New York Obtains $1.065B Judgment Against Accused Predatory Lender
New York Attorney General Letitia James said on Wednesday her office obtained a $1.065 billion judgment against Yellowstone Capital, a cash advance provider accused of predatory lending, as part of a settlement that gives small businesses more than a half-billion …
French Families Sue TikTok Over Teen Suicides They Say Are Linked to Harmful Content
In the moment when her world shattered three years ago, Stephanie Mistre found her 15-year-old daughter, Marie, lifeless in the bedroom where she died by suicide. “I went from light to darkness in a fraction of a second,” Mistre said, …
Murdoch’s News Group Settles With Prince Harry, Leaving Questions Unanswered
Following a dramatic last-minute settlement in court, Prince Harry has again been victorious in his mission to take on the UK’s tabloid press. Rupert Murdoch’s News Group Newspapers (NGN) – publishers of the Sun as well as the now defunct …
‘Geoeconomic Fragmentation’ Challenges Insurers: Geneva Association
January 2025 report from the Geneva Association, titled “Insurance in a Fragmented World Economy,” found that geopolitical tensions have driven the global economy toward “geoeconomic fragmentation.” Geoeconomics refers to the intersection of geopolitical forces and economic policies. The report highlights …
Storm Éowyn Leaves Thousands Without Power, Grounds Flights
Hurricane-strength winds battered Ireland and the UK early Friday morning, leaving thousands of homes and businesses without power and disrupting transportation across the region. Winter Storm Éowyn brought record gusts of 183 kilometers (114 miles) per hour in Galway in …
US Health Agencies Cancel External Meetings, Travel After Trump Admin Directives
U.S. health agencies including the CDC this week canceled meetings with external groups, paused some public health publications and told employees to freeze travel after directives from the Department of Health and Human Services, two sources familiar with the situation …
MLB Orders Employees to Return to Office Five Days a Week
Major League Baseball has ordered its employees to return to the office five days a week, according to people familiar with the matter. The league had been on a hybrid policy since the pandemic. The change will go into effect …
Fire Chief Fatally Shot While Helping Couple Whose Car Hit a Deer in Alabama
A man fatally shot a Georgia fire battalion chief and wounded the driver of a car that hit a deer in rural Alabama, authorities said. The Coweta County, Georgia, fire department is mourning the death of James Bartholomew Cauthen, 54, …
Florida, Louisiana Sugarcane Could Be Hurt by Winter Storm but Citrus Was Spared
Sugarcane crops in Louisiana and Florida, the only two states producing sugar from cane in the United States, could be hurt by the cold snap in the area, while citrus farms seemed to have mostly been spared, experts said on …
J&J Tries to Avoid $30 Million in Punitive Damages in Baby Powder Case
Johnson & Johnson is balking at paying $30 million in punitive damages on top of a $15 million jury award to a Connecticut man who developed cancer after using the company’s talcum powder for decades. The company has labeled the …
OSHA Cites Contractor in Death of Worker Who Fell From Boston Theater Scaffold
A construction contractor could have prevented the death of a worker at the Cutler Majestic Theater in Boston by following required fall protection measures, a federal investigation has found. Responding to a referral from Boston Police last August 9, Occupational …
People Moves: MEMIC Promotes Holbrook; XS Brokers Hires Dawson
The MEMIC Group, headquartered in Portland, Maine, promoted Matt Holbrook to vice president of data and analytics. Holbrook, who is based in Maine, joined MEMIC in 1996 and most recently served as senior director of data, analytics and technology. In …
People Moves: CIWA Names New Executive Board and Incoming Members
The California Insurance Wholesalers Association made transitions within its executive board and named new additions to its board of directors. The changes to the CIWA board are: Yana Connors of Ck Specialty was appointed president, transitioning from her previous role …
Purdue Pharma, Sacklers Reach $7.4B National Opioid Settlement
Purdue Pharma and its Sackler family owners have reached a new $7.4 billion settlement to resolve thousands of lawsuits alleging that the pain medication OxyContin caused a widespread opioid addiction crisis in the U.S., several state attorneys general said Thursday. …
Trump’s Attack on ‘Illegal’ DEI Disorients Corporate America
President Donald Trump’s executive orders against “illegal” diversity, equity and inclusion policies have left corporations and their lawyers struggling to grasp exactly what that means. Trump on Tuesday ordered federal contractors to affirm they don’t “engage in illegal discrimination, including …
Insurance Commissioner Orders Advance Payments on Claims for LA Wildfire Survivors
California Insurance Commissioner Ricardo Lara is asking all California insurance companies to provide advance payments on claims for Los Angeles wildfire survivors. Lara’s order is designed to help speed the recovery process for wildfire survivors affected by several fires in …
Moody’s Expects LA Wildfires to Increase Property Insurance Costs Across State
Moody’s Ratings said in a report on Thursday that it expects the Los Angeles wildfires to increase property insurance costs across California. According to Moody’s, the state’s already noticeable insurance pricing and availability challenges are likely to intensify, with negative …
Oklahoma Commissioner Unveils OKReady Grant Program Launch Details
Oklahoma Insurance Commissioner Glen Mulready announced new details regarding the launch of OKReady, the Strengthen Oklahoma Homes (SOH) program, that went into effect on November 1, 2024. Over the past several months, the Oklahoma Insurance Department (OID) has been working …
People Moves: Ansay Announces New Leadership Team; Ryan Specialty Adds Budd to Specialty Underwriting Segment
Anneren Family Holding Company, established to perpetuate the Ansay family’s legacy, has announced the appointment of Angela Sikowski as President and Nikki Kiss as Chief Operating Officer (COO). This transition marks a significant step in the company’s evolution, with a …
Banks Have Unfair Edge Over Insurers in M&A Race: NN CEO Says
A top European insurance executive slammed a piece of regulation that has emerged as key driver behind a recent slate of asset management acquisitions by banks. The rule known as Danish Compromise gives the region’s lenders “an advantage” when buying …