A report published this week by a Washington, D.C.-based think tank ranks Louisiana as the worst state for social mobility, and links the state’s lawsuit abuse climate as a factor for why many residents never get ahead. Archbridge Institute published …
Report Highlights Louisiana’s Tort System as Barrier to Social Mobility Read More »
A U.S. judge said several companies including Walmart, Beech-Nut and Gerber must face a nationwide lawsuit claiming that toxic heavy metals contaminated their baby food, causing brain and neurodevelopmental damage to children who ate it. In a decision on Wednesday, …
Several Companies Must Face Lawsuit Over Tainted Baby Food, Judge Rules Read More »
Key Insurance, a Kansas-based insurer specializing in non-standard auto, was placed into liquidation this week after a court ruled the company insolvent. The Shawnee County District Court ordered the liquidation of Key on March 31 after reviewing significant evidence that …
Kansas’ Key Insurance Placed Into Liquidation Read More »
The Supreme Court on Wednesday sided with a truck driver who wants to sue for triple damages over a CBD hemp product he says was falsely advertised as being free from marijuana’s active ingredient and resulted in him getting fired. …
Supreme Court: Truck Driver Can Seek Treble Damages Over THC in CBD Product Read More »
Risk digitization was cited as the primary technology priority for revenue growth in a recent study from insurtech Cytora. Cytora surveyed 200 senior leaders from global insurance firms and found that 76% of respondents saw risk digitization (encompassing new business, …
Risk Digitization Top Tech Priority for US Insurers Read More »
A Florida House of Representatives panel went straight to the source of a consultant’s report that has caused widespread concern among lawmakers about insurance company profit-shifting. But the hour-long, web interview with Arizona-based consultant Jan Moenck shed only limited light …
Consultant Sheds Some Light on Hot-Potato MGA Fee Report at Florida Legislative Hearing Read More »
The South Carolina Department of Insurance named Andy Noga, formerly CEO and general counsel of GuideOne Insurance Group, as director of captives, underscoring the state’s commitment to fostering captive insurance companies, the DOI said Wednesday. “We focused on identifying a …
South Carolina DOI Names Noga, Formerly With GuideOne, as Captives Director Read More »
Justin Bayern joined Alliant Insurance Services as senior vice president within its Alliant Americas division. Based in Denver, Colorado, Bayern has more than 20 years of experience in finance and insurance. Before joining Alliant, Bayern was most recently a producer …
People Moves: Bayern Joins Alliant Insurance Services as SVP in Denver Read More »
A bill that would have given Washington’s insurance commissioner the power to order restitution to harmed policyholders failed to pass out of a House committee this week. Substitute Senate Bill 5331 failed to pass out of the House Consumer Protection …
Washington Insurance Restitution Bill Dies in House Committee Read More »
A Los Angeles, California, couple was sentenced after an investigation reportedly found they underreported more than $21 million in employee payroll for their delivery companies. John Nemandoust, 70, was sentenced to 60 days in county jail, and Annette Assil, 62, …
California Delivery Company Must Repay $2M for Workers’ Comp Scheme Read More »
