blu Clarity Names Irys Insurtech as Foundational Technology Platform
Blu Clarity, a value-based risk management solutions, has chosen Irys Insurtech as its foundational technology platform. This strategic move empowers Blu Clarity, an MGA, to quote and bind policies in real-time with any Irys platform user. Houston, Texas-based Blu Clarity …
Agency Aggregator Union Bay Acquires Michigan’s Skar Insurance
Union Bay Acquisition LLC, an aggregator of insurance agencies agent based in Lansdale, Pennsylvania, has acquired Skar Insurance Group of Rockford, Michigan. Terms were not disclosed. Skar Insurance specializes in trucking insurance with presence in Illinois, Indiana, Michigan, Mississippi, Ohio …
Iowa Enters Settlement With Cryptocurrency Firm Abra
The Iowa Insurance Division announced it entered a settlement in principle with a group of affiliated companies commonly known as Abra. The settlement addresses Abra’s alleged offer and sale of interest-bearing cryptocurrency depository products referred to as Abra Boost and …
New Orleans Bakery Sued for Pregnancy Discrimination
Gracious, LLC, a company based in New Orleans and doing business as Gracious Bakery + Café, violated federal law when it fired an employee because of a medical condition related to her pregnancy, the U.S. Equal Employment Opportunity Commission (EEOC) …
Verisk’s Annual Profit Forecast Falls Short Amid Spending Uncertainty
Verisk Analytics forecast 2024 adjusted profit below market estimates last Wednesday, as the broader data and analytics industry grapples with worries that an uncertain economy would potentially trigger spending cutbacks from clients. The company’s products primarily cater to U.S. property …
Subterranean Termites Creating a ‘New Norm’ in Florida, Damaging Homes and Trees
Some of the most insidious and damaging species of termites are spreading across Florida, causing damage to homes as swarming season approaches in March, experts say. The South Florida Sun Sentinel reported that entomologists at the University of Florida are …
Lithium Ion Battery Caused Fatal Fire in Harlem Apartment Building, Say Officials
A lithium ion battery sparked a fire that killed one person and injured 17 others at a New York City apartment building, fire officials said Saturday. Friday’s two-alarm fire began just after 2 p.m. on the third floor of a …
People Moves: Florida Peninsula Hires Compliance Officer from Citizens
Florida Peninsula Insurance Co., one of Florida’s larger residential insurers, has named attorney Nancy Staff to be director of corporate compliance. The position is a new one for Florida Peninsula, where Staff will be responsible for developing and managing the …
Jury Finds Former NRA Chief LaPierre Misspent Gun Group’s Funds, Owes $4.4M
The longtime head of the National Rifle Association, Wayne LaPierre, misspent millions of dollars of the organization’s money, using the funds to pay for an extravagant lifestyle that included exotic getaways and trips on private planes and superyachts, a New …
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