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Oklahoma Court: Marijuana Question Won’t Make November Ballot

23 Sep 2022 15:49


A proposed state question on whether to legalize the recreational use of marijuana in Oklahoma won’t appear on the November ballot, the state Supreme Court ruled Wednesday, dealing a blow to Democrats who hoped the question would energize liberal voters. …


Chicago to Pay $15 Million Over Woman’s Death in Police Chase Crash

23 Sep 2022 15:33


The Chicago City Council approved a settlement on Wednesday that will pay $15 million to the family of a woman who was killed when a police cruiser ran a red light and slammed into her SUV after officers allegedly ignored …


Michigan Property Owners, 3M Settle PFAS Case for $54 Million

23 Sep 2022 15:31


A judge has given tentative approval to a $54 million settlement involving 3M Co., a shoe manufacturer and property owners in western Michigan who said their land and wells were contaminated by toxic “forever chemicals.” The deal involves approximately 1,700 …


Stoplight Shooting Not Covered by Uninsured Motorist Policy, Carolina High Court Says

23 Sep 2022 15:15


A fatal shooting by a disturbed driver is not covered by the victim’s uninsured motorist policy, the South Carolina Supreme Court decided this week in an opinion that shows how court rulings on the issue have evolved over the last …


Markets/Coverages: Marsh Clients Can Pay Fees With Carbon Credits; Cowbell Debuts Adaptive Cyber, Launches Cowbell Specialty

23 Sep 2022 14:42


Marsh announced that U.S. clients now have the option to pay their Marsh service fees in voluntary carbon offset credits and renewable energy certificates (RECs). The move – believed to be a first-of-its-kind in the financial services industry – is …


Oregon Hospital Issued Workplace Safety Fines

23 Sep 2022 14:15


The Oregon State Hospital is facing a $54,000 fine for failing to investigate workplace injuries. The citation, brought by the state’s Occupational Safety and Health Administration, alleges that from January 2021 to June 2022 the hospital didn’t investigate every time …


Big ‘I’ and Reagan Consulting Release 2022 Best Practices Study Results

23 Sep 2022 14:01


As the independent agency channel moves past the coronavirus pandemic and into uncertain economic headwinds, Best Practices agencies achieved record highs in organic growth and profitability, according to the 2022 Best Practices Study by the Big “I” and Reagan Consulting. …


Pennsylvania Recovers $1.7M for Buyers of Car Repair Coverage Service Contracts

23 Sep 2022 13:46


Pennsylvania Attorney General Josh Shapiro said his office has secured a court order for more than $1.7 million in restitution against a car service coverage firm he said denied claims for services and refused to refund payments. The AG has …


Federal Appeals Court Upends $6M Lead Paint Verdict From 2019

23 Sep 2022 13:33


A federal appeals court has cleared one paint manufacturer and ordered a retrial for two others in a case in which a jury in 2019 awarded $6 million to three men whose brain damage was blamed on their years of …


New Jersey Liquor Board Readies Permits for Home Delivery of Alcoholic Drinks

23 Sep 2022 13:27


New Jersey recently announced a permitting process that allows third-party delivery services like DoorDash, Instacart, and Amazon Flex to deliver alcoholic beverages – including cocktails “to go” – from restaurants, bars, and liquor stores to customers’ doorsteps. The permit, authorized …


Thieves Key on Hack That Leaves Hyundai, Kia Cars Vulnerable

23 Sep 2022 13:03


Some Hyundai and Kia cars and SUVs are missing a “key” anti-theft device, and thieves know. An insurance industry group says these cars are stolen at nearly twice the rate of the rest of the auto industry because their keys …


‘Captain America’ Swoops In to Fix Hurricane-Hit Roofs in New Orleans

23 Sep 2022 12:58


Actor Anthony Mackie was not carrying his Captain America shield when he returned to his hometown of New Orleans to help repair hurricane-damaged roofs. But for people in his old neighborhood, knowing their tarp-covered roofs were getting repaired was a …


Orient Insurance Loses Bid to Recover Payout for Dubai Hotel Fire

23 Sep 2022 12:44


DUBAI, United Arab Emirates (AP) – An insurance company that was ordered to pay more than a billion dirhams in damages for a 2015 New Year’s Eve fire in Dubai has lost a civil lawsuit that it filed to try …


Appeals Court Rejects NRA Free Speech Claims Against New York Insurance Regulator

23 Sep 2022 12:27


A federal appeals court has denied the National Rifle Association’s First Amendment claims against a former New York insurance regulator who urged insurance companies to consider the risks of doing business with the NRA and other gun groups. The NRA …


Collapse of Tailings Dam in South Africa Highlights Need for Global Regulations

23 Sep 2022 11:46


The collapse of a tailings dam in South Africa earlier this month has put the spotlight on the need for binding global regulations of facilities used to store mining waste, investors and industry leaders said. A dam holding liquid mine …


People Moves: Gallagher Hires Nexus’ Wright for Aerospace Practice; Aon Names Head of ESG Transaction Advisory Services; Sompo Int’l Taps Generali’s Chiurlo for Europe A&H

