Monthly Archives: <span>February 2020</span>

Bank of England’s Carney Warns Investors to Get Serious About Climate Change

In a world facing a climate crisis, investors need to start taking account of carbon emissions and rising temperatures in their decisions, according to Bank of England Governor Mark Carney. The shift in thinking will be key to the industry’s …

AXIS Chairman, Co-Founder Butt to Retire; Smith Named Chairman-Elect

AXIS Capital Holdings Ltd. announced that Michael Butt, chairman of the board of directors, will retire from the company, effective Sept. 16, 2020. A co-founder of AXIS and member of the Insurance Hall of Fame, Butt is a recognized industry …

Oklahoma Senate Passes Bill Requiring All Children to Wear Seat Belts

The Oklahoma Senate has passed legislation that would require any child under the age of 17 to wear a seat belt while riding in the back seat of a vehicle. Current Oklahoma law only requires children under the age of …

J.M. Wilson Hires Pov as Assistant P/C Underwriter in Michigan

J.M. Wilson has added Kim Pov as an assistant property/casualty underwriter in its Madison, Wisconsin, office. Pov is responsible for assisting underwriters on a wide variety of property and casualty risks, as well as quoting new and renewal business and …

39 States Investigating E-Cigarette Maker Juul Over Marketing to Underage Users

A group of 39 state attorneys general on Tuesday announced an investigation into Juul Labs Inc.’s marketing practices, adding to mounting legal and regulatory problems for the e-cigarette maker over its role in the nation’s youth vaping epidemic. The probe, …

Time Warner Cable Will Pay $18.8M in California Internet Case

Time Warner Cable will pay $18.8 million to settle a lawsuit that claimed it misled more than 170,000 California customers who paid for high-speed internet service that they didn’t receive, prosecutors said. Eligible customers will receive about $16.9 million in …

How Draining the Reservoir Can Help Mitigate Flooding

Persistent rains have been pounding the Southeast, and a week ago, the Pearl River in Jackson, Mississippi, spilled over its banks, submerging a dozen city blocks in several feet of water. The river had crested at 36.7 feet—its third-highest level …

Arizona Gets Court Order Blocking Vaping Firm’s Products

Arizona’s attorney general has obtained an injunction against a New Jersey-based vaping company he recently sued that bars the company from marketing or selling any of its products in the state. The injunction against Eonsmoke was announced by Attorney General …

Northern California Sting Brings Insurance Fraud Charges in Auto Body Repair Bust

An operation by a crime task force in Northern California targeting auto body repair facilities resulted in eight felony counts of insurance fraud against four individuals The California Department of Insurance, Contra Costa County District Attorney’s Office and the National …

Idaho Man Sentenced for Fabricating Bill of Sale on $700 Mercedes

An Idaho man was sentenced for insurance fraud in violation of Idaho code after reportedly purchasing a 1992 Mercedes for $700 and then adding the vehicle to an existing policy with GEICO. Hester then filed a claim for damages done …