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People Moves: USG Adds Perez in Houston; One General Agency Adds 5 to Underwriting Team

USG Insurance Services Names AJ Perez as Producer/Broker; Commercial Lines USG Insurance Services, Inc. named AJ Perez as producer/broker: commercial lines in the Houston, Texas branch office. Perez joins the USG team with 16 years of insurance industry experience, most …

Arkansas Sues Drugmakers, Pharmacy Benefit Managers Over Insulin Costs

Arkansas’s attorney general on Wednesday accused drugmakers and pharmacy benefit managers of colluding to drive up the price of insulin drugs, the latest in a series of lawsuits to take aim at skyrocketing insulin costs. The lawsuit, filed in Pulaski …

$300,000 Settlement in Indiana Lost Eye Lawsuit

Federal court documents show the settlement amount reached by an Indiana city and a man who lost an eye after being struck by a tear gas canister police fired during 2020 protests over the killing of George Floyd is $300,000. …

Former Chicago White Sox Trainer Sues Team Over Termination

A former athletic trainer for the Chicago White Sox is alleging in a lawsuit that he was fired by the team because of his sexual orientation, age and disability. The actions of White Sox general manager Rick Hahn and the …

Louisiana Suit Alleges Chokehold Used on 10-year-old With Disabilities

Civil rights advocates are suing the school board and sheriff’s office in Louisiana’s Jefferson Parish over the alleged mistreatment _ including the use of a chokehold and handcuffs _ on a 10-year-old Black student with disabilities. The lawsuit, announced Wednesday …

Lloyd’s Broker Superscript Offers Insurance for Crypto, Digital Asset Businesses

Lloyd’s broker Superscript has launched a dedicated product for distributed ledger technology (DLT), digital asset, and blockchain businesses. The product, named Daylight, will help digital asset businesses secure insurance and manage risks more easily. Daylight uniquely combines cutting-edge machine-learning technology …

AXA to Join €1B Regenerative Agriculture Fund to Help Mitigate Climate Change

Insurer AXA and consumer goods group Unilever plan to invest 100 million euros each into a new 1 billion euro ($1.06 billion) regenerative agriculture fund to be managed by Tikehau Capital, the three groups said on Wednesday. The companies each …

Powell Says Fed Will Fix Inflation, Calls Price Stability ‘Bedrock’ of Economy

Calling stable prices the “bedrock” of the economy, Federal Reserve Chair Jerome Powell said on Thursday the U.S. central bank’s battle to control inflation would “include some pain” as the impact of higher interest rates is felt, but that the …

TikTok Sued After 10-Year-Old Dies in ‘Blackout Challenge’

TikTok Inc. was blamed in a lawsuit for the death of a 10-year-old girl who allegedly participated in an online challenge in which people choke themselves until they black out. Nylah Anderson, an intelligent child who could speak three languages, …

Strems, Adjusters, Restoration Firm Settle Florida Citizens Lawsuit for $1M

A now-suspended Miami lawyer, along with the successor to his law firm, a public claims adjuster and a restoration company, have agreed to pay a total of $1 million to settle a lawsuit brought by Citizens Property Insurance Corp. that …

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