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Judge Blocks New Jersey Insurance Mandate and Ban on Handguns in Certain Places

A federal judge on Tuesday blocked part of New Jersey’s new handgun carry law that barred weapons from being carried in so-called sensitive places and halted a new insurance mandate the law sought to institute. Second Amendment rights groups that …

Illinois and Indiana Latest States to Address Public Adjuster Reforms

Illinois became the latest state to pass public adjuster reform legislation when the Illinois Public Adjuster bill (SB 1495) passed both houses of the legislature and will move on to the governor. Indiana Gov. Eric Holcomb recently signed HB 1329, …

Jurors Hear Closing Statements at Trial Over Fatal New York Limo Crash That Killed 20

The operator of a limousine company who has been accused of acting recklessly and causing the deaths of 20 people, is not to blame for the 2018 upstate New York crash, because he tried his best to repair and maintain …

AM Best Downgrades Ratings of Farm Bureau Mutual in Arkansas

AM Best downgraded the Financial Strength Rating to B++ (Good) from A- (Excellent) and the Long-Term Issuer Credit Rating to “bbb+” (Good) from “a-” (Excellent) of Farm Bureau Mutual Insurance Company of Arkansas Inc. The outlook of the FSR was …

EU Spat Over Nuclear Energy Escalates as Key Vote Is Delayed

A key element of the European Union’s Green Deal package has been delayed after France, the bloc’s biggest supporter of nuclear power, said it won’t back a law to scale up renewable energy. Member-state officials had been due to endorse …

Nevada Secures $152M Opioid Settlement With Pharmacy Chain CVS

Nevada and pharmacy chain CVS have reached a nearly $152 million settlement to be paid over the next decade to end a lawsuit over opioid claims, state Attorney General Aaron Ford announced. “CVS negotiated in good faith,” Ford said at …

U.S. Cites Another Poultry Producer in Compensation Sharing Conspiracy

The Department of Justice proposed an amended complaint and consent decree in the District of Maryland that would resolve claims that chicken producer George’s Inc. and George’s Foods conspired with other poultry processors for years to suppress workers’ wages by …

Davies Insurance Tech Group Names Morrissey COO

Nashville-based Davies Group, a rapidly growing professional services and technology firm serving the insurance industry, has named Jen Morrissey group chief operations officer. Morrissey was previously chief information officer with Unison Risk Advisors and was with Willis Towers Watson before …

AM Best: Current D&O Market Rates Could Prove Inadequate

Buyers of directors and officers liability may be getting a break from steep rate and price increases seen over the last several years, but insurance industry rating agency AM Best said it remains to seen how long the reprieve can …

Risk Strategies Acquires Combined Underwriters of Miami

Risk Strategies, a specialty insurance brokerage with national reach, has acquired Combined Underwriters of Miami, an independent agency that offers commercial and personal insurance and benefits products in south Florida. Combined Underwriters has been around for 30 years, specializing in …

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