Mississippi Investment Firm Launches Insurance Agency
A Mississippi investment firm is braving a tight market and entering the commercial property/casualty world with a startup insurance agency. Twain Capital, formed in 2021, has launched Twain Insurance Agency, based in Ridgeland, Mississippi. Principals John Lawrence, Tom Davis and …
Maryland Settles Lawsuit With Tri-Gas & Oil Over Fuel Leak at Storage Facility
Maryland Attorney General Anthony G. Brown announced the settlement of a lawsuit against an Eastern Shore fuel storage facility, including a $600,000 penalty for pollution to groundwater and a nearby creek. The settlement resolves a lawsuit brought against Tri-Gas & …
911 Call Shows What Happened When Young Man Entered Wrong House in SC
COLUMBIA, S.C. (AP) — A concerned college student asked police if they’d seen his fraternity brother early one Saturday morning after he’d sent the 20-year-old home from a sports bar in an Uber. He hadn’t heard from his friend in …
Elderly Man Fatally Shoots Wife, Self at Florida Assisted Living Facility
ST. PETERSBURG, Fla. (AP) — An elderly man fatally shot his wife and then himself at an assisted living facility in Florida, police said Tuesday. Staff at the Addington Place at College Harbor facility found the couple dead in the …
Cyclone Kirrily Makes Landfall in Australia as Severe Storm
Australia is being lashed by damaging winds and heavy rainfall as Severe Tropical Cyclone Kirrily makes landfall, the biggest system to hit the Queensland coast in almost five years. Kirrily is crossing near Townsville as a Category 3 system, and …
Disney Asks for Delay in Board’s Lawsuit Due to ‘Distracted District’
ORLANDO, Fla. (AP) — Disney this week requested a second delay in a state court case involving its legal battle with Gov. Ron DeSantis’ appointees over who controls Walt Disney World’s governing district, as the company accused them and the …
EU Auditors Say Real CO2 Emissions From Most Cars Have Not Fallen
Real CO2 emissions from most passenger cars on EU roads are the same as 12 years ago despite reduction targets set in 2010 for newly registered vehicles, putting in jeopardy Europe’s green agenda, the European Court of Auditors (ECA) said …
After $70 Billion Hit, Insurers Wake Up to Growing Risks of Severe Convective Storms
The insurance industry is grappling with a new kind of weather risk that’s increasingly driving its biggest loss category. While no single weather event caused more than $10 billion in losses for insurers last year, there were 37 thunderstorms that …
Brown, Yale, Columbia Among Latest to Settle Financial-Aid Lawsuit
Brown, Yale and Columbia universities have agreed to pay a combined $62 million to resolve a lawsuit that accused them and others of favoring wealthy applicants, pushing total settlements in the case to $118 million. Lawyers for a proposed class …
People Moves: Coalition Nabs AIG’s Jones as Head of Global Claims
Robert Jones has joined Coalition as the head of global claims. He will step into the role Feb. 5. Jones previously spent 32 years at AIG where he most recently served as the executive vice president of financial lines, specialty …
Fox Can Challenge Smartmatic’s $2.7 Billion Defamation Claim Over 2020 Election
Fox Corp. can proceed with its claims that Smartmatic Corp.’s $2.7 billion defamation lawsuit wildly exaggerates the financial harm it suffered from broadcasts falsely accusing it of rigging the 2020 US election, a New York judge ruled. Rejecting the voting …
Lawsuit Alleges HIV-Positive Inmate in California Died After Being Denied Medication
A lawsuit filed by the family of a man who died after being held in a Northern California jail alleges he contracted a preventable viral infection there when its medical staff denied him critical HIV medication for two months. When …
Home Surveillance Video Leads to Arrests for Fraud in Alleged Staged Auto Collision
A home surveillance video camera helped lead investigators to five Southern California residents for allegedly staging an auto collision to collect an insurance payout. Each defendant has been charged with one felony count of insurance fraud after an investigation by …
Sandy Hook Denier Alex Jones Eyes Settlement With Families, Bankruptcy Exit
March Sandy Hook conspiracy theorist Alex Jones could exit Chapter 11 bankruptcy by late March or early April, his lawyer said on Wednesday after a judge decided families whom he owes $1.5 billion for lying about the 2012 school shooting …
School Crossing Guard Beats City’s Bid to Stop Her Workers ‘ Compensation Benefits
The Virginia city of Chesapeake has lost its bid to deny workers’ compensation medical benefits to a school crossing guard who injured her wrist when she fell while keeping her eyes on children around her crosswalk The city argued that …
Wall Street Stock-Lending Platform Crashes in Ransomware Attack
The criminal hacking gang LockBit said it was behind a ransomware attack that shut down some of the operations of EquiLend, a financial-technology firm that processes trillions of dollars of securities-lending transactions every month. The company, partly owned by some …
Record Underwriting Income Highlights W.R. Berkley Q4 Results
Fourth quarter net income at W.R. Berkley Corp. increased 4% compared to the same period the prior year to about $397.3 million on record pretax underwriting income of nearly $316 million, an 8.2% increase. The Greenwich, Connecticut-based commercial insurer finished …
The Hartford to Discontinue Writing New Homeowners Policies in California
The Hartford confirmed this week it will discontinue writing new homeowners policies in California. The carrier reportedly has less than 1% of the state’s homeowners market. The Hartford issued the following statement follwing a request for comment for this article: …
Inszone Acquires Kansas’ American Heritage Agency
Inszone Insurance Services announced the acquisition of American Heritage Agency, Inc., a well-established insurance agency that has been serving the Hays community in Kansas since 1999. This marks Inszone’s entry into the Kansas market. American Heritage Agency, Inc. has been …
California May Face Major Flooding From Jan. 30: Weather Watch
The odds are rising that California and the West will be struck by a plume of moisture known as an atmospheric river from Jan. 30 to Feb. 3, the US Climate Prediction Center said in a social media post. The …
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