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News – Insurance Journal
Cannabis Risk Management Group Rolls Out Coverages Through Captive
A cannabis risk management group through its captive is rolling property, general premises liability and product liability coverage to cannabis dispensaries and associated grow facilities. The National Cannabis Risk Management Association announced on Tuesday it is endorsing a suite of …
POSTED APRIL 20, 2021 10:21 PM |
AssuredPartners’ Riley Resigns as CEO After 4 Months
Insurance broker AssuredPartners announced that Tom Riley has resigned as chief executive officer of the company to “pursue other investment opportunities and devote more time to his family and charitable interests.” The company said the board of directors has accepted …
POSTED APRIL 20, 2021 6:14 PM |
Trial Date Set to Decide Tenn. Damages in Case Against Opioid Manufacturer
A Tennessee judge has set a July 26 start for a trial to decide damages against an opioid manufacturer in a lawsuit over the company’s role in the epidemic. Sullivan County Circuit Court Chancellor E.G. Moody set the date earlier …
POSTED APRIL 20, 2021 4:58 PM |
Minnesota Restaurant/Bar to Pay $15K for Executive Order Violations
A Minnesota bar and restaurant will pay $15,000 to settle a lawsuit over violations of the governor’s COVID-19 restrictions orders. Minnesota Attorney General Keith Ellison said his office has settled its lawsuit against New Prague eatery, St. Patrick’s Tavern & …
POSTED APRIL 20, 2021 4:55 PM |
Wisconsin Food Plant Worker Sues ConAgra After Contracting COVID-19
A food plant employee is suing his Walworth County, Wisconsin, employer alleging he contracted the coronavirus at work and infected his wife who died from the disease. Rigoberto Ruiz, of Beloit, says ConAgra Foods didn’t enforce a policy to ensure …
POSTED APRIL 20, 2021 4:15 PM |
Insurer to Pay $8M Settlement in Suit by Black Man Paralyzed by Iowa Officer
An insurance company for the City of Cedar Rapids, Iowa, will pay $8 million to a Black motorist who was paralyzed after a white police officer shot him during a 2016 traffic stop, both sides announced on April 19. The …
POSTED APRIL 20, 2021 4:13 PM |
Louisiana Bills Promote Private Flood Insurance, Target Staged Accidents
Louisiana insurance regulators have proposed separate pieces of legislation that would promote the writing of private flood insurance in the state and increase penalties associated with staged auto accidents. A third bill would expand the authority of the insurance commissioner …
POSTED APRIL 20, 2021 4:05 PM |
People Moves: 2 From Willis to Lead Marsh Government Practice; CNA’s Robb Heads BHSI’s Cyber
Insurance broker Marsh announced that Steven Capace and Bryan Salek have joined the firm to co-lead its U.S. Government Contracting Practice. In this dual leadership role, Capace and Salek will head a team responsible for services that address government contractors’ …
POSTED APRIL 20, 2021 3:44 PM |
ABN AMRO Agrees to Pay $574M Fine for Failing to Tackle Money Laundering
THE HAGUE, Netherlands – ABN AMRO has agreed to pay 480 million euros ($574 million) as part of a settlement with prosecutors who accused the Dutch state-owned bank of “serious shortcomings” in tackling money laundering, prosecutors and the bank said …
POSTED APRIL 20, 2021 3:03 PM |
People Moves: The Hartford’s McKenna to Falvey; Safety National Hires Kostro
Falvey Insurance Group Appoints McKenna as Chief Underwriting Officer Falvey Insurance Group has hired Mike McKenna, formerly of The Hartford, as chief underwriting officer to oversee the underwriting for its group companies: Falvey Cargo Underwriting, Falvey Shippers Insurance and Safe …
POSTED APRIL 20, 2021 2:48 PM |
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