Monthly Archives: <span>January 2023</span>

Uncertainty Over Whether Frontline’s KBRA Rating Will Be Accepted by Freddie Mac

Frontline Insurance Co. has sparked confusion and concern from agents and insureds after the carrier last week sent out differing information about its financial rating agency. The potential good news for agents and policyholders: Freddie Mac, the quasi-government corporation that …

Protestor Killed After Shooting Trooper at Georgia Police Training Center Named

Investigators on Thursday released the identity of the person who was shot and killed by law enforcement officers who were trying to clear protesters camping at the site of a planned Atlanta-area public safety training center that opponents have dubbed …

J&J Subsidiary to Pay $9.75M to Settle Claims of Free Products to Induce Surgeon

A subsidiary of health care company Johnson & Johnson has agreed to pay nearly $10 million to settle allegations that it violated federal and state law by providing free products to a surgeon to induce him to use its products …

460K Partial Social Security Numbers Mistakenly Released in Washington

A county in Washington inadvertently released nearly half a million partial Social Security Numbers when responding to a routine public records request in December, according to county officials. The Pierce County Auditor’s Office, which mistakenly released the sensitive data, said …

Union Bay Acquires Franchino Agency in New Jersey

Union Bay Acquisition, an aggregator of insurance agencies agent based in Princeton, New Jersey, has acquired Franchino Agency, Inc. Hillsborough, New Jersey. Terms were not disclosed. Franchino Agency, headed by Gabe Frangione, president, offers personal and commercial lines policies. Union …

Son Seeks $50M in California Suit for Dad’s Death From Stun Gun

Lawyers for the 5-year-old son of a man who died after repeatedly being shocked by Los Angeles police with a stun gun following a traffic collision filed a $50 million claim Friday for damages against the city. The legal claim …

California Lawsuit Claims Woman’s Death Stemmed from Disneyland Fall

A lawsuit claims Disneyland employees snickered at a disabled woman struggling to get off a Jungle Cruise boat before she fell and broke a leg, leading to her death from an infection five months later. The lawsuit was filed in …

Germany’s Commerzbank Sues EY for Losses Incurred in Wirecard Collapse

The German lender Commerzbank is suing accounting firm EY over the 200 million euros ($216.12 million) in losses that it incurred in the collapse of Wirecard, a bank spokesperson said on Thursday. Wirecard’s downfall two years ago shook the German …

Louisiana Governor Orders Special Session to Address Insurance Incentive Fund

Louisiana Gov. John Bel Edwards called for a special session Sunday to address appropriate funds to the Insure Louisiana Incentive Fund, a fund created by lawmakers last year to attract more insurance companies to the state. Edwards said the special …

Consumer Reports Urges Dark Chocolate Makers to Reduce Lead, Cadmium Levels

Consumer Reports on Monday urged four chocolate producers to commit by Valentine’s Day to reduce the amounts of lead and cadmium in their dark chocolate products, after testing revealed harmful levels of the heavy metals. In letters to Hershey Co., …