Southeast News

Class Actions Filed Over Builders Mutual, Progressive’s Own Data Breaches

Progressive Casualty Insurance and North Carolina-based Builders Mutual Insurance Co. have been served with class-action lawsuits over data breaches on their own computer systems in 2022, cyber attacks that may have exposed the personal data of more than 411,000 people. …

Medical Experts May be Needed, Even in Negligence Claims – Kentucky Supreme Court

When a baseball umpire, well-traveled in college conferences, went to a hospital for X-rays on his surgically repaired ankle in 2015, a hospital attendant pushing the ump’s wheelchair accidentally bumped his foot against a desk. The question that has percolated …

People Moves: Castle, Gray Named to Senior Posts at American Coastal

St. Petersburg-based American Coastal Insurance Corp. has named two to high-level positions in the company. Svetlana Castle is the new chief financial officer, starting Jan. 22, the company said in a press release. Castle, who holds a law degree and …

19 Dead, Hundreds of Auto Accidents from Ice Storm in Tennessee, Mississippi

Tennessee health officials have confirmed at least 14 weather-related deaths from the icy storm that has gripped much of the country. Memphis-Shelby County Schools, the state’s largest public school system with about 100,000 students, canceled Thursday classes. The Tennessee Valley …

Alera Group Buys Med Mal Insurer CLS Healthcare Liability

Alera Group, an insurance and financial services firm in the U.S., announced the acquisition of CLS Healthcare Liability Specialists. Based in North Palm Beach, Florida, CLS provides malpractice coverage for physicians, surgeons, hospitals, locum tenens firms, nurse staffing firms and …

Georgia Saw Most Frozen-Pipe Claims in 2022-2023, State Farm Says

Georgia was, by far, the state with the most frozen pipe and water damage claims, State Farm Insurance reported as much of the country faces the first deep freeze for winter 2024. The insurer said in an article on its …

Hedge Fund Fermat Has Best Year Ever as Catastrophe Bonds Deliver Record Results

Fermat Capital Management just had the best year in its more than two-decade history, after outsize bets on catastrophe bonds delivered record results. The hedge fund’s returns were “in line” with the 20% gain in the Swiss Re Global Cat …

Tangram Enters Reinsurance Brokerage Market with SC-based Preferred Re

Tangram Insurance Services, an independent managing general agency based in California, has acquired Preferred Reinsurance Intermediaries in Columbia, South Carolina, marking Tangram’s entry into the reinsurance brokerage market. Preferred Re, founded in 1983, works with insurers and reinsurers on traditional …

State Farm Owes $2.6M to Florida, Court Says in Reading of ‘Dense’ Tax Code

State Farm Insurance and its subsidiaries owe the state of Florida more than $2.6 million in back taxes and interest after a state appeals court ruled against the insurer on an interpretation of state and federal tax laws. “We disagree …

OSHA Fines Mississippi Poultry Plant $212,646 in Death of 16-year-old Worker

The Occupational Health and Safety Administration this week fined a Mississippi poultry processor $212,646 – an amount set by law – after a 16-year-old was pulled to his death inside a deboning machine last summer. Mar-Jac Poultry MS LLC in …

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