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

Markets/Coverages: MGA Verve Launches Captive Insurance Product and Broker Portal

Verve Risk Services, the London-based managing general agent, announced the launch of a captive insurance product and its “Verve Aura” broker portal, designed to meet evolving customer needs. Formed in 2016 and supported by OneAdvent, the specialist MGA services platform, …

Investigation Started into Plane Crash That Killed Several People in North Carolina

MANTEO, N.C. (AP) — Federal authorities were investigating this week after multiple people died when a single-engine plane crashed Saturday afternoon in a wooded area at Wright Brothers National Memorial’s First Flight Airport, the National Park Service said. The crash …

Florida’s Heritage Stock Price Drops After ’60 Minutes’ Report on Adjusters

Just as Florida property insurers face another round of storm claims, CBS News has raised questions about alleged insurer fraud stemming from claims incurred in the last major storm – Hurricane Ian, which hit much of southwest Florida two years …

Jury Awards $300M to 3 Women Over Alleged Sex Abuse by Virginia Doctor

A jury has ruled in favor of three women who alleged they were sexually abused while patients at a Virginia children’s hospital, awarding them a total of $300 million in damages. The jury in Richmond Circuit Court on Friday awarded …

Cruise Gets More Oversight After California Robotaxi Dragging Incident

General Motors Co.’s robotaxi company will undergo tougher oversight and pay a fine to settle claims by US auto safety regulators that it failed to properly disclose information about a crash involving one of its cars that struck and dragged …

Judge Rules eBay Not Liable for Selling Harmful Products

A federal judge dismissed a U.S. Department of Justice lawsuit accusing eBay of violating environmental laws by allowing the sale of hundreds of thousands of harmful products on its platform, including pesticides and devices to evade motor vehicle pollution controls. …

Boar’s Head Faces Legal Scrutiny Over Deadly Listeria Outbreak

Boar’s Head, the deli meat company at the center of a deadly listeria food poisoning outbreak, is being scrutinized by law enforcement officials, the U.S. Agriculture Department disclosed in response to government records requests. Officials with USDA’s Food Safety and …

FCC Says It Has Reached $31.5 Million Settlement With T-Mobile Over Data Breaches

T-Mobile has reached a $31.5 million settlement to resolve a probe by the Federal Communications Commission into significant data breaches over three years that impacted tens of millions of U.S. consumers, the agency said on Monday. T-Mobile will pay a …

Connecticut Workers’ Compensation Costs to Drop Again in 2025

Connecticut workers’ compensation insurers are recommending an overall 6.1% reduction in loss costs in the voluntary market and a 6.2% overall reduction in the assigned risk market for next year. If the recommendation is approved, it would mark the eleventh …

Hawaii High Court Agrees to Weigh in on Issues Holding up $4B Wildfire Settlement

Hawaii’s Supreme Court will consider questions about issues that threaten to thwart a $4 billion settlement in last year’s devastating Maui wildfires. A Maui judge last month agreed to ask the state high court questions about how insurance companies can …