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

Volkswagen to Settle UK ‘Dieselgate’ Class Action for $242 Million

Volkswagen settled its UK class action lawsuit for £193 million ($242 million) with more than 90,000 drivers impacted by the emissions scandal. No admissions of liability have been made by Volkswagen and the terms and conditions are confidential, according to …

Insurance Technology: Socotra Snaps Up Startup Portal; Marble Mobilizes Rewards App; RMS Unveils UnderwriteIQ; Vertafore Powers Tokio Marine Surety

Socotra Acquires Avolanta, Adding Unified Agent and Customer Portal Insurance carrier technology firm Socotra reports it has acquired Avolanta, a Columbia, South Carolina software startup offering a unified portal built for the insurance industry. Terms were not disclosed. Avolanta enables …

Can U.S. Gunmakers Be Liable for Mass Shooting?

An 18-year-old gunman stormed a Texas elementary school on Tuesday and killed 19 children and two teachers, reigniting a debate in the United States over gun control and the potential legal liability for manufacturers of firearms. Below is a look …

Florida Legislature Wraps Early with Insurance Fund, Roof and Condo Bills

By Wednesday morning, it was all over except for the speeches. The five-day special session on the insurance crisis turned into just three days, and without seeing adoption of a single significant modification to two bills that had been carefully …

Massive Blaze Damages Newly Renovated Newport Hotel

NEWPORT, R.I. —Three firefighters were injured battling a major fire at a recently renovated hotel in Newport, Rhode Island, fire officials said. The fire at the Wayfinder Hotel was reported at about 8 p.m. Monday and crews remained on the …

Report: California Workers’ Comp Written Premium for 2021 Down 2%

California written premium for 2021 was 2% below 2020 and 14% below 2019, a new report shows. The Workers’ Compensation Insurance Rating Bureau of California issued released its quarterly experience report, an update on California statewide insurer experience valued as …

Federal Judge Upholds New York Law Allowing Lawsuits Against Gun Industry

A federal judge on Wednesday threw out a lawsuit by a group of gun manufacturers, distributors and retailers challenging the constitutionality of a New York law that allows the state and people affected by gun violence to sue the industry. …

New York Opens New Window for Adult Sex Abuse Survivors to Sue

Adult sexual assault survivors who missed legal deadlines to sue their abusers would get a second chance to file lawsuits under a bill that received final approval Monday from New York’s Legislature. Once it becomes law, the Adult Survivors Act …

UCLA to Pay Nearly $700M in Doctor Abuse Lawsuits

The University of California system announced Tuesday it will pay nearly $375 million to more than 300 women who said they were sexually abused by a UCLA gynecologist, bringing a record amount in total payouts by a public university in …

Latin American Association of Insurance Agencies Statement on Adjournment of Florida Special Session on Property Insurance

Tallahassee, Fla., May 26, 2022 – Following the adjournment of the Florida special session on property insurance, the Latin American Association of Insurance Agencies (LAAIA) released the following statement, attributed to Lissette Perez, President of LAAIA National. “Thank you to …