Once again, settlements from class-action litigation topped $40 billion in 2024, according to an extensive analysis of more than 1,400 cases by law firm Duane Morris. Gerald L. Maatman, partner at the firm and co-author of its 650-page report, said …

Not all accidents are compensable merely because they happen at work, the Virginia Workers’ Compensation Commission (WCC) reminded in denying workers’ compensation benefits to a school bus driver for an injury that happened while he was simply walking from his …

California-headquartered ALKEME, ranked as one of largest U.S. insurance brokerages, has continued its growth spurt with the recent acquisition of Professional Benefits Consultants, based in Canton, Georgia. The move underscores ALKEME’s expansion in the Southeast and the growth of its …

Starting this spring, surplus lines brokers in Alabama must file quarterly reports showing all surplus lines transactions, the state Department of Insurance said this week. The rule is in keeping with state law and took effect Jan. 1. The quarterly …

Insurance broker Aon plc announced the appointment of John Neal as global CEO of Reinsurance and chairman of Climate Solutions, effective following the conclusion of Neal’s notice period at Lloyd’s of London where he has served as CEO since October …

Millions of people in California face at least two more days of dry, hot winds that have fanned fires across Los Angeles County and sent residents fleeing for their lives. Hurricane-force wind gusts of as much as 86 miles (138 …

Deep Vector, an artificial intelligence (AI) platform for analyzing underwriting documents, closed its seed round of $1.5 million, co-led by Aperture Venture Capital and InsurTech NY. Deep Vector helps insurers and brokers translate analog documents used for underwriting risk—claims loss …

A woman who worked as a hairstylist for Fox Sports alleges in a lawsuit that former host Skip Bayless made repeated, unwanted advances toward her — including an offer of $1.5 million to have sex with him. Attorneys for Noushin …

The Andrew Agency has acquired Garriques, Lloyd & McMahon in Richmond, Virginia. Founded in 1963, GLM Insurance is a third-generation family-owned agency providing personal and commercial insurance throughout Virginia and North Carolina. The Andrews Agency is an independent agency based …

Two undersea telecommunications cables that were damaged in the Baltic Sea on Dec. 25 appeared to have been torn apart by a strong external force, Finland’s Elisa said on Monday, adding that they had now been repaired. Baltic Sea nations …

The United Nations’ civil aviation agency is investigating reports of a “potential information security incident” following a claim that tens of thousands of its records had been stolen, the organization said on Monday. The Canada-based International Civil Aviation Organization (ICAO) …

Helvetia Holding AG is considering a sale of its loss-making German insurance operations, according to people familiar with the matter. The Swiss insurer has hired JPMorgan Chase & Co. and plans to collect non-binding offers for the unit in the …

Almost five years after Florida lawmakers clamped restrictions on assignment-of-benefits agreements and two years after they effectively outlawed AOBs altogether, state appeals courts may have finally put an end to one creative way that been used in attempts to get …

The Delaware Personal Data Privacy Act, passed in 2023, went into effect at the beginning of this new year, granting Delawareans ew personal data privacy rights. “Businesses collect Delawareans’ personal data every day,” said Attorney General KathyJennings. “Unfortunately, some businesses …

The Massachusetts Supreme Judicial Court has upheld a $20 million jury award In a medical malpractice case that found three medical professionals caused a patient to have to undergo an above-the-knee amputation of his leg. In 2023, a jury found …

A Maine man out on bail for an April 2024 arson charge has been charged with a new arson incident. According to officials, on the evening of January 5, the Maine State Fire Marshal (FMO) assisted with an investigation of …

A former insurance agent plead guilty to stealing premium from a premium finance company. Formerly licensed insurance agent Tonja Van Roy, 59, who currently resides in Las Vegas, but operated an insurance agency based in Northridge, California, pleaded guilty today …

McDonald’s Corp. is revamping its approach to diversity, equity and inclusion, becoming the latest large company to change its strategy as the once-ubiquitous goals come under pressure from conservative advocates. The company will no longer set “aspirational representation goals” and …

Exceptionally powerful, dry winds expected across Southern California this week are set to send wildfire risk skyrocketing in a region that’s endured more than eight months without significant rain. Forecasters predict the strongest Santa Ana wind event of the season …

XS Brokers Promotes Buccinna to Regional Leader of New York XS Brokers, headquartered in Quincy, Massachusetts, promoted Peter Buccinna to vice president and regional leader of New York. Buccinna has over 26 years of industry experience and joined XS Brokers …