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iHeartMedia Reveals No Payments Made to Drake in ‘Not Like Us’ Settlement

Texas-based iHeartMedia said it settled its legal dispute with Drake over Kendrick Lamar’s dis track “Not Like Us” after demonstrating that it “did nothing wrong.” Drake had alleged in a legal petition filed in November that iHeartMedia received illegal payments …

Liberty Mutual Owes $4M Refund After Overcharging Louisiana Citizens Assessments

Liberty Mutual owes approximately $4 million to about 138,000 Louisiana policyholders after overcharging the Louisiana Property Insurance Corporation Emergency Assessment for the past four years, Insurance Commissioner Tim Temple said. Temple said the Louisiana Department of Insurance received a consumer …

Prosecutors Say Taylor Swift Tickets Were Sold Then Resold in Cyber Scam

A cybercrime crew stole then resold more than 900 digital tickets to Taylor Swift concerts and other pricey events on StubHub, according to prosecutors in New York. The international scam involved people working in Jamaica for a firm contracted by …

SEC’s Uyeda Expects Slowdown in Rulemaking After ‘Ambitious’ Biden Era

The interim chief of the US Securities and Exchange Commission says he expects a slowdown in the Wall Street regulator’s rulemaking after three-and-half “overly ambitious” years of pursuing market reforms. “The way I look at financial regulation is, we’re not …

Report Cites Increase in Worker Fatalities Across New York

New York State experienced 74 worker deaths in 2023, a 48% increase over 2022’s 50 deaths, according to an annual report by an occupational safety nonprofit. The report by the New York Committee for Occupational Safety and Health (NYCOSH) found …

Trucker in Crash That Killed 7 Farmworkers in Oregon Sentenced to 48 Years

A truck driver who killed seven farmworkers when he crashed into a parked van on Interstate 5 in Oregon was sentenced on Tuesday to nearly 50 years in prison. Marion County Circuit Court Judge Daniel Wren sentenced Lincoln Smith to …

SC House Approves Liquor Liability Bill But Broader Tort Reform May Be Dead

The South Carolina House of Representatives voted 109-0 Thursday in favor of a bill that would end joint-and-several liability for bars and restaurants and would incentivize additional alcohol-server training, an effort to reduce liquor liability insurance costs in the state. …

Gallagher Re Launches Cyber Risk Adjusted Rating Index to Track Reinsurance Rates

Gallagher Re, the reinsurance brokerage unit of Arthur J. Gallagher & Co., announced it has launched a Cyber Risk Adjusted Rating (RAR) Index, which is designed to measure the change in reinsurance prices adjusted for expected changes to the underlying …

Zurich Insurance Expands Stake in Banco Sabadell Amid BBVA Deal Bid

Zurich Insurance Group AG has amassed a substantial stake in Banco Sabadell SA, potentially giving it more influence over an important source of sales that’s facing a hostile takeover bid. The Swiss firm has increased its holding in Sabadell to …

People Moves: Miller Taps SCOR’s Foucart as Managing Director in Reinsurance Practice; Acrisure Re Corporate Advisory & Solutions Appoints 4 Senior Hires

This edition of International People Moves details appointments at the brokers Miller and Acrisure Re. A summary of these new hires follows here. Miller Taps SCOR’s Foucart as Managing Director in Reinsurance Practice Miller, the London-based independent specialist re/insurance broker, …

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