NBA Sued Over Deal With Failed Crypto Exchange Voyager
The National Basketball Association was hit with a lawsuit over its marketing links to failed crypto exchange Voyager Digital Holdings Inc., which investors claim led to $4.2 billion in losses. The NBA was “grossly negligent” in agreeing to a marketing …
Fired ‘Mandalorian’ Actor Sues Disney With Funding From Elon Musk
Actor Gina Carano sued Walt Disney for wrongful termination from Star Wars series “The Mandalorian” in a lawsuit filed Feb 6 and backed by billionaire Elon Musk. Carano argued in the suit that she was fired in 2021 for voicing …
German Court Rules Against Intel in Patent Row Over Chips
A court in Germany has issued an injunction against the sale of some of Intel’s chips, in a patent dispute between the U.S. tech giant and a U.S. rival that filed the complaint. The regional court in Dusseldorf ruled in …
Claimants Out of Work More Likely to Die or Develop Serious Health Issues – WV Study
When workers drop out of the workforce due to a debilitating injury, they are more likely to develop serious health problems and an elevated risk of death, studies by West Virginia University researchers have shown. “The results suggest that disability …
People Moves: PCF Insurance Services Names Leadership Team Members
PCF Insurance Services (PCF), headquartered in Lehi, Utah, appointed several new members to its leadership team. Brooke DeWyze joined as chief development officer. Before joining PCF Insurance, DeWyze was chief operating officer of Moreton & Company. DeWyze also spent more …
Virginia Doctor Who Prescribed More Than 500K Doses of Opioids Granted New Trial
A Virginia doctor who was sentenced to 40 years in prison after prescribing more than half a million doses of highly addictive opioids in two years has been granted a new trial by a federal appeals court that found the …
Founder of AgencyPoint in California Says Many Agencies Put Accounting on Backburner
Many small- to mid-sized agencies aren’t putting much thought into accounting, relegating the important function to the backburner by opting to use local accountants, agency management systems that may not be sufficient, or even relatives to keep track of their …
Family of Black Girls Handcuffed, Held at Gunpoint in Colorado Reach $1.9M Settlement
The four Black girls lay facedown in a parking lot, crying “no” and “mommy” as a police officer who had pointed her gun at them then bent down to handcuff two of their wrists. The youngest wore a pink tiara …
Court Nixes ‘Wrongful Life’ Framing in Upholding $38M Fertility Malpractice Award
The Connecticut Supreme Court has ruled that claims involving the evolving field of assisted reproductive technologies can be decided using traditional negligence and medical malpractice principles and do not require consideration as novel “wrongful life” causes of action. The high …
Johnson & Johnson Worker’s Lawsuit Alleges Company Overpaid for Drugs
Johnson & Johnson was sued by an employee who said the company’s health plan wasted workers’ money by paying inflated prices for prescription drugs. In one instance, the health plan agreed to pay more than $10,000 for a drug to …
Recent Earthquakes in Oklahoma Serve as a Reminder of Ongoing Risk
OKLAHOMA CITY (AP) — After a dramatic spike in earthquakes in the early 2010s, state regulators in Oklahoma began taking steps to limit the injection of wastewater from oil and gas extraction deep into the ground. As a result, the …
SpaceX Accused of Sexual Harassment as Fight With Ex-Employees Intensifies
Executives at Elon Musk’s SpaceX discriminated against women, joked about sexual harassment and fired workers for raising concerns, seven former employees allege in California civil rights complaints viewed by Bloomberg. The California-based workers, who were fired in 2022 after circulating …
West Coast Insurers Warned of Billions in Losses Over Climate-Linked Investments
A new report warns insurance companies could face billions of dollars in losses if they stay on the current course of investments that contribute to climate change, at “a scale exceeding some of the worst wildfires in California’s history.” The …
People Moves: Hotchkiss Promotes Lindsey to VP of Sales
Hotchkiss Insurance Promotes Gary D. Lindsey to Vice President of Sales Hotchkiss Insurance, an independent insurance agency in Texas, announced the promotion of Gary D. Lindsey to the position of vice president of sales. Lindsey, CIC, CRM, has been an …
Railroads Say They’re Making Safety Changes to Reduce Derailments After Ohio Crash
OMAHA, Neb. (AP) — The changes railroads announced after last year’s fiery crash in East Palestine, Ohio, haven’t yet made a major difference, statistics show, and reforms have stalled in Congress. A few key measures in the latest Federal Railroad …
People Moves: Burns & Wilcox Names Wood Head of Professional Liability Practice; Ryan Specialty Promotes Jankovic to Chief Audit and SOX Officer
Burns & Wilcox Names Wood Head of Professional Liability Practice Burns & Wilcox, headquartered in Farmington Hills, Mich., hired Andy Wood as vice president and practice group leader, professional liability. Most recently, Wood, based in Chicago, Ill., led Hiscox across …
TWIA to Consider 1:100 PML for 2024 Storm Season at Upcoming Meeting
The Texas Windstorm Insurance Association’s (TWIA) Actuarial & Underwriting Committee will meet on Tuesday, Feb. 13 to discuss and potentially make a recommendation to the Board of Directors for determining TWIA’s statutorily required 1:100 probable maximum loss (PML) for the …
Bridge Specialty Opens Dallas, Texas Office
Bridge Specialty Insurance Brokerage (BSIB), who provides access to an extensive range of wholesale and specialty insurance solutions, announced the opening of its Dallas, Texas office. The new office will provide additional capabilities for the retail partners that currently work …
People Moves: Falvey Group Names Olsen to Marine Cargo
Falvey Insurance Group Names Olsen as Vice President, Marine Cargo Falvey Insurance Group, headquartered in North Kingstown, Rhode Island, named Jason Olsen as vice president, marine cargo. Olsen is based in Seattle, Washington, focusing on a California-based underwriting portfolio. He …
Germany Hit by Strikes as Workers Demand Better Pay and Conditions
Germany has been hit by a series of strikes since the start of 2024 as unions press for higher wages and improved working conditions to make up for high inflation and staff shortages in Europe’s largest economy. The industrial action …
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