News

Judge Deals Blow to California FAIR Plan’s Efforts to Stay Insurance Commissioner’s Order

A judge has denied a request a preliminary injunction to halt the enforcement of an order from California Insurance Commissioner Ricardo Lara that the California FAIR Plan Association offer an expanded homeowners insurance plan. The FAIR Plan had appealed a …

North Carolina OSHA Starts Probe into Fertilizer Plant Fire

The North Carolina Department of Labor has opened an investigation into the safety conditions and fire at a fertilizer plant that erupted in flames Jan. 31, forcing the evacuation of thousands because of explosive chemicals stored at the site. A …

People Moves: Trustmark Elevates King to General Counsel

Trustmark Corp., a publicly traded banking and insurance company based in Mississippi, has named Michael King general counsel. King most recently served as vice president and senior legal counsel to Trustmark, and has spent 30 years with the company, according …

Owner of Cosmetic Clinics in California Admits $20M Insurance Fraud

The former owner of a group of health spas and clinics in Los Angeles has admitted to participating in a $20 million insurance fraud scheme involving Botox injections, laser hair removal and other procedures, federal prosecutors said. Roshanak Khadem, 54, …

3 Million Plaintiffs Seeking $1.2B from California Health Firm

A lawsuit over high health care bills filed on behalf of more than 3 million employers and people seeks as much as $1.2 billion from a large Northern California health systems in an antitrust class-action trial that got underway Thursday. …

People Moves: Great American P&C Promotes Cohen, Kadnar; Markel Adds Hiscox’s Wakeham as U.S. Terrorism Underwriter

Great American Insurance Group has promoted Jason M. Cohen to senior vice president and Julie F. Kadnar to divisional group president within its Property & Casualty Group. In 2006, Cohen joined the company as divisional vice president within Corporate Claims. …

S&P Report Sheds Light on Florida Farm Bureau’s Losses

Recently posted data provides new insight on the dire financial situation for Florida Farm Bureau, one of four carriers that announced it would stop writing or non-renew thousands of homeowner policies in Florida this year. Farm Bureau, which industry analysts …

SpaceX Satellites Falling Out of Orbit After Being Hit by Solar Storm

SpaceX’s newest fleet of satellites is tumbling out of orbit after being struck by a solar storm. Up to 40 of the 49 small satellites launched last week have either reentered the atmosphere and burned up, or are on the …

Catholic Church Sex Abuse Panel in Portugal Receives 200 Allegations in First Month

A lay committee looking into historic child sex abuse in the Portuguese Catholic Church said Thursday that during its first month of work it received allegations from 214 people. The allegations are from people born between 1933 and 2006 and …

World Insurance Acquires Allied Partners in Maryland-District of Columbia Area

World Insurance Associates said it acquired Allied Partners Insurance Inc. of Gaithersburg, Maryland on February 1, 2022. Terms of the transaction were not disclosed. Allied Partners Insurance, Inc. was established in 2014. Wilberto Rivera and Nathan Wethje are owners. World …

News Archives by Month