Monthly Archives: <span>May 2022</span>

Two of Central Kentucky’s Oldest Agencies Merge

Two of the oldest insurance agencies in Central Kentucky have merged. Rightmyer Insurance Agency in Danville, founded in the 1930s, has joined forces with Sam Dexter Insurance Agency, which began in 1954, according to a local news report. The two …

Explosion at Maryland Nail Salon Injured 7 Including First Responders

Seven people, including police officers and EMS personnel, were injured in an explosion at a Maryland nail salon on Monday night, officials said. Baltimore County police officers responded to a disturbance at a Woodlawn nail salon and encountered a person …

Markets/Coverages: Maryland’s Residual Insurer Ups Limits for Commercial Drivers

Maryland’s auto insurance market for drivers that private insurers won’t cover has received approval to offer combined single limits coverage up to $1 million for eligible businesses and vehicles. Maryland Auto Insurance (MAI) says many contracts, particularly governmental contracts, require …

Arson Probe After 14 Homes Being Built in Arizona Destroyed

Authorities in the Tucson suburb of Marana, Arizona, are investigating whether a fire that destroyed 14 homes under construction homes was arson. Marana police officials said the fire started last week. By the time crews from the Northwest Fire District …

Hawaii Hurricane Season Forecasted to be Slow With La Nina

Hawaii and the Central Pacific basin should expect two to four hurricanes, tropical depressions or tropical storms this year, federal forecasters said. The annual National Oceanic and Atmospheric Administration outlook predicts there is a 60% chance of a below-average season. …

Pharmacy Owners Sentenced in ‘Astonishing’ $174M Cream Scheme

A federal judge in Tennessee has sentenced two Florida men to prison after they were found guilty of an extensive telemedicine fraud that convinced pharmacy benefits managers ExpressScripts, CVS Caremark, Optum and others to authorize millions of dollars in compounded …

Mental Telehealth CEO Ousted as U.S. Probes Prescription Practices

Cerebral Inc. directors voted to oust the mental telehealth giant’s founder and chief executive officer, Kyle Robertson, on Wednesday, as the booming industry draws scrutiny from federal law enforcement and patient advocates. Robertson had built Cerebral into a $4.8 billion …

Republicans Have a New Enemy No. 1: ESG Investing

Heading into the hotly contested midterm elections, the American political right has a new rallying cry: Down with ESG. Conservatives have identified the popular investing strategy, which accounts for environmental, social and governance risks, as part of a broader narrative …

Insurers Too Late for Subrogation in Auto Parts Price-Fixing Case, Court Rules

Insurers waited too long to intervene in anti-trust litigation that brought settlements requiring dozens of auto parts manufacturers to pay a total of $1.2 billion to resolve price-fixing allegations, a panel of the U.S. 6th Circuit Court of Appeal ruled …

Chiropractic Care Linked to Lower Injured Workers’ Costs, Faster Return to Work

Chiropractors are involved in only a small fraction of workers’ compensation claims for low back pain in states where insurers or employers control the choice of medical provider, but a report released this week suggests that skepticism about runaway costs …