A Los Angeles Actuary on Lessons From the Palisades Fire
I watched as the skies over my home in Los Angeles turned an apocalyptic orange on January 7, 2025, as wildfires raged across the state. Among the most devastating, the Palisades Fire consumed thousands of acres, leaving a wake of …
DOJ Reports $2.9B Recovered in False Claims Act Litigation
Litigation under the False Claims Act generated more than $2.9 billion in settlement and judgments the last fiscal year, according to the U.S. Department of Justice. According to data released Jan. 15, the Justice Department’s Civil Division said the government …
Jack Daniel’s Parent Firm to Cut Workforce, Close Barrel Plant in Kentucky
LOUISVILLE, Ky. (AP) — Spirits giant Brown-Forman Corp. said Tuesday it’s reducing its global workforce by about 12% and closing its hometown barrel-making plant in Louisville. The cost-cutting moves come as American whiskey producers face stiff challenges from changing consumer …
New West Virginia Governor Axes DEI and Enacts Vaccine Exemptions on Day One
CHARLESTON, W.Va. (AP) — Republican Gov. Patrick Morrisey issued a slew of aggressive executive orders on his first full day as West Virginia’s chief executive Tuesday, including one enabling families to receive religious exemptions from required school vaccinations — a …
Fire-Ravaged LA to See Respite But Danger ‘Not Yet Passed’
The dry, dangerous winds that have kept fire-scarred Los Angeles on edge for days are finally forecast to end — but a lack of rain and another round of winds forecast next week has officials worried. “Things are starting to …
Family of Alabama Man Killed by Police Will Get $750,000 Settlement
MONTGOMERY, Ala. (AP) — An Alabama city will pay $750,000 to settle a federal civil rights lawsuit against a police officer who fatally shot one person and wounded another in 2019, after defendants appealed the original $4.5 million awarded by …
Maine Town’s Plan to Remove Two Dams Includes Marina Insurance Measure
The Yarmouth town council voted unanimously this month to remove two town-owned dams on the Royal River and consider fish passage improvements at a stretch of rapids in between them, a historic vote more than two decades in the making. …
Too High? Too Low? BMS Analyzes Early Wildfire Insured Loss Estimates
Industry analysts’ early estimates of insurance industry losses for the January 2025 California wildfires have already grown from $8 billion to $40 billion-plus—with many noting that it’s too early for precision in the numbers. In short, whether they were calculated …
Bayer Faces Billions in Payouts for Decades-Old Toxic Mess
Bayer AG’s Monsanto unit stopped making toxic PCBs a half century ago, but the legal fallout lingers even as many of the building materials made with the chemicals are no longer used in US homes, schools and factories. On Tuesday …
War Anxiety Grips Davos Experts With Ukraine Peace Still Elusive
War is the top worry wracking the nerves of risk experts surveyed by the World Economic Forum, despite incoming US President Donald Trump’s vow to end hostilities in Ukraine. “State-based armed conflict” is the most pressing immediate concern for 2025 …
FTC Prepares Lawsuit Over Deere Equipment Repair Practices
The US Federal Trade Commission has prepared a lawsuit against tractor giant Deere & Co. alleging the company’s agricultural equipment repair practices violate competition laws, according to people familiar with the matter. The agency is prepared to file the case …
Biden Signs Executive Order to Ensure Power for AI Data Centers
President Joe Biden signed an executive order on Tuesday to provide federal support to address massive energy needs for fast-growing advanced artificial intelligence data centers, the White House said. The order calls for leasing federal sites owned by Defense and …
New Auto Liability Minimums Take Effect in North Carolina
This month, the minimum automobile liability coverage requirements in North Carolina jumped to 50/100/50, among the highest minimums in the country. The change is the result of Senate Bill 452, approved in 2023 and which became law last year. The …
Insurance Journal’s ‘Agents of the Year’ Nomination Deadline Soon.
Are you a top agent/producer? Do you know someone at your agency who is? Insurance Journal is searching for the nation’s leading independent agents and producers to become part of Insurance Journal’s Agents of the Year listing to be published …
Construction Firm Owner Sentenced for Tax, Mail and Workers Compensation Fraud
A Hopkinton man was sentenced on Jan. 10, 2025 in federal court in Boston for defrauding the Internal Revenue Service (IRS) and Travelers Insurance Co. over wages he paid to employees of his two construction companies. According to U.S. Attorney …
Dermatologicals Now the Costliest Drug Group in California Workers Comp
Dermatologicals, which include a number of high-priced, private label drugs, account for the biggest share of the total drug spend in the California workers’ compensation system, a new report shows. Data from the California Workers’ Compensation Institute shows recent shifts …
Lincoln-Leavitt Acquiring Pyorre Insurance Agency in California
Lincoln-Leavitt Insurance has acquired Pyorre Insurance Agency in California. Pyorre Insurance Agency’s Lakeport office will relocate to Lincoln-Leavitt Insurance’s location in Lakeport, California, by the end of January. Its Fort Bragg location will remain open, and the same team will …
Minneapolis to Overhaul Police Training After George Floyd’s Murder
The Minneapolis City Council this month approved an agreement with the federal government to overhaul the city’s police training and use-of-force policies in the wake of the murder of George Floyd. The deal incorporates and builds on changes the Minneapolis …
DARAG Acquires Run-Off Portfolio From wefox Insurance AG
DARAG, a leading legacy acquirer with a focus on the European and UK market, and wefox Insurance AG, the Liechtenstein-domiciled insurance carrier of wefox Group, announced the transfer of a run-off portfolio including motor damage and third-party liability, private liability …
Iowa Insurance Division Joins $17M Settlement With Edward Jones
The Iowa Insurance Division, a member of the North American Securities Administrators Association (NASAA), announced last week it has joined a $17 million settlement with Edward D. Jones & Co., L.P. (Edward Jones) resulting from an investigation into the broker-dealer’s …

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