South African Insurer Santam to Pay Virus Relief to Clients with Biz Interruption Cover July 27, 2020 By Roxanne Henderson South Africa’s largest property and casualty insurer will pay as much as one billion rand ($60 million) in relief to...
Kentucky Teen Settles Lawsuit Against Washington Post Over D.C. Encounter July 27, 2020 By Dylan Lovan A Kentucky teen and The Washington Post have settled a lawsuit over the newspaper’s coverage of his encounter with a...
Workers’ Compensation Rates Won’t Be Adjusted for Coronavirus Experience This Year July 27, 2020 By Jim Sams The workers’ compensation line is unlikely to generate a profit this year and may not recover in 2021, an insurance...
Trump Signs Executive Orders to Lower Prescription Drug Prices July 27, 2020 By Jeff Mason, Alexandra Alper and Carl O'Donnell U.S. President Donald Trump on Friday signed four executive orders aimed at lowering the prices Americans pay for prescription drugs,...
Indivior to Pay $600M to Settle Claims of Deceptive Marketing of Opioid Treatment July 27, 2020 By Nate Raymond Indivior Plc has agreed to pay $600 million and have a subsidiary plead guilty to a felony charge to resolve...
Court Affirms Class Action Suit Against State Farm in Kentucky Claim Underpayment Case July 27, 2020 By Jim Sams A federal appellate court has cleared the way for a class-action lawsuit to proceed against State Farm Fire and Casualty...
Hanna Pounds South Texas Coast Already Dealing With COVID Surge July 26, 2020 By Erwin Seba and Brad Brooks Hurricane Hanna pummeled the south Texas coast on Saturday night with howling winds and a surging sea that threatened a...
Wyoming Department of Insurance Fines Farmers Insurance Exchange $150K July 24, 2020 The Wyoming Department of Insurance announced the resolution of a matter against Farmers Insurance Exchange that resulted in monetary penalties...
Tesla Invites Actuaries to Help It Create a ‘Revolutionary’ Insurance Company July 24, 2020 By Andrew G. Simpson Tesla, which has been testing an insurance product for its drivers in California, is preparing to build an insurer, one...
USG Opens Branch in Alpharetta, Georgia July 24, 2020 USG Insurance Services, Inc., a national wholesaler and MGA, is has expanded its operations into Alpharetta, Ga., with the launch...