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North Carolina CEO Sues Over ‘Faulty’ Windows, Doors in $16M Home

The CEO of a marketing and technology company has gone to court over what he says are faulty custom-made steel-and-glass windows and doors in his $16 million Charlotte home. Ric Elias, CEO and co-founder of Red Ventures, and his wife, …

Mississippi Disaster Request Approved for Hurricane Zeta

The Trump administration has approved Gov. Tate Reeves’ request for federal help following Hurricane Zeta. President Donald Trump declared the disaster on New Year’s Eve, ordering federal aid to help South Mississippi counties recover from the worst hurricane to hit …

Commentary: Florida Adoption of Federal Judgment Standard a Win for Insurers

The way liability claims are litigated in Florida will dramatically change, possibly shifting the balance of power in pre-trial negotiations closer to favoring defendants and their insurance companies after the Florida Supreme Court opted to adopt the federal summary judgment …

White Named Communications Director for Wisconsin Insurance Agents Group

The Professional Insurance Agents of Wisconsin (PIAW) has hired Natalie White as the association’s new communications director. White joins PIAW after several years of working in the Wisconsin Legislature. In addition to absorbing the media and marketing functions of PIAW, …

Cincinnati’s Core Specialty Makes Key Appointments in Property Division

Cincinnati, Ohio-based Core Specialty Insurance Holdings Inc. has filled several key roles within its Property Division, led by Alison Oliphant. The company had previously announced its plans to launch this division ahead of the start of the 2021 renewal cycle. …

Charles Taylor Acquires Wisconsin TPA, Insurance Management Firm Aegis

Charles Taylor, a technology products and services to the global insurance market, has acquired Aegis Corp. (Aegis), a Wisconsin-based provider of mutual management and third party claims administration. Aegis provides risk pools and self-insureds with customized insurance and claims management …

FCC Appears Unlikely to Act on Trump Bid to Change Social Media Liability

The prospects of Federal Communications Commission Chairman Ajit Pai taking action on an effort to narrow social media companies’ legal protections under a 1996 law are increasingly unlikely. Both Pai and U.S. President Donald Trump have only 16 more days …

Investors Sue Parent Company Behind Alaska Gold Mine

The company behind a proposed copper and gold mine in Alaska faces lawsuits from investors claiming it misled shareholders who have seen an 85% drop in stock value since the summer. Two lawsuits filed in U.S. District Court in New …

COVID-19 Business Interruption Rulings, Most Favoring Insurers, Moving to Appeals

A wave of litigation over business-interruption losses caused by COVID-19 shutdown orders has started splashing into the appellate courts. Appeals of trial court decisions in at least 11 lawsuits have been filed so far, all but one of them by …

FEMA Buys $1.153 Billion of Reinsurance for Flood Insurance Program for 2021

The Federal Emergency Management Agency (FEMA) has once again procured private sector reinsurance from more than 30 carriers for the National Flood Insurance Program (NFIP) to protect the government program from large losses. Under the 2021 reinsurance program, FEMA transferred …

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