Monthly Archives: <span>September 2024</span>

NHTSA Proposes New Vehicle Requirement to Reduce Pedestrian Deaths

A U.S. regulator said on Monday it is proposing a requirement that some future vehicles be redesigned to reduce the risks of serious or fatal injuries in crashes involving pedestrians amid a rise in such deaths. The National Highway Traffic …

‘Dr. Taxes’ in Georgia Charged With Taking Workers’ Comp Premiums From Clients

A businessman in south Georgia who called his business a tax preparation site for immigrants is now facing multiple charges that he swindled clients out of thousands of dollars in workers’ compensation insurance premiums. Emmanuel Torres Cruz, 34, was arrested …

Red Lobster Landlord Sues Insurer to ‘Clawback’ $1.2M Fire Claim Payment

The landlord for a fire-damaged building leased to a Red Lobster restaurant is blaming the restaurant’s insurer for causing it to lose out on $1.2 million in fire insurance claims payments to repair the property. RL New Brunswick Owner LLC, …

Coney Island’s Cyclone Roller Coaster Reopens 2 Weeks After Malfunction

The famed Cyclone roller coaster in New York City’s Coney Island has reopened two weeks after a mechanical problem forced a mid-ride stop and people had to be helped off the attraction. The 97-year-old wooden roller coaster at Luna Park …

An ESG Backlash Erupts in Europe on World’s Strictest Rules

For TotalEnergies SE Chief Executive Officer Patrick Pouyanne, the difference in the performance of his company’s stock and that of Exxon Mobil Corp., the largest US producer of oil and gas, is in no small part explained by an acronym: …

Update: Baltimore Reaches Opioid Litigation Settlements with Teva and Walgreens

Baltimore Mayor Brandon M. Scott announced yesterday that one week before a trial is to begin, the city reached an $80 million settlement with Teva Pharmaceuticals to resolve the city’s claims over the firm’s role in fueling Baltimore’s opioid epidemic. …

Toxic Debris from Hawaii Wildfire Could Fill 5 Football Fields 5 Stories Deep

Hinano Rodrigues remembers being 4 or 5 years old, carrying a bucket across a highway to the ocean in the Maui community where he still lives. At dawn, he would accompany his grandmother to a reef at low tide, where …

Wynn Resorts Paying $130M for Letting Illegal Money Reach Gamblers at Vegas Casino

Casino company Wynn Resorts Ltd. has agreed to pay $130 million to federal authorities and admit that it let unlicensed money transfer businesses around the world funnel funds to gamblers at its flagship Las Vegas Strip property. The publicly traded …

Markets/Coverages: PURE Heads to Canada to Cover HNW Homes

Privilege Underwriters Reciprocal Exchange (PURE) is for the first time going international with an expansion into Canada. The reciprocal exchange will start serving high net worth clients in Ontario with homeowners insurance through select brokers. Future products include automobile coverage …

Administrative Actions: What Are They and Who Do You Report Them to?

This post is part of a series sponsored by AgentSync. Insurance producers are expected to be upstanding citizens, and for good reason. They’re responsible for helping consumers select and purchase some of the most important products a person can buy. …