Monthly Archives: <span>April 2025</span>

Walgreens to Pay $300 Million in US Opioid Settlement

Walgreens has agreed to pay $300 million to settle U.S. prosecutors’ allegations that it illegally filled millions of invalid prescriptions for opioids and other controlled substances, the U.S. Justice Department said on Monday. The money, plus 4% interest annually, will …

California Workers’ Comp Board OKs Higher Pure Premium Rate Filing

The Workers’ Compensation Insurance Rating Bureau of California’s governing committee on Wednesday voted to authorize the WCIRB to submit a September 1, 2025 Pure premium rate filing on average 11.2% percent above the average approved September 1, 2024 advisory pure …

Global Natural Disasters Cost Insurers $53B in Q1, With Economic Losses of $83B

Global natural catastrophes had an insured price tag of more than $53 billion during the first quarter of 2025 – claims driven by California’s wildfires of approximately $38 billion, or 71% of total insured losses across the globe, according to …

AM Best Downgrades Credit Ratings of Texas’ PrimeOne Insurance Group

AM Best has downgraded the Financial Strength Rating to B- (Fair) from B+ (Good) and the Long-Term Issuer Credit Rating to “bb-” (Fair) from “bbb-” (Good) of PrimeOne Insurance Company in Dallas, Texas, a wholly own subsidiary of PrimeOne Insurance …

ALKEME Acquires Michigan’s Crawford Insurance Group

ALKEME has announced its acquisition of Crawford Insurance Group (CIG), a highly regarded personal and commercial insurance agency headquartered in Rochester Hills, Michigan. Founded in 2001, CIG serves clients across a wide range of personal and commercial insurance, both individual …

Capital Farm Credit Acquires Two Texas Agencies

The Board of Directors for Capital Farm Credit recently supported the purchase of two crop insurance agencies in the Texas Plains Region in an acquisition agreement aimed at serving as a long-term provider of critical crop insurance policies. Bennett Crop …

Microsoft Security Vulnerabilities Set Record High in 2024: BeyondTrust

Microsoft reported a record-breaking 1,360 vulnerabilities in its products last year, an all-time high and an 11% increase over the previous record of 1,292 in 2022, according to new report from cybersecurity firm BeyondTrust. Microsoft Office vulnerabilities in particular nearly …

Crime Syndicates in Southeast Asia Go Global, Defying Crackdowns

Cyber crime syndicates that run multi-billion-dollar scam operations across Southeast Asia are still expanding despite recent law enforcement crackdowns, building links from Ireland to Mexico and reaching a potentially irreversible global spillover, the United Nations warned. The transnational criminal networks …

Kentucky Auditor Announces Investigation of State’s Medical Cannabis Program

FRANKFORT, Ky. (AP) — Kentucky’s auditor said Thursday that her office will investigate the state’s medical cannabis program after receiving complaints about the lottery system used to award highly sought-after licenses to grow, process and sell the medicinal products to …

Questions About How a Deputy’s Stepson Became the Accused Gunman at FSU Shooting

Amid the abandoned chemistry notes and other debris left behind after a deadly shooting at Florida State University are lingering questions about how the stepson of a beloved sheriff’s deputy tasked with school safety at a middle school became the …