Car Prices Expected to Surge on Trump’s New Tariffs
Impending tariffs on Canada and Mexico risk driving up US car prices by as much as $12,000, further squeezing consumers and wreaking havoc across the intricate web of automotive supply lines spanning the continent. The cost to build a crossover …
Arthur J. Gallagher & Co. Acquires New Zealand-Based RMA General Ltd.
Arthur J. Gallagher & Co. announced the acquisition of New Zealand-based RMA General Ltd. (RMA) and its associated insurance broking businesses. Terms of the transaction were not disclosed. RMA provides commercial and personal insurance products as well as tailored life …
Gender Pay Gap Endures in Australia’s Financial and Insurance Sectors
Pay for women and men at firms in Australia’s financial and insurance services sector remains among the most unequal, according to government data that was expanded to include the salaries of more workers and a deeper analysis of wages. The …
Crews Battle Wildfires Across Parts of North and South Carolina
South Carolina’s governor declared a state of emergency this week as dozens of wildfires burned across parts of North and South Carolina, causing evacuations, minor property losses and unhealthy air quality. State, local and national news sites reported that more …
Italian Businessman Caltagirone Raises Stake in Generali to 8%, MF Daily Says
Italian businessman Francesco Gaetano Caltagirone has recently raised his stake in insurer Generali to 8%, MF newspaper reported on Tuesday, citing financial sources. A spokesperson for Caltagirone had no immediate comment. According to MF, the businessman strengthened his position in …
Texas Lawsuit Alleges GEICO Raises Premiums Despite Accident Forgiveness Promise
A class action lawsuit filed in Texas alleges GEICO doesn’t abide by its Accident Forgiveness program when a driver with an unblemished record gets into a first, at-fault accident. Texas resident Christopher Cude sued GEICO on Feb. 25, alleging the …
Kraken Is Latest Crypto Firm to Say SEC Agrees to Drop Lawsuit
Kraken said the US Securities and Exchange Commission has agreed in principle to drop its lawsuit against the cryptocurrency exchange, the latest in a series of dismissals of legal actions against crypto companies by the market regulator. There will be …
Verisk Webinar Highlights Emerging Psychoactive Substance Risks
As public perception and the legality of cannabis and other novel psychoactive substances continue to evolve, what emerging risks and litigation should insurance professionals keep an eye on? Last week, Verisk Analytics hosted a webinar to answer those questions and …
New England Waters Warming More Slowly But Temps Remain High
SCARBOROUGH, Maine (AP) — The waters off New England had another warm year but didn’t heat up as fast as earlier this decade, bucking a trend of higher warming worldwide, said scientists who study the Atlantic Ocean near Maine. The …
After Breakup With Spring Breakers, Miami Beach Says No to Getting Back Together
MIAMI BEACH, Fla. (AP) — Miami Beach broke up with spring break last year and city leaders still aren’t interested in couples counseling. Officials recently announced they were bringing back enhanced security measures for practically the entire month of March, …
With Unrevealed Previous Injury, Later Claim Cannot be Denied, Georgia Court Says
Defending workers’ compensation claims from employees who have not disclosed previous injuries may have just become a little more complicated for employers and insurance carriers in Georgia. The Georgia Court of Appeals last week found that a long-standing defense against …
Florida Seeks Personal Prescription Data From Drug Middlemen
Florida insurance regulators have asked companies to hand over extensive amounts of data on people’s pharmacy claims, including personal information and prescription drug usage, an unusual move for a state regulator that’s raising privacy concerns. An eight-page request went out …
No Time Limit on Adding Dependent to Open Workers Comp Claim: NH High Court
Adding a dependent to an open workers’ compensation death benefits claim does not constitute a separate claim, the New Hampshire Supreme Court ruled last week. Furthermore, the court concluded, there is no statutory time limit for the dependent of a …
Fertilizer Manufacturer Fined $400K for Washington Worker Death from Toxic Gas
A fertilizer manufacturer has been fined $394,200 for the death of a worker killed by toxic gasses at a work site. The Washington State Department of Labor & Industries fined Two Rivers Terminal LLC for safety violations following the death …
4 Killed in Arizona Highway Crash of Multiple Tractor-Trailers
Authorities in Arizona are investigating a crash that killed four people and left two in critical condition after several tractor-trailers collided with nearby cars on a highway. Firefighters hosed down charred cars as billowy smoke covered the roadway after seven …
Delaware Program Cuts Crop Insurance Premiums for Farmers 30%
Delaware has begun a program that promises to reduce premiums for 2025 crop insurance plans for producers who had an eligible plan in 2024. The reduction is equal to 30% of the 2024 total premium with a maximum of $10 …
Washington Senate Passes Restitution, Credit Scoring Study Bills
The Washington state Senate passed three bills with insurance implications on Monday, including a bill giving the insurance commissioner the authority to order restitution to harmed policyholders and a bill studying the impacts of insurance rating factors like credit scores. …
Lawsuit Alleges GM Illegally Sold Arkansans’ Driving Data to Insurance Companies
Arkansas Attorney General Tim Griffin sued General Motors and its subsidiary OnStar this week, alleging the car manufacturer deceived Arkansans by collecting and selling driver information to third parties, who then sold the data to insurance companies. The lawsuit alleges …
Trial Begins in Texas Pipeline Company’s Lawsuit Over Dakota Access Pipeline Protests
An attorney for a Texas pipeline company said Wednesday at trial that he will prove various Greenpeace entities coordinated delays and disruptions of a controversial oil pipeline’s construction in North Dakota, and defamed the company to its lenders. Attorneys for …
Texas Lawmakers Introduce Legislation to Address Wildfire Risks and Ignition Sources
A year after devastating wildfires engulfed the Panhandle, killing three people and burning millions of acres, Texas lawmakers have filed a slate of legislation aimed at mitigating the risks and damage of future blazes. Three Republicans — state Sen. Kevin …