The Florida Supreme Court has struck down $16 million in punitive damages against R.J. Reynolds Tobacco Co. as “excessive,” a decision that could bode well for insurers and businesses relying on courts to interpret state law strictly as written. “Text …
Texas Mutual announces Duncan as CEO of new health insurance subsidiary Texas Mutual Insurance Company, based in Austin, Texas, has hired Meredith Duncan as the president and chief executive officer of the company’s new health-focused subsidiary. Subject to regulatory approval, …
OKLAHOMA CITY (AP) – Oklahoma entered settlement agreements with three major pharmacy chains and an opioid manufacturer totaling more than $226 million, Attorney General John O’Connor announced Wednesday. Including the new settlements with drugmaker Allergan and pharmacy chains CVS, Walgreens …
NFP Names Canning SVP NFP has named Andrew Canning senior vice president and head of project risk advisory for the company’s growing North America construction and infrastructure group. The group, part of NFP’s specialty business, provides clients with comprehensive construction …
MADISON, Wis. (AP) – Federal regulators have determined that a lack of safeguards during a maintenance shutdown led to a 2018 explosion at an oil refinery in Superior. The U.S. Chemical Safety Board released a final report last week on …
LIVINGSTON, La. (AP) – A south Louisiana parish cannot enforce a moratorium blocking a global gas supply company from conducting seismic tests or building test wells in Lake Maurepas, a federal judge has ruled. Air Products sued Livingston Parish’s government …
AKRON, Ohio (AP) – An Ohio man who had snow stuffed into his mouth by a police officer during an arrest in Akron has filed an excessive force lawsuit against the city and several officers, claiming his civil rights were …
Storms across the South, part of a front that swept through the country this week, damaged homes, cars, a manufacturing plant and power lines in Alabama, Georgia, Kentucky and South Carolina. News outlets reported that possible tornados in Montgomery County, …
A Russian hacking team known as Cold River targeted three nuclear research laboratories in the United States this past summer, according to internet records reviewed by Reuters and five cybersecurity experts. Between August and September, as President Vladimir Putin indicated …
According to MarketScout’s Market Barometer, the fourth quarter 2022 composite rate for U.S. commercial lines of insurance was up 5.1%. The Dallas-based distribution and underwriting company said property insurance “continues to be challenging,” with Q4 rate increases of 9.3% overall. …
