Live Nation Seeks to End States’ Claim of Damages for Concertgoers
Live Nation Entertainment has asked a federal judge in New York to dismiss several states’ claims that the live event promoter harmed event-goers by stifling competition with its ticket-selling arm, Ticketmaster. Live Nation seeks to dismiss part of the lawsuit …
TDCI Hosts SE Regulators Conference in Nashville in November
The Tennessee Department of Commerce and Insurance will host the 2024 Southeastern Regulators Association conference in Nashville, promising a number of familiar faces in the insurance and legal industries as keynote speakers. The Nov. 3-5 conference is co-hosted by Insurors …
Completion of Federal Probe Into Surfside Condo Collapse Delayed Until 2026
A long-awaited federal report on the causes of the Champlain Towers South condominium collapse, which killed 98 people in 2021 and upended Florida condo regulations and market, will have to wait at least another year. Officials with the National Institute …
GM’s Cruise to Begin Testing Autonomous Vehicles in California
General Motors’ self-driving unit Cruise said on Thursday it will begin supervised testing with up to five autonomous vehicles in fall this year in California’s Bay Area. Cruise will deploy several manual mapping vehicles in Sunnyvale and Mountain View, following …
California’s Lara Orders 1-Year Moratorium for 750K Residents Following Wildfires
California Insurance Commissioner Ricardo Lara issued a mandatory one-year moratorium on insurance companies to preserve residential insurance coverage for 750,000 policyholders affected by the Airport, Bridge, and Line fires in the counties of Orange, Riverside, Los Angeles, and San Bernardino. …
Maine Bill Would Require Army to Use State Crisis Laws to Remove Weapons
A bill introduced after a mass shooting in Maine would require the Army to use state crisis intervention laws to remove the weapons of a service member who is deemed to be a serious threat to themselves or others, U.S. …
Connecticut Aquarium Pays $12K to Settle Investigation Into Whale Deaths
A Connecticut aquarium where three beluga whales died in recent years has agreed to settle a federal investigation over alleged animal care and water quality violations by paying a $12,200 fine while not admitting or denying the accusations. The whales …
Wisconsin Contractor Faces $144K Fine for Endangering Workers
A suburban Madison, Wisconsin contractor with a history of federal safety failures – including violations that led to an employee’s fatal injuries in 2022 – has again been found exposing workers to the construction industry’s most deadly hazard – falls …
Jewelers Mutual Expands to NC Office Tower, Warns About Store Break-ins Nationwide
Jewelers Mutual Insurance, one of the largest and oldest jeweler-focused insurers in the country, plans to lease a full floor of a new officer tower in downtown Raleigh, North Carolina, a move that will create about 200 jobs, according to …
Unnamed Storm in Carolinas Caused $7 Billion in Damage, AccuWeather Says
The storm that swamped parts of the Carolinas this week wasn’t organized enough to be named but it still has caused $7 billion in damage, according to a preliminary estimate from AccuWeather. That was approaching the $9 billion in damage …
Zywave Names Simoncic New CEO, Kasper CFO
Insurance technology provider Zywave said Martin Simoncic is its new chief executive officer and Christian G. Kasper has joined as chief financial officer. Simoncic most recently served as president of PROS Holdings, a software-as-a-service (SaaS) solutions company using artificial intelligence. …
Moody’s: Private Market Insured Losses From Francine to Not Exceed $2B
U.S. private market insured losses from Hurricane Francine are estimated to not exceed $2 billion, Moody’s RMS Event Response team said. Losses to the National Flood Insurance Program from the hurricane are estimated to be less than $200 million, the …
AM Best Downgrades Credit Ratings of Texas Farm Bureau Casualty Insurance Co.
AM Best has downgraded the Financial Strength Rating (FSR) to B++ (Good) from A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) to “bbb+” (Good) from “a-” (Excellent) of Texas Farm Bureau Casualty Insurance Company and its affiliates, Farm …
Federal Judge in N.D. Temporarily Blocks Biden Rule on Natural Gas Flaring
BISMARCK, N.D. (AP) — A federal judge in North Dakota has temporarily blocked a new Biden administration rule aimed at reducing the venting and flaring of natural gas at oil wells. “At this preliminary stage, the plaintiffs have shown they …
Wisconsin Food Processor Fined $161K for Exposing Workers to Dangers
A Wisconsin animal food producer exposed employees to the risks of explosions, fires and long-term respiratory illnesses from excessive amounts of airborne dust, federal workplace inspectors found. The findings follow an inspection by the U.S. Department of Labor’s Occupational Safety …
US Sues Ship Owner, Operator Over Baltimore Bridge Collapse
The US sued the owner and the operator of a Singapore-flagged ship that rammed into a Baltimore bridge in March, the most aggressive action to date in response to a disaster that killed six workers and threw the region’s transportation …
Houston-Area Blaze Caused by SUV Accident, Officials Say
A fire on an Energy Transfer LP natural gas liquids pipeline near Houston was caused by an SUV crashing through the fence of a Walmart store and into an above-ground valve to the line, local officials said. Preliminary reports indicate …
Appeals Court Spikes Brett Favre’s Defamation Suit Against Shannon Sharpe
NEW ORLEANS (AP) — A federal appeals court has refused Monday to revive a defamation lawsuit that former NFL quarterback Brett Favre filed against a fellow Pro Football Hall of Fame member — former tight end Shannon Sharpe. Favre filed …
Wildfire Risk Upends California’s Cannabis Heartland as Insurance Vanishes
Hannah Whyte is one of thousands of Californians who have struggled to insure their property in the event of wildfire. Her 77-acre farm nestled deep in a wildfire-vulnerable forest lost its coverage from State Farm after the mountainous region burned …
Alabama’s Wind-Mitigation Program Celebrates 50,000 Fortified Homes in the State
Alabama’s wind-mitigation grant program has resulted in 50,000 fortified homes over the last decade, outpacing most other coastal states that offer similar programs. The Alabama Department of Insurance announced the milestone this week, giving more kudos to a program that …
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