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Buggy Driver, 2 Teens Seriously Injured in Pennsylvania Crash Involving Minivan

A man and two teenagers riding in a buggy pulled by a horse were seriously injured in a crash with a minivan over the weekend, authorities said. State police in Centre County say the minivan struck the rear of the …

Farmers Insurance Further Reducing Florida Business

One month after it announced it would stop writing new homeowner policies in Florida, Farmers Insurance now says it plans to cut back further on its presence in the hurricane-prone state. The Florida Office of Insurance Regulation said Tuesday that …

Minor Quakes Rattle Parts of East Tennessee, Virginia

Multiple, minor earthquakes have been reported in western North Carolina in recent months but now they’re being felt in Tennessee and Virginia, the U.S. Geological Survey has reported. A 2.2-magnitude quake happened Friday evening near Sevierville, in eastern Tennessee, not …

Gensler Asserts SEC Authority Over Crypto as Opponents Waver

Gary Gensler’s Securities and Exchange Commission is filling the crypto regulatory void, and the industry and its backers on Capitol Hill have so far been unable to check him. The tide was supposed to turn when Republicans gained control over …

People Moves: Stephens Insurance Names Green SVP, Cyber Risk

Stephens Insurance announced Mark Green as a senior vice president, focused on cyber risk. Green brings more than 20 years of experience in the insurance industry, most recently with McGriff, Seibels & Williams. Prior to McGriff, Green was an executive …

People Moves: WTW Names Mascaro Hospitality Leader; Leach SVP, Founder of K2 Financial US Ops; MEMIC Hires Underwriters

WTW announced the appointment of Juan Mascaro as hospitality segment leader, a part of the Real Estate, Hospitality, and Leisure Division within Corporate Risk and Broking (CRB), North America. Mascaro has more than two decades of insurance industry experience in …

12 Southern California Homes Evacuated After Ground Shifts

Twelve homes were evacuated in a Los Angeles-area city after a major ground shift put them at risk of collapse, officials said. Janice Hahn, chair of the Los Angeles County Board of Supervisors, visited Rolling Hills Estates, a city 19 …

Jurors Urged to Impose Heavy Punitive Damages in J&J Talc Trial

Lawyers for a California man who says he developed a rare cancer from exposure to asbestos in Johnson & Johnson’s talc-based baby powder on Monday urged a jury to order the company to pay heavy punitive damages, calling its conduct …

Insurance Agency EverQuote to Lay Off Nearly 100 Employees

Online insurance agency EverQuote will lay off nearly 100 employees at its Evansville, Indiana office as part of plans to reduce its non-marketing operating expenses by over 15%. A Worker Adjustment and Retraining Notification (WARN) submitted to the Indiana Department …

Workers’ Compensation Undercuts Employer Liability Exclusion, U.S. Appeals Court Rules

Since workers’ compensation shields an employer from liability, an insurer may not be able to rely on an employer liability exclusion in a commercial general liability policy to avoid claims. That’s the potentially costly message a federal appeals court has …

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