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

Allstate’s National General Sued by DOJ Over Alleged Force-Placed Insurance ‘Scheme’

Allstate’s National General auto insurance brand has been sued by the U.S. Department of Justice over allegations that National General and subsidiaries “engaged in a scheme to defraud customers” by putting its insurance product onto vehicles financed by Wells Fargo. …

Uber, Lyft, DoorDash Prevail in California Gig-Worker Ruling

Uber Technologies Inc. and Lyft Inc. can keep classifying California drivers as independent contractors, after the state’s top court said a company-backed law passed by voters doesn’t wrongly curtail the legislature’s power over worker protections. The unanimous ruling upholding California’s …

New Mexico Woman Pleads Guilty to Armed Robbery of Gallup Insurance Agency

A New Mexico woman pleaded guilty in federal court for an armed robbery of a Gallup insurance agency. Amber Yazzie, 29, of Gamerco, pleaded guilty to robbery and federal firearms charges for her role in the armed robbery of C …

AM Best Puts SCOR’s Credit Ratings Under Review After L&H Reserve Announcement

AM Best has placed the credit ratings of SCOR, the Paris-based reinsurer, under review with developing implications. The ratings were placed under review as a result of SCOR’s July 15 publication of an update on its second-quarter 2024 and full-year …

People Moves: Marsh Promotes McKay as UK Advisory Leader; BHSI Launches Surety in Spain, Led by Barbero; IQUW Promotes MacDonald to Head of Property

This edition of International People Moves details appointments at Marsh, Berkshire Hathaway Specialty Insurance (BHSI) and the re/insurer IQUW. A summary of these new hires follows here. Marsh Promotes McKay as UK Advisory Leader Marsh, the insurance brokerage business of …

Outlook Positive, AI Use on the Rise for Independent Agents, Says Nationwide

Despite challenges posed by inflation, market volatility and rapidly changing technologies, independent agents remain positive about their businesses and report more optimistic perceptions of national business conditions than in 2023. The recent Nationwide Economic Impact Survey Report: Independent Insurance Agents …

Explosion and Fire Hit Tequila Factory in Mexico, Killing at Least 5 Workers: Officials

An explosion and fire erupted inside a tequila factory Tuesday, killing at least five workers and injuring two others at the site in the liquor’s namesake town in Jalisco state, Mexican authorities said. The state Civil Protection agency announced late …

Boeing Completes Deal to Plead Guilty Over 737 Max Crashes

Boeing Co. has completed an agreement with the US government to plead guilty to criminal conspiracy in connection with two fatal crashes of its 737 Max jetliner, setting the stage for a possible courtroom confrontation with relatives of those who …

Freight Train Runs Off Tracks, Smashes Into Residential Garage in Niagara Falls

NIAGARA FALLS, N.Y. (AP) — A freight locomotive ran off the end of its track and smashed into the side of a garage Monday at a home in the city of Niagara Falls. No one was injured, but the impact …

Florida Coach and Co-Defendants Ask Court to Drop Jaden Rashada NIL Lawsuit

GAINESVILLE, Fla. (AP) — Florida coach Billy Napier and two co-defendants on Tuesday filed motions to dismiss quarterback Jaden Rashada’s lawsuit regarding a failed name, image and likeness deal worth nearly $14 million. Napier, Florida booster/automotive technology businessman Hugh Hathcock …