Two former top investigators for Farm Bureau Financial are suing the company for fraud, racketeering and wrongful termination. The lawsuit alleges the insurer’s management group knew of fraudulent activity committed by company employees and refused to report fraud to state …
Lawsuit Alleges Farm Bureau Financial Concealed Fraudulent Activities Read More »
Sen. John Kennedy has introduced a new bill aimed at reforming the courtroom practice of third-party litigation funding. Kennedy, R-La., introduced the Protecting Our Courts from Foreign Manipulation Act last week, and it was immediately supported by the insurance industry …
More Federal Legislation Introduced to Tackle Third-Party Lit Funding Read More »
Meta shut down internal research into the mental health effects of Facebook after finding causal evidence that its products harmed users’ mental health, according to unredacted filings in a lawsuit by U.S. school districts against Meta and other social media …
Meta Buried ‘Causal’ Evidence of Social Media Harm, Court Filings Allege Read More »
Norfolk Southern railroad worked with the state of Ohio and Youngstown State University to revive plans for a $20 million first responder training center near the site of the worst derailment in a decade in East Palestine, Ohio. Building a …
Glunt Industries, Inc., a Warren, Ohio machining company which operates four large-scale fabrication plants, will pay $2 million and provide other relief to settle a lawsuit filed by the U.S. Equal Employment Opportunity Commission (EEOC), the federal agency announced today. …
Ohio Machining Company to Pay $2M to Settle Sex Discrimination Case Read More »
Well respected insurance veteran Tom Bolt has died, one of his former employers announced on Friday. “Tom was a highly accomplished insurance executive, who was deeply respected and widely admired in the global business community,” American International Group (AIG) said …
Former AIG, BHSI, Lloyd’s Executive Tom Bolt Dies Read More »
Severe and prolonged flooding across Central Vietnam has killed 90 people and left 12 others missing, the government said. More than 1,154 homes were damaged and about 186,000 houses inundated at the peak of the floods, the Ministry of Agriculture …
Vietnam Flood Deaths Reach 90 as Damage Sweeps Central Region Read More »
United Nations climate talks in Brazil reached a subdued agreement Saturday that pledged more funding for countries to adapt to the wrath of extreme weather. But the catch-all agreement doesn’t include explicit details to phase out fossil fuels or strengthen …
COP30 Climate Deal Fails to Detail Fossil Fuel Cuts, but Pledges Adaptation Funding Read More »
American International Group Inc. will hand a multimillion-dollar payout to insurance executive John Neal, even as the executive’s employment ended before he joined the firm. The insurer will pay Neal $2.7 million to compensate for “foregone incentives at his former …
AIG to Pay Neal $2.7 Million to Cover Previous Firm’s Bonus Read More »
Farmers Insurance announced it will eliminate the cap on the number of homeowners insurance policies it offers in California. The move is part of a new filing, and the cap removal is effective immediately, made in anticipation of an improved …
Farmers Eliminating Homeowners Insurance Policy Cap in California Read More »
