Monthly Archives: <span>January 2024</span>

Worker on Long Island Killed While Working on Septic System When Dirt Collapses

A worker was killed on New York’s Long Island Monday after becoming buried in a hole while working on a septic system. Suffolk County Police said the masonry company worker was installing cesspool rings at a home in Head of …

Connecticut Extends PTSD Benefits to All Workers Under Workers’ Compensation

The new year brought with it an expansion of Connecticut’s workers’ compensation benefits with regard to post-traumatic stress injuries or disorders (PTSD). Prior to January 1, only first responders were eligible for benefits for work-related PTSD; now under a new …

AM Best Revises Outlooks to Negative for Members of Enumclaw in Washington

AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of “a-” (Excellent) of Mutual of Enumclaw Insurance Company and Enumclaw Property & Casualty Insurance …

California Man Gets Prison for False Sex Assault Claims in $100M Suit Against Hollywood Executives

A California man was sentenced to four years in prison for seeking to win a $100 million lawsuit by making false sexual assault claims against Hollywood executives. Rovier Carrington, 34, of Los Angeles was sentenced in Manhattan federal court after …

Noguchi & Associates in Hawaii Adds to Benefits with Retirement Plan Services

Noguchi & Associates launched its Ori-gen Retirement Plan Services for its Hawaii client base. The service expands upon the establishment of Ori-gen Retirement Plan Services announced in February 2023. Noguchi & Associates will now offer services such as company-sponsored retirement …

Class Action Numbers Dip in 2023, but Settlements Still Costing Billions

Class-action and government enforcement lawsuits continued to take a toll on corporate defendants in 2023, with ten $1 billion settlements and a total cost of $51.3 billion, according to a report released Tuesday by the DuaneMorris law firm. The total …

At the Intersection of Tech and Insurance: Exploring MGA Funding Then and Now

This post is part of a series sponsored by AgentSync. Just a few years ago, Managing General Agencies (MGAs) were an attractive investment option in the insurtech space. But market turmoil and emerging industry challenges are changing the tides. In …

Part II: Don’t Go Bare: 4 Creative Options for Brokers in Gulf Coast States

This post is part of a series sponsored by IAT Insurance Group. It’s not news that property owners along the Gulf Coast are experiencing sticker shock when it comes their insurance renewal. The challenge is, rate increases of 30%-40% industry …

Five Companies Agree to $7.2 Million Settlement for Polluting Two Ohio Creeks

TOLEDO, Ohio (AP) — Five companies have agreed to pay the federal government more than $7.2 million overall to resolve claims stemming from longstanding pollution in two adjacent creeks in the Maumee River watershed in northwestern Ohio. The settlement with …

Retail Mortgage Lender loanDepot Struggles With Cyberattack

The U.S. retail mortgage lender loanDepot is struggling to recover from a cyberattack that impacted its loan processing and phone service. In a filing on Monday with the Securities and Exchange Commission, the company said data was encrypted by the …