BHP Faces UK Contempt Charge for Funding Case Over Brazil Dam Collapse
BHP faces a full contempt of court hearing in Britain for funding litigation to try to prevent some Brazilian municipalities suing the mining giant over one of Brazil’s worst environmental disasters, London’s High Court ruled on Thursday. Thursday’s ruling is …
USDA Finds Safety Issues at Top Research Site After Whistleblower Complaints
The U.S. Department of Agriculture found significant safety issues at its top research facility in an investigation of 2023 whistleblower complaints about the state of the site, the Office of Special Counsel said in a letter sent to the White …
Markets/Coverages: Marsh Launches European Cyber Facility for Mid-Sized Enterprises
Marsh, insurance brokerage business of Marsh McLennan, announced the launch of Cyber Unity, a new insurance facility for organizations across the European Union, as well as in Israel, Norway, Serbia, and Turkey, with revenues up to €500 million (US$581.2 million). …
GE Moves Washing Machine Production from China to Kentucky with $490M Invest
GE Appliances announced a nearly half-billion-dollar project Thursday that it says will create 800 new jobs and shift production of clothes washers from China to its massive manufacturing complex in Kentucky. The $490 million investment positions the Kentucky home appliances …
NC Bill Ending Course Requirements for Agent Licenses on Way to Governor
North Carolina insurance producers will no longer be required to complete education courses before taking the license exam, under a bill now awaiting the governor’s signature. House Bill 737 was approved with little opposition by both chambers in the General …
People Moves: Liberty Company Adds Producer in Jacksonville Area
Gainesville-based The Liberty Company Insurance Brokers announced Will Bradshaw as a producer in its Ponte Verde office. Bradshaw, whose family has operated a Tennessee insurance agency for more than 60 years, specializes in farm and crop insurance, commercial coverage and …
World Insurance Acquires Maine’s Healey Associates
Global insurance broker World Insurance Associates LLC has acquired the business of Healey & Associates of Portland, Maine. Terms of the transaction were not disclosed. Healey has been offering employee benefits to clients throughout New England since 1982, with a …
California Workers’ Comp Independent Medical Reviews Trending up, Report Shows
The number of Independent Medical Review decision letters issued in response to California workers’ compensation medical disputes is trending up in the last few years after declining steadily from 2018 through 2022, a report out on Thursday shows. IMR decision …
Former Lawmaker Lindsay Launches New York Insurance Agency
An insurance law professional and former state legislator has launched his own insurance brokerage in Tarrytown, New York. William Lindsay III has opened Tri Pack Insurance Services, which promises to offer “highly customized, data-driven insurance” for policyholders in industries including …
USC Basketball Star Alijah Arenas Recounts Tesla Cybertruck Crash
Star college basketball recruit Alijah Arenas spoke publicly for the first time about the Tesla Cybertruck crash that left him in an induced coma, casting fresh attention on safety issues with the EV maker’s newest model. The University of Southern …
Judge Says California FAIR Plan Violates Law; Industry Fights Consumer Group Suit
A judge ruled that the California FAIR Plan’s smoke-damage policy violates state law, while in another matter a lawsuit from a consumer group is drawing concern from insurers that it could push the California insurance market closer to collapse. On …
A Shrinking FEMA Puts Lake Town’s Rebuilding Plans in Limbo
LAKE LURE, North Carolina, June 17 (Reuters) – When Hurricane Helene’s flood waters slammed into Lake Lure’s century-old dam last September, gouging a massive scar into one embankment and cascading five months’ worth of rain down its sides, town commissioner …
Middle East Tensions Boost Underwriting Risks Across Re/Insurers’ Portfolios: Report
Marine, aviation, cyber, and terrorism insurers face immediate underwriting pressures and potential accumulation losses as a result of heightened hostilities between Iran and Israel, according to Morningstar DBRS. In addition, the report said, reinsurance capacity in certain business lines could …
Illinois Chiropractor Sentenced to 20 Months in Prison for Insurance Fraud
An Illinois chiropractor was sentenced to 20 months in prison and ordered to repay more than $2.3 million, following convictions on multiple charges related to a scheme to defraud Medicare and twelve other insurance companies, the U.S. Attorney’s Office, Central …
Inszone Acquires Texas’ Osterts and Associates
Inszone Insurance Services announced its acquisition of Osterts and Associates, LLC, a insurance agency based in Plano, Texas. This acquisition grows Inszone’s capabilities and further expands its presence in Texas, allowing the company to further provide exceptional insurance solutions and …
Viewpoint: Cyber Is a Product for Everyone, so Let’s Start Acting Like it
If this latest wave of retail cyberattacks proves anything, it’s that any business in any sector and of any size can find itself breached. These aren’t fringe incidents anymore; they’re national news, hitting high-street brands and sending disruptive shockwaves through …
Markets/Coverages: Descartes Expands US Parametric Flood Cover for Businesses; EverPeak Takes Workers Comp Product to 11 New States
Descartes Expands US Parametric Flood Cover for Businesses Parametric insurance company Descartes Underwriting has a new flood insurance product it said delivers better protection for US businesses, investors, and homeowners associations. Any type of business and industry class may be …
Texas THC Industry Welcomes More Regulations With Ban Off the Table
With a ban off the table for now, Texas hemp industry leaders said they are amenable to state lawmakers imposing more regulations on their THC products, such as age restrictions on purchases and more testing of their products, but caution …
Telemarketing Firm to Pay $85K Over Discrimination at Ohio Location
DialAmerica Marketing, LLC, a provider of telemarketing and call-center services for third-party clients, will pay $85,000 to settle a lawsuit brought by the U.S. Equal Employment Opportunity Commission (EEOC) charging race and sex discrimination and retaliation, the federal agency announced. …
SpaceX Polluted Border Area, Mexican President Sheinbaum Says
SpaceX’s Starship rocket launches in Texas have polluted an area across the border with debris, Mexican President Claudia Sheinbaum said. The president will meet with her cabinet soon on the “security and environmental impacts” of the rocket launches, the president …

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