Sandy Hook Denier Alex Jones Eyes Settlement With Families, Bankruptcy Exit
March Sandy Hook conspiracy theorist Alex Jones could exit Chapter 11 bankruptcy by late March or early April, his lawyer said on Wednesday after a judge decided families whom he owes $1.5 billion for lying about the 2012 school shooting …
School Crossing Guard Beats City’s Bid to Stop Her Workers ‘ Compensation Benefits
The Virginia city of Chesapeake has lost its bid to deny workers’ compensation medical benefits to a school crossing guard who injured her wrist when she fell while keeping her eyes on children around her crosswalk The city argued that …
Wall Street Stock-Lending Platform Crashes in Ransomware Attack
The criminal hacking gang LockBit said it was behind a ransomware attack that shut down some of the operations of EquiLend, a financial-technology firm that processes trillions of dollars of securities-lending transactions every month. The company, partly owned by some …
Record Underwriting Income Highlights W.R. Berkley Q4 Results
Fourth quarter net income at W.R. Berkley Corp. increased 4% compared to the same period the prior year to about $397.3 million on record pretax underwriting income of nearly $316 million, an 8.2% increase. The Greenwich, Connecticut-based commercial insurer finished …
The Hartford to Discontinue Writing New Homeowners Policies in California
The Hartford confirmed this week it will discontinue writing new homeowners policies in California. The carrier reportedly has less than 1% of the state’s homeowners market. The Hartford issued the following statement follwing a request for comment for this article: …
Inszone Acquires Kansas’ American Heritage Agency
Inszone Insurance Services announced the acquisition of American Heritage Agency, Inc., a well-established insurance agency that has been serving the Hays community in Kansas since 1999. This marks Inszone’s entry into the Kansas market. American Heritage Agency, Inc. has been …
California May Face Major Flooding From Jan. 30: Weather Watch
The odds are rising that California and the West will be struck by a plume of moisture known as an atmospheric river from Jan. 30 to Feb. 3, the US Climate Prediction Center said in a social media post. The …
Young Risk Professionals Expands National Leadership Team with New Board Members
As Young Risk Professionals looks towards continued growth in 2024, the networking organization has announced the appointment of Taylor Jones, Michelle Khajeh, and Holly Ragsdale as board members to the national leadership team. These elections reflect the organization’s commitment to …
People Moves: Wallace & Turner Names Leventhal Director of Operations & Business Development
Wallace & Turner, Inc., headquartered in Springfield, Ohio, named Mary Jo Leventhal director of operations and business development. Leventhal has more than 25 years of experience in the insurance industry. Before joining Wallace & Turner, she was a commercial lines …
Brawner Insurance Agency Joins Valley Insurance Agency Alliance
Brawner Insurance Agency, headquartered in Kirksville, Mo., joined Valley Insurance Agency Alliance (VIAA), comprised of more than 160 independent insurance agencies in Missouri and Illinois. Founded in 1992, Brawner Insurance Agency is led by second generation owner Jared Brawner. By …
Carolina Homeowners Give an Earful on Proposed 42% Average HO Rate Increase
North Carolinians have had plenty to say about a proposed homeowners insurance rate increase that could, on average, raise rates in the state by double digits. At a public forum held online and in Raleigh, homeowners blasted the 42% average …
Michigan Hospital Agrees to Pay $50K to Settle Religious Discrimination Lawsuit
Trinity Health Grand Rapids, formerly known as Mercy Health St. Mary’s, a hospital and member of the Trinity Health-Michigan health system, agreed to pay $50,000 and provide other relief to settle a religious discrimination lawsuit filed by the U.S. Equal …
What Does Red Sea Disruption Mean for Europe’s Economy?
Weeks of attacks by Iranian-backed Houthi militants on vessels in the Red Sea have disrupted shipping in the Suez Canal, the fastest sea route between Asia and Europe, carrying around 15% of global sea trade. For the European economy, already …
Microsoft’s Bing, Edge to Avoid EU’s Digital Dominance Crackdown
Microsoft Corp.’s Bing search engine, Edge web browser and Advertising services are set to be exempt from strict new European Union antitrust rules reining in Big Tech platforms because watchdogs tentatively concluded they’re not dominant enough to be hit by …
Broken Pipes in Memphis Cause Water Pressure, Supply Problems
(AP) — Subfreezing conditions and treacherous roadways have contributed to dozens of deaths this month across the U.S., where states as far south as Texas and Florida were gripped by deadly arctic weather on Sunday. Nationally, winter storms have claimed …
SEC Blames ‘SIM Swapping’ for its X Account Hack
Wall Street’s top regulator was the victim of “SIM swapping,” a technique internet fraudsters use to seize control of telephone lines, when its account on the social media platform X, formerly known as Twitter, was hacked earlier this month, the …
J&J Agrees to Resolve Talc Investigations in 42 States
Johnson & Johnson on Tuesday said it had reached a tentative settlement to resolve probes by U.S. states into whether it misled consumers about the safety of its talc products, which thousands of lawsuits claim can cause cancer. The deal …
Massachusetts Hospital Faces Class Action Over Christmas Cyber Attack
A Massachusetts hospital that suffered a cyber attack in December has been hit with a class action lawsuit for its alleged failure to secure patients’ personal information. Anna Jaques Hospital in Newburyport experienced a significant shutdown of its electronic medical …
911 Calls From Maui Capture Pleas for Stranded, and Those Caught in Fire’s Chaos
The day after the deadliest U.S. wildfire in a century destroyed a seaside community on Maui, the barrage of 911 calls didn’t stop: Reports of missing people, stranded family members and confused tourists trapped without food or water lit up …
Markets/Coverages: CFC Launches Embedded Transaction Liability Insurance Product
Specialty insurance provider CFC has launched what it is calling the first ever transaction liability insurance product to be embedded into online M&A platforms in the USA. CFC is initially making its Seller Protect available on the Flippa.com online M&A …