Yearly Archives: <span>2023</span>

EU Spat Over Nuclear Energy Escalates as Key Vote Is Delayed

A key element of the European Union’s Green Deal package has been delayed after France, the bloc’s biggest supporter of nuclear power, said it won’t back a law to scale up renewable energy. Member-state officials had been due to endorse …

Nevada Secures $152M Opioid Settlement With Pharmacy Chain CVS

Nevada and pharmacy chain CVS have reached a nearly $152 million settlement to be paid over the next decade to end a lawsuit over opioid claims, state Attorney General Aaron Ford announced. “CVS negotiated in good faith,” Ford said at …

U.S. Cites Another Poultry Producer in Compensation Sharing Conspiracy

The Department of Justice proposed an amended complaint and consent decree in the District of Maryland that would resolve claims that chicken producer George’s Inc. and George’s Foods conspired with other poultry processors for years to suppress workers’ wages by …

IICF Midwest Honors Acrisure at 2023 Blazing the Trail Benefit

Annual celebration of insurance industry philanthropy raises funds for regional nonprofits CHICAGO (April 25, 2022) – The Midwest Division of the Insurance Industry Charitable Foundation (IICF), a unique nonprofit organization dedicated to helping communities and enriching lives, will be honoring …

2 Firearm Situations. Maybe They’re Covered.

NOTE: This is an excerpt from a longer article on IJ. Here’s the full article. When it comes to firearms and insurance, we can look at them in two ways. First, as items of personal property, in which case, in …

Davies Insurance Tech Group Names Morrissey COO

Nashville-based Davies Group, a rapidly growing professional services and technology firm serving the insurance industry, has named Jen Morrissey group chief operations officer. Morrissey was previously chief information officer with Unison Risk Advisors and was with Willis Towers Watson before …

AM Best: Current D&O Market Rates Could Prove Inadequate

Buyers of directors and officers liability may be getting a break from steep rate and price increases seen over the last several years, but insurance industry rating agency AM Best said it remains to seen how long the reprieve can …

Risk Strategies Acquires Combined Underwriters of Miami

Risk Strategies, a specialty insurance brokerage with national reach, has acquired Combined Underwriters of Miami, an independent agency that offers commercial and personal insurance and benefits products in south Florida. Combined Underwriters has been around for 30 years, specializing in …

BP Unit to Pay Record $40M to Settle Air Pollution Civil Charges

A subsidiary of BP will pay a record-setting $40 million penalty to settle civil U.S. charges that its Indiana-based oil refinery violated federal laws aimed at curbing emissions of cancer-causing benzene in wastewater and other harmful pollutants, the U.S. Justice …

Crypto Should Be Regulated as Gambling, UK Lawmakers Say

Bitcoin, ether and other cryptocurrencies should be regulated as gambling given the significant risks they pose to consumers, a panel of UK lawmakers said in a report on Wednesday. Britain, which wants to become a global hub for crypto and …