23 Sep 2022 10:53


This edition of International People Moves details appointments at Gallagher, Aon and Sompo International. A summary of these new hires follows here. Gallagher Hires Wright from Nexus for Aerospace Practice Gallagher has appointed Tim Wright as a consultant in its …


Telecoms Firm Optus Warns Cyber Attack May Have Exposed Australian Clients’ Details

23 Sep 2022 09:17


Optus, the Australian unit of telecoms firm Singapore Telecommunications, said it was investigating the unauthorized access of customer details including home addresses, driver’s license and passport numbers, after a cyberattack. Wireless carrier Optus said in a statement on Thursday it …


Banks Face Risk of Being Sued if They Don’t Stick to Their Climate Goals: ECB

23 Sep 2022 08:50


Banks face the risk of being sued if they don’t stick to their climate goals or try “greenwashing” their image, a top European Central Bank (ECB) supervisor said on Thursday. Major Wall Street banks have threatened to leave United Nations …


Cities of Paris and New York Join Climate Litigation Against TotalEnergies

23 Sep 2022 08:08


The cities of Paris and New York have joined a coalition of associations and local authorities that are suing oil major TotalEnergies for failing to adequately fight climate change, the coalition said in a statement on Wednesday. “All the signals …


Update: Hurricane Fiona Roars Toward Atlantic Canada as New Storm Threatens Florida

23 Sep 2022 07:47


After lashing Bermuda, Hurricane Fiona is racing north toward Eastern Canada, threatening to become the most powerful storm ever to hit the region. A second system, meanwhile, is developing in the Caribbean and may strike Cuba and Florida early next …


Boeing to Pay $200M to Settle Charges it Misled Investors About 737 MAX

23 Sep 2022 06:17


Boeing Co. will pay $200 million to settle civil charges by the U.S. Securities and Exchange Commission that it misled investors about its 737 MAX, which was grounded for 20 months after two fatal crashes killed 346 people, the agency …


Viewpoint: Significant Ruling in PFAS Litigation Could Impact Insurance Coverage

23 Sep 2022 05:04


Per- and poly-fluoroalkyl substances, commonly known as PFAS, have served as a key component in numerous industrial and consumer products for decades. These “forever chemicals,” which have been associated with environmental contamination and adverse health outcomes, have garnered steadily-growing attention …


Truck Driver Had Heart Attack, but Accident Still Compensable in North Carolina

23 Sep 2022 05:01


Workers’ compensation carriers in North Carolina continue to be bound by a 44-year-old presumption that a death during work duties is work-related, even when a doctor testifies that a heart condition was the cause of death. “The Pickrell presumption is …


Colorado Insurance Agencies RSS and DLP form Conexus Insurance Partners

23 Sep 2022 05:00


Westminster insurance agencies RSS Insurance Services and Day Larsen Pedersen Insurance have merged into one, local independent insurance agency serving the Colorado community. The firms are now Conexus Insurance Partners. RSS & DLP have served the Colorado area for a …


Florida Comp Insurers Challenge Hospital Payment Plan. Up Next: Physician Dispensing

22 Sep 2022 21:26


A group of workers’ compensation carriers has filed a formal challenge to the state’s hospital reimbursement plan, arguing that payment levels would be far out of line with what other states allow and what other insurers pay in Florida for …


New Report on California Workers’ Comp Medical Payment Trends

22 Sep 2022 20:50


The Workers’ Compensation Insurance Rating Bureau of California released an updated California Workers’ Compensation Aggregate Medical Payment Trends report for 2021. The latest annual report compares medical payment information from 2019 through 2021. It analyzes medical payment and utilization trends …


California Commissioner Orders Another Insurance Cancellation Moratorium for Wildfire

22 Sep 2022 18:25


California Insurance Commissioner Ricardo Lara on Thursday ordered insurance companies to preserve residential insurance coverage following Gov. Gavin Newsom’s latest wildfire emergency declarations. Lara’s order shields policyholders within the wildfire perimeter or in adjacent ZIP codes of the Mosquito and …


Scientist: Climate Change Plus 3rd Straight La Niña ‘Not a Good Thing’

22 Sep 2022 18:02


Climate change combined with a third consecutive La Niña is “not a good thing,” a scientist is warning. Jonathan Overpeck, a climate scientist, professor and dean of the School for Environment and Sustainability at the University of Michigan, wrote this …


Louisiana Dept. of Insurance to Hold Hurricane Prep Event

22 Sep 2022 16:55


The Louisiana Department of Insurance (LDI) and Habitat for Humanity will hold a hurricane preparation session at Mandeville Community Center on September 26, 5:30 p.m. The session, Insurance Information on Preparing for Hurricane Season, will take policyholders through the components …


TWIA Names David Durden as General Manager

22 Sep 2022 16:45


The Board of the Texas Windstorm Insurance Association selected its chief legal and legislative officer, David Durden, to be the association’s next General Manager after an extensive months-long search process, effective October 1, 2022. TWIA Board chair Chandra Franklin Womack …

        
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