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

China Launches Disaster Insurance Trials in 6 Cities Affected by Floods in 2021

China’s third-most populous province Henan will launch pilot programs for catastrophe insurance in six cities that were the hardest hit by historic floods last summer. Aside from its capital Zhengzhou, trials are to be set up in the cities Anyang, …

Seven Taiwanese Insurers Have Not Received Russian Eurobond Payments: Regulator

Taiwan’s financial regulator said on Tuesday that seven Taiwanese insurance companies have not received interest due on May 27 on Russian Eurobonds after a grace period ended on Sunday evening. Russia defaulted on its international bonds for the first time …

UK Home Insurer Policy Expert Considers £1 Billion Sale

UK home insurer Policy Expert’s owner is considering a potential sale that could raise as much as £1 billion ($1.2 billion), people with knowledge of the matter said. Investment firm Primary Group Ltd. is working with advisory firm Perella Weinberg …

Judge Orders New Trial in Tesla Worker’s Race Bias Lawsuit

A federal judge in California on Monday ordered a new trial on the damages Tesla Inc. owes to a Black former factory worker who accused the company of race discrimination, after he turned down a $15 million award. U.S. District …

DeSantis Appoints 3 Insurance Defense Attorneys as Workers’ Comp Judges

Florida Gov. Ron DeSantis has appointed three insurance defense attorneys to the state’s workers’ compensation bench. Jill Jacobs has worked as deputy city attorney for Palm Beach for the last seven years, handling many workers’ compensation claims from city workers. …

NTSB Investigating Central Texas Plane Crash That Killed 2

The National Transportation Safety Board said it is investigating a Central Texas plane crash that killed two people. Authorities say the small plane crashed near the airport in Kerrville at around 7 p.m. on Saturday. Kerrville is located about 65 …

Maine AG Says Religious Schools May Face Obstacles Despite Supreme Court Ruling

Religious schools got what they wanted when the Supreme Court allowed them to participate in a state tuition program. But the state attorney general said the ruling will be for naught unless the schools are willing to abide by the …

Iowa City Settles Fatal Police Shooting Suit for $5M

Burlington, Iowa, has agreed to pay $5 million to settle a wrongful death lawsuit brought by the mother of a man who was shot to death by police nearly five years ago, the two sides said. The settlement comes nearly …

California Department of Insurance Alleges Mishandled Claims by App-Based Auto Insurance Seller and Topa

The California Department of Insurance is taking legal action against Go Maps Inc., and its insurance underwriter, Topa Insurance Co., after an investigation found the app-based insurance seller mishandled consumer claims for more than two dozen drivers. Under the orders …

Alera Group Acquires Compensation Works in Washington

Alera Group acquired Compensation Works in Washington. The Compensation Works team will continue serving clients in their existing roles. Compensation Works is a national compensation company providing services that support business strategies and human capital initiatives. Alera is an independent …