Yearly Archives: <span>2022</span>

Keystone Adds New Jersey’s Strategic Insurance Partners

The Pennsylvania-based insurance brokerage platform Keystone Agency Partners (KAP), has acquiredadmin Strategic Insurance Partners (SIP), an independent insurance agency based in Nutley, New Jersey, to its network. Financial terms of the transaction were not disclosed. Founded in 1900, SIP is …

AM Best Raises Country Risk Level for Russia

The insurance rating firm AM Best said it has moved its country risk tier for Russia to a CRT-5 from a CRT-4 to reflect the “significantly heightened geopolitical, economic and financial system risk” in the country. Sanctions against Russia have …

Chevron Phillips Chemical Agrees to Reduce Air Pollution at 3 Texas Plants

Chevron Phillips Chemical Company LP has agreed to make upgrades and perform compliance measures estimated to cost $118 million to resolve allegations that it violated the Clean Air Act and state air pollution control laws at three petrochemical manufacturing facilities …

Illinois District Court: Insurer Cannot Rely on Employment-Related Exclusion in BIPA Suit

An Illinois federal judge said a policy exclusion for employment-related practices does not protect State Automobile Insurance Co. from defending a grocery chain accused of violating the Illinois Biometric Information Privacy Act (BIPA). U.S. District Court for the Northern District …

U.S. House Panel Refers Amazon to Justice Department Amid Competition Probe

Five members of the U.S. House Judiciary Committee have asked the U.S. Department Of Justice (DOJ) to investigate Amazon.com Inc for “potentially criminal conduct” by the company and some of its senior executives. In a letter to the Attorney General …

Texas Division of Workers’ Comp Seeks Public Comments On Proposed EDI Form Revisions

The Texas Department of Insurance, Division of Workers’ Compensation (DWC) is accepting public comments on proposed revisions to a pair of Electronic Data Interchange forms: EDI-01, Electronic Data Interchange (EDI) Trading Partner Profile; and EDI-02, Insurance Carrier or Trading Partner …

Google Boosts Cloud Security With $5.4 Billion Mandiant Deal

Alphabet Inc’s Google is buying cybersecurity firm Mandiant Inc for $5.4 billion in a deal that could trigger a “ripple effect” as cloud rivals Microsoft and Amazon also ramp up efforts to fortify the fast-growing business. A shift to remote …

BMW Recalling Over 1 Million U.S. Worldwide On Engine Fire Concerns

BMW will recall 1.03 million worldwideover potential fire risks, the German automaker said on Wednesday, its third recall over the issue since 2017. The new recall involves numerous vehicles built between 2006 and 2013, including some 1 Series, 3 Series, …

Florida Woman Charged with Comp Fraud After Faking Kidnapping

A Florida woman who said she was kidnapped, raped and thrown out of a vehicle last year has now been charged with insurance fraud. Alma Delia Duran, 54, of Summerfield, sparked a manhunt in March 2021 around Ocala, in Central …

Self-Driving Company Kodiak Robotics Hauls Freight For CEVA in Texas, Oklahoma

Kodiak Robotics on March 9 said it has partnered with France-based CEVA Logistics to transport freight in self-driving trucks across Texas and Oklahoma, marking the latest autonomous trucking partnership in the region. Kodiak said it began delivering loads for CEVA, …