Judge Clears Florida Officer in Shooting of UPS Driver, Citing ‘Stand Your Ground’
A South Florida judge cleared a police officer of wrongdoing in the shooting death of a UPS driver who had been taken hostage during a 2019 robbery. Broward Circuit Judge Ernest Kollra ruled that Jose Mateo, who had been charged …
Two More HO Insurers Join Florida Market, One Led by Former Metromile CEO
Florida regulators have approved two new homeowner insurance companies, one led by a San Francisco tech entrepreneur and former head of Metromile auto insurance company. “I focus on companies that can successfully use machine learning and statistics to build great …
Murdoch Calls Trump’s Epstein Suit ‘Affront’ to Free Speech
Rupert Murdoch and News Corp. asked a US judge to throw out President Donald Trump’s $10 billion libel lawsuit over a Wall Street Journal report tying him to a bawdy birthday note to the late Jeffrey Epstein, calling the case …
Florida Adjuster Convicted for Sending Carrier Checks to His Fake Firm
A former staff adjuster for a large Florida insurance carrier has been found guilty of defrauding the insurer out of more than $580,000. A federal jury in Orlando last week said James Octavias Tobias Owens, 34, from the Orlando area, …
Neptune Insurance Eyes $2.8B Valuation: IPO
Neptune Insurance said on Monday it was targeting a valuation of up to $2.76 billion in its U.S. initial public offering, as the IPO market continues to run hot. Some existing shareholders of the flood insurance provider are targeting to …
Hershey Wins Lawsuit Claiming Reese’s Candies Aren’t Spooky
Hershey defeated a lawsuit claiming it misled consumers who were disappointed the Halloween-themed Reese’s peanut butter candies they bought lacked the decorative details shown on the labels. U.S. District Judge Melissa Damian ruled on Friday that the plaintiffs did not …
Maryland Man Charged in Ponzi Scheme Claimed He Knew Buffett’s Investments
A Harvard Business School graduate accused of defrauding fellow alumni out of millions of dollars by claiming he could identify where Warren Buffett’s Berkshire Hathaway would invest next has been indicted for fraud, federal prosecutors in Manhattan said. Vladimir Artamonov, …
Mutual Growth Strategy: Northern Neck Insurance to Acquire Frederick Mutual
Two mutual insurers — Northern Neck Insurance Co. and Frederick Mutual Insurance Co.— have announced they intend to affiliate, pending regulatory approval, in a move to grow across the Mid-Atlantic region. While Northern Neck is acquiring Frederick Mutual, the two …
People Moves: Courts Joins Alliant Retirement Consulting; Lalli Joins Alliant’s Southwest Employee Benefits Team
Courts Joins Alliant Retirement Consulting Adriana Courts joined Alliant Retirement Consulting, a division of Alliant Insurance Services, as vice president. Courts will focus on delivering retirement plan strategies to a client base throughout the Pacific Northwest. Courts has experience managing …
California Couple Charged With Insurance Fraud, Identity Theft and Conspiracy
A California couple has been charged for running an insurance fraud scheme where they allegedly stole more than 21 patients’ identities and submitted false insurance claims. Rebecca Juarez, 39, and Juan Pablo Rodriguez, 31, both of Irvine, were arrested on …
AM Best: Commercial Auto Liability Drags Down Segment and it Could Get Worse
Commercial auto has been a dark cloud hanging over the U.S. property/casualty industry for more than a dozen years—and things are getting worse. For the 14th consecutive year, commercial auto has posted an underwriting loss and has accumulated more than …
New Jersey Requires Testing and Disclosure of Lead in Water Systems
New Jersey has enacted new requirements around testing and disclosure of lead in public water systems. The new law (A2929/S1034) requires landlords to report information about the known or potential presence of lead in drinking water to tenants of residential …
Illinois Labor Union to Pay $110K Over Race Discrimination Lawsuit
Sunnybrook Union, a labor union representing teachers and educational support staff in the Sunnybrook School District in Lansing, Illinois, will pay $110,000 and provide other relief to settle a race discrimination case filed by the U.S. Equal Employment Opportunity Commission …
California’s Insurance Commissioner Is Seeking Changes to The Intervenor Process
California Insurance Commissioner Ricardo Lara on Friday announced he wants to make certain reforms to the state’s insurance law, Proposition 103, including changing the controversial intervenor process. Prop. 103, passed by voters in 1988, is the state’s bedrock insurance law …
People Moves: IMA Financial Group Names Leadership Appointments in Houston Office
IMA Financial Group, a North American insurance brokerage firm specializing in risk management, wholesale brokerage, and wealth management, has announced two key leadership appointments in its Houston office to support the company’s commitment to the region and its growing client …
Grange Policy Not Ambiguous in Death of Family Killed in 2019 Kentucky Crash
A trial court said the insurance policy was ambiguous, allowing a commercial umbrella policy to supplement coverage in the deaths of five people killed by a drunken driver in 2019. But the Kentucky Supreme Court this week found that the …
Texas Insurance Agent Pleaded Guilty After Stealing Premiums
A Texas Department of Insurance (TDI) investigation led to prison time for a former insurance agent who overcharged almost $300,000 in insurance premiums. Carlyle Poindexter pleaded guilty to conspiracy to commit wire fraud in August and was sentenced to five …
NHTSA Delays New Car Rating Updates for One Year at Industry Request
The National Highway Traffic Safety Administration said Friday that it will delay implementation of updates to the U.S. government’s New Car Assessment Program finalized in December after a request by automakers. The agency last year said it was adding blind …
The MEMIC Group to Acquire The Dakota Group, Including Risk Administration Services
Workers’ compensation specialist The MEMIC Group, led by parent company Maine Employers’ Mutual Insurance Company, has entered into an agreement to acquire The Dakota Group, including Risk Administration Services, Inc. and its four affiliated insurance services companies. The combining of …
WalkerHughes Insurance Adds Indiana’s Brady Benefits to Midwest Platform
WalkerHughes Insurance announce the addition of Brady Benefits, a Fort Wayne-based Employee Benefits brokerage, to its growing Midwest platform. Brady Benefits, led by respected industry veteran Matt Brady, specializes in group health and ancillary benefits. The firm brings a strong …
